Optimist International
- Assets
- $55.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boone, NC
- Founding
- 01/1960
- Data as of
- 12/2022
- EIN
- 56-6062615
Organization Overview
Optimist International is located in Boone, NC. The organization was established in 1960. 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 12/2022, Optimist International generated $21.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $10.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO AID AND ENCOURAGE THE DEVELOPMENT OF YOUTH THROUGHOUTTHE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Swift President | 3 | $0 | |
Gail Shuford Treasurer | 2 | $0 | |
Mike Salzano Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $18,000 |
| Membership dues | $3,217 |
| Investment income | $25 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,742 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $790 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $217 |
| Other expenses | $9,663 |
| Total expenses | $10,670 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,268 |
| Other assets | $0 |
| Total assets | $55,268 |
| Total liabilities | $0 |
| Net assets or fund balances | $55,268 |