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EIN 04-3265642

Worcester Regional Strategic Opportunities Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Worcester
State
Massachusetts
Year formed
1995
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
The Worcester Regional Strategic Opportunities Foundation supports the charitable purposes of the Worcester Regional Chamber of Commerce (the Chamber) by developing and delivering educational programs and services to its affiliates, local business community, and general public. The Foundation provides administrative, financial, and personnel services to organizations whose purposes align with its own through fiscal sponsorship agreements. Additionally, it offers educational programs to the Chamber's membership and the local business community.
Related structure
Worcester Regional Strategic Opportunities Foundation is a subordinate organization under Worcester Regional Chamber of Commerce.
Also known as...
Worcester Area Business Education Foundation
Total revenues
$1,488,064
2022
Total expenses
$1,029,910
2022
Total assets
$1,425,378
2022
Num. employees
0
2022

Program areas at Worcester Regional Strategic Opportunities Foundation

Worcester Regional Strategic Opportunities Foundation (the Foundation) provides educational programs to the membership of the chamber and the local business community.
The Foundation provides administrative, financial and personnel services to organizations whose purposes are consistent with the Foundation's under fiscal sponsorship agreements.

Who funds Worcester Regional Strategic Opportunities Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Worcester Regional Chamber of CommerceGrant To Supporting Organization.$258,297
George I Alden TrustTo Further Education$100,000
United Way of Central MassachusettsOther Grant(s)$20,000

Personnel at Worcester Regional Strategic Opportunities Foundation

NameTitleCompensation
Timothy P MurrayPresident$0
Eric TorkornooClerk and Director$0
Satya MitraTreasurer and Director$0
Katherine BagdisVice Chair / Director$0
Karen PelletierVice President / Director$0
...and 4 more key personnel

Financials for Worcester Regional Strategic Opportunities Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,283,853
Program services$149,440
Investment income and dividends$5,957
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$48,814
Miscellaneous revenues$0
Total revenues$1,488,064

Form 990s for Worcester Regional Strategic Opportunities Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-03-02990View PDF
2018-122020-02-07990View PDF
...and 9 more Form 990s
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 23, 2023
Received grants
Identified 1 new grant, including a grant for $100,000 from George I Alden Trust
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 9 new personnel
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
EducationCommunity improvementEconomic development
Characteristics
State / local levelTax deductible donationsNo full-time employeesFiscal sponsor
General information
Address
311 Main St 200
Worcester, MA 01608
Metro area
Worcester, MA-CT
Phone
(508) 753-2924
IRS details
EIN
04-3265642
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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