Omca Town Square INC FY2021 filing

Tax-deductible

Oakland, CA501(c)(3)Arts & CultureEIN 84-4279623

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The general purpose of Omca Town Square, INC. Is to operate exclusively for the benefit of, to perform the functions of, and to carry out the purposes of the oakland museum of california.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $603K a year · 57% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
723 mo
of spending, in cash
Looks good: 722.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.4M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14.3M
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$401K
-83% vs prior year
Spent
$46K
To programs
100%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$401K
FY2021▼ -83%
Revenue by fiscal year
FY2020$2.4M
FY2021$401K
FY2023$1.0M
FY2024$775K
FY2025$775K
Expenses
$46K
FY2021▲ +52%
Expenses by fiscal year
FY2020$30K
FY2021$46K
FY2023$903K
FY2024$667K
FY2025$668K
Net assets
$2.7M
FY2021▲ +15%
Net assets by fiscal year
FY2020$2.3M
FY2021$2.7M
FY2023$2.9M
FY2024$3.0M
FY2025$3.2M

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $46K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
See Omca Town Square INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates the Oakland Museum of California for public benefit.

Provided by the organization

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1 program service account for $46K of program spending, described in the organization's own filed words · FY2020.
01

The general purpose of omca town square, inc. Is to operate exclusively for the benefit of, to perform the functions of, and to carry out the purposes of the oakland museum of california.

$46Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2019
Total grants receivedfrom 1 funder$2.4M
Grants paid · 1 grant · $250K · 2022–2022
Oakland Museum of CaliforniaCA · FY2022$250,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$401K
Ln 12
Fees for servicesLn 2g$388K
Other incomeLn 4–11$13K
Money outPt IX
$46K
Ln 25
Programscol B$46K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$17.0M
LiabilitiesLn 26$14.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$388K
Other incomeLn 4–11$13K
Total revenueLn 12$401K
Assets in detailPt X, end of year
CashLn 1$2.8M
Cash and savings togetherLn 1–2$2.8M
Land, buildings, equipmentLn 10c$13.8M
Other assetsLn 15$323K
Total assetsLn 16$17.0M
LiabilitiesLn 26$14.3M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$12.2M$2.8M
Land, buildings, equipmentLn 10c$0$13.8M
Total assetsLn 16$16.7M$17.0M
LiabilitiesLn 26$14.3M$14.3M
Net assetsLn 32$2.3M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$34K$34K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$46K$46K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $775K$668K$107K$3.2M 990 PDF
FY2024 $775K$667K$109K$3.0M 990 PDF
FY2023 $1.0M$903K$122K$2.9M 990 PDF
FY2022 Not on file
FY2021 Viewing $401K$46K$355K$2.7M 990 PDF
FY2020 $2.4M$30K$2.3M$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $400,754 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $387,611$387,611
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,143$13,143
VIII-12 Total revenueRelated to mission $400,754 · Unrelated business $0 · Excluded from tax $0$400,754
Part IX · Statement of functional expenses $46,027 across 2 lines filed
IX-22 Depreciation, depletion and amortizationPrograms $34,027$34,027
IX-24 Other expenses (24a–d)Programs $12,000$12,000
IX-25 Total functional expensesPrograms $46,027 · Management $0 · Fundraising $0$46,027
Part X · Balance sheet $16,980,008 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $12,233,723$2,772,094
X-4 Accounts receivable$65,000
X-10c Land, buildings and equipment, netStart of year $0$13,820,303
X-15 Other assetsStart of year $4,427,289$322,611
X-16 Total assetsStart of year $16,661,012$16,980,008
X-17 Accounts payable and accrued expensesStart of year $212,266$1,118,182
X-25 Other liabilitiesStart of year $14,125,586$13,183,939
X-26 Total liabilitiesStart of year $14,337,852$14,302,121
X-32 Total net assets or fund balancesStart of year $2,323,160$2,677,887
X-33 Total liabilities and net assetsStart of year $16,661,012$16,980,008
Part XI · Reconciliation of net assets $2,677,887 net assets at year end
XI-1 Total revenue$400,754
XI-2 Total expenses$46,027
XI-3 Revenue less expenses$354,727
XI-4 Net assets at start of year$2,323,160
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,677,887

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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