Civic Intelligence

Worcester Credit Union

990 • Fiscal year 2017 • EIN 04-1990205

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 01, 2018

Organization ProfileWWW.WORCESTERCU.COM

View Organization Page

520 W Boylston StreetWorcester, MA 01606

(508) 853-9966

Siviq Scores

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

Liabilities / Assets

75th percentile

0.91x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

20.94x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Net Margin

39th percentile

6.9%

Higher net margin than 39% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$228,404

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Asset Growth

50th percentile

3.0%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

63rd percentile

7.3%

Faster revenue growth than 63% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$80,724,729

Up $2,327,069 (+3.0%) from 2016

Net Assets

Up

$7,635,133

Up $195,430 (+2.6%) from 2016

Liabilities

Up

$73,089,596

Up $2,131,639 (+3.0%) from 2016

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin39th percentile

Revenue

Up

$3,490,858

Up $236,999 (+7.3%) from 2016

Expenses

Up

$3,248,728

Up $214,140 (+7.1%) from 2016

Net Income

Up

$242,130

Up $22,859 (+10%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$150M$100M$50M$0Assets 2010: $81,502,954Liabilities 2010: $73,792,622Net Assets 2010: $7,710,3322010Assets 2011: $81,103,309Liabilities 2011: $73,433,288Net Assets 2011: $7,670,0212011Assets 2012: $83,157,602Liabilities 2012: $75,588,874Net Assets 2012: $7,568,7282012Assets 2013: $81,948,734Liabilities 2013: $74,505,558Net Assets 2013: $7,443,1762013Assets 2014: $78,096,138Liabilities 2014: $70,682,606Net Assets 2014: $7,413,5322014Assets 2015: $76,129,004Liabilities 2015: $68,909,450Net Assets 2015: $7,219,5542015Assets 2016: $78,397,660Liabilities 2016: $70,957,957Net Assets 2016: $7,439,7032016Assets 2017: $80,724,729Liabilities 2017: $73,089,596Net Assets 2017: $7,635,1332017Assets 2018: $80,628,970Liabilities 2018: $72,784,704Net Assets 2018: $7,844,2662018Assets 2019: $81,833,951Liabilities 2019: $73,671,503Net Assets 2019: $8,162,4482019Assets 2020: $106,731,810Liabilities 2020: $97,836,182Net Assets 2020: $8,895,6282020Assets 2021: $107,267,095Liabilities 2021: $98,044,869Net Assets 2021: $9,222,2262021Assets 2022: $105,060,405Liabilities 2022: $98,428,333Net Assets 2022: $6,632,0722022Assets 2023: $98,463,592Liabilities 2023: $90,482,279Net Assets 2023: $7,981,3132023Assets 2024: $96,506,337Liabilities 2024: $87,743,183Net Assets 2024: $8,763,1542024

Highlighted filing

2017

Assets$80,724,729
Liabilities$73,089,596
Net Assets$7,635,133
Open 2017 Filing

Operations Trend

Revenue Growth63rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,145,6662010Expenses 2011: $4,062,0992011Revenue 2012: $3,714,960Expenses 2012: $3,819,728Net Income 2012: -$104,7682012Revenue 2013: $3,607,912Expenses 2013: $3,543,829Net Income 2013: $64,0832013Revenue 2014: $3,441,486Expenses 2014: $3,560,989Net Income 2014: -$119,5032014Revenue 2015: $3,305,518Expenses 2015: $3,467,108Net Income 2015: -$161,5902015Revenue 2016: $3,253,859Expenses 2016: $3,034,588Net Income 2016: $219,2712016Revenue 2017: $3,490,858Expenses 2017: $3,248,728Net Income 2017: $242,1302017Revenue 2018: $3,711,455Expenses 2018: $3,507,023Net Income 2018: $204,4322018Revenue 2019: $3,906,223Expenses 2019: $3,646,969Net Income 2019: $259,2542019Revenue 2020: $3,911,731Expenses 2020: $3,429,308Net Income 2020: $482,4232020Revenue 2021: $3,800,689Expenses 2021: $3,016,123Net Income 2021: $784,5662021Revenue 2022: $3,533,968Expenses 2022: $3,224,289Net Income 2022: $309,6792022Revenue 2023: $4,719,033Expenses 2023: $3,960,168Net Income 2023: $758,8652023Revenue 2024: $4,756,527Expenses 2024: $4,143,677Net Income 2024: $612,8502024

Highlighted filing

2017

Revenue$3,490,858
Expenses$3,248,728
Net Income$242,130
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 1, 2018
Return Version
2017v2.3
Gross Receipts
$3,490,858
Mission and Program Overview

Mission

Credit union without capital stock organized and operated for mutual purposes and without profit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$50,649,614$54,944,431▲ $4,294,817
Investments Other Securities$14,555,189$13,466,306▼ $1,088,883
Cash and Non-Interest-Bearing Accounts$8,582,990$7,790,329▼ $792,661
Rtn Earn Endowment Incm Other Fnds$7,439,703$7,635,133▲ $195,430
Receivables From Officers Etc$1,800,000$1,800,000→ $0
Land, Buildings, and Equipment, Net$1,103,426$1,039,529▼ $63,897
Prepaid Expenses and Deferred Charges$153,456$188,441▲ $34,985
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$78,397,660$80,724,729▲ $2,327,069
Other Assets Total$1,552,985$1,495,693▼ $57,292
Liabilities
Other Liabilities$70,748,582$70,021,328▼ $727,254
Mortgage Notes Payable Secured by Investment Property$0$2,000,000▲ $2,000,000
Accounts Payable and Accrued Expenses$91,484$942,242▲ $850,758
Deferred Revenue$117,891$126,026▲ $8,135
Total Liabilities$70,957,957$73,089,596▲ $2,131,639
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,439,703$7,635,133▲ $195,430
Total Liabilities and Net Assets / Fund Balance$78,397,660$80,724,729▲ $2,327,069

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$294,297$801,523$1,095,820
Buildings$283,524$747,475$1,030,999
Other Land Buildings$79,108$771,411$850,519
Land$382,600-$382,600
Other Securities$207,900--
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen E DuffyPresident/CEOFT$189,176$39,228$228,404
Natasha BeaulieuVP OperationsFT$83,662$12,071$95,733

Board Members and Trustees

NameTitle
Robert HenniganChairman
Paula HarrityVice-chair
David MooreDirector
John PranckeviciousDirector
Julie ParenteauDirector
Sharon WoodburyDirector
Michael TraynorSecretary
John LauringTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,036,820
Investment Income
$317,205
Other Revenue
$136,833
Change in Net Assets
$242,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,482,357
Revenue Not Reported on Financial Statements
$8,501
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$8,501
Total Revenue per Audited Statements
$3,482,357
Total Revenue per Form 990
$3,490,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,932,456
Salaries, Compensation, and Employee Benefits$1,316,272
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$747,435
Current Officers, Directors, Trustees, and Key Employees---$305,849
Advertising---$249,663
All Other Expenses---$166,958
Occupancy---$158,424
Other Employee Benefits---$152,823
Depreciation Depletion---$107,447
Other Expenses---$98,516
Payroll Taxes---$86,936
Fees for Services Accounting---$52,800
Insurance---$42,478
Conferences and Meetings---$31,391
Pension Plan Contributions---$23,229
Fees for Services Legal---$5,301
Interest---$4,904
Total Functional Expenses$0$0$0$3,248,728

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,248,728
Total Expenses per Audited Statements$3,248,728
Total Expenses per Form 990$3,248,728
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,800,000$1,800,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$69,961,218
Accrued Dividends on Member Deposits$60,110
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Each depositor is a member of the organization and has voting rights at the annual meeting including election of the officers and board of directors.”

Form 990, Part VI, Section A, Line 7A

“Each depositor is a member and has voting rights at the annual meeting.”

Form 990, Part VI, Section A, Line 7B

“Each depositor has voting rights to elect officers and board of directors.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by the ceo and available to each member of the governing body upon request after the form 990 is filed.”

Form 990, Part VI, Section B, Line 12

“The annual review of the ceo's salary is conducted by the board of directors who make recommendations of compensation when applicable. The use of the organization's vehicle is also voted and approved by the board of directors.”

Form 990, Part VI, Section B, Line 15A

“The annual review of the ceo's salary is conducted by the board of directors who make recommendations of compensation when applicable. The use of the organization's vehicle is also voted and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by appointment.”

Filing and Contact Details

Filer

Filer Name
Worcester Credit Union
EIN
04-1990205
Phone
5088539966
Address
520 W BOYLSTON STREET, WORCESTER, MA 01606

Signing Officer

Name
Karen Duffy
Title
President
Phone
5088539966
Signed
2018-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Duffy
Formed
1998
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
9
Employees
33
Volunteers
0

Preparer

Firm
Bollus Lynch Llp
Address
89 SHREWSBURY STREET, WORCESTER, MA 01604
Preparer
Barbara E King
Phone
5087557107
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Cuso development k-1 income -8,501.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Cuso development k-1 8,501.”

Raw XML AppendixShowing 400 of 440 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1523000
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1CUSO DEVELOPMENT INCOM
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0128332
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt18501
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0128332
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18501
IRS990/OtherRevenueTotalAmt0136833
IRS990/OtherSalariesAndWagesGrp/TotalAmt0747435
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt050649614
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt054944431
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt086936
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt023229
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0153456
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0188441
IRS990/PrincipalOfficerNm0KAREN DUFFY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02271377
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1765443
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02271377
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1765443
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0272637
IRS990/PYOtherExpensesAmt01721492
IRS990/PYOtherRevenueAmt071349
IRS990/PYProgramServiceRevenueAmt02909873
IRS990/PYRevenuesLessExpensesAmt0219271
IRS990/PYSalariesCompEmpBnftPaidAmt01313096
IRS990/PYTotalExpensesAmt03034588
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03253859
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01800000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01800000
IRS990/ReconcilationRevenueExpnssAmt0242130
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07439703
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07635133
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0283524
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0747475
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01030999
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03248728
IRS990ScheduleD/LandGrp/BookValueAmt0382600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0382600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0294297
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0801523
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01095820
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt079108
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0771411
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0850519
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt069961218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160110
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED DIVIDENDS ON MEMBER DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt08501
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt013258406
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1207900
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FHLB CAPITAL STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt08501
IRS990ScheduleD/RevenueSubtotalAmt03482357
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CUSO DEVELOPMENT K-1 8,501.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01039529
IRS990ScheduleD/TotalBookValueSecuritiesAmt013466306
IRS990ScheduleD/TotalExpensesPerForm990Amt03248728
IRS990ScheduleD/TotalLiabilityAmt070021328
IRS990ScheduleD/TotalRevenuePerForm990Amt03490858
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03482357
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03248728
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0189176
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05620
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0597
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt033011
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KAREN E DUFFY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0228404
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt02190000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SPLIT DOLLAR LIFE INSURANCE AGREEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt02190000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0KAREN DUFFY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt02190000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH DEPOSITOR IS A MEMBER OF THE ORGANIZATION AND HAS VOTING RIGHTS AT THE ANNUAL MEETING INCLUDING ELECTION OF THE OFFICERS AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DEPOSITOR IS A MEMBER AND HAS VOTING RIGHTS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DEPOSITOR HAS VOTING RIGHTS TO ELECT OFFICERS AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE CEO AND AVAILABLE TO EACH MEMBER OF THE GOVERNING BODY UPON REQUEST AFTER THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ANNUAL REVIEW OF THE CEO'S SALARY IS CONDUCTED BY THE BOARD OF DIRECTORS WHO MAKE RECOMMENDATIONS OF COMPENSATION WHEN APPLICABLE. THE USE OF THE ORGANIZATION'S VEHICLE IS ALSO VOTED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ANNUAL REVIEW OF THE CEO'S SALARY IS CONDUCTED BY THE BOARD OF DIRECTORS WHO MAKE RECOMMENDATIONS OF COMPENSATION WHEN APPLICABLE. THE USE OF THE ORGANIZATION'S VEHICLE IS ALSO VOTED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY APPOINTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CUSO DEVELOPMENT K-1 INCOME -8,501.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt078397660
IRS990/TotalAssetsEOYAmt080724729
IRS990/TotalAssetsGrp/BOYAmt078397660
IRS990/TotalAssetsGrp/EOYAmt080724729
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/TotalAmt03248728
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070957957
IRS990/TotalLiabilitiesEOYAmt073089596
IRS990/TotalLiabilitiesGrp/BOYAmt070957957
IRS990/TotalLiabilitiesGrp/EOYAmt073089596
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07439703
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07635133
IRS990/TotalOtherCompensationAmt018288
IRS990/TotalProgramServiceRevenueAmt03036820
IRS990/TotalReportableCompFromOrgAmt0305849
IRS990/TotalRevenueGrp/ExclusionAmt0317205
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03173653
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03490858
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt078397660
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt080724729
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0520 W BOYLSTON STREET
IRS990/USAddress/CityNm0WORCESTER
IRS990/USAddress/StateAbbreviationCd0MA

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$80,724,729
Liabilities
$73,089,596
Net assets
$7,635,133
Revenue
$3,490,858
Expenses
$3,248,728
Net income
$242,130
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$96.5$87.7$8.76$4.76$4.14$0.61
2023Detailed filing. Detailed filing data is available for this year.$98.5$90.5$7.98$4.72$3.96$0.76
2022Detailed filing. Detailed filing data is available for this year.$105$98.4$6.63$3.53$3.22$0.31
2021Detailed filing. Detailed filing data is available for this year.$107$98.0$9.22$3.80$3.02$0.78
2020Detailed filing. Detailed filing data is available for this year.$107$97.8$8.90$3.91$3.43$0.48
2019Detailed filing. Detailed filing data is available for this year.$81.8$73.7$8.16$3.91$3.65$0.26
2018Detailed filing. Detailed filing data is available for this year.$80.6$72.8$7.84$3.71$3.51$0.20
2017Detailed filing. Detailed filing data is available for this year.$80.7$73.1$7.64$3.49$3.25$0.24
2016Detailed filing. Detailed filing data is available for this year.$78.4$71.0$7.44$3.25$3.03$0.22
2015Detailed filing. Detailed filing data is available for this year.$76.1$68.9$7.22$3.31$3.47$0.16
2014Detailed filing. Detailed filing data is available for this year.$78.1$70.7$7.41$3.44$3.56$0.12
2013Detailed filing. Detailed filing data is available for this year.$81.9$74.5$7.44$3.61$3.54$0.06
2012Summary only. Only limited summary data is available for this year.$83.2$75.6$7.57$3.71$3.82$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.1$73.4$7.67$4.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.5$73.8$7.71$4.15