Woosox Foundation Inc
- Assets
- $1.1m
- Revenue
- $859.5k
- Investments
- $141.8k
- Employees
- 0
- Location
- Worcester, MA
- Founding
- Data as of
- 12/2023
- EIN
- 84-4493547
Organization Overview
Woosox Foundation Inc is located in Worcester, MA. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woosox Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Woosox Foundation Inc has awarded 167 individual grants totaling $472,191. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
50/50 RAFFLE: THE WOOSOX FOUNDATION TAKES PRIDE IN THIER PARTNERSHIPS WITH VARIOUS LOCAL AREA CHARITIES. OUR IN-GAME PROMOTION, 50/50 RAFFLE, SELLS RAFFLE TICKETS WEEKLY THROUGOUT POLAR PARK AND ONLINE UNTIL THE END OF EACH GAME. THE WINNING NUMBER IS ACCOUNCED AT 10AM ON MONDAY MORNINGS AND POSTED ALONG WITH THE OFFICIAL RULES. ONE LUCKY FAN WINS HALF OF THE PROCEEDS COLLECTED FROM THE RAFFLE. THE REMAINING FIFTY PERCENT OF THE MONEY RAISED FROM THIS PROMOTION WILL BENEFIT THE WOOSOX FOUNDATION. WE THANK OUR PARTNERS AS WELL AS OUR FANS FOR THEIR CONTINUOUS SUPPORT IN ALL WOOSOX COMMUNITY PROGRAMS. THE EXPENSE INCLUDE THE SOFTWARE NEEDED TO SELL AND MONITOR THE TICKETS.
HOLIDAY CARAVAN: THE WOOSOX FOUNDATION HOLIDAY CARAVAN SPREADS JOY AROUND CENTRAL MASSACHUSETTS. THE CARAVAN, FUNDED BY GENEROUS DONORS FROM OUR COMMUNITY, TRAVELS TO DIFFERENT COMMUNITIES AND PLACES DELIVERING GOODS TO THE PEOPLE. THE HOLIDAY CARAVAN HAS HELPED SERVE BREAKFAST TO THOSE IN NEED IN THE CANAL DISTRICT, HELPED DELIVER TOILETRIES AND HOUSEHOLD SUPPLIES TO A SHELTER IN WORCESTER, AND PROVIDED BOARD GAMES, BOOKS AND ARTS & CRAFTS TO CHILDREN AT UMASS MEMORIAL CHILDREN'S MEDICAL CENTER, TO NAME A FEW. WE THANK ALL THE GENEROUS DONORS THAT HAVE HELPED TO MAKE THIS POSSIBLE. THE EXPENSES INCLUDE THE COSTS OF OPERATING THE CARAVAN ALONG WITH THE GOODS AND PRODUCTS THAT ARE PROVIDED DURING EACH TRIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Steinberg President | 5 | $0 | |
Larry Lucchino Director | 1 | $0 | |
Mike Tamburro Director | 1 | $0 | |
Jack Verducci Director | 1 | $0 | |
Steve Oliveira Director | 1 | $0 | |
Kim Miner Clerk/director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $256,776 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,507 |
| Capital Gain Net Income | $7,507 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $593,990 |
| Total Revenue | $859,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $86,754 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,480 |
| Depreciation | $27,293 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $410,901 |
| Total operating and administrative expenses | $534,812 |
| Contributions, gifts, grants paid | $179,196 |
| Total expenses and disbursements | $714,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,605 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $18,200 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $939 |
| Net Investments - land, buildings, equipment | $298,308 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $500 |
| Total assets | $1,056,363 |
| Accounts payable and accrued expenses | $32,077 |
| Grants payable | $82,243 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $144,252 |
| Total liabilities | $258,572 |
Grants Awarded
Over the last fiscal year, Woosox Foundation Inc has awarded $179,196 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
2GETHER WE EAT INC PURPOSE: ORGANIZATION SUPPORT | $1,000 |
A FAITH THAT DOES JUSTICE INC PURPOSE: ORGAIZATION SUPPORT | $5,000 |
ABMI PURPOSE: ORGANIZATION SUPPORT | $100 |
ADULT & TEEN CHALLENGE GREATER BOSTON PURPOSE: ORGANIZATION SUPPORT | $300 |
ADVOCATES INC PURPOSE: ORGANIZATION SUPPORT | $500 |
ASTHMA & ALLERGY FOUNDATION OF AMERICA NEW ENGLAND CHAPTER PURPOSE: ORGANIZATION SUPPORT | $500 |