Optima Cares Foundation
- Assets
- $2.6k
- Revenue
- $17.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Ana, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-2445692
Organization Overview
Optima Cares Foundation is located in Santa Ana, CA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Optima Cares Foundation 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 12/2022, Optima Cares Foundation generated $17.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 42.1% each year . All expenses for the organization totaled $14.1k during the year ending 12/2022. While expenses have increased by 26.7% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION WILL BE A NON-OPERATING CHARITABLE FOUNDATION WHOSE EXEMPT ACTIVITIES WILL INCLUDE GRANTING FUNDS TO US PUBLIC CHARITIES THAT SUPPORT THE CHARITABLE ACTIVITIES OF THE EMPLOYEES OF OPTIMA FINANCIAL GROUP, LLC. PUBLIC CHARITIES WILL BE SELECTED BY A COMMITTEE WHICH IS MADE UP OF EMPLOYEES OF OPTIMA FINANCIAL GROUP, LLC. THE SELECTION PROCESS IS CURRENTLY BEING DEVELOPED BUT WILL BE EITHER BY AN APPLICATION PROCESS WHEREBY PUBLIC CHARITIES MAY SUBMIT APPLICATION FOR CONSIDERATION OF FUNDING OR BY RESEARCH CONDUCTED BY EMPLOYEES OF OPTIMA FINANCIAL GROUP, LLC TO SELECT PUBLIC CHARITIES THAT SUPPORT AND EXEMPLIFY THE CHARITABLE GOALS OF THE EMPLOYEES OF THE COMPANY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse E Stockwell Director | 1 | $0 | |
Harry H Langenberg III Director | 1 | $0 | |
David King Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,096 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,231 |
| Total operating and administrative expenses | $2,360 |
| Contributions, gifts, grants paid | $11,789 |
| Total expenses and disbursements | $14,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,601 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,601 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |