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Worclab Inc

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

EIN: 900542706 ✦ Worcester, MA ✦ Designated as a 501(c)(3)

Overview

What is Worclab Inc?

Worclab Inc is a dynamic and collaborative nonprofit organization based in Worcester, Massachusetts. It offers a supportive environment for early-stage innovators, providing a range of services and development opportunities. Located at 44 Portland Street, 4th Floor, Worclab Inc offers cost-effective offices and prototyping space, essential equipment, resources, and programming. Their mission is to foster a diverse and inspiring community, enabling innovators to launch and grow their businesses, thereby lowering the barrier to success for startups. With a dedicated team of two, Worclab Inc serves as a launchpad for innovation and growth in Worcester, Massachusetts.


Official website here: www.worclab.com

Is Worclab Inc legitimate?

Worclab Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worclab 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: $51,923

For more financial information, click here


Official website here: www.worclab.com

What is the mission statement of Worclab Inc?

Worclab Inc's mission is to create a supportive, diverse, and inspiring environment where innovators can launch and grow their businesses. By offering cost-effective offices and prototyping space, equipment, resources, and programming, Worclab Inc aims to lower the barriers to success for startups. The organization provides a variety of services and development opportunities to early-stage organizations, fostering an ecosystem that encourages innovation and growth.


Official website here: www.worclab.com

Who is the CEO of Worclab Inc?

Linda Looft is the Director of Worclab Inc.


Official website here: www.worclab.com

What is the revenue of Worclab Inc?

Worclab Inc's revenue in 2022 was $172,546.


Official website here: www.worclab.com

Who are the executives of Worclab Inc and what are their salaries?

The average compensation at Worclab Inc during 2022 was $25,962. There are 2 employees at Worclab Inc.

Here are 7 key members and their salaries:

    Michael Cooper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Cronin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Genovesi (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elyson Dos Santos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julian Wade (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Foley (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Looft (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.worclab.com

    Where can I find the form 990 for Worclab Inc?

    The Worclab Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.worclab.com

    Learn more at the official website: www.worclab.com

    Mission Statement of Worclab Inc

    Worclab Inc, a dynamic and inclusive community, is committed to fostering an environment where innovative entrepreneurs can establish and grow their businesses. The organization's mission lies in lowering the barriers to success for startups, offering cost-effective offices and prototyping spaces, equipping them with necessary resources and programming. By doing so, Worclab Inc aims to provide a comprehensive suite of services and development opportunities to early-stage organizations, enabling them to launch and prosper in their respective fields.

    Impact

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




    Tuesday, June 18, 2024

    Worclab Inc's impact lies in fostering a collaborative and diverse community where innovators can thrive and grow their businesses. By offering cost-effective offices, prototyping space, equipment, resources, and programming, Worclab's incubator facilities play a crucial role in lowering the barriers to success for startups. Through their range of services and development opportunities for early-stage organizations, Worclab empowers entrepreneurs to innovate and bring their ideas to life. Their mission to create an inspiring environment for business growth contributes positively to the entrepreneurial ecosystem in Worcester, MA, ultimately driving economic development and fostering a culture of innovation.





    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: $0
  • Gross Receipts: $172,546

    • Assets and Liabilities:
  • Total Assets: $103,047
  • Total Liabilities: $0
  • Net Assets: $103,047
  • Organization Details

    Founding Year

    2010

    Principal Officer

    Linda Looft

    Main Address

    44 PORTLAND STREET 4TH FLOOR, WORCESTER, MA, 01608

    NTEE Category

    Code: C35 - Environment

    If you are a representative of Worclab Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.