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Nonprofiteer
← OMEGA POINT INSTITUTE

Form 990 for tax year 2022

Filed by OMEGA POINT INSTITUTE.

Totals

Total revenue
$111,244
Total expenses
$257,112
Contributions and grants received
$89,434
Grants paid
$139,382
Program service revenue
$399
Investment income
$18,634
Other revenue
$2,777
Total assets, end of year
$645,315
Total liabilities, end of year
$497,400
Net assets or fund balances, end of year
$147,915
Program services expenses (Part IX)
$229,401
Management and general expenses
$16,350
Fundraising expenses
$11,361
Program service expenses (Part III)
$229,401

Program services were 89.2% 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

    $89,434

  • 2a · Program service revenue: PROGRAM CONSULTING

    total $399 · related or exempt $399

  • 3 · Investment income

    total $18,634 · excluded $18,634

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,777 · related or exempt $2,777

  • 11e · Other revenue, total

    $2,777

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $139,382 · program services $139,382

  • 11a · Fees: management

    total $65,000 · program services $52,000 · management and general $3,250 · fundraising $9,750

  • 11b · Fees: legal

    total $2,416 · management and general $2,416

  • 11c · Fees: accounting

    total $11,979 · program services $1,199 · management and general $9,583 · fundraising $1,197

  • 13 · Office expenses

    total $919 · program services $184 · management and general $735

  • 16 · Occupancy

    total $509 · program services $408 · management and general $25 · fundraising $76

  • 17 · Travel

    total $640 · program services $577 · fundraising $63

  • 24a · Other expenses: CK VISIONARY FUND

    total $34,182 · program services $34,182

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,835 · program services $1,469 · management and general $91 · fundraising $275

  • 24c · Other expenses: TAXES

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,232 · end of year $2,986

  • 5 · Loans and receivables from officers and key people

    beginning of year $364,245 · end of year $390,622

  • 11 · Investments: publicly traded securities

    beginning of year $296,963 · end of year $251,707

  • 22 · Loans and payables to officers and key people

    beginning of year $203,400 · end of year $347,400

  • 24 · Unsecured notes and loans payable

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

  • 27 · Net assets without donor restrictions

    beginning of year $339,040 · end of year $147,915

Mission and programs · 2022

Mission

PROMOTION OF PUBLIC INTEREST & BENEFIT.

  • GRANTS TO ORGANIZATIONS AND INDIVIDUALS.

    Expenses $229,401 · Grants $139,382 · Revenue $3,176

As filed on the 2022 return.

Listed in Part VII

  • Rinaldo S Brutoco

    CHAIRMAN/PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lalla D Brutoco

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Viviana Gonzalez

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ray Afshordi

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Diane Cirincione

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

    S · GROWING AND MANUFACTURING · CA

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349326399

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