Omega Alpha Academy
- Assets
- $4.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 53
- Location
- Douglas, AZ
- Founding
- 06/2001
- Data as of
- 06/2023
- EIN
- 86-1011808
Organization Overview
Omega Alpha Academy is located in Douglas, AZ. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Omega Alpha Academy employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omega Alpha Academy 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 06/2023, Omega Alpha Academy generated $4.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $3.7m during the year ending 06/2023. While expenses have increased by 7.5% per year over the past 5 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
PRIMARY AND SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES ADDITIONAL EDUCATIONAL ALTERNATIVES FOR PARENTS AND STUDENTS IN THE SURROUNDING COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Frisby President | OfficerTrustee | 40 | $220,283 |
Maila Alvarez Director | Trustee | 40 | $55,165 |
Earl Dominga Director | Trustee | 5 | $7,401 |
Claudina Douglas Director | Trustee | 1 | $0 |
Dr Robert Coapman Director | Trustee | 1 | $0 |
Alejandra Miller Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vista Glass Llc Construction | 6/29/23 | $286,270 |
Shade N Net Of Arizona Construction | 6/29/23 | $196,653 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,078,124 |
| 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 | $4,078,124 |
| 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. | $292,328 |
| Compensation of current officers, directors, key employees. | $72,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,672,245 |
| Pension plan accruals and contributions | $24,579 |
| Other employee benefits | $150,826 |
| Payroll taxes | $146,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,669 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,880 |
| Advertising and promotion | $8,963 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $386,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,868 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,610 |
| Insurance | $33,134 |
| All other expenses | $0 |
| Total functional expenses | $3,664,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,082,961 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $575,201 |
| Accounts receivable, net | $0 |
| 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 | $10,738 |
| Net Land, buildings, and equipment | $2,008,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $602,202 |
| Total assets | $4,279,501 |
| Accounts payable and accrued expenses | $19,569 |
| 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 | $26,701 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,717 |
| Total liabilities | $150,987 |
| Net assets without donor restrictions | $4,128,514 |
| 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 | $4,279,501 |