Worcester Economic Club
- Assets
- $223.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 06/1993
- Data as of
- 06/2023
- EIN
- 04-3135100
Organization Overview
Worcester Economic Club is located in Worcester, MA. The organization was established in 1993. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Economic Club 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 06/2023, Worcester Economic Club generated $73.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $115.9k during the year ending 06/2023. While expenses have increased by 3.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
REGULAR MEETINGS OF THE CLUB FOR THE PURPOSE OF COMMUNITY DEVELOPEMENT. THE PUBLIC IS INVITED TO ATTEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Peculis Immediate Past President | 0.5 | $0 | |
Peter Balesano President | 2 | $0 | |
Bradford Wyatt Vice President | 2 | $0 | |
Mark Wojcicki CPA Treasurer | 2 | $0 | |
Steven A Thebodo Accountant | 0.5 | $0 | |
Dana Levenson Immediate Past President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $22,675 |
| Membership dues | $48,950 |
| Investment income | $1,874 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,499 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $115,896 |
| Total expenses | $115,896 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $223,208 |
| Other assets | $0 |
| Total assets | $223,208 |
| Total liabilities | $0 |
| Net assets or fund balances | $223,208 |