Oars Inc
- Assets
- $1.1m
- Revenue
- $298.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Concord, MA
- Founding
- 12/1987
- Data as of
- 12/2022
- EIN
- 04-2963426
Organization Overview
Oars Inc is located in Concord, MA. The organization was established in 1987. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2022, Oars Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oars Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Oars Inc generated $298.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $271.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROTECT, PRESERVE AND ENHANCE THE NATURAL AND RECREATIONAL FEATURES OF THE ASSABET, SUDBURY AND CONCORD RIVERS, THEIR TRIBUTARIES AND WATERSHEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER QUALITY MONITORING, MEASURING PHYSICAL PARAMETERS ALONG THE RIVERS FOR USE IN EVALUATING WATER POLLUTION; REVIEW OF DEVELOPMENT PROJECTS; PUBLIC OUTREACH TO PROMOTE GOOD STEWARDSHIP OF RIVER RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ingeborg Hegemann President | OfficerTrustee | 5 | $0 |
Jeff Collins Vice President | OfficerTrustee | 3 | $0 |
Paul Fitzgerald Treasurer | OfficerTrustee | 3 | $0 |
Susan Mcarthur Secretary | OfficerTrustee | 3 | $0 |
Roger Beatty Director | Trustee | 3 | $0 |
Don Burn Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,272 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,793 |
| Total Program Service Revenue | $0 |
| Investment income | $14,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,764 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,125 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,495 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24 |
| Insurance | $2,778 |
| All other expenses | $7,020 |
| Total functional expenses | $271,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,114 |
| Savings and temporary cash investments | $389,627 |
| Pledges and grants receivable | $31,384 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,144 |
| Net Land, buildings, and equipment | $2,561 |
| Investments—publicly traded securities | $500,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,149 |
| Total assets | $1,063,185 |
| Accounts payable and accrued expenses | $4,248 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,182 |
| Total liabilities | $35,430 |
| Net assets without donor restrictions | $923,640 |
| Net assets with donor restrictions | $104,115 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,063,185 |