STRATEGY STUDIO / PUBLIC DATA EXPLORER

WORCESTER AREA BUSINESS EDUCATION FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
WORCESTER AREA BUSINESS EDUCATION FOUNDATION INC (EIN 04-3265642)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202523219349319717
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-17T15:59:19-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AAFCPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043265642EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WORCESTER REGIONAL STRATEGICBusinessNameLine1Txt
Business Name Line2OPPORTUNITIES FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlWORCBusinessNameControlTxt
Phone5087532924PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1311 MAIN STREET 200AddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01608ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTIMOTHY P MURRAYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5087532924PhoneNum
Signature2025-11-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNICHOLE REILLY CPAPreparerPersonNm
PTINP01633587PTIN
Phone5083669100PhoneNum
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTIMOTHY P MURRAYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1311 MAIN STREET 200AddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01608ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,870,188GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1995FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionSUPPORT THE CHARITABLE PURPOSES OF THE WORCESTER REGIONAL CHAMBER OF COMMERCE (THE CHAMBER) BY: 1) DEVELOPING AND DELIVERING RELEVANT 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.ActivityOrMissionDesc
Voting Members Governing Body17VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers16TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,769,954PYContributionsGrantsAmt
CY Contributions Grants$4,782,804CYContributionsGrantsAmt
PY Program Service Revenue$142,793PYProgramServiceRevenueAmt
CY Program Service Revenue$595,194CYProgramServiceRevenueAmt
PY Investment Income$11,212PYInvestmentIncomeAmt
CY Investment Income$20,524CYInvestmentIncomeAmt
PY Other Revenue$108,236PYOtherRevenueAmt
CY Other Revenue$308,479CYOtherRevenueAmt
PY Total Revenue$2,032,195PYTotalRevenueAmt
CY Total Revenue$5,707,001CYTotalRevenueAmt
PY Grants And Similar Paid$242,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$9,500CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$887,250PYOtherExpensesAmt
CY Other Expenses$1,134,705CYOtherExpensesAmt
PY Total Expenses$1,129,250PYTotalExpensesAmt
CY Total Expenses$1,144,205CYTotalExpensesAmt
PY Revenues Less Expenses$902,945PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,562,796CYRevenuesLessExpensesAmt
Total Assets BOY$2,940,421TotalAssetsBOYAmt
Total Assets EOY$7,973,096TotalAssetsEOYAmt
Total Liabilities BOY$832,185TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,268,964TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,108,236NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,704,132NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSUPPORT THE CHARITABLE PURPOSES OF THE WORCESTER REGIONAL CHAMBER OF COMMERCE (THE CHAMBER) BY: 1) DEVELOPING AND DELIVERING RELEVANT 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$84,440ExpenseAmt
Grant$5,000GrantAmt
DescWORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION (THE FOUNDATION) PROVIDES EDUCATIONAL PROGRAMS TO THE MEMBERSHIP OF THE CHAMBER AND THE LOCAL BUSINESS COMMUNITY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,011,694ExpenseAmt
Grant$4,500GrantAmt
Revenue$903,673RevenueAmt
DescTHE FOUNDATION PROVIDES ADMINISTRATIVE, FINANCIAL AND PERSONNEL SERVICES TO ORGANIZATIONS WHOSE PURPOSES ARE CONSISTENT WITH THE FOUNDATION'S UNDER FISCAL SPONSORSHIP AGREEMENTS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,096,134TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members17GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TIMOTHY P MURRAYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5087532924PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1311 MAIN STREET 200AddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01608ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
TIMOTHY P MURRAY
PRESIDENT4.0036.00Yes (X)Yes (X)$0$319,939$1,901
DEMITRIOS M MOSCHOS
CHAIR1.00Yes (X)Yes (X)$0$0$0
KATHERINE BAGDIS
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
ERIC TORKORNOO
CLERK1.002.00Yes (X)Yes (X)$0$0$0
SATYA B MITRA
TREASURER1.002.00Yes (X)Yes (X)$0$0$0
KOLA AKINDELE
DIRECTOR1.001.00Yes (X)$0$0$0
CRAIG L BLAIS
DIRECTOR1.001.00Yes (X)$0$0$0
ERIC A BUSENBURG
DIRECTOR1.002.00Yes (X)$0$0$0
CHRISTINE CASSIDY
DIRECTOR1.001.00Yes (X)$0$0$0
ROBERT D COX JR
DIRECTOR1.00Yes (X)$0$0$0
DIANE M GIAMPA
DIRECTOR1.001.00Yes (X)$0$0$0
CAROLYN JACKSON
DIRECTOR1.001.00Yes (X)$0$0$0
JAMIE SALOIS
DIRECTOR1.001.00Yes (X)$0$0$0
MICHAEL CRAWFORD
DIRECTOR1.00Yes (X)$0$0$0
ERIC GOODWINE
DIRECTOR1.00Yes (X)$0$0$0
SHEILA KING-GOODWIN
DIRECTOR1.00Yes (X)$0$0$0
JACKSON RESTREPO
DIRECTOR1.00Yes (X)$0$0$0
KAREN PELLETIER
EXECUTIVE VICE PRESIDENT0.0040.00$0$161,550$13,873Yes (X)
LINDA SALEM-PERVIER
VP MEMBERSHIP DEVELOPMENT & FINANCE0.0040.00$0$104,672$2,479Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$586,161TotReportableCompRltdOrgAmt
Total Other Compensation$18,253TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
RUBICON BUILDERS LLC
800 S MAIN STMANSFIELDMA02048GENERAL CONTRACTOR$2,840,789
COLLIERS PROJECT LEADERS USA NE
132 NEW RD UNIT 2MADISONCT06443PROJECT MANAGER$142,276
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$3,091,486GovernmentGrantsAmt
All Other Contributions$1,691,318AllOtherContributionsAmt
Total Contributions$4,782,804TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SPONSORSHIPS900099$441,000$441,000
KITCHEN AND STORAGE RENTAL INCOME900099$127,909$127,909
CONTRACT REVENUE900099$26,285$26,285
FieldValueIRS element (for citing)
Total Program Service Revenue$595,194TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$20,524TotalRevenueColumnAmt
Exclusion$20,524ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$1,467,898GrossSalesOfInventoryAmt
Cost Of Goods Sold$1,163,187CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$304,711TotalRevenueColumnAmt
Related Or Exempt Func Income$304,711RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$3,768TotalRevenueColumnAmt
Related Or Exempt Func Income$3,768RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$3,768OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,707,001TotalRevenueColumnAmt
Related Or Exempt Func Income$903,673RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$20,524ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$9,500TotalAmt
Program Services$9,500ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$377,382TotalAmt
Program Services$338,137ProgramServicesAmt
Management And General$39,245ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$48,104TotalAmt
Program Services$48,104ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$40,708TotalAmt
Program Services$40,708ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$29,155TotalAmt
Program Services$29,155ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,929TotalAmt
Program Services$1,929ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,751TotalAmt
Program Services$1,751ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$160,288TotalAmt
Program Services$160,288ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$98,290TotalAmt
Program Services$98,290ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$47,623TotalAmt
Program Services$47,623ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$20,004TotalAmt
Program Services$20,004ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROGRAMS AND EVENTS$140,200$140,200
MISCELLANEOUS EXPENSE$78,453$69,627$8,826
EQUIPMENT AND OPERATION$52,625$52,625
BAD DEBTS$20,597$20,597

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$17,596TotalAmt
Program Services$17,596ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,144,205TotalAmt
Program Services$1,096,134ProgramServicesAmt
Management And General$48,071ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$323,482BOYAmt
EOY$672,717EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$25,004BOYAmt
EOY$31,251EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$742,939BOYAmt
EOY$1,302,833EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$172,853BOYAmt
EOY$107,080EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,130,037LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$92,561LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$712,522BOYAmt
EOY$4,037,476EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$476,755BOYAmt
EOY$1,405,327EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$486,866BOYAmt
EOY$416,412EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,940,421BOYAmt
EOY$7,973,096EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$217,960BOYAmt
EOY$657,885EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$43,750BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$570,475BOYAmt
EOY$611,079EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$832,185BOYAmt
EOY$1,268,964EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$23,310BOYAmt
EOY$452,886EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,084,926BOYAmt
EOY$6,251,246EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,108,236BOYAmt
EOY$6,704,132EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,940,421BOYAmt
EOY$7,973,096EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$4,562,796ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$33,100NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$595,818CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$655,770CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,078,853CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,762,454CurrentTaxYearMinus1YearAmt
Current Tax Year$4,782,804CurrentTaxYearAmt
Total$8,875,699TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$588,668CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$503,143CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$696,734CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$912,668CurrentTaxYearMinus1YearAmt
Current Tax Year$2,063,092CurrentTaxYearAmt
Total$4,764,305TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,184,486CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,158,913CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,775,587CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,675,122CurrentTaxYearMinus1YearAmt
Current Tax Year$6,845,896CurrentTaxYearAmt
Total$13,640,004TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year$5,000CurrentTaxYearAmt
Total$5,000TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year$62,596CurrentTaxYearAmt
Total$62,596TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year$67,596CurrentTaxYearAmt
Total$67,596TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$13,572,408PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,697CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,957CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,212CurrentTaxYearMinus1YearAmt
Current Tax Year$20,524CurrentTaxYearAmt
Total$39,390TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,697CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,957CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,212CurrentTaxYearMinus1YearAmt
Current Tax Year$20,524CurrentTaxYearAmt
Total$39,390TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$205,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,500CurrentTaxYearMinus1YearAmt
Current Tax Year$3,768CurrentTaxYearAmt
Total$216,268TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,184,486CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,160,610CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,986,544CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,693,834CurrentTaxYearMinus1YearAmt
Current Tax Year$6,870,188CurrentTaxYearAmt
Total$13,895,662TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.97670PublicSupportCY509Pct
Public Support PY5090.96720PublicSupportPY509Pct
Investment Income CY0.00280InvestmentIncomeCYPct
Investment Income PY0.00270InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$99,931OtherCostOrOtherBasisAmt
Depreciation$92,561DepreciationAmt
Book Value$7,370BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,030,106OtherCostOrOtherBasisAmt
Book Value$4,030,106BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,037,476TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescMUTUAL FUNDSDesc
Book Value$1,405,327BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$1,405,327TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DUE FROM RELATED PARTY$30,500
OPERATING RIGHT-OF-USE ASSETS$385,912
FieldValueIRS element (for citing)
Total Book Value Other Assets$416,412TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
DUE TO RELATED PARTY$145,306
OPERATING LEASE LIABILITIES$450,973
SECURITY DEPOSITS$14,800
FieldValueIRS element (for citing)
Total Liability$611,079TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2024. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
TIMOTHY P MURRAY
PRESIDENT$0$319,939$0$0$0$0$0$0$0$1,901$0$321,840$0$0
KAREN PELLETIER
EXECUTIVE VICE PRESIDENT$0$161,550$0$0$0$0$0$0$0$13,873$0$175,423$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationALL EMPLOYEES ARE EMPLOYEES OF THE CHAMBER, AN ENTITY RELATED THROUGH COMMON BOARD MEMBERSHIP. ALL COMPENSATION IS PAID ENTIRELY BY WRCC AND RECORDED IN THE CONSOLIDATING AUDITED FINANCIAL STATEMENTS OF THE CHAMBER AND THE FOUNDATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS REVIEWED BY LINDA SALEM PERVIER AND BOARD CHAIR PRIOR TO ITS FILING. IT IS AVAIABLE TO OTHER BOARD MEMBERS, AS REQUESTED.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:NO CHANGES FROM PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1WORCESTER REGIONAL CHAMBER OF COMMERCEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1311 MAIN STREET SUITE 200AddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01608ZIPCd
FieldValueIRS element (for citing)
EIN041988780EIN
Primary ActivitiesIMPROVE CENTRAL MASS ECONOMY THROUGH PROMOTIONAL ANDPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd
Exempt Code Section501(C)(6)ExemptCodeSectionTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS:FormAndLineReferenceDesc
ExplanationNAME, ADDRESS, AND EIN OF RELATED ORGANIZATION: WORCESTER REGIONAL CHAMBER OF COMMERCE EIN: 04-1988780 311 MAIN STREET, SUITE 200 WORCESTER, MA 01608 PRIMARY ACTIVITY: IMPROVE CENTRAL MASS ECONOMY THROUGH PROMOTIONAL AND EDUCATIONAL EFFORTS DIRECT CONTROLLING ENTITY: WORCESTER REGIONAL CHAMBER OF COMMERCEExplanationTxt