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Nonprofiteer
← OMEGA POINT INSTITUTE

Form 990 for tax year 2023

Filed by OMEGA POINT INSTITUTE.

Totals

Total revenue
$455,821
Total expenses
$122,271
Contributions and grants received
$435,562
Grants paid
$71,426
Program service revenue
$0
Investment income
$20,259
Other revenue
$0
Total assets, end of year
$660,563
Total liabilities, end of year
$151,084
Net assets or fund balances, end of year
$509,479
Program services expenses (Part IX)
$106,715
Management and general expenses
$11,370
Fundraising expenses
$4,186
Program service expenses (Part III)
$106,715

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $435,562

  • 3 · Investment income

    total $20,259 · excluded $20,259

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $71,426 · program services $71,426

  • 11a · Fees: management

    total $24,000 · program services $19,200 · management and general $1,200 · fundraising $3,600

  • 11b · Fees: legal

    total $967 · management and general $967

  • 11c · Fees: accounting

    total $3,250 · program services $325 · management and general $2,600 · fundraising $325

  • 13 · Office expenses

    total $3,865 · program services $773 · management and general $3,092

  • 16 · Occupancy

    total $17,000 · program services $13,600 · management and general $3,400

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,738 · program services $1,391 · management and general $86 · fundraising $261

  • 24b · Other expenses: TAXES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,986 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $390,622 · end of year $455,842

  • 11 · Investments: publicly traded securities

    beginning of year $251,707 · end of year $204,721

  • 22 · Loans and payables to officers and key people

    beginning of year $347,400 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $142,949

  • 25 · Other liabilities

    beginning of year $0 · end of year $8,135

  • 27 · Net assets without donor restrictions

    beginning of year $147,915 · end of year $509,479

Mission and programs · 2023

Mission

PROMOTION OF PUBLIC INTEREST & BENEFIT.

  • GRANTS TO ORGANIZATIONS AND INDIVIDUALS FOR TAX EXEMPT PURPOSES.

    Expenses $106,715 · Grants $71,426

As filed on the 2023 return.

Listed in Part VII

  • Rinaldo S Brutoco

    CHAIRMAN/PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Lalla D Brutoco

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Viviana Gonzalez

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Ray Afshordi

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Diane Cirincione

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dana Morse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jerry Lucera

    CFO

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MISSION RIDGE HACIDENA LP

    REAL ESTATE INVESTMENT · CA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DORASON CORPORATION

    C · MANUFACTURING · CA

  • SHANGRI-LA CONSULTING CORPORATION

    S · CONSULTING SERVICE · CA

  • SEVEN OAKS RANCH INC

    C · GROWING AND MANUFACTURING · CA

  • LIVE WELL BRANDS

    C · COSMETICS MANUFACTURING · CA

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349315205

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