Overview
What is Open Options Inc?
Open Options Inc is a nonprofit organization situated in Lebanon, Ohio, with a focus on supporting group homes for adults with intellectual disabilities and developmental challenges. With a team of 21 dedicated individuals, they prioritize creating a secure and engaging environment for these adults. Their mission involves providing supervision to these group homes, ensuring the well-being of the residents and promoting an active lifestyle. They remain committed to upholding the needs and best interests of these individuals, contributing positively to their overall quality of life.
What are the reviews and ratings of this charity?
75% rating from Charity Navigator indicates that Open Options Inc has achieved a Three-Star out of Four Star rating, reflecting a solid performance in its accountability and finance practices. This score is primarily derived from a comprehensive evaluation of their financial health and governance, showcasing responsible management of funds.
The organization excels in several areas, including an independent board composition where 66% of the members are independent, and a high program expense ratio of 83.23%. This suggests that a significant portion of their funding is directly allocated to their programs, which is a positive sign for potential donors looking for impact-driven nonprofits. Additionally, they have strong policies in place for conflict of interest and document retention.
However, while the overall score is commendable, the reliance on a single beacon score could limit the understanding of the organization’s overall effectiveness in areas beyond financial management. Donors may want to consider this aspect when assessing the charity's full impact and operational scope.
This AI summary has been generated from information found on Charity Navigator.
Is Open Options Inc legitimate?
Open Options Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Options 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: $148,592
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,117,904
For more financial information, click here
What is the mission statement of Open Options Inc?
Open Options Inc is dedicated to providing supervision for group homes housing adults with intellectual disabilities, ensuring a secure and engaging environment for their residents. Their mission is centered around promoting the well-being of these individuals by overseeing their living arrangements, striving to create an atmosphere that fosters safety and encourages active participation. The organization's primary objective is to contribute positively to the lives of these adults, ensuring they have the opportunity to live fulfilling lives with dignity and care.
Who is the CEO of Open Options Inc?
Unavailable
What is the revenue of Open Options Inc?
Open Options Inc's revenue in 2022 was $1,959,500.
Who are the executives of Open Options Inc and what are their salaries?
The average compensation at Open Options Inc during 2022 was $60,309. There are 21 employees at Open Options Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
Where can I find the form 990 for Open Options Inc?
Open Options Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Open Options Inc
Open Options Inc, a nonprofit organization, is dedicated to providing supervision for group homes housing adults with intellectual disabilities or developmental challenges. Their mission is to ensure a safe and engaging environment for these individuals, providing them with the care and support they need to live fulfilling lives. By overseeing these group homes, Open Options Inc works tirelessly to create an atmosphere where these adults can thrive, fostering their independence and personal growth.
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Impact
October, 2024
Open Options Inc significantly impacts the lives of adults with developmental disabilities by providing essential supervision in group home settings. By ensuring a safe and active environment, the organization enhances the quality of life for its residents, fostering a sense of security and community. The dedicated oversight enables individuals with intellectual challenges to thrive, participate in daily activities, and build meaningful relationships. Additionally, Open Options Inc contributes to the overall well-being of these individuals, allowing them to engage in social interactions and develop skills that promote independence. The organization's work ultimately helps create a more inclusive society where everyone has the opportunity to live with dignity and support.
This information is meant to be a general summary of Open Options 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 2022.
- Investment Income: $4,900
- Program Service Revenue: $1,307,378
- Gross Receipts: $1,959,500
Assets and Liabilities:
- Total Assets: $927,225
- Total Liabilities: $38,993
- Net Assets: $888,232
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAREMEDICAID
Revenue
$1,307,378
Organization Details
Founding Year
1987
Main Address
19 N MECHANIC STREET, Lebanon, OH, 45036
NTEE Category
Code: P73Z - Human services
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