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Marlborough Regional Community Foundation Inc

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

EIN: 043431953 ✦ Marlborough, MA ✦ Designated as a 501(c)(3)

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Overview

What is Marlborough Regional Community Foundation Inc?

The Marlborough Regional Community Foundation, situated in Marlborough, Massachusetts, is a dedicated nonprofit organization. Their primary objective is to foster and enhance the local business community by means of fundraising, education, and vocational initiatives. This encompasses various charitable acts and extends support to the Marlborough Regional Chamber of Commerce in their endeavor to improve the business sector. Furthermore, the foundation contributes to the educational advancement of local students by offering scholarships.

Is Marlborough Regional Community Foundation Inc legitimate?

Marlborough Regional Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marlborough Regional Community Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of Marlborough Regional Community Foundation Inc?

The Marlborough Regional Community Foundation works towards improving the business community by engaging in fundraising, education, and vocational initiatives. This non-profit organization also supports charitable acts and aids the Marlborough Regional Chamber of Commerce in promoting business betterment. Furthermore, the foundation provides scholarships to local students, showcasing its commitment to empowering the community and fostering educational opportunities.

Who is the CEO of Marlborough Regional Community Foundation Inc?

Robert Schlacter is the President of Marlborough Regional Community Foundation Inc.

What is the revenue of Marlborough Regional Community Foundation Inc?

Marlborough Regional Community Foundation Inc's revenue in 2022 was $10,539.

Who are the executives of Marlborough Regional Community Foundation Inc and what are their salaries?


Here are 5 key members and their salaries:


Fred Brewitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Vital (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Schlacter (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heidi Borelli (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Gregory Mogavaro (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Marlborough Regional Community Foundation Inc?

Marlborough Regional Community Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Marlborough Regional Community Foundation Inc

The Marlborough Regional Community Foundation is committed to enhancing the business community by engaging in various activities. Its primary objective is to promote and foster improvement through fundraising, educational initiatives, and vocational efforts. The foundation extends its support to the Marlborough Regional Chamber of Commerce in their endeavors to enhance the business community as well. Beyond this, the organization takes an active role in providing scholarships to local students, demonstrating its dedication to the community's future leaders. By engaging in charitable acts and collaborating with the chamber, the Marlborough Regional Community Foundation seeks to contribute to the betterment of its community in a comprehensive manner.

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Impact




August, 2024

The Marlborough Regional Community Foundation Inc plays a crucial role in promoting, sponsoring, and supporting the betterment of the business community in Marlborough, MA. Through its fundraising initiatives, educational programs, vocational support, and charitable activities, the foundation actively contributes to the growth and prosperity of the local businesses. Additionally, by assisting the Marlborough Regional Chamber of Commerce in its efforts to enhance the business community, the foundation plays a key role in driving economic development and fostering a vibrant local economy. Furthermore, the foundation's provision of scholarships to local students underscores its commitment to investing in the future generation, ensuring educational opportunities and empowering youth in the region. Overall, the Marlborough Regional Community Foundation Inc's impact is tangible and far-reaching, contributing to the overall improvement and prosperity of the community.




This information is meant to be a general summary of Marlborough Regional Community Foundation Inc. 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.

Revenue
$10,539 (2022)
Expenses
$7,050 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $39
  • Gross Receipts: $10,539

Assets and Liabilities:

  • Total Assets: $58,455
  • Total Liabilities: $0
  • Net Assets: $58,455

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Organization Details

Principal Officer

Robert Schlacter

Main Address

11 FLORENCE ST, MARLBOROUGH, MA, 01752

NTEE Category

Code: S20 - Community improvement

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