Great Work Inc
- Assets
- $1.1m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 86
- Location
- Bentonville, AR
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-3184270
Organization Overview
Great Work Inc is located in Bentonville, AR. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Great Work Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Work Inc 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 12/2023, Great Work Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 28.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GREAT WORK IS COMMITTED TO SHIFTING THE ORIENTATION OF YOUTH DEVELOPMENT BY SUPPORTING AND AMPLIFYING LEARNER-CENTERED SHIFTS AND ENVIRONMENTS, EMPOWERING YOUTH TO REALIZE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
OPERATING, PROMOTING, AND DEVELOPING OF LEARNER-CENTERED ENVIRONMENTS AND RESOURCES FOR YOUTH AND ADULTS. THIS INCLUDES PILOTING LEARNER-CENTERED SCHOOLING AND ADULT LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Executive Director, Director (from 6/1/23) | OfficerTrustee | 0.5 | $0 |
Name Not Listed Director (unitl 6/1/23) | Trustee | 0.5 | $0 |
Name Not Listed Director (from 6/1/23) | Trustee | 0.5 | $0 |
Name Not Listed Director (until 6/1/23) | Trustee | 1 | $0 |
Name Not Listed Director (until 6/1/23) | Trustee | 0.5 | $0 |
Name Not Listed Director (from 6/1/23) | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,636,870 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,889,570 |
| Total Program Service Revenue | $402,313 |
| Investment income | $13,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $396,718 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,708,017 |
| 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 | $2,392,728 |
| Pension plan accruals and contributions | $126,551 |
| Other employee benefits | $246,729 |
| Payroll taxes | $189,523 |
| Fees for services: Management | $18,417 |
| Fees for services: Legal | $24,995 |
| Fees for services: Accounting | $12,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,307 |
| Office expenses | $53,964 |
| Information technology | $69,826 |
| Royalties | $4,745 |
| Occupancy | $207,955 |
| Travel | $23,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,822 |
| Interest | $3,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,026 |
| Insurance | $70,026 |
| All other expenses | $269,762 |
| Total functional expenses | $4,606,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,972 |
| Savings and temporary cash investments | $916,227 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $219 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $26,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,131,897 |
| Accounts payable and accrued expenses | $12,876 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $12,876 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $57,516 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,061,505 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,131,897 |