Form 990 for tax year 2024

Totals

Total revenue

$6,391,383

Total expenses

$6,173,147

Contributions and grants received

$3,484,882

Grants paid

$0

Program service revenue

$2,906,501

Investment income

$0

Other revenue

$0

Total assets, end of year

$2,640,215

Total liabilities, end of year

$1,433,487

Net assets or fund balances, end of year

$1,206,728

Program services expenses (Part IX)

$5,576,061

Management and general expenses

$489,161

Fundraising expenses

$107,925

Program service expenses (Part III)

$5,576,061

Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• KEYS2WORK, INC. IS A TYPE I SUPPORTING ORGANIZATION OF WORKFORCE, INC., ORGANIZED, OPERATED, AND CONTROLLED BY WORKFORCE, INC. EXCLUSIVELY TO FURTHER WORKFORCE, INC.'S EXEMPT PURPOSES. KEYS2WORK EXISTS TO SUPPORT AND EXTEND THE WORKFORCE DEVELOPMENT AND REENTRY ACTIVITIES OF WORKFORCE, INC. D/B/A RECYCLEFORCE.KEYS2WORK OPERATES AS A NONPROFIT ALTERNATIVE STAFFING EMPLOYMENT SOCIAL ENTERPRISE AND FUNCTIONS AS THE NEXT STAGE IN RECYCLEFORCE'S EMPLOYMENT CONTINUUM. KEYS2WORK EMPLOYS INDIVIDUALS WHO ARE CURRENT OR FORMER PARTICIPANTS IN RECYCLEFORCE'S EMPLOYMENT SOCIAL ENTERPRISE AND PLACES THEM INTO TEMPORARY-TO-PERMANENT OR DIRECT-HIRE POSITIONS WITH EMPLOYER PARTNERS. THESE PLACEMENTS BUILD UPON THE TRAINING, CREDENTIALS, AND WORK READINESS PARTICIPANTS DEVELOPED DURING THEIR INITIAL TRANSITIONAL EMPLOYMENT AT RECYCLEFORCE.KEYS2WORK'S ACTIVITIES ARE FULLY INTEGRATED WITH RECYCLEFORCE'S ABC MODEL: ANY JOB - BETTER JOB - CAREER, A TRADEMARKED WORKFORCE DEVELOPMENT FRAMEWORK DESIGNED TO REDUCE RECIDIVISM AND PROMOTE LONG-TERM ECONOMIC MOBILITY. UNDER THIS MODEL, RECYCLEFORCE PROVIDES IMMEDIATE PAID EMPLOYMENT ("ANY JOB"), WHILE KEYS2WORK FACILITATES ADVANCEMENT INTO HIGHER-WAGE AND PERMANENT EMPLOYMENT ("BETTER JOB AND "CAREER"). THE ABC MODEL IS RECOGNIZED NATIONALLY AS A NOTABLE PRACTICE.PUBLIC BENEFIT AND OUTCOMES - THROUGH ITS ALTERNATIVE STAFFING AND PLACEMENT ACTIVITIES, KEYS2WORK SUPPORTS RECYCLEFORCE'S CRIME PREVENTION AND WORKFORCE DEVELOPMENT STRATEGY BY INCREASING EARNED INCOME, EMPLOYMENT STABILITY, AND CAREER ADVANCEMENT FOR RETURNING CITIZENS. IN COORDINATION WITH RECYCLEFORCE, THE MODEL CONTRIBUTES TO REDUCED RECIDIVISM (17% FOR INDIVIDUALS SERVED IN FY 2023, COMPARED TO STATE AND NATIONAL RATES), INCREASED TAX REVENUE, HIGHER CHILD SUPPORT COMPLIANCE, REDUCED INCARCERATION AND PUBLIC ASSISTANCE COSTS, AND IMPROVED EMPLOYER ACCESS TO RELIABLE LABOR.SERVICE APPROACH - KEYS2WORK SUPPORTS A PARTICIPANT-CENTERED EMPLOYMENT MODEL THAT INCLUDES:1)EARNED WAGES: LIVING-WAGE EMPLOYMENT, BEGINNING AT $15.00 PER HOUR.2)FLEXIBLE SCHEDULING: WORK SCHEDULES THAT ACCOMMODATE EDUCATION, TRAINING, AND CRIMINAL JUSTICE OBLIGATIONS.3)EMPLOYMENT CONTINUITY: FLEXIBLE TEMPORARY ASSIGNMENTS WHILE PARTICIPANTS COMPLETE TRAINING AND CREDENTIALING INITIATED AT RECYCLEFORCE, FOLLOWED BY PLACEMENT INTO PERMANENT EMPLOYMENT.4)LEADERSHIP DEVELOPMENT: OPPORTUNITIES FOR EXPERIENCED PARTICIPANTS TO SERVE AS PEER MENTORS AND TEAM LEADERS.FUNDING - KEYS2WORK IS FUNDED THROUGH GRANTS AND EARNED REVENUE GENERATED FROM ITS NONPROFIT ALTERNATIVE STAFFING SERVICES.FOOTNOTE - RECYCLEFORCE, INC. TRANSITIONAL JOBS PROGRAM (ABC MODEL), RECOGNIZED AS A NOTABLE PRACTICE BY BLUEPRINTS FOR HEALTHY YOUTH DEVELOPMENT.HTTPS://WWW.BLUEPRINTSPROGRAMS.ORG/PROGRAMS/1639999999/TRANSITIONAL-JOBS-PROGRAM-RECYCLEFORCE/

  Expenses $5,576,061 · Revenue $2,906,501

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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, and on a Form 990-PF Part VIII's — 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

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• WORKFORCE INC

  501(C)(3) · TO STRENGTHEN COMMUNITIES BY HELPING EMPLOYERS BUILD A BETTER WORKFORCE. · IN

Provenance

Return type

form_990

Tax year

2024

Filed

22 December 2025

IRS schema version

2024v5.2

Source object

202533579349300043

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