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Optimist International FY2022 filing

Not tax-deductible

Morehead, KY501(c)(4)EIN 61-6038425Revenue $203K in FY2022

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.

65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 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
$203K
-49% vs prior year
Spent
$254K
To programs
65%
Net assets
$506K
By yearFY2020–FY2024
Revenue
$203K
FY2022▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2020$237K
FY2021$397K
FY2022$203K
FY2023$288K
FY2024$334K
Expenses
$254K
FY2022▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$216K
FY2021$264K
FY2022$254K
FY2023$263K
FY2024$260K
Net assets
$506K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$423K
FY2021$557K
FY2022$506K
FY2023$530K
FY2024$605K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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

65 cents of each dollar spent went to programs.

Program services 65% · $165K Management & general 35% · $89K

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
Jackie Cooper
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
James Fluty
Vice Preside
$0Pt VII · Sec A
Wes Holland
Director
$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.

Questions for Optimist International

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Provided by the organization

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2 programs · $165K · in their own filed words · FY2022
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.

$425program expense

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
Blue Grass Community Foundation INCFY2024$24K
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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$203K
Ln 12
Other incomeLn 4–11$180K
Gifts and grantsLn 1h$22K
Fees for servicesLn 2g$794
Money outPt IX
$254K
Ln 25
Programscol B$165K
Managementcol C$89K
Owns and owesPt X
$506K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$506K
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$22K
Fees for servicesLn 2g$794
Investment incomeLn 3−$64K
Other incomeLn 4–11$180K
Total revenueLn 12$203K
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$51K
Other assetsLn 15$451K
Total assetsLn 16$506K
LiabilitiesLn 26$0
Net assetsLn 32$506K
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 FY22End FY22
Cash and savingsLn 1–2$79K$51K
Total assetsLn 16$562K$506K
LiabilitiesLn 26$5K$0
Net assetsLn 32$557K$506K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$164K$164K
Grants to domestic individualsLn 2$425$425
Accounting feesLn 11c$14K$14K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$11K$11K
Payments to affiliatesLn 21$4K$4K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$254K$165K$89K$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 Viewing $203K$254K−$51K$506K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $202,774 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $33,723$21,935
I-9 Program service revenuePrior year $1,639$794
I-10 Investment incomePrior year $47,542−$63,750
I-11 Other revenuePrior year $314,150$243,795
I-12 Total revenuePrior year $397,054$202,774
I-13 Grants and similar amounts paidPrior year $163,910$164,788
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $99,755$89,220
I-18 Total expensesPrior year $263,665$254,008
I-19 Revenue less expensesPrior year $133,389−$51,234
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 $202,774 across 6 lines filed
Lines not itemized here account for $243,795 of total revenue; see the IRS return.
VIII-1b Membership dues$3,639
VIII-1f All other contributions, gifts and grants$18,296
VIII-1h Total contributions, gifts and grants$21,935
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $794$794
VIII-3 Investment incomeRelated to mission −$63,750−$63,750
VIII-12 Total revenueRelated to mission $180,839$202,774
Part IX · Statement of functional expenses $254,008 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $164,363$164,363
IX-2 Grants to domestic individualsPrograms $425$425
IX-11c Accounting feesManagement $14,470$14,470
IX-12 Advertising and promotionManagement $2,424$2,424
IX-13 Office expensesManagement $11,346$11,346
IX-21 Payments to affiliatesManagement $3,921$3,921
IX-23 InsuranceManagement $26,333$26,333
IX-24 Other expenses (24a–d)Management $30,726$30,726
IX-25 Total functional expensesPrograms $164,788 · Management $89,220 · Fundraising $0$254,008
Part X · Balance sheet $505,578 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $61,808$45,071
X-2 Savings and temporary cash investmentsStart of year $17,347$5,960
X-8 Inventories for sale or useStart of year $10,166$3,958
X-15 Other assetsStart of year $472,493$450,589
X-16 Total assetsStart of year $561,814$505,578
X-26 Total liabilitiesStart of year $5,002$0
X-27 Net assets without donor restrictionsStart of year $556,812$505,578
X-32 Total net assets or fund balancesStart of year $556,812$505,578
X-33 Total liabilities and net assetsStart of year $561,814$505,578
Part XI · Reconciliation of net assets $505,578 net assets at year end
XI-1 Total revenue$202,774
XI-2 Total expenses$254,008
XI-3 Revenue less expenses−$51,234
XI-4 Net assets at start of year$556,812
XI-10 Net assets at end of year$505,578

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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