Overview
What is The Optima Foundation?
The Optima Foundation, based in Naples, Florida, is a nonprofit organization dedicated to supporting the needs of students by providing time and resources to academic professionals. Their mission is to promote the establishment and expansion of superior quality schools of choice, and they strive to maximize the time and resources allocated to trusted educators who directly impact students' learning experiences. The foundation, with a workforce of 28 individuals, has not specified the specific activities or events they organize, as indicated by the "See Schedule O" in the description.
Official website here: www.optimaed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Optima Foundation has received an 81% rating from Charity Navigator, indicating a solid performance in accountability and finance. This rating reflects a strong commitment to transparency, with no material diversion of assets reported and a well-structured governance system featuring a majority of independent board members. The organization has effectively maintained high program expense ratios, ensuring that a significant portion of its funds is directed toward its programs.
Strengths highlighted in the assessment include comprehensive policies for conflict of interest, whistleblower protections, and document retention, along with the availability of board meeting minutes. These factors contribute to a strong foundation of accountability, which is crucial for donor trust and organizational integrity.
While the rating indicates a strong overall performance, it is essential for potential donors and supporters to consider the context of the score. The single focus on accountability and finance means that other aspects of the organization, such as program impact and community engagement, are not reflected in this rating. Thus, while The Optima Foundation demonstrates strong financial practices, further information on program effectiveness may be beneficial for a holistic view.
This AI summary has been generated from information found on Charity Navigator.
Is The Optima Foundation legitimate?
The Optima Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Optima Foundation 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: $1,913,182
For more financial information, click here
Official website here: www.optimaed.org
What is the mission statement of The Optima Foundation?
The Optima Foundation's mission is to support and expand high-quality schools of choice. Their primary goal is to provide ample time and resources to dedicated educational professionals, enabling them to effectively cater to the needs of their students. The foundation believes in directly investing in these professionals to foster a conducive learning environment.
Official website here: www.optimaed.org
Who is the CEO of The Optima Foundation?
Erika Donalds is the Ceo of The Optima Foundation. The CEO's salary of The Optima Foundation is $183,326 and their total compensation is $183,326.
Official website here: www.optimaed.org
What is the revenue of The Optima Foundation?
The Optima Foundation's revenue in 2022 was $4,156,778.
Official website here: www.optimaed.org
Who are the executives of The Optima Foundation and what are their salaries?
The average compensation at The Optima Foundation during 2022 was $68,328. There are 28 employees and 7 volunteers at The Optima Foundation.
Here are 5 key members and their salaries (The Optima Foundation's CEO's salary is $183,326 and their total compensation is $183,326):
- Compensation: $183,326
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.optimaed.org
Where can I find the form 990 for The Optima Foundation?
The Optima Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.optimaed.org
Learn more at the official website: www.optimaed.org
Mission Statement of The Optima Foundation
The Optima Foundation is committed to supporting the establishment and expansion of high-quality schools of choice. Their mission is to provide the utmost time and resources to trusted academic professionals who are making significant strides in education by directly addressing the needs of students. Essentially, the foundation aims to empower these dedicated educators to foster superior learning environments.
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Impact
July, 2024
The Optima Foundation's impact is centered around supporting the establishment and expansion of superior quality schools of choice. By providing time and resources to academic professionals dedicated to meeting the needs of students, the foundation aims to contribute significantly to the field of education. Through their focused mission, The Optima Foundation plays a key role in promoting innovative educational opportunities and fostering academic excellence.
This information is meant to be a general summary of The Optima Foundation. 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: $25,000
- Program Service Revenue: $3,931,778
- Gross Receipts: $4,156,778
Assets and Liabilities:
- Total Assets: $2,977,209
- Total Liabilities: $914,896
- Net Assets: $2,062,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL SUPPORT SVCS
Revenue
$3,876,481
OTHER INCOME
Revenue
$55,297
Organization Details
Founding Year
2017
Phone
(239) 449-8599Principal Officer
Erika Donalds
Main Address
15275 COLLIER BLVD SUITES 201-299, NAPLES, FL, 34119
Website
www.optimaed.orgNTEE Category
Code: B90 - Education
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