Worcester Regional Tourism And Visitors Corporation is located in Worcester, MA. The organization was established in 2016. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Worcester Regional Tourism And Visitors Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Regional Tourism And Visitors Corporation 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 Regional Tourism And Visitors Corporation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $888.6k during the year ending 06/2022. While expenses have increased by 17.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, DEVELOP AND EXPAND TOURISM IN THE CENTRAL MASSACHUSETTS AND SOUTHERN WORCESTER COUNTY REGION AND TO PROVIDE SERVICES FOR SUCH PROMOTION, DEVELOPMENT AND EXPANSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, DEVELOP AND EXPAND TOURISM IN THE CENTRAL MASSACHUSETTS AND SOUTHERN WORCESTER COUNTY REGION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Monique Messier Executive Director | Officer | 40 | $90,573 |
Troy Siebels Co-Chair/director | OfficerTrustee | 1 | $0 |
Amy Peterson Co-Chair/director | OfficerTrustee | 1 | $0 |
Sandra Dunn Treasurer/director | OfficerTrustee | 1 | $0 |
David Fields Director | Trustee | 1 | $0 |
Andy Davis Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $977,766 |
All other contributions, gifts, grants, and similar amounts not included above | $37,841 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,015,607 |
Total Program Service Revenue | $104,976 |
Investment income | $70 |
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 | $1,120,653 |
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. | $101,385 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $118,815 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $21,324 |
Payroll taxes | $19,124 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,711 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $109,613 |
Advertising and promotion | $328,910 |
Office expenses | $11,923 |
Information technology | $22,450 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,691 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $14,513 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $5,563 |
Total functional expenses | $888,577 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $580,078 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $544,782 |
Accounts receivable, net | $20,001 |
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 | $169,045 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $15,000 |
Total assets | $1,328,906 |
Accounts payable and accrued expenses | $43,814 |
Grants payable | $0 |
Deferred revenue | $18,942 |
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 | $458,958 |
Total liabilities | $521,714 |
Net assets without donor restrictions | $807,192 |
Net assets with donor restrictions | $0 |
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 | $1,328,906 |
Over the last fiscal year, we have identified 2 grants that Worcester Regional Tourism And Visitors Corporation has recieved totaling $525,000.
Awarding Organization | Amount |
---|---|
Worcester Regional Chamber Of Commerce Worcester, MA PURPOSE: PASS-THROUGH GRANT FROM THE CITY OF WORCESTER TO MARKET THE CITY'S HOSPITALITY INDUSTRY | $500,000 |
Fallon Community Health Plan Inc Worcester, MA PURPOSE: GENERAL SUPPORT | $25,000 |
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