Civic Intelligence

The Optimist Inc

EIN 11-3571622 • 501(c)3 • Long Island City, NY

Profile

CHILD SPONSORSHIP

36-46 37th StreetLong Island City, NY 11101-1606

theoptimists

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE P20 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE P20 • <$500k nonprofits • Source year 2024

Net Margin

23rd percentile

-8.1%

Higher net margin than 23% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE P20 • <$500k nonprofits • Source year 2024

Asset Growth

41st percentile

-4.8%

Faster asset growth than 41% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-18%

Faster revenue growth than 32% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$206,254

Down $6,517 (-3.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$206,254

Down $6,517 (-3.1%) from 2022

Operations
Liabilities / Revenue67th percentileNet Margin23rd percentile

Revenue

Down

$149,002

Down $86,894 (-37%) from 2022

Expenses

Down

$155,517

Down $63,219 (-29%) from 2022

Net Income

Down

-$6,515

Down $23,675 (-138%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2010: $38,584Liabilities 2010: $8,0002010Assets 2011: $27,584Liabilities 2011: $3,0002011Assets 2012: $47,246Liabilities 2012: $3,000Net Assets 2012: $44,2462012Assets 2013: $131,457Liabilities 2013: $109,607Net Assets 2013: $21,8502013Assets 2014: $21,327Liabilities 2014: $0Net Assets 2014: $21,3272014Assets 2015: $147,530Liabilities 2015: $0Net Assets 2015: $147,5302015Assets 2016: $147,530Liabilities 2016: $68,968Net Assets 2016: $78,5622016Assets 2017: $124,703Liabilities 2017: $16,043Net Assets 2017: $108,6602017Assets 2018: $100,668Liabilities 2018: $11,320Net Assets 2018: $89,3482018Assets 2019: $150,817Liabilities 2019: $23,371Net Assets 2019: $127,4462019Assets 2020: $113,581Liabilities 2020: $0Net Assets 2020: $113,5812020Assets 2021: $195,611Liabilities 2021: $94,995Net Assets 2021: $100,6162021Assets 2022: $212,771Liabilities 2022: $0Net Assets 2022: $212,7712022Assets 2023: $206,254Liabilities 2023: $0Net Assets 2023: $206,2542023

Highlighted filing

2023

Assets$206,254
Liabilities$0
Net Assets$206,254
Open 2023 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2010: $58,779Expenses 2010: $28,423Net Income 2010: $30,3562010Revenue 2011: $54,461Expenses 2011: $60,461Net Income 2011: -$6,0002011Revenue 2012: $95,263Expenses 2012: $75,601Net Income 2012: $19,6622012Revenue 2013: $130,357Expenses 2013: $108,507Net Income 2013: $21,8502013Revenue 2014: $177,915Expenses 2014: $200,834Net Income 2014: -$22,9192014Revenue 2015: $175,012Expenses 2015: $165,729Net Income 2015: $9,2832015Revenue 2016: $148,746Expenses 2016: $217,714Net Income 2016: -$68,9682016Revenue 2017: $231,793Expenses 2017: $201,695Net Income 2017: $30,0982017Revenue 2018: $235,911Expenses 2018: $203,900Net Income 2018: $32,0112018Revenue 2019: $217,921Expenses 2019: $191,145Net Income 2019: $26,7762019Revenue 2020: $187,481Expenses 2020: $195,506Net Income 2020: -$8,0252020Revenue 2021: $182,646Expenses 2021: $90,092Net Income 2021: $92,5542021Revenue 2022: $235,896Expenses 2022: $218,736Net Income 2022: $17,1602022Revenue 2023: $149,002Expenses 2023: $155,517Net Income 2023: -$6,5152023

Highlighted filing

2023

Revenue$149,002
Expenses$155,517
Net Income-$6,515
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$206,254
Liabilities
$0
Net assets
$206,254
Revenue
$149,002
Expenses
$155,517
Net income
-$6,515
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$1.49$1.56$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$2.36$2.19$0.17
2021Detailed filing. Detailed filing data is available for this year.$1.96$0.95$1.01$1.83$0.90$0.93
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$1.87$1.96$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.51$0.23$1.27$2.18$1.91$0.27
2018Detailed filing. Detailed filing data is available for this year.$1.01$0.11$0.89$2.36$2.04$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.16$1.09$2.32$2.02$0.30
2016Detailed filing. Detailed filing data is available for this year.$1.48$0.69$0.79$1.49$2.18$0.69
2015Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$1.75$1.66$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$1.78$2.01$0.23
2013Detailed filing. Detailed filing data is available for this year.$1.31$1.10$0.22$1.30$1.09$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.03$0.44$0.95$0.76$0.20
2011Summary only. Only limited summary data is available for this year.$0.28$0.03$0.54$0.60$0.06
2010Summary only. Only limited summary data is available for this year.$0.39$0.08$0.59$0.28$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 8, 2024
Return Version
2023v5.1
Gross Receipts
$149,002
Mission and Program Overview

Mission

The optimists inc provides funding for education of children in bangladesh in form of educational expenses including health care, clothing/ uniform, books and partial financial support to the family

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$212,771$206,254▼ $6,517
Total Assets$212,771$206,254▼ $6,517
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$212,771$206,254▼ $6,517
Total Net Assets Fund Balance$212,771$206,254▼ $6,517
Total Liabilities and Net Assets / Fund Balance$212,771$206,254▼ $6,517
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Minhaz AhmedChairman
Shahedul IslamPresident
Mohammed AliVice Chairman
Fatema Uddin RumaVice President
Nick MuqtadirVice President
Shahed Delwar ChowdhuryVice President
Fazla R ChowdhuryDirector Accounting
Hira MiahDirector CSP
Naz ChowdhuryDirector It
Mokarram AhmedDirector Public Relation
Habibur Rahman ChowdhuryDirector Publication
Mohammod Mohakem KhanDirector Ssp
Shamim AhmedAdd Chief Advisor
Sayeed AhmedAdd Secretary General
Muhammed R Chowdhury RanaChief Advisor
Mohammad Abdul WadudExecutive Member
Nazrul IslamExecutive Member
Tarek AlamExecutive Member
Mohammed Mahbube KhanMember Secretary
Mahade Uz ZamanPrincipal Coordinator
Nishad HaqueSecretary General
Amin MehediTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$149,002
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-6,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$126,731
Other Expenses$28,786
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$126,731--$126,731
Fees for Services Other$10,977--$10,977
All Other Expenses$3,634--$3,634
Information Technology$2,319--$2,319
Fees for Services Accounting$1,908--$1,908
Other Expenses$1,406--$1,406
Office Expenses$1,311--$1,311
Conferences and Meetings$1,146--$1,146
Advertising$644--$644
Total Functional Expenses$155,517$0$0$155,517
International Activity

International Summary

Offices
1
Employees
2
Spending
$126,732

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram ServicesEducational Assistan12$126,732
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“All 22 members of the principal executive committee, board of directors & chief advisor & principal coordinator has equal voting rights. In case of a tie, mutual discussion with principal advisor decision will prevail.”

Governing body decisions Part VI line 7B

“All 22 members of the principal executive committee, board of directors & chief advisor & principal coordinator has equal voting rights. In case of a tie, mutual discussion with principal advisor decision will prevail.”

Form 990 governing body review Part VI line 11

“NO REVIEW WAS CONDUCTED.”

Governing documents etc available to public Part VI line 19

“Documents are available to public on request.”

Filing and Contact Details

Filer

Filer Name
The Optimist Inc
EIN
11-3571622
Address
36-46 37TH STREET, LONG ISLAND CITY, NY 11101-1606

Signing Officer

Name
Minhaz Ahmed
Title
Officer
Phone
7187814451
Signed
2024-02-08
Discuss with paid preparer
No

Organization Details

Principal Officer
Minhaz Ahmed
Formed
2010
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
0
Employees
0
Volunteers
50

Preparer

Firm
Ahad & Co Inc
Address
2153 WESTCHESTER AVE SUITE 200, BRONX, NY 10462
Preparer
Ahad Ali CPA
Phone
9293719915
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IRS990/Form990PartVIISectionAGrp/TitleTxt0ADD CHIEF ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRINCIPAL COORDINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR CSP
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR SSP
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY GENERAL
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR IT
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR ACCOUNTING
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR PUBLICATION
IRS990/Form990PartVIISectionAGrp/TitleTxt19ADD SECRETARY GENERAL
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR PUBLIC RELATION
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHAIRMAN
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IRS990/MissionDesc0THE OPTIMISTS INC PROVIDES FUNDING FOR EDUCATION OF CHILDREN IN BANGLADESH IN FORM OF EDUCATIONAL EXPENSES INCLUDING HEALTH CARE, CLOTHING/ UNIFORM, BOOKS AND PARTIAL FINANCIAL SUPPORT TO THE FAMILY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL 22 MEMBERS OF THE PRINCIPAL EXECUTIVE COMMITTEE, BOARD OF DIRECTORS & CHIEF ADVISOR & PRINCIPAL COORDINATOR HAS EQUAL VOTING RIGHTS. IN CASE OF A TIE, MUTUAL DISCUSSION WITH PRINCIPAL ADVISOR DECISION WILL PREVAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL 22 MEMBERS OF THE PRINCIPAL EXECUTIVE COMMITTEE, BOARD OF DIRECTORS & CHIEF ADVISOR & PRINCIPAL COORDINATOR HAS EQUAL VOTING RIGHTS. IN CASE OF A TIE, MUTUAL DISCUSSION WITH PRINCIPAL ADVISOR DECISION WILL PREVAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO PUBLIC ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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