Civic Intelligence

Optima Foundation Inc.

990 • Fiscal year 2022 • EIN 82-3745515

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

76th percentile

0.31x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

68th percentile

0.22x

Higher debt load relative to revenue than 68% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

80th percentile

31%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

89th percentile

$183,326

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

95th percentile

134%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

133%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$2,977,209

Up $1,703,024 (+134%) from 2021

Net Assets

Up

$2,062,313

Up $1,318,659 (+177%) from 2021

Liabilities

Up

$914,896

Up $384,365 (+72%) from 2021

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin80th percentile

Revenue

Up

$4,156,778

Up $2,374,395 (+133%) from 2021

Expenses

Up

$2,879,295

Up $1,701,467 (+144%) from 2021

Net Income

Up

$1,277,483

Up $672,928 (+111%) from 2021

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

2022

Assets$2,977,209
Liabilities$914,896
Net Assets$2,062,313
Open 2022 Filing

Operations Trend

Revenue Growth93rd 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

2022

Revenue$4,156,778
Expenses$2,879,295
Net Income$1,277,483
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$4,156,778
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$633,841$1,942,099▲ $1,308,258
Cash and Non-Interest-Bearing Accounts$117,817$511,698▲ $393,881
Other Notes and Loans Receivable, Net$400,000$400,000→ $0
Land, Buildings, and Equipment, Net$8,143$111,001▲ $102,858
Prepaid Expenses and Deferred Charges$5,240$12,411▲ $7,171
Total Assets$1,274,185$2,977,209▲ $1,703,024
Other Assets Total$109,144$0▼ $109,144
Liabilities
Unsecured Notes Loans Payable$450,000$683,905▲ $233,905
Accounts Payable and Accrued Expenses$35,874$180,718▲ $144,844
Other Liabilities$44,657$50,273▲ $5,616
Total Liabilities$530,531$914,896▲ $384,365
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$743,654$2,062,313▲ $1,318,659
Total Net Assets Fund Balance$743,654$2,062,313▲ $1,318,659
Total Liabilities and Net Assets / Fund Balance$1,274,185$2,977,209▲ $1,703,024

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$61,917$6,892$68,809
Other Land Buildings$49,084$6,482$55,566
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Erika DonaldsCEOFT$183,326$183,326

Board Members and Trustees

NameTitle
Bob HardenDirector
Carol ManningDirector
Louise PentaDirector
Thomas WalshDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Educator Solutions INCPayroll Services4239 SW HIGH MEADOWS AVE, Palm City, FL 34990$1,915,222
Grennan Fender Hess & Poparad LLPAccounting Services1000 LEGION PLACE SUITE 701, Orlando, FL 32801$124,080
Revenue and Support

Revenue Composition

Contributions and Grants
$200,000
Program Service Revenue
$3,931,778
Investment Income
$25,000
Other Revenue
$0
All Other Contributions
$200,000
Change in Net Assets
$1,277,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,952,379
Other Expenses$926,916
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,721,858$191,324-$1,913,182
Fees for Services Management$434,609$22,874-$457,483
Fees for Services Other$106,760$5,619-$112,379
Information Technology$77,844$19,461-$97,305
Advertising$67,437--$67,437
Travel$38,564$9,641-$48,205
Office Expenses$34,862$8,715-$43,577
Pension Plan Contributions$35,283$3,914-$39,197
Other Expenses$26,684$6,671-$33,355
Interest-$32,167-$32,167
Occupancy$10,200$2,550-$12,750
Depreciation Depletion$8,909$2,227-$11,136
Insurance$8,898$2,224-$11,122
Total Functional Expenses$2,571,908$307,387$0$2,879,295
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 Charter Schools$50,273
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
2023-05-15
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
28
Volunteers
7

Preparer

Firm
Whittaker Cooper (grennan Fender Llp)
Address
1692 W HIBISCUS BLVD, MELBOURNE, FL 32901
Preparer
Mike Hess CPA
Phone
3217233352
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0111001
IRS990ScheduleD/TotalLiabilityAmt050273
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0183326
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ERIKA DONALDS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0183326
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH OFFICER OF THE ORGANIZATION IS PROVIDED A COPY OF THE DRAFT FORM 990 TO REVIEW AND ASK QUESTIONS BEFORE FINALIZING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WRITTEN CONFIRMATION ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01274185
IRS990/TotalAssetsEOYAmt02977209
IRS990/TotalAssetsGrp/BOYAmt01274185
IRS990/TotalAssetsGrp/EOYAmt02977209
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0200000
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0307387
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02571908
IRS990/TotalFunctionalExpensesGrp/TotalAmt02879295
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0530531
IRS990/TotalLiabilitiesEOYAmt0914896
IRS990/TotalLiabilitiesGrp/BOYAmt0530531
IRS990/TotalLiabilitiesGrp/EOYAmt0914896
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0743654
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02062313
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02571908
IRS990/TotalProgramServiceRevenueAmt03931778
IRS990/TotalReportableCompFromOrgAmt0183326
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03956778
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04156778
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01274185
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02977209
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt09641
IRS990/TravelGrp/ProgramServicesAmt038564
IRS990/TravelGrp/TotalAmt048205
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0450000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0683905
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0OPTIMAED.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIKA DONALDS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02394498599
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE OPTIMA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0OPTI
ReturnHeader/Filer/EIN0823745515
ReturnHeader/Filer/PhoneNum02394498599
ReturnHeader/Filer/USAddress/AddressLine1Txt015275 COLLIER BLVD SUITES 201-299
ReturnHeader/Filer/USAddress/CityNm0NAPLES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034119
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0874032754
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITTAKER COOPER (GRENNAN FENDER LLP)
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01692 W HIBISCUS BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELBOURNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032901
ReturnHeader/PreparerPersonGrp/PhoneNum03217233352
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE HESS CPA
ReturnHeader/ReturnTs02023-05-15T16:54:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ERIKA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DONALDS
ReturnHeader/TaxPeriodBeginDt02021-07-01

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,977,209
Liabilities
$914,896
Net assets
$2,062,313
Revenue
$4,156,778
Expenses
$2,879,295
Net income
$1,277,483
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