Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-4161312

OPTIONS INITIATIVE INC

Tax-exempt · OAK PARK, IL 60301

Financials

$210K$144K2024
Revenue Expenses · by fiscal year end
Financials of OPTIONS INITIATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$209,598$144,269$65,329$65,731$0$65,731
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$209,598
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$44,384
Salaries, compensation and benefits (total)
$44,384
Professional fundraising fees
$0
Accounting fees
$85
Occupancy
$7,654
Program services (functional)
$119,741
Management and general (functional)
$22,905
Fundraising (functional)
$1,623

Balance sheet and other

Total assets, start of year
$402
Total assets, end of year
$65,731
Total liabilities, end of year
$0
Net assets, end of year
$65,731
Net assets without donor restrictions
$65,731
Gross receipts
$209,598
Employees
0
Year formed
2021
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ADAM TAYLORPRESIDENT
Officer
25$10,250
ELEANOR TAYLORSECRETARY
Officer
1$0
WILLIAM TAYLORTREASURER
Officer
1.5$0

Address and contacts

Address (IRS master file)
137 N OAK PARK AVE STE 207, OAK PARK, IL 60301-1340
Mailing address (990-N for 2023)
1522 Marengo Ave, Forest Park IL 60130
Principal officer (990 for 2024)
ADAM TAYLOR, 137 N OAK PARK AVENUE SUITE 207, OAK PARK, IL 60301
Principal officer (990-N for 2023)
Adam Taylor, 1522 Marengo Ave, Forest Park IL 60130
Signed the 990
ADAM TAYLOR, PRESIDENT
Phone
(708) 220-4739
Return prepared by
ALAP LIMITED

Mission

OUR ORGANIZATION AIMS TO EXPAND THE SCOPE OF CAREER CHOICES FOR BLACK YOUTH BY PROVIDING IMPACTFUL EXPERIENCES, RESOURCES, AND EXPOSURE TO VARIOUS INDUSTRIES.

990 for the year ended December 31, 2024

Program accomplishments

  • OUR ORGANIZATION AIMS TO EXPAND THE SCOPE OF CAREER CHOICES FOR BLACK YOUTH BY PROVIDING IMPACTFUL EXPERIENCES, RESOURCES, AND EXPOSURE TO VARIOUS INDUSTRIES.
    Expenses $119,741 · revenue $209,598

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
85-4161312
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$65,731
Income (IRS master file)
$209,598

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$209,598$144,269$65,731IRS
990-N for 2023
Officer: Adam Taylor
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2021
Officer: Adam Taylor
December 31, 2021≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-4161312).

Questions about OPTIONS INITIATIVE INC

What is the EIN of OPTIONS INITIATIVE INC?
The employer identification number (EIN) of OPTIONS INITIATIVE INC is 85-4161312.
Is OPTIONS INITIATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to OPTIONS INITIATIVE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OPTIONS INITIATIVE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of OPTIONS INITIATIVE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OPTIONS INITIATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of OPTIONS INITIATIVE INC?
The 990 for the year ended December 31, 2024 names ADAM TAYLOR.
Who are the officers and directors of OPTIONS INITIATIVE INC?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $10,250 (ADAM TAYLOR, PRESIDENT).
How much revenue does OPTIONS INITIATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $209,598, expenses of $144,269 and total assets of $65,731 at year end.

Other nonprofits in OAK PARK

All nonprofits in OAK PARK · Illinois