Civic Intelligence

Project Optimism Inc

990 • Fiscal year 2020 • EIN 82-1542836

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 30, 2021

2821 River Plaza Dr 28Sacramento, CA 95833

(916) 621-7406

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.23x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.13x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

72nd percentile

22%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$30,950

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 26.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$66,900

No earlier filing loaded for comparison.

Net Assets

$51,650

No earlier filing loaded for comparison.

Liabilities

$15,250

No earlier filing loaded for comparison.

Revenue

$118,588

No earlier filing loaded for comparison.

Expenses

$92,190

No earlier filing loaded for comparison.

Net Income

$26,398

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2020: $66,900Liabilities 2020: $15,250Net Assets 2020: $51,6502020Assets 2021: $245,966Liabilities 2021: $17,154Net Assets 2021: $228,8122021Assets 2022: $2,321Liabilities 2022: $15,058Net Assets 2022: -$12,7372022Assets 2023: $203,560Liabilities 2023: $15,250Net Assets 2023: $188,3102023Assets 2024: $609,565Liabilities 2024: $29,908Net Assets 2024: $579,6572024Assets 2025: $669,413Liabilities 2025: $101,894Net Assets 2025: $567,5192025

Highlighted filing

2020

Assets$66,900
Liabilities$15,250
Net Assets$51,650

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2020: $118,588Expenses 2020: $92,190Net Income 2020: $26,3982020Revenue 2021: $645,461Expenses 2021: $482,046Net Income 2021: $163,4152021Revenue 2022: $764,922Expenses 2022: $992,402Net Income 2022: -$227,4802022Revenue 2023: $346,512Expenses 2023: $422,301Net Income 2023: -$75,7892023Revenue 2024: $1,513,651Expenses 2024: $1,127,724Net Income 2024: $385,9272024Revenue 2025: $1,573,040Expenses 2025: $1,634,354Net Income 2025: -$61,3142025

Highlighted filing

2020

Revenue$118,588
Expenses$92,190
Net Income$26,398
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 30, 2021
Return Version
2020v4.1
Gross Receipts
$118,588
Mission and Program Overview

Mission

Project Optimism, Inc. is a 501c3 organization that fosters optimism through personal and professional development services and community engagement.

Organization that fosters optimism through personal and professional services and community engagement

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,502$59,897▲ $39,395
Accounts Receivable$5,500$5,500→ $0
Total Assets$26,002$66,900▲ $40,898
Other Assets Total-$1,503-
Liabilities
Other Liabilities-$15,250-
Total Liabilities$0$15,250▲ $15,250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,002$51,650▲ $25,648
Total Net Assets Fund Balance$26,002$51,650▲ $25,648
Total Liabilities and Net Assets / Fund Balance$26,002$66,900▲ $40,898
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Armoni EasleyCEOFT$30,950$30,950
Revenue and Support

Revenue Composition

Contributions and Grants
$118,588
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$118,588
Change in Net Assets
$26,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$57,475
Other Expenses$23,805
Grants and Similar Amounts Paid$10,910
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$38,250
Other Salaries and Wages---$19,225
Grants to Domestic Individuals$10,910--$10,910
Other Expenses---$9,783
Office Expenses---$4,407
Advertising---$1,763
Travel---$1,290
Insurance---$843
Conferences and Meetings---$504
Fees for Services Legal---$215
Total Functional Expenses$10,910$0$0$92,190
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
Yes
Audit committee
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

990, Part VI, Line 11B

reviewed with CPA and finance committee before

990, Part VI, Line 19

available upon request

Filing and Contact Details

Filer

Filer Name
Project Optimism Inc
EIN
82-1542836
Phone
9166217406
Address
2821 RIVER PLAZA DR 28, SACRAMENTO, CA 95833

Signing Officer

Name
Armoni Easley
Title
CEO
Phone
9166217406
Signed
2021-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Armoni Easley
Formed
2017
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Nelson & Associates
Address
1700 SANTE FE AVE 847, LONG BEACH, CA 90813
Preparer
Jamelle Nelson
Phone
5627887242
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