Overview
What is Options Inc?
Options Inc is a nonprofit organization situated in Big Lake, Minnesota, with a workforce of 159 dedicated individuals. Their primary mission is to support adults with developmental disabilities and related conditions, as well as their families, by fostering their involvement in the community. This inclusive approach respects the individuals' competence and choice, enabling them to actively participate in community life. The organization's services extend beyond the individuals themselves, reaching out to the wider community, thereby promoting a more inclusive and welcoming environment for those with developmental disabilities.
Official website here: www.options-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Options Inc has achieved a high rating of 96% from Charity Navigator, reflecting its strong accountability and financial transparency. This exceptional score is based entirely on the organization's performance in the Accountability & Finance beacon, indicating a commitment to responsible management of funds and resources.
The nonprofit has a completely independent board, which adds to its credibility, as all members are independent and actively engaged in oversight. Fiscal practices are robust, highlighted by a 86.47% allocation of expenses toward programs, demonstrating effective use of donations to support its mission. Additionally, the organization has comprehensive policies in place regarding conflicts of interest, whistleblower protections, and document retention.
While Options Inc excels in many areas, potential limitations are not explicitly indicated in the available data. Nevertheless, the strong ratings in various financial metrics suggest a stable organization that prioritizes ethical governance and efficient use of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Options Inc legitimate?
Options Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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: $120,733
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,948,670
For more financial information, click here
Official website here: www.options-inc.org
What is the mission statement of Options Inc?
Options Inc's mission is centered around providing services to adults with developmental disabilities and related conditions, as well as their families. The organization is committed to integrating these individuals into their communities, respecting their competence and choice. Through its services, Options Inc aims to support the participation of these adults in community activities, thereby enhancing their quality of life. The organization's mission is to create an inclusive environment where individuals with developmental disabilities can thrive and contribute to their communities.
Official website here: www.options-inc.org
What is the revenue of Options Inc?
Options Inc's revenue in 2024 was $3,209,832.
Official website here: www.options-inc.org
Who are the executives of Options Inc and what are their salaries?
The average compensation at Options Inc during 2024 was $14,272. There are 145 employees at Options Inc.
Here are 10 key members and their salaries:
- Compensation: $120,733
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Official website here: www.options-inc.org
Where can I find the form 990 for Options Inc?
Options Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.options-inc.org
Learn more at the official website: www.options-inc.org
Mission Statement of Options Inc
Options Inc, a nonprofit organization, is dedicated to serving adults with developmental disabilities and related conditions, as well as their families. Their mission is centered around integrating these individuals into their communities, respecting their competence and choice. The organization strives to support their participants in engaging with community life, ensuring they maintain a sense of dignity and independence. By providing these services, Options Inc aims to foster a more inclusive society where everyone can thrive.
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Impact
July, 2024
Options Inc's impact is profound, as it provides vital services to adults with developmental disabilities and related conditions, along with their families. By supporting the participation of these individuals in the community with respect for their competence and choices, Options Inc is making a tangible difference in the lives of 209 adults in Big Lake, MN. This organization is dedicated to integrating those they serve into the fabric of their communities, fostering inclusivity and empowerment for those with developmental disabilities.
This information is meant to be a general summary of 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 2024.
- Investment Income: $50,916
- Program Service Revenue: $3,045,336
- Gross Receipts: $3,228,119
Assets and Liabilities:
- Total Assets: $6,431,517
- Total Liabilities: $309,759
- Net Assets: $6,121,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT EMPLOYMENT
Revenue
$219,859
PROGRAM SERVICES
Revenue
$2,563,488
SUPPORTED EMPLOYMENT INC
Revenue
$261,989
Organization Details
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