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WORCESTER STATE FOUNDATION INC

EIN 22-3248067 WORCESTER, MA

Revenue 2023
$3,305,146
Expenses 2023
$2,801,436

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B820
Classification
1000
Street
486 CHANDLER ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

Mission

THE MISSION OF THE WORCESTER STATE FOUNDATION IS TO PROMOTE THE GROWTH AND PROGRESS OF WORCESTER STATE UNIVERSITY BEYOND WHAT IS POSSIBLE WITH STATE FUNDING.

Activities or mission (Part I)

THE CORPORATION IS OPERATED FOR THE PURPOSE OF RENDERING FINANCIAL AID TO PROSPECTIVE AND CURRENT STUDENTS OF WORCESTER STATE UNIVERSITY; TO PROMOTE AND SUPPORT THE EDUCATIONAL AND OTHER LEGAL ACTIVITIES FOR THE BENEFIT OF WORCESTER STATE UNIVERSITY AND ITS CONSTITUENCY.

  • 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.

    Expenses $1,676,962 · Grants $1,641,957

  • SCHOLARSHIPS: TRANSFER OF FUNDS TO WORCESTER STATE UNIVERSITY FOR SCHOLARSHIPS AND AWARDS AWARDED TO STUDENTS.

    Expenses $1,059,135 · Grants $1,059,135

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • CRAIG A BOVAIRD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANN L DEBAISIO

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • KEVIN T CAMPBELL

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MARYBETH CAMPBELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • EDWARD L SHERR

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • THOMAS M MCNAMARA

    PRESIDENT/CLERK

    Total calculated
    $226,357
    From this org
    $0
    From related orgs
    $226,357
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,357 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $226,357 related

  • JOHN R BUCKLEY III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GRETA BAJRAMI CAMPOVERDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID E BEDARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN P BRISSETTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARY BURKE FALLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DANIEL F FIGUEIREDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GEOVANNA I DIAZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALLEN J FALKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER BEATON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARYANNE M HAMMOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WARREN D HAYDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALAN I GORDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DEREK CANTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SANDRA HUBBARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HELDER MACHADO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DOROTHY J MANNING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROSANNE MATULAITIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL J MILLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SATYA MITRA

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

The first 25 listed. 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. 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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $3,305,146
    Expenses
    $2,801,436
    Contributions
    $2,598,831
    Grants paid
    $2,701,092
  • 2022
    Revenue
    $8,251,574
    Expenses
    $1,976,615
    Contributions
    $7,686,429
    Grants paid
    $1,828,229

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2021 · 990

    Revenue
    $3,879,031
    Expenses
    $2,288,643
    Assets (EOY)
    $39,235,883

  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2020 · 990

    Revenue
    $7,166,785
    Expenses
    $2,032,248
    Assets (EOY)
    $45,638,804

  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2019 · 990

    Revenue
    $3,015,775
    Expenses
    $2,041,610
    Assets (EOY)
    $34,572,154

  • 2018 · 990

    Revenue
    $3,604,598
    Expenses
    $1,613,843
    Assets (EOY)
    $32,840,849

  • 2017 · 990

    Revenue
    $6,201,798
    Expenses
    $1,569,324
    Assets (EOY)
    $31,419,242

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2023 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.