EIN 86-2054001

Ownership Works

IRS 501(c) type
501(c)(3)
Num. employees
28
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Ownership Works educates and informs about the benefits of employee ownership of businesses, aligning employees- and owners' interests to create wealth-building opportunities. Its mission is to research and promote shared ownership as a means of addressing economic insecurity among employees, narrowing racial and gender wealth gaps, and strengthening companies and communities. Partnership with the private sector further supports this goal. Ownership Works is located in New York, NY.
Also known as...
The Center for Shared Ownership
Total revenues
$7,241,047
2023
Total expenses
$7,109,625
2023
Total assets
$36,634,563
2023
Num. employees
28
2023

Program areas at Ownership Works

Ownership Works' core programs: since our founding in february 2021, Ownership Works ("o.w.") Has generated strong momentum around shared Ownership and successfully harnessed it to drive program adoption. O.w. 's core programs are: (1) hands-on guidance to help investors and public and private companies through each step in the process of implementing a shared Ownership program; and (2) movement building to generate a groundswell of interest in shared Ownership among world-class businesses and corporate leaders. Please find more details on these pillars' key activities and how these pillars interact below. Hands-on guidance: we help investors and companies implement holistic shared Ownership programs. O.w. 's support includes resources and tailored guidance covering structuring and sizing a broad-based employee Ownership plan; fostering a company culture of Ownership that empowers employees to feel, think, and act like owners; and methods for enhancing employees' financial wellbeing to support wealth building through and beyond the Ownership program. Movement building: through partnerships, events and network-building, data and insights, storytelling, and standard setting, we are catalyzing a groundswell of interest in employee Ownership across corporate america. Ownership Works is raising awareness and increasing engagement among our partners and key constituency groups spanning financial service firms; foundations and nonprofits; investors; labor advocates; pension funds; professional service providers; and public companies with broad-based employee Ownership. Our impact to date: 1. 31 total investor partners; 84 partners total. (as of may 2024) 2. 101 companies with board-approved shared Ownership programs, reaching 148,707 employees. (as of april 2024) 3. 395 million total wealth shared; 130 million shared with low and moderate-income workers (as of december 2023). 4. In 2023, o.w. Hosted two successful in-person convenings that reached approximately 250 ceos, company executives, investors, and shared Ownership advocates. 5. In 2023, o.w. Reached over 7,000 followers on linkedin; received over 105,000 page views on its website; and reached over 1,300 newsletter subscribers.

Who funds Ownership Works

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,018,500
Prudential FoundationEstablishing A New Normal for Corporate America: Expanding Broad-Based Employee Ownership Programs Among Investors and Public and Private Companies$500,000
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$500,000
...and 11 more grants received

Personnel at Ownership Works

NameTitleCompensation
Melissa BukuruAssociate Director , Financial Inclusion and Resilience$198,506
Michael McHughAssociate Director , Advancement and Partnerships$135,000
Ron BlakeSenior Director , Operations and Finance
Tara Marie RyanDirector , Marketing$213,267
David MacKinnonSenior Director , Client Advisory Services$196,137
...and 6 more key personnel

Financials for Ownership Works

RevenuesFYE 12/2023
Total grants, contributions, etc.$7,118,061
Program services$10,000
Investment income and dividends$112,986
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,241,047

Form 990s for Ownership Works

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-08990View PDF
2022-122023-11-10990View PDF
2021-122022-11-25990View PDF
Data update history
February 28, 2025
Updated personnel
Identified 1 new personnel
January 8, 2025
Used new vendors
Identified 3 new vendors, including , , and
January 5, 2025
Received grants
Identified 4 new grant, including a grant for $500,000 from JP Morgan Chase Foundation
January 4, 2025
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2024
Received grants
Identified 4 new grant, including a grant for $400,000 from Credit Suisse Americas Foundation
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
National levelCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
209 W 29th St 167
New York, NY 10001
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
ownershipworks.org/ 
Phone
(212) 600-2093
IRS details
EIN
86-2054001
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S50: Nonprofit Management
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Not Operate or Solicit for Charitable Purposes
Charity Registration status
Delinquent
FTB status revoked
Not revoked
AG Registration Number
CT0285183
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2025-03-05
Free account sign-up

Want updates when Ownership Works has new information, or want to find more organizations like Ownership Works?

Create free Cause IQ account