Nonprofit · EIN 20-5555551
HEARTWORKS INC
Tax-exempt · BASKING RIDGE, NJ 07920
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $367,461 | $297,362 | $70,099 | $205,681 | $3,022 | $202,659 |
| December 31, 2023 | 990 | $310,665 | $340,481 | -$29,816 | $149,578 | $21,567 | $128,011 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $378,938
- Program service revenue
- $0
- Investment income
- $970
- Net income from fundraising events
- -$12,447
- Other revenue
- -$12,447
Expenses
- Grants and similar amounts paid
- $91,565
- Compensation of officers, directors and key employees
- $78,764
- Other salaries and wages
- $54,848
- Salaries, compensation and benefits (total)
- $144,901
- Professional fundraising fees
- $0
- Occupancy
- $23,736
- Program services (functional)
- $232,335
- Management and general (functional)
- $29,797
- Fundraising (functional)
- $35,230
Balance sheet and other
- Total assets, start of year
- $149,578
- Total assets, end of year
- $205,681
- Total liabilities, end of year
- $3,022
- Net assets, end of year
- $202,659
- Net assets without donor restrictions
- $152,649
- Net assets with donor restrictions
- $50,010
- Gross receipts
- $379,908
- Employees
- 3
- Volunteers
- 75
- Year formed
- 2007
- State of legal domicile
- NJ
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Megan McDowell | CEO Trustee or director, Officer | 40 | $78,764 |
| Clara Heffernan | Chairman Trustee or director, Officer | 10 | $0 |
| Aimee Hunnewell | Director Trustee or director, Officer | 10 | $0 |
| Carolyn Rooney | Director Trustee or director, Officer | 10 | $0 |
| Jessica Walker Hawthorne | Director Trustee or director, Officer | 10 | $0 |
| Kathy Watrous | Director Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Megan McDowell | CEO Trustee or director, Officer | 40 | $85,924 |
| Clara Heffernan | Chairman Trustee or director, Officer | 10 | $0 |
| Aimee Hunnewell | Director Trustee or director, Officer | 10 | $0 |
| Carolyn Rooney | Director Trustee or director, Officer | 10 | $0 |
| Jessica Walker Hawthorne | Director Trustee or director, Officer | 10 | $0 |
| Kathy Watrous | Director Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 19 RT 202, BASKING RIDGE, NJ 07920-0000
- In care of
- % MEGTAN MCDOWELL
- Mailing address (990-N for 2009)
- PO Box 296, Bernardsville NJ 07924
- Principal officer (990 for 2024)
- Megan McDowell, 19 Route 202, Basking Ridge, NJ 07920
- Principal officer (990-N for 2009)
- Megan McDowell, 37 Old Army Road, Bernardsville NJ 07924
- Signed the 990
- Megan McDowell, CEO
- Phone
- (908) 766-4400
- Website
- www.njheartworks.org
- Return prepared by
- Morrow & Associates
Mission
Heartworks is a local movement of women committed to replicating and sustaining the kindness and connection witnessed in the wake of September 11, 2001. Inspired by the healing that takes place through receiving and giving, we offer hope to people experiencing a chronic illness with an acute need, an unexpected injury, a natural disaster, or unbearable grief, while taking part in our own self-growth.
Program accomplishments
- To provide financial help to local families in need, and programs for veterans.Expenses $232,335
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5555551
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $205,681
- Income (IRS master file)
- $379,908
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $367,461 | $297,362 | $205,681 | XML |
| 990 | December 2023 | $310,665 | $340,481 | $149,578 | XML |
| 990 | December 2022 | $414,514 | $541,133 | $166,798 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2009 Officer: Megan McDowell | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-5555551).
Questions about HEARTWORKS INC
- What is the EIN of HEARTWORKS INC?
- The employer identification number (EIN) of HEARTWORKS INC is 20-5555551.
- Is HEARTWORKS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to HEARTWORKS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEARTWORKS 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 HEARTWORKS 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 HEARTWORKS 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 HEARTWORKS INC?
- The 990 for the year ended December 31, 2024 names Megan McDowell.
- Who are the officers and directors of HEARTWORKS INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $78,764 (Megan McDowell, CEO).
- How much revenue does HEARTWORKS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $367,461, expenses of $297,362 and total assets of $205,681 at year end.
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