Liabilities / Assets
100th percentile
Higher debt load relative to assets than 100% of similar nonprofits.
The Omega Youth Leadership Academy Inc
EIN 45-3735061 • 501(c)3 • Dallas, TX
Profile
To inspire and eduate males of color
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1284.00x
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
73rd percentile
Higher net margin than 73% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
55th percentile
Faster asset growth than 55% of similar nonprofits.
Revenue Growth
80th percentile
Faster revenue growth than 80% of similar nonprofits.
Balance Sheet
Assets
Flat$0
Flat from 2019
Liabilities
Down$1,284
Down $3,731 (-74%) from 2019
Net Assets
Up-$1,284
Up $3,731 (+74%) from 2019
Revenue
Up$19,519
Up $5,254 (+37%) from 2019
Expenses
Down$15,788
Down $9,809 (-38%) from 2019
Net Income
Up$3,731
Up $15,063 (+133%) from 2019
Trend Graphs
Filings
Most recent year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $1,284
- Net assets
- -$1,284
- Revenue
- $19,519
- Expenses
- $15,788
- Net income
- $3,731
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Sep 8, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $19,519
Mission and Program Overview
Mission
To inspire and eduate males of color
Program Services
| Description | Grants | Expenses |
|---|---|---|
| To inspire and educate males of color grades 5-12 to realize and attain their academic goals and personal potential. This takes place through culturally competent leadership. | $15,300 | $15,787 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Larry C Ross | President | PT | $0 | - | - |
| Carl Blunt | Chairman | - | $0 | - | - |
| Terry Alford | Treasurer | - | $0 | - | - |
| Marc Sutton | Secretary | - | $0 | - | - |
| Joe Hernandez | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Omega Youth Leadership Academy Inc
- EIN
- 45-3735061
- Address
- 11700 Preston Road STE 660, Dallas, TX 75230-2739
Signing Officer
- Name
- Larry C Ross
- Title
- President
- Phone
- 6232266952
- Signed
- 2021-09-08
- Discuss with paid preparer
- Yes
Preparer
- Firm
- New Beginnings One Stop Tax Relief
- Address
- 5010 E Warner Road Suite 212B, Phoenix, AZ 85044
- Preparer
- Channika Daniels
- Phone
- 4806637867
Supplemental Narrative
Additional Explanations
Description of other expenses Part I line 16
“Description AmountOperations 868Liability Insurance 820Marketing 999Advertising 55Other 103”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearNet Assets or Fund Balances 5,015 1,284These liabilities were Balance of last years positive Funds to 2019 negative amount to equal the retained earnings.”
Other program services Part III line 31
“Organizations Primary Exempt Purpose: To inspire and educate males of color grades 5-12 to realize and attain their academic goals and personal potential. This takes place through culturally competent leadership and academic workshops, service-learning, and academic enrichment activities.”
Raw XML Appendix157 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OrganizationHadUBIInd | 0 | false |
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| IRS990EZ/OtherExpensesTotalAmt | 0 | 2845 |
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| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | AZ |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/TanningServicesProvidedInd | 0 | false |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Category Beginning of Year End of YearNet Assets or Fund Balances 5,015 1,284These liabilities were Balance of last years positive Funds to 2019 negative amount to equal the retained earnings. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Organizations Primary Exempt Purpose: To inspire and educate males of color grades 5-12 to realize and attain their academic goals and personal potential. This takes place through culturally competent leadership and academic workshops, service-learning, and academic enrichment activities. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other program services Part III line 31 |
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| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
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| ReturnHeader/ReturnTs | 0 | 2021-09-08T11:54:31-04:00 |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
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| ReturnHeader/TaxYr | 0 | 2020 |
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