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Greater Worcester Community Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042572276 ✦ Worcester, MA ✦ Designated as a 501(c)(3)

Overview

What is Greater Worcester Community Foundation Inc?

Greater Worcester Community Foundation Inc, based in Worcester, Massachusetts, is a nonprofit organization dedicated to fostering healthy and thriving communities in Central Massachusetts. Through donor-advised and designated grantmaking, the foundation builds charitable endowments and supports local nonprofits by allowing donors to suggest specific grants from their funds. The foundation's mission encompasses collaborating with donors and providing assistance to various nonprofit organizations within the region. With a team of 15 employees, Greater Worcester Community Foundation serves as a vital resource for Central Massachusetts, encouraging community growth and development.


Official website here: www.greaterworcester.org

Is Greater Worcester Community Foundation Inc legitimate?

Greater Worcester Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Worcester Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $428,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $584,064

For more financial information, click here


Official website here: www.greaterworcester.org

What is the mission statement of Greater Worcester Community Foundation Inc?

The Greater Worcester Community Foundation is dedicated to fostering healthy and thriving communities in Central Massachusetts. It accomplishes this mission by partnering with donors, constructing charitable endowments, and offering assistance to local non-profits. The foundation's role extends beyond just grantmaking, as it works collaboratively with donors to suggest grants from their funds. This approach allows for a more personalized impact and alignment with the donors' philanthropic goals. Additionally, the foundation provides support for non-profit organizations in establishing their own agency funds, enabling them to benefit from the foundation's expertise and resources. Through these endeavors, the Greater Worcester Community Foundation plays a vital role in strengthening the social fabric of Central Massachusetts.


Official website here: www.greaterworcester.org

Who is the CEO of Greater Worcester Community Foundation Inc?

Peter Dunn is the Vice President For Program of Greater Worcester Community Foundation Inc.


Official website here: www.greaterworcester.org

What is the revenue of Greater Worcester Community Foundation Inc?

Greater Worcester Community Foundation Inc's revenue in 2022 was $20,277,510.


Official website here: www.greaterworcester.org

Who are the executives of Greater Worcester Community Foundation Inc and what are their salaries?

The average compensation at Greater Worcester Community Foundation Inc during 2022 was $67,474. There are 15 employees and 251 volunteers at Greater Worcester Community Foundation Inc.

Here are 26 key members and their salaries:

    Jonathan Cohen (Vice President For Program)
  • Compensation: $117,423
  • Related: $0
  • Other: $26,591

    • Kelly Stimson (Vp Of Donor Services)
  • Compensation: $123,984
  • Related: $0
  • Other: $14,573

    • Diane Allain (Vp Of Finance & Admin)
  • Compensation: $110,609
  • Related: $0
  • Other: $13,842

    • Tim Johnstone (Interim Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kola Akindele (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas J Bartholomew (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J Christopher Collins (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Angelini (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joycelyn Augustus (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Davis Carey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matilde Castiel (Director (Until 5/22))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack L Foley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maria A Heskes-Allard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Carre Looft (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher W Mccarthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Mcdonough (Director (Until 6/22))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nadia Mcgourthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Satya B Mitra (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sonia Paulino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kimberly M Salmon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Torkornoo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Che Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anh Vu Sawyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • German Chiriboga (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gina Plata-Nino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald Waddell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.greaterworcester.org

    Where can I find the form 990 for Greater Worcester Community Foundation Inc?

    The Greater Worcester Community Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.greaterworcester.org

    Learn more at the official website: www.greaterworcester.org

    Mission Statement of Greater Worcester Community Foundation Inc

    Greater Worcester Community Foundation, a mission-driven organization, is dedicated to fostering healthy and thriving communities in Central Massachusetts. By collaborating with donors and building charitable endowments, this foundation plays a pivotal role in supporting local nonprofits.

    In essence, the Greater Worcester Community Foundation functions as a bridge between givers and grant recipients. Donors have the opportunity to suggest specific grants from their funds, either as endowments for particular agencies or as agency funds for the nonprofits' own benefit. Through this process, the foundation helps ensure that resources are allocated effectively to address the unique needs of the community.

    Impact

    This information is meant to be a general summary of Greater Worcester Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Greater Worcester Community Foundation Inc's impact is significant in building healthy and vibrant communities in Central Massachusetts. By working closely with donors and fostering charitable endowments, the foundation plays a key role in supporting various organizations and initiatives in the area. Through donor advised and designated grantmaking, the foundation enables donors to suggest specific grants from funds, thereby directing resources to where they are needed most. Additionally, the foundation's mission to promote philanthropy and community development helps strengthen the social fabric of the region, ultimately contributing to the well-being of residents and the overall growth of Central Massachusetts.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,639,894
  • Program Service Revenue: $290,074
  • Gross Receipts: $47,908,694

    • Assets and Liabilities:
  • Total Assets: $175,495,578
  • Total Liabilities: $39,632,416
  • Net Assets: $135,863,162
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    AGENCY FUND FEES

    Revenue

    $290,074

    Organization Details

    Founding Year

    1975

    Principal Officer

    Peter Dunn

    Main Address

    370 MAIN STREET, WORCESTER, MA, 01608

    NTEE Category

    Code: T310 - Philanthropy

    If you are a representative of Greater Worcester Community Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.