Optimist International FY2020 filing

Not tax-deductible

Morehead, KY501(c)(4)EIN 61-6038425

To provide youth services in rowan county.

61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $40K a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$237K
Spent
$216K
To programs
61%
Net assets
$423K
By yearFY2020–FY2024
Revenue
$237K
FY2020
Revenue by fiscal year
FY2020$237K
FY2021$397K
FY2022$203K
FY2023$288K
FY2024$334K
Expenses
$216K
FY2020
Expenses by fiscal year
FY2020$216K
FY2021$264K
FY2022$254K
FY2023$263K
FY2024$260K
Net assets
$423K
FY2020
Net assets by fiscal year
FY2020$423K
FY2021$557K
FY2022$506K
FY2023$530K
FY2024$605K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 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 Feb 1966.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $132K Management & general 39% · $84K

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Optimist International 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

Helps young people in Rowan County.

Provided by the organization

This section is blank until Optimist International claims this page.

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2 program services account for $132K of program spending, described in the organization's own filed words · FY2020.
01

Provided scholarship, athletic, educational, and support services for children in rowan county through donations to various youth service organizations and school groups.

$132Kprogram expense
02

Supporting causes for 18 and under youth.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$24K
Grants paid · 15 grants · $481K · 2020–2024
Unitemized GrantFY2024$176,184
Unitemized GrantFY2023$207,466
Rcshs SpeechFY2022$6,975
Rcshs TheaterFY2022$6,000
Wal-Mart (shop with a Cop)FY2022$5,826
American Legion Post 126FY2021$17,675
Morehead Shop with a CopFY2021$6,801
Rcshs Girls BasketballFY2021$6,600
Legacy SoftballWI · FY2021$6,600
Rodburn AutismFY2021$6,450
Gateway Child AdvocacyFY2021$6,000
Dynamite TwistersFY2021$5,550
Rcms 8th Grade DC TripFY2020$10,000
Rodburn AutismFY2020$6,750
Cave Run MuskiesFY2020$6,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$237K
Ln 12
Other incomeLn 4–11$192K
Investment incomeLn 3$37K
Gifts and grantsLn 1h$8K
Money outPt IX
$216K
Ln 25
Programscol B$132K
Managementcol C$84K
Owns and owesPt X
$423K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$423K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Fees for servicesLn 2g$642
Investment incomeLn 3$37K
Other incomeLn 4–11$192K
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$20K
Cash and savings togetherLn 1–2$49K
Other assetsLn 15$360K
Total assetsLn 16$423K
LiabilitiesLn 26$0
Net assetsLn 32$423K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6816
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 FY20End FY20
Cash and savingsLn 1–2$72K$49K
Total assetsLn 16$403K$423K
LiabilitiesLn 26$0$0
Net assetsLn 32$403K$423K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$132K$132K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$8K$8K
Payments to affiliatesLn 21$2K$2K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$30K$30K
Total functional expensesLn 25$216K$132K$84K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $334K$260K$74K$605K 990 PDF
FY2023 $288K$263K$25K$530K 990 PDF
FY2022 $203K$254K−$51K$506K 990 PDF
FY2021 $397K$264K$133K$557K 990 PDF
FY2020 Viewing $237K$216K$21K$423K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $236,930 across 6 lines filed
Lines not itemized here account for $191,748 of total revenue; see the IRS return.
VIII-1b Membership dues$1,074
VIII-1f All other contributions, gifts and grants$6,780
VIII-1h Total contributions, gifts and grants$7,854
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $642$642
VIII-3 Investment incomeRelated to mission $36,686$36,686
VIII-12 Total revenueRelated to mission $229,076$236,930
Part IX · Statement of functional expenses $216,094 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $132,040$132,040
IX-11c Accounting feesManagement $13,062$13,062
IX-12 Advertising and promotionManagement $5,618$5,618
IX-13 Office expensesManagement $8,003$8,003
IX-21 Payments to affiliatesManagement $1,833$1,833
IX-23 InsuranceManagement $26,021$26,021
IX-24 Other expenses (24a–d)Management $29,517$29,517
IX-25 Total functional expensesPrograms $132,040 · Management $84,054 · Fundraising $0$216,094
Part X · Balance sheet $423,423 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $63,585$28,433
X-2 Savings and temporary cash investmentsStart of year $8,410$20,430
X-8 Inventories for sale or useStart of year $10,757$14,061
X-15 Other assetsStart of year $319,835$360,499
X-16 Total assetsStart of year $402,587$423,423
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $402,587$423,423
X-32 Total net assets or fund balancesStart of year $402,587$423,423
X-33 Total liabilities and net assetsStart of year $402,587$423,423
Part XI · Reconciliation of net assets $423,423 net assets at year end
XI-1 Total revenue$236,930
XI-2 Total expenses$216,094
XI-3 Revenue less expenses$20,836
XI-4 Net assets at start of year$402,587
XI-10 Net assets at end of year$423,423

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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