Ownership Works Inc
- Assets
- $34.6m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 15
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 86-2054001
Organization Overview
Ownership Works Inc is located in New York, NY. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Ownership Works Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ownership Works 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 12/2022, Ownership Works Inc generated $17.1m 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 (10.8%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNERSHIP WORKS WAS FOUNDED IN 2021 TO SCALE SHARED OWNERSHIP AS A MEANS OF ADDRESSING ECONOMIC INSECURITY AMONG EMPLOYEES,NARROWING THE RACIAL AND GENDER WEALTH GAPS, AND STRENGTHENING COMPANIES AND COMMUNITIES IN THE PROCESS. IN PARTNERSHIP WITH THE PRIVATE AND NONPROFIT SECTORS, WE HELP EMPLOYEES GAIN ACCESS TO FINANCIAL OPPORTUNITY, EDUCATION, AND SERVICES THROUGH HOLISTIC BROAD-BASED EMPLOYEE OWNERSHIP PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna-Lisa Miller Vice Preside | OfficerTrustee | 40 | $294,431 |
Tara Marie Ryan Dir., Market | Officer | 40 | $213,267 |
Michael Thomas Mchugh Principal | 40 | $135,000 | |
Alex Kaufman Manager | 40 | $135,000 | |
Fabian Alex Rodriguez Dir., Busine | 40 | $133,099 | |
Melissa Bukuru Principal | 40 | $127,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skdknickerbocker Llc Advertising | 12/30/22 | $273,849 |
Esposito Originals Film Production | 12/30/22 | $140,020 |
Havey Pro Cinema Film Production | 12/30/22 | $120,000 |
Zigman Advisory Llc Exec Search | 12/30/22 | $120,000 |
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 | $17,113,449 |
| Noncash contributions included in lines 1a–1f | $44,267 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,113,449 |
| Total Program Service Revenue | $0 |
| Investment income | $14,229 |
| 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 | $17,127,966 |
| 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. | $556,817 |
| Compensation of current officers, directors, key employees. | $111,363 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,399,362 |
| Pension plan accruals and contributions | $79,232 |
| Other employee benefits | $75,015 |
| Payroll taxes | $119,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,330,860 |
| Advertising and promotion | $0 |
| Office expenses | $14,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,117 |
| Travel | $62,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,280 |
| Insurance | $22,148 |
| All other expenses | $0 |
| Total functional expenses | $4,222,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,933,193 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,084,008 |
| 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 | $20,531 |
| Investments—publicly traded securities | $42,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530,742 |
| Total assets | $34,611,430 |
| Accounts payable and accrued expenses | $647,017 |
| 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 | $647,017 |
| Net assets without donor restrictions | $33,964,413 |
| 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 | $34,611,430 |