Worcester Regional Research Bureau Inc
- Assets
- $1.4m
- Revenue
- $501.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Worcester, MA
- Founding
- 02/1986
- Data as of
- 12/2022
- EIN
- 04-2901298
Organization Overview
Worcester Regional Research Bureau Inc is located in Worcester, MA. The organization was established in 1986. As of 12/2022, 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 12/2022, Worcester Regional Research Bureau Inc generated $501.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $437.3k during the year ending 12/2022. While expenses have increased by 2.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Deborah Penta Exec. Comm. Member | Trustee | 1 | $0 |
Francis Madigan III Chair Of The Board | OfficerTrustee | 2 | $0 |
George W Tetler III Treasurer | OfficerTrustee | 2 | $0 |
Demitrios M Moschos Clerk | OfficerTrustee | 2 | $0 |
Abraham W Haddad Exec. Comm. Member | Trustee | 1 | $0 |
Paul Kelly Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $131,785 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,685 |
| Total Program Service Revenue | $279,146 |
| Investment income | $10,256 |
| 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 | $501,087 |
| 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. | $141,236 |
| Compensation of current officers, directors, key employees. | $35,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,069 |
| Pension plan accruals and contributions | $10,779 |
| Other employee benefits | $3,379 |
| Payroll taxes | $23,306 |
| 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 | $3,277 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,791 |
| Information technology | $7,347 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $339 |
| Total functional expenses | $437,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,092 |
| Savings and temporary cash investments | $434,638 |
| Pledges and grants receivable | $62,500 |
| Accounts receivable, net | $52,997 |
| 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 | $5,849 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $376,301 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,399 |
| Total assets | $1,366,776 |
| Accounts payable and accrued expenses | $20,509 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,399 |
| Total liabilities | $22,908 |
| Net assets without donor restrictions | $1,281,368 |
| Net assets with donor restrictions | $62,500 |
| 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 | $1,366,776 |