Options Foundation Inc
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 62
- Location
- Baton Rouge, LA
- Founding
- 06/1995
- Data as of
- 06/2023
- EIN
- 72-1260557
Organization Overview
Options Foundation Inc is located in Baton Rouge, LA. The organization was established in 1995. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Options Foundation Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Options Foundation 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 Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 3.4% 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 PROVIDE SERVICES INCLUDING HOUSING, TRANSPORTATION AND EDUCATION FOR INDIVIDUALS WITH BEHAVIORAL AND MENTAL PROBLEMS AND AT RISK YOUTHS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING AND TRANSPORTATION SERVICES TO INDIVIDUALS WITH BEHAVIORAL HEALTH PROBLEMS AT 7 DIFFERENT LOCATIONS IN AND AROUND THE BATON ROUGE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Nettles Executive Dir. | OfficerTrustee | 0 | $205,000 |
Daniel J Mcglynn Director | Trustee | 0 | $0 |
Danielle Honeycutt Secretary | OfficerTrustee | 0 | $0 |
Guy W Oliver Director | Trustee | 0 | $0 |
Donnie Jarreau President & CEO | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $513,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,984 |
| Total Program Service Revenue | $485,691 |
| Investment income | $7,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $135,383 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,144,213 |
| 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. | $205,000 |
| Compensation of current officers, directors, key employees. | $205,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,717 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,424 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,572 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,063 |
| Insurance | $107,330 |
| All other expenses | -$127,644 |
| Total functional expenses | $1,135,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,976 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,700 |
| 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 | $117,325 |
| Net Land, buildings, and equipment | $443,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,511 |
| Total assets | $1,413,802 |
| Accounts payable and accrued expenses | $384,322 |
| 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 | $848,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $842,017 |
| Total liabilities | $2,075,134 |
| Net assets without donor restrictions | -$661,332 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,413,802 |