Worcester Area Business Education Foundation Inc

Organization Overview

Worcester Area Business Education Foundation Inc is located in Worcester, MA. The organization was established in 1995. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Area Business Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Worcester Area Business Education Foundation Inc generated $761.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 62.5% each year . All expenses for the organization totaled $413.4k during the year ending 12/2021. While expenses have increased by 19.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Demitrios M Moschos
Chair/director
$0
Satya Mitra
Treasurer/director
$0
Eric Torkornoo
Clerk/director
$0
Katherine Bagdis
Vice Chair
$0
Timothy P Murray
President
$0
Kate Sharry
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$655,770
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$655,770
Total Program Service Revenue$106,873
Investment income $1,697
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$2,566
Miscellaneous Revenue$0
Total Revenue $761,774

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Worcester Area Business Education Foundation Inc has recieved totaling $250,000.

Awarding OrganizationAmount
Health Foundation Of Central Massachusetts Inc

Worcester, MA

PURPOSE: WORCESTER REGIONAL FOOD HUB, YEAR 5

$250,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or