Civic Intelligence

Worcester City Campus Corporation

EIN 04-3170910 • 501(c)3 • Westborough, MA

50 Washington StWestborough, MA 01581

n/a

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.81x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

8.97x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

84th percentile

26%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

45th percentile

$737,010

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

17th percentile

-2.1%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-5.3%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$543,923,068

Down $11,530,048 (-2.1%) from 2023

Liabilities

Down

$438,693,115

Down $24,444,089 (-5.3%) from 2023

Net Assets

Up

$105,229,953

Up $12,914,041 (+14%) from 2023

Revenue

Down

$48,907,236

Down $2,744,480 (-5.3%) from 2023

Expenses

Down

$35,993,195

Down $1,158,590 (-3.1%) from 2023

Net Income

Down

$12,914,041

Down $1,585,890 (-11%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2011: $443,500,624Liabilities 2011: $325,449,161Net Assets 2011: $118,051,4632011Assets 2012: $393,016,344Liabilities 2012: $322,239,820Net Assets 2012: $70,776,5242012Assets 2013: $374,889,028Liabilities 2013: $321,012,319Net Assets 2013: $53,876,7092013Assets 2014: $375,524,969Liabilities 2014: $320,310,525Net Assets 2014: $55,214,4442014Assets 2015: $342,597,418Liabilities 2015: $319,402,635Net Assets 2015: $23,194,7832015Assets 2016: $332,919,874Liabilities 2016: $309,660,952Net Assets 2016: $23,258,9222016Assets 2017: $314,853,863Liabilities 2017: $290,854,348Net Assets 2017: $23,999,5152017Assets 2018: $303,719,270Liabilities 2018: $266,803,796Net Assets 2018: $36,915,4742018Assets 2019: $304,232,909Liabilities 2019: $251,203,210Net Assets 2019: $53,029,6992019Assets 2020: $400,776,214Liabilities 2020: $346,700,456Net Assets 2020: $54,075,7582020Assets 2021: $408,230,540Liabilities 2021: $348,677,527Net Assets 2021: $59,553,0132021Assets 2022: $500,310,261Liabilities 2022: $422,478,057Net Assets 2022: $77,832,2042022Assets 2023: $555,453,116Liabilities 2023: $463,137,204Net Assets 2023: $92,315,9122023Assets 2024: $543,923,068Liabilities 2024: $438,693,115Net Assets 2024: $105,229,9532024

Highlighted filing

2024

Assets$543,923,068
Liabilities$438,693,115
Net Assets$105,229,953

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $49,336,577Expenses 2011: $45,278,592Net Income 2011: $4,057,9852011Revenue 2012: $30,450,894Expenses 2012: $33,437,194Net Income 2012: -$2,986,3002012Revenue 2013: $38,103,841Expenses 2013: $40,126,853Net Income 2013: -$2,023,0122013Revenue 2014: $36,045,842Expenses 2014: $37,869,994Net Income 2014: -$1,824,1522014Revenue 2015: $36,410,735Expenses 2015: $38,430,396Net Income 2015: -$2,019,6612015Revenue 2016: $35,554,588Expenses 2016: $34,501,592Net Income 2016: $1,052,9962016Revenue 2017: $34,959,180Expenses 2017: $34,218,587Net Income 2017: $740,5932017Revenue 2018: $35,914,718Expenses 2018: $36,702,593Net Income 2018: -$787,8752018Revenue 2019: $39,545,284Expenses 2019: $36,699,470Net Income 2019: $2,845,8142019Revenue 2020: $36,712,429Expenses 2020: $35,666,370Net Income 2020: $1,046,0592020Revenue 2021: $37,285,221Expenses 2021: $31,807,966Net Income 2021: $5,477,2552021Revenue 2022: $50,990,541Expenses 2022: $33,893,784Net Income 2022: $17,096,7572022Revenue 2023: $51,651,716Expenses 2023: $37,151,785Net Income 2023: $14,499,9312023Revenue 2024: $48,907,236Expenses 2024: $35,993,195Net Income 2024: $12,914,0412024

Highlighted filing

2024

Revenue$48,907,236
Expenses$35,993,195
Net Income$12,914,041

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$544$439$105$48.9$36.0$12.9
2023Detailed filing. Detailed filing data is available for this year.$555$463$92.3$51.7$37.2$14.5
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$500$422$77.8$51.0$33.9$17.1
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$408$349$59.6$37.3$31.8$5.48
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$401$347$54.1$36.7$35.7$1.05
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$304$251$53.0$39.5$36.7$2.85
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$304$267$36.9$35.9$36.7$0.79
2017Summary only. Only limited summary data is available for this year.$315$291$24.0$35.0$34.2$0.74
2016Summary only. Only limited summary data is available for this year.$333$310$23.3$35.6$34.5$1.05
2015Summary only. Only limited summary data is available for this year.$343$319$23.2$36.4$38.4$2.02
2014Summary only. Only limited summary data is available for this year.$376$320$55.2$36.0$37.9$1.82
2013Summary only. Only limited summary data is available for this year.$375$321$53.9$38.1$40.1$2.02
2012Summary only. Only limited summary data is available for this year.$393$322$70.8$30.5$33.4$2.99
2011Summary only. Only limited summary data is available for this year.$444$325$118$49.3$45.3$4.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$48,907,236
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$288,998,922$278,526,366▼ $10,472,556
Other Notes and Loans Receivable, Net$249,974,391$249,285,609▼ $688,782
Rtn Earn Endowment Incm Other Fnds$92,315,912$105,229,953▲ $12,914,041
Savings and Temporary Cash Investments$9,454,765$9,976,491▲ $521,726
Prepaid Expenses and Deferred Charges$356,064$371,701▲ $15,637
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$555,453,116$543,923,068▼ $11,530,048
Other Assets Total$6,668,974$5,762,901▼ $906,073
Liabilities
Other Liabilities$296,755,793$279,617,134▼ $17,138,659
Deferred Revenue$163,411,147$156,121,485▼ $7,289,662
Accounts Payable and Accrued Expenses$2,630,093$2,623,427▼ $6,666
Tax Exempt Bond Liabilities$340,171$331,069▼ $9,102
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$463,137,204$438,693,115▼ $24,444,089
Net Assets / Fund Balance
Total Net Assets Fund Balance$92,315,912$105,229,953▲ $12,914,041
Total Liabilities and Net Assets / Fund Balance$555,453,116$543,923,068▼ $11,530,048

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$267,372,640$267,102,080$534,474,720
Equipment$604,425$12,935,586$13,540,011
Land$8,840,139-$8,840,139
Other Land Buildings$1,679,927-$1,679,927
Leasehold Improvements$29,235$114,699$143,934
Compensation and Service Providers

Board Members and Trustees

NameTitle
John LindstedtPresident
Barbara J KronckeDirector
James R JulianDirector
Mary L BurnsDirector
James HealyClerk
Lisa CaliseTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Abbvie Bioresearch CenterConstruction Svcs65 Allerton St, Boston, MA 02119$683,550
Green Leaf Construction LLCConstruction Svcs44 Pond St, Leominster, MA 01453$675,640
Bond Brothers INCConstruction Svcs25 Forge Pkwy, Franklin, MA 02038$570,825
Kmd Mechanical CorpConstruction Svcs98 Adams Street, Leominster, MA 01453$427,034
Collins Electric Company IncorporatConstruction Svcs640 Lincoln St, Worcester, MA 01605$406,467
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$38,643,529
Investment Income
$9,516,487
Other Revenue
$747,220
Change in Net Assets
$12,914,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$35,993,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$12,726,376--$12,726,376
Interest$8,281,610--$8,281,610
All Other Expenses-$876,476-$876,476
Fees for Services Legal$715,548--$715,548
Insurance$496,795--$496,795
Fees for Services Management$183,866--$183,866
Fees for Services Accounting$65,600--$65,600
Other Expenses$1,896$0$0$1,896
Total Functional Expenses$34,922,449$1,070,746$0$35,993,195
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable to Umba$279,617,134

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMhefa Wccc Issue Series D2005-04-14$103,444,563Defease 3/2000 series a bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$103,444,563$102,200,958$76,890,000$831,383

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part I, Line 4 and Part VI, Line 1B

The filing organization has only one independent member of the governing body because members of the governing body are compensated by a related organization. However, the filing organization is part of an integrated delivery system of organizations, including worcester city campus corporation, that have community boards. There has been no material change in the structure of the governing body since it applied for exempt status.

Form 990, Part VI, Section A, Line 2

The officers and directors of worcester city campus corporation have a business relationship. All are employed by the university of massachusetts or serve on the board of trustees for the university of massachusetts, a related organization.

Form 990, Part VI, Section A, Line 6

The university of massachusetts is the sole member of worcester city campus corporation.

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

The board of trustees for worcester city campus corporation elects members of the governing board.

Form 990, Part VI, Section A, Line 8B

There are no sub committees with authority to act on behalf of the governing body.

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

Once worcester city campus corporation form 990 is completed, it is reviewed by worcester city campus corporation's internal management. The completed form 990 is provided to all members of the board of directors prior to the form being filed with the irs.

Form 990, Part VI, Section B, Line 12C

Worcester city campus corporation maintains a written conflict of interest policy requiring disclosure of relevant facts that give rise to potential conflict of interest. At the end of the fiscal year before submission of form 990 each director and/or officer is provided with a questionnaire, requiring disclosure to any conflicts of interest that may have existed during the prior fiscal year.

Form 990, Part VI, Section C, Line 19

Worcester city campus corporation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VII, Section A

All directors devote approximately one hour per week on average to worcester city campus corporation. The remainder of their time (39 hours each) is devoted to the university of massachusetts and its related organizations. The officers and directors receiving compensation in part vii, section a are paid by the university of massachusetts for their services to the university, not for their services to worcester city campus corporation.

Filing and Contact Details

Filer

Filer Name
Worcester City Campus Corporation
EIN
04-3170910
In Care Of
% LISA KERR
Phone
5088267668
Address
50 WASHINGTON ST, WESTBOROUGH, MA 01581

Signing Officer

Name
Joe Doherty
Title
President
Phone
5088267668
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Doherty
Formed
1992
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
155 N WACKER DRIVE, CHICAGO, IL 60606
Preparer
Emily Upstrom
Phone
3128792000
Supplemental Narrative

Additional Explanations

Form 990, Part 1, Line 1 and Part III, Line 1

Mission statement managing, developing, improving, renovating, leasing or maintaining any real or personal property conveyed or transferred to worcester city campus corporation. Including without limitation, real and personal property to support the educational research and public service activities of the university of massachusetts.

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

Asc 740 footnote from audited financial statements: worcester city campus corporation is an organization described in section 501(c)(3) of the internal revenue code and is generally exempt from income taxes pursuant to section 501(a) of the code. Worcester city campus corporation is required to assess uncertain tax positions and has determined that there were no such positions that are material to the financial statements as of june 30, 2024 and 2023, respectively.

Raw XML AppendixShowing 400 of 832 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/Form990PartVIISectionAGrp/PersonNm0John Lindstedt
IRS990/Form990PartVIISectionAGrp/PersonNm1Lisa Calise
IRS990/Form990PartVIISectionAGrp/PersonNm2James Healy
IRS990/Form990PartVIISectionAGrp/PersonNm3BARBARA J KRONCKE
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES R JULIAN
IRS990/Form990PartVIISectionAGrp/PersonNm5MARY L BURNS
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE UNIVERSITY OF MASSACHUSETTS IS A GOVERNMENTAL ENTITY AND IS NOT REQUIRED TO OBTAIN AN IRS DETERMINATION LETTER.
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