Overview
What is Worcester Regional Strategic Opportunities Foundation?
The Worcester Regional Strategic Opportunities Foundation, based at 311 Main Street, Worcester, MA 01608, is a nonprofit organization. Its primary mission is to support the charitable purposes of the Worcester Regional Chamber of Commerce by providing educational programs and services to the chamber, its affiliates, the local business community, and the general public. Additionally, the foundation aims to lessen governmental burdens by combating community deterioration and fostering economic development by assisting distressed areas within the chamber's service areas. The foundation's activities contribute to the betterment of the local community and business sector.
Is Worcester Regional Strategic Opportunities Foundation legitimate?
Worcester Regional Strategic Opportunities Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worcester Regional Strategic Opportunities Foundation 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.
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What is the mission statement of Worcester Regional Strategic Opportunities Foundation?
The Worcester Regional Strategic Opportunities Foundation's mission is to support the charitable purposes of the local Chamber of Commerce by undertaking two key initiatives. Firstly, they develop and deliver educational programs and services to benefit the Chamber, its affiliates, the local business community, and the general public. Secondly, they aim to alleviate governmental burdens by combating community deterioration and fostering economic development in distressed areas within the Chamber's service areas. This is achieved by providing support to these areas.
Who is the CEO of Worcester Regional Strategic Opportunities Foundation?
Timothy P Murray is the Chair/Director of Worcester Regional Strategic Opportunities Foundation.
What is the revenue of Worcester Regional Strategic Opportunities Foundation?
Worcester Regional Strategic Opportunities Foundation's revenue in 2022 was $1,488,064.
Who are the executives of Worcester Regional Strategic Opportunities Foundation and what are their salaries?
There 10 volunteers at Worcester Regional Strategic Opportunities Foundation.
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Where can I find the form 990 for Worcester Regional Strategic Opportunities Foundation?
Worcester Regional Strategic Opportunities Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Worcester Regional Strategic Opportunities Foundation
The Worcester Regional Strategic Opportunities Foundation works towards supporting the charitable purposes of the Worcester Regional Chamber of Commerce. Its mission involves two key aspects. Firstly, the foundation develops and delivers educational programs and services to various entities, including the chamber, its affiliates, the local business community, and the general public. This endeavor aims to enhance the knowledge and skills of these groups, thereby contributing to their overall growth and development.
Secondly, the foundation seeks to lessen the burdens of government by combating community deterioration and enabling economic development. It accomplishes this by supporting distressed areas within the service areas of the chamber. This initiative aims to revitalize these areas, thereby promoting a more prosperous and vibrant community. The foundation's role in this process is to provide the necessary resources and assistance to facilitate this transformation. By doing so, it contributes to the overall well-being of the community and the businesses that operate within it.
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Impact
October, 2024
The Worcester Regional Strategic Opportunities Foundation significantly impacts the local community by fostering economic development and enhancing educational opportunities. By developing and delivering targeted educational programs, it serves the Worcester Regional Chamber of Commerce and its affiliates, as well as the local business community and the general public.
These programs address critical needs, equipping businesses with valuable knowledge and skills that drive growth and innovation. Furthermore, the Foundation plays an essential role in lessening governmental burdens by actively combating community deterioration and providing support to distressed areas. This comprehensive approach not only promotes economic revitalization but also contributes to a more informed and engaged community, ensuring that local stakeholders are better positioned to thrive.
This information is meant to be a general summary of Worcester Regional Strategic Opportunities Foundation. 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: $5,957
- Program Service Revenue: $149,440
- Gross Receipts: $1,986,544
Assets and Liabilities:
- Total Assets: $1,425,378
- Total Liabilities: $266,806
- Net Assets: $1,158,572
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
KITCHEN AND STORAGE RE
Revenue
$103,213
EDUCATION AND OTHER RE
Revenue
$46,227
Organization Details
Founding Year
1995
Phone
(508) 753-2924Principal Officer
Timothy P Murray
Main Address
311 MAIN STREET 200, WORCESTER, MA, 01608
NTEE Category
Code: A99 - Arts
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