Form 990 for tax year 2022
Filed by OMEGA INSTITUTE FOR HOLISTIC STUDIES INC.
Totals
- Total revenue
- $14,633,806
- Total expenses
- $16,382,769
- Contributions and grants received
- $3,587,951
- Grants paid
- $0
- Program service revenue
- $10,296,211
- Investment income
- -$10,737
- Other revenue
- $760,381
- Total assets, end of year
- $27,352,924
- Total liabilities, end of year
- $13,487,356
- Net assets or fund balances, end of year
- $13,865,568
- Program services expenses (Part IX)
- $13,988,087
- Management and general expenses
- $1,915,026
- Fundraising expenses
- $479,656
- Program service expenses (Part III)
- $13,988,087
Program services were 85.4% 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.
-
1e · Government grants (contributions)
$1,750,000
-
1f · All other contributions, gifts and grants
$1,837,951
-
1g · Noncash contributions included above
$383,756
-
2a · Program service revenue: EDUCATIONAL PROGRAM SERVICES
total $10,296,211 · related or exempt $10,296,211
-
3 · Investment income
total $1,252 · excluded $1,252
-
7a · Gross sales of assets other than inventory
securities $374,887
-
7b · Less cost or other basis and sales expenses
securities $377,244 · other assets $9,632
-
7c · Gain or loss
securities -$2,357 · other assets -$9,632
-
7d · Net gain or loss
total -$11,989 · related or exempt -$9,632 · excluded -$2,357
-
11a · Other revenue: RECOVERY OF GUEST CREDITS
total $759,175 · related or exempt $759,175
-
11b · Other revenue: MISCELLANEOUS INCOME
total $1,206 · related or exempt $1,206
-
11e · Other revenue, total
$760,381
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $945,394 · management and general $945,394
-
7 · Other salaries and wages
total $5,385,862 · program services $5,107,740 · management and general $23,945 · fundraising $254,177
-
9 · Other employee benefits
total $517,804 · program services $370,140 · management and general $129,245 · fundraising $18,419
-
10 · Payroll taxes
total $500,920 · program services $404,117 · management and general $76,693 · fundraising $20,110
-
11a · Fees: management
total $122,955 · management and general $122,955
-
11b · Fees: legal
total $4,309 · management and general $4,309
-
11c · Fees: accounting
total $28,000 · management and general $28,000
-
11g · Fees: other
total $2,164,731 · program services $2,164,731
-
12 · Advertising and promotion
total $660,955 · program services $660,955
-
13 · Office expenses
total $277,947 · program services $218,695 · management and general $45,733 · fundraising $13,519
-
16 · Occupancy
total $797,624 · program services $797,624
-
20 · Interest
total $301,035 · management and general $301,035
-
22 · Depreciation, depletion and amortization
total $1,983,807 · program services $1,688,022 · management and general $191,437 · fundraising $104,348
-
23 · Insurance
total $375,956 · program services $319,901 · management and general $36,280 · fundraising $19,775
-
24a · Other expenses: GUEST MEALS AND HOUSING
total $893,228 · program services $893,228
-
24b · Other expenses: OTHER GUEST EXPENSES
total $473,486 · program services $473,486
-
24c · Other expenses: BOOKSTORE MATERIALS
total $342,937 · program services $342,937
-
24d · Other expenses: PROGRAM PRODUCTION
total $211,570 · program services $211,570
-
24e · All other expenses
total $394,249 · program services $334,941 · management and general $10,000 · fundraising $49,308
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,106 · end of year $1,111
-
2 · Savings and temporary cash investments
beginning of year $1,074,741 · end of year $1,679,337
-
3 · Pledges and grants receivable
beginning of year $55,240 · end of year $20,950
-
4 · Accounts receivable
end of year $12,360
-
8 · Inventories for sale or use
beginning of year $201,970 · end of year $141,370
-
9 · Prepaid expenses and deferred charges
beginning of year $224,868 · end of year $236,185
-
10a · Land, buildings and equipment: cost or other basis
$44,398,681
-
10b · Land, buildings and equipment: accumulated depreciation
$19,137,070
-
10c · Land, buildings and equipment, net
beginning of year $25,967,940 · end of year $25,261,611
-
17 · Accounts payable and accrued expenses
beginning of year $470,861 · end of year $741,294
-
19 · Deferred revenue
beginning of year $2,780,289 · end of year $1,722,310
-
22 · Loans and payables to officers and key people
beginning of year $1,000,000
-
23 · Secured mortgages and notes payable
beginning of year $5,913,184 · end of year $10,023,752
-
24 · Unsecured notes and loans payable
beginning of year $1,750,000 · end of year $1,000,000
-
27 · Net assets without donor restrictions
beginning of year $14,976,994 · end of year $13,542,666
-
28 · Net assets with donor restrictions
beginning of year $637,537 · end of year $322,902
Mission and programs · 2022
Mission
THROUGH INNOVATIVE EDUCATIONAL EXPERIENCES THAT AWAKEN THE BEST IN THE HUMAN SPIRIT, OMEGA PROVIDES HOPE AND HEALING FOR INDIVIDUALS AND SOCIETY.
-
PROVIDING INNOVATIVE EDUCATIONAL EXPERIENCES TO INDIVIDUALS IN ORDER TO FOSTER HOPE AND HEALING.
Expenses $13,988,087 · Revenue $10,296,211
As filed on the 2022 return.
Listed in Part VII
-
Robert C BackusROBERT C BACKUS
CEO
- Total calculated
- $247,248
- From this org
- $235,905
- From related orgs
- $0
- Other
- $11,343
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,905
- Bonus
- $20,000
- Other
- not reported
- Deferred
- $11,343
- Nontaxable benefits
- not reported
- Filer's total
- $247,248
-
Carla GoldsteinCARLA GOLDSTEIN
PRESIDENT
- Total calculated
- $221,393
- From this org
- $189,298
- From related orgs
- $0
- Other
- $32,095
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,298
- Bonus
- not reported
- Other
- not reported
- Deferred
- $32,095
- Nontaxable benefits
- not reported
- Filer's total
- $221,393
-
Lois GuarinoLOIS GUARINO
TERM END 9/3
- Total calculated
- $147,892
- From this org
- $130,551
- From related orgs
- $0
- Other
- $17,341
- Hours/week
- 40
-
Joel LevitanJOEL LEVITAN
CFO
- Total calculated
- $184,661
- From this org
- $161,938
- From related orgs
- $0
- Other
- $22,723
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,938
- Bonus
- not reported
- Other
- not reported
- Deferred
- $22,723
- Nontaxable benefits
- not reported
- Filer's total
- $184,661
-
Veronica Fitzgerald KaedyVERONICA FITZGERALD KAEDY
CHIEF DEV. O
- Total calculated
- $144,200
- From this org
- $144,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Michael CraftMICHAEL CRAFT
BUSINESS STR
- Total calculated
- $139,668
- From this org
- $127,627
- From related orgs
- $0
- Other
- $12,041
- Hours/week
- 40
-
Mari Carol DonahoeMARI CAROL DONAHOE
PROGRAM DIRE
- Total calculated
- $134,749
- From this org
- $123,394
- From related orgs
- $0
- Other
- $11,355
- Hours/week
- 40
-
Holly Van LeuvanHOLLY VAN LEUVAN
CAMPUS OPS.
- Total calculated
- $122,385
- From this org
- $111,030
- From related orgs
- $0
- Other
- $11,355
- Hours/week
- 40
-
Kathleen LauciusKATHLEEN LAUCIUS
CREATIVE DIR
- Total calculated
- $123,822
- From this org
- $112,467
- From related orgs
- $0
- Other
- $11,355
- Hours/week
- 40
-
Cali AlpertCALI ALPERT
DIGITAL MEDI
- Total calculated
- $132,085
- From this org
- $120,730
- From related orgs
- $0
- Other
- $11,355
- Hours/week
- 40
-
Elizabeth LesserELIZABETH LESSER
SENIOR ADVIS
- Total calculated
- $90,000
- From this org
- $90,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $90,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $90,000
-
Manuela RooseveltMANUELA ROOSEVELT
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Katherine CollinsKATHERINE COLLINS
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Sheryl LambSHERYL LAMB
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Bruce ShearerBRUCE SHEARER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Patty GoodwinPATTY GOODWIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jamia WilsonJAMIA WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Neonu JewellNEONU JEWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Tobias EschTOBIAS ESCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Artemio GuerraARTEMIO GUERRA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
David OrlinskyDAVID ORLINSKY
TERM END 5/2
- Total calculated
- $0
- Hours/week
- 5
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WISDOM AT WORK LLC
INACTIVE · NY
Directly controlled by OMEGA INST
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349305685
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