Cause IQ organization profile

Greater Worcester Community Foundation

Greater Worcester Community Foundation is a community foundation based in Worcester, MA that was founded in 1976. As of 2018 they had $811 million in revenue and $157 million in assets.

In establishing the Greater Worcester Community Foundation, our founders sought to develop an organization that engaged Worcester County in its own betterment.

EIN:

04-2572276

City:

Worcester

State:

Massachusetts

Website:

greaterworcester.org

Phone:

508-755-0980

Founded:

1976

Type:

501(c)(3)

NTEE:

T31: Community foundations

Revenue:

$811,771,800

Assets:

$157,015,405

Employees:

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at Greater Worcester Community Foundation

Donor advised and designated grantmaking formally structured to enable the donor to suggest specific grants from funds. Includes funds established as endowments for specific agen es

Discretionary ando field of interest grantmaking: discretionary funds have no external restrictions on their grant purpose. Field of interest funds support a class of charitable bene es

SCHOLARSHIPS GRANTMAKING: AWARDS ARE MADE TO COLLEGES TO ASSIST INDIVIDUAL STUDENTS IN AN EO CAT Ne

Form 990s for Greater Worcester Community Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2017-12	Jul 18, 2018	990	View PDF
2016-12	Jun 13, 2017	990	View PDF
2015-12	Jun 29, 2016	990	View PDF
2014-12	Jun 16, 2015	990	View PDF
2013-12	Jun 13, 2014	990	View PDF
...and five more Form 990 PDFs

Financials for Greater Worcester Community Foundation

Field	2017	2016	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$589,353,500	$5,741,810	10164.2%
<em>Non-cash contributions included in above</em>
Total grants, contributions, etc.	$589,353,500	$5,741,810	10164.2%

Field	2017	2016	% Change
Total grants, contributions, etc.	$589,353,500	$5,741,810	10164.2%
Program services	$0	$8,310	-100%
Investment income and dividends	$0	$1,325,074	-100%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$-126,008,000	$-2,984,477	-4122.1%
Net income from fundraising events	$695,000	$9,434	7267.0%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$126,008,000	$191,618	65660.0%
Total revenues	$811,771,800	$4,291,769	18814.6%

Field	2017	2016	% Change
Grants to govts. and orgs. in USA	$7,757,924	$0	999%
Grants to individuals in USA	$642,431	$0	999%
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$181,167	$36,393	397.8%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$652,304	$0	999%
Pension/retirement accruals and contributions	$30,671	$0	999%
Other employee benefits	$103,925	$0	999%
Payroll taxes	$71,562	$67,114	6.6%
Management fees	$35,247	$0	999%
Legal fees	$382	$0	999%
Accounting fees	$43,568	$0	999%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$1,406,820	$9,885	14131.9%
Other fee-for-service	$61,016	$48,724	25.2%
Advertising and promotion	$111,023	$120,402	-7.8%
Office expenses	$85,353	$0	999%
Information tech. expenses	$64,290	$48,884	31.5%
Royalty expenses	$0	$0
Occupancy	$120,018	$108,410	10.7%
Travel	$0	$0
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$59,077	$62,400	-5.3%
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$20,033	$914	2091.8%
Insurance	$10,038	$9,885	1.5%
All other expenses	$0	$36,393	-100%
Total expenses	$11,456,849	$549,404	1985.3%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$759,624	$167,094	354.6%
Savings, short-term investments, etc.	$1,359,196	$3,468,746	-60.8%
Pledges and grants receivable	$435,000	$0	999%
Accounts receivable	$0	$0
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$176,871	$130,327	35.7%
Buildings, equipment, etc. post-depreciation	$29,050	$49,083	-40.8%
Investments, publicly traded securities	$49,624,022	$45,247,588	9.7%
Investments, other securities	$104,631,642	$91,087,508	14.9%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$0	$0
Total assets	$157,015,405	$140,150,346	12.0%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$0	$101,375	-100%
Grants payable	$0	$14,150	-100%
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$2,352,937,800	$18,640,405	12522.8%
Total liabilities	$2,352,937,800	$18,755,930	12445.0%

Field	2017	2016	% Change
Unrestricted net assets	$1,358,435	$173,308	683.8%
Temporarily restricted net assets	$41,521,682	$30,853,182	34.6%
Permanently restricted net assets	$90,605,910	$90,367,926	0.3%

Vendors for Greater Worcester Community Foundation

Vendor	Services	Amount paid	Date
DNN / DotNetNuke	Content management system software		2020-06-15
████████ ████████████	Software		2020-06-15
████████ ███████ ████ █████████ ██	Investment Manager Fees	$110,862	2018-07-18
█████ ████████ ███ ██████████	Investment Consulting	$109,843	2018-07-18
█████ ██████████ ████████	Investment Manager Fees	$144,525	2018-07-18
██████████ ████████ ████ ███	Investment Manager Fees	$112,944	2018-07-18
██████████ ██████████ ███████ ███	Investment Manager Fees	$113,443	2018-07-18
█████████ ███████ ███████ ███ ██ ██	Tax accounting		2017-06-13

Personnel at Greater Worcester Community Foundation

Name	Title	Compensation	Most recent data
Ann T. Lisi	/ President and Chief Executive Officer	-	July 18, 2018
Barbara Fields	President and Chief Executive Officer	-	Aug. 6, 2019
█████ ██ ███████	Vice President of Donor Services Ext 112	-	Aug. 6, 2019
███████████ ████████	Vice President for Program Ext 108	-	Aug. 6, 2019
█████ ██████	Operations Manager Ext 114	-	Aug. 6, 2019
███████ ██████████	Scholarship Program Manager	-	Nov. 1, 2017
███████ ████████	Clerk	$0	Dec. 31, 2017
██████ █ █████	Chair	$0	Dec. 31, 2017
███████ ████████	Vice - Chair	$0	Dec. 31, 2017
███████ █ █████	Past Treasurer	$0	Dec. 31, 2017
...and three more key personnel

Peer community foundations

	Name	Type	Revenue	Location
1	The Boston Foundation (TBF)	501(c)(3)	$225 million	Boston, MA
2	George Kaiser Family Foundation (GKFF)	501(c)(3)	$275 million	Tulsa, OK
3	University of Nebraska Foundation	501(c)(3)	$305 million	Lincoln, NE
4	New York Community Trust	501(c)(3)	$244 million	New York, NY
5	Rose Community Foundation	501(c)(3)	$228 million	Denver, CO
6	The Community Foundation for Greater Atlanta	501(c)(3)	$206 million	Atlanta, GA
7	The Ford Foundation	501(c)(3)	$757 million	New York, NY
8	Charles Stewart Mott Foundation	501(c)(3)	$231 million	Flint, MI
9	Kresge Foundation	501(c)(3)	$275 million	Troy, MI
10	Combined Jewish Philanthropies of Greater Boston	501(c)(3)	$316 million	Boston, MA
11	Road Scholar	501(c)(3)	$389 million	Boston, MA
12	Northeast Arc	501(c)(3)	$237 million	Danvers, MA
13	Fallon Health	501(c)(3)	$1.5 billion	Worcester, MA
14	Jsi Research and Training Institute	501(c)(3)	$289 million	Boston, MA
15	Robert Wood Johnson Foundation (RWJF)	501(c)(3)	$548 million	Princeton, NJ
16	Matan B'seter Foundation	501(c)(3)	$289 million	New York, NY
17	Simons Foundation	501(c)(3)	$441 million	New York, NY
18	Wellcome Trust	501(c)(3)	$2.6 billion	United Kingdom,
19	David and Lucile Packard Foundation	501(c)(3)	$355 million	Los Altos, CA
20	Indiana University Foundation	501(c)(3)	$460 million	Bloomington, IN
21	The Rotary Foundation of Rotary International	501(c)(3)	$412 million	Evanston, IL
22	Laura and John Arnold Foundation	501(c)(3)	$333 million	Houston, TX
23	University of Arizona Foundation	501(c)(3)	$209 million	Tucson, AZ
24	Saul Brandman Foundation	501(c)(3)	$226 million	Beverly Hills, CA
25	William and Flora Hewlett Foundation	501(c)(3)	$609 million	Menlo Park, CA

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