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Nonprofit · EIN 76-0492399

OMEGA CHARITABLE DEVELOPERS INC

Tax-exempt · HOUSTON, TX 77082

Financials

$23.5M$23.9M2023$35.5M$36.2M2024
Revenue Expenses · by fiscal year end
Financials of OMEGA CHARITABLE DEVELOPERS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$35,531,839$36,169,982-$638,143$4,808,705$21,895$4,786,810
December 31, 2023990$23,494,290$23,887,680-$393,390$5,448,012$21,995$5,426,017
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$35,531,839
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$35,878,662
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$9,285
Program services (functional)
$35,878,662
Management and general (functional)
$291,320

Balance sheet and other

Total assets, start of year
$5,448,012
Total assets, end of year
$4,808,705
Total liabilities, end of year
$21,895
Net assets, end of year
$4,786,810
Gross receipts
$35,531,839
Employees
0
Volunteers
3
Year formed
1996
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
GABRIEL SOTRESPRESIDENT/CHAIRMAN
Trustee or director, Officer
2$0
JAVIER GARCIATREASURER
Trustee or director, Officer
2$0
OSCAR NADERSECRETARY
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
GABRIEL SOTRESPRESIDENT/CHAIRMAN
Trustee or director, Officer
2$0
JAVIER GARCIATREASURER
Trustee or director, Officer
2$0
OSCAR NADERSECRETARY
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
C/O R CASTRO 12335 SHADOWHOLLOW DR, HOUSTON, TX 77082-0000
In care of
% ROBERTO X CASTRO CPA
Principal officer (990 for 2024)
GABRIEL SOTRES, 12335 SHADOWHOLLOW DR, Houston, TX 77082
Signed the 990
GABRIEL SOTRES, DIRECTOR
Phone
(281) 759-6774
Return prepared by
BDO USA

Mission

THE ENTITY IS ORGANIZED TO PROVIDE GRANTS TO PHILOSOPHY AND THEOLOGY SCHOOLS, AS WELL AS TO SUPPORT THE DEVELOPMENT OF THE INSTITUTIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • GRANTS TO PHILOSOPHY AND THEOLOGY SCHOOLS.
    Expenses $35,878,662 · grants $35,878,662

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
76-0492399
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,808,705
Income (IRS master file)
$35,531,839

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$35,531,839$36,169,982$4,808,705XML
990December 2023$23,494,290$23,887,680$5,448,012XML
990December 2022$32,613,211$32,946,898$5,841,403IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 76-0492399).

Questions about OMEGA CHARITABLE DEVELOPERS INC

What is the EIN of OMEGA CHARITABLE DEVELOPERS INC?
The employer identification number (EIN) of OMEGA CHARITABLE DEVELOPERS INC is 76-0492399.
Is OMEGA CHARITABLE DEVELOPERS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to OMEGA CHARITABLE DEVELOPERS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OMEGA CHARITABLE DEVELOPERS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of OMEGA CHARITABLE DEVELOPERS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OMEGA CHARITABLE DEVELOPERS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of OMEGA CHARITABLE DEVELOPERS INC?
The 990 for the year ended December 31, 2024 names GABRIEL SOTRES.
Who are the officers and directors of OMEGA CHARITABLE DEVELOPERS INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does OMEGA CHARITABLE DEVELOPERS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $35,531,839, expenses of $36,169,982 and total assets of $4,808,705 at year end.

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