Nonprofit · EIN 90-0542706
WORCLAB INC
Tax-exempt · WORCESTER, MA 01608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $241,973 | $247,629 | -$5,656 | $158,371 | $0 | $158,371 |
| December 31, 2024 | 990 | $210,184 | $191,980 | $18,204 | $164,027 | $0 | $164,027 |
| December 31, 2023 | 990 | $231,873 | $189,099 | $42,774 | $145,821 | $0 | $145,821 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $241,973
- of which government grants
- $77,950
- Membership dues
- $154,023
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $62,493
- Salaries, compensation and benefits (total)
- $70,385
- Professional fundraising fees
- $0
- Occupancy
- $93,460
- Depreciation
- $7,564
- Program services (functional)
- $176,003
- Management and general (functional)
- $71,626
Balance sheet and other
- Total assets, start of year
- $164,027
- Total assets, end of year
- $158,371
- Total liabilities, end of year
- $0
- Net assets, end of year
- $158,371
- Land, buildings and equipment
- $44,626
- Net assets without donor restrictions
- $158,371
- Gross receipts
- $241,973
- Employees
- 1
- Volunteers
- 7
- Year formed
- 2010
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY GENOVESI | CHAIRMAN & EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $0 |
| LINDA LOOFT | TREASURER Trustee or director, Officer | 1 | $0 |
| JACK FOLEY | CLERK Trustee or director, Officer | 1 | $0 |
| MICHAEL COOPER | DIRECTOR Trustee or director | 1 | $0 |
| GREG CRONIN | DIRECTOR Trustee or director | 1 | $0 |
| ELYSON DOS SANTOS | DIRECTOR Trustee or director | 1 | $0 |
| JULIAN WADE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY GENOVESI | CHAIRMAN Trustee or director | 1 | $0 |
| JULIAN WADE | DIRECTOR Trustee or director | 1 | $0 |
| ELYSON DOS SANTOS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL COOPER | DIRECTOR Trustee or director | 1 | $0 |
| GREG CRONIN | DIRECTOR Trustee or director | 1 | $0 |
| LINDA LOOFT | TREASURER Officer | 1 | $0 |
| JACK FOLEY | DIRECTOR Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY GENOVESI | CHAIRMAN Trustee or director | 1 | $0 |
| JULIAN WADE | DIRECTOR Trustee or director | 1 | $0 |
| ELYSON DOS SANTOS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL COOPER | DIRECTOR Trustee or director | 1 | $0 |
| GREG CRONIN | DIRECTOR Trustee or director | 1 | $0 |
| LINDA LOOFT | TREASURER Officer | 1 | $0 |
| JACK FOLEY | CLERK Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 44 PORTLAND STREET 4TH FLOOR, WORCESTER, MA 01608-2023
- In care of
- % JOSEPH BUSH
- Principal officer (990 for 2025)
- LINDA LOOFT, 12 BALDWIN STREET, LEICESTER, MA 01524
- Signed the 990
- LINDA LOOFT, TREASURER
- Phone
- (508) 751-4639
- Website
- WORCLAB.COM
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
WE AIM TO BE A COLLABORATIVE, DIVERSE AND INSPIRING COMMUNITY WHERE INNOVATORS CAN LAUNCH AND GROW THEIR BUSINESS. WORCLAB'S INCUBATOR FACILITIES LOWER THE BARRIER TO SUCCESS FOR STARTUPS BY PROVIDING COST-EFFECTIVE OFFICES AND PROTOTYPING SPACE, EQUIPMENT, RESOURCES AND PROGRAMMING.
Program accomplishments
- PROVIDE A RANGE OF SERVICES AND DEVELOPMENT OPPORTUNITIES TO EARLY STAGE ORGANIZATIONS, INCLUDING COST EFFECTIVE OFFICES AND PROTOTYPING SPACE, EQUIPMENT, AND PROGRAMMING.Expenses $176,003
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 90-0542706
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C35)
- Assets (IRS master file)
- $158,371
- Income (IRS master file)
- $241,973
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $241,973 | $247,629 | $158,371 | XML |
| 990 | December 2024 | $210,184 | $191,980 | $164,027 | XML |
| 990 | December 2023 | $231,873 | $189,099 | $145,821 | XML |
| 990 | December 2022 | $172,546 | $184,002 | $103,047 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 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 90-0542706).
Questions about WORCLAB INC
- What is the EIN of WORCLAB INC?
- The employer identification number (EIN) of WORCLAB INC is 90-0542706.
- Is WORCLAB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to WORCLAB INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORCLAB 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 WORCLAB INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORCLAB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WORCLAB INC?
- The 990 for the year ended December 31, 2025 names LINDA LOOFT.
- Who are the officers and directors of WORCLAB INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does WORCLAB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $241,973, expenses of $247,629 and total assets of $158,371 at year end.
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