Omniworks Economic Development Corporation is located in El Segundo, CA. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omniworks Economic Development Corporation 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 12/2022, Omniworks Economic Development Corporation generated $87.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $136.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
COACHING AND SUPPORTING WOMEN IN SMALL BUSINESS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joni K Topper President | 7 | $10,380 | |
William Brent Imai Secretary And Treasurer | 15 | $6,892 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $98,624 |
| Professional fees and other payments to independent contractors | $24,450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,541 |
| Total expenses | $136,615 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,597 |
| Other assets | $0 |
| Total assets | $5,597 |
| Total liabilities | $5,597 |
| Net assets or fund balances | $0 |