Optimist International
- Assets
- $43.1k
- Revenue
- $17.4k
- Investments
- $0.0
- Employees
- 1
- Location
- New Ulm, MN
- Founding
- 07/1958
- Data as of
- 09/2023
- EIN
- 41-1925076
Organization Overview
Optimist International is located in New Ulm, MN. The organization was established in 1958. According to its NTEE Classification (O51) the organization is classified as: Youth Community Service Clubs, under the broad grouping of Youth Development and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Optimist International is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Optimist International generated $17.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $16.8k during the year ending 09/2023. While expenses have increased by 2.1% 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.
Since 2018, Optimist International has awarded 24 individual grants totaling $187,047. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE AND EDUCTIONAL PURPOSES TO DEVELOP OPTIMISM AS A PHILOSOPHY OF LIFE, UTILIZING THE TENETS OF THE OPTIMIST CREED; TO PROMOTE AN ACTIVE INTEREST IN GOOD GOVERNMENTS AND CIVIC AFFAIRS; TO INSPIRE RESPECT FOR THE LAW; TO PROMOTE PATRIOTISM AND WORK FOR INTERNATIONAL ACCORD AND FRIENDSHIP AMONG ALL PEOPLE; 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO LOCAL NONPROFIT ORGANIZATIONS, NEEDY INDIVIDUALS, YOUTH PROGRAMS AND SCHOLARSHIPS WHICH BENEFIT MANY PEOPLE AND KIDS IN THE COMMUNITY IN THE AMOUNT OF $23,031 INCLUDED IN LAWFUL GAMBLING EXPENSES.
CONTRIBUTIONS TO OPTIMIST INTERNATIONAL & MEETING EXPENSES FOR YOUTH ACTIVITIES ACROSS THE COUNTRY.
DONATIONS TO THE CITY OF NEW ULM, BROWN COUNTY, AND NEW ULM AREA SCHOOLS IN SUPPORT OF VARIOUS PROGRAMS SUCH AS REACH OUT FOR WARMTH, LIBRARY, PARK AND REC, SAFETY PATROL, AND POST-PROM. MANY LOCAL RESIDENTS AND CHILDREN AFFECTED- $43,376 INCLUDING IN LAWFUL GAMBLING EXPENSES.
REACHING OUT TO LOCAL YOUTH THROUGH SPECIAL OPTIMIST PROGRAMS SUCH AS ORATORICAL CONTEST, ESSAY CONTEST, VISUAL ARTS CONTEST, PHOTO CONTEST, BOY SCOUTS, YOUTH POWER, AND HONORS BREAKFAST. ALSO CANCER PROJECT FOR VICTIMS OF CANCER- $6,292 INCLUDED IN LAWFUL GAMBLING EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Rieke Director | Trustee | 1 | $0 |
Ellie Sveine Director | Trustee | 1 | $0 |
Dan Juni Director | Trustee | 1 | $0 |
Michael Henle President | Officer | 4 | $0 |
Liz Altmann Secretary | Officer | 2 | $0 |
Cindy Bode Treasurer | Officer | 2 | $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 | $1,439 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,439 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,768 |
| Net Income from Gaming Activities | -$4,775 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,451 |
| 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 | $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 | $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 | $1,226 |
| Office expenses | $596 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,441 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,500 |
| Savings and temporary cash investments | $38,561 |
| 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 | $43,061 |
| Accounts payable and accrued expenses | $2,083 |
| 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 | $2,083 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $40,978 |
| Total liabilities and net assets/fund balances | $43,061 |
Grants Awarded
Over the last fiscal year, Optimist International has awarded $35,751 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ULM SCHOOL DISTRICT #88 PURPOSE: DONATIONS FOR UNBUDGETED PROJECTS. | $8,725 |
ST PAUL'S LUTHERAN SCHOOL PURPOSE: DONATIONS FOR SCHOOL EVENTS AND NINJA COURSE. | $15,526 |
BROWN COUNTY HUMAN SERVICES PURPOSE: DONATIONS IN SUPPORT OF NEEDY PEOPLE. | $11,500 |