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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
2023-12-01
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
$2,032,195
2023
Total expenses
$1,129,250
2023
Total assets
$2,940,421
2023
Num. employees
0
2023

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 paired with national grid to make one-time grants available to chamber small business members to help with high energy costs and the financial challenges facing small businesses.
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.$250,000
George I Alden TrustTo Further Education$100,000
Fallon HealthGeneral Support$20,000
...and 3 more grants received

Personnel at Worcester Regional Strategic Opportunities Foundation

NameTitleCompensation
Timothy P MurrayPresident$0

Financials for Worcester Regional Strategic Opportunities Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,769,954
Program services$142,793
Investment income and dividends$11,212
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$108,236
Miscellaneous revenues$0
Total revenues$2,032,195

Form 990s for Worcester Regional Strategic Opportunities Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-12-17990View PDF
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-03-02990View PDF
...and 10 more Form 990s
Data update history
February 17, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 28, 2025
Updated personnel
Identified 1 new personnel
January 15, 2025
Received grants
Identified 4 new grant, including a grant for $250,000 from Worcester Regional Chamber of Commerce
July 14, 2024
Received grants
Identified 3 new grant, including a grant for $258,297 from Worcester Regional Chamber of Commerce
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
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
County
Worcester County, MA
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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