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← OMEGA INSTITUTE FOR HOLISTIC STUDIES INC

Form 990 for tax year 2023

Filed by OMEGA INSTITUTE FOR HOLISTIC STUDIES INC.

Totals

Total revenue
$16,514,349
Total expenses
$18,021,216
Contributions and grants received
$4,418,332
Grants paid
$0
Program service revenue
$11,714,536
Investment income
-$13,350
Other revenue
$394,831
Total assets, end of year
$26,368,804
Total liabilities, end of year
$14,010,103
Net assets or fund balances, end of year
$12,358,701
Program services expenses (Part IX)
$15,291,136
Management and general expenses
$2,166,589
Fundraising expenses
$563,491
Program service expenses (Part III)
$15,291,136

Program services were 84.9% 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

    $4,418,332

  • 1g · Noncash contributions included above

    $627,609

  • 2a · Program service revenue: EDUCATIONAL PROGRAM SERVICES

    total $11,714,536 · related or exempt $11,714,536

  • 3 · Investment income

    total $4,628 · excluded $4,628

  • 7a · Gross sales of assets other than inventory

    securities $627,609

  • 7b · Less cost or other basis and sales expenses

    securities $627,609 · other assets $17,978

  • 7c · Gain or loss

    other assets -$17,978

  • 7d · Net gain or loss

    total -$17,978 · related or exempt -$17,978

  • 11a · Other revenue: SETTLEMENT INCOME

    total $217,254 · related or exempt $217,254

  • 11b · Other revenue: RECOVERY OF GUEST CREDITS

    total $159,142 · related or exempt $159,142

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $13,795 · related or exempt $13,795

  • 11d · All other revenue

    total $4,640 · related or exempt $4,640

  • 11e · Other revenue, total

    $394,831

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $777,225 · management and general $777,225

  • 7 · Other salaries and wages

    total $5,825,357 · program services $5,229,990 · management and general $274,332 · fundraising $321,035

  • 9 · Other employee benefits

    total $464,008 · program services $367,547 · management and general $73,900 · fundraising $22,561

  • 10 · Payroll taxes

    total $607,368 · program services $481,104 · management and general $96,732 · fundraising $29,532

  • 11a · Fees: management

    total $114,200 · management and general $114,200

  • 11b · Fees: legal

    total $4,775 · management and general $4,775

  • 11c · Fees: accounting

    total $32,000 · management and general $32,000

  • 11g · Fees: other

    total $2,497,364 · program services $2,497,364

  • 12 · Advertising and promotion

    total $765,854 · program services $765,854

  • 13 · Office expenses

    total $275,028 · program services $215,101 · management and general $42,724 · fundraising $17,203

  • 16 · Occupancy

    total $952,924 · program services $952,924

  • 20 · Interest

    total $521,596 · program services $7,422 · management and general $513,580 · fundraising $594

  • 22 · Depreciation, depletion and amortization

    total $1,956,678 · program services $1,621,947 · management and general $205,395 · fundraising $129,336

  • 23 · Insurance

    total $295,404 · program services $244,152 · management and general $31,726 · fundraising $19,526

  • 24a · Other expenses: GUEST MEALS AND HOUSING

    total $1,082,494 · program services $1,082,494

  • 24b · Other expenses: OTHER GUEST EXPENSES

    total $545,600 · program services $545,600

  • 24c · Other expenses: PROGRAM PRODUCTION

    total $419,830 · program services $419,830

  • 24d · Other expenses: BOOKSTORE MATERIALS

    total $383,152 · program services $383,152

  • 24e · All other expenses

    total $500,359 · program services $476,655 · fundraising $23,704

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,111 · end of year $2,489

  • 2 · Savings and temporary cash investments

    beginning of year $1,679,337 · end of year $491,259

  • 3 · Pledges and grants receivable

    beginning of year $20,950 · end of year $678,320

  • 4 · Accounts receivable

    beginning of year $12,360 · end of year $17,154

  • 8 · Inventories for sale or use

    beginning of year $141,370 · end of year $140,808

  • 9 · Prepaid expenses and deferred charges

    beginning of year $236,185 · end of year $319,056

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

    $45,501,707

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

    $20,781,989

  • 10c · Land, buildings and equipment, net

    beginning of year $25,261,611 · end of year $24,719,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $741,294 · end of year $1,012,991

  • 19 · Deferred revenue

    beginning of year $1,722,310 · end of year $2,436,545

  • 23 · Secured mortgages and notes payable

    beginning of year $10,023,752 · end of year $9,410,567

  • 24 · Unsecured notes and loans payable

    beginning of year $1,000,000 · end of year $1,150,000

  • 27 · Net assets without donor restrictions

    beginning of year $13,542,666 · end of year $11,314,972

  • 28 · Net assets with donor restrictions

    beginning of year $322,902 · end of year $1,043,729

Mission and programs · 2023

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 $15,291,136 · Revenue $11,714,536

As filed on the 2023 return.

Listed in Part VII

  • Carla Goldstein

    PRESIDENT &

    Total calculated
    $255,582
    From this org
    $232,123
    From related orgs
    $0
    Other
    $23,459
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,123
    Bonus
    $20,000
    Other
    not reported
    Deferred
    $23,459
    Nontaxable benefits
    not reported
    Filer's total
    $255,582

  • Robert C Backus

    CEO EMERITUS

    Total calculated
    $244,224
    From this org
    $236,067
    From related orgs
    $0
    Other
    $8,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,067
    Bonus
    $20,000
    Other
    not reported
    Deferred
    $8,157
    Nontaxable benefits
    not reported
    Filer's total
    $244,224

  • Jennifer Adler

    CFO

    Total calculated
    $157,419
    From this org
    $133,960
    From related orgs
    $0
    Other
    $23,459
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,960
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,459
    Nontaxable benefits
    not reported
    Filer's total
    $157,419

  • Joel Levitan

    SR. BUSINESS

    Total calculated
    $145,444
    From this org
    $129,079
    From related orgs
    $0
    Other
    $16,365
    Hours/week
    40

  • Mari Carol Donahoe

    PROGRAM DIRE

    Total calculated
    $141,060
    From this org
    $132,903
    From related orgs
    $0
    Other
    $8,157
    Hours/week
    40

  • Holly Vanleuvan

    CAMPUS OPS.

    Total calculated
    $141,060
    From this org
    $132,903
    From related orgs
    $0
    Other
    $8,157
    Hours/week
    40

  • Michael Craft

    BUSINESS STR

    Total calculated
    $140,587
    From this org
    $132,430
    From related orgs
    $0
    Other
    $8,157
    Hours/week
    40

  • Cali Alpert

    DIGITAL MEDI

    Total calculated
    $135,210
    From this org
    $127,053
    From related orgs
    $0
    Other
    $8,157
    Hours/week
    40

  • Racquel Joseph

    CDCO

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elizabeth Lesser

    SENIOR ADVIS

    Total calculated
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $75,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $75,000

  • Manuela Roosevelt

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Katherine Collins

    RESIGNED 5/1

    Total calculated
    $0
    Hours/week
    5

  • Sheryl Lamb

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Bruce Shearer

    RESIGNED 2/2

    Total calculated
    $0
    Hours/week
    5

  • Patty Goodwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jamia Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Neonu Jewell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tobias Esch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Artemio Guerra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Devi Brown

    BOARD MEMBER

    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
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202423199349302432

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