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Nonprofiteer
← WORKMONEY INC

Form 990 for tax year 2023

Filed by WORKMONEY INC.

Totals

Total revenue
$41,363,418
Total expenses
$29,430,974
Contributions and grants received
$41,096,499
Grants paid
$250,000
Program services expenses (Part IX)
$25,918,503
Management and general expenses
$2,795,183
Fundraising expenses
$717,288
Program service expenses (Part III)
$25,918,503

Program services were 88.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CARRIE JOY GRIMES

    PRESIDENT & CEO

    Total calculated
    $141,814
    From this org
    $116,119
    From related orgs
    $0
    Other
    $25,695
    Hours/week
    24

  • IVY BROWN

    CHIEF MARKETING OFFICER

    Total calculated
    $329,272
    From this org
    $293,654
    From related orgs
    $0
    Other
    $35,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,654
    Bonus
    $0
    Other
    $0
    Deferred
    $12,462
    Nontaxable benefits
    $23,156
    Filer's total
    $329,272

  • RACHEL LAUTER

    CHIEF STRATEGY OFFICER

    Total calculated
    $250,737
    From this org
    $235,303
    From related orgs
    $0
    Other
    $15,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,303
    Bonus
    $0
    Other
    $0
    Deferred
    $14,118
    Nontaxable benefits
    $1,316
    Filer's total
    $250,737

  • WINSOR ALDEBORGH

    VP DATA & ANALYTICS

    Total calculated
    $256,181
    From this org
    $224,814
    From related orgs
    $0
    Other
    $31,367
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,814
    Bonus
    $0
    Other
    $0
    Deferred
    $13,172
    Nontaxable benefits
    $18,195
    Filer's total
    $256,181

  • ANJALI SAKARIA

    CHIEF ADVOCACY OFFICER

    Total calculated
    $235,433
    From this org
    $220,865
    From related orgs
    $0
    Other
    $14,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,865
    Bonus
    $0
    Other
    $0
    Deferred
    $13,252
    Nontaxable benefits
    $1,316
    Filer's total
    $235,433

  • KYLE SHEPHERD

    VP DIGITAL ENGAGEMENT

    Total calculated
    $261,540
    From this org
    $219,533
    From related orgs
    $0
    Other
    $42,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,533
    Bonus
    $0
    Other
    $0
    Deferred
    $13,172
    Nontaxable benefits
    $28,835
    Filer's total
    $261,540

  • MICHAEL M ENRIQUEZ

    VP FIELD

    Total calculated
    $242,899
    From this org
    $219,533
    From related orgs
    $0
    Other
    $23,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,533
    Bonus
    $0
    Other
    $0
    Deferred
    $13,172
    Nontaxable benefits
    $10,194
    Filer's total
    $242,899

  • SARAH LAYTON

    VP FINANCE & OPERATIONS

    Total calculated
    $242,696
    From this org
    $219,533
    From related orgs
    $0
    Other
    $23,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,533
    Bonus
    $0
    Other
    $0
    Deferred
    $13,172
    Nontaxable benefits
    $9,991
    Filer's total
    $242,696

  • TIFFANY FERGUSON

    VP PEOPLE OPERATIONS

    Total calculated
    $242,084
    From this org
    $219,533
    From related orgs
    $0
    Other
    $22,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,533
    Bonus
    $0
    Other
    $0
    Deferred
    $13,172
    Nontaxable benefits
    $9,379
    Filer's total
    $242,084

  • PETE DAVIES

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BRINA MILIKOWSKY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NICK HANAUER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
IN 2021 THE BOARD OF DIRECTORS OF WORKMONEY, INC. HELD A SPECIAL MEETING. CARRIE JOY GRIMES, DIRECTOR OF THE ORGANIZATION, DID NOT ATTEND THE EXECUTIVE SESSION PORTION OF THE MEETING AT WHICH THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER WAS REVIEWED AND APPROVED. AN ANNUAL SALARY AND ASSOCIATED EMPLOYEE BENEFITS WERE APPROVED, PURSUANT TO THE DEFINITION OF REASONABLE COMPENSATION UNDER INTERNAL REVENUE CODE SECTION 162. THE 2020 REGIONAL PAY NON-PROFIT REPORT PROVIDED THE BASIS FOR THE DETERMINED REASONABLE COMPENSATION. PURSUANT TO WORKMONEY'S CONFLICT OF INTEREST POLICY, CARRIE JOY GRIMES DID NOT CONSENT TO THIS RESOLUTION. IN 2023, THE BOARD OF DIRECTORS OF WORKMONEY, INC. APPROVED A COST OF LIVING ADJUSTMENT TO THE SALARY OF THE CHIEF EXECUTIVE OFFICER VIA AN E-VOTE ON SEPTEMBER 20, 2023. PURSUANT TO WORKMONEY'S CONFLICT OF INTEREST POLICY, CARRIE JOY GRIMES DID NOT CONSENT TO THIS RESOLUTION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349325773

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