Options Inc
- Assets
- $6.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 178
- Location
- Big Lake, MN
- Founding
- 09/1980
- Data as of
- 06/2022
- EIN
- 41-1360980
Organization Overview
Options Inc is located in Big Lake, MN. The organization was established in 1980. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Options Inc employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2022, Options Inc generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO PROVIDE SERVICES TO ADULTS WITH DEVELOPMENTAL DISABILITIES AND/OR RELATED CONDITIONS AND THEIR FAMILIES AND IS COMMITTED TO INTEGRATING SUCH PERSONS IT SERVES INTO THE LIFE OF THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED SERVICES TO 224 ADULTS WITH DEVELOPMENTAL DISABILITIES AND/OR RELATED CONDITIONS, THEIR FAMILIES AND THE COMMUNITY BY SUPPORTING THE INDIVIDUAL'S PARTICIPATION IN THE COMMUNITY WITH RESPECT FOR HIS/HER COMPETENCE AND CHOICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Geldert Executive Dir. | Officer | 40 | $112,733 |
Michele Anderson Vice-Chair | OfficerTrustee | 1 | $0 |
Raeanne Danielowski Secretary | OfficerTrustee | 1 | $0 |
Todd Embury Treasurer | OfficerTrustee | 1 | $0 |
Ken Geroux Chairman | OfficerTrustee | 1 | $0 |
Jenny Haberman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $311,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,194 |
| Total Program Service Revenue | $2,885,524 |
| Investment income | $14,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,440,397 |
| 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. | $112,733 |
| Compensation of current officers, directors, key employees. | $13,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,828,648 |
| Pension plan accruals and contributions | $42,148 |
| Other employee benefits | $128,413 |
| Payroll taxes | $184,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,092 |
| Fees for services: Accounting | $9,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,671 |
| Advertising and promotion | $0 |
| Office expenses | $6,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,070 |
| Travel | $837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $221,913 |
| Insurance | $49,106 |
| All other expenses | $69,670 |
| Total functional expenses | $3,088,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,932 |
| Savings and temporary cash investments | $1,456,948 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $369,684 |
| 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 | $22,490 |
| Net Land, buildings, and equipment | $3,265,834 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,052,501 |
| Total assets | $6,409,389 |
| Accounts payable and accrued expenses | $286,470 |
| 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 | $286,470 |
| Net assets without donor restrictions | $6,116,790 |
| Net assets with donor restrictions | $6,129 |
| 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 | $6,409,389 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Options Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Connexus Energy Foundation Ramsey, MN PURPOSE: DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Development Homes Inc Grand Forks, ND | $18,682,508 | $18,220,422 |
Operation Threshold Inc Waterloo, IA | $5,831,083 | $12,392,663 |
Behavior Management Systems Inc Rapid City, SD | $9,062,713 | $9,945,656 |
Hiawatha Homes Inc Rochester, MN | $2,202,889 | $10,124,635 |
Southeastern Minnesota Center For Independent Living Inc Rochester, MN | $15,920,379 | $9,266,306 |
Community Living Alliance Inc Madison, WI | $5,997,811 | $9,392,799 |
Metropolitan Center For Independent Living St Paul, MN | $2,303,590 | $9,187,850 |
Midwest Special Services Inc Saint Paul, MN | $5,903,622 | $9,663,584 |
Tri-County Community Action Partnership Inc Little Falls, MN | $2,453,529 | $8,687,217 |
Agape Of Appleton Inc Appleton, WI | $4,000,924 | $8,761,360 |
Open Arms Of Minnesota Inc Minneapolis, MN | $6,957,182 | $9,202,815 |
Meta House Inc Milwaukee, WI | $6,354,701 | $8,033,351 |