Omega School Inc
- Assets
- $800.3k
- Revenue
- $607.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Madison, WI
- Founding
- 07/1974
- Data as of
- 12/2023
- EIN
- 39-1166888
Organization Overview
Omega School Inc is located in Madison, WI. The organization was established in 1974. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 12/2023, Omega School Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omega School 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 12/2023, Omega School Inc generated $607.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $506.9k during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OPPORTUNITIES FOR PEOPLE TO ENHANCE THEIR LIVES THROUGH ADULT BASIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OMEGA SCHOOL, INC. PROVIDES BASIC SKILLS/GED INSTRUCTION TO ADULT STUDENTS. OMEGA SCHOOL, INC. PROVIDES BASIC READING INSTRUCTION TO ADULT STUDENTS WHO DO NOT MEET THE READING LEVEL OF A BASIC GED STUDENT AND ALSO HAVE COURSES DESIGNED TO PROVIDE INSTRUCTION TO SPANISH SPEAKING ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Thielmann President | OfficerTrustee | 1 | $0 |
Aida Leflore Treasurer | OfficerTrustee | 4 | $0 |
Armando Ibarra Director | Trustee | 1 | $0 |
Reyna Jarquin Director | Trustee | 1 | $0 |
Anthony Cooper Director | Trustee | 1 | $0 |
Yolanda Lehner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $267,648 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,499 |
| Total Program Service Revenue | $50,925 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $607,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,153 |
| Compensation of current officers, directors, key employees. | $61,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,891 |
| Pension plan accruals and contributions | $4,963 |
| Other employee benefits | $25,598 |
| Payroll taxes | $18,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,580 |
| Fees for services: Accounting | $27,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $26,212 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,275 |
| Advertising and promotion | $1,457 |
| Office expenses | $28,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,426 |
| Travel | $12,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,110 |
| Interest | $9,567 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,897 |
| Insurance | $10,080 |
| All other expenses | $0 |
| Total functional expenses | $506,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,575 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $91,674 |
| Accounts receivable, net | $18,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,095 |
| Net Land, buildings, and equipment | $368,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,288 |
| Total assets | $800,260 |
| Accounts payable and accrued expenses | $21,083 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $138,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,000 |
| Total liabilities | $234,483 |
| Net assets without donor restrictions | $418,706 |
| Net assets with donor restrictions | $147,071 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $800,260 |