WorkMoney Inc
- Assets
- $9.9m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 34
- Location
- Milwaukee, WI
- Founding
- Data as of
- 12/2021
- EIN
- 85-0604101
Organization Overview
WorkMoney Inc, operating under the name WorkMoney, is located in Milwaukee, WI. As of 12/2021, WorkMoney employed 34 individuals. WorkMoney is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, WorkMoney generated $19.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $12.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORKMONEY IS DEDICATED TO LOWERING COSTS AND RAISING INCOMES FOR ALL AMERICANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH: WORKMONEY COMMUNICATED WITH MILLIONS OF FINANCIALLY STRUGGLING, HARD-TO-REACH AMERICANS, DELIVERING VALUABLE REAL-TIME INFORMATION TO HELP THEM BETTER WEATHER FINANCIAL CHALLENGES. WORKMONEY PROVIDED INFORMATION ACROSS A RANGE OF COMMUNICATION CHANNELS TO HELP AMERICANS NAVIGATE THE ECONOMIC CRISIS CAUSED BY THE COVID-19 PANDEMIC, INCLUDING INFORMATION ON TAX CREDITS, STIMULUS PROGRAMS, AND OTHER BENEFIT PROGRAMS AND SERVICES.
EDUCATION: WORKMONEY PROVIDED INFORMATION TO SUBSCRIBERS TO HELP THEM NAVIGATE COMPLEX FINANCIAL PROGRAMS AND SERVICES, TO MATERIALLY IMPROVE THEIR FINANCIAL WELL-BEING. WORKMONEY HELD PERSONAL CONVERSATIONS WITH AMERICAN FAMILIES ABOUT ECONOMIC TOOLS AND THEIR IMPACT ON THEIR LIVES.
ADVOCACY: WORKMONEY EDUCATED DECISION-MAKERS ON THE NEEDS OF WORKING AMERICANS. THIS WORK INCLUDED CONDUCTING POLICY RESEARCH AND ANALYSIS AND SUPPORTING POLICIES THAT HELP RAISE INCOMES AND LOWER COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Packard Former Officer, VP Strategy | Officer | 40 | $219,842 |
Anjali Sakaria VP Policy | 40 | $200,000 | |
Carrie J Grimes President & CEO | OfficerTrustee | 40 | $165,367 |
Tiffany Ferguson VP People Operations | 40 | $151,134 | |
Jonathan Savitch VP Product | 40 | $150,632 | |
Michael M Enriquez Former Officer, VP Field | Officer | 40 | $138,352 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Facebook Advertising | 12/30/21 | $2,989,741 |
Strive Digital Sms Consulting | 12/30/21 | $1,388,235 |
Google Advertising | 12/30/21 | $713,663 |
Exactius Llc Digital Consulting | 12/30/21 | $508,989 |
Courier Newsroom Advertising | 12/30/21 | $575,000 |
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 | $19,052,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,052,200 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,052,200 |
| 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. | $183,739 |
| Compensation of current officers, directors, key employees. | $45,935 |
| Compensation to disqualified persons | $100,000 |
| Other salaries and wages | $2,060,919 |
| Pension plan accruals and contributions | $67,841 |
| Other employee benefits | $95,078 |
| Payroll taxes | $195,161 |
| Fees for services: Management | $1,040,525 |
| Fees for services: Legal | $14,272 |
| Fees for services: Accounting | $2,088 |
| Fees for services: Lobbying | $93,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,004,585 |
| Advertising and promotion | $5,709,410 |
| Office expenses | $41,935 |
| Information technology | $1,894,233 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,247 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,011 |
| All other expenses | $0 |
| Total functional expenses | $12,815,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,707,713 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,200,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,907,713 |
| Accounts payable and accrued expenses | $223,888 |
| 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 | $223,888 |
| Net assets without donor restrictions | $7,050,564 |
| Net assets with donor restrictions | $2,633,261 |
| 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 | $9,907,713 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that WorkMoney Inc has recieved totaling $7,150,000.
| Awarding Organization | Amount |
|---|---|
Open Society Policy Center Inc New York, NY PURPOSE: SUPPORT POLICY ADVOCACY | $3,000,000 |
Patriotic Republic Chicago, IL PURPOSE: GRASSROOTS ENGAGEMENT | $1,250,000 |
Defending Democracy Together Washington, DC PURPOSE: TO SUPPORT THE ORGANIZATION'S GENERAL MISSION. | $1,000,000 |
North Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $1,000,000 |
Patriotic Republic Chicago, IL PURPOSE: GRASSROOTS ENGAGEMENT | $750,000 |
Windward Fund Washington, DC PURPOSE: ENVIRONMENTAL PROGRAMS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adler University Chicago, IL | $54,030,129 | $55,024,940 |
Cornerstones Of Care Kansas City, MO | $33,252,192 | $62,036,711 |
Foodbank For The Heartland Omaha, NE | $18,090,007 | $45,859,600 |
Oneworld Community Health Centers Inc Omaha, NE | $55,753,804 | $50,338,832 |
Southlake Tri-City Management Corp Merrillville, IN | $41,327,791 | $57,011,175 |
Indiana Organ Procurement Organization Inc Indianapolis, IN | $65,218,746 | $57,064,127 |
Franklin College Of Indiana Franklin, IN | $160,839,660 | $64,884,316 |
Vivent Health Inc Milwaukee, WI | $84,987,861 | $66,654,563 |
Donald Danforth Plant Science Center Saint Louis, MO | $503,520,795 | $58,321,490 |
Wheaton Franciscan Healthcare - Southeast Wisconsin Inc St Louis, MO | $170,280,677 | $49,335,705 |
United Brotherhood Of Carpenters & Joiners Of America Greenwood, IN | $122,593,290 | $51,465,869 |
Industrial Manufacturing Professional And Commercial Trust Lexington, KY | $8,502,513 | $49,520,230 |