Open Options Inc
- Assets
- $927.2k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Lebanon, OH
- Founding
- 11/1987
- Data as of
- 12/2022
- EIN
- 31-1211402
Organization Overview
Open Options Inc is located in Lebanon, OH. The organization was established in 1987. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2022, Open Options Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Options 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 12/2022, Open Options Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 6.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPERVISION TO GROUP HOMES FOR RETARDED AND DEVELOPMENTALLY DISABLED ADULTS, PROVIDING A SAFE & ACTIVE ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPERVISION FOR GROUP HOMES OF RETARDED AND DEVELOPMENTALLY DISABLED ADULTS, PROVIDING A SAFE & ACTIVE ENVIRONMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Johnson Board Member | Trustee | 1 | $0 |
Tom Bausmith Board Member | Trustee | 1 | $0 |
Ethel Kilpatrick Board Member | Trustee | 1 | $0 |
Mark Evans Co-Director | OfficerTrustee | 40 | $0 |
Virginia Combs Co-Director | OfficerTrustee | 40 | $0 |
Meredith Goldie Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $645,381 |
| 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 | $645,381 |
| Total Program Service Revenue | $1,307,378 |
| Investment income | $4,900 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,959,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,592 |
| Compensation of current officers, directors, key employees. | $126,090 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,117,904 |
| Pension plan accruals and contributions | $25,595 |
| Other employee benefits | $38,621 |
| Payroll taxes | $94,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,680 |
| Advertising and promotion | $0 |
| Office expenses | $29,109 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,140 |
| 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 | $20,917 |
| Insurance | $1,172 |
| All other expenses | $1,030 |
| Total functional expenses | $1,733,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,282 |
| 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 | $12,699 |
| Net Land, buildings, and equipment | $212,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $642 |
| Total assets | $927,225 |
| Accounts payable and accrued expenses | $511 |
| 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 | $38,482 |
| Total liabilities | $38,993 |
| Net assets without donor restrictions | $888,232 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $927,225 |