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Laurel-London Optimist Foundation

Tax-deductible

London, KY501(c)(3)Foundations & GrantmakersEIN 47-3949863Revenue $390K in FY2025

On file with the IRSlaurellondonoptimistfoundation.orgPo Box 906, 40743-0906 · London, KYTax-exempt since Oct 2015Publicly supported — 509(a)(2)

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Promotion of social wefare for youth

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 7
filings with a surplus
Average surplus $8K a year · 3% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 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
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$75K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$390K
+4% vs prior year
Spent
$353K
To programs
100%
Net assets
$890K
By yearFY2018–FY2025
Revenue
$390K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2018$227K
FY2019$272K
FY2020$238K
FY2021$264K
FY2022$292K
FY2024$376K
FY2025$390K
Expenses
$353K
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2018$212K
FY2019$313K
FY2020$247K
FY2021$224K
FY2022$314K
FY2024$342K
FY2025$353K
Net assets
$890K
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2018$1.0M
FY2019$1.0M
FY2020$1000K
FY2021$1.0M
FY2022$1.0M
FY2024$854K
FY2025$890K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2015.

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% · $353K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Tommy Stewart
Board Member
$0Pt VII · Sec A
Earl Brock
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jackie Parman
President
$0Pt VII · Sec A
Stuart Maiden
Treasurersecretary
$0Pt VII · Sec A
Kenny Ramsey
Vice-President
$0Pt VII · Sec A
See Laurel-London Optimist Foundation 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

Empowers youth through social welfare programs and community support.

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Provided by the organization

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1 program · $353K · in their own filed words · FY2025
01

Program services for youth soccer, football, basketball and other activities.

$353Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$390K
Ln 12
Fees for servicesLn 2g$371K
Gifts and grantsLn 1h$12K
Other incomeLn 4–11$7K
Money outPt IX
$353K
Ln 25
Programscol B$353K
Owns and owesPt X
$890K
net assets · Ln 32
Cash and savingsLn 1–2$215K
Total assetsLn 16$965K
LiabilitiesLn 26$75K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Fees for servicesLn 2g$371K
Investment incomeLn 3$212
Other incomeLn 4–11$7K
Gains on assetsLn 7−$5
Total revenueLn 12$390K
Assets in detailPt X, end of year
CashLn 1$158K
SavingsLn 2$57K
Cash and savings togetherLn 1–2$215K
InvestmentsLn 11–13$241K
Land, buildings, equipmentLn 10c$510K
Total assetsLn 16$965K
LiabilitiesLn 26$75K
Net assetsLn 32$890K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$159K$215K
InvestmentsLn 11–13$241K$241K
Land, buildings, equipmentLn 10c$553K$510K
Total assetsLn 16$954K$965K
LiabilitiesLn 26$100K$75K
Net assetsLn 32$854K$890K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$430$430
Office expensesLn 13$15K$15K
OccupancyLn 16$106K$106K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$44K$44K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$184K$184K
Total functional expensesLn 25$353K$353K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $390K$353K$37K$890K 990 PDF
FY2024 $376K$342K$34K$854K 990 PDF
FY2023 Not on file
FY2022 $292K$314K−$23K$1.0M 990 PDF
FY2021 $264K$224K$40K$1.0M 990 PDF
FY2020 $238K$247K−$8K$1000K 990 PDF
FY2019 $272K$313K−$41K$1.0M 990 PDF
FY2018 $227K$212K$14K$1.0M 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 FY2025 990 (6 parts)
Part I · Summary $390,308 revenue, 12 lines filed
I-8 Contributions and grants$12,087
I-9 Program service revenue$371,405
I-10 Investment income$212
I-11 Other revenue$6,604
I-12 Total revenue$390,308
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$353,474
I-18 Total expenses$353,474
I-19 Revenue less expenses$36,834
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $390,308 across 9 lines filed
VIII-1f All other contributions, gifts and grants$12,087
VIII-1h Total contributions, gifts and grants$12,087
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $371,405$371,405
VIII-3 Investment incomeRelated to mission $217$217
VIII-6 Net rental income or lossRelated to mission $7,000$7,000
VIII-7 Net gain or loss on sales of assetsRelated to mission −$5−$5
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$396−$396
VIII-12 Total revenueRelated to mission $378,221 · Unrelated business $0 · Excluded from tax $0$390,308
Part IX · Statement of functional expenses $353,474 across 7 lines filed
IX-11c Accounting feesPrograms $430$430
IX-13 Office expensesPrograms $15,331$15,331
IX-16 OccupancyPrograms $105,616$105,616
IX-19 Conferences, conventions and meetingsPrograms $2,022$2,022
IX-22 Depreciation, depletion and amortizationPrograms $43,814$43,814
IX-23 InsurancePrograms $2,373$2,373
IX-24 Other expenses (24a–d)Programs $183,888$183,888
IX-25 Total functional expensesPrograms $353,474 · Management $0 · Fundraising $0$353,474
Part X · Balance sheet $965,465 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $97,545$158,409
X-2 Savings and temporary cash investmentsStart of year $61,627$56,883
X-10c Land, buildings and equipment, netStart of year $553,431$509,617
X-11 Publicly traded securitiesStart of year $241,028$240,556
X-16 Total assetsStart of year $953,631$965,465
X-24 Unsecured notes and loans payableStart of year $100,000$75,000
X-26 Total liabilitiesStart of year $100,000$75,000
X-32 Total net assets or fund balancesStart of year $853,631$890,465
X-33 Total liabilities and net assetsStart of year $953,631$965,465
Part XI · Reconciliation of net assets $890,465 net assets at year end
XI-1 Total revenue$390,308
XI-2 Total expenses$353,474
XI-3 Revenue less expenses$36,834
XI-4 Net assets at start of year$853,631
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$890,465

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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