Omca Town Square INC FY2023 filing

Tax-deductible

Oakland, CA501(c)(3)Arts & CultureEIN 84-4279623Revenue $1.0M in FY2023

On file with the IRS1000 Oak St, 94607-4820 · Oakland, CATax-exempt since May 2020Supporting org, Type I — 509(a)(3)

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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

FY2023 · 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
18 mo
of spending, in cash
Looks good: 18.0 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
$14.0M
83% of total assets
Concern: liabilities are 83% 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
$1.0M
+156% vs prior year
Spent
$903K
To programs
100%
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$1.0M
FY2023▲ +156%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$401K
FY2023$1.0M
FY2024$775K
FY2025$775K
Expenses
$903K
FY2023▲ ×20
Tap a bar for its year
Expenses by fiscal year
FY2020$30K
FY2021$46K
FY2023$903K
FY2024$667K
FY2025$668K
Net assets
$2.9M
FY2023▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.7M
FY2023$2.9M
FY2024$3.0M
FY2025$3.2M

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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% · $903K

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 (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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.

Questions for Omca Town Square INC

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Provided by the organization

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1 program · $903K · in their own filed words · FY2022
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.

$903Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$775K
Other incomeLn 4–11$250K
Money outPt IX
$903K
Ln 25
Programscol B$903K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$16.9M
LiabilitiesLn 26$14.0M
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$775K
Other incomeLn 4–11$250K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$13.9M
Other assetsLn 15$1.6M
Total assetsLn 16$16.9M
LiabilitiesLn 26$14.0M
Net assetsLn 32$2.9M
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 FY23End FY23
Cash and savingsLn 1–2$1.9M$1.4M
Land, buildings, equipmentLn 10c$14.0M$13.9M
Total assetsLn 16$16.9M$16.9M
LiabilitiesLn 26$14.1M$14.0M
Net assetsLn 32$2.8M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$250K$250K
InterestLn 20$195K$195K
Depreciation, depletion and amortizationLn 22$434K$434K
Other expenses (24a–d)Ln 24$24K$24K
Total functional expensesLn 25$903K$903K$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 Viewing $1.0M$903K$122K$2.9M 990 PDF
FY2022 Not on file
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $1,025,222 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $775,222$775,222
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$250,000
I-12 Total revenuePrior year $775,222$1,025,222
I-13 Grants and similar amounts paidPrior year $0$250,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $639,564$652,935
I-18 Total expensesPrior year $639,564$902,935
I-19 Revenue less expensesPrior year $135,658$122,287
Part VI · Governance 2 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,025,222 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $775,222$775,222
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $250,000$250,000
VIII-12 Total revenueRelated to mission $1,025,222 · Unrelated business $0 · Excluded from tax $0$1,025,222
Part IX · Statement of functional expenses $902,935 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $250,000$250,000
IX-20 InterestPrograms $194,779$194,779
IX-22 Depreciation, depletion and amortizationPrograms $434,056$434,056
IX-24 Other expenses (24a–d)Programs $24,100$24,100
IX-25 Total functional expensesPrograms $902,935 · Management $0 · Fundraising $0$902,935
Part X · Balance sheet $16,914,035 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,913,690$1,353,298
X-10c Land, buildings and equipment, netStart of year $14,033,807$13,947,682
X-15 Other assetsStart of year $967,833$1,613,055
X-16 Total assetsStart of year $16,915,330$16,914,035
X-17 Accounts payable and accrued expensesStart of year $880,000$718,573
X-25 Other liabilitiesStart of year $13,221,785$13,259,630
X-26 Total liabilitiesStart of year $14,101,785$13,978,203
X-27 Net assets without donor restrictionsStart of year $2,813,545$2,935,832
X-32 Total net assets or fund balancesStart of year $2,813,545$2,935,832
X-33 Total liabilities and net assetsStart of year $16,915,330$16,914,035
Part XI · Reconciliation of net assets $2,935,832 net assets at year end
XI-1 Total revenue$1,025,222
XI-2 Total expenses$902,935
XI-3 Revenue less expenses$122,287
XI-4 Net assets at start of year$2,813,545
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,935,832

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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