Riverside Optimist Boys Club Inc
- Assets
- $660.4k
- Revenue
- $55.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 09/1976
- Data as of
- 09/2023
- EIN
- 23-7434006
Organization Overview
Riverside Optimist Boys Club Inc is located in Riverside, CA. The organization was established in 1976. According to its NTEE Classification (O21) the organization is classified as: Boys Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Optimist Boys Club Inc 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, Riverside Optimist Boys Club Inc generated $55.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $118.6k during the year ending 09/2023. 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
TO DEVELOP OPTIMISM AS A PHILOSOPHY OF LIFE UTILIZING THE TENETS OF THE OPTIMIST CREED TO AID AND ENCOURAGE THE DEVELOPMENT OF YOUTH IN THE BELIEF THAT THE GIVING OF ONE'S SELF IN SERVICE TO OTHERS WILL ADVANCE THE WELL-BEING OF HUMANKIND, COMMUNITY LIFE AND THE WORLD.THE RIVERSIDE OPTIMIST YOUTH CLUB, A SERVICE ORGANIZATION THAT BENEFITS CHILDREN THROUGH SPECIAL PROJECTS AND FINANCIAL DONATION. THE GOAL OF THE CLUB IS TO BRING OUT THE BEST IN KIDS WHICH IS ACCOMPLISHED BY CONTRIBUTING MONEY AND ASSISTANCE TO LOCAL ELEMENTARY SCHOOLS, BACK PACKS FOR STUDENTS, SCHOLARSHIPS AND MORE. THIS IS DONE WITH THE EXPECTATION THAT BY RECOGNIZING OUTSTANDING ACHIEVEMENT AND SERVICE TO THE YOUTH, OTHERS WILL STRIVE TO DO GREAT THINGS FOR THEMSELVES AND THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 43 INDIVIDUAL SCHOLARSHIPS TO LOCAL STUDENTS PURSUING HIGHER EDUCATION
CONTRIBUTIONS TO COMMUNITY ORGANIZATIONS AND ELEMENTARY SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilbert Heth Director | Trustee | 1 | $0 |
Edward Hunt Secretary | OfficerTrustee | 1 | $0 |
Robert Bahnsen Treasurer | OfficerTrustee | 2 | $0 |
Vernon Hall Director | Trustee | 1 | $0 |
Donna Wolfe President & CEO | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $390 |
| Fundraising events | $538 |
| 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 | $928 |
| Total Program Service Revenue | $0 |
| Investment income | $54,751 |
| 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 | $55,679 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $88,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,010 |
| 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 | $115 |
| Information technology | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,549 |
| Total functional expenses | $118,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,538 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $611,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $660,350 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $1 |
| Total liabilities | $1 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $660,349 |
| 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 | $660,350 |