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Optimist International Luverne

Not tax-deductible

Luverne, MN501(c)(4)EIN 41-1330969Revenue $7K in FY2024

On file with the IRSPo Box 672, 56156-0672 · Luverne, MNTax-exempt since Jul 1958

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Community youth activities

100¢ of each $1 spent went to programs.
Run by 19 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 5
filings with a surplus
Average surplus $279 a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
58 mo
of spending, in cash
Looks good: 57.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7K
+10% vs prior year
Spent
$4K
To programs
100%
Net assets
$21K
By yearFY2020–FY2024
Revenue
$7K
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020−$2K
FY2021$7K
FY2022$123
FY2023$6K
FY2024$7K
Expenses
$4K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$4K
FY2021$2K
FY2022$3K
FY2023$4K
FY2024$4K
Net assets
$21K
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$14K
FY2021$19K
FY2022$16K
FY2023$19K
FY2024$21K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1958.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $4K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Dale Reverts
President
$0Pt VII · Sec A
Steve Smedsrud
Vice-Preside
$0Pt VII · Sec A
Carol Morgan
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Optimist International Luverne 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 15aYes

Programs and updates

Optimist International Luverne is a membership association based in Luverne, MN.

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Provided by the organization

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1 program · $4K · in their own filed words · FY2024
01

Sales of pull-tabs-provides the organization with net revenue used to promote community youth activities which is the organizations exempt purpose. Dues and memberships-provides membership with access to a national organization which entitles them to benefits as members nationwide.

$4Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 9 grants · $250K · 2020–2024
Luverne Hockey ClubMN · FY2024$40,000
Luverne Area Community FoundationMN · FY2024$21,500
Independent School District 2184FY2024$5,700
Luverne Hockey ClubMN · FY2023$58,500
Luverne Area Community FoundationMN · FY2023$7,500
Luverne Hockey ClubMN · FY2022$60,000
Luverne Area Community FoundationMN · FY2022$9,500
Luverne Hockey ClubMN · FY2021$23,600
Luverne Hockey ClubMN · FY2020$23,600

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7K
Ln 12
Other incomeLn 4–11$6K
Gifts and grantsLn 1h$570
Investment incomeLn 3$9
Money outPt IX
$4K
Ln 25
Programscol B$4K
Owns and owesPt X
$21K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$21K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$570
Investment incomeLn 3$9
Other incomeLn 4–11$6K
Total revenueLn 12$7K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Total assetsLn 16$21K
LiabilitiesLn 26$0
Net assetsLn 32$21K
OperationsPt I, VI
EmployeesI 52
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$19K$21K
Total assetsLn 16$19K$21K
LiabilitiesLn 26$168$0
Net assetsLn 32$19K$21K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
Other expenses (24a–d)Ln 24−$71K−$71K
Total functional expensesLn 25$4K$4K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $7K$4K$3K$21K 990 PDF
FY2023 $6K$4K$2K$19K 990 PDF
FY2022 $123$3K−$2K$16K 990 PDF
FY2021 $7K$2K$5K$19K 990 PDF
FY2020 −$2K$4K−$6K$14K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $6,938 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $483$570
I-9 Program service revenue$0
I-10 Investment incomePrior year $11$9
I-11 Other revenuePrior year $5,810$6,359
I-12 Total revenuePrior year $6,304$6,938
I-13 Grants and similar amounts paidPrior year $76,008$75,337
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year −$71,995−$70,962
I-18 Total expensesPrior year $4,013$4,375
I-19 Revenue less expensesPrior year $2,291$2,563
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,938 across 6 lines filed
Lines not itemized here account for −$1,650 of total revenue; see the IRS return.
VIII-1b Membership dues$420
VIII-1f All other contributions, gifts and grants$150
VIII-1h Total contributions, gifts and grants$570
VIII-3 Investment incomeRelated to mission $9$9
VIII-8 Net income from fundraising events$8,009
VIII-12 Total revenueRelated to mission $9 · Unrelated business −$1,650$6,938
Part IX · Statement of functional expenses $4,375 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $75,337$75,337
IX-24 Other expenses (24a–d)Programs −$70,962−$70,962
IX-25 Total functional expensesPrograms $4,375 · Management $0 · Fundraising $0$4,375
Part X · Balance sheet $21,175 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $18,780$21,026
X-4 Accounts receivable$149
X-16 Total assetsStart of year $18,780$21,175
X-26 Total liabilitiesStart of year $168$0
X-27 Net assets without donor restrictionsStart of year $12,049$16,252
X-28 Net assets with donor restrictionsStart of year $6,563$4,923
X-32 Total net assets or fund balancesStart of year $18,612$21,175
X-33 Total liabilities and net assetsStart of year $18,780$21,175
Part XI · Reconciliation of net assets $21,175 net assets at year end
XI-1 Total revenue$6,938
XI-2 Total expenses$4,375
XI-3 Revenue less expenses$2,563
XI-4 Net assets at start of year$18,612
XI-10 Net assets at end of year$21,175

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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