2024-11-08T14:00:05-05:00 2023-12-31 273263553 GALLEROS ROBINSON 115 DAVIS STATION RD CREAM RIDGE NJ 08514 990 2023-01-01 862054001 OWNERSHIP WORKS INC OWNE 2126002093 209 W 29TH STREET 167 NEW YORK NY 10001 ANNA-LISA MILLER VICE PRESIDENT 2126002093 2024-10-18 false LEONORA GALLEROS P00181670 6469210400 2024-11-08 2023 2024-10-15 13:58:12Z PETER STAVROS 209 W 29TH STREET 167 NEW YORK NY 10001 7241047 false X WWW.OWNERSHIPWORKS.ORG X 2021 DE 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. 14 12 28 13 0 17113449 7118061 10000 14229 112986 288 0 17127966 7241047 0 0 2230104 4361120 0 665793 1992152 2748505 4222256 7109625 12905710 131422 34611430 36634563 647017 2516022 33964413 34118541 X PLEASE REFER TO PART I LINE 1 false false 5421135 10000 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. 5421135 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 13 0 28 true false false false false false false false false false false false false false false X 14 12 false false true false true true false true true false false true true false true true true true false false AK AL AR CA CO CT FL GA HI KS MD ME MI MN MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV NV X X ANNA-LISA MILLER 2126002093 209 W 29TH STREET 167 NEW YORK NY 10001 ANNA-LISA MILLER VICE PRESIDE 40.00 X X 477837 0 30008 RONALD BLAKE DIR., FINANC 40.00 X 235874 0 28806 SAPNA HARICHAND UP TO 81523 DIR. OWNERSH 40.00 X 214464 0 8766 STACY KOWSZ MANAGER, BUS 40.00 X 211039 0 23406 MELISSA BUKURU PRINCIPAL 40.00 X 198506 0 26281 DAVID D MACKINNON SR DIR, BUS 40.00 X 196137 0 22537 ALEX KAUFMAN MANAGER, BUS 40.00 X 190437 0 21164 PETER STAVROS PRESIDENT AN 5.00 X X 0 0 0 THOMAS NARATIL TREASURER 0.10 X X 0 0 0 VICENTE REYNAL DIRECTOR 0.10 X 0 0 0 NATE TAYLOR DIRECTOR 0.10 X 0 0 0 JOHN DANHAKL DIRECTOR 0.10 X 0 0 0 MARIO GIANNINI DIRECTOR 0.10 X 0 0 0 MARYANNE HANCOCK DIRECTOR 0.10 X 0 0 0 JAMES NEARY DIRECTOR 0.10 X 0 0 0 LEELA RAMNATH DIRECTOR 0.10 X 0 0 0 TODD SISITSKY DIRECTOR 0.10 X 0 0 0 WILMA LIEBMAN DIRECTOR 0.10 X 0 0 0 SARITA GUPTA DIRECTOR 0.10 X 0 0 0 NAUREEN HASSAN DIRECTOR 0.10 X 0 0 0 1724294 160968 12 false true false CLARITY LLC WORK LIFE OFFICE SUITES PENN 1 3RDF 250 WEST 34TH STREET NEW YORK NY 10119 ADMIN & SUPPORT 211095 KENNETH PORRELLO 3545 BRADLEY COURT HIGHLAND PARK IL 60035 SR. ADVISOR 171369 LEIGH WEISS 33 FAYERWEATHER STREET CAMBRIDGE MA 02138 SR. ADVISOR 164399 HAVEY PRO CINEMA 3457 RINGSBY COURT UNIT 105 DENVER CO 80216 FILM PRODUCTION 120000 4 7118061 7118061 SERVICE REVENUE 10000 10000 10000 112986 112986 7241047 10000 112986 X 772525 419510 250370 102645 3110659 2739021 82132 289506 85004 52562 20023 12419 102706 63912 23727 15067 290226 203158 58046 29022 35110 35110 1737952 1470162 118199 149591 39204 27443 7841 3920 278074 194652 55615 27807 36164 25315 7233 3616 58880 41216 11776 5888 29669 20768 5934 2967 BAD DEBTS 300000 300000 EDUCATION AND TRAINING 65696 45987 13139 6570 RELOCATION 63034 44124 12607 6303 OFFICE EXPENSES 40493 28345 8099 4049 64229 44960 12846 6423 7109625 5421135 1022697 665793 8933193 12397733 25084008 21825639 29874 403419 67710 20531 335709 42956 65662 530742 1979946 34611430 36634563 647017 767239 1748783 647017 2516022 X 33964413 34118541 33964413 34118541 34611430 36634563 131422 22706 X false true X false false X 21548666 17113449 7118061 45780176 21548666 17113449 7118061 45780176 13887901 31892275 42 14517 112986 127545 13229 111986 125215 46032936 10288 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107671 10767 96904 83026 35671 47355 212722 21272 191450 335709 RIGHT-OF-USE ASSET 1558211 OTHER ASSET - DOCUMENTARY PRODUCTION 395000 DEPOSITS 13614 OTHER RECEIVABLE 13121 1979946 OPERATING LEASE LIABILITIES 1748783 1748783 X 8776243 22706 1512490 1535196 7241047 7241047 8622115 1512490 1512490 7109625 7109625 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. CURRENTLY, THERE ARE NO AUDITS IN PROGRESS. X X true false false false false false false false false ANNA-LISA MILLER VICE PRESIDENT 477837 21450 8558 507845 RONALD BLAKE DIR., FINANCE & OPS 235874 15657 13149 264680 SAPNA HARICHAND UP TO 81523 DIR. OWNERSHIP CULTU 214464 8766 223230 STACY KOWSZ MANAGER, BUS ENG 211039 13825 9581 234445 MELISSA BUKURU PRINCIPAL 198506 13132 13149 224787 DAVID D MACKINNON SR DIR, BUS ENG 196137 10346 12191 218674 ALEX KAUFMAN MANAGER, BUS ENG 190437 12606 8558 211601 SCHEDULE J, PAGE 1, PART I, LINE 4 SAPNA HARICHAND, UP TO 8/15/23 22,692 0 0 FORM 990, PAGE 2, PART III, LINE 4A 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. FORM 990, PAGE 6, PART VI, LINE 4 THE FORMATION OF THE FINANCE AND AUDIT COMMITTEE WAS RATIFIED IN THE DECEMBER 12TH BOARD MEETING. THE FINAL DRAFT OF THE COMMITTEE'S FORMAL CHARTER, DEFINING ITS REMIT AND INAUGURAL MEMBERSHIP, HAS BEEN TABLED FOR THE BOARD MEETING OF THE SPRING OF 2024. FORM 990, PAGE 6, PART VI, LINE 6 PETER STAVROS IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A PETER STAVROS, AS THE SOLE MEMBER OF THE ORGANIZATION HAS THE POWER TO APPOINT OR ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 WAS REVIEWED BY THE PRESIDENT AND VICE PRESIDENT OF THE FILING ORGANIZATION. A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. EACH OFFICER SIGNS A STATEMENT AND DISCLOSURE AT THE START OF THE BOARD TERM INDICATING THAT THEY HAVE READ, THEY UNDERSTAND THE POLICY, AND THEY AGREE TO COMPLY WITH THE GUIDELINES SET FORTH THEREIN. THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE INTERESTS OF THE NONPROFIT WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF A DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE OF THE CORPORATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH POWERS DELEGATED BY THE BOARD OF DIRECTORS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PAGE 6, PART VI, LINE 15A EXCEPT AS OTHERWISE PROHIBITED OR LIMITED BY THE BYLAWS OR THE CERTIFICATE OF INCORPORATION, THE CORPORATION MAY PAY REASONABLE COMPENSATION TO ITS DIRECTORS, OFFICERS AND OTHER EMPLOYEES OR AGENTS FOR SERVICES RENDERED. SUCH COMPENSATION SHALL BE DETERMINED BY THE BOARD OF DIRECTORS IN COMPLIANCE WITH THE CORPORATION'S CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS MAY AUTHORIZE THE REIMBURSEMENT OF EXPENDITURES REASONABLY INCURRED BY DIRECTORS, OFFICERS OR OTHER EMPLOYEES OR AGENTS ON BEHALF OF ACTIVITIES FOR THE BENEFIT OF THE CORPORATION. IN ADDITION, THE BOARD REVIEWED COMPENSATION DATA FROM INDEPENDENT SOURCES FOR FUNCTIONALLY COMPARABLE POSITIONS IN ORGANIZATIONS COMPARABLE TO OWNERSHIP WORKS AND BY ANALYZING THE INTERNAL PERFORMANCE DATA, THE BOARD DETERMINES THAT IT PROVIDES A 'REBUTTABLE PRESUMPTION OF REASONABLENESS' THAT THE TOTAL COMPENSATION PROVIDED TO OWNERSHIP WORKS EXECUTIVES IS REASONABLE AND CONSISTENT WITH MARKET PRACTICES. FORM 990, PAGE 6, PART VI, LINE 17 MINNESOTA, MISSISSIPPI, NORTH CAROLINA, NORTH DAKOTA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, TENNESSEE, UTAH, VIRGINIA, WASHINGTON, WISCONSIN, WEST VIRGINIA, NEVADA FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G TECHNOLOGY SUPPORT 206,494 0 0 EXECUTIVE SEARCH 415,491 0 0 CLIENT ADVISORY SUPPORT 506,428 0 0 OTHER SERVICE FEES 341,749 118,199 149,591 TOTAL 1,470,162 118,199 149,591