Optima Education Network Inc
Nonprofit profile at a glance
- EIN
- 991762012
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Naples, FL, USA
- Phone
- 2392143440
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $5,017,053
- Expenses
- $4,976,975
- Assets
- $79,855
- Liabilities
- $39,777
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- CHRIS HUDSON (CHAIRMAN)
- GLENTON GLIZEAN (VICE CHAIRMAN)
- CARY MITCHELL (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Optima education network's vision is to introduce our scholars to the good, the true, and the beautiful, both in our curriculum, and in the world around them. We aspire to educate students in such a way that they will be prepared to participate meaningfully in whichever pursuits they desire, and to do so understanding that happiness is only truly achieved when it is found in the pursuit of something worthwhile.
What it reported doing in 2024
To introduce our scholars to the good, the true, and the beautiful, both in our curriculum, and in the world around them. We aspire to educate students in such a way that they will be prepared to participate meaningfully in whichever pursuits they desire, and to do so understanding that happiness is only truly achieved when it is found in the pursuit of something worthwhile.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 90
- Accountability: 42
- Sustainability: 31
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.1%; rating input score 97
- Program expense ratio: 97.8%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.8%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 97.1% of revenue deployed · 97.8% of spending went to programs
- Governance: 0 of 6 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $4.9M in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Highest-paid contractors: 1 contractor listed · $3.4M reported
- Consistency: 16 of 16 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- 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 — Accountability: Independent voting board scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.