OmegaUp
Nonprofit profile at a glance
- EIN
- 813404168
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2016
- Location
- Bellevue, WA, USA
- Phone
- 4253019912
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Computer Science
Reported finances
- Revenue
- $107,394
- Expenses
- $139,339
- Assets
- $132,084
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Joel Cuevas (President)
People named in this filing
- Sergio Marquez de Silva (Executive Dir.)
- Luis Hector Chavez Freire (Director)
- Joel Cuevas (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To build the talent pipeline of Software Engineers from Latin America and other Spanish-speaking communities by providing an accessible learning platform together with social programs.
What it reported doing in 2024
Mexican Girls Olympiad in Informatics. omegaUp helped organize the Girls' olympiad in informatics in Mexico, a national programming contest designed to motivate girls to participate in technology. omegaUp organized the trainings and prepared the National Team to compete in the European Girls' Olympiad in Informatics.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 100
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.2%; rating input score 94
- Program expense ratio: 72.6%; rating input score 73
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -29.7%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 13.3% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 9.4% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 10.9% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 94.2% of revenue deployed · 72.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $101K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 5/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.