Public Charity

WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION

Based in WORCESTER, MA, WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION operates as a Public Charity. The organization reported $5.7M in revenue, $1.1M in expenses, $8.0M in total assets for fiscal year 2024. Imperigo tracks 12 reported grant relationships connected to this organization totaling approximately $1.2M.

EIN: 043265642 WORCESTER, MA Arts, Culture & Humanities N.E.C. NTEE: A99 Latest filing: 2024
Total Revenue$5.7M
Total Expenses$1.1M
Total Assets$8.0M
Grant Records12
Funding Total$1.2M
Filing Years2019–2024

Mission

SUPPORT THE CHARITABLE PURPOSES OF THE WORCESTER REGIONAL CHAMBER OF COMMERCE (THE CHAMBER) BY: 1) DEVELOPING AND DELIVERING RELEVANT 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.

Where $100 goes at Worcester Regional Strategic Opportunities Foundation

How Worcester Regional Strategic Opportunities Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$99 Programs the work itself
$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $99 for programs

$91
The foundation provides administrative, financial and personnel services to organizations whose purposes are consistent with the foundation's under fiscal sponsorship agreements
92% of program spending
$8
Worcester Regional Strategic Opportunities Foundation (the foundation) provides educational programs to the membership of the chamber and the local business community
8% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Carolyn Jackson
DIRECTOR Christine Cassidy
DIRECTOR Craig L Blais
CHAIR Demitrios M Moschos
DIRECTOR Diane M Giampa
DIRECTOR Eric A Busenburg

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$678,217 10 grants
Food Assistance & Nutrition
$468,000 1 grant
Unspecified
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $5.7M $1.1M $8.0M
2023 $2.0M $1.1M $2.9M
2022 $1.5M $1.0M $1.4M
2020 $724K $367K $428K
2019 $20K $15K $37K

Between 2019 and 2024, reported annual revenue grew from $20K to $5.7M (+28077%), with total assets most recently reported at $8.0M.

Interactive year-over-year charts and full filing details available with membership.

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