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Nonprofit · EIN 04-2963426

OARS INC

Tax-exempt · CONCORD, MA 01742

Financials

$545K$426K2023$547K$471K2024
Revenue Expenses · by fiscal year end
Financials of OARS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$547,367$470,847$76,520$1,422,104$109,689$1,312,415
December 31, 2023990$544,511$425,918$118,593$1,367,145$131,250$1,235,895
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$418,115
of which government grants
$296,186
Program service revenue
$0
Investment income
$129,252
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$313,828
Salaries, compensation and benefits (total)
$335,891
Professional fundraising fees
$0
Legal fees
$385
Accounting fees
$4,250
Occupancy
$17,080
Travel
$2,738
Depreciation
$24
Program services (functional)
$277,602
Management and general (functional)
$165,454
Fundraising (functional)
$27,791

Balance sheet and other

Total assets, start of year
$1,367,145
Total assets, end of year
$1,422,104
Total liabilities, end of year
$109,689
Net assets, end of year
$1,312,415
Land, buildings and equipment
$2,514
Publicly traded securities
$668,498
Net assets without donor restrictions
$1,070,740
Net assets with donor restrictions
$241,675
Gross receipts
$547,367
Employees
7
Volunteers
200
Year formed
1987
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
INGEBORG HEGEMANNPRESIDENT
Trustee or director, Officer
5$0
JEFF COLLINSVICE PRESIDENT
Trustee or director, Officer
5$0
PAUL FITZGERALDTREASURER
Trustee or director, Officer
5$0
PAM ROCKWELLCLERK
Trustee or director, Officer
5$0
ROGER BEATTYDIRECTOR
Trustee or director
3$0
DON BURNDIRECTOR
Trustee or director
3$0
HOLLY CLACKDIRECTOR
Trustee or director
3$0
KIRK DOGGETTDIRECTOR
Trustee or director
3$0
ALLAN FIERCEDIRECTOR
Trustee or director
3$0
NICK KARMELEKDIRECTOR
Trustee or director
3$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
INGEBORG HEGEMANNPRESIDENT
Trustee or director, Officer
5$0
JEFF COLLINSVICE PRESIDENT
Trustee or director, Officer
5$0
PAUL FITZGERALDTREASURER
Trustee or director, Officer
5$0
PAM ROCKWELLCLERK
Trustee or director, Officer
5$0
ROGER BEATTYDIRECTOR
Trustee or director
3$0
BOB BROWNDIRECTOR
Trustee or director
3$0
DON BURNDIRECTOR
Trustee or director
3$0
HOLLY CLACKDIRECTOR
Trustee or director
3$0
KIRK DOGGETTDIRECTOR
Trustee or director
3$0
ALLAN FIERCEDIRECTOR
Trustee or director
3$0
PAM HELINEKDIRECTOR
Trustee or director
3$0

Address and contacts

Address (IRS master file)
23 BRADFORD ST, CONCORD, MA 01742-2971
Principal officer (990 for 2024)
PAUL FITZGERALD
Signed the 990
PAUL FITZGERALD, TREASURER
Phone
(978) 369-3956
Return prepared by
DRUMM FRIEDMAN CPA LLC

Mission

PROTECT, PRESERVE AND ENHANCE THE NATURAL AND RECREATIONAL FEATURES OF THE ASSABET, SUDBURY AND CONCORD RIVERS, THEIR TRIBUTARIES AND WATERSHEDS.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $277,602

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-2963426
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1987
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C320)
Assets (IRS master file)
$1,422,104
Income (IRS master file)
$547,367

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$547,367$470,847$1,422,104XML
990December 2023$544,511$425,918$1,367,145XML
990December 2022$297,975$271,147$1,063,185IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2963426).

Questions about OARS INC

What is the EIN of OARS INC?
The employer identification number (EIN) of OARS INC is 04-2963426.
Is OARS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to OARS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OARS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of OARS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OARS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of OARS INC?
The 990 for the year ended December 31, 2024 names PAUL FITZGERALD.
Who are the officers and directors of OARS INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does OARS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $547,367, expenses of $470,847 and total assets of $1,422,104 at year end.

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