Omega Foundation Inc is a private foundation established in Texas in 1997. The foundation is based in Hico, Texas and operates as a 501(c)(3) organization.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$233K
-78.9% YoY
Annual Giving
$871K
-38.0% YoY
Grant Count
1
-96.8% YoY
Avg Grant Size
$871K
+1821.9% YoY
Under IRS private-foundation payout rules, Omega Foundation Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds assistance to the needy, religious support, and support for charitable foundations. Grant-making focuses on education, philanthropy, voluntarism and grantmaking, and human services.
Grantmaking
The foundation does not accept unsolicited applications.
Grant Range
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How to Apply
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Geographic Focus
Where this funder awards grants
The foundation has funded organizations across multiple states including Texas, New York, California, and Massachusetts. Primary grant-making focus includes Nebraska.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024):
- Total assets: $233,036
- Total expenses: $880,892
- Total revenues: $565
- Total giving: $1.4 million
Historical Assets:
- 2023: $3.6 million
- 2022: $3.9 million
- 2021: $4.0 million
- 2020: $4.2 million
Revenue Composition (2024):
- Investment income and dividends: $565
- Total grants and contributions: $0
- Net gain from sale of non-inventory assets: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $233,036 | $1,103,185 | $3,637,233 |
| Revenue | $565 | $242,083 | $250,123 |
| Expenses | $880,892 | $1,452,223 | $495,625 |
| Qualifying Distributions | $870,835 | $1,404,626 | $450,899 |
| Net Investment Income | — | $191,948 | $174,502 |
| Distributable Amount | $8,166 | $150,050 | $214,088 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
125 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Schwab Charitable ($870,835).
| Recipient | Purpose | Amount |
|---|---|---|
| SCHWAB CHARITABLE OMAHA, NE | CHARITABLE GIVING | $870,835 |
Leadership & Key People
Leadership team and compensation from IRS filings
Tom Hardgrove serves as Executive Director (as of 2024).
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TAMMY BRYANT | SECRETARY | 20 | — |
| JOHN DICKENS | DIRECTOR | 1 | — |
| TOM HARDGROVE | EXECUTIVE DIRECTOR | 2 | — |
Contact Information
Address: 8731 SH 220, Hico, TX 76457
Telephone: 817-335-5739
EIN: 75-2716754
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Omega Foundation Inc fund?
The foundation primarily funds assistance to the needy, religious support, and support for charitable foundations. Grant-making focuses on education, philanthropy, voluntarism and grantmaking, and human services.
How do I apply for a grant from Omega Foundation Inc?
**Grant Activity:** • In 2024, the foundation made 31 grants totaling approximately $1.4 million • In 2023, the foundation made 36 grants totaling $451,000 • In 2022, the foundation made 32 grants totaling $538,000 • In 2021, the foundation made 25 grants totaling $411,000 • In 2020, the foundation made 27 grants totaling $273,000 **Grant Sizes:** • Median grant: $11,000 (2024) • Grant range: $500–$229,000 • Recent notable grants include $229,000 to Chabad Jewish Center, $219,000 to Kesselhaut …
Where does Omega Foundation Inc make grants?
The foundation has funded organizations across multiple states including Texas, New York, California, and Massachusetts. Primary grant-making focus includes Nebraska.
What size grants does Omega Foundation Inc award?
In 2024, Omega Foundation Inc awarded 1 grants totaling $871K — an average of about $871K per grant, based on its IRS Form 990 filings.
How much is Omega Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Omega Foundation Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Omega Foundation Inc's EIN?
Omega Foundation Inc's EIN (Employer Identification Number) is 75-2716754. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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