Nonprofit · EIN 22-3248067
WORCESTER STATE FOUNDATION INC
Tax-exempt · WORCESTER, MA 01602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,111,508 | $3,090,172 | $12,021,336 | $61,102,956 | $1,756,875 | $59,346,081 |
| June 30, 2024 | 990 | $3,305,146 | $2,801,436 | $503,710 | $54,238,733 | $2,187,648 | $52,051,085 |
| June 30, 2023 | 990 | $8,251,574 | $1,976,615 | $6,274,959 | $48,675,342 | $1,550,006 | $47,125,336 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,574,296
- Program service revenue
- $0
- Investment income
- $9,548,228
- Net gain from sales of assets
- $8,046,198
- Net income from fundraising events
- -$11,016
- Other revenue
- -$11,016
Expenses
- Grants and similar amounts paid
- $2,960,336
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $34,784
- Program services (functional)
- $3,022,449
- Management and general (functional)
- $67,723
Balance sheet and other
- Total assets, start of year
- $54,238,733
- Total assets, end of year
- $61,102,956
- Total liabilities, end of year
- $1,756,875
- Net assets, end of year
- $59,346,081
- Land, buildings and equipment
- $612,376
- Publicly traded securities
- $47,796,852
- Net assets without donor restrictions
- $5,801,388
- Net assets with donor restrictions
- $53,544,693
- Gross receipts
- $30,670,231
- Employees
- 0
- Volunteers
- 359
- Year formed
- 1994
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| THOMAS M MCNAMARA | PRESIDENT/CLERK Trustee or director, Officer | 2 | $0 | $230,385 |
| CRAIG A BOVAIRD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANN L DEBAISIO | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KEVIN T CAMPBELL | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARYBETH CAMPBELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWARD L SHERR | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JOHN R BUCKLEY III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GRETA BAJRAMI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID E BEDARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN P BRISSETTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARY BURKE FALLON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIEL F FIGUEIREDO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEOVANNA I DIAZ-CHAVEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALLEN J FALKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEPHANIE L RAMEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
30 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARYANNE M HAMMOND | DIRECTOR Trustee or director | 2 | $0 |
| WARREN D HAYDEN | DIRECTOR Trustee or director | 2 | $0 |
| ALAN I GORDON | DIRECTOR Trustee or director | 2 | $0 |
| DEREK CANTON | DIRECTOR Trustee or director | 2 | $0 |
| SANDRA HUBBARD | DIRECTOR Trustee or director | 2 | $0 |
| HELDER MACHADO | DIRECTOR Trustee or director | 2 | $0 |
| DOROTHY J MANNING | DIRECTOR Trustee or director | 2 | $0 |
| ROSANNE MATULAITIS | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL J MILLS | DIRECTOR Trustee or director | 2 | $0 |
| SATYA MITRA | VICE-CHAIR Trustee or director | 2 | $0 |
| ROBERT MORTON | DIRECTOR Trustee or director | 2 | $0 |
| ALAN O OSMOWLOWSKI | DIRECTOR Trustee or director | 2 | $0 |
| GREGG H ROSEN | DIRECTOR Trustee or director | 2 | $0 |
| SHAREN C SHIPLEY | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT J SPAIN | DIRECTOR Trustee or director | 2 | $0 |
| PETER J STAITI | DIRECTOR Trustee or director | 2 | $0 |
| GEORGE W TETLER III | DIRECTOR Trustee or director | 2 | $0 |
| RANDAL D WEBBER | DIRECTOR Trustee or director | 2 | $0 |
| CATHERYN M MCEVOY | DIRECTOR Trustee or director | 2 | $0 |
| JAMES GLICKMAN | VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| MELANIE A BONSU | DIRECTOR Trustee or director | 2 | $0 |
| SETH PITTS | DIRECTOR Trustee or director | 2 | $0 |
| SUSAN M CITRO | DIRECTOR Trustee or director | 2 | $0 |
| OMOZUANVBO AISIKU | DIRECTOR Trustee or director | 2 | $0 |
| KIMBERLY SALMON | DIRECTOR Trustee or director | 2 | $0 |
| DIANA AISIKU | DIRECTOR Trustee or director | 2 | $0 |
| THERESA M DORSEY-POTTS | DIRECTOR Trustee or director | 2 | $0 |
| DANA F PERRY | DIRECTOR Trustee or director | 2 | $0 |
| BETH SANNELLA | DIRECTOR Trustee or director | 2 | $0 |
| ADI TIBREWAL | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 48 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| THOMAS M MCNAMARA | PRESIDENT/CLERK Trustee or director, Officer | 2 | $0 | $226,357 |
| CRAIG A BOVAIRD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANN L DEBAISIO | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KEVIN T CAMPBELL | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARYBETH CAMPBELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWARD L SHERR | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JOHN R BUCKLEY III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GRETA BAJRAMI CAMPOVERDE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID E BEDARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN P BRISSETTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARY BURKE FALLON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIEL F FIGUEIREDO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEOVANNA I DIAZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALLEN J FALKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIFER BEATON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARYANNE M HAMMOND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WARREN D HAYDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALAN I GORDON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEREK CANTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SANDRA HUBBARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HELDER MACHADO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOROTHY J MANNING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROSANNE MATULAITIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL J MILLS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SATYA MITRA | VICE-CHAIR Trustee or director | 2 | $0 | $0 |
| ROBERT MORTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUZANNE NEBELUNG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALAN O OSMOWLOWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBIN J QUILL | ASSISTANT TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| GREGG H ROSEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHAREN C SHIPLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT J SPAIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER J STAITI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEORGE W TETLER III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RANDAL D WEBBER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CATHERYN M MCEVOY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES GLICKMAN | VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ANDREW NGO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SETH PITTS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DINA NICHOLS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| OMOZUANVBO AISIKU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIMBERLY SALMON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DIANA AISIKU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THERESA M DORSEY-POTTS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH N GILGUN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KYRAM POU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MAUREEN F POWER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ADI TIBREWAL | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 47 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| THOMAS M MCNAMARA | PRESIDENT/CLERK Trustee or director, Officer | 2 | $0 | $222,838 |
| CRAIG A BOVAIRD | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ANN L DEBAISIO | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KEVIN T CAMPBELL | VIE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARYBETH CAMPBELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWARD L SHERR | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JOHN R BUCKLEY III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GRETA BAJRAMI CAMPOVERDE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID E BEDARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN P BRISSETTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARY BURKE FALLON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIEL F FIGUEIREDO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEOVANNA I DIAZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALLEN J FALKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER J GRONDIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIFER BEATON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARYANNE M HAMMOND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WARREN D HAYDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALAN I GORDON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEREK CANTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SANDRA HUBBARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HELDER MACHADO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOROTHY J MANNING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROSANNE MATULAITIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL J MILLS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SATYA MITRA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT MORTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUZANNE NEBELUNG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARBARA MAHONEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALAN O OSMOWLOWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SAMANTHA SANTIAGO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBIN J QUILL | ASSISTANT TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| GREGG H ROSEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHAREN C SHIPLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT J SPAIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER J STAITI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEORGE W TETLER III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT C MAILLOUX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RANDAL D WEBBER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CATHERYN M MCEVOY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES GLICKMAN | VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ANDREW NGO | EX OFFICIO Trustee or director | 2 | $0 | $0 |
| SETH PITTS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DINA NICHOLS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARRY MALONEY | EX OFFICIO Trustee or director | 2 | $0 | $0 |
| OMOZUANVBO AISIKU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIMBERLY SALMON | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 486 CHANDLER ST, WORCESTER, MA 01602-2861
- Principal officer (990 for 2024)
- EDWARD L SHERR, 486 CHANDLER STREET, WORCESTER, MA 01602
- Signed the 990
- EDWARD L SHERR, TREASURER
- Phone
- (508) 793-8033
- Return prepared by
- BOLLUS LYNCH LLP
Mission
THE MISSION OF THE WORCESTER STATE FOUNDATION IS TO PROMOTE THE GROWTH AND PROGRESS OF WORCESTER STATE UNIVERSITY BEYOND WHAT IS POSSIBLE WITH STATE FUNDING.
Program accomplishments
- PROVIDES FUNDS TO WORCESTER STATE UNIVERSITY FOR EXPENSES RELATED TO VARIOUS CAPITAL PROJECTS AND FUNDING OF VARIOUS EDUCATIONAL PROGRAMS AND INSTITUTES. INCLUDING LATINO EDUCATON INSTITUTE AND AN INTERNSHIP PROGRAM AS WELL AS VARIOUS OTHER PROGRAMS.Expenses $2,000,267 · grants $1,938,154
- SCHOLARSHIPS: TRANSFER OF FUNDS TO WORCESTER STATE UNIVERSITY FOR SCHOLARSHIPS AND AWARDS AWARDED TO STUDENTS.Expenses $1,022,182 · grants $1,022,182
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3248067
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B820)
- Assets (IRS master file)
- $61,102,956
- Income (IRS master file)
- $30,670,231
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,111,508 | $3,090,172 | $61,102,956 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $3,305,146 | $2,801,436 | $54,238,733 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $8,251,574 | $1,976,615 | $48,675,342 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $3,879,031 | $2,288,643 | $39,235,883 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3248067).
Questions about WORCESTER STATE FOUNDATION INC
- What is the EIN of WORCESTER STATE FOUNDATION INC?
- The employer identification number (EIN) of WORCESTER STATE FOUNDATION INC is 22-3248067.
- Is WORCESTER STATE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to WORCESTER STATE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORCESTER STATE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORCESTER STATE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORCESTER STATE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WORCESTER STATE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names EDWARD L SHERR.
- Who are the officers and directors of WORCESTER STATE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 45 people; 0 received compensation from the organization.
- How much revenue does WORCESTER STATE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,111,508, expenses of $3,090,172 and total assets of $61,102,956 at year end.
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