Civic Intelligence

Worcester Area Business Education Foundation Inc.

990 • Fiscal year 2022 • EIN 04-3265642

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

311 Main Street 200Worcester, MA 01608

(508) 753-2924

Siviq Scores

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

Liabilities / Assets

67th percentile

0.19x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.18x

Higher debt load relative to revenue than 64% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

80th percentile

31%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

95th percentile

$294,266

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

91st percentile

63%

Faster asset growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

90th percentile

95%

Faster revenue growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,425,378

Up $553,543 (+63%) from 2021

Net Assets

Up

$1,158,572

Up $419,431 (+57%) from 2021

Liabilities

Up

$266,806

Up $134,112 (+101%) from 2021

Revenue

Up

$1,488,064

Up $726,290 (+95%) from 2021

Expenses

Up

$1,029,910

Up $616,485 (+149%) from 2021

Net Income

Up

$458,154

Up $109,805 (+32%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$1,425,378
Liabilities$266,806
Net Assets$1,158,572

Operations Trend

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

2022

Revenue$1,488,064
Expenses$1,029,910
Net Income$458,154
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$1,986,544
Mission and Program Overview

Mission

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

Support the charitable purposes of the worcester regional chamber of commerce (the chamber) by: 1) developing and delivering educational programs and services to the chamber, its affiliates, local business community and general public; and 2) lessening the burdens of government by combatting community deterioration and enabling economic development by supporting distressed areas within the service areas of the chamber.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$123,969$468,269▲ $344,300
Investments Other Securities$213,044$285,223▲ $72,179
Cash and Non-Interest-Bearing Accounts$433,288$264,307▼ $168,981
Pledges and Grants Receivable-$257,312-
Accounts Receivable$51,806$70,089▲ $18,283
Savings and Temporary Cash Investments$44,373$36,428▼ $7,945
Total Assets$871,835$1,425,378▲ $553,543
Other Assets Total$5,355$43,750▲ $38,395
Liabilities
Other Liabilities$107,929$171,965▲ $64,036
Accounts Payable and Accrued Expenses$24,765$94,841▲ $70,076
Total Liabilities$132,694$266,806▲ $134,112
Net Assets / Fund Balance
Net Assets With Donor Restrictions$737,694$1,193,300▲ $455,606
Net Assets Without Donor Restrictions$1,447$-34,728▼ $36,175
Total Net Assets Fund Balance$739,141$1,158,572▲ $419,431
Total Liabilities and Net Assets / Fund Balance$871,835$1,425,378▲ $553,543

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$411,233-$411,233
Equipment$57,036$25,429$82,465
Other Securities$285,223--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Karen PelletierVice President$149,315$149,315

Board Members and Trustees

NameTitle
Demitrios M MoschosChair/director
Timothy P MurrayPresident
Katherine BagdisVice Chair
Eric TorkornooClerk/director
Alex GuardiolaDirector
Carolyn JacksonDirector
Christine CassidyDirector
Craig BlaisDirector
Diane M GiampaDirector
Eric GoodwineDirector
Eric a BusenburgDirector
Jamie SaloisDirector
Kola AkindeleDirector
Michael CrawfordDirector
Robert CoxDirector
Sheila King-goodwinDirector
Satya MitraTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$1,283,853
Program Service Revenue
$149,440
Investment Income
$5,957
Other Revenue
$48,814
All Other Contributions
$1,283,853
Change in Net Assets
$458,154

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,986,544
Revenue Not Reported on Financial Statements
$-498,480
Revenue Not Reported on Form 990
$-41,723
Other Revenue Adjustments
$-498,480
Total Revenue per Audited Statements
$1,944,821
Total Revenue per Form 990
$1,488,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,029,910
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$269,620--$269,620
Fees for Services Other$75,500--$75,500
Travel$53,050--$53,050
Occupancy$41,104--$41,104
Advertising$29,522--$29,522
Information Technology$9,815--$9,815
Depreciation Depletion$9,449--$9,449
All Other Expenses$8,983$409-$9,392
Other Expenses$8,063--$8,063
Insurance$5,846--$5,846
Office Expenses$4,099--$4,099
Total Functional Expenses$1,029,501$409$0$1,029,910

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,528,390
Expenses per Audited Statements$1,029,910
Total Expenses per Form 990$1,029,910
Expenses Not Reported on Form 990$498,480
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
Refundable Advance$134,185
Related Party Payable$24,980
Security Deposits$12,800
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 200, WORCESTER, MA 01608

Signing Officer

Name
Timothy P Murray
Title
President
Phone
5087532924
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy P Murray
Formed
1995
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
16
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 XII, Line 2C

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

Financial Statement Notes

PART X, LINE 2:

The foundation evaluates all significant tax positions as required by u.s. Gaap. As of december 31, 2021, 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, 2021, the organization's federal returns generally remain open for the last three years.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -498,480.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 498,480.

Raw XML AppendixShowing 400 of 594 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt024765
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt094841
IRS990/AccountsReceivableGrp/BOYAmt051806
IRS990/AccountsReceivableGrp/EOYAmt070089
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPORT THE CHARITABLE PURPOSES OF THE WORCESTER REGIONAL CHAMBER OF COMMERCE (THE CHAMBER) BY: 1) DEVELOPING AND DELIVERING EDUCATIONAL PROGRAMS AND SERVICES TO THE CHAMBER, ITS AFFILIATES, LOCAL BUSINESS COMMUNITY AND GENERAL PUBLIC; AND 2) LESSENING THE BURDENS OF GOVERNMENT BY COMBATTING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY SUPPORTING DISTRESSED AREAS WITHIN THE SERVICE AREAS OF THE CHAMBER.
IRS990/AdvertisingGrp/ProgramServicesAmt029522
IRS990/AdvertisingGrp/TotalAmt029522
IRS990/AllOtherContributionsAmt01283853
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0409
IRS990/AllOtherExpensesGrp/ProgramServicesAmt08983
IRS990/AllOtherExpensesGrp/TotalAmt09392
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0TIMOTHY P MURRAY
IRS990/BooksInCareOfDetail/PhoneNum05087532924
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0311 MAIN STREET SUITE 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0WORCESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001608
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0433288
IRS990/CashNonInterestBearingGrp/EOYAmt0264307
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CostOfGoodsSoldAmt0498480
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01283853
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05957
IRS990/CYOtherExpensesAmt01029910
IRS990/CYOtherRevenueAmt048814
IRS990/CYProgramServiceRevenueAmt0149440
IRS990/CYRevenuesLessExpensesAmt0458154
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01029910
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01488064
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt09449
IRS990/DepreciationDepletionGrp/TotalAmt09449
IRS990/Desc0WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION (THE FOUNDATION) PROVIDES EDUCATIONAL PROGRAMS TO THE MEMBERSHIP OF THE CHAMBER AND THE LOCAL BUSINESS COMMUNITY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0737694
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01193300
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0437038
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0269620
IRS990/FeesForServicesManagementGrp/TotalAmt0269620
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt075500
IRS990/FeesForServicesOtherGrp/TotalAmt075500
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt036.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt136.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt164.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt170.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt31432
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1612291
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0DEMITRIOS M MOSCHOS
IRS990/Form990PartVIISectionAGrp/PersonNm1SATYA MITRA
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIC TORKORNOO
IRS990/Form990PartVIISectionAGrp/PersonNm3TIMOTHY P MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm4KATHERINE BAGDIS
IRS990/Form990PartVIISectionAGrp/PersonNm5CHRISTINE CASSIDY
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMIE SALOIS
IRS990/Form990PartVIISectionAGrp/PersonNm7CRAIG BLAIS
IRS990/Form990PartVIISectionAGrp/PersonNm8KOLA AKINDELE
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBERT COX
IRS990/Form990PartVIISectionAGrp/PersonNm10ERIC A BUSENBURG
IRS990/Form990PartVIISectionAGrp/PersonNm11DIANE M GIAMPA
IRS990/Form990PartVIISectionAGrp/PersonNm12CAROLYN JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm13SHEILA KING-GOODWIN
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHAEL CRAWFORD
IRS990/Form990PartVIISectionAGrp/PersonNm15ALEX GUARDIOLA
IRS990/Form990PartVIISectionAGrp/PersonNm16KAREN PELLETIER
IRS990/Form990PartVIISectionAGrp/PersonNm17ERIC GOODWINE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3292834
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16137024
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CLERK/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01986544
IRS990/GrossSalesOfInventoryAmt0547294
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt09815
IRS990/InformationTechnologyGrp/TotalAmt09815
IRS990/InsuranceGrp/ProgramServicesAmt05846
IRS990/InsuranceGrp/TotalAmt05846
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05957
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt05957
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0213044
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0285223
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt025429
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0123969
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0468269
IRS990/LandBldgEquipCostOrOtherBssAmt0493698
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SUPPORT THE CHARITABLE PURPOSES OF THE WORCESTER REGIONAL CHAMBER OF COMMERCE (THE CHAMBER) BY: 1) DEVELOPING AND DELIVERING EDUCATIONAL PROGRAMS AND SERVICES TO THE CHAMBER, ITS AFFILIATES, LOCAL BUSINESS COMMUNITY AND GENERAL PUBLIC; AND 2) LESSENING THE BURDENS OF GOVERNMENT BY COMBATTING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY SUPPORTING DISTRESSED AREAS WITHIN THE SERVICE AREAS OF THE CHAMBER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0739141
IRS990/NetAssetsOrFundBalancesEOYAmt01158572
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt048814
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt048814
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-41723
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01447
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-34728
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt041104
IRS990/OccupancyGrp/TotalAmt041104
IRS990/OfficeExpensesGrp/ProgramServicesAmt04099
IRS990/OfficeExpensesGrp/TotalAmt04099
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05355
IRS990/OtherAssetsTotalGrp/EOYAmt043750
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/Desc2EQUIPMENT AND OPERATION
IRS990/OtherExpensesGrp/Desc3FINANCE SERVICE CHARGES
IRS990/OtherExpensesGrp/ProgramServicesAmt0437038
IRS990/OtherExpensesGrp/ProgramServicesAmt141501
IRS990/OtherExpensesGrp/ProgramServicesAmt235911
IRS990/OtherExpensesGrp/ProgramServicesAmt38063
IRS990/OtherExpensesGrp/TotalAmt0437038
IRS990/OtherExpensesGrp/TotalAmt141501
IRS990/OtherExpensesGrp/TotalAmt235911
IRS990/OtherExpensesGrp/TotalAmt38063
IRS990/OtherLiabilitiesGrp/BOYAmt0107929
IRS990/OtherLiabilitiesGrp/EOYAmt0171965
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0257312
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TIMOTHY P MURRAY
IRS990/PriorPeriodAdjustmentsAmt03000
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0KITCHEN AND STORAGE RE
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATION AND OTHER RE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0103213
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt146227
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0103213
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146227
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PROVIDES ADMINISTRATIVE, FINANCIAL AND PERSONNEL SERVICES TO ORGANIZATIONS WHOSE PURPOSES ARE CONSISTENT WITH THE FOUNDATION'S UNDER FISCAL SPONSORSHIP AGREEMENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0592463
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0198254
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0655770
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01697
IRS990/PYOtherExpensesAmt0413425
IRS990/PYOtherRevenueAmt0-2566
IRS990/PYProgramServiceRevenueAmt0106873
IRS990/PYRevenuesLessExpensesAmt0348349
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0413425
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0761774
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0458154
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt044373
IRS990/SavingsAndTempCashInvstGrp/EOYAmt036428
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01078853
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0655770
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0595818
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt020254
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt027500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02378195
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05957
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01697
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07654
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0696734
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0503143
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0588668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01788545
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05957
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01697
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07654
IRS990ScheduleA/InvestmentIncomeCYPct00.00170
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0205000
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0205000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95140
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt04166740
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01775587
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01158913
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01184486
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt020254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt027500
IRS990ScheduleA/Total509Grp/TotalAmt04166740
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01986544
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01160610
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01184486
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt020254
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt027500
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04379394
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/BuildingsGrp/BookValueAmt0411233
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0411233
IRS990ScheduleD/EquipmentGrp/BookValueAmt057036
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025429
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt082465
IRS990ScheduleD/ExpensesNotReportedAmt0498480
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01029910
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-41723
IRS990ScheduleD/OtherExpensesIncludedAmt0498480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024980
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112800

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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