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EIN 22-3248067

Worcester State Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Worcester
State
Massachusetts
Year formed
1994
Most recent tax filings
2022-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Worcester State Foundation operates to provide financial aid to students of Worcester State University and supports the university's educational activities. Its mission is to promote the growth and progress of Worcester State University through funding various capital projects, educational programs, and institutes such as the Latino Education Institute and an Internship Program. The foundation also transfers funds for scholarships and awards for students. The foundation is located in Worcester, MA.
Total revenues
$3,879,031
2022
Total expenses
$2,288,643
2022
Total assets
$39,235,883
2022
Num. employees
0
2022

Program areas at Worcester State Foundation

Provides funds to Worcester State university for expenses related to various capital projects and funding of various educational programs and institutes. Including latino educaton institute and an internship program as well as various other programs.
Scholarships: transfer of funds to Worcester State university for scholarships and awards awarded to students.

Who funds Worcester State Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$173,575
Greater Worcester Community FoundationAspire Community Academy (Aca): A Community Learning Hub$82,500
Nellie Mae Education FoundationLatino Education Institute (Lei) at Worcester State University (Wsu): Operating Support$50,000
...and 16 more grants received

Personnel at Worcester State Foundation

NameTitleCompensation
Susan MooreExecutive Director, Chief Human Resources Officer
Edward L SherrTreasurer$0
Thomas M. McNamaraBoard Member$0
Craig A BovairdImmediate Past Chair$0
Robin J QuillPast Assistant Treasurer$0
...and 1 more key personnel

Financials for Worcester State Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$2,489,396
Program services$0
Investment income and dividends$1,482,204
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-78,562
Net income from fundraising events$-16,089
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,082
Total revenues$3,879,031

Form 990s for Worcester State Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2020-062021-05-18990View PDF
2019-062020-10-14990View PDF
2018-062019-06-19990View PDF
2017-062018-06-14990View PDF
...and 7 more Form 990s
Data update history
July 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Updated personnel
Identified 3 new personnel
May 21, 2023
Updated personnel
Identified 11 new personnel
May 9, 2023
Received grants
Identified 3 new grant, including a grant for $10,000 from UMass Memorial Health Care (UMMHC)
August 18, 2022
Updated personnel
Identified 7 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsState / local levelEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employees
General information
Address
486 Chandler St
Worcester, MA 01602
Metro area
Worcester, MA-CT
County
Worcester County, MA
Website URL
worcester.edu/alumni-giving/giving-to-worcester-state/worcester-state-foundation/ 
Phone
(508) 793-8033
IRS details
EIN
22-3248067
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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