Civic Intelligence

Worcester Area Business Education Foundation Inc.

990 • Fiscal year 2020 • EIN 04-3265642

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Organization ProfileN/A
311 Main Street No 200Worcester, MA 01608

(508) 753-2924

Siviq Scores

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

Liabilities / Assets

48th percentile

0.09x

Higher debt load relative to assets than 48% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

0.05x

Higher debt load relative to revenue than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

90th percentile

49%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

94th percentile

$278,390

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 38.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

99th percentile

1064%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

100th percentile

3473%

Faster revenue growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$427,574

Up $390,844 (+1064%) from 2019

Net Assets

Up

$390,792

Up $357,092 (+1060%) from 2019

Liabilities

Up

$36,782

Up $33,752 (+1114%) from 2019

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin90th percentile

Revenue

Up

$723,643

Up $703,389 (+3473%) from 2019

Expenses

Up

$366,551

Up $351,388 (+2317%) from 2019

Net Income

Up

$357,092

Up $352,001 (+6914%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $11,057Liabilities 2010: $0Net Assets 2010: $11,0572010Assets 2011: $999Liabilities 2011: $0Net Assets 2011: $9992011Assets 2012: $805Liabilities 2012: $0Net Assets 2012: $8052012Assets 2013: $258,255Liabilities 2013: $3,000Net Assets 2013: $255,2552013Assets 2014: $253,955Liabilities 2014: $15,000Net Assets 2014: $238,9552014Assets 2015: $158,579Liabilities 2015: $15,000Net Assets 2015: $143,5792015Assets 2016: $69,642Liabilities 2016: $3,000Net Assets 2016: $66,6422016Assets 2017: $43,689Liabilities 2017: $3,030Net Assets 2017: $40,6592017Assets 2018: $31,639Liabilities 2018: $3,030Net Assets 2018: $28,6092018Assets 2019: $36,730Liabilities 2019: $3,030Net Assets 2019: $33,7002019Assets 2020: $427,574Liabilities 2020: $36,782Net Assets 2020: $390,7922020Assets 2021: $871,835Liabilities 2021: $132,694Net Assets 2021: $739,1412021Assets 2022: $1,425,378Liabilities 2022: $266,806Net Assets 2022: $1,158,5722022Assets 2023: $2,940,421Liabilities 2023: $832,185Net Assets 2023: $2,108,2362023Assets 2024: $7,973,096Liabilities 2024: $1,268,964Net Assets 2024: $6,704,1322024

Highlighted filing

2020

Assets$427,574
Liabilities$36,782
Net Assets$390,792
Open 2020 Filing

Operations Trend

Revenue Growth100th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $12,504Expenses 2010: $2,600Net Income 2010: $9,9042010Revenue 2011: $32,012Expenses 2011: $42,070Net Income 2011: -$10,0582011Revenue 2012: $12,501Expenses 2012: $12,695Net Income 2012: -$1942012Revenue 2013: $277,520Expenses 2013: $23,070Net Income 2013: $254,4502013Revenue 2014: $60,278Expenses 2014: $76,578Net Income 2014: -$16,3002014Revenue 2015: $25,507Expenses 2015: $120,884Net Income 2015: -$95,3772015Revenue 2016: $10,197Expenses 2016: $87,133Net Income 2016: -$76,9362016Revenue 2017: $20,550Expenses 2017: $46,533Net Income 2017: -$25,9832017Revenue 2018: $27,500Expenses 2018: $39,550Net Income 2018: -$12,0502018Revenue 2019: $20,254Expenses 2019: $15,163Net Income 2019: $5,0912019Revenue 2020: $723,643Expenses 2020: $366,551Net Income 2020: $357,0922020Revenue 2021: $761,774Expenses 2021: $413,425Net Income 2021: $348,3492021Revenue 2022: $1,488,064Expenses 2022: $1,029,910Net Income 2022: $458,1542022Revenue 2023: $2,032,195Expenses 2023: $1,129,250Net Income 2023: $902,9452023Revenue 2024: $5,707,001Expenses 2024: $1,144,205Net Income 2024: $4,562,7962024

Highlighted filing

2020

Revenue$723,643
Expenses$366,551
Net Income$357,092
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$1,184,486
Mission and Program Overview

Mission

Provide educational programs to the membership of the chamber and the local business community.

Provide education to the membership of worcester regional chamber of commerce (the chamber) and the local business community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$36,730$284,381▲ $247,651
Accounts Receivable-$43,879-
Land, Buildings, and Equipment, Net$0$31,959▲ $31,959
Total Assets$36,730$427,574▲ $390,844
Other Assets Total$0$67,355▲ $67,355
Liabilities
Other Liabilities$0$25,431▲ $25,431
Accounts Payable and Accrued Expenses$3,030$11,351▲ $8,321
Total Liabilities$3,030$36,782▲ $33,752
Net Assets / Fund Balance
Net Assets With Donor Restrictions$33,700$390,792▲ $357,092
Total Net Assets Fund Balance$33,700$390,792▲ $357,092
Total Liabilities and Net Assets / Fund Balance$36,730$427,574▲ $390,844

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,959$7,990$39,949
Other Assets Org$67,355--
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Kate SharryChair/director
Timothy P MurrayPresident
Eric TorkornooClerk/director
Brian W ThompsonDirector
Chizoma NosikeDirector
Christine CassidyDirector
Craig BlaisDirector
Demitrios M MoschosDirector
Jamie SaloisDirector
Katherine BagdisDirector
Robert CoxDirector
Satya MitraTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$595,818
Program Service Revenue
$68,280
Investment Income
$0
Other Revenue
$59,545
All Other Contributions
$595,818
Change in Net Assets
$357,092

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,184,486
Revenue Not Reported on Financial Statements
$-460,843
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-460,843
Total Revenue per Audited Statements
$1,184,486
Total Revenue per Form 990
$723,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$366,551
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
Fees for Services Management$171,727--$171,727
Advertising$28,300--$28,300
Occupancy$28,148--$28,148
Fees for Services Other$24,750--$24,750
Other Expenses$12,500--$12,500
Information Technology$8,745--$8,745
Depreciation Depletion$6,252--$6,252
Travel$6,026--$6,026
Insurance$5,576--$5,576
Office Expenses$3,295--$3,295
All Other Expenses$2,571--$2,571
Total Functional Expenses$366,551$0$0$366,551

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$827,394
Expenses Not Reported on Form 990$460,843
Expenses per Audited Statements$366,551
Total Expenses per Form 990$366,551
Expenses Not Reported on Financial Statements$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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payable$17,631
Security Deposits$7,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is reviewed by the executive committee prior to its filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Worcester Regional Strategic
EIN
04-3265642
Phone
5087532924
Address
311 MAIN STREET NO 200, WORCESTER, MA 01608

Signing Officer

Name
Timothy P Murray
Title
President
Phone
5087532924
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy P Murray
Formed
1995
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
10

Preparer

Firm
Stolberg Ebbeling & Blanchette Llp
Address
41 ELM STREET, WORCESTER, MA 01609-2573
Preparer
Glenn M Creaven CPA
Phone
5083633000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“SEE PART III LINE 4B”

Financial Statement Notes

PART X, LINE 2:

“The foundation evaluates all significant tax positions as required by u.s. Gaap. As of december 31, 2020, the foundation does not believe it has taken any tax positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would increase or decrease within the next 12 months. The foundation's income tax and information returns are subject to examination by the internal revenue service. As of december 31, 2020, the organization's federal returns generally remain open for the last three years.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Cost of goods sold -460,843.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 460,843.”

Raw XML AppendixShowing 400 of 523 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/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0KITCHEN AND STORAGE RE
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATION AND OTHER RE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt057450
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110830
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt057450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110830
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNATION PROVIDES ADMINISTRATIVE, FINANCIAL AND PERSONNEL SERVICES TO ORGANIZATIONS WHOSE PURPOSES ARE CONSISTENT WITH THE FOUNDATION'S UNDER FISCAL SPONSORSHIP AGREEMENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0354016
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0127825
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt020254
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt015163
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt05091
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt015163
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020254
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0357092
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0595818
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt020254
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt027500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt020550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0674122
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0197
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0197
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0588668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0588668
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0197
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0197
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00680
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99320
IRS990ScheduleA/PublicSupportTotal509Amt01262790
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01184486
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt020254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt027500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt020550
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/Total509Grp/TotalAmt01262790
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01184486
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt020254
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt027500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt020550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt010197
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01262987
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt031959
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07990
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt039949
IRS990ScheduleD/ExpensesNotReportedAmt0460843
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0366551
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt067355
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RELATED PARTY RECEIVABLE
IRS990ScheduleD/OtherExpensesIncludedAmt0460843
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-460843
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-460843
IRS990ScheduleD/RevenueSubtotalAmt01184486
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY U.S. GAAP. AS OF DECEMBER 31, 2020, THE FOUNDATION DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD INCREASE OR DECREASE WITHIN THE NEXT 12 MONTHS. THE FOUNDATION'S INCOME TAX AND INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. AS OF DECEMBER 31, 2020, THE ORGANIZATION'S FEDERAL RETURNS GENERALLY REMAIN OPEN FOR THE LAST THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD -460,843.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 460,843.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031959
IRS990ScheduleD/TotalBookValueOtherAssetsAmt067355
IRS990ScheduleD/TotalExpensesPerForm990Amt0366551
IRS990ScheduleD/TotalLiabilityAmt025431
IRS990ScheduleD/TotalRevenuePerForm990Amt0723643
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01184486
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0827394
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0276958
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt01432
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TIMOTHY P MURRAY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0278390
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0TIMOTHY P. MURRAY IS ALSO THE CEO AND PRESIDENT OF THE CHAMBER, AN ENTITY RELATED THROUGH COMMON BOARD MEMBERSHIP. MR. MURRAY'S COMPENSATION IS PAID ENTIRELY BY WRCC AND RECORDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE CHAMBER AND THE FOUNDATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEE PART III LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0WORCESTER REGIONAL CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WORCESTER REGIONAL CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0041988780
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$427,574
Liabilities
$36,782
Net assets
$390,792
Revenue
$723,643
Expenses
$366,551
Net income
$357,092
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.97$1.27$6.70$5.71$1.14$4.56
2023Detailed filing. Detailed filing data is available for this year.$2.94$0.83$2.11$2.03$1.13$0.90
2022Detailed filing. Detailed filing data is available for this year.$1.43$0.27$1.16$1.49$1.03$0.46
2021Detailed filing. Detailed filing data is available for this year.$0.87$0.13$0.74$0.76$0.41$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.04$0.39$0.72$0.37$0.36
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.03$0.02$0.02$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.03$0.04$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.02$0.05$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.01$0.09$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.02$0.14$0.03$0.12$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.02$0.24$0.06$0.08$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.28$0.02$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.01$0.01$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.03$0.04$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.01$0.00$0.01