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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
2023-06-01
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
$8,251,574
2023
Total expenses
$1,976,615
2023
Total assets
$48,675,342
2023
Num. employees
0
2023

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 Non-Profit Management FoundationProgram Development/evaluation$600,000
Nellie Mae Education FoundationSupporting and Growing Youth Voice$100,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$76,545
...and 25 more grants received totalling $911,293

Personnel at Worcester State Foundation

NameTitleCompensation
Edward L SherrTreasurer$0
Craig A BovairdPast Chair / Vice - Chair / Vice President$0
Thomas M McNamaraPresident and Clerk$0
Robin J QuillDirector / Assistant Treasurer$0
Ann L DebaisioVice - Chair / Director$0
...and 2 more key personnel

Financials for Worcester State Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$7,686,429
Program services$0
Investment income and dividends$974,963
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-429,535
Net income from fundraising events$-13,327
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$33,044
Total revenues$8,251,574

Form 990s for Worcester State Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-16990View PDF
2020-062021-05-18990View PDF
2019-062020-10-14990View PDF
...and 9 more Form 990s

Organizations like Worcester State Foundation

OrganizationLocationRevenue
Tennessee Technological University FoundationCookeville, TN$10,635,899
Westfield State FoundationWestfield, MA$2,361,466
Skagit Valley College FoundationMount Vernon, WA$5,969,491
College of Eastern Idaho FoundationIdaho Falls, ID$2,464,433
The Uw - Platteville FoundationPlatteville, WI$9,230,219
Middle Georgia State University FoundationMacon, GA$3,286,078
Western Illinois University FoundationMacomb, IL$11,991,285
University of Central Missouri FoundationWarrensburg, MO$15,315,526
College of the Sequoias FoundationVisalia, CA$2,185,070
Chaffey College FoundationRancho Cucamonga, CA$4,680,072
Data update history
July 17, 2024
Updated personnel
Identified 4 new personnel
July 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 9, 2024
Received grants
Identified 2 new grant, including a grant for $40,000 from Greater Worcester Community Foundation
January 2, 2024
Received grants
Identified 12 new grant, including a grant for $600,000 from Fidelity Non-Profit Management Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsState / local levelEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
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
Central organization
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