Overview
What is Worcester City Campus Corporation?
Worcester City Campus Corporation is a nonprofit organization tasked with managing, developing, improving, renovating, leasing, and dealing with real and personal property. Their primary focus is to support education and research through the conveyed or transferred assets. This corporation plays a crucial role in ensuring the readiness and functionality of the property for the intended academic purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
The Worcester City Campus Corporation has received a two-star rating from Charity Navigator, indicating some concerns regarding its accountability and finance practices. While the organization excels in certain areas, such as having a strong program expense ratio and maintaining a whistleblower policy, it falls short in aspects like board independence and transparency. The lack of independent board members and failure to post financial documents on its website are notable weaknesses.
Strengths include a solid audit and oversight committee, which reflects good governance in terms of financial management. Furthermore, the corporation has implemented sound practices like a conflict of interest policy and document retention guidelines. These elements suggest a commitment to ethical operations, even if they are not fully realized across all governance aspects.
However, the organization faces significant limitations in its financial transparency, as indicated by its liabilities to assets ratio and the absence of majority independent board members. These deficiencies could affect stakeholder trust and the overall perception of the organization's effectiveness in fulfilling its mission. Addressing these areas of concern may enhance its standing and operational credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Worcester City Campus Corporation legitimate?
Worcester City Campus Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worcester City Campus Corporation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Worcester City Campus Corporation?
The Worcester City Campus Corporation is tasked with managing, developing, improving, renovating, leasing, and dealing with real and personal property for educational and research purposes. Their role encompasses the enhancement of facilities and infrastructure to support these endeavors. By effectively managing and utilizing conveyed or transferred property, they contribute significantly to the advancement of education and research.
Who is the CEO of Worcester City Campus Corporation?
John Lindstedt is the President of Worcester City Campus Corporation.
What is the revenue of Worcester City Campus Corporation?
Worcester City Campus Corporation's revenue in 2022 was $50,990,541.
Who are the executives of Worcester City Campus Corporation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $511,955
- Other: $102,101
- Compensation: $0
- Related: $411,013
- Other: $198,697
- Compensation: $0
- Related: $369,395
- Other: $153,851
- Compensation: $0
- Related: $302,434
- Other: $84,549
- Compensation: $0
- Related: $311,073
- Other: $54,807
- Compensation: $0
- Related: $263,553
- Other: $49,623
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Worcester City Campus Corporation?
Worcester City Campus Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Worcester City Campus Corporation
Worcester City Campus Corporation is a dynamic organization dedicated to managing, developing, improving, and renovating real and personal property for the purpose of supporting education and research. In simpler terms, this nonprofit corporation is committed to overseeing and enhancing various resources that contribute to the realm of learning and academic advancement.
Through their stewardship, Worcester City Campus Corporation plays a vital role in the academic community. By managing and improving properties, they ensure that educational institutions have the necessary facilities to provide a conducive learning environment. These properties not only include buildings but also extend to personal assets that may be essential for research and scholarly pursuits.
The corporation's mission is multifaceted, as they are not only focused on managing existing assets but also on expanding their scope through leasing and acquiring new property. Their ultimate goal is to provide the necessary resources that enable educational and research institutions to thrive and contribute to the betterment of their communities and society as a whole. By effectively managing their properties, Worcester City Campus Corporation lays the foundation for a vibrant and progressive academic landscape.
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Impact
October, 2024
Worcester City Campus Corporation significantly impacts the educational landscape by managing, developing, and improving properties that support research and learning. Through its activities, the organization enhances the physical environment for education in Shrewsbury, MA, facilitating better facilities for educational institutions and programs. By renovating and leasing properties, it creates spaces that are conducive to both academic growth and research initiatives, thereby contributing to the overall advancement of education in the region. This dedication to property development directly influences the quality of resources available to students and researchers, fostering a vibrant educational community.
This information is meant to be a general summary of Worcester City Campus Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,941,885
- Program Service Revenue: $37,120,698
- Gross Receipts: $50,990,541
Assets and Liabilities:
- Total Assets: $500,310,261
- Total Liabilities: $422,478,057
- Net Assets: $77,832,204
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$37,120,698
Organization Details
Founding Year
1992
Phone
(508) 856-8989Principal Officer
John Lindstedt
Main Address
333 South Street Suite 290, Shrewsbury, MA, 01545
NTEE Category
Code: B19 - Education
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