WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION

WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION

Worcester, MA, US
501(c)3
EIN
04-3265642

WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION

Worcester, MA, US
501(c)3
EIN
04-3265642

Overview

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Est.

1995

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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The Worcester Regional Strategic Opportunities Foundation (EIN: 04-3265642) is a nonprofit organization focused on supporting education and arts and culture initiatives within the Worcester region. Its mission centers on enhancing the charitable purposes of the Worcester Regional Chamber of Commerce by developing relevant programs and services, while also addressing community deterioration and promoting economic development in distressed areas. With an operating budget of $1.1 million and total revenue of $5.7 million for the 2024 filing year, the organization does not appear to rely on any single funder for 50% or more of its revenue.

Mission Statement

PROVIDE EDUCATION TO THE MEMBERSHIP OF WORCESTER REGIONAL CHAMBER OF COMMERCE (THE CHAMBER) AND THE LOCAL BUSINESS COMMUNITY.
Revenues

$5.7M

Expenses

$1.1M

Net Income:
+$4.6M
Assets

$8M

Liabilities

$1.3M

Net Assets:
+$6.7M
Operating Budget

$1.1M

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
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

5

Median grant size
$20K
Largest grant received
$150K
K
Katherine Bagdis
Board Member
D
Diane M Giampa
Board Member
E
Eric a Busenburg
Board Member

Frequently Asked Questions

What is WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION’s budget?
In 2024, WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION reported an annual operating budget of around $1.1 million. More detailed financial information is available to registered users.
What causes does WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION support?
WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION supports work in Education and Arts and culture.
Where does WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION operate?
WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION is headquartered in Worcester, MA.
Who funded WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION recently?
In 2024, WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION received grants from THE FLETCHER FOUNDATION, CVS FOUNDATION, and FALLON COMMUNITY HEALTH PLAN INC. More information on this organization’s funders is available to registered users.
What is the largest grant WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION received in 2024?
The largest grant to WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION in 2024 exceeds $150 thousand.
What is WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION’s reliance on government grants?
WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION relied on government grants for more than 50% of their total revenue in 2024.
Overview
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