Overview
What is Option Inc?
Option Inc is a nonprofit organization located in Hobbs, New Mexico, specifically at 200 N Dalmont, ZIP code 88240. Their mission is centered around advocating and assisting individuals impacted by domestic violence. They achieve this by offering emergency and transitional shelter, emotional support, and empowerment opportunities through educational programs. This enables their clients to strive for self-sufficiency and work towards reducing domestic violence incidents through awareness and education. Option Inc operates as a safe haven for victims, providing essential support and resources during their challenging journey towards recovery.
Official website here: www.optioninc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%, Two-Star out of Four Star rating)
Option Inc has received a rating indicating that there is room for improvement, with an overall score of 69%. The organization has a strong accountability and finance score of 73, highlighting effective governance practices, including a fully independent board. However, significant concerns arise from the lack of available financial statements and essential policies, such as a whistleblower policy and document retention protocol, which have not been implemented.
The organization demonstrates a commendable program expense ratio of 75.34%, suggesting that a significant portion of its budget is allocated directly to its mission of providing shelter. Furthermore, Option Inc serves a notable number of individuals, offering shelter that exceeds fair market rent values. Despite these strengths, the absence of critical financial documentation raises questions about transparency and overall financial health.
In summary, while Option Inc shows promising programmatic achievements and effective governance structures, the lack of transparency in financial reporting and missing operational policies may hinder trust among potential donors and stakeholders. To enhance its standing, the organization may need to address these limitations and improve its documentation practices.
This AI summary has been generated from information found on Charity Navigator.
Is Option Inc legitimate?
Option Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Option 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: $372,061
For more financial information, click here
Official website here: www.optioninc.org
What is the mission statement of Option Inc?
Option Inc, as a non-profit organization, is committed to offering a safe sanctuary and support to individuals who have experienced domestic violence. Their mission is accomplished through advocacy and assistance, providing emergency and transitional shelter, emotional support, and empowerment opportunities through educational programs. This aim is to foster self-sufficiency and contribute to a reduction in the occurrence of domestic violence. Option Inc also works towards decreasing incidents by promoting education and awareness.
Official website here: www.optioninc.org
Who is the CEO of Option Inc?
Robert Guthrie is the Executive Di of Option Inc.
Official website here: www.optioninc.org
What is the revenue of Option Inc?
Option Inc's revenue in 2023 was $693,561.
Official website here: www.optioninc.org
Who are the executives of Option Inc and what are their salaries?
The average compensation at Option Inc during 2023 was $23,254. There are 16 employees and 12 volunteers at Option Inc.
Here are 12 key members and their salaries:
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Official website here: www.optioninc.org
Where can I find the form 990 for Option Inc?
Option Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.optioninc.org
Learn more at the official website: www.optioninc.org
Mission Statement of Option Inc
Option Inc, as a non-profit organization, serves as a safe haven and offers support to victims of domestic violence. Their mission is twofold: firstly, they aim to provide a secure environment for those affected by domestic violence, offering emergency and transitional shelters. Secondly, they strive to reduce the occurrence of such incidents through educational programs and awareness campaigns. Option Inc achieves this mission by advocating for individuals affected by domestic violence, providing them with emotional support, and offering empowerment opportunities through educational programs. These programs aim to promote self-sufficiency, ultimately reducing the incidence of domestic violence.
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Impact
July, 2024
Option Inc's impact is profound in providing a safe haven and support for victims of domestic violence. By offering emergency and transitional shelter, emotional support, empowerment opportunities, and educational programs, Option Inc works tirelessly to assist individuals affected by domestic violence. Additionally, through advocacy efforts and awareness campaigns, Option Inc aims to reduce the incidence of domestic violence in the community. Their mission is focused on empowering individuals to achieve self-sufficiency and break the cycle of violence. This organization plays a crucial role in addressing a significant social issue and improving the lives of those impacted by domestic violence.
This information is meant to be a general summary of Option 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: $303
- Gross Receipts: $693,561
Assets and Liabilities:
- Total Assets: $737,279
- Total Liabilities: $74,599
- Net Assets: $662,680
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Organization Details
Founding Year
1979
Phone
(575) 397-1576Principal Officer
Robert Guthrie
Main Address
200 N DALMONT, HOBBS, NM, 88240
Website
www.optioninc.orgNTEE Category
Code: P430 - Human services
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