Legal & Compliance
Operating with integrity, accountability, and transparency.
Our Legal Foundation
Thrive with Odom Foundation Inc. is a nonprofit corporation incorporated under the laws of the State of Maryland. The organization’s legal structure supports responsible governance, ethical operations, and full compliance with applicable state and federal requirements.
- State of Incorporation: Maryland
- Maryland Department ID: D26081471
- Employer Identification Number (EIN): 39‑2338345
Federal Compliance Status
Thrive is a federally recognized 501(c)(3) public charity and maintains ongoing compliance with all applicable IRS requirements. We are committed to upholding strong governance practices, financial transparency, and ethical standards in support of our mission.
- Approved by the Internal Revenue Service as a 501(c)(3) organization
- Maintaining proper board governance and meeting records
- Ensuring accurate financial tracking, reporting, and annual filings
- Adhering to ethical fundraising and donor communication standards
- Maintaining required documentation and financial separation
State Compliance & Reporting
As a Maryland nonprofit corporation, Thrive maintains full compliance with all applicable state requirements for registration, reporting, and operational transparency. The organization remains in good standing with the Maryland Department of Assessments and Taxation and adheres to all relevant state regulations.
- Maryland nonprofit corporation in good standing
- Completion of required annual state filings and renewals
- Accurate recordkeeping and organizational documentation
- Compliance with Maryland charitable solicitation and reporting requirements
Governance & Accountability
Strong governance is central to Thrive’s mission. The organization maintains clear decision‑making processes, documented board actions, and structured oversight to ensure responsible stewardship of all organizational resources.
- Documented board meetings, decisions, and resolutions
- Conflict‑of‑interest policies and safeguards
- Clear financial separation between personal and organizational accounts
- Internal controls governing expenditures and approval authority
Transparency Practices
Transparency is a core value of Thrive. We communicate openly about our legal status, compliance posture, and organizational operations, and we maintain clear, accurate information to support public trust and accountability.
- Clear public disclosure of organizational and tax‑exempt status
- Accessible information regarding governance and compliance practices
- Commitment to ethical, accurate communication with donors and partners
- Ongoing updates related to annual reporting and governance disclosures, as applicable
Looking Ahead
Thrive is committed to maintaining the highest standards of legal, ethical, and operational compliance. As the organization grows, we will continue to enhance our reporting practices, strengthen governance structures, and ensure that all activities remain aligned with our mission and values.