Option Institute And Fellowship
- Assets
- $2.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Sheffield, MA
- Founding
- 05/2006
- Data as of
- 12/2023
- EIN
- 04-2780755
Organization Overview
Option Institute And Fellowship is located in Sheffield, MA. The organization was established in 2006. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Option Institute And Fellowship employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Option Institute And Fellowship 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 12/2023, Option Institute And Fellowship generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALL PROGRAMS & SERVICES HELP INDIVIDUALS FIND CLARITY,COMFORT & SELF EMPOWERMENT (AND A SENSE OF INNER FAITH)IN THE FACE OF DIFFICULT & TRAUMATIC PERSONAL AND/OR FAMILY CHALLENGES,ALSO WORKS WITH FAMILIES & THEIR CHILDREN WITH AUTISM TO IMPROVE THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SON-RISE PROGRAM,GROUP PROGRAMS SEE SCHEDULE ATTACHED
ADULT GROUP PROGRAMS SEE SCHDULE ATTACHED
SON-RISE PROGRAM ON LINE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Lousion Ceo/vice Presid | Officer | 40 | $105,230 |
Kelly Healey Cfo/treasurer | Officer | 40 | $67,837 |
Rachel Myers Secretary | Officer | 40 | $42,258 |
Susan M Kaufman Director | OfficerTrustee | 40 | $24,241 |
Barry Neil Kaufman President | OfficerTrustee | 40 | $24,181 |
Dave Bambach Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $486,855 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,855 |
| Total Program Service Revenue | $1,278,717 |
| Investment income | $27,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,344 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,796,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $86,241 |
| Grants and other assistance to Foreign Orgs/Individuals | $58,245 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $258,093 |
| Compensation of current officers, directors, key employees. | $179,655 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $910,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,715 |
| Payroll taxes | $94,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,441 |
| Fees for services: Accounting | $30,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,314 |
| Fees for services: Other | $0 |
| Advertising and promotion | $80,038 |
| Office expenses | $2,185 |
| Information technology | $109,557 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,264 |
| Insurance | $141,871 |
| All other expenses | $31,878 |
| Total functional expenses | $2,315,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,278,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,032 |
| Net Land, buildings, and equipment | $1,389,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,711,911 |
| Accounts payable and accrued expenses | $82,185 |
| Grants payable | $0 |
| Deferred revenue | $171,154 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $253,339 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,458,572 |
| Total liabilities and net assets/fund balances | $2,711,911 |