NonprofitsWorcester Area Business Education Foundation Inc

Arts, Culture & Humanities

Worcester Area Business Education Foundation Inc

WORCESTER, MA

Total revenue

$5.7M

Total expenses

$1.1M

Net assets

$6.7M

Grants received

$1.1M

12 grants

EIN

043265642

Tax year

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.

Programs

1 program

The foundation provides administrative, financial and personnel services to organizations whose purposes are consistent with the foundation's under fiscal sponsorship agreements.

Expenses: $1.0MGrants: $5K

Financials

FY 2024

Revenue

Contributions & grants$4.8M
Program service revenue$595K
Investment income$21K
Other revenue$308K
Total revenue$5.7M

Expenses

Grants paid$10K
Salaries & benefits
Fundraising
Other expenses$1.1M
Total expenses$1.1M
Total assets$8.0M
Net assets$6.7M

People

19 listed

NameRoleCompensation

TIMOTHY P MURRAY

PRESIDENT

Board

4 hrs/wk

DEMITRIOS M MOSCHOS

CHAIR

Board

1 hrs/wk

KATHERINE BAGDIS

VICE CHAIR

Board

1 hrs/wk

ERIC TORKORNOO

CLERK

Board

1 hrs/wk

SATYA B MITRA

TREASURER

Board

1 hrs/wk

KOLA AKINDELE

DIRECTOR

Board

1 hrs/wk

CRAIG L BLAIS

DIRECTOR

Board

1 hrs/wk

ERIC A BUSENBURG

DIRECTOR

Board

1 hrs/wk

CHRISTINE CASSIDY

DIRECTOR

Board

1 hrs/wk

ROBERT D COX JR

DIRECTOR

Board

1 hrs/wk

DIANE M GIAMPA

DIRECTOR

Board

1 hrs/wk

CAROLYN JACKSON

DIRECTOR

Board

1 hrs/wk

JAMIE SALOIS

DIRECTOR

Board

1 hrs/wk

MICHAEL CRAWFORD

DIRECTOR

Board

1 hrs/wk

ERIC GOODWINE

DIRECTOR

Board

1 hrs/wk

SHEILA KING-GOODWIN

DIRECTOR

Board

1 hrs/wk

JACKSON RESTREPO

DIRECTOR

Board

1 hrs/wk

KAREN PELLETIER

EXECUTIVE VICE PRESIDENT

Staff

0

LINDA SALEM-PERVIER

VP MEMBERSHIP DEVELOPMENT & FINANCE

Staff

0

Independent contractors

RUBICON BUILDERS LLC

GENERAL CONTRACTOR

$2.8M

COLLIERS PROJECT LEADERS USA NE

PROJECT MANAGER

$142K

Grants received

Showing 12 of 12

FromAmountPurposeYear
$20K
GENERAL SUPPORT
2024
$5K
UNRESTRICTED GENERAL SUPPORT
2024
$250K
GRANT TO SUPPORTING ORGANIZATION.
2023
$20K
GENERAL SUPPORT
2023
$10K
UNRESTRICTED GENERAL
2023
$258K
GRANT TO SUPPORTING ORGANIZATION.
2022
$468K
WORCESTER REGIONAL FOOD HUB
2020

Funded by

$1.1M from 7 funders · 12 grants · 2020–2024

Worcester Regional Chamber Of Commerce

$508K · 2 grants · 2022–2023

United Way Of Central Massachusetts Inc

$100K · 4 grants · 2020–2023

Fallon Community Health Plan Inc

$40K · 2 grants · 2023–2024

Hoche-Scofield Foundation-Equity

$10K · 1 grant · 2023

Details

EIN043265642
NTEE codeA99
Subsection03
Ruling date2021-06
Formed1995
Employees0
Volunteers16
WORCESTER AREA BUSINESS EDUCATION FOUNDATION INC — Mission, Financials & Grants Received | Grantivo