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Nonprofiteer
← WORCESTER AREA BUSINESS EDUCATION FOUNDATION INC

Form 990 for tax year 2023

Filed by WORCESTER AREA BUSINESS EDUCATION FOUNDATION INC.

Totals

Total revenue
$2,032,195
Total expenses
$1,129,250
Contributions and grants received
$1,769,954
Grants paid
$242,000
Program services expenses (Part IX)
$1,129,230
Management and general expenses
$20
Fundraising expenses
$0
Program service expenses (Part III)
$1,129,230

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DEMITRIOS M MOSCHOS

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • SATYA MITRA

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • ERIC TORKORNOO

    CLERK/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • TIMOTHY P MURRAY

    PRESIDENT

    Total calculated
    $330,499
    From this org
    $0
    From related orgs
    $328,598
    Other
    $1,901
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,598 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,901 related
    Filer's total
    $0 + $330,499 related

  • KATHERINE BAGDIS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • CHRISTINE CASSIDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JAMIE SALOIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CRAIG BLAIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KOLA AKINDELE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • ROBERT D COX JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • ERIC A BUSENBURG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DIANE M GIAMPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CAROLYN JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • SHEILA KING-GOODWIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MICHAEL CRAWFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JACKSON RESTREPO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KAREN PELLETIER

    VICE PRESIDENT

    Total calculated
    $162,506
    From this org
    $0
    From related orgs
    $149,108
    Other
    $13,398
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,108 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,398 related
    Filer's total
    $0 + $162,506 related

  • ERIC GOODWINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • LINDA SALEM PERVIER

    HIGHLY COMPENSATED EMPLOYEE

    Total calculated
    $111,900
    From this org
    $0
    From related orgs
    $101,057
    Other
    $10,843
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $101,057 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,843 related
    Filer's total
    $0 + $111,900 related

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART II
ALL EMPLOYEES ARE EMPLOYEES OF THE CHAMBER, AN ENTITY RELATED THROUGH COMMON BOARD MEMBERSHIP. ALL COMPENSATION IS PAID ENTIRELY BY WRCC AND RECORDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE CHAMBER AND THE FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 December 2024
IRS schema version
2023v5.1
Source object
202423529349300437

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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