Optimist International Foundation
- Assets
- $12.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 08/1971
- Data as of
- 09/2023
- EIN
- 23-7102928
Organization Overview
Optimist International Foundation is located in St Louis, MO. The organization was established in 1971. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Optimist International Foundation 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 09/2023, Optimist International Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 1.3% per year over the past 8 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.
Since 2015, Optimist International Foundation has awarded 129 individual grants totaling $2,409,721. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE EFFORTS OF OPTIMIST INTERNATIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE, LITERARY, AND EDUCATIONAL PROGRAMS, WHICH INCLUDE GRANTS TO EXEMPT ORGANIZATIONS TO ASSIST WITH PUBLICATION COSTS FOR MAGAZINES AND ARTICLES (WHICH ARE DISTRIBUTED TO THE ORGANIZATION'S CONSTITUENTS), SEMINARS AND TRAINING FOR MEMBERS OF OTHER EXEMPT ORGANIZATIONS, GRANT WRITING PROGRAM, INTERNATIONAL INITIATIVES AND MATCHING GRANTS.
YOUTH CLUB PROGRAMS: SCHOLARSHIPS TO SUPPORT YOUTH CLUB PROGRAMS AND ACTIVITIES. TOTAL EXPENSES FOR THE YEAR ENDED SEPTEMBER 30, 2023, AMOUNTED TO $135,000, ALL OF WHICH WERE SCHOLARSHIPS MADE TO INDIVIDUALS LIVING INSIDE THE UNITED STATES.ESSAY CONTEST SCHOLARSHIPS PROGRAM: AN ANNUAL COMPETITION FOR HIGH SCHOOL STUDENTS WITH APPROXIMATELY 3,893 ENTRANTS. SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS LIVING IN THE UNITED STATES. TOTAL EXPENSES FOR THE YEAR ENDED SEPTEMBER 30, 2023, AMOUNTED TO $97,500, ALL OF WHICH WERE SCHOLARSHIPS.COMMUNICATIONS CONTEST FOR THE DEAF AND HARD OF HEARING SCHOLARSHIPS PROGRAM (CCDHH): A PROGRAM THAT AWARDS SCHOLARSHIPS TO DISTRICT WINNERS. SCHOLARSHIPS ARE AWARDED TO EACH INDIVIDUAL WINNER AND ARE PAYABLE UPON RECEIPT OF THE CORRECT PAPERWORK FROM AN INSTITUTION OF HIGHER LEARNING. TOTAL EXPENSES FOR THE YEAR ENDED SEPTEMBER 30, 2023, AMOUNTED TO $42,500, ALL OF WHICH WERE SCHOLARSHIPS MADE TO INDIVIDUALS.
ORATORICAL CONTEST SCHOLARSHIPS: AN ANNUAL SPEECH COMPETITION WITH OVER 10,186 ENTRANTS. SCHOLARSHIPS ARE AWARDED IN DISTRICT LEVEL CONTESTS IN THE UNITED STATES. TOTAL EXPENSES FOR THE YEAR ENDED SEPTEMBER 30, 2023 AMOUNTED TO $244,000, ALL OF WHICH WERE SCHOLARSHIPS.
CLUB GRANT PROGRAMS: GRANTS FOR MEMBER CLUBS UTILIZED FOR CHARITABLE, LITERARY AND EDUCATIONAL PROGRAMS AT THE DIRECTION OF THE FOUNDATION IN CONJUNCTION WITH SUPPORT FROM THE MEMBER CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Merritt President | OfficerTrustee | 5 | $0 |
Teri Davis President-Elect | OfficerTrustee | 5 | $0 |
Ben Deremer Treasurer | OfficerTrustee | 5 | $0 |
Jim Kondrasuk Director | Trustee | 5 | $0 |
Fatima Plater Director | Trustee | 5 | $0 |
Craig Boring Secretary/ Executive Director | Officer | 40 | $115,246 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,329,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,329,577 |
| Total Program Service Revenue | $0 |
| Investment income | $447,101 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,778,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $706,881 |
| Grants and other assistance to domestic individuals. | $369,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,894 |
| Compensation of current officers, directors, key employees. | $34,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,718 |
| Pension plan accruals and contributions | $9,632 |
| Other employee benefits | $2,555 |
| Payroll taxes | $17,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $77,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $31,744 |
| Information technology | $21,813 |
| 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 | $43,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $772 |
| Insurance | $0 |
| All other expenses | $9,779 |
| Total functional expenses | $1,644,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,332 |
| Savings and temporary cash investments | $634,994 |
| Pledges and grants receivable | $120,374 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $273,424 |
| Inventories for sale or use | $24,864 |
| Prepaid expenses and deferred charges | $9,122 |
| Net Land, buildings, and equipment | $29,537 |
| Investments—publicly traded securities | $10,022,477 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,281 |
| Total assets | $11,982,405 |
| Accounts payable and accrued expenses | $934,285 |
| Grants payable | $1,374,041 |
| Deferred revenue | $0 |
| 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 | $3,007,987 |
| Total liabilities | $5,316,313 |
| Net assets without donor restrictions | $1,552,849 |
| Net assets with donor restrictions | $5,113,243 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $11,982,405 |
Grants Awarded
Over the last fiscal year, Optimist International Foundation has awarded $185,651 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
OPTIMIST CLUB OF DANVILLE VA PURPOSE: ORATORICAL CONTEST | $12,000 |
OPTIMIST CLUB OF FESTUS-CRYSTAL CITY (TCA) MO PURPOSE: ORATORICAL & ESSAY CONTEST; JOI CLUB | $12,050 |
OPTIMIST CLUB OF DENVER- MONACO SOUTH CO PURPOSE: JR. GOLF | $7,135 |
OPTIMIST CLUB OF TERRE HAUTE IN PURPOSE: CLOTHE-A-CHILD; JR. GOLF | $5,530 |
OPTIMIST CLUB OF WINTER HAVEN FL PURPOSE: SANTA'S RUN FOR OUR KIDS | $12,000 |
OPTIMIST CLUB OF MIAMI BEACH NORTH SHORE FL PURPOSE: FOOTBALL PROGRAM INTERCITY | $65,000 |