Worldatwork
- Assets
- $27.7m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 108
- Location
- Scottsdale, AZ
- Founding
- 07/1960
- Data as of
- 12/2022
- EIN
- 31-6054097
Organization Overview
Worldatwork is located in Scottsdale, AZ. The organization was established in 1960. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Worldatwork employed 108 individuals. This organization is the central organization for a national or regional group of organizations. Worldatwork is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Worldatwork generated $19.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $17.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SPONSOR AND CONDUCT EDUCATIONAL CONFERENCES, SEMINARS, WORKSHOPS AND SYMPOSIA FOR PURPOSES OF INFORMING MEMBERS AND OTHER INTERESTED PARTIES ON CURRENT RESEARCH, LEGISLATION AND PRACTICES. IN ALL PHASES OF EMPLOYEE REWARD PROGRAMS INCLUDING COMPENSATION, WAGES, SALARIES, AND INCENTIVES, EMPLOYEE BENEFITS AND OTHER RELATED FORMS OF EMPLOYEE REMUNERATION.TO ENCOURAGE, PROMOTE, AND PUBLISH RESEARCH IN THE FIELD OF EMPLOYEEMOTIVATION, MORALE, BEHAVIOR, PERFORMANCE APPRAISAL, INNOVATIVE PAY ANDREWARD SYSTEMS, PRODUCTIVITY MANAGEMENT TECHNIQUES AND OTHER FUNCTIONSRELATIVE TO COMPENSATION.
Describe the Organization's Program Activity:
EDUCATION SERVICES: WORLDATWORK DELIVERS EDUCATIONAL COURSES, SEMINARS, AND TRAINING THROUGH A VARIETY OF CHANNELS IN THE FIELDS OF COMPENSATION, BENEFITS AND WORK-LIFE.
MEMBERSHIP AND OTHER: INCLUDES ALL ANNUAL DUES AND FEES PAID TO THE ORGANIZATION BY MORE THAN 16,000 MEMBERS. THROUGH MEMBERSHIPS, SUBSCRIBERS RECEIVED THE MONTHLY MAGAZINE, WORKSPAN, ACCESS TO WORLDATWORK DATABASES AND RESOURCES, AND REDUCED PRICES ON COURSES AND SEMINARS.
CONFERENCES: WORLDATWORK HOSTS A TOTAL REWARDS CONFERENCE ANNUALLY, AS WELL AS SMALLER, REGIONAL CONFERENCES. REVENUES INCLUDE REGISTRATION FEES, SPONSORSHIP FEES, AND EXHIBIT HALL BOOTH FEES.
PUBLICATIONS: THE ORGANIZATION PRODUCES AND SELLS ITS OWN BOOKS, PUBLICATIONS AND ADVERTISING, PUBLICITY AND CAREER CENTER REVENUE GENERATED THROUGH THESE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Cawood CEO | OfficerTrustee | 40 | $745,317 |
Alan Gardner Board Member | Trustee | 1 | $0 |
Jeff Chambers Board Member | Trustee | 1 | $0 |
Mary Lynn Fayoumi Board Member | Trustee | 1 | $0 |
Nathalie Parent Board Member | Trustee | 1 | $0 |
Stacey Petrey Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imagination Media Llc It Consulting | 12/30/21 | $165,000 |
Qualtrics Llc Surveying | 12/30/21 | $141,834 |
Metasofttech Solutions Llc It Consulting | 12/30/21 | $163,103 |
Ansr Source Content Us Llc Content Development | 12/30/21 | $105,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,787,333 |
| Investment income | $478,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,065,276 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,472,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,776,165 |
| Pension plan accruals and contributions | $338,901 |
| Other employee benefits | $746,544 |
| Payroll taxes | $603,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,762 |
| Fees for services: Accounting | $37,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,882,610 |
| Advertising and promotion | $302,056 |
| Office expenses | $451,813 |
| Information technology | $1,140,907 |
| Royalties | $0 |
| Occupancy | $464,887 |
| Travel | $320,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,022,076 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $864,766 |
| Insurance | $124,864 |
| All other expenses | -$2,313,560 |
| Total functional expenses | $17,726,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,058,920 |
| Savings and temporary cash investments | $139,050 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $417,826 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,642 |
| Prepaid expenses and deferred charges | $665,426 |
| Net Land, buildings, and equipment | $641,761 |
| Investments—publicly traded securities | $21,749,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,711,483 |
| Accounts payable and accrued expenses | $1,946,668 |
| Grants payable | $0 |
| Deferred revenue | $6,005,913 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,003,092 |
| Total liabilities | $20,955,673 |
| Net assets without donor restrictions | $6,755,810 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,711,483 |