Worcester Regional Research Bureau Inc
- Assets
- $1.4m
- Revenue
- $500.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Worcester, MA
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 04-2901298
Organization Overview
Worcester Regional Research Bureau Inc is located in Worcester, MA. The organization was established in 1986. As of 12/2021, Worcester Regional Research Bureau Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Regional Research Bureau Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Worcester Regional Research Bureau Inc generated $500.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $339.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE PUBLIC INTEREST OF GREATER WORCESTER BY CONDUCTING INDEPENDENT, NON-PARTISAN RESEARCH AND ANALYSIS OF PUBLIC POLICY ISSUES TO PROMOTE INFORMED PUBLIC DEBATE AND DECISION-MAKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT RESEARCH FOR MUNICIPAL AND REGIONAL ISSUES, DISSEMINATION OF RESULTS, AND PUBLIC EDUCATION TO MEASURE AND BENCHMARK MUNICIPAL AND COMMUNITY PERFORMANCE IN WORCESTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Matthews Executive Director & CEO | Officer | 40 | $144,785 |
Deborah Penta Chairman Of The Board | OfficerTrustee | 2 | $0 |
George W Tetler III Treasurer | OfficerTrustee | 2 | $0 |
Demitrios M Moschos Clerk | OfficerTrustee | 2 | $0 |
Francis Madigan III Vice Chairman | OfficerTrustee | 2 | $0 |
Michael Mulrain Assistant Clerk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $132,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $482,445 |
| Total Program Service Revenue | $9,653 |
| Investment income | $8,527 |
| 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 | $500,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,785 |
| Compensation of current officers, directors, key employees. | $36,196 |
| Compensation to disqualified persons | $109,297 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $9,557 |
| Other employee benefits | $2,213 |
| Payroll taxes | $19,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,853 |
| Information technology | $5,197 |
| Royalties | $0 |
| Occupancy | $14,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $338,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,998 |
| Savings and temporary cash investments | $433,778 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,821 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $454,728 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,396,325 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $32,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,500 |
| Net assets without donor restrictions | $1,263,825 |
| Net assets with donor restrictions | $100,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,396,325 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Worcester Regional Research Bureau Inc has recieved totaling $275,700.
| Awarding Organization | Amount |
|---|---|
George I Alden Trust Worcester, MA PURPOSE: TO FURTHER EDUCATION | $100,000 |
Greater Worcester Community Foundation Inc Worcester, MA PURPOSE: BROADENING BROADBAND | $82,500 |
George I Alden Trust Worcester, MA PURPOSE: TO FURTHER EDUCATION | $50,000 |
Greater Worcester Community Foundation Inc Worcester, MA PURPOSE: OPERATING SUPPORT | $10,000 |
Stoddard Charitable Trust Worcester, MA PURPOSE: SUPPORT THE WORK OF THE RESERACH BUR | $10,000 |
Fallon Community Health Plan Inc Worcester, MA PURPOSE: GENERAL SUPPORT | $9,000 |
Peer Organizations
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|---|---|---|
Trumark Financial Credit Union Fort Washington, PA | $2,771,242,877 | $109,685,822 |
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Navigant Credit Union Smithfield, RI | $3,081,655,511 | $116,968,150 |
American National Standards Institute New York, NY | $61,521,698 | $89,284,423 |
Advertising Council Inc New York, NY | $108,411,517 | $117,135,538 |
Metro Credit Union Chelsea, MA | $2,510,941,078 | $92,937,477 |
Adams Electric Cooperative Inc Gettysburg, PA | $218,291,432 | $70,869,610 |
American Eagle Financial Credit Union Incorporated East Hartford, CT | $2,355,398,570 | $80,581,273 |
Accesslex Institute West Chester, PA | $2,183,370,969 | $71,548,007 |
Island Peer Review Organization Inc New Hyde Park, NY | $59,283,462 | $69,591,386 |
Northeast Credit Union Portsmouth, NH | $1,982,489,459 | $75,179,197 |
Center For Internet Security Inc East Greenbush, NY | $46,373,483 | $74,949,178 |