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Washburn Park Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271189816 ✦ Worcester, MA ✦ Designated as a 501(c)(3)

Overview

What is Washburn Park Inc?

Washburn Park Inc is a nonprofit organization situated at 100 Institute Road, Worcester, MA 01609. Their primary mission is to aid in the economic development of distressed areas by offering office space, infrastructure, and parking facilities. This initiative relieves the burden of government and contributes to combating community deterioration, specifically in reclaimed brownfields. The organization operates exclusively for charitable purposes, focusing on uplifting the economic landscape of distressed areas through their facilities.


Is Washburn Park Inc legitimate?

Washburn Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washburn Park Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Washburn Park Inc?
Who is the CEO of Washburn Park Inc?
What is the revenue of Washburn Park Inc?
Who are the executives of Washburn Park Inc and what are their salaries?
Where can I find the form 990 for Washburn Park Inc?

Mission Statement of Washburn Park Inc

Washburn Park Inc, a nonprofit organization, is committed to operating exclusively for charitable purposes. Its mission is to contribute to economic development by providing office space, infrastructure, and parking facilities in a distressed area. By doing so, Washburn Park Inc aims to alleviate the burden of government, offering much-needed aid in the reclamation of brownfields. This initiative not only combats community deterioration but also plays a significant role in promoting economic growth in the area.

Impact

This information is meant to be a general summary of Washburn Park Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Washburn Park Inc's impact is significant in providing office space, infrastructure, and parking facilities in a distressed area. By owning and operating an office building and an 880-space garage facility, Washburn Park Inc aids in the economic development of the community, specifically focusing on reclaimed brownfields in an economically distressed area. This organization's efforts lessen the burden on the government and help combat community deterioration by creating opportunities for businesses to thrive in an area that may have otherwise been neglected. Washburn Park Inc's mission to assist economic development through its charitable activities is instrumental in revitalizing the community and promoting public benefit.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $492,483
  • Gross Receipts: $492,483

    • Assets and Liabilities:
  • Total Assets: $37,099,195
  • Total Liabilities: $10,848,650
  • Net Assets: $26,250,545
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LEASE OF OFFICE SPACE

    Revenue

    $253,378

    PARKING LEASE INCOME

    Revenue

    $239,105

    Organization Details

    Founding Year

    2009

    Principal Officer

    Jinliu Wang

    Main Address

    100 INSTITUTE ROAD, WORCESTER, MA, 01609

    NTEE Category

    Code: W02 - Public benefit

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