Nonprofit · EIN 83-2860571
DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT INC
Tax-exempt · WORCESTER, MA 01608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,496,633 | $1,740,609 | -$243,976 | $1,034,255 | $299,936 | $734,319 |
| June 30, 2024 | 990 | $1,311,887 | $1,291,879 | $20,008 | $1,165,355 | $187,060 | $978,295 |
| June 30, 2023 | 990 | $1,342,253 | $1,097,014 | $245,239 | $1,205,524 | $247,237 | $958,287 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $263,552
- of which government grants
- $240,402
- Program service revenue
- $1,215,742
- Investment income
- $10,508
- Other revenue
- $6,831
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $310,432
- Salaries, compensation and benefits (total)
- $383,340
- Professional fundraising fees
- $0
- Legal fees
- $3,283
- Accounting fees
- $14,750
- Occupancy
- $24,721
- Travel
- $330
- Depreciation
- $31,011
- Program services (functional)
- $1,433,625
- Management and general (functional)
- $288,385
- Fundraising (functional)
- $18,599
Balance sheet and other
- Total assets, start of year
- $1,165,355
- Total assets, end of year
- $1,034,255
- Total liabilities, end of year
- $299,936
- Net assets, end of year
- $734,319
- Land, buildings and equipment
- $52,275
- Net assets without donor restrictions
- $592,773
- Net assets with donor restrictions
- $141,546
- Gross receipts
- $1,496,633
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2018
- 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 |
|---|---|---|---|
| TROY SIEBELS | TREASURER Trustee or director, Officer | 1 | $0 |
| MARY SIMONE | CLERK Trustee or director, Officer | 0.25 | $0 |
| JULIE HOLSTROM | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| MARK BORENSTEIN | DIRECTOR Trustee or director | 0.5 | $0 |
| JOFFREY SMITH | DIRECTOR Trustee or director | 0.75 | $0 |
| JULIAN WADE | CHAIR Trustee or director, Officer | 2 | $0 |
| MARGARET WONG | DIRECTOR Trustee or director | 0.5 | $0 |
| PAUL MORANO | DIRECTOR Trustee or director | 0.75 | $0 |
| SEAN HARRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| EVELYN CABRERA | DIRECTOR Trustee or director | 0.5 | $0 |
| SETH PITTS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TROY SIEBELS | TREASURER Trustee or director, Officer | 1 | $0 |
| PETER ALDEN | FORMER TREASURER Trustee or director, Officer | 1 | $0 |
| CHARLES F NORTON | CLERK Trustee or director, Officer | 0.25 | $0 |
| JULIE HOLSTROM | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| MARY SIMONE | DIRECTOR Trustee or director | 0.5 | $0 |
| JOFFREY SMITH | DIRECTOR Trustee or director | 0.75 | $0 |
| JULIAN WADE | CHAIR Trustee or director, Officer | 2 | $0 |
| MARGARET WONG | DIRECTOR Trustee or director | 0.5 | $0 |
| CATHERYN MCEVOY | DIRECTOR Trustee or director | 0.5 | $0 |
| PAUL MORANO | DIRECTOR Trustee or director | 0.75 | $0 |
| SEAN HARRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| EVELYN CABRERA | DIRECTOR Trustee or director | 0.5 | $0 |
| SETH PITTS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TROY SIEBELS | DIRECTOR Trustee or director | 0.5 | $0 |
| PETER ALDEN | TREASURER/DIRECTOR Trustee or director, Officer | 2 | $0 |
| CHARLES F NORTON | CLERK/DIRECTOR Trustee or director | 0.5 | $0 |
| JULIE HOLSTROM | PRESIDENT/DIRECTOR Trustee or director, Officer | 3 | $0 |
| MARY SIMONE | DIRECTOR Trustee or director | 1 | $0 |
| JOFFREY SMITH | DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| JULIAN WADE | VICE CHAIR/ DIRECTOR Trustee or director, Officer | 2 | $0 |
| MARGARET WONG | DIRECTOR Trustee or director | 0.5 | $0 |
| CATHERYN MCEVOY | DIRECTOR Trustee or director | 0.5 | $0 |
| LETICIA MEDINA-RICHMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| JASON VUONG | DIRECTOR Trustee or director | 0.25 | $0 |
| PAUL MORANO | DIRECTOR Trustee or director | 1 | $0 |
| SEAN HARRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| DEBBIE HALL | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 44 PORTLAND ST 3RD FLOOR, WORCESTER, MA 01608-2023
- Principal officer (990 for 2024)
- JULIAN WADE, 44 PORTLAND STREET 3RD FLOOR, WORCESTER, MA 01608
- Signed the 990
- JULIAN WADE, CHAIR
- Phone
- (508) 622-3050
- Website
- DOWNTOWNWORCESTER.ORG
- Return prepared by
- O'CONNOR MALONEY & CO CPA'S
Mission
TO DEVELOP, IMPLEMENT, MANAGE, OPERATE, ENHANCE AND PROMOTE THE GENERAL WELFARE OF THE PEOPLE WITHIN THE DESIGNATED DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT (THE DISTRICT), THROUGH ACTIVITIES, PROGRAMS, AND SERVICES TO INCLUDE BUT NOT BE LIMITED TO MARKETING, MAINTENANCE, SECURITY, PLANNING, AND PHYSICAL IMPROVEMENTS TO THE DISTRICT ALL BEING SUPPLEMENTAL TO THOSE PROVIDED BY THE CITY OF WORCESTER.
Program accomplishments
- TO IMPROVE THE DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICTExpenses $1,433,625 · revenue $1,222,573
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
- 83-2860571
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,034,255
- Income (IRS master file)
- $1,496,633
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,496,633 | $1,740,609 | $1,034,255 | XML |
| 990 | June 2024 | $1,311,887 | $1,291,879 | $1,165,355 | XML |
| 990 | June 2023 | $1,342,253 | $1,097,014 | $1,205,524 | XML |
| 990 | June 2022 | $1,217,597 | $1,132,177 | $854,907 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 83-2860571).
Questions about DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT INC
- What is the EIN of DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT INC?
- The employer identification number (EIN) of DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT INC is 83-2860571.
- Is DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT 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 DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT 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 DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT 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 DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended June 30, 2025 names JULIAN WADE.
- Who are the officers and directors of DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN WORCESTER BUSINESS IMPROVEMENT DISTRICT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,496,633, expenses of $1,740,609 and total assets of $1,034,255 at year end.
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