Institute For Work And The Economy A Not-For-Profit Corporation is located in Oak Park, IL. The organization was established in 2001. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Work And The Economy A Not-For-Profit Corporation 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 12/2021, Institute For Work And The Economy A Not-For-Profit Corporation generated $37.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $42.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SEE ATTACHMENT ORGANIZATIONS PRIMARY EXEMPT PURPOSE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dee Davis Director | 0 | $0 | |
Byron Zuidema Director | 0 | $0 | |
Anne Kaplan Director | 0 | $0 | |
Elizabeth Diana White Director | 0 | $0 | |
Niosha Roshani Director | 0 | $0 | |
Mary V L Wright Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $20,055 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $17,690 |
Total Revenue | $37,745 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $17,500 |
Professional fees and other payments to independent contractors | $6,125 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $350 |
Other expenses | $18,957 |
Total expenses | $42,932 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $6,865 |
Other assets | $0 |
Total assets | $9,723 |
Total liabilities | $38,732 |
Net assets or fund balances | -$29,009 |
Over the last fiscal year, we have identified 1 grants that Institute For Work And The Economy A Not-For-Profit Corporation has recieved totaling $14,000.
Awarding Organization | Amount |
---|---|
The Aspen Institute Inc Washington, DC PURPOSE: TO SUPPORT SKILLS FOR AMERICAS FUTURE INCLUDING IDENTIFYING A TEAM OF INNOVATORS IN "EARN AND LEARN" POLICIES | $14,000 |
Organization Name | Assets | Revenue |
---|---|---|
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Elevate Ventures Inc Indianapolis, IN | $13,635,821 | $6,541,390 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
Chicago Neighborhood Initiatives Inc Chicago, IL | $28,044,875 | $6,086,031 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |