Overview
What is Omega Charitable Developers Inc?
Omega Charitable Developers Inc is a Houston, Texas-based nonprofit organization dedicated to providing grants and supporting the development of philosophy and theology schools. The entity's mission revolves around advancing knowledge in these fields through financial aid and institutional growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 63%)
Omega Charitable Developers Inc has received a two-star rating from Charity Navigator, reflecting a need for improvement in various organizational aspects. The overall score of 63% indicates that while the charity has some strengths, particularly with 100% independent board members and a high program expense ratio, there are significant weaknesses that require attention, notably in financial transparency and governance policies.
The organization demonstrates solid program expense efficiency, allocating nearly all of its resources to its mission. However, it lacks essential financial statements and critical governance documentation such as conflict of interest and whistleblower policies. The absence of these documents raises concerns about accountability and the organization's commitment to best practices in nonprofit management.
Further limitations include deficiencies in website presence and fundraising efficiency. The fact that the charity has not posted its tax form on its website and has a remarkably low fundraising efficiency ratio suggests potential challenges in attracting and managing donor resources effectively. Overall, while Omega Charitable Developers Inc is focused on its mission, it must enhance its governance standards and financial transparency to improve its rating and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Omega Charitable Developers Inc legitimate?
Omega Charitable Developers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omega Charitable Developers Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Omega Charitable Developers Inc?
Omega Charitable Developers is an organization dedicated to grant-making and institutional development. Specifically, it focuses on supporting philosophy and theology schools and their growth. Through its grant programs, Omega Charitable Developers aims to contribute to the advancement of these educational institutions. In essence, the entity's mission revolves around providing financial assistance and fostering development within the philosophy and theology school sector.
Who is the CEO of Omega Charitable Developers Inc?
Gabriel Sotres is the President/Chairman of Omega Charitable Developers Inc.
What is the revenue of Omega Charitable Developers Inc?
Omega Charitable Developers Inc's revenue in 2022 was $32,613,211.
Who are the executives of Omega Charitable Developers Inc and what are their salaries?
There 3 volunteers at Omega Charitable Developers Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Omega Charitable Developers Inc?
Omega Charitable Developers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Omega Charitable Developers Inc
Omega Charitable Developers, a renowned grant-providing entity, is dedicated to supporting philosophy and theology schools and facilitating the development of these institutions. By offering grants to these educational institutions, Omega Charitable Developers plays a pivotal role in fostering intellectual growth and exploration in the fields of philosophy and theology. The organization's mission extends beyond merely providing financial assistance, as it also actively contributes to the growth and advancement of these institutions. With a commitment to academic excellence, Omega Charitable Developers' initiatives have a significant impact on the learning experiences of students and the overall expansion of knowledge in these disciplines.
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Impact
October, 2024
Omega Charitable Developers Inc has a significant impact on the educational landscape for philosophy and theology. By providing grants to schools in these fields, the organization enhances the academic resources and opportunities available to students and faculty alike. This financial support enables institutions to improve their programs, attract qualified educators, and develop innovative curricula that enrich students' learning experiences.
In addition to funding, Omega Charitable Developers Inc plays a vital role in fostering the development of these schools. The support provided can help institutions manage operational costs, expand facilities, and implement new initiatives, which ultimately strengthens the academic community surrounding philosophy and theology.
Operating out of Houston, TX, Omega Charitable Developers Inc's dedication to these disciplines contributes to the cultivation of critical thinking and ethical discourse within society. The programs and resources facilitated by the organization encourage thorough exploration of complex ideas, fostering a deeper understanding of philosophical and theological concepts in a contemporary context.
This information is meant to be a general summary of Omega Charitable Developers Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $32,613,211
Assets and Liabilities:
- Total Assets: $5,841,403
- Total Liabilities: $21,996
- Net Assets: $5,819,407
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Organization Details
Founding Year
1996
Phone
(281) 759-6774Principal Officer
Gabriel Sotres
Main Address
C/O R CASTRO 12335 SHADOWHOLLOW DR, Houston, TX, 77082
NTEE Category
Code: X20Z - Religion related
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