Better Business Bureau Report for
Optimist International Foundation

Better Business Bureau Report issued June 2008
Better Business Bureau Report expires June 2009


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Optimist International Foundation
Address: 4494 Lindell Blvd.
  Saint Louis, MO 63108
Phone: 314-371-6000
800-500-8130
Web Address: www.oifoundation.org
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 1971, Missouri
Affiliates: None
Stated Purpose: Exists to seek, receive and manage funds and real and personal property for the benefit of Optimist International and its Member Clubs for charitable, literary, and educational activities.

Back To Top

Evaluation Conclusions

               

Optimist International Foundation (OIF) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

Foundation supports Optimist International and its international programs for scholarships in oratory, essay, and the communications contest for the deaf and hard of hearing, its youth leadership and service program, and other programs as requested from time to time. Foundation assists Optimist Clubs in gaining support for their local projects. Foundation educates and trains Optimist leaders in philanthropy.

For the fiscal year ended September 30, 2007, OIF's program expenses were:

  
Charitable, literary, and educational programs 966,653
Scholarships 206,521
Youth Programs 85,000
Total Program Expenses: $1,258,174
Back To Top

Governance

               

Chief Executive : Judith A. Smith, Executive Director
Compensation*:
 $139,146

Chair of the Board: Ron Graves
Chair's Profession / Business Affiliation: Insurance Executive

Board Size: 5

Paid Staff Size: 6

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, internet, planned giving arrangements
Fund raising costs were 14% of related contributions. (Related contributions, which totaled $1,569,371, are donations received as a result of fund raising activities.)
Back To Top

Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top

Financial

               

The following information is based on OIF's audited financial statements for the fiscal year ended September 30, 2007.

Source of Funds  
Contributions 1,152,991
Revenues and gains 947,599
Club Grant Program 385,665
Endowments 129,030
Other 57,707
CCDHH scholarships 28,318
Pave the Way Scholarship endowments 2,397
Total Income $2,703,707


chart



Uses of Funds as a % of Total Expenses

Programs: 78%  Fund Raising: 14%  Administrative: 8% 

Total income   $2,703,707
  Program expenses $1,258,174
  Fund raising expenses 220,364
  Administrative expenses 133,422
 
Total expenses   $1,611,960
Income in Excess of Expenses   1,091,747
Beginning net assets   3,207,494
Ending net assets   4,299,241
Total liabilities   2,769,511
Total assets   $7,068,752


Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.