Options For Individuals Inc
- Assets
- $105.5k
- Revenue
- $250.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Louisville, KY
- Founding
- 01/1985
- Data as of
- 06/2022
- EIN
- 61-1056798
Organization Overview
Options For Individuals Inc is located in Louisville, KY. The organization was established in 1985. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Options For Individuals Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Options For Individuals Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Options For Individuals Inc generated $250.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $248.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMMUNITY INCLUSION SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND OR PHYSICAL DISABILITIES THAT EMPOWER THE CREATION OF INDIVIDUAL NETWORKS OF NATURAL SUPPORTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPTIONS FOR INDIVIDUALS MADE IT A PRIORITY DURING THIS PROGRAM YEAR TO ASSIST PARTICIPANTS WHO WERE WANTING TO RE-ESTABLISH THEIR COMMUNITY CONNECTIONS WITH THE EASING OF COVID RESTRICTIONS. WE ACCOMPLISHED THIS BY COLLABORATING WITH COMMUNITY BUSINESS LEADERS TO OBTAIN GAINFUL EMPLOYMENT FOR THOSE OF OUR PARTICIPANTS WHO HAD A DESIRE TO WORK. WE ALSO CONDUCTING REAL-TIME TRAINING AND OPPORTUNITIES TO HELP OUR PARTICIPANTS LEARN HOW TO MOVE WITHIN THE COMMUNITY WHILE ADHERING TO COVID SAFETY PROCEDURES AND REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allenbalderson Board President | OfficerTrustee | 0 | $0 |
Justinsmith Board Vice President | OfficerTrustee | 0 | $0 |
Brendacreech Board Treasurer | OfficerTrustee | 0 | $0 |
Patriciafarrell Board Secretary | OfficerTrustee | 0 | $0 |
Soniajohnson Executive Director | Officer | 45 | $59,194 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,335 |
| Related organizations | $0 |
| Government grants | $53,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,172 |
| Total Program Service Revenue | $182,533 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,194 |
| Compensation of current officers, directors, key employees. | $11,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,912 |
| Payroll taxes | $8,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,742 |
| Office expenses | $22,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,658 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,472 |
| All other expenses | $0 |
| Total functional expenses | $248,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,851 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,016 |
| Net Land, buildings, and equipment | $46,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,991 |
| Total assets | $105,518 |
| Accounts payable and accrued expenses | $63,576 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,284 |
| Unsecured mortgages and notes payable | $190,503 |
| Other liabilities | $22,580 |
| Total liabilities | $279,943 |
| Net assets without donor restrictions | -$174,425 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $105,518 |