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Nonprofit · EIN 99-1349001

HOURGLASS CLIMATE INC

Tax-exempt · MONTCLAIR, NJ 07042

Financials

$7.6M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of HOURGLASS CLIMATE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,558,411$1,569,299$5,989,112$6,052,544$63,432$5,989,112
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$7,479,063
of which government grants
$14,972
Program service revenue
$53,536
Investment income
$25,812
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$96,397
Other salaries and wages
$654,257
Salaries, compensation and benefits (total)
$860,953
Professional fundraising fees
$0
Legal fees
$21,938
Accounting fees
$40,250
Occupancy
$111,484
Travel
$45,555
Depreciation
$2,245
Program services (functional)
$1,119,023
Management and general (functional)
$396,364
Fundraising (functional)
$53,912

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$6,052,544
Total liabilities, end of year
$63,432
Net assets, end of year
$5,989,112
Land, buildings and equipment
$11,282
Publicly traded securities
$5,175,812
Net assets without donor restrictions
$5,989,112
Gross receipts
$7,558,411
Employees
14
Volunteers
3
Year formed
2024
State of legal domicile
DE

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 / weekCompensationOther / benefits
MARGARET ANDREWSEXECUTIVE DIRECTOR
Officer
40$96,320$78
ANTONIUS GAGERNSECRETARY
Trustee or director, Officer
1$0$0
KEVIN TIDWELLTREASURER
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
18-20 LACKAWANNA PLAZA SUITE 300, MONTCLAIR, NJ 07042-3642
Principal officer (990 for 2024)
MARGARET ANDREWS, 18-20 LACKAWANNA PLAZA SUITE 300, MONTCLAIR, NJ 07042
Signed the 990
MARGARET ANDREWS, EXECUTIVE DIRECTOR
Phone
(973) 768-0087
Return prepared by
JM&M

Mission

TO PROTECT THE NATURAL ENVIRONMENT BY STRATEGICALLY RESEARCHING THE SAFETY AND EFFICACY OF OCEAN ALKALINITY ENHANCEMENT ("OAE")-BASED CARBON DIOXIDE REMOVAL TECHNIQUES AND DISSEMINATE THE RESULTS OF SUCH RESEARCH TO ACCELERATE RESPONSIBLE CARBON DIOXIDE REMOVAL AND CLIMATE IMPACT AT SCALE.

990 for the year ended December 31, 2024

Program accomplishments

  • CONDUCT INDEPENDENT SCIENCE ON MINERAL-BASED OAE THROUGH (I) DEVELOPMENT OF RESEARCH PROTOCOLS AND SAFETY FRAMEWORKS, (II) INITIATION OF COLLABORATIVE STUDIES AND CONTRACTING WITH RESEARCH PARTNERS, AND (III) DISSEMINATION OF RESULTS AND LEARNINGS TO THE SCIENTIFIC COMMUNITY AND PUBLIC.
    Expenses $1,119,023 · revenue $53,536

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, 2024Check at the IRS

IRS record

EIN
99-1349001
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C05)
Assets (IRS master file)
$6,052,544
Income (IRS master file)
$7,558,411

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,558,411$1,569,299$6,052,544IRS

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 99-1349001).

Questions about HOURGLASS CLIMATE INC

What is the EIN of HOURGLASS CLIMATE INC?
The employer identification number (EIN) of HOURGLASS CLIMATE INC is 99-1349001.
Is HOURGLASS CLIMATE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to HOURGLASS CLIMATE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOURGLASS CLIMATE 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 HOURGLASS CLIMATE 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 HOURGLASS CLIMATE 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 HOURGLASS CLIMATE INC?
The 990 for the year ended December 31, 2024 names MARGARET ANDREWS.
Who are the officers and directors of HOURGLASS CLIMATE INC?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $96,320 (MARGARET ANDREWS, EXECUTIVE DIRECTOR).
How much revenue does HOURGLASS CLIMATE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,558,411, expenses of $1,569,299 and total assets of $6,052,544 at year end.

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