Option To Success
- Assets
- $408.0k
- Revenue
- $420.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 03/2014
- Data as of
- 12/2021
- EIN
- 37-1662596
Organization Overview
Option To Success is located in Louisville, KY. The organization was established in 2014. According to its NTEE Classification (P73) the organization is classified as: Group Homes, 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. Option To Success 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 12/2021, Option To Success generated $420.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $324.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPTIONAL FAMILY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPTIONAL SERVICES FOR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dionna Readus Director | Trustee | 0 | $0 |
Kalila Brooks Director | Trustee | 0 | $0 |
Quinn Liver Director | Trustee | 0 | $0 |
Carla Hadj Director | Trustee | 0 | $0 |
Sameera Cooper Director | Trustee | 0 | $0 |
Kiara Johnson Director | Trustee | 0 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $420,004 |
| Investment income | $0 |
| 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 | $420,004 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,224 |
| 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 | $0 |
| 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 | $0 |
| 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 | $2,445 |
| All other expenses | $0 |
| Total functional expenses | $323,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,964 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $407,964 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $407,964 |
| 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 | $407,964 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Option To Success has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Louisville Corporate Depository In Louisville, KY PURPOSE: P73 GROUP HOME (LONG-TERM PRIMARILY ASSISTED LIVING) | $5,000 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY PURPOSE: P73 GROUP HOME (LONG-TERM PRIMARILY ASSISTED LIVING) | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Residential Alternatives Of Illinois Inc Galesburg, IL | $80,007,237 | $73,925,677 |
Open Arms Care Corporation Brentwood, TN | $14,259,217 | $57,379,282 |
Buckeye Ranch Grove City, OH | $52,523,955 | $52,506,935 |
Champaign Residential Services Inc Urbana, OH | $32,789,817 | $40,282,333 |
Community Residences Inc Chantilly, VA | $8,965,819 | $35,349,534 |
Maryville Academy Des Plaines, IL | $107,135,163 | $38,590,774 |
Marklund Childrens Home Geneva, IL | $37,575,668 | $32,772,830 |
Koinonia Homes Inc Independence, OH | $28,526,535 | $37,892,187 |
Childrens Home Association Of Illinois Peoria, IL | $56,270,860 | $27,496,004 |
Emmaus Homes Inc St Charles, MO | $38,561,803 | $32,833,294 |
Beverly Farm Foundation Godfrey, IL | $38,503,233 | $44,775,588 |
Columbus Center For Human Services Inc Columbus, OH | $12,984,481 | $25,350,121 |