Omega Institute For Holistic Studies Inc

Organization Overview

Omega Institute For Holistic Studies Inc is located in Rhinebeck, NY. The organization was established in 1972. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2021, Omega Institute For Holistic Studies Inc employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omega Institute For Holistic Studies Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Omega Institute For Holistic Studies Inc generated $10.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $11.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THROUGH INNOVATIVE EDUCATIONAL EXPERIENCES THAT AWAKEN THE BEST IN THE HUMAN SPIRIT, OMEGA PROVIDES HOPE AND HEALING FOR INDIVIDUALS AND SOCIETY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING INNOVATIVE EDUCATIONAL EXPERIENCES TO INDIVIDUALS IN ORDER TO FOSTER HOPE AND HEALING.


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Board, Officers & Key Employees

Name (title)Compensation
Robert C Backus
CEO
$178,405
Carla Goldstein
President
$138,791
Lois Guarino
Chief Exp. O
$126,111
Joel Levitan
CFO
$120,285
Margaretta Downey
Chief Market
$113,810
Veronica Fitzgerald Kaedy
Chief Dev. O
$105,932

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Robert Peng Ltd
Teaching
$167,957
Michael Barratt Construction Inc
Construction
$112,243
David Sember Construction
Construction
$370,093
Sanz Consulting Inc
Kitchen Consult
$144,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,707,000
All other contributions, gifts, grants, and similar amounts not included above$3,189,664
Noncash contributions included in lines 1a–1f $1,651,139
Total Revenue from Contributions, Gifts, Grants & Similar$4,896,664
Total Program Service Revenue$4,108,559
Investment income $3,382
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$200,026
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,367,756

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Omega Institute For Holistic Studies Inc has recieved totaling $472,366.

Awarding OrganizationAmount
Novo Foundation

Kingston, NY

PURPOSE: PROJECT SUPPORT: OMEGA WOMEN'S LEADERSHIP CENTER

$175,000
Henry L Kimelman Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$150,000
John E Fetzer Institute Inc

Kalamazoo, MI

PURPOSE: SPONSOR THE 13TH ANNUAL MINDFULNESS IN EDUCATION CONFERENCE

$31,000
Eileen Fisher Foundation

New York, NY

PURPOSE: SUPPORT FOR EDUCATION PROGRAMS IN HOLISTIC STUDIES

$25,000
The Skoll Fund

Mountain View, CA

PURPOSE: OMEGA WOMEN'S LEADERSHIP CENTER

$25,000
Pema Chodron Foundation

Steamboat Springs, CO

PURPOSE: Holistic workshops

$20,000
View Grant Recipient Profile

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