Options Inc
- Assets
- $664.8k
- Revenue
- $644.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Morganton, NC
- Founding
- 04/1985
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Options Inc generated $644.1k 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 $598.1k during the year ending 06/2023. While expenses have increased by 4.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Greg Mastin President | OfficerTrustee | 2 | $0 |
Georgia Collett 1st Vice President | OfficerTrustee | 2 | $0 |
Leslie Mull 2nd Vice President | OfficerTrustee | 2 | $0 |
Carol Austin Treasurer | OfficerTrustee | 2 | $0 |
Olga Propst Secretary | OfficerTrustee | 2 | $0 |
Kim Bradley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $320,339 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,756 |
| 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 | $40,331 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,087 |
| 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 | $258,907 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,347 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,630 |
| Advertising and promotion | $0 |
| Office expenses | $17,673 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,499 |
| Travel | $4,947 |
| 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 | $19,457 |
| Insurance | $31,299 |
| All other expenses | $16,607 |
| Total functional expenses | $598,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,198 |
| 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 | $162,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $664,788 |
| Accounts payable and accrued expenses | $16,083 |
| Grants payable | $0 |
| Deferred revenue | $61,733 |
| 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 | $77,816 |
| Net assets without donor restrictions | $569,002 |
| Net assets with donor restrictions | $17,970 |
| 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 | $664,788 |