Prior Lake Optimists Fund
Nonprofit profile at a glance
- EIN
- 411954467
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024, Form 990-T 2024
- Location
- Prior Lake, MN, USA
- Phone
- 9524406500
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Children's, Youth Services
Reported finances
- Revenue
- $36,883
- Expenses
- $21,997
- Assets
- $283,984
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- SCOTT D CARLSON (President)
- STEVE SCHMID (President & CEO)
People named in this filing
- LEE SCHIMECK (Director)
- SCOTT D CARLSON (President)
- LINDA RINGSTAD (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To nurture and support youth in our community through active involvement with and financial support for schools, established youth organizations, and other youth programs to bring out the best in kids.
What it reported doing in 2024
To nurture and support youth in our community through active involvement with and financial support for schools, established organizations, and other youth programs to bring out the best in kids.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 100
- Sustainability: 75
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.1%; rating input score 57
- 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: 40.4%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 12.91; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 28.1% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: -3.3% per year; rating input score 0; 39th percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 35th percentile among comparable filings
Details
- Where the money goes: 57.1% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2014 to 2024
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.