Worcester Economic Club
- Assets
- $265.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 06/1993
- Data as of
- 06/2022
- 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 06/2022, Worcester Economic Club generated $89.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $99.3k during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
REGULAR MEETINGS OF THE CLUB FOR THE PURPOSE OF COMMUNITY DEVELOPMENT. THE PUBLIC IS INVITED TO ATTEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Peculis President | 5 | $0 | |
Peter Balesano First Vice President | 2 | $0 | |
Bradford Wyatt Second Vice President | 2 | $0 | |
Mark Wojcicki CPA Treasurer | 2 | $0 | |
Joy C Child CPA Accountant | 0.5 | $0 | |
Deborah Larsen Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $39,650 |
| Membership dues | $48,275 |
| Investment income | $1,354 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,279 |
| 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 | $35 |
| Other expenses | $99,265 |
| Total expenses | $99,300 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $265,605 |
| Other assets | $0 |
| Total assets | $265,605 |
| Total liabilities | $0 |
| Net assets or fund balances | $265,605 |
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|---|---|---|
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Greenwich Water Club Inc Cos Cob, CT | $34,734 | $8,500,732 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |
Milbrook Club Inc Greenwich, CT | $17,388,831 | $9,460,454 |
Country Club Of Fairfield Inc Fairfield, CT | $29,190,882 | $7,946,208 |
Garden City Country Club Inc Garden City, NY | $15,572,533 | $8,460,994 |
University Club Of Boston Boston, MA | $34,166,489 | $7,340,957 |
Waccabuc Country Club Company Waccabuc, NY | $11,539,520 | $7,312,621 |