Omega Point Institute
- Assets
- $645.3k
- Revenue
- $111.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 52-1312278
Organization Overview
Omega Point Institute is located in Santa Barbara, CA. The organization was established in 1997. According to its NTEE Classification (V99) the organization is classified as: Social Science N.E.C., under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omega Point Institute 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, Omega Point Institute generated $111.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $257.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Omega Point Institute has awarded 32 individual grants totaling $386,559. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF PUBLIC INTEREST & BENEFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZATIONS AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rinaldo S Brutoco Chairman/president | OfficerTrustee | 1 | $0 |
Lalla D Brutoco Board Member | Trustee | 1 | $0 |
Viviana Gonzalez Secretary | OfficerTrustee | 1 | $0 |
Ray Afshordi Treasurer | OfficerTrustee | 1 | $0 |
Diane Cirincione Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,434 |
| Total Program Service Revenue | $399 |
| Investment income | $18,634 |
| 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 | $111,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $139,382 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,000 |
| Fees for services: Legal | $2,416 |
| Fees for services: Accounting | $11,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $509 |
| Travel | $640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $257,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,986 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $390,622 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $251,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $645,315 |
| Accounts payable and accrued expenses | $0 |
| 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 | $347,400 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $497,400 |
| Net assets without donor restrictions | $147,915 |
| Net assets with donor restrictions | $0 |
| 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 | $645,315 |
Grants Awarded
Over the last fiscal year, Omega Point Institute has awarded $139,382 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DIVINE ASSISTANTS INTERNATIONAL PURPOSE: CHARITABLE CONTRIBUTION | $34,800 |
ELEVATION BEHAVIORAL PURPOSE: CHARITABLE CONTRIBUTION | $14,596 |
JUST CAPITAL PURPOSE: CHARITABLE CONTRIBUTION | $35,001 |
WITHOUT SHELTER PURPOSE: CHARITABLE CONTRIBUTION | $9,985 |
CITY NET PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
UNSTOPPABLE FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buck Institute For Research On Aging Novato, CA | $142,592,130 | $58,082,777 |
California Chapter American Planning Association Sacramento, CA | $1,769,772 | $1,810,560 |
Society For Social Studies Of Science Eugene, OR | $729,972 | $836,969 |
Experience Matters Consortium Inc Phoenix, AZ | $210,653 | $319,891 |
Global Game Jam San Luis Obispo, CA | $300,301 | $506,041 |
Omega Point Institute Santa Barbara, CA | $645,315 | $111,244 |
Institute For Holotropics Novato, CA | $41,287 | $0 |
Pan Cretan Chapter Of Marin And Sonoma Counties Inc Petaluma, CA | $27,259 | $0 |
San Francisco Astrological Society San Jose, CA | $9,758 | $0 |
Voice Of The Chinese Medicine Foundation Inc Cupertino, CA | $12,270 | $0 |
Association For Young Astrologers Los Angeles, CA | $4,798 | $0 |
Dalai Lama Center For Ethics And Transformative Values Mesa, AZ | $7,297,250 | $0 |