Overview
What is Worclab Inc?
Worclab Inc is a dynamic and collaborative nonprofit organization based in Worcester, Massachusetts. It offers a supportive environment for early-stage innovators, providing a range of services and development opportunities. Located at 44 Portland Street, 4th Floor, Worclab Inc offers cost-effective offices and prototyping space, essential equipment, resources, and programming. Their mission is to foster a diverse and inspiring community, enabling innovators to launch and grow their businesses, thereby lowering the barrier to success for startups. With a dedicated team of two, Worclab Inc serves as a launchpad for innovation and growth in Worcester, Massachusetts.
Official website here: www.worclab.com
Is Worclab Inc legitimate?
Worclab Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worclab 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,923
For more financial information, click here
Official website here: www.worclab.com
What is the mission statement of Worclab Inc?
Worclab Inc's mission is to create a supportive, diverse, and inspiring environment where innovators can launch and grow their businesses. By offering cost-effective offices and prototyping space, equipment, resources, and programming, Worclab Inc aims to lower the barriers to success for startups. The organization provides a variety of services and development opportunities to early-stage organizations, fostering an ecosystem that encourages innovation and growth.
Official website here: www.worclab.com
Who is the CEO of Worclab Inc?
Linda Looft is the Director of Worclab Inc.
Official website here: www.worclab.com
What is the revenue of Worclab Inc?
Worclab Inc's revenue in 2022 was $172,546.
Official website here: www.worclab.com
Who are the executives of Worclab Inc and what are their salaries?
The average compensation at Worclab Inc during 2022 was $25,962. There are 2 employees at Worclab Inc.
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Official website here: www.worclab.com
Where can I find the form 990 for Worclab Inc?
Worclab Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.worclab.com
Learn more at the official website: www.worclab.com
Mission Statement of Worclab Inc
Worclab Inc, a dynamic and inclusive community, is committed to fostering an environment where innovative entrepreneurs can establish and grow their businesses. The organization's mission lies in lowering the barriers to success for startups, offering cost-effective offices and prototyping spaces, equipping them with necessary resources and programming. By doing so, Worclab Inc aims to provide a comprehensive suite of services and development opportunities to early-stage organizations, enabling them to launch and prosper in their respective fields.
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Impact
June, 2024
Worclab Inc's impact lies in fostering a collaborative and diverse community where innovators can thrive and grow their businesses. By offering cost-effective offices, prototyping space, equipment, resources, and programming, Worclab's incubator facilities play a crucial role in lowering the barriers to success for startups. Through their range of services and development opportunities for early-stage organizations, Worclab empowers entrepreneurs to innovate and bring their ideas to life. Their mission to create an inspiring environment for business growth contributes positively to the entrepreneurial ecosystem in Worcester, MA, ultimately driving economic development and fostering a culture of innovation.
This information is meant to be a general summary of Worclab 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $172,546
Assets and Liabilities:
- Total Assets: $103,047
- Total Liabilities: $0
- Net Assets: $103,047
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Organization Details
Founding Year
2010
Phone
(508) 751-4639Principal Officer
Linda Looft
Main Address
44 PORTLAND STREET 4TH FLOOR, WORCESTER, MA, 01608
Website
www.worclab.comNTEE Category
Code: C35 - Environment
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