Options Inc
- Assets
- $578.9k
- Revenue
- $634.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Morganton, NC
- Founding
- 04/1985
- Data as of
- 06/2021
- EIN
- 58-1599166
Organization Overview
Options Inc is located in Morganton, NC. The organization was established in 1985. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2021, Options Inc employed 6 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 06/2021, Options Inc generated $634.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $603.9k during the year ending 06/2021. While expenses have increased by 5.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST VICTIMS OF CRIME BY PROVIDING THEM WITH SUPPORT, INFORMATION AND ADVOCACY AS THEY MOVE THROUGH THE CRIMINAL JUSTICE PROCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST VICTIMS OF CRIME BY PROVIDING VICTIMS WITH SUPPORT AND INFORMATION. SERVICES INCLUDE 24 HR HOTLINE, VICTIM STABILIZATION AND RESOURCE MOBILIZATION, SAFE SHELTER, AND COUNSELING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristy Graf Executive Director | OfficerTrustee | 40 | $49,298 |
Kim Bradley President | OfficerTrustee | 2 | $0 |
Jennifer Icard-Abernethy Secretary | OfficerTrustee | 2 | $0 |
Robin Rosman Treasurer | OfficerTrustee | 2 | $0 |
Richard Hinceman 1st Vice President | OfficerTrustee | 2 | $0 |
Greg Mastin 2nd Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $380,669 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,334 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $635,003 |
| Total Program Service Revenue | $0 |
| 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 | -$797 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $634,206 |
| 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 | $265,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,861 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,840 |
| Advertising and promotion | $0 |
| Office expenses | $4,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,811 |
| Travel | $1,732 |
| 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 | $21,888 |
| Insurance | $21,542 |
| All other expenses | $23,607 |
| Total functional expenses | $603,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,095 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,272 |
| 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 | $15,126 |
| Net Land, buildings, and equipment | $201,413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $578,906 |
| Accounts payable and accrued expenses | $19,957 |
| Grants payable | $0 |
| Deferred revenue | $38,452 |
| 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 | $58,409 |
| Net assets without donor restrictions | $507,977 |
| Net assets with donor restrictions | $12,520 |
| 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 | $578,906 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Options Inc has recieved totaling $38,509.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Burke County Morganton, NC PURPOSE: HUMAN SERVICES | $29,432 |
Huffman-Cornwell Foundation Raleigh, NC PURPOSE: GENERAL | $7,500 |
Leviton Foundation Inc-New York Melville, NY PURPOSE: GRANTS FOR RELIGIOUS, MEDICAL OR EDUCATIONAL PURPOSES | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $77 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amyotrophic Lateral Sclerosis Assn Arlington, VA | $98,343,083 | $39,792,803 |
Multiple Sclerosis Center Of Georgia Inc Atlanta, GA | $14,597,977 | $12,400,152 |
National Osteoporosis Foundation Arlington, VA | $8,108,231 | $4,451,574 |
Amyotrophic Lateral Sclerosis Association Raleigh, NC | $3,676,425 | $2,631,845 |
American Cleft Palate-Craniofacial Association Chapel Hill, NC | $4,385,249 | $2,071,636 |
Amyotrophic Lateral Sclerosis Association Brentwood, TN | $1,027,246 | $1,172,897 |
National Commission On Orthotic And Prosthetic Education Inc Alexandria, VA | $3,165,139 | $1,303,800 |
Virginia Gentlemens Foundation Inc Virginia Beach, VA | $9,341,896 | $926,664 |
Options Inc Morganton, NC | $578,906 | $634,206 |
Next Step Atlanta Inc Alpharetta, GA | $246,220 | $603,149 |
Reston Town Center Joint Committee Manassas, VA | $1,676,760 | $735,316 |
National Caucus & Ctr On Black Aged Housing Serv Of Ms Iv Inc Memphis, TN | $1,942,390 | $371,072 |