Overview
What is Riverside Optimist Youth Club Inc?
Riverside Optimist Youth Club Inc, based in Riverside, California, is a dedicated nonprofit organization with a mission to foster optimism as a guiding philosophy. They achieve this by utilizing the principles of the Optimist Creed to aid and motivate the development of youth. The club primarily focuses on children's well-being, contributing financially and through special projects to local elementary schools. They offer scholarships to deserving students pursuing higher education, distribute backpacks to students, and contribute to various initiatives aimed at bringing out the best in children. The goal is to inspire them to strive for greatness in their lives and communities. With these efforts, the Riverside Optimist Youth Club Inc aims to promote a positive outlook and contribute to the betterment of society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Riverside Optimist Youth Club Inc demonstrates some positive practices, there are significant areas for improvement in its accountability and financial transparency.
The organization excels in areas such as having a fully independent board and a strong program expense ratio, with 98.66% of its expenses going directly toward its programs. It also shows no material diversion of assets, indicating sound fiscal management in certain respects. However, the absence of key policies including a conflict of interest policy, whistleblower policy, and document retention and destruction policy raises concerns about governance and operational integrity.
Additionally, the nonprofit has not posted its tax form on its website, which limits transparency and access to important financial information for donors and stakeholders. Addressing these shortcomings could enhance the organization's credibility and trustworthiness moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Riverside Optimist Youth Club Inc legitimate?
Riverside Optimist Youth Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverside Optimist Youth Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Riverside Optimist Youth Club Inc?
The Riverside Optimist Youth Club Inc's mission is centered around fostering optimism as a life philosophy, utilizing the principles of the Optimist Creed. This mission aims to encourage and aid in the development of youth, believing that selfless service to others can enhance the well-being of humanity, communities, and the world. As a service organization, the club primarily benefits children through special projects and financial donations. Its primary goal is to bring out the best in children, which is achieved by providing financial assistance and resources to local elementary schools, backpacks for students, scholarships, and more. By recognizing outstanding achievements and service to youth, the club incentivizes others to strive for greatness in themselves and their communities.
Who is the CEO of Riverside Optimist Youth Club Inc?
Robert Bahnsen is the Director of Riverside Optimist Youth Club Inc. The CEO's salary of Riverside Optimist Youth Club Inc is $0 and their total compensation is $0.
What is the revenue of Riverside Optimist Youth Club Inc?
Riverside Optimist Youth Club Inc's revenue in 2023 was $55,679.
Who are the executives of Riverside Optimist Youth Club Inc and what are their salaries?
Here are 5 key members and their salaries (Riverside Optimist Youth Club Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Riverside Optimist Youth Club Inc?
Riverside Optimist Youth Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Riverside Optimist Youth Club Inc
The Riverside Optimist Youth Club Inc, a service-oriented organization, is committed to fostering optimism as a guiding philosophy in life. Emulating the principles of the Optimist Creed, this nonprofit aims to encourage and support the development of youth. The organization believes that by selflessly serving others, one can enhance the well-being of humanity, communities, and the world at large.
The Riverside Optimist Youth Club specifically focuses on benefiting children, accomplishing this goal through various projects and financial donations. The primary objective is to nurture and bring out the best in children. This is achieved by providing financial assistance and aid to local elementary schools, distributing backpacks for students, offering scholarships, and recognizing outstanding achievement and service to youth. The expectation is that by acknowledging and celebrating the achievements of young individuals, others will be motivated to strive for greatness in themselves and their communities.
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Impact
August, 2024
The Riverside Optimist Youth Club Inc's impact is significant in nurturing optimism as a philosophy of life among youth. Through the implementation of the Optimist Creed, the club focuses on aiding and encouraging youth development with the belief that giving oneself in service to others advances the well-being of humankind, community life, and the world. By providing individual scholarships to local students pursuing higher education and supporting various projects benefiting children, such as donating to local elementary schools, providing backpacks for students, and offering scholarships, the club aims to bring out the best in kids. This support not only recognizes outstanding achievements but also inspires others to strive for greatness in themselves and their community.
This information is meant to be a general summary of Riverside Optimist Youth Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $54,751
- Gross Receipts: $55,679
Assets and Liabilities:
- Total Assets: $660,350
- Total Liabilities: $1
- Net Assets: $660,349
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Organization Details
Founding Year
1975
Principal Officer
Robert Bahnsen
Main Address
PO BOX 2036, RIVERSIDE, CA, 92516
NTEE Category
Code: O20 - Youth development
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