Wcs - 100 Century Drive Inc

“The officers and directors of wcs-100 century drive, inc. Have a business relationship. All are employed by the university of massachusetts, a related organization.”

“Worcester Campus Services, Inc. is the sole member of WCS-100 Century Drive, Inc.”

“The board of trustees for Worcester Campus Services, Inc. elects members of the governing board.”

“There are not sub committees with authority to act on behalf of the governing board.”

“Once WCS-100 Century Drives, Inc.'s form 990 is completed it is reviewed by Worcester Campus Services, Inc. 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.”

“Wcs-100 century drive, inc. 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.”

“Wcs-100 century drive, inc. Has no employees. Consequently, the organization makes no compensation determination.”

“WCS-100 Century Drive, Inc. makes its governing documents, Conflict of Interest Policy, and Financial Statements available to the public upon request.”

“All directors devote approximately one hour per week on average to wcs-100 century drive, inc. The remainder of their time (40 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 wcs-100 century drive.”

“And form 990, part iii, line 1 managing, developing, improving, renovating, leasing, or dealing with any real or personal property conveyed or transferred to wcs-100 century drive, inc., including without limitation, real and personal property to support the educational, research and public service activities of the university of massachusetts.”

“And form 990, part vi, line 1b the filing organization has no independent members 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 wcs-100 century drive, that have community boards. There has been no material change in the structure of the governing body since it applied for exempt status.”

“WCS-100 Century Drive, Inc. sold land, building and all tangible personal property located at 100 Century Drive, Worcester, MA. The property was sold at the current market value and the remaining net assets of $13,703,834 were transferred to Worcester City Campus Corporation. Worcester City Campus Corporation is the sole member of Worcester Campus Services, Inc. which in turn is the sole member of WCS-100 Century Drive, Inc.”

“WCS-100 Century Drive, Inc. sold land, building, and all tangible personal property located at 100 Century Drive, Worcester, MA at fair market value at year ending June 30, 2017. The remaining net assets of $13,703,834 were transferred to Worcester City Campus Corporation, the parent corporation of WCS-100 Century Drive and Worcester Campus Services, Inc.”