2024-12-17T13:41:13-06:00 2023-12-31 201260740 STOLBERG EBBELING & BLANCHETTE LLP 41 ELM STREET WORCESTER MA 016092573 990 2023-01-01 043265642 WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION WORC 5087532924 311 MAIN STREET 200 WORCESTER MA 01608 TIMOTHY P MURRAY PRESIDENT 5087532924 2024-12-11 1 0 GLENN M CREAVEN CPA P01215518 5083633000 2024-12-11 2023 2024-10-15 13:58:12Z TIMOTHY P MURRAY 311 MAIN STREET SUITE 200 WORCESTER MA 01608 2693834 0 X N/A X 1995 MA SUPPORT THE CHARITABLE PURPOSES OF THE WORCESTER REGIONAL CHAMBER OF COMMERCE (THE CHAMBER) BY: 1) DEVELOPING AND DELIVERING RELEVANT PROGRAMS AND SERVICES TO THE CHAMBER, ITS AFFILIATES, LOCAL BUSINESS COMMUNITY AND GENERAL PUBLIC; AND 2) LESSENING THE BURDENS OF GOVERNMENT BY COMBATTING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY SUPPORTING DISTRESSED AREAS WITHIN THE SERVICE AREAS OF THE CHAMBER. 18 16 0 10 11212 0 1283853 1769954 149440 142793 5957 11212 48814 108236 1488064 2032195 0 242000 0 0 0 0 0 0 0 1029910 887250 1029910 1129250 458154 902945 1425378 2940421 266806 832185 1158572 2108236 X SUPPORT THE CHARITABLE PURPOSES OF THE WORCESTER REGIONAL CHAMBER OF COMMERCE (THE CHAMBER) BY: 1) DEVELOPING AND DELIVERING RELEVANT PROGRAMS AND SERVICES TO THE CHAMBER, ITS AFFILIATES, LOCAL BUSINESS COMMUNITY AND GENERAL PUBLIC; AND 2) LESSENING THE BURDENS OF GOVERNMENT BY COMBATTING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY SUPPORTING DISTRESSED AREAS WITHIN THE SERVICE AREAS OF THE CHAMBER. 0 0 80021 5000 WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION (THE FOUNDATION) PROVIDES EDUCATIONAL PROGRAMS TO THE MEMBERSHIP OF THE CHAMBER AND THE LOCAL BUSINESS COMMUNITY. 812209 251029 THE FOUNDATION PROVIDES ADMINISTRATIVE, FINANCIAL AND PERSONNEL SERVICES TO ORGANIZATIONS WHOSE PURPOSES ARE CONSISTENT WITH THE FOUNDATION'S UNDER FISCAL SPONSORSHIP AGREEMENTS. 237000 237000 THE FOUNDATION PAIRED WITH NATIONAL GRID TO MAKE ONE-TIME GRANTS AVAILABLE TO CHAMBER SMALL BUSINESS MEMBERS TO HELP WITH HIGH ENERGY COSTS AND THE FINANCIAL CHALLENGES FACING SMALL BUSINESSES. 1129230 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 117 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 16 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 MA X TIMOTHY P MURRAY 5087532924 311 MAIN STREET SUITE 200 WORCESTER MA 01608 DEMITRIOS M MOSCHOS CHAIR/DIRECTOR 0.00 X X 0 0 0 SATYA MITRA TREASURER/DIRECTOR 0.00 X X 0 0 0 ERIC TORKORNOO CLERK/DIRECTOR 0.00 X X 0 0 0 TIMOTHY P MURRAY PRESIDENT 4.00 36.00 X X 0 328598 1901 KATHERINE BAGDIS VICE CHAIR 0.00 X X 0 0 0 CHRISTINE CASSIDY DIRECTOR 0.00 X 0 0 0 JAMIE SALOIS DIRECTOR 0.00 X 0 0 0 CRAIG BLAIS DIRECTOR 0.00 X 0 0 0 KOLA AKINDELE DIRECTOR 0.00 X 0 0 0 ROBERT D COX JR DIRECTOR 0.00 X 0 0 0 ERIC A BUSENBURG DIRECTOR 0.00 X 0 0 0 DIANE M GIAMPA DIRECTOR 0.00 X 0 0 0 CAROLYN JACKSON DIRECTOR 0.00 X 0 0 0 SHEILA KING-GOODWIN DIRECTOR 0.00 X 0 0 0 MICHAEL CRAWFORD DIRECTOR 0.00 X 0 0 0 JACKSON RESTREPO DIRECTOR 0.00 X 0 0 0 KAREN PELLETIER VICE PRESIDENT 4.00 36.00 X X 0 149108 13398 ERIC GOODWINE DIRECTOR 0.00 X 0 0 0 LINDA SALEM PERVIER HIGHLY COMPENSATED EMPLOYEE 4.00 36.00 X 0 101057 10843 0 578763 26142 0 0 1 0 0 1769954 1769954 KITCHEN AND STORAGE RE 900099 118005 118005 EDUCATION AND OTHER RE 900099 24788 24788 142793 11212 11212 769875 661639 108236 108236 2032195 251029 11212 0 190000 190000 52000 52000 263247 263247 108184 108184 28598 28598 1667 1667 5098 5098 120486 120486 57714 57714 19509 19509 6081 6081 PROGRAM EXPENSES 171754 171754 BAD DEBTS 50000 50000 EQUIPMENT AND OPERATION 32355 32355 MISCELLANEOUS EXPENSE 9862 9842 20 12695 12695 1129250 1129230 20 0 264307 323482 36428 25004 257312 742939 70089 172853 757460 44938 468269 712522 285223 476755 43750 486866 1425378 2940421 94841 217960 496117 171965 118108 266806 832185 X -34728 23310 1193300 2084926 1158572 2108236 1425378 2940421 902945 46719 0 X X 0 1 X 1 0 X 20254 595818 655770 1078853 1762454 4113149 588668 503143 696734 912668 2701213 20254 1184486 1158913 1775587 2675122 6814362 0 0 0 6814362 1697 5957 11212 18866 1697 5957 11212 18866 205000 7500 212500 20254 1184486 1160610 1986544 2693834 7045728 0.96720 0.95140 0.00270 0.00170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 657529 657529 99931 44938 54993 712522 MUTUAL FUNDS 476755 F 476755 RELATED PARTY RECEIVABLE 20000 OPERATING RIGHT-OF-USE ASSETS, NET 466866 486866 RELATED PARTY PAYABLE 61558 SECURITY DEPOSITS 12800 REFUNDABLE ADVANCE 43750 118108 X 2740553 46719 46719 2693834 -661639 -661639 2032195 1790889 661639 661639 1129250 0 1129250 PART X, LINE 2: THE FOUNDATION EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY U.S. GAAP. AS OF DECEMBER 31, 2023, THE FOUNDATION DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD INCREASE OR DECREASE WITHIN THE NEXT 12 MONTHS. THE FOUNDATION'S INCOME TAX AND INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. AS OF DECEMBER 31, 2023 , THE ORGANIZATION'S FEDERAL RETURNS GENERALLY REMAIN OPEN FOR THE LAST THREE YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -661,639. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 661,639. 1 SMALL BUSINESS ENERGY RELIEF GRANTS 52 52000 N/A N/A PART I, LINE 2: GRANT APPLICANTS ARE REQUIRED TO PROVIDE CERTAIN DOCUMENATION PRIOR TO BEING APPROVED FOR THE GRANT. ONCE THE GRANT IS APPROVED AND PAYMENT IS ADMINISTERED, THERE IS NO ADDITIONAL MONITORING IS REQUIRED. 0 0 0 0 0 0 0 0 0 TIMOTHY P MURRAY PRESIDENT 0 328598 0 0 0 0 0 0 0 1901 0 330499 0 0 KAREN PELLETIER VICE PRESIDENT 0 149108 0 0 0 0 0 0 0 13398 0 162506 0 0 LINDA SALEM PERVIER HIGHLY COMPENSATED EMPLOYEE 0 101057 0 0 0 0 0 0 0 10843 0 111900 0 0 PART II ALL EMPLOYEES ARE EMPLOYEES OF THE CHAMBER, AN ENTITY RELATED THROUGH COMMON BOARD MEMBERSHIP. ALL COMPENSATION IS PAID ENTIRELY BY WRCC AND RECORDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE CHAMBER AND THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY LINDA SALEM PERVIER AND BOARD CHAIR PRIOR TO ITS FILING. IT IS AVAIABLE TO OTHER BOARD MEMBERS, AS REQUESTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGES FROM PRIOR YEAR. WORCESTER REGIONAL CHAMBER OF COMMERCE 311 MAIN STREET SUITE 200 WORCESTER MA 01608 041988780 IMPROVE CENTRAL MASS ECONOMY THROUGH PROMOTIONAL AND EDUCATIONAL EFFORTS MA 501(C)(6) WORCESTER REGIONAL CHAMBER OF COMMERCE 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 WORCESTER REGIONAL CHAMBER OF COMMERCE B 83500 FMV WORCESTER REGIONAL CHAMBER OF COMMERCE C 250000 FMV WORCESTER REGIONAL CHAMBER OF COMMERCE M 72100 FMV WORCESTER REGIONAL CHAMBER OF COMMERCE O 263246 FMV