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Nonprofiteer
← OMCA TOWN SQUARE INC

Form 990 for tax year 2023

Filed by OMCA TOWN SQUARE INC.

Totals

Total revenue
$775,222
Total expenses
$666,553
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$775,222
Investment income
$0
Other revenue
$0
Total assets, end of year
$17,085,269
Total liabilities, end of year
$14,040,768
Net assets or fund balances, end of year
$3,044,501
Program services expenses (Part IX)
$666,553
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$666,553

Program services were 100.0% 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.

  • 2a · Program service revenue: LEASE INCOME

    total $775,222 · related or exempt $775,222

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $12,500 · program services $12,500

  • 11g · Fees: other

    total $12,020 · program services $12,020

  • 20 · Interest

    total $194,778 · program services $194,778

  • 22 · Depreciation, depletion and amortization

    total $447,055 · program services $447,055

  • 24a · Other expenses: LICENSES AND FEES

    total $200 · program services $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,353,298 · end of year $1,326,365

  • 10a · Land, buildings and equipment: cost or other basis

    $14,833,451

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,332,824

  • 10c · Land, buildings and equipment, net

    beginning of year $13,947,682 · end of year $13,500,627

  • 15 · Other assets

    beginning of year $1,613,055 · end of year $2,258,277

  • 17 · Accounts payable and accrued expenses

    beginning of year $718,573 · end of year $743,293

  • 25 · Other liabilities

    beginning of year $13,259,630 · end of year $13,297,475

  • 27 · Net assets without donor restrictions

    beginning of year $2,935,832 · end of year $3,044,501

Mission and programs · 2023

Mission

THE GENERAL PURPOSE OF OMCA TOWN SQUARE, INC. IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE OAKLAND MUSEUM OF CALIFORNIA.

  • THE GENERAL PURPOSE OF OMCA TOWN SQUARE, INC. IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE OAKLAND MUSEUM OF CALIFORNIA.

    Expenses $666,553 · Revenue $775,222

As filed on the 2023 return.

Listed in Part VII

  • Lori G Fogarty

    TREASURER

    Total calculated
    $328,669
    From this org
    $0
    From related orgs
    $310,500
    Other
    $18,169
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,651 related
    Nontaxable benefits
    $0 + $8,518 related
    Filer's total
    $0 + $328,669 related

  • Kimberly O Carim

    SECRETARY

    Total calculated
    $213,276
    From this org
    $0
    From related orgs
    $198,822
    Other
    $14,454
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,822 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,956 related
    Nontaxable benefits
    $0 + $8,498 related
    Filer's total
    $0 + $213,276 related

  • Lance A Gyorfi

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Myron Moye

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Christopher C Curtis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 January 2025
IRS schema version
2023v6.0
Source object
202540159349300814

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