Civic Intelligence

Project Optimism Inc

990 • Fiscal year 2024 • EIN 82-1542836

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 06, 2024

Organization Profileprojectoptimism.org
2815 Gunn RdCarmichael, CA 95608

(916) 621-7406

Siviq Scores

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

Liabilities / Assets

47th percentile

0.05x

Higher debt load relative to assets than 47% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.02x

Higher debt load relative to revenue than 33% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$89,800

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

97th percentile

199%

Faster asset growth than 97% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

337%

Faster revenue growth than 97% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$609,565

Up $406,005 (+199%) from 2023

Net Assets

Up

$579,657

Up $391,347 (+208%) from 2023

Liabilities

Up

$29,908

Up $14,658 (+96%) from 2023

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin78th percentile

Revenue

Up

$1,513,651

Up $1,167,139 (+337%) from 2023

Expenses

Up

$1,127,724

Up $705,423 (+167%) from 2023

Net Income

Up

$385,927

Up $461,716 (+609%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

2024

Assets$609,565
Liabilities$29,908
Net Assets$579,657
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

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

2024

Revenue$1,513,651
Expenses$1,127,724
Net Income$385,927
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 6, 2024
Return Version
2023v5.1
Gross Receipts
$1,513,651
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$2,830$578,746▲ $575,916
Land, Buildings, and Equipment, Net$0$0→ $0
Cap Stk Tr Prin Current Funds$-12,737--
Total Assets$2,321$609,565▲ $607,244
Other Assets Total$-509$30,819▲ $31,328
Liabilities
Other Liabilities$15,058$29,908▲ $14,850
Total Liabilities$15,058$29,908▲ $14,850
Net Assets / Fund Balance
Total Net Assets Fund Balance$-12,737$579,657▲ $592,394
Total Liabilities and Net Assets / Fund Balance$2,321$609,565▲ $607,244
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ishmael PruittCEOFT$89,800$89,800
Armoni EasleyFounderFT$84,802$84,802
Revenue and Support

Revenue Composition

Contributions and Grants
$1,513,624
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$27
All Other Contributions
$592,624
Change in Net Assets
$385,927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$836,010
Other Expenses$290,864
Grants and Similar Amounts Paid$850
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$788,858
All Other Expenses$0$0$0$77,799
Other Expenses---$54,815
Payroll Taxes---$47,152
Advertising---$24,615
Fees for Services Legal---$18,647
Insurance---$12,473
Travel---$9,074
Fees for Services Accounting---$7,850
Office Expenses---$7,293
Occupancy---$4,488
Grants to Domestic Orgs---$850
Total Functional Expenses$0$0$0$1,127,724
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
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
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”

Filing and Contact Details

Filer

Filer Name
Project Optimism Inc
EIN
82-1542836
Phone
9166217406
Address
2815 Gunn Rd, Carmichael, CA 95608
Doing Business As
Project Optimism Inc

Signing Officer

Name
Ishmael Pruitt
Title
CEO
Phone
9166217406
Signed
2024-11-06
Discuss with paid preparer
No

Organization Details

Formed
2017
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Nelson & Associates Corp
Address
4401 Atlantic Ave Suite 200, Long Beach, CA 90807
Preparer
Jamelle Nelson CPA
Phone
5627887242
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0579657
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0174602
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01513651
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02321
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0609565
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt09074
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt02821 River Plaza Dr 28
IRS990/USAddress/CityNm0Sacramento
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095833
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Ishmael Pruitt
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09166217406
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Project Optimism Inc
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0821542836
ReturnHeader/Filer/PhoneNum09166217406
ReturnHeader/Filer/USAddress/AddressLine1Txt02815 Gunn Rd
ReturnHeader/Filer/USAddress/CityNm0Carmichael
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095608
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0854273434
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Nelson & Associates Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04401 Atlantic Ave Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Long Beach
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090807
ReturnHeader/PreparerPersonGrp/PhoneNum05627887242
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jamelle Nelson CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-12T15:53:18-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$609,565
Liabilities
$29,908
Net assets
$579,657
Revenue
$1,513,651
Expenses
$1,127,724
Net income
$385,927
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.67$0.10$0.57$1.57$1.63$0.06
2024Detailed filing. Detailed filing data is available for this year.$0.61$0.03$0.58$1.51$1.13$0.39
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.02$0.19$0.35$0.42$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.02$0.01$0.76$0.99$0.23
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.02$0.23$0.65$0.48$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.02$0.05$0.12$0.09$0.03