International : Development and Relief Services
Chair of the Board
Chief Executive Officer
Within the last year, this charity had a CN Advisory removed. Read More
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In accordance with our policy for removing CN Advisories, Charity Navigator removed the Moderate Concern CN Advisory for the Thrive Networks on March 1, 2020, because the CN Advisory has been in place for more than a year (since February 16, 2017).
Charity Navigator had published a Moderate Concern CN Advisory on Thrive Networks because we became aware of the following information in connection with this charity:
Thrive Networks’ 12/2015 audit states that Thrive Networks has an “Emphasis of Matter Regarding Going Concern” that is outlined in Note 17. It reads, “Thrive Network has experienced negative changes in unrestricted net assets for several years and has minimal unrestricted assets as of December 31, 2015. Additionally, Thrive Networks, is experiencing some difficulty raising additional unrestricted resources. There is only modest confidence in management's ability to obtain additional sufficient funding and, accordingly, for Thrive Networks to continue as a going concern. The consolidated financial statements do not include information about the recoverability or reclassification of recorded asset amounts or classification of liabilities should Thrive Networks be unable to continue as a going concern.” For this reason, we have issued this Moderate Concern CN Advisory. For more information, please see the Fiscal Year 12/2015 audit.
Thrive Networks’ 12/2016 audit also states that Thrive Networks has an “Emphasis of Matter Regarding Going Concern” that is outlined in Note 16. For more information, please see the Fiscal Year 12/2016 audit.