Oar Foundation Inc

Nonprofit profile at a glance

EIN
202990816
IRS 990-EZ coverage
2020–2023
Forms available
Form 990-EZ 2023
Location
WinstonSalem, NC, USA
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion

Reported finances

Revenue
$159,608
Expenses
$138,954
Assets
$232,338

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • Staale Swift (Director Pres and Secretary)
  • Stephen Robertson (Director V Pres and Treasurer)
  • Stuart Epperson Jr (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The OAR Foundation is a mission minded 501c3 non profit organization that seeks for opportunities that will make a difference in peoples lives and develops actions that will obtain positive & in some cases life changing results

What it reported doing in 2023

Project 7040-43 Dental Samaritan Services providing dental services at no or low cost to those that cannot financially afford dental care and service required to maintain their health - the NC & VA region as well as some international trips to impoverished countries

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 82
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.5%; rating input score 86
  • Program expense ratio: 98.2%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 12.9%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 1.67; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 18.8% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 33.6% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 35.4% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 85.5% of revenue deployed · 98.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $136K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.