Omega Association
Omega Association is a private foundation, based in Lake Success, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $538K in total assets.
Omega Association at a glance
- Total assets
- $538,390
- -5.0% vs 2023
- Revenue (2024)
- $1,105
- -96.4% vs 2023
- Expenses (2024)
- $22,973
- -47.3% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Omega Association funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Omega Association gives
- Giving held roughly steady from 2020 to 2023 (−8%). Method
- In 2023 it paid out 28% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $9K (2023) to $25K (2022). In 2023 it made 1 grant totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Columbia University New York, NY | Donation | $8,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $538,390 | $1,105 | $22,973 | — | — | — | — | $31,868 |
| 2023 | $567,007 | $30,907 | $43,616 | $8,500 | 1 | $8,500 | — | $30,744 |
| 2022 | $572,967 | $-5,533 | $45,468 | $25,386 | 2 | $25,386 | — | $33,486 |
| 2021 | $623,968 | $61,108 | $49,484 | $22,681 | 2 | $22,681 | $34,305 | $35,059 |
| 2020 | $612,344 | $31,558 | $29,643 | $9,250 | 1 | — | $11,165 | $33,546 |
Under IRS private-foundation payout rules, Omega Association reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Omega Association is led by Fred Wang, President on every filing since 2020; none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Fred Wang
President
On filings since 2020
No compensation reported
Steven Coleman
Scholarship Chair
On filings since 2020
No compensation reported
Anthony Leitner
Director
On filings since 2020
No compensation reported
Brian Krisberg
Director
On filings since 2020
No compensation reported
Bruce Sargent
Director
On filings since 2020
No compensation reported
Edward Desear
Director
On filings since 2020
No compensation reported
Randall Bessalo
Director
On filings since 2020
No compensation reported
Adam Beshara
Secretary
On filings since 2020
No compensation reported
Eric Hopp
Secretary
On filings since 2020
No compensation reported
Michael Behringer
Treasurer
On filings since 2020
No compensation reported
Peter Luccarelli
President Emeritus
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Omega Association
How large is Omega Association?
Omega Association reported $538K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $1K.
Where does Omega Association operate?
Omega Association has awarded grants in Connecticut, New York.
How much is Omega Association required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Omega Association reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Omega Association's EIN?
Omega Association's EIN (Employer Identification Number) is 14-1839157. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Omega Association down — hundreds of funders to go?