FINANCIAL

The OMIA Foundation is currently saving funds for future initiatives. Due to low reserves, we have reduced operations and minimized spending to conserve resources, aiming to expand activities once sufficient savings have accumulated.

As of November 2023, our investments are managed with Schwab, following a transition from TD Ameritrade. Our liabilities are managed through ELGA Credit Union.

As of August 2023, our assets include one share of DIS stock and a total cash balance of $13.41. Monthly expenses include $3.18 for Microsoft 365 Apps for Enterprise and $6.36 for Microsoft 365 Business Standard, both under nonprofit staff pricing.

OMIA Foundation files Form 990-N annually with the IRS, suitable for small tax-exempt organizations with annual gross receipts of $50,000 or less. Previous tax filings were completed through file990.org.