Nonprofit · EIN 52-2252149
WARD OAKS FOUNDATION INC
Tax-exempt · CHESTERTOWN, MD 21620
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $364,692 | $546,458 | -$181,766 | $4,052,560 | $2,914 | $4,049,646 |
| December 31, 2023 | 990 | $115,973 | $499,115 | -$383,142 | $4,224,002 | $357 | $4,223,645 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $364,692
- Net gain from sales of assets
- $282,803
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $205,300
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,218
- Occupancy
- $6,000
- Program services (functional)
- $480,921
- Management and general (functional)
- $65,537
Balance sheet and other
- Total assets, start of year
- $4,224,002
- Total assets, end of year
- $4,052,560
- Total liabilities, end of year
- $2,914
- Net assets, end of year
- $4,049,646
- Net assets without donor restrictions
- $4,049,646
- Gross receipts
- $4,176,027
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- MD
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 |
|---|---|---|---|
| DARYL JONES | CHAIRMAN Trustee or director | 0.1 | $0 |
| MICHAEL FALCONE | EXECUTIVE DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| JAMES MITCHELL | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARYL JONES | CHAIRMAN Trustee or director | 0.1 | $0 |
| MICHAEL FALCONE | EXECUTIVE DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| JAMES MITCHELL | DIRECTOR Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 104 S CROSS STREET 1ST FLOOR, CHESTERTOWN, MD 21620-1514
- Principal officer (990 for 2024)
- MICHAEL FALCONE, 301 WEST AVENUE STE 2801, AUSTIN, TX 78701
- Signed the 990
- MICHAEL FALCONE, PRESIDENT
- Phone
- (410) 336-3779
- Return prepared by
- KATZ ABOSCH
Mission
TO ALSO HELP THE ENVIRONMENT BY PROMOTING THE USE OF RENEWABLE ENERGY SOURCES, TO INVEST IN RESEARCH AND DEVELOPMENT OF RENEWABLE ENERGY SOURCES, TO ENCOURAGE AND PROMOTE THE COST EFFECTIVE FINANCING AND OPERATING OF RENEWABLE ENERGY FACILITIES IN ORDER TO REDUCE THE COST OF BUILDING AND OPERATING SUCH FACILITIES AND TO REDUCE THE COST OF THE ENERGY PRODUCED BY SUCH FACILITIES. TO ACQUIRE, DEVELOP, INVEST IN, OWN AND OPERATE RENEWABLE ENERGY SOURCES IN ORDER TO DEMONSTRATE THEIR EFFICIENCY, PROMOTE THEIR USE, AND REDUCE RELIANCE UPON FOREIGN ENERGY SOURCES. TO PARTICIPATE IN PROGRAMS DESIGNED TO ACCOMPLISH ANY OF THE FOREGOING, AS WELL AS OTHER CHARITABLE PURPOSES, TO INCLUDE AFFORDABLE HOUSING FOR THE HOMELESS, ELDERLY, AND PERSONS OF LOW INCOME.
Program accomplishments
- PROVIDING CLEAN AND RENEWABLE ENERGY SOURCES TO COMMUNITIES THROUGH OWNERSHIP IN VARIOUS PARTNERSHIPS THAT ALIGN WITH THIS MISSION.CONTRIBUTING TO ORGANIZATIONS WHOSE EXEMPT PURPOSE ALIGNS WITH THAT OF THE FOUNDATION'S MISSIONS.Expenses $480,921 · grants $205,300
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
- 52-2252149
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $4,052,560
- Income (IRS master file)
- $4,176,027
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $364,692 | $546,458 | $4,052,560 | IRS |
| 990 | December 2023 | $115,973 | $499,115 | $4,224,002 | XML |
| 990 | December 2022 | $23,070 | $260,147 | $4,633,553 | IRS |
| 990 | December 2021 | $104,977 | $564,015 | $4,872,666 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 52-2252149).
Questions about WARD OAKS FOUNDATION INC
- What is the EIN of WARD OAKS FOUNDATION INC?
- The employer identification number (EIN) of WARD OAKS FOUNDATION INC is 52-2252149.
- Is WARD OAKS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to WARD OAKS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WARD OAKS FOUNDATION 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 WARD OAKS FOUNDATION 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 WARD OAKS FOUNDATION 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 WARD OAKS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MICHAEL FALCONE.
- Who are the officers and directors of WARD OAKS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does WARD OAKS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $364,692, expenses of $546,458 and total assets of $4,052,560 at year end.
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