Suburban Optimist Club Foundation
- Assets
- $56.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Placentia, CA
- Founding
- 02/2001
- Data as of
- 12/2023
- EIN
- 95-4825507
Organization Overview
Suburban Optimist Club Foundation is located in Placentia, CA. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public 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. Suburban Optimist Club 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 12/2023, Suburban Optimist Club Foundation generated $22.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $17.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
GRANT TO OPTIMIST CLUB OF SUBURBAN BUENA PARK FOR THEIR WORK TO BENEFIT YOUTHS,INCLUDING SCHOLARSHIPS AND DINNERS FOR GRADUATING HIGH SCHOOL SENIORS OF JAPANESE ANCESTRY; THE GRADUATING HIGH SCHOOL SENIORS IN THE DEAF AND HARD OF HEARING PROGRAM AT UNIVERSITY HIGH SCHOOL IN IRVINE, CA; CHRISTMAS PARTY FOR DISADVANTAGED; AND FOR GARDEN GROVE BOYS AND GIRLS CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett S Wada Chairman | 0.25 | $0 | |
Dan T Fukushima Secretary | 1 | $0 | |
Eugene Murakami Director | 0.25 | $0 | |
Ray Okazaki Director | 0.25 | $0 | |
Norman Nishizu Director | 0.25 | $0 | |
George Tanaka Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,935 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,848 |
| Other Revenue | $0 |
| Total Revenue | $22,783 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $725 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $210 |
| Other expenses | $490 |
| Total expenses | $17,425 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,978 |
| Other assets | $0 |
| Total assets | $55,978 |
| Total liabilities | $0 |
| Net assets or fund balances | $55,978 |