Overview
What is Project Optimism Inc?
Project Optimism Inc, stationed in Sacramento, California, is a 501c3 nonprofit organization dedicated to fostering optimism. They accomplish this through various personal and professional development services and community engagement. Their primary program, Project Optimism Mentoring Sessions, pairs youth with mentors who share their identity, offering a supportive environment where they can participate in activities, workshops, and gain exposure to potential career paths. Additionally, students receive scholarships and are expected to see improvements in their social, emotional growth, reduced truancy and suspensions, and a renewed commitment to their educational journey.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 26% (Zero-Star out of Four Star rating)
Project Optimism Inc has received a low rating of 26% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board, it struggles with transparency, having received zero points in key financial areas such as financial statements and the program expense ratio. This suggests potential issues in financial management and reporting.
Despite its challenges, Project Optimism Inc shows strength in its commitment to community values, as reflected in its Culture & Community Score of 81. The organization also demonstrates a focus on equity strategies, scoring 81 out of 100. These strengths highlight a dedication to community engagement and inclusivity, which could be appealing to supporters looking for organizations with strong social missions.
However, the nonprofit's lack of robust financial accountability and transparency poses serious risks. The absence of essential policies, such as conflict of interest and whistleblower protections, raises red flags about the organization's governance. Potential donors and supporters should consider these factors when evaluating their contributions to Project Optimism Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Project Optimism Inc legitimate?
Project Optimism Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Optimism 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: $775,246
For more financial information, click here
What is the mission statement of Project Optimism Inc?
Project Optimism Inc., as a 501c3 organization, aims to foster optimism through personal and professional development services and community engagement. Their mission is to provide a mentoring program that matches youth with mentors who share their identity, promoting activities, workshops, and career/professional exposure. This program aims to enhance the social and emotional development of students, decrease truancy and suspensions, and encourage a commitment to their educational journey. The organization's efforts are geared towards empowering young individuals to thrive both personally and professionally.
Who is the CEO of Project Optimism Inc?
Armoni Easley is the Ceo of Project Optimism Inc. The CEO's salary of Project Optimism Inc is $87,464 and their total compensation is $87,464.
What is the revenue of Project Optimism Inc?
Project Optimism Inc's revenue in 2022 was $764,922.
Who are the executives of Project Optimism Inc and what are their salaries?
Here are 2 key members and their salaries (Project Optimism Inc's CEO's salary is $87,464 and their total compensation is $87,464):
- Compensation: $87,464
- Related: $0
- Other: $0
- Compensation: $91,311
- Related: $0
- Other: $0
Where can I find the form 990 for Project Optimism Inc?
Project Optimism Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Project Optimism Inc
Project Optimism Inc, a 501c3 organization, is dedicated to fostering optimism among individuals through personal and professional development services and community engagement. Their mission is to establish a connection between youth in the community and mentors who share similar identities. These mentors guide the students, engaging them in various activities, workshops, and career/professional exposure sessions. The ultimate goal is to facilitate the growth of these students, both socially and emotionally, and to encourage a commitment to their educational journey. Additionally, Project Optimism Inc aims to decrease truancy and suspension rates among these students.
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Impact
July, 2024
Project Optimism Inc's impact can be seen in the positive outcomes it has generated within the Sacramento community. By providing youth with mentorship that aligns with their identity, the organization helps students develop socially and emotionally, reducing truancy and suspensions. Through workshops, activities, and exposure to career opportunities, Project Optimism Inc empowers youth to commit to their educational journey while fostering optimism for a brighter future.
This information is meant to be a general summary of Project Optimism 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.
- Gross Receipts: $764,922
Assets and Liabilities:
- Total Assets: $2,321
- Total Liabilities: $15,058
- Net Assets: -$12,737
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Organization Details
Founding Year
2017
Phone
(916) 621-7406Principal Officer
Armoni Easley
Main Address
2821 River Plaza Dr 28, Sacramento, CA, 95833
NTEE Category
Code: S99 - Community improvement
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