Jackson Optimist Charitable Fund Inc
- Assets
- $1.4m
- Revenue
- $870.2k
- Investments
- $0.0
- Employees
- 16
- Location
- Jackson, MI
- Founding
- 06/1984
- Data as of
- 08/2023
- EIN
- 38-2520345
Organization Overview
Jackson Optimist Charitable Fund Inc is located in Jackson, MI. The organization was established in 1984. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 08/2023, Jackson Optimist Charitable Fund Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson Optimist Charitable Fund 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 08/2023, Jackson Optimist Charitable Fund Inc generated $870.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $772.2k during the year ending 08/2023. While expenses have increased by 2.2% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RECREATIONAL ACTIVITY FOR THE YOUTH OF THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL ACTIVITY (ICE SKATING) FOR YOUTH OF COMMUNITY - OVER 40,000 YOUTHS SERVED ANNUALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Raduazo Secretary | OfficerTrustee | 1 | $0 |
David Carlson Director | Trustee | 1 | $0 |
Gary Hess Director | Trustee | 1 | $0 |
John Knibloe President | OfficerTrustee | 1 | $0 |
Phil Augustine Treasurer | OfficerTrustee | 1 | $0 |
Kevin Wilcox Director | Trustee | 1 | $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 | $26,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,223 |
| Total Program Service Revenue | $706,169 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,323 |
| 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 | $42,774 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $870,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,855 |
| 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. | $72,801 |
| Compensation of current officers, directors, key employees. | $72,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,896 |
| Payroll taxes | $19,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,940 |
| Office expenses | $5,825 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $220,562 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,996 |
| Interest | $1,266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,154 |
| Insurance | $20,909 |
| All other expenses | $10,502 |
| Total functional expenses | $772,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,872 |
| Savings and temporary cash investments | $110,055 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,911 |
| Prepaid expenses and deferred charges | $4,216 |
| Net Land, buildings, and equipment | $1,214,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,372,921 |
| Accounts payable and accrued expenses | $964 |
| Grants payable | $0 |
| Deferred revenue | $17,572 |
| 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 | $25,873 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,409 |
| 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 | $44,514 |
| Retained earnings, endowment, accumulated income, or other funds | $1,283,998 |
| Total liabilities and net assets/fund balances | $1,372,921 |