Civic Intelligence

Optima Foundation Inc.

990 • Fiscal year 2021 • EIN 82-3745515

Jul 01, 2020 to Jun 30, 2021 • Filed on May 02, 2022

Organization ProfileOPTIMAED.ORG
15275 Collier Blvd Suites 201-299Naples, FL 34119

(239) 449-8599

Siviq Scores

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

Liabilities / Assets

81st percentile

0.42x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.30x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

77th percentile

34%

Higher net margin than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

95th percentile

141%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

97%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$1,274,185

Up $744,776 (+141%) from 2020

Net Assets

Up

$743,654

Up $549,450 (+283%) from 2020

Liabilities

Up

$530,531

Up $195,326 (+58%) from 2020

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin77th percentile

Revenue

Up

$1,782,383

Up $876,778 (+97%) from 2020

Expenses

Up

$1,177,828

Up $472,651 (+67%) from 2020

Net Income

Up

$604,555

Up $404,127 (+202%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$6.0M$4.0M$2.0M$0Assets 2020: $529,409Liabilities 2020: $335,205Net Assets 2020: $194,2042020Assets 2021: $1,274,185Liabilities 2021: $530,531Net Assets 2021: $743,6542021Assets 2022: $2,977,209Liabilities 2022: $914,896Net Assets 2022: $2,062,3132022Assets 2023: $3,506,880Liabilities 2023: $1,261,587Net Assets 2023: $2,245,2932023Assets 2024: $4,122,188Liabilities 2024: $1,289,193Net Assets 2024: $2,832,9952024

Highlighted filing

2021

Assets$1,274,185
Liabilities$530,531
Net Assets$743,654
Open 2021 Filing

Operations Trend

Revenue Growth87th percentile

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

$6.0M$4.0M$2.0M$0Revenue 2020: $905,605Expenses 2020: $705,177Net Income 2020: $200,4282020Revenue 2021: $1,782,383Expenses 2021: $1,177,828Net Income 2021: $604,5552021Revenue 2022: $4,156,778Expenses 2022: $2,879,295Net Income 2022: $1,277,4832022Revenue 2023: $635,543Expenses 2023: $467,991Net Income 2023: $167,5522023Revenue 2024: $1,429,852Expenses 2024: $842,151Net Income 2024: $587,7012024

Highlighted filing

2021

Revenue$1,782,383
Expenses$1,177,828
Net Income$604,555
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 2, 2022
Return Version
2020v4.2
Gross Receipts
$1,782,383
Mission and Program Overview

Mission

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 directly meeting the needs of students.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$203,057$633,841▲ $430,784
Other Notes and Loans Receivable, Net-$400,000-
Cash and Non-Interest-Bearing Accounts$129,266$117,817▼ $11,449
Land, Buildings, and Equipment, Net$1,419$8,143▲ $6,724
Prepaid Expenses and Deferred Charges-$5,240-
Total Assets$529,409$1,274,185▲ $744,776
Other Assets Total$195,667$109,144▼ $86,523
Liabilities
Unsecured Notes Loans Payable-$450,000-
Other Liabilities$283,182$44,657▼ $238,525
Accounts Payable and Accrued Expenses$52,023$35,874▼ $16,149
Total Liabilities$335,205$530,531▲ $195,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$194,204$743,654▲ $549,450
Total Net Assets Fund Balance$194,204$743,654▲ $549,450
Total Liabilities and Net Assets / Fund Balance$529,409$1,274,185▲ $744,776

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,143$2,239$10,382
Other Assets Org$104,760--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Bob HardenDirector
Carol ManningDirector
Louise PentaDirector
Erika DonaldsCEO

Highest Paid Contractors

ContractorServicesLocationCompensation
Educator Solutions INCPayroll Services4239 SW HIGH MEADOWS AVE, Palm City, FL 34990$867,994
Grennan Fender Hess & Poparad LLPAccounting Services1000 LEGION PLACE SUITE 701, Orlando, FL 32801$112,377
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$1,771,763
Investment Income
$620
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$604,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$867,994
Other Expenses$309,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$810,490--$810,490
Fees for Services Accounting$118,144--$118,144
Fees for Services Other$97,241--$97,241
Other Employee Benefits$36,796--$36,796
Office Expenses$25,419--$25,419
Fees for Services Management$21,896--$21,896
Pension Plan Contributions$20,708--$20,708
Fees for Services Legal$7,234--$7,234
Insurance$6,792--$6,792
Travel$6,157--$6,157
Advertising$5,434--$5,434
Information Technology$3,997--$3,997
Interest$3,938--$3,938
Occupancy$3,720--$3,720
Other Expenses$2,773--$2,773
Depreciation Depletion$2,239--$2,239
Total Functional Expenses$1,177,828$0$0$1,177,828
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Tcca$44,657
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Each officer of the organization is provided a copy of the draft form 990 to review and ask questions before finalizing and filing.”

Form 990, Part VI, Section B, Line 12C

“Written confirmation on an annual basis.”

Form 990, Part VI, Section B, Line 15

“Compensation is reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The Optima Foundation
EIN
82-3745515
Phone
2394498599
Address
15275 COLLIER BLVD SUITES 201-299, NAPLES, FL 34119

Signing Officer

Name
Erika Donalds
Title
CEO
Phone
2394498599
Signed
2022-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erika Donalds
Formed
2017
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Whittaker Cooper (grennan Fender Llp)
Address
1692 W HIBISCUS BLVD, MELBOURNE, FL 32901
Preparer
Mike Hess CPA
Phone
3217233352
Supplemental Narrative

Additional Explanations

Form 990, Part I, 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.”

Form 990, Part IX, Line 11G

“Other services: program service expenses 97,241. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,241.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH OFFICER OF THE ORGANIZATION IS PROVIDED A COPY OF THE DRAFT FORM 990 TO REVIEW AND ASK QUESTIONS BEFORE FINALIZING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WRITTEN CONFIRMATION ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER SERVICES: PROGRAM SERVICE EXPENSES 97,241. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 97,241.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,274,185
Liabilities
$530,531
Net assets
$743,654
Revenue
$1,782,383
Expenses
$1,177,828
Net income
$604,555
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$1.29$2.83$1.43$0.84$0.59
2023Detailed filing. Detailed filing data is available for this year.$3.51$1.26$2.25$0.64$0.47$0.17
2022Detailed filing. Detailed filing data is available for this year.$2.98$0.91$2.06$4.16$2.88$1.28
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.53$0.74$1.78$1.18$0.60
2020Detailed filing. Detailed filing data is available for this year.$0.53$0.34$0.19$0.91$0.71$0.20