Options Incorporated
- Assets
- $322.2k
- Revenue
- $37.4k
- Investments
- $316.0k
- Employees
- 0
- Location
- Longmeadow, MA
- Founding
- 06/1981
- Data as of
- 12/2022
- EIN
- 04-2722870
Organization Overview
Options Incorporated is located in Longmeadow, MA. The organization was established in 1981. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Options Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Options Incorporated generated $37.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $24.9k during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Barnhart President | 1 | $0 | |
James G Barnhart Clerk | 0.5 | $0 | |
Shirley Barnhart Treasurer | 0.5 | $0 | |
Anne Barnhart Director | 1 | $0 | |
Sarah Barnhart Director | 0.5 | $0 | |
Christopher Barnhart Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,843 |
| Capital Gain Net Income | $17,843 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $440 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,046 |
| Total operating and administrative expenses | $24,936 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $24,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,278 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $315,956 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $322,234 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |