Oars Inc
- Assets
- $1.1m
- Revenue
- $369.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Concord, MA
- Founding
- 12/1987
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Oars Inc generated $369.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $253.1k during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Paul Fitzgerald Treasurer | OfficerTrustee | 5 | $0 |
Jeff Collins Vice President | OfficerTrustee | 3 | $0 |
Susan Mcarthur Secretary | OfficerTrustee | 3 | $0 |
Ingeborg Hegemann President | OfficerTrustee | 5 | $0 |
Dick Lawrence Director | Trustee | 3 | $0 |
Don Burn Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,776 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,717 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,003 |
| Total Program Service Revenue | $0 |
| Investment income | $10,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,781 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,760 |
| 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 | $158,404 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,028 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,600 |
| Travel | $0 |
| 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 | $2,604 |
| All other expenses | $6,722 |
| Total functional expenses | $253,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,635 |
| Savings and temporary cash investments | $322,061 |
| Pledges and grants receivable | $94,543 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,585 |
| Investments—publicly traded securities | $622,622 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $967 |
| Total assets | $1,144,413 |
| Accounts payable and accrued expenses | $7,282 |
| 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 | $0 |
| Total liabilities | $7,282 |
| Net assets without donor restrictions | $993,546 |
| Net assets with donor restrictions | $143,585 |
| 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 | $1,144,413 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Oars Inc has recieved totaling $19,762.
| Awarding Organization | Amount |
|---|---|
Foundation For Metrowest Inc Natick, MA PURPOSE: GENERAL SUPPORT | $10,000 |
Edwin M Johnston Jr Family Foundation Buffalo, NY PURPOSE: CHARITABLE | $7,000 |
Avidia Charitable Foundation Inc Hudson, MA PURPOSE: OARS YOUTH EDUCATION PROGRAM. | $2,500 |
Fieldstone Foundation Inc Stow, MA PURPOSE: OPERATIONS BUDGET ASSISTANCE | $150 |
American Tower Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catskill Watershed Corporation Arkville, NY | $166,890,312 | $18,353,633 |
Scenic Hudson Inc poughkeepsie, NY | $38,136,273 | $14,869,807 |
Safe Water Network New York, NY | $11,807,774 | $8,506,828 |
Buffalo Niagara Waterkeeper Inc Buffalo, NY | $12,074,005 | $5,933,047 |
Riverkeeper Inc Ossining, NY | $3,555,297 | $4,414,432 |
Buzzards Bay Coalition Inc New Bedford, MA | $35,427,271 | $10,789,245 |
Hudson River Foundation For Science And Environmental Research Inc New York, NY | $44,144,233 | $1,711,986 |
Renew Oceans Inc Brooklyn, NY | $0 | $303,111 |
Connecticut River Watershed Council Inc Greenfield, MA | $5,295,847 | $3,497,811 |
Save The Bay Inc Providence, RI | $12,260,804 | $3,337,180 |
Charles River Transportation Management Association Cambridge, MA | $5,311,502 | $3,433,111 |
Resilient Cities Catalyst Inc Brooklyn, NY | $643,141 | $1,468,241 |