Creative Hub Worcester Inc
- Assets
- $4.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Worcester, MA
- Founding
- 07/2016
- Data as of
- 01/2024
- EIN
- 81-2613929
Organization Overview
Creative Hub Worcester Inc is located in Worcester, MA. The organization was established in 2016. As of 01/2024, Creative Hub Worcester Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Hub Worcester 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 01/2024, Creative Hub Worcester Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.4% each year . All expenses for the organization totaled $684.0k during the year ending 01/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO SUPPORT OUR LOCAL COMMUNITY THROUGH PROVIDING ACCESSIBLE ARTS PROGRAMS, COMMUNITY OUTREACH, CULTURALLY FOCUSED EVENTS, AND OFFERING A SAFE AND WELCOMING SPACE AND PLATFORM FOR OTHER ARTS AND COMMUNITY-ORIENTED ORGANIZATIONS TO GROW AND SUSTAIN THEIR PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S AFTER SCHOOL PROGRAM RAN REMOTE LEARNING AND SUMMER PROGRAMMING FOR THE FIRST TIME IN 2020. SERVED OVER 50 CHILDREN TOTAL; MAJORITY DCF CHILDREN AND SINGLE-PARENT HOUSEHOLDS. HIRED 2 NEW PART-TIME STAFF AND A PROGRAM ADMINISTRATOR
THE ORGANIZATION LAUNCHED A MOBILE ART VAN, PROVIDING ART WORKSHOPS FREE TO THE COMMUNITY ALL OVER WORCESTER. INSTALLED 3 PUBLIC ART DISPLAYS IN PARTNERSHIP WITH THE CITY OF WORCESTER AND HELD 3 EXHIBITIONS AT OUR AURORA GALLERY SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Mcshea Secretary | OfficerTrustee | 1 | $0 |
Penn Ruderman Director | Trustee | 1 | $0 |
Jeff Cammuso Director | Trustee | 1 | $0 |
Cara Lisa Berg Powers Director | Trustee | 1 | $0 |
Maryanne Hammond Director | Trustee | 1 | $0 |
Jess Baer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $884,795 |
| All other contributions, gifts, grants, and similar amounts not included above | $755,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,639,938 |
| Total Program Service Revenue | $228,318 |
| Investment income | $12,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,903,273 |
| 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. | $214,538 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,043 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,924 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,838 |
| Office expenses | $2,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,587 |
| Travel | $11,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,891 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,747 |
| Insurance | $32,216 |
| All other expenses | $15,744 |
| Total functional expenses | $684,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,279,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $187,500 |
| Accounts receivable, net | $253,190 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,905,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,364 |
| Total assets | $4,636,934 |
| Accounts payable and accrued expenses | $142,353 |
| 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 | $250,000 |
| Other liabilities | $1,276,000 |
| Total liabilities | $1,668,353 |
| Net assets without donor restrictions | $1,673,081 |
| Net assets with donor restrictions | $1,295,500 |
| 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 | $4,636,934 |