Civic Intelligence

Optima Foundation Inc.

990 • Fiscal year 2023 • EIN 82-3745515

Jul 01, 2022 to Jun 30, 2023 • Filed on May 24, 2024

Organization ProfileOPTIMA.FOUNDATION
15275 Collier Blvd Suites 201-299Naples, FL 34119

(239) 287-6287

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$3,443,625

Up $466,416 (+16%) from 2022

Net Assets

Up

$2,077,741

Up $15,428 (+0.7%) from 2022

Liabilities

Up

$1,365,884

Up $450,988 (+49%) from 2022

Revenue And Expenses

Revenue

Down

$3,488,835

Down $667,943 (-16%) from 2022

Expenses

Up

$3,473,407

Up $594,112 (+21%) from 2022

Net Income

Down

$15,428

Down $1,262,055 (-99%) from 2022

Historical Trend

Balance Sheet Trend

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: $3,443,625Liabilities 2023: $1,365,884Net Assets 2023: $2,077,7412023Assets 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

2023

Assets$3,443,625
Liabilities$1,365,884
Net Assets$2,077,741
Open 2023 Filing

Operations Trend

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: $3,488,835Expenses 2023: $3,473,407Net Income 2023: $15,4282023Revenue 2023: $635,543Expenses 2023: $467,991Net Income 2023: $167,5522023Revenue 2024: $1,429,852Expenses 2024: $842,151Net Income 2024: $587,7012024

Highlighted filing

2023

Revenue$3,488,835
Expenses$3,473,407
Net Income$15,428
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 24, 2024
Return Version
2022v5.0
Gross Receipts
$3,709,633
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$400,000$800,000▲ $400,000
Cash and Non-Interest-Bearing Accounts$511,698$256,657▼ $255,041
Land, Buildings, and Equipment, Net$111,001--
Accounts Receivable$1,942,099$45,779▼ $1,896,320
Prepaid Expenses and Deferred Charges$12,411--
Total Assets$2,977,209$3,443,625▲ $466,416
Other Assets Total$0$2,341,189▲ $2,341,189
Liabilities
Unsecured Notes Loans Payable$683,905$1,355,640▲ $671,735
Other Liabilities$50,273$0▼ $50,273
Accounts Payable and Accrued Expenses$180,718$10,244▼ $170,474
Total Liabilities$914,896$1,365,884▲ $450,988
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,062,313$2,077,741▲ $15,428
Total Net Assets Fund Balance$2,062,313$2,077,741▲ $15,428
Total Liabilities and Net Assets / Fund Balance$2,977,209$3,443,625▲ $466,416

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$149,579--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bob HardenDirector
Carol ManningDirector
Louise PentaDirector
Thomas WalshDirector
Erika DonaldsCEO

Highest Paid Contractors

ContractorServicesLocationCompensation
Educator Solutions INCPayroll Services4239 SW HIGH MEADOWS AVE, Palm City, FL 34990$1,763,592
Optima Management ServicesPayroll Services3369 PINE RIDGE ROAD UNIT 204, Naples, FL 34109$143,415
Westshore Hotel Owner LLCVenue For Event4860 W KENNEDY BLVD, Tampa, FL 33609$115,000
The Ritz CarltonVenue For Event280 VANDERBILT BEACH ROAD, Naples, FL 34108$107,928
Endeavor Parent LLC (harry Walker AgencEvent Entertainment355 LEXINGTON AVE 21ST FLOOR, New York, NY 10017$107,240
Revenue and Support

Revenue Composition

Contributions and Grants
$99,320
Program Service Revenue
$3,205,076
Investment Income
$144,196
Other Revenue
$40,243
All Other Contributions
$99,320
Change in Net Assets
$15,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,756,921
Other Expenses$1,716,486
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,531,323$80,595-$1,611,918
Fees for Services Legal$281,557$14,819-$296,376
Office Expenses$215,398$53,846-$269,244
Advertising$148,825--$148,825
Conferences and Meetings$108,335$27,084-$135,419
Other Employee Benefits$85,475$9,482-$94,957
Interest-$57,672-$57,672
Other Expenses$45,725$11,431-$57,156
Pension Plan Contributions$36,902$4,094-$40,996
Travel$21,636$5,409-$27,045
Insurance$15,637$3,908-$19,545
Occupancy$10,754$2,689-$13,443
Depreciation Depletion$9,593$2,398-$11,991
Payroll Taxes$8,146$904-$9,050
Total Functional Expenses$3,075,522$397,885$0$3,473,407
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$255,425
Fundraising Direct Expenses$220,798
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Education Freedom Gala$255,425$255,425$5,630$249,795
Total Events$255,425$255,425$220,798$34,627
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
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
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
2392876287
Address
15275 COLLIER BLVD SUITES 201-299, NAPLES, FL 34119

Signing Officer

Name
Erika Donalds
Title
CEO
Phone
2392876287
Signed
2024-05-24
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
46
Volunteers
7

Preparer

Firm
Mike Hess CPA Pa
Address
1800 W HIBISCUS BLVD STE 133, MELBOURNE, FL 32901
Preparer
Mike Hess CPA
Phone
3217256151
Supplemental Narrative

Additional Explanations

Amended Return

“Amended return was filed to update note receivable asset descriptions presented on part ix column a. There were no other changes.”

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IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0500
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0144196
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt025000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0620
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0169816
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09807754
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IRS990ScheduleA/PublicSupportTotal170Amt0580343
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0296841
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt073002
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0500
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IRS990ScheduleA/TotalSupportAmt0755775
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt149535
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2149579
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST ON NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM CHARTER SCHOOL
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02341189
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0220798
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0107240
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0107240
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0EDUCATION FREEDOM GALA
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0255425
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0255425
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0255425
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt034627
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05630
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05630
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0107928
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0107928
IRS990/ScheduleJRequiredInd00
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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/ExplanationTxt4AMENDED RETURN WAS FILED TO UPDATE NOTE RECEIVABLE ASSET DESCRIPTIONS PRESENTED ON PART IX COLUMN A. THERE WERE NO OTHER CHANGES.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4AMENDED RETURN
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03075522
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IRS990/TotalLiabilitiesEOYAmt01365884
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IRS990/TotalProgramServiceRevenueAmt03205076
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03354888
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03488835
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03443625
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/ProgramServicesAmt021636
IRS990/TravelGrp/TotalAmt027045
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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Filings

Displayed year

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

Open filing
Assets
$3,443,625
Liabilities
$1,365,884
Net assets
$2,077,741
Revenue
$3,488,835
Expenses
$3,473,407
Net income
$15,428
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
2023Detailed filing. Detailed filing data is available for this year.$3.44$1.37$2.08$3.49$3.47$0.02
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