Optima Foundation Inc

Organization Overview

Optima Foundation Inc is located in Naples, FL. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Optima Foundation Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Optima 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, Optima Foundation Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $3.5m during the year ending 06/2023. While expenses have increased by 49.0% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE ESTABLISHMENT AND EXPANSION OF SUPERIOR QUALITY SCHOOLS OF CHOICE. OUR MISSION IS TO PROVIDE THE MAXIMUM TIME AND RESOURCES TO THE TRUSTED ACADEMIC PROFESSIONALS WHO ARE DOING THE MOST IMPORTANT WORK IN EDUCATION BY DIRECTLY MEETING THE NEEDS OF STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE TIME AND RESOURCES TO ACADEMIC PROFESSIONALS THAT HELP THE NEEDS OF STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Erika Donalds
CEO
$0
Bob Harden
Director
$0
Carol Manning
Director
$0
Louise Penta
Director
$0
Thomas Walsh
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Educator Solutions Inc
Payroll Services
$1,763,592
Westshore Hotel Owner Llc
Venue For Event
$115,000
Optima Management Services
Payroll Services
$143,415
The Ritz Carlton
Venue For Event
$107,928
Endeavor Parent Llc (Harry Walker Agenc
Event Entertainment
$107,240
View All Vendors

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$99,320
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$99,320
Total Program Service Revenue$3,205,076
Investment income $144,196
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $34,627
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,488,835

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