Omega Star-Child Seminars Inc in Amherst, Massachusetts (MA)

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Omega Star-Child Seminars Inc
Employer Identification Number (EIN)223070052
Name of OrganizationOmega Star-Child Seminars Inc
In Care of NameJulie Redstone
Address45 Overlook Dr, Amherst, MA 01002-1247
ActivitiesOther school related activities
SubsectionCharitable Organization
Ruling Date09/1991
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period02/2014
Assets$500,000 to $999,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$877,307
Amount of Income$32,026
Form 990 Revenue Amount$34,296
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other:


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Amount of income in 2014: $32,026 (it was $178,048 in 2013)
This organization: 

 $32,026
Other organizations performing similar types of work: 

 $97,515

Assets in 2014: $877,307 (it was $879,689 in 2013)
Omega Star-Child Seminars Inc: 

 $877,307
Other organizations performing similar types of work: 

 $370,821

Expenses in 2014: $33,287
This organization: 

 $33,287
Other organizations performing similar types of work: 

 $91,022

Income to expenses ratio in 2014: 1.0
Omega Star-Child Seminars Inc: 

 1.0
Other organizations performing similar types of work: 

 1.3

Grants share in income in 2014: 74.3%
Omega Star-Child Seminars Inc: 

 74.3%
Other organizations performing similar types of work: 

 88.1%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

Analysis of Revenue and Expenses (for 2014)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$32,026$6,199$6,199
Contributions, gifts, grants, etc., received$23,785
Interest on savings and temporary cash investments$6,199
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$2,042
Total expenses and disbursements$33,287$0$0$23,885
Compensation of officers, directors, trustees, etc.$7,281
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$2,250
Interest$0
Depreciation$9,402
Occupancy$4,426
Travel, conferences, and meetings$206
Printing and publications$27
Total operating and administrative expenses$33,287$0$23,885
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-1,261
Net investment income$6,199
Adjusted net income$6,199
Balance Sheets
201220132014
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$736,848$759,033$879,689$911,548$877,307$911,526
Cash - non-interest-bearing$7,993$11,350$10,973
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$15$1,243$122
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$736,833$878,446$877,185
Capital Gains and Losses for Tax on Investment Income
201220132014
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201220132014
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$191$123$124
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$123$124
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201220132014
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?YesYes
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201220132014
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201220132014
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$456,940$521,129$588,958
Net value of noncharitable-use assets$513,312$580,124
Minimum investment return$22,504$25,666$29,006
Distributable Amount
201220132014
Distributable amount$0$0$0
Undistributed Income
201220132014
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2011 - 2014)
2014201320122011Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2014)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2014)
AmountRelated or exempt function income
Program service revenue
$0$1,055
$0$987
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$6,199
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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1Kripalu Center For Yoga & Health IncPO BOX 309, Stockbridge, MA 01262-0309MA1971-12$45,044,403
2Mind And Life Institute4 Bay Road, Hadley, MA 01035-9568MA1992-12$5,790,801
3Dharma Foundation Inc1230 Pleasant St, Barre, MA 01005-9313MA1983-03$255,629
4Subud New York230 W 29th St, New York, NY 10001-5201NY1963-07$234,437
5Silent Dance Center1127 11th Ave, Honolulu, HI 96816-2443HI1979-08$217,487
6Sirius Inc72 Baker Rd, Shutesbury, MA 01072-9703MA1979-01$208,621
7Shobu Aikido Of Boston34 Allen St, Somerville, MA 02143-3408MA1993-06$65,932
8Teleos Institute7439 E Beryl Ave, Scottsdale, AZ 85258-1020AZ1969-10$60,458
9Swami Kuvalayananda Yoga Foundation339 Fitzwater St, Philadelphia, PA 19147-3203PA1976-07$57,172
10Mind-Body Medical Institute Inc151 Merrimac St, Boston, MA 02114-4714MA1989-04$49,460
11Omega Star-Child Seminars Inc45 Overlook Dr, Amherst, MA 01002-1247MA1991-09$32,026
12Yoga Anand Ashram Inc154 Merrick Rd, Amityville, NY 11701-3439NY1974-07$31,417
13San Francisco Bay Area Yan Xin Qigong SocietyPO BOX 22306, San Francisco, CA 94122-0306CA1997-07$24,920
14Yoga Shakti Mission Inc3895 Hield Rd Nw, Palm Bay, FL 32907-6304FL1983-04$22,097
15Spiritual Science Institute230 Childe Dr, Colorado Spgs, CO 80906-4376CO1984-01$1,249
16Self-Actualization & Enlightenment Center Association1621 Gay St, Longmont, CO 80501-2616CO1981-08$285
17Maharishi Ayurveda Foundation100 Old North Branch Rd, Antrim, NH 03440-3519NH1987-12$120
18Alliance For Healing Arts And Science Inc856 Watertown Street, West Newton, MA 02465MA1986-02$0
19Attitudinal Healing Center Of Kalamazoo7267 S 10th St, Kalamazoo, MI 49009MI1993-06$0
20Spring Hill Of Ashby Inc Bankruptcy50 Salem St, Lynnfield, MA 01940-2622MA1981-02$0
Number of organizations performing similar types of work
Arizona1
California6
Colorado4
Florida4
Hawaii2
Iowa1
Massachusetts9
Maryland1
Michigan4
North Carolina1
North Dakota1
New Hampshire1
New Mexico1
New York7
Oregon1
Pennsylvania1
Texas1
Virginia3
Wisconsin1
Total50

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