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Nonprofiteer
← OWNERSHIP WORKS INC

Form 990 for tax year 2023

Filed by OWNERSHIP WORKS INC.

Totals

Total revenue
$7,241,047
Total expenses
$7,109,625
Contributions and grants received
$7,118,061
Grants paid
$0
Program service revenue
$10,000
Investment income
$112,986
Other revenue
$0
Total assets, end of year
$36,634,563
Total liabilities, end of year
$2,516,022
Net assets or fund balances, end of year
$34,118,541
Program services expenses (Part IX)
$5,421,135
Management and general expenses
$1,022,697
Fundraising expenses
$665,793
Program service expenses (Part III)
$5,421,135

Program services were 76.3% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,118,061

  • 2a · Program service revenue: SERVICE REVENUE

    total $10,000 · related or exempt $10,000

  • 3 · Investment income

    total $112,986 · excluded $112,986

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $772,525 · program services $419,510 · management and general $250,370 · fundraising $102,645

  • 7 · Other salaries and wages

    total $3,110,659 · program services $2,739,021 · management and general $82,132 · fundraising $289,506

  • 8 · Pension plan contributions

    total $85,004 · program services $52,562 · management and general $20,023 · fundraising $12,419

  • 9 · Other employee benefits

    total $102,706 · program services $63,912 · management and general $23,727 · fundraising $15,067

  • 10 · Payroll taxes

    total $290,226 · program services $203,158 · management and general $58,046 · fundraising $29,022

  • 11c · Fees: accounting

    total $35,110 · management and general $35,110

  • 11g · Fees: other

    total $1,737,952 · program services $1,470,162 · management and general $118,199 · fundraising $149,591

  • 13 · Office expenses

    total $39,204 · program services $27,443 · management and general $7,841 · fundraising $3,920

  • 16 · Occupancy

    total $278,074 · program services $194,652 · management and general $55,615 · fundraising $27,807

  • 17 · Travel

    total $36,164 · program services $25,315 · management and general $7,233 · fundraising $3,616

  • 22 · Depreciation, depletion and amortization

    total $58,880 · program services $41,216 · management and general $11,776 · fundraising $5,888

  • 23 · Insurance

    total $29,669 · program services $20,768 · management and general $5,934 · fundraising $2,967

  • 24a · Other expenses: BAD DEBTS

    total $300,000 · management and general $300,000

  • 24b · Other expenses: EDUCATION AND TRAINING

    total $65,696 · program services $45,987 · management and general $13,139 · fundraising $6,570

  • 24c · Other expenses: RELOCATION

    total $63,034 · program services $44,124 · management and general $12,607 · fundraising $6,303

  • 24d · Other expenses: OFFICE EXPENSES

    total $40,493 · program services $28,345 · management and general $8,099 · fundraising $4,049

  • 24e · All other expenses

    total $64,229 · program services $44,960 · management and general $12,846 · fundraising $6,423

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,933,193 · end of year $12,397,733

  • 3 · Pledges and grants receivable

    beginning of year $25,084,008 · end of year $21,825,639

  • 9 · Prepaid expenses and deferred charges

    end of year $29,874

  • 10a · Land, buildings and equipment: cost or other basis

    $403,419

  • 10b · Land, buildings and equipment: accumulated depreciation

    $67,710

  • 10c · Land, buildings and equipment, net

    beginning of year $20,531 · end of year $335,709

  • 11 · Investments: publicly traded securities

    beginning of year $42,956 · end of year $65,662

  • 15 · Other assets

    beginning of year $530,742 · end of year $1,979,946

  • 17 · Accounts payable and accrued expenses

    beginning of year $647,017 · end of year $767,239

  • 25 · Other liabilities

    end of year $1,748,783

  • 27 · Net assets without donor restrictions

    beginning of year $33,964,413 · end of year $34,118,541

Mission and programs · 2023

Mission

PLEASE REFER TO PART I LINE 1

Activities or mission (Part I)

PART I, LINE 1 & PART, III LINE 1 - THE NONPROFIT'S MISSION IS TO RESEARCH, EDUCATE AND INFORM ABOUT THE BENEFITS OF AND METHODS TO ACHIEVE EMPLOYEE OWNERSHIP OF BUSINESSES IN ORDER TO ALIGN EMPLOYEES- AND OWNERS' INTERESTS AND CREATE WEALTH-BUILDING OPPORTUNITIES FOR LOW AND MODERATE-INCOME WORKERS.

  • OWNERSHIP WORKS' CORE PROGRAMS: SINCE OUR FOUNDING IN FEBRUARY 2021, OWNERSHIP WORKS ("O.W.") HAS GENERATED STRONG MOMENTUM AROUND SHARED OWNERSHIP AND SUCCESSFULLY HARNESSED IT TO DRIVE PROGRAM ADOPTION. O.W.'S CORE PROGRAMS ARE: (1) HANDS-ON GUIDANCE TO HELP INVESTORS AND PUBLIC AND PRIVATE COMPANIES THROUGH EACH STEP IN THE PROCESS OF IMPLEMENTING A SHARED OWNERSHIP PROGRAM; AND (2) MOVEMENT BUILDING TO GENERATE A GROUNDSWELL OF INTEREST IN SHARED OWNERSHIP AMONG WORLD-CLASS BUSINESSES AND CORPORATE LEADERS. PLEASE FIND MORE DETAILS ON THESE PILLARS' KEY ACTIVITIES AND HOW THESE PILLARS INTERACT BELOW. HANDS-ON GUIDANCE: WE HELP INVESTORS AND COMPANIES IMPLEMENT HOLISTIC SHARED OWNERSHIP PROGRAMS. O.W.'S SUPPORT INCLUDES RESOURCES AND TAILORED GUIDANCE COVERING STRUCTURING AND SIZING A BROAD-BASED EMPLOYEE OWNERSHIP PLAN; FOSTERING A COMPANY CULTURE OF OWNERSHIP THAT EMPOWERS EMPLOYEES TO FEEL, THINK, AND ACT LIKE OWNERS; AND METHODS FOR ENHANCING EMPLOYEES' FINANCIAL WELLBEING TO SUPPORT WEALTH BUILDING THROUGH AND BEYOND THE OWNERSHIP PROGRAM. MOVEMENT BUILDING: THROUGH PARTNERSHIPS, EVENTS AND NETWORK-BUILDING, DATA AND INSIGHTS, STORYTELLING, AND STANDARD SETTING, WE ARE CATALYZING A GROUNDSWELL OF INTEREST IN EMPLOYEE OWNERSHIP ACROSS CORPORATE AMERICA. OWNERSHIP WORKS IS RAISING AWARENESS AND INCREASING ENGAGEMENT AMONG OUR PARTNERS AND KEY CONSTITUENCY GROUPS SPANNING FINANCIAL SERVICE FIRMS; FOUNDATIONS AND NONPROFITS; INVESTORS; LABOR ADVOCATES; PENSION FUNDS; PROFESSIONAL SERVICE PROVIDERS; AND PUBLIC COMPANIES WITH BROAD-BASED EMPLOYEE OWNERSHIP. OUR IMPACT TO DATE: 1. 31 TOTAL INVESTOR PARTNERS; 84 PARTNERS TOTAL. (AS OF MAY 2024) 2. 101 COMPANIES WITH BOARD-APPROVED SHARED OWNERSHIP PROGRAMS, REACHING 148,707 EMPLOYEES. (AS OF APRIL 2024) 3. 395 MILLION TOTAL WEALTH SHARED; 130 MILLION SHARED WITH LOW AND MODERATE-INCOME WORKERS (AS OF DECEMBER 2023). 4. IN 2023, O.W. HOSTED TWO SUCCESSFUL IN-PERSON CONVENINGS THAT REACHED APPROXIMATELY 250 CEOS, COMPANY EXECUTIVES, INVESTORS, AND SHARED OWNERSHIP ADVOCATES. 5. IN 2023, O.W. REACHED OVER 7,000 FOLLOWERS ON LINKEDIN; RECEIVED OVER 105,000 PAGE VIEWS ON ITS WEBSITE; AND REACHED OVER 1,300 NEWSLETTER SUBSCRIBERS.

    Expenses $5,421,135 · Revenue $10,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anna-Lisa Miller

    VICE PRESIDE

    Total calculated
    $507,845
    From this org
    $477,837
    From related orgs
    $0
    Other
    $30,008
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $477,837
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,450
    Nontaxable benefits
    $8,558
    Filer's total
    $507,845

  • Ronald Blake

    DIR., FINANC

    Total calculated
    $264,680
    From this org
    $235,874
    From related orgs
    $0
    Other
    $28,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,874
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,657
    Nontaxable benefits
    $13,149
    Filer's total
    $264,680

  • Sapna Harichand Up To 81523

    DIR. OWNERSH

    Total calculated
    $223,230
    From this org
    $214,464
    From related orgs
    $0
    Other
    $8,766
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,464
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $8,766
    Filer's total
    $223,230

  • Stacy Kowsz

    MANAGER, BUS

    Total calculated
    $234,445
    From this org
    $211,039
    From related orgs
    $0
    Other
    $23,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,039
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,825
    Nontaxable benefits
    $9,581
    Filer's total
    $234,445

  • Melissa Bukuru

    PRINCIPAL

    Total calculated
    $224,787
    From this org
    $198,506
    From related orgs
    $0
    Other
    $26,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,506
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,132
    Nontaxable benefits
    $13,149
    Filer's total
    $224,787

  • David D MacKinnon

    SR DIR, BUS

    Total calculated
    $218,674
    From this org
    $196,137
    From related orgs
    $0
    Other
    $22,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,137
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,346
    Nontaxable benefits
    $12,191
    Filer's total
    $218,674

  • Alex Kaufman

    MANAGER, BUS

    Total calculated
    $211,601
    From this org
    $190,437
    From related orgs
    $0
    Other
    $21,164
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,437
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,606
    Nontaxable benefits
    $8,558
    Filer's total
    $211,601

  • Peter Stavros

    PRESIDENT AN

    Total calculated
    $0
    Hours/week
    5

  • Thomas Naratil

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Vicente Reynal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Nate Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • John Danhakl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Mario Giannini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Maryanne Hancock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • James Neary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Leela Ramnath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Todd Sisitsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Wilma Liebman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Sarita Gupta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Naureen Hassan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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, 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

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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)

SCHEDULE J, PAGE 1, PART I, LINE 4
SAPNA HARICHAND, UP TO 8/15/23 22,692 0 0

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.

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.0
Source object
202403139349303005

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