Optimists INC EIN 11-3571622

Optimists INC FY2021 filing

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Funds educational and healthcare needs for children in Bangladesh. For fiscal year 2021 it reported $183K in revenue, $90K in expenses, and $101K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Woodside, NY
Filings
5 on file (2020–2021)
Revenue
$183KFY2021
Expenses
$90K
Net assets
$101K
People
23
Filings
5
Updates
0
More identity details & actions ⌄
EIN  11-3571622 Public charity (501(c)(3)) Woodside, NY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds educational and healthcare needs for children in Bangladesh.
Leadership
Sarwar B Salam · Chairman
Money in and out
$183K revenue, $90K expenses
Bottom line
81% program efficiency
Where the money goes · FY2021
Total revenue
$183K
Pt VIII · Ln 12
Total expenses
$90K
Pt IX · Ln 25
Net assets
$101K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $93K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.19
Program efficiency
81%
of spending reaches programs
Operating runway
26.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+51%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$183K
FY2021▼ -3%
Expenses
$90K
FY2021▼ -54%
Total assets
$196K
FY2021▲ +72%
Total liabilities
$95K
FY2021
Total revenue
$183K
Pt VIII · Ln 12
Total expenses
$90K
Pt IX · Ln 25
Net assets
$101K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$93K
Total assetsPt X · Ln 16$196K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2021.
01

More service districts were created to expand the program, local programs for purchasing and supplying Covid-19 supplies to Hospitals and families in local service area

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COptimists INC
EINHdr · item D11-3571622
Principal addressHdr · item CWoodside, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJul 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Member Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Member
$0Pt VII · Sec A
Executive Member
$0Pt VII · Sec A
Executive Member
$0Pt VII · Sec A
Executive Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$183K
Total revenueLn 12$183K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$73K
Management & general19%$17K
Total functional expensesLn 25$90K

Balance Sheet

Part X · end of year
CashLn 1$196K
Total assetsLn 16$196K
Total liabilitiesLn 26$95K
Total net assetsLn 32$101K
Months of cash on handcomputed26.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $196K · Operating expenses/yr $90K
26.1 months
Where the money goes
Program services
Program services $73K · Total expenses $90K
81%
Management & General
Management & general $17K · Total expenses $90K
19%
Fundraising
Fundraising $0 · Total expenses $90K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $528 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $183K
0%
Government reliance
Government grants — · Total revenue $183K
Earned-income share
Program service revenue $183K · Total revenue $183K
100%
Investment reliance
Investment income $0 · Total revenue $183K
0%
Program self-sufficiency
Program service revenue $183K · Total expenses $90K
203%
Growth & trend
Revenue growth (YoY)
This year $183K · Prior year $187K
-3%
Net-asset trend (YoY)
End of year $101K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $183K · Expenses $90K
+51%
Liabilities-to-Assets
Total liabilities — · Total assets $196K
Net-asset ratio
Net assets $101K · Total assets $196K
51%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $196K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sarwar B Salam · Reported title Chairman · Highest reported compensation $0 · Total expenses $90K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $90K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 19%
Revenue growth -3%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 4 funders$16K
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$122K revenue · ⤓ 990 PDF
FY2023$149K revenue · ⤓ 990 PDF
FY2022$236K revenue · ⤓ 990 PDF
FY2021$183K revenue · viewing · ⤓ 990 PDF
FY2020$187K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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