Overview

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Est.

1965

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

WORCESTER BUSINESS DEVELOPMENT CORP is a Worcester-based urban development nonprofit focused on serving as an innovation and leading force in the city’s and region’s economic development, with the goal of driving job creation and expanding the tax base. For filing year 2024, it reported an operating budget of $1.7M and total revenue of $2M, indicating a mid-sized organization with a website at WWW.THEWBDC.COM.

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Mission Statement

TO SERVE AS AN INNOVATION AND LEADING FORCE IN THE ECONOMIC DEVELOPMENT OF THE CITY OF WORCESTER AND THE REGION, RESULTING IN JOB CREATION AND TAX BASED EXPANSION.

Cause Areas

1
Urban development
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Financials

2024
Revenues
$2M
Expenses
$1.7M
Net Income:
+$281.8K
Assets
$18.9M
Liabilities
$966.9K
Net Assets:
+$18M

Financial Trends

2024
Operating Budget
$1.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
PAWTUCKET RED SOXJAMES J SKEFFINGTON CHARITABLE FOUNDATION
Pawtucket, RI, US
$3.8K
4%
UNITED BANK FOUNDATION MASSACHUSETTS INC
HARTFORD, CT, US
$3K
< 1%

Grants Received

2020
Total No. of Grants
1
Median grant size
$1.3K
Largest grant received
$1.3K

Board & Team

C
Craig L Blais
Board Member
K
Kathleen Kelleher Cpa MST
Board Member
T
Timothy P Murray
Board Member
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  • 2 funders
  • 74 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is WORCESTER BUSINESS DEVELOPMENT CORP’s budget?
In 2024, WORCESTER BUSINESS DEVELOPMENT CORP reported an annual operating budget of around $1.7 million. More detailed financial information is available to registered users.
What causes does WORCESTER BUSINESS DEVELOPMENT CORP support?
WORCESTER BUSINESS DEVELOPMENT CORP supports work in Urban development.
Where does WORCESTER BUSINESS DEVELOPMENT CORP operate?
WORCESTER BUSINESS DEVELOPMENT CORP is headquartered in Worcester, MA.
Who funded WORCESTER BUSINESS DEVELOPMENT CORP recently?
In 2020, WORCESTER BUSINESS DEVELOPMENT CORP received grants from PAWTUCKET RED SOXJAMES J SKEFFINGTON CHARITABLE FOUNDATION, PAWTUCKET RED SOXJAMES J SKEFFINGTON CHARITABLE FOUNDATION, and UNITED BANK FOUNDATION MASSACHUSETTS INC. More information on this organization’s funders is available to registered users.
What is the largest grant WORCESTER BUSINESS DEVELOPMENT CORP received in 2020?
The largest grant to WORCESTER BUSINESS DEVELOPMENT CORP in 2020 exceeds $1,250.