Worcester Regional Chamber Of Commerce

Organization Overview

Worcester Regional Chamber Of Commerce is located in Worcester, MA. The organization was established in 1947. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Worcester Regional Chamber Of Commerce employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Regional Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2022, Worcester Regional Chamber Of Commerce generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER AND IMPROVE THE GENERAL ECONOMIC CONDITIONS OF THE CENTRAL MASSACHUSETTS AREA THROUGH PROMOTIONAL AND EDUCATIONAL EFFORTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES VALUABLE MEMBERSHIP SERVICES, PROGRAMS AND EVENTS TO ITS MEMBERS AND IN ADVANCING AND ADVOCATING ON BEHALF OF ECONOMIC DEVELOPMENT INITIATIVES AND PUBLIC POLICY ISSUES IMPORTANT TO THE REGIONAL BUSINESS COMMUNITY.


TO ADVANCE AND ADVOCATE ON BEHALF OF THE BUSINESS COMMUNITY IMPORTANT PUBLIC POLICY AND ECONOMIC DEVELOPMENT INITIATIVES.


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Board, Officers & Key Employees

Name (title)Compensation
Christine Cassidy
Chair/director
$0
Satya Mitra
Vice Chair/director
$0
Eric Torkornoo
Treasurer/director
$0
Eric A Busenburg
Clerk/director
$0
J Christopher Collins
Director
$0
Ralph Crowley III
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,857,593
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,857,593
Total Program Service Revenue$1,170,652
Investment income $440
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,028,685

Grants Awarded

Over the last fiscal year, Worcester Regional Chamber Of Commerce has awarded $544,801 in support to 2 organizations.

Grant RecipientAmount

WORCESTER REGIONAL TOURISM AND VISITORS CORPORATION

PURPOSE: PASS-THROUGH GRANT FROM THE CITY OF WORCESTER TO MARKET THE CITY'S HOSPITALITY INDUSTRY

$500,000

WORCESTER REGIONAL FOOD HUB CO THIRD SECTOR NEW ENGLAND

PURPOSE: URBAN AGENDA GRANT FROM EXECUTIVE OFFICE OF HOUSING AND DEVELOPMENT TO PROVIDED FUNDING TO WORCESTER REGIONAL FOOD HUB TO RUN THE LAUNCHING DIVERSE FOOD ENTREPRENEURS PROJECT IN WORCESTER, MA.

$44,801
View Grant Profile

Peer Organizations

Organization NameAssets
Real Estate Board Of New York Inc
New York, NY
$17,246,867
United States Council For International Business
New York, NY
$13,401,864
Long Island Board Of Realtors Inc
West Babylon, NY
$8,881,368
German American Chamber Of Commerce Inc
New York, NY
$7,301,963
Lake Placid Chamber Of Commerce Inc
Lake Placid, NY
$7,661,865
World Trade Centers Association Inc
New York, NY
$6,402,722
Independent Drivers Guild Inc
Long Island City, NY
$8,769,432
Pension Real Estate Association
Hartford, CT
$6,788,570
Economic Development Council Of Western Massachusetts Inc
Springfield, MA
$5,832,128
Buffalo Niagara Convention & Vistors Bureau Inc
Buffalo, NY
$4,659,388
Building Contractors Association Inc
New York, NY
$4,780,130
Connecticut Association Of Realtors Inc
East Hartford, CT
$5,560,829
Worcester Regional Chamber Of Commerce
Worcester, MA
$4,028,685
Better Business Bureau Inc
Cromwell, CT
$3,724,041
Rhode Island Realtors Association Inc
Warwick, RI
$3,280,816
Discover Long Island Inc
Hauppauge, NY
$3,530,042
New England Regional Council Of Carpenters Building Corp Ny
Boston, MA
$499,675
Cape Cod Chamber Of Commerce
Centerville, MA
$2,972,813
Emta Inc
New York, NY
$2,975,712
Tompkins County Chamber Of Commerce Inc
Ithaca, NY
$2,600,317
County Chamber Of Commerce Inc
Rye Brook, NY
$2,823,215
Plattsburgh-North Country Chamber Of Commerce Inc
Plattsburgh, NY
$2,527,679
Lake Champlain Regional Chamber Of Commerce
Burlington, VT
$2,271,489
Partners For Community Inc
Springfield, MA
$2,164,094
Contractors Association Of Grtr Ny Inc Industry Advancement Fund
New York, NY
$2,057,321

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