Omaze is an online platform on which users can give to charities and also win various prizes and experiences. It’s an innovative approach to raising money. Based on the information provided by the firm, the users have raised more than 150 million dollars and supported more than 350 charities. These charities are located all over the world. They are the most reputable non-profit organisations like UNICEF, After-School All-Stars, Julia’s House, Product Red, and Make-A-Wish Foundation.
Donations aren’t necessary to be entered into a contest but they earn extra contest entries as well as other perks. Users can decide what charity they would like to donate to. Every contest comes with its unique prize, from luxurious cars to unforgettable experiences.
Before you go on, you may want to check out this video by The Entrepreneur on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of the article for a more comprehensive review.
What is the process behind Omaze function?
Omaze 990 Irs Form
Omaze believes that every person deserves the opportunity to take part in fundraising. Traditionally, charities relied on fundraisers where only the wealthy and famous could attend. Omaze set out to open up charity auctions through its unique fundraising model. This means everyday people can make a donation to the charity of their choice starting at just $10.
There are two ways to participate. You can donate, and the other is by participating for free. You can enter any contest without donating however you will earn extra entries based on how much you give. The higher your donation, the more prize entries you’ll receive.
To donate, select “Enter Now” from the Experience or Prize page on the website. Select a donation amount and follow the steps to fill in your details. You may donate as many times as you like. There is however an entry limit for each person which varies based upon the amount of prize.
For a chance to win for free visit the Experience or Prize page on the website. Select the “enter without contributing link” and follow the instructions. You will need to accomplish a form. When you submit the form, you will be awarded a certain number of entries. You may submit the form at any time you want, however, you will be subject to a certain Entry limit.
Omaze has faced criticism about what percentage of money goes toward the actual charity. For expensive prizes, only about 10-15 percent of the donation goes to charity. The company has responded with the statement that 10% still a significant amount. The remaining donation is used to cover the costs of marketing and operations to continue to run the business. What matters is that people are enticed to donate because of the attractive prizes.
For prizes that are less costly The company claims that 60 percent of the donation goes to charity.
Donations made through the website directly go into Charities Aid Foundation America (CAF America). It’s a public charity that has partnered with Omaze to make fundraising simple secure, efficient, and safe. CAFA makes use of donations to pay grants to charitable organisations.
Omaze offers a variety of incredible prizesthat they refer to as Experiences. The prizes include luxurious vehicles as well as dream homes, the chance to meet your favorite celeb, or a once-in-a-lifetime trip.
Here are some examples of the past and present prizes offered by Omaze:
- A chance to be the owner of an enviable multimillion dollar Miami dream home
- A vacation in Japan specially designed for you
- An unforgettable safari as well as a stay at Giraffe Manor in Kenya
- The chance to win tickets to two of the first Virgin Galactic flights to space
- A private meet and meet and greet featuring Dwayne “The Rock” Johnson
- A luxurious vacation to a wellness resort in Thailand
- First class plane tickets to any destination in the world
- Chance to win luxurious automobiles and other vehicles
Omaze has a constant stream of exciting new campaigns and prizes. You can check their website to view additional prizes and details. Also, you can view previous prizes and winners. For contests that have been held previously you can also view the amount the charity has received.
Who started Omaze?
Omaze was created on the 12th of December 2012, through Ryan Cummins and Matt Pohlson. As per the site, they had the idea after they attended an auction benefitting charity. The auction item was their dream experience: a basketball game and meal together with Magic Johnson. However, the bidding went to the point that they were outbid. The prize raised just $15,000.
They couldn’t comprehend why such a huge prize only raised a small amount to support a worthy cause. They also thought that the method of fundraising was restricted to those who are wealthy. They felt that extraordinary experiences like this should not be available only to a select group of wealthy people.
So they decided to develop a new kind of fundraising, which would be available to a substantial amount of people.
This fundraising would be available online, so everyone could participate. Participants wouldn’t require an enormous amount of money to enter, which would increase participation and to raise money for the charity.
They also think that charities can feel more confident about advertising on the platform, since it’s an important cause. The platform lets charities reach out to a broader market in a way that is appealing to raise funds.
Is Omaze legitimate?
Although the company has received some criticism, it appears that they’re actually legitimate. So far, they have raised over $100 million for charity , and have given out prizes to participants as promised. Numerous famous personalities have also supported and advocated to the program.
Several winners have also spoken of the awards they received. They also have a video on Omaze’s Official Omaze Youtube channel.
Omaze is also accredited as a member of Omaze is also accredited by Better Business Bureau with an A+ rating. Omaze 990 Irs Form
Since it’s a for-profit organization, Omaze takes around 20% of the donations. If you wish to have 100% of your donations going to a non-profit. In that situation, you may think about donating directly to the non-profit or charity instead. The best part about Omaze can be that you get to do something positive and simultaneously you can be awarded a fantastic experience. This makes it appealing to a larger number of people. If you’re looking for unique experiences Then Omaze is an excellent chance.
Cost and Price Plans
Omaze allows you to donate as low as $10. When the amount of donation increases, the number of entries also increases, and the value of one entry decreases. For instance, a $150 donation equals 2000 entries, which means one entry for every seven cents given. Omaze 990 Irs Form
Here are the amounts for donations that are equivalent to the quantity of entries
- $20 = 20 entry
- $25 = 125 entries (most well-liked option, according to the site)
- $500 = $50 entries
- $100 = 1,200 entries
- $150 = 2000 entries
According to Omaze the company, they take approximately 12% to 20% of net funds. The money is used to pay for operating expenses, including advertising, content creation and processing fees for payments. Around 60%-70% of funds go to charity.
To be more precise, here’s how it differs between celebrity prizes and non-celebrity prizes. For prizes that are awarded to celebrities that are usually more affordable 60percent of prize is given to charities, while 25 percent is given to Omaze. For higher-end prizes, like cars, vacations or cash fifteen percent of donation goes to charity and 65% to 75 percent is given to Omaze.
Omaze currently does not provide refunds as donations are made to charitable causes. If you do have any questions regarding your transactions You should get in touch with Customer Service as soon as possible.
Customer Service Contact Info
If you have any concerns, doubts, questions, or complaints. In this case, you may submit them directly to their site via using the Support Center and Submit a Request link. You can also access information and answers to frequently asked questions on the Support Center.
Omaze can be described as an internet-based platform for fundraising that lets people donate to charities in exchange for the chance to win unique prizes and experience. It’s a legitimate company which has been in operation for many years. It has assisted numerous charities to achieve their goals through raising funds for them. Its unique fundraising model gives everyone the chance to gain unforgettable experiences that will last a lifetime.
Omaze is a different way to give to charities. However, it has received a lot of criticism over how much of the money actually is donated to charities. However, it’s understandable since Omaze is a commercial enterprise, so it’s a for-profit organization. If your goal is to just donate money to a charity and make sure all proceeds go to them, then you can donate directly to the charity instead. However, if you’re looking to win the amazing prizes offered by Omaze make sure to donate via Omaze instead. It’s a win-win situation since you get the chance to be the winner of a prize and also donate to a worthy cause.
FAQS Omaze 990 Irs Form
Where is Omaze located?
Omaze is headquartered within Los Angeles, California.
Does my contribution count as tax-deductible?
All Omaze donations are made through Charities Aid FoundatAmerica ion (CAFA). Because CAFA is an US charity that accepts donations from US donors through the Omaze platform are tax-deductible to the extent the law allows. However, if your contribution is made in conjunction with an experience-based perk then the value of the experience perk will be deducted. So if you donate $100 and earn an experience worth 75 dollars, the tax-deductible donation would be $25.
Are there any Omaze frauds?
Although Omaze has been criticized by many people online as a scam but the business is legitimate. They are able to raise funds for the charities involved and also award participants according to the promises. To protect yourself, just make sure to give your money to the authentic Omaze website only. Double-check to see if the site is legitimate or not before donating your money.
What are the chances of winning?
The more you contribute the more likely you are of winning since a higher donation equals a greater number of entries. But, you are able to enter without contributing and still be eligible for a specific number of entries.
What is the process to confirm that they have a winner?
Once the contest has closed the winner will be randomly chosen using an encrypted and secure random-number generator. Following the random drawing process Omaze’s team will complete the confirmation of the winner. More details on the procedure at their site.
How can they get in touch with them? announce winners?
An Omaze representative will notify the winner of the contest via email. The potential winner has 24 hours to respond to the email sent. The Omaze may follow up with a planned video call as well. After a winner is responded to and confirmed their initial emails, they need to accept the paperwork provided to them through The Events Team as part of the winner confirmation process.
Note that Omaze will never contact the winners through social media. It will only contact them via email.
How does Omaze make money?
Omaze is a non-profit company. Omaze collects 20% of net raises from their campaigns. To ensure that they are functioning the fee is used to cover the operational expenses like advertisements, content creation, and payment processing fees.