Foundation to Ensure the Future of Options Inc

Nonprofit profile at a glance

EIN
461233735
IRS 990-EZ coverage
2012–2024
Forms available
Form 990-EZ 2024
Location
Hammond, LA, USA
Phone
9853456269
Rating confidence
Limited
Sector
Specialized Education Institutions

Reported finances

Revenue
$11,656
Expenses
$4
Assets
$182,458
Liabilities
$115,070

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MATTHEW COTTON (PRESIDENT)

People named in this filing

  • MATTHEW COTTON (PRESIDENT)
  • JOHN POTEET (SECRETARY/TREASURER)
  • SEMMES HUGHS (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the foundation to ensure the future of options is to seek private, substantial contributions for the general support of options. The foundation seeks to expand work opportunities for people with developmental disabilities, ensure options has the resources it needs to provide quality services for people with disabilities, and to provide land, buildings, equipment and start-up costs to support the options mission.

What it reported doing in 2024

The purpose of the foundation is to generally support options, inc. And the clients of options, inc by seeking and soliciting substantial gifts and donations from individuals, corporations and charitable foundations, invest funds received by the foundation and distribute those funds for the support of options, inc and the clients of options, inc or the successor organization of options, inc.

Operating model

Revenue model
Donor-supported. 60% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Sustainability: 84
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 100%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 45,614.5; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0.63; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 9.6% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 23% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.