Form 990 for tax year 2023
Filed by GREATER WORCESTER COMMUNITY FOUNDATION INC.
Totals
- Total revenue
- $13,729,219
- Total expenses
- $12,954,464
- Contributions and grants received
- $11,134,837
- Grants paid
- $8,876,784
- Program service revenue
- $313,721
- Investment income
- $2,268,584
- Other revenue
- $12,077
- Total assets, end of year
- $206,196,649
- Total liabilities, end of year
- $47,251,012
- Net assets or fund balances, end of year
- $158,945,637
- Program services expenses (Part IX)
- $11,169,217
- Management and general expenses
- $947,345
- Fundraising expenses
- $837,902
- Program service expenses (Part III)
- $11,169,217
Program services were 86.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,902,743
-
1f · All other contributions, gifts and grants
$9,232,094
-
1g · Noncash contributions included above
$436,007
-
2a · Program service revenue: AGENCY FUND FEES
total $313,721 · related or exempt $313,721
-
3 · Investment income
total $2,569,815 · excluded $2,569,815
-
7a · Gross sales of assets other than inventory
securities $60,001,287
-
7b · Less cost or other basis and sales expenses
securities $60,302,518
-
7c · Gain or loss
securities -$301,231
-
7d · Net gain or loss
total -$301,231 · excluded -$301,231
-
11a · Other revenue: OTHER REVENUE
total $12,077 · related or exempt $12,077
-
11e · Other revenue, total
$12,077
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $8,104,234 · program services $8,104,234
-
2 · Grants to domestic individuals
total $772,550 · program services $772,550
-
5 · Compensation of officers, directors and key employees
total $572,828 · program services $244,922 · management and general $134,878 · fundraising $193,028
-
7 · Other salaries and wages
total $563,969 · program services $197,319 · management and general $167,506 · fundraising $199,144
-
8 · Pension plan contributions
total $51,330 · program services $19,144 · management and general $14,157 · fundraising $18,029
-
9 · Other employee benefits
total $110,547 · program services $30,970 · management and general $33,319 · fundraising $46,258
-
10 · Payroll taxes
total $118,736 · program services $45,119 · management and general $32,059 · fundraising $41,558
-
11b · Fees: legal
total $236,955 · management and general $236,955
-
11c · Fees: accounting
total $77,397 · program services $10,000 · management and general $67,397
-
11f · Fees: investment management
total $1,322,295 · program services $1,322,295
-
11g · Fees: other
total $317,945 · program services $120,819 · management and general $85,845 · fundraising $111,281
-
12 · Advertising and promotion
total $123,519 · program services $46,937 · management and general $33,350 · fundraising $43,232
-
13 · Office expenses
total $87,195 · program services $33,134 · management and general $23,543 · fundraising $30,518
-
16 · Occupancy
total $80,302 · program services $28,296 · management and general $25,944 · fundraising $26,062
-
19 · Conferences, conventions and meetings
total $37,801 · program services $15,109 · management and general $9,882 · fundraising $12,810
-
22 · Depreciation, depletion and amortization
total $19,495 · management and general $19,495
-
24a · Other expenses: TEMPORARY HELP
total $222,879 · program services $129,351 · management and general $26,722 · fundraising $66,806
-
24b · Other expenses: SOFTWARE LICENSING AND
total $68,966 · program services $26,207 · management and general $18,621 · fundraising $24,138
-
24c · Other expenses: OTHER EXPENSES
total $43,100 · program services $14,291 · management and general $11,618 · fundraising $17,191
-
24d · Other expenses: MEMBERSHIPS AND SUBSCRI
total $22,421 · program services $8,520 · management and general $6,054 · fundraising $7,847
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $371,163 · end of year $830,095
-
2 · Savings and temporary cash investments
beginning of year $5,269,743 · end of year $2,804,300
-
3 · Pledges and grants receivable
beginning of year $87,831 · end of year $876,391
-
9 · Prepaid expenses and deferred charges
beginning of year $120,698 · end of year $70,821
-
10a · Land, buildings and equipment: cost or other basis
$152,634
-
10b · Land, buildings and equipment: accumulated depreciation
$113,500
-
10c · Land, buildings and equipment, net
beginning of year $47,785 · end of year $39,134
-
11 · Investments: publicly traded securities
beginning of year $79,870,290 · end of year $101,058,860
-
12 · Investments: other securities
beginning of year $89,728,068 · end of year $100,048,175
-
15 · Other assets
beginning of year $0 · end of year $468,873
-
17 · Accounts payable and accrued expenses
beginning of year $161,893 · end of year $203,002
-
18 · Grants payable
beginning of year $394,580 · end of year $195,000
-
25 · Other liabilities
beginning of year $39,075,943 · end of year $46,853,010
-
27 · Net assets without donor restrictions
beginning of year $6,684,901 · end of year $7,851,932
-
28 · Net assets with donor restrictions
beginning of year $129,178,261 · end of year $151,093,705
Mission and programs · 2023
Mission
GREATER WORCESTER COMMUNITY FOUNDATION'S MISSION IS TO BUILD HEALTHY AND VIBRANT COMMUNITIES IN CENTRAL MASSACHUSETTS. THE FOUNDATION WORKS WITH DONORS, BUILDS CHARITABLE ENDOWMENTS, AND PROVIDES SUPPORT TO NONPROFITS IN THE AREA.
-
DONOR ADVISED AND DESIGNATED GRANTMAKING: FORMALLY STRUCTURED TO ENABLE THE DONOR TO SUGGEST SPECIFIC GRANTS FROM FUNDS. INCLUDES FUNDS ESTABLISHED AS ENDOWMENTS FOR SPECIFIC AGENCIES. ALSO INCLUDES GRANTING FROM FUNDS ESTABLISHED BY NON-PROFIT ORGANIZATIONS FOR THEIR OWN BENEFIT (AGENCY FUNDS).
Expenses $4,453,823 · Grants $3,661,922 · Revenue $313,721
-
DISCRETIONARY AND FIELD OF INTEREST GRANTMAKING: DISCRETIONARY FUNDS HAVE NO EXTERNAL RESTRICTIONS ON THEIR GRANT PURPOSE. FIELD OF INTEREST FUNDS SUPPORT A CLASS OF CHARITABLE BENEFICIARIES. SUCH GRANTS ARE AWARDED THROUGH COMPETITIVE PROCESSES, REQUIRING APPLICATIONS AND PROGRESS REPORTS TO BE SUBMITTED.
Expenses $3,076,735 · Grants $2,299,029
-
OTHER PROGRAM SERVICES INCLUDE: COMMUNITY LEADERSHIP SERVICES, NON-PROFIT MANAGEMENT TRAININGS, DONOR EDUCATION, AND OTHER.
Expenses $3,638,659 · Grants $2,915,833 · Revenue $12,077
As filed on the 2023 return.
Listed in Part VII
-
Thomas J BartholomewTHOMAS J BARTHOLOMEW
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Satya B MitraSATYA B MITRA
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Maria A Heskes-AllardMARIA A HESKES-ALLARD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joycelyn AugustusJOYCELYN AUGUSTUS
CLERK
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer Davis CareyJENNIFER DAVIS CAREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike AngeliniMIKE ANGELINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Linda CammusoLINDA CAMMUSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher W McCarthyCHRISTOPHER W MCCARTHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sonia PaulinoSONIA PAULINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly M SalmonKIMBERLY M SALMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric TorkornooERIC TORKORNOO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Che AndersonCHE ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
German ChiribogaGERMAN CHIRIBOGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ronald WaddellRONALD WADDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Valerie Zolezzi-WyndhamVALERIE ZOLEZZI-WYNDHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Naomi SleeperNAOMI SLEEPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann TrippANN TRIPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennis F KerriganDENNIS F KERRIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marybeth CampbellMARYBETH CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kola AkindeleKOLA AKINDELE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan CohenJONATHAN COHEN
VICE PRESIDENT COMMUNITY IMPACT
- Total calculated
- $146,768
- From this org
- $119,392
- From related orgs
- $0
- Other
- $27,376
- Hours/week
- 37.5
-
Kelly StimsonKELLY STIMSON
VP PHILANTHROPY
- Total calculated
- $146,459
- From this org
- $132,054
- From related orgs
- $0
- Other
- $14,405
- Hours/week
- 37.5
-
Diane AllainDIANE ALLAIN
VP OF FINANCE & ADMIN
- Total calculated
- $131,423
- From this org
- $117,674
- From related orgs
- $0
- Other
- $13,749
- Hours/week
- 37.5
-
Peter DunnPETER DUNN
PRESIDENT & CEO
- Total calculated
- $140,767
- From this org
- $134,472
- From related orgs
- $0
- Other
- $6,295
- Hours/week
- 37.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
WORCESTER COMMUNITY ACTION COUNCIL
$651,229
HOUSING SUPPORT
-
$344,960
HISTORICAL SOCIETIES & HISTORIC PRESERVATION
-
UNITED WAY OF CENTRAL MASSACHUSETTS
$283,788
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
-
LATIN AMERICAN HEALTH ALLIANCE
$280,000
REHABILITATION SERVICES FOR OFFENDERS
-
$216,874
FOOD, AGRICULTURE & NUTRITION
-
$197,744
PUBLIC & SOCIETAL BENEFIT
-
$189,189
ART MUSEUMS
-
EL BUEN SAMARITANO FOOD PROGRAM
$143,066
FOOD, AGRICULTURE & NUTRITION
-
DISMAS HOUSE OF MASSACHUSETTS INC
$142,100
FOOD, AGRICULTURE & NUTRITION
-
FOOD, AGRICULTURE & NUTRITION
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421449349301007
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