Optimist International FY2021 filing

Not tax-deductible

Morehead, KY501(c)(4)EIN 61-6038425Revenue $397K in FY2021

On file with the IRSPo Box 63, 40351-0063 · Morehead, KYTax-exempt since Feb 1966

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To provide youth services in rowan county.

62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · 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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
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
$5K
0.9% of total assets
Looks good: liabilities are 1% 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
$397K
+68% vs prior year
Spent
$264K
To programs
62%
Net assets
$557K
By yearFY2020–FY2024
Revenue
$397K
FY2021▲ +68%
Tap a bar for its year
Revenue by fiscal year
FY2020$237K
FY2021$397K
FY2022$203K
FY2023$288K
FY2024$334K
Expenses
$264K
FY2021▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$216K
FY2021$264K
FY2022$254K
FY2023$263K
FY2024$260K
Net assets
$557K
FY2021▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$423K
FY2021$557K
FY2022$506K
FY2023$530K
FY2024$605K

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 Feb 1966.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $164K Management & general 38% · $100K

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

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.

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Provided by the organization

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2 programs · $164K · in their own filed words · FY2021
01

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

$164Kprogram expense
02

Supporting causes for 18 and under youth.

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 · 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
Individual RecipientFY2022$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
Individual RecipientFY2021$6,450
Individual RecipientFY2021$6,000
Individual RecipientFY2021$5,550
Rcms 8th Grade DC TripFY2020$10,000
Individual RecipientFY2020$6,750
Individual RecipientFY2020$6,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$397K
Ln 12
Other incomeLn 4–11$314K
Investment incomeLn 3$48K
Gifts and grantsLn 1h$34K
Money outPt IX
$264K
Ln 25
Programscol B$164K
Managementcol C$100K
Owns and owesPt X
$557K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$562K
LiabilitiesLn 26$5K
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$34K
Fees for servicesLn 2g$2K
Investment incomeLn 3$48K
Other incomeLn 4–11$314K
Total revenueLn 12$397K
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$17K
Cash and savings togetherLn 1–2$79K
Other assetsLn 15$472K
Total assetsLn 16$562K
LiabilitiesLn 26$5K
Net assetsLn 32$557K
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 FY21End FY21
Cash and savingsLn 1–2$49K$79K
Total assetsLn 16$423K$562K
LiabilitiesLn 26$0$5K
Net assetsLn 32$423K$557K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$164K$164K
Accounting feesLn 11c$18K$18K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$15K$15K
Payments to affiliatesLn 21$4K$4K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$30K$30K
Total functional expensesLn 25$264K$164K$100K$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 Viewing $397K$264K$133K$557K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $397,054 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,854$33,723
I-9 Program service revenuePrior year $642$1,639
I-10 Investment incomePrior year $36,686$47,542
I-11 Other revenuePrior year $191,748$314,150
I-12 Total revenuePrior year $236,930$397,054
I-13 Grants and similar amounts paidPrior year $132,040$163,910
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $84,054$99,755
I-18 Total expensesPrior year $216,094$263,665
I-19 Revenue less expensesPrior year $20,836$133,389
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $397,054 across 6 lines filed
Lines not itemized here account for $314,150 of total revenue; see the IRS return.
VIII-1b Membership dues$2,620
VIII-1f All other contributions, gifts and grants$31,103
VIII-1h Total contributions, gifts and grants$33,723
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,639$1,639
VIII-3 Investment incomeRelated to mission $47,542$47,542
VIII-12 Total revenueRelated to mission $363,331$397,054
Part IX · Statement of functional expenses $263,665 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $163,910$163,910
IX-11c Accounting feesManagement $18,358$18,358
IX-12 Advertising and promotionManagement $9,309$9,309
IX-13 Office expensesManagement $14,782$14,782
IX-21 Payments to affiliatesManagement $3,951$3,951
IX-23 InsuranceManagement $23,140$23,140
IX-24 Other expenses (24a–d)Management $30,215$30,215
IX-25 Total functional expensesPrograms $163,910 · Management $99,755 · Fundraising $0$263,665
Part X · Balance sheet $561,814 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $28,433$61,808
X-2 Savings and temporary cash investmentsStart of year $20,430$17,347
X-8 Inventories for sale or useStart of year $14,061$10,166
X-15 Other assetsStart of year $360,499$472,493
X-16 Total assetsStart of year $423,423$561,814
X-17 Accounts payable and accrued expenses$5,002
X-26 Total liabilitiesStart of year $0$5,002
X-27 Net assets without donor restrictionsStart of year $423,423$556,812
X-32 Total net assets or fund balancesStart of year $423,423$556,812
X-33 Total liabilities and net assetsStart of year $423,423$561,814
Part XI · Reconciliation of net assets $556,812 net assets at year end
XI-1 Total revenue$397,054
XI-2 Total expenses$263,665
XI-3 Revenue less expenses$133,389
XI-4 Net assets at start of year$423,423
XI-10 Net assets at end of year$556,812

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

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