The Optimists, Inc provides funding for education of children in Bangladesh in the form of educational expenses including healthcare, clothing/ uniform, books and partial financial support to the family.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $17K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
26 mo
of spending, in cash
Looks good: 26.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $16K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$95K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 22 voting members
Concern: none of 22 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$183K
-3% vs prior year
Spent
$90K
To programs
81%
Net assets
$101K
By yearFY2020–FY2024
Revenue
$183K
FY2021▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$187K
FY2021$183K
FY2022$236K
FY2023$149K
FY2024$122K
Expenses
$90K
FY2021▼ -54%
Tap a bar for its year
Expenses by fiscal year
FY2020$196K
FY2021$90K
FY2022$219K
FY2023$156K
FY2024$132K
Net assets
$101K
FY2021▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$114K
FY2021$101K
FY2022$213K
FY2023$206K
FY2024$196K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $73K Management & general 19% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990.

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
See Optimists INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds educational and healthcare needs for children in Bangladesh.

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Provided by the organization

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1 program · in their 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$183K
Ln 12
Fees for servicesLn 2g$183K
Money outPt IX
$90K
Ln 25
Programscol B$73K
Managementcol C$17K
Owns and owesPt X
$101K
net assets · Ln 32
Cash and savingsLn 1–2$196K
Total assetsLn 16$196K
LiabilitiesLn 26$95K
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$183K
Total revenueLn 12$183K
Assets in detailPt X, end of year
CashLn 1$196K
Cash and savings togetherLn 1–2$196K
Total assetsLn 16$196K
LiabilitiesLn 26$95K
Net assetsLn 32$101K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$114K$196K
Total assetsLn 16$114K$196K
LiabilitiesLn 26$0$95K
Net assetsLn 32$114K$101K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$73K$73K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$513$513
Information technologyLn 14$5K$5K
RoyaltiesLn 15$0
OccupancyLn 16$4K$4K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$5K$5K
All other expensesLn 24e$0
Total functional expensesLn 25$90K$73K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $122K$132K−$10K$196K 990 PDF
FY2023 $149K$156K−$7K$206K 990 PDF
FY2022 $236K$219K$17K$213K 990 PDF
FY2021 Viewing $183K$90K$93K$101K 990 PDF
FY2020 $187K$196K−$8K$114K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $182,646 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $187,481$182,646
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $187,481$182,646
I-13 Grants and similar amounts paidPrior year $167,175$72,597
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $28,331$17,495
I-18 Total expensesPrior year $195,506$90,092
I-19 Revenue less expensesPrior year −$8,025$92,554
Part VI · Governance 0 of 22 board members independent, 3 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $182,646 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $182,646$182,646
VIII-12 Total revenueRelated to mission $182,646$182,646
Part IX · Statement of functional expenses $90,092 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $72,597$72,597
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,600$1,600
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionManagement $1,125$1,125
IX-13 Office expensesManagement $513$513
IX-14 Information technologyManagement $4,755$4,755
IX-15 Royalties$0
IX-16 OccupancyManagement $4,500$4,500
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $5,002$5,002
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $72,597 · Management $17,495 · Fundraising $0$90,092
Part X · Balance sheet $195,611 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $113,581$195,611
X-16 Total assetsStart of year $113,581$195,611
X-17 Accounts payable and accrued expenses$22,398
X-18 Grants payable$72,597
X-26 Total liabilitiesStart of year $0$94,995
X-27 Net assets without donor restrictionsStart of year $113,581$100,616
X-32 Total net assets or fund balancesStart of year $113,581$100,616
X-33 Total liabilities and net assetsStart of year $113,581$195,611
Part XI · Reconciliation of net assets $100,616 net assets at year end
XI-1 Total revenue$182,646
XI-2 Total expenses$90,092
XI-3 Revenue less expenses$92,554
XI-4 Net assets at start of year$113,581
XI-8 Prior period adjustments−$105,519
XI-10 Net assets at end of year$100,616

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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