Civic Intelligence

Oars Inc.

990 • Fiscal year 2021 • EIN 04-2963426

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 21, 2022

23 Bradford StreetConcord, MA 01742

(978) 369-3956

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.02x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

75th percentile

32%

Higher net margin than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

62nd percentile

16%

Faster asset growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

36%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,144,413

Up $156,333 (+16%) from 2020

Net Assets

Up

$1,137,131

Up $159,201 (+16%) from 2020

Liabilities

Down

$7,282

Down $2,868 (-28%) from 2020

Revenue

Up

$369,760

Up $97,466 (+36%) from 2020

Expenses

Up

$253,095

Up $4,934 (+2.0%) from 2020

Net Income

Up

$116,665

Up $92,532 (+383%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $668,127Liabilities 2011: $2,768Net Assets 2011: $665,3592011Assets 2012: $707,572Liabilities 2012: $4,360Net Assets 2012: $703,2122012Assets 2013: $738,773Liabilities 2013: $2,600Net Assets 2013: $736,1732013Assets 2014: $783,259Liabilities 2014: $7,649Net Assets 2014: $775,6102014Assets 2015: $767,070Liabilities 2015: $2,700Net Assets 2015: $764,3702015Assets 2016: $789,555Liabilities 2016: $2,700Net Assets 2016: $786,8552016Assets 2017: $890,472Liabilities 2017: $3,107Net Assets 2017: $887,3652017Assets 2018: $872,101Liabilities 2018: $29,874Net Assets 2018: $842,2272018Assets 2019: $903,874Liabilities 2019: $3,849Net Assets 2019: $900,0252019Assets 2020: $988,080Liabilities 2020: $10,150Net Assets 2020: $977,9302020Assets 2021: $1,144,413Liabilities 2021: $7,282Net Assets 2021: $1,137,1312021Assets 2022: $1,063,185Liabilities 2022: $35,430Net Assets 2022: $1,027,7552022Assets 2023: $1,367,145Liabilities 2023: $131,250Net Assets 2023: $1,235,8952023Assets 2024: $1,422,104Liabilities 2024: $109,689Net Assets 2024: $1,312,4152024

Highlighted filing

2021

Assets$1,144,413
Liabilities$7,282
Net Assets$1,137,131

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2011: $217,2722011Expenses 2012: $218,7282012Revenue 2013: $258,579Expenses 2013: $225,618Net Income 2013: $32,9612013Revenue 2014: $277,471Expenses 2014: $238,034Net Income 2014: $39,4372014Revenue 2015: $747,209Expenses 2015: $249,376Net Income 2015: $497,8332015Revenue 2016: $256,245Expenses 2016: $265,437Net Income 2016: -$9,1922016Revenue 2017: $281,211Expenses 2017: $251,374Net Income 2017: $29,8372017Revenue 2018: $306,318Expenses 2018: $288,228Net Income 2018: $18,0902018Revenue 2019: $230,850Expenses 2019: $249,639Net Income 2019: -$18,7892019Revenue 2020: $272,294Expenses 2020: $248,161Net Income 2020: $24,1332020Revenue 2021: $369,760Expenses 2021: $253,095Net Income 2021: $116,6652021Revenue 2022: $297,975Expenses 2022: $271,147Net Income 2022: $26,8282022Revenue 2023: $544,511Expenses 2023: $425,918Net Income 2023: $118,5932023Revenue 2024: $547,367Expenses 2024: $470,847Net Income 2024: $76,5202024

Highlighted filing

2021

Revenue$369,760
Expenses$253,095
Net Income$116,665
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 21, 2022
Return Version
2021v4.0
Gross Receipts
$474,115
Mission and Program Overview

Mission

Protect, preserve and enhance the natural and recreational features of the Assabet, Sudbury and Concord rivers, their tributaries and watersheds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$541,252$622,622▲ $81,370
Savings and Temporary Cash Investments$287,433$322,061▲ $34,628
Cash and Non-Interest-Bearing Accounts$77,007$101,635▲ $24,628
Pledges and Grants Receivable$78,811$94,543▲ $15,732
Land, Buildings, and Equipment, Net$2,610$2,585▼ $25
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$988,080$1,144,413▲ $156,333
Other Assets Total$967$967→ $0
Liabilities
Accounts Payable and Accrued Expenses$10,150$7,282▼ $2,868
Total Liabilities$10,150$7,282▼ $2,868
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$859,352$993,546▲ $134,194
Net Assets With Donor Restrictions$118,578$143,585▲ $25,007
Total Net Assets Fund Balance$977,930$1,137,131▲ $159,201
Total Liabilities and Net Assets / Fund Balance$988,080$1,144,413▲ $156,333

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$185$31,062$31,247
Land$2,400-$2,400
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ingeborg HegemannPresident
Jeff CollinsVice President
Allan FierceDirector
Dick LawrenceDirector
Don BurnDirector
Kirk DoggettDirector
Lisa VernegaardDirector
Pam RockwellDirector
Paul GoldmanDirector
Susan McArthurSecretary
Paul FitzgeraldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$312,003
Program Service Revenue
$0
Investment Income
$57,757
Other Revenue
$0
All Other Contributions
$165,510
Change in Net Assets
$116,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$173,932
Other Expenses$79,163
Total Fundraising Expense$10,759
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$119,589$30,774$8,041$158,404
Occupancy$12,365$2,572$663$15,600
Payroll Taxes$11,724$3,016$788$15,528
Fees for Services Other$13,028--$13,028
All Other Expenses$5,358$498$866$6,722
Other Expenses$2,292$1,017$122$3,431
Fees for Services Accounting-$2,750-$2,750
Insurance$2,066$428$110$2,604
Depreciation Depletion-$24-$24
Total Functional Expenses$200,670$41,666$10,759$253,095
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The Organization has over 800 members who represent the general public.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the Form 990 is emailed to each director for review before return is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annual certification required of board members.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board of Directors annually review the executive directors salary. All board members are independent

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board of Directors annual review the compensation of key employees. All Board members are independent

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All governing documents, policies and financial statements are availabe upon request.

Filing and Contact Details

Filer

Filer Name
OARS Inc
EIN
04-2963426
Phone
9783693956
Address
23 Bradford Street, Concord, MA 01742

Signing Officer

Name
Paul Fitzgerald
Title
Treasurer
Signed
2022-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allan Fierce
Formed
1987
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
200

Preparer

Firm
Vallas & Arrison PC
Address
312 Great Road, Littleton, MA 01460
Preparer
Thomas Arrison CPA
Phone
9784869855
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0663
IRS990/OccupancyGrp/ManagementAndGeneralAmt02572
IRS990/OccupancyGrp/ProgramServicesAmt012365
IRS990/OccupancyGrp/TotalAmt015600
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0967
IRS990/OtherAssetsTotalGrp/EOYAmt0967
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Lab Fees
IRS990/OtherExpensesGrp/Desc1Equipment Rental
IRS990/OtherExpensesGrp/Desc2Utilities
IRS990/OtherExpensesGrp/Desc3Other Expenses
IRS990/OtherExpensesGrp/FundraisingAmt0169
IRS990/OtherExpensesGrp/FundraisingAmt1122
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0587
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11017
IRS990/OtherExpensesGrp/ProgramServicesAmt023325
IRS990/OtherExpensesGrp/ProgramServicesAmt17757
IRS990/OtherExpensesGrp/ProgramServicesAmt23166
IRS990/OtherExpensesGrp/ProgramServicesAmt32292
IRS990/OtherExpensesGrp/TotalAmt023325
IRS990/OtherExpensesGrp/TotalAmt17757
IRS990/OtherExpensesGrp/TotalAmt23922
IRS990/OtherExpensesGrp/TotalAmt33431
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08041
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030774
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0119589
IRS990/OtherSalariesAndWagesGrp/TotalAmt0158404
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0788
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03016
IRS990/PayrollTaxesGrp/ProgramServicesAmt011724
IRS990/PayrollTaxesGrp/TotalAmt015528
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt078811
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt094543
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Allan Fierce
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0257314
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt014980
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt072575
IRS990/PYRevenuesLessExpensesAmt024133
IRS990/PYSalariesCompEmpBnftPaidAmt0175586
IRS990/PYTotalExpensesAmt0248161
IRS990/PYTotalRevenueAmt0272294
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0116665
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0287433
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0322061
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0312003
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0257314
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0211166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0246908
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0271680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01299071
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010976
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014980
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016790
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010985
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09531
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt063262
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95360
IRS990ScheduleA/PublicSupportPY170Pct00.95290
IRS990ScheduleA/PublicSupportTotal170Amt01299071
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0312003
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0257314
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0211166
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0246908
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0271680
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01299071
IRS990ScheduleA/TotalSupportAmt01362333
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0185
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031062
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031247
IRS990ScheduleD/LandGrp/BookValueAmt02400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02400
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02585
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization has over 800 members who represent the general public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the Form 990 is emailed to each director for review before return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Annual certification required of board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board of Directors annually review the executive directors salary. All board members are independent
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board of Directors annual review the compensation of key employees. All Board members are independent
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All governing documents, policies and financial statements are availabe upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.11$1.31$0.55$0.47$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.37$0.13$1.24$0.54$0.43$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.06$0.04$1.03$0.30$0.27$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.01$1.14$0.37$0.25$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.01$0.98$0.27$0.25$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.23$0.25$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.03$0.84$0.31$0.29$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.28$0.25$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.26$0.27$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.76$0.75$0.25$0.50
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.01$0.78$0.28$0.24$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.26$0.23$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.00$0.70$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.00$0.67$0.22