Options In Education Foundation Inc
Options In Education Foundation Inc shows fluctuating revenues and consistent zero officer compensation, with recent significant liabilities.
EIN: 204996801 · Noblesville, IN · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $392K |
| Total Expenses | $384K |
| Program Spending | 80% |
| Net Assets | $3.8M |
| Transparency Score | 75/100 |
Is Options In Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Options In Education Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Options In Education Foundation Inc
Options In Education Foundation Inc (EIN: 204996801) is a nonprofit organization based in Noblesville, IN, classified under NTEE code B112. The organization reported total revenue of $392K and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Options In Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Options In Education Foundation Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $512K |
| Total Expenses | $384K |
| Surplus / Deficit | +$128K |
| Total Assets | $7.2M |
| Total Liabilities | $3.4M |
| Net Assets | $3.8M |
| Operating Margin | 25.1% |
| Debt-to-Asset Ratio | 47.6% |
| Months of Reserves | 226.0 months |
Financial Health Grade: A
In 2023, Options In Education Foundation Inc reported a surplus of $128K with revenue exceeding expenses, holds 226.0 months of operating reserves (strong position), has a debt-to-asset ratio of 47.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Options In Education Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.8% | -11.9% | -0.2% |
| 2022 | -61.8% | +636.0% | +4.0% |
| 2021 | +58.2% | +122.1% | +411.1% |
| 2020 | +4858.5% | -26.4% | +2710.3% |
| 2019 | -71.5% | -47.2% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Options In Education Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Options In Education Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $128K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is a strong positive for transparency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Options In Education Foundation Inc's IRS 990 filings:
- Significant and growing liabilities without clear explanation in summary data (e.g., $3.4M in 2023)
- Highly fluctuating revenue and expense patterns, making consistent financial performance difficult to assess.
Strengths
The following positive indicators were identified for Options In Education Foundation Inc:
- Consistent 0% officer compensation, indicating strong financial transparency and dedication of resources to the mission.
- Significant asset base ($7.1M in 2023) provides financial stability and potential for future program expansion.
- Demonstrated ability to generate substantial revenue in certain periods (e.g., $2.1M in 2021).
Frequently Asked Questions about Options In Education Foundation Inc
Is Options In Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Options In Education Foundation Inc (EIN: 204996801) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Options In Education Foundation Inc spend its money?
Options In Education Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Options In Education Foundation Inc tax-deductible?
Options In Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204996801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Options In Education Foundation Inc's spending goes to programs?
Options In Education Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Options In Education Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Options In Education Foundation Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Options In Education Foundation Inc located?
Options In Education Foundation Inc is headquartered in Noblesville, Indiana and files with the IRS under EIN 204996801. It is classified under NTEE code B112.
How many years of IRS 990 filings does Options In Education Foundation Inc have?
Options In Education Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $392K in total revenue.
What is the nature of the significant liabilities reported in recent years (e.g., $3,441,392 in 2023)?
The IRS 990 filings show a substantial increase in liabilities starting in 2021, reaching $3,680,525 in 2021 and $3,441,392 in 2023. Understanding the composition of these liabilities (e.g., program-related investments, debt, deferred revenue) is crucial for a complete financial picture.
How does the organization manage its significant asset growth, particularly in years with low expenses relative to revenue (e.g., 2021 revenue $2.1M vs. expenses $59K)?
The large discrepancy between revenue and expenses in certain years suggests that a significant portion of income is being retained and added to assets, which grew from $1.3M in 2020 to $6.9M in 2021. This strategy could be for long-term endowment building or specific large-scale future projects.
What are the specific programs funded by the organization, given its NTEE code B112 (Elementary & Secondary Education)?
While the NTEE code indicates a focus on education, the filings do not detail specific program activities. Understanding the nature and impact of their educational initiatives would provide better insight into their mission effectiveness.
Filing History
IRS 990 filing history for Options In Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Options In Education Foundation Inc's revenue has grown by 898.3%, moving from $51K to $512K. Total assets increased by 130602.9% over the same period, from $6K to $7.2M. Total functional expenses rose by 608.4%, from $54K to $384K. In its most recent filing year (2023), Options In Education Foundation Inc reported a surplus of $128K, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $7.2M in assets (debt-to-asset ratio: 47.6%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $512K | $384K | $7.2M | $3.4M | — | — |
| 2022 | $811K | $436K | $7.2M | $3.6M | — | View 990 |
| 2021 | $2.1M | $59K | $7.0M | $3.7M | — | View 990 |
| 2020 | $1.3M | $27K | $1.4M | $0 | — | View 990 |
| 2019 | $27K | $36K | $48K | $0 | — | View 990 |
| 2018 | $95K | $69K | $58K | $0 | — | — |
| 2017 | $55K | $61K | $31K | $0 | — | View 990 |
| 2016 | $65K | $47K | $38K | $0 | — | View 990 |
| 2015 | $63K | $60K | $19K | $0 | — | View 990 |
| 2014 | $41K | $33K | $16K | $0 | — | View 990 |
| 2013 | $18K | $17K | $8K | $0 | — | View 990 |
| 2012 | $70K | $69K | $7K | $0 | — | View 990 |
| 2011 | $51K | $54K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $512K, expenses of $384K, and assets of $7.2M (revenue -36.8% year-over-year).
- 2022: Revenue of $811K, expenses of $436K, and assets of $7.2M (revenue -61.8% year-over-year).
- 2021: Revenue of $2.1M, expenses of $59K, and assets of $7.0M (revenue +58.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $27K, and assets of $1.4M (revenue +4858.5% year-over-year).
- 2019: Revenue of $27K, expenses of $36K, and assets of $48K (revenue -71.5% year-over-year).
- 2018: Revenue of $95K, expenses of $69K, and assets of $58K (revenue +73.8% year-over-year).
- 2017: Revenue of $55K, expenses of $61K, and assets of $31K (revenue -16.6% year-over-year).
- 2016: Revenue of $65K, expenses of $47K, and assets of $38K (revenue +4.2% year-over-year).
- 2015: Revenue of $63K, expenses of $60K, and assets of $19K (revenue +53.8% year-over-year).
- 2014: Revenue of $41K, expenses of $33K, and assets of $16K (revenue +123.6% year-over-year).
- 2013: Revenue of $18K, expenses of $17K, and assets of $8K (revenue -74.0% year-over-year).
- 2012: Revenue of $70K, expenses of $69K, and assets of $7K (revenue +36.7% year-over-year).
- 2011: Revenue of $51K, expenses of $54K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Options In Education Foundation Inc:
Data Sources and Methodology
This transparency report for Options In Education Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.