2026-08-25T15:35:55-05:00 2025-12-31 391453055 VRAKAS SC 29 EAST MADISON ST STE 800 CHICAGO IL 60602 990 2025-01-01 364389954 INSTITUTE FOR WORK AND THE ECONOMY INST 3123328508 PO BOX 4061 OAK PARK IL 60303 PETER A CRETICOS PRESIDENT & EXECUTIVE DIRECTOR 3123328508 2026-08-25 1 MICHAEL W CARNEY P01309325 3129102130 2025 2025-03-06 01:10:19Z PETER A CRETICOS PO BOX 4061 OAK PARK IL 60303 359171 0 X WWW.WORKANDECONOMY.COM X 2000 IL IN 2025: THE INSTITUTE ADVANCED WORKFORCE AND ECONOMIC DEVELOPMENT THROUGH RESEARCH, PROGRAM EVALUATION, AND STRATEGIC PARTNERSHIPS. 20 20 2 0 0 0 14246 104459 91334 254710 0 2 43423 0 149003 359171 0 0 0 0 46350 171760 0 0 0 69463 139616 115813 311376 33190 47795 47703 82081 52583 39070 -4880 43011 X THE INSTITUTE FOR WORK & THE ECONOMY IS AN INDEPENDENT, NON-PARTISAN, PUBLIC POLICY COLLABORATIVE UNDER THE DIRECTION OF A DIVERSE BOARD. THE MISSION IS TO SERVE AS A CONDUIT FOR INNOVATIVE WORKFORCE STRATEGIES AND POLICIES THAT FOSTER ECONOMIC SECURITY, EQUITY, AND OPPORTUNITY FOR ALL WORKERS 0 0 237723 226929 THE INSTITUTE IS DESIGNING AND MANAGING THE DEVELOPMENT AND BUILD-OUT OF A STATEWIDE (ILLINOIS) INNOVATION ECOSYSTEM TO SUPPORT THE DISCOVERY OF NON-FOOD USES FOR SOYBEANS. WE MANAGE THE ANNUAL SPRINGBOARD CHALLENGE COMPETITION, HANDLE ALL CONTRACTUAL MATTERS WITH AWARDEES ON BEHALF OF THE ISB, AND SUPERVISE AWARDEES' PERFORMANCE. 27781 27781 THE INSTITUTE CONDUCTED AN EVALUATION OF THE ABE-LINC DIGITAL NAVIGATOR PROGRAM PURSUANT TO THE TERMS OF A CONTRACT WITH CHICAGO STATE UNIVERSITY AND SUBJECT TO THE HUMAN SUBJECTS RESEARCH PARAMETERS ESTABLISHED BY THE UNIVERSITY'S INSTITUTIONAL REVIEW BOARD. CHICAGO STATE UNIVERSITY RECEIVED FUNDING FOR THIS PROJECT UNDER THE BROADBAND EQUITY, ACCESS, AND DEPLOYMENT PROGRAM FROM THE NATIONAL TELECOMMUNICATIONS AND INFORMATION ADMINISTRATION, U.S. DEPARTMENT OF COMMERCE. THE INSTITUTE WAS NOT A DIRECT RECIPIENT OF FEDERAL FUNDS. 265504 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 1 1 0 IL X PETER A CRETICOS 3122829475 203 N LASALLE STREET SUITE 2100 CHICAGO IL 60601 PETER CRETICOS PRESIDENT & EXECUTIVE DIRECTOR 40.00 X X 109000 0 0 RONNIE L BRYANT CHAIR 0.50 X X 0 0 0 CECILIA WESSINGER SECRETARY 0.50 X X 0 0 0 ROBERT G REITER JR TREASURER 0.50 X X 0 0 0 TOPE SADIKU DEPUTY TREASURER 0.50 X X 0 0 0 MICHAEL ANDREWS DIRECTOR 0.50 X 0 0 0 DEE DAVIS DIRECTOR 0.50 X 0 0 0 KELSEY DAVIS DIRECTOR 0.50 X 0 0 0 STEPHANIE FARFAN DIRECTOR 0.50 X 0 0 0 SARAH ZEHR GANTZ DIRECTOR 0.50 X 0 0 0 SWATI GHOSH DIRECTOR 0.50 X 0 0 0 S MAYUMI UMI GRIGSBY DIRECTOR 0.50 X 0 0 0 KIMO KIPPEN DIRECTOR 0.50 X 0 0 0 ROBERT KNIGHT DIRECTOR 0.50 X 0 0 0 WILLIAM LAZONICK DIRECTOR 0.50 X 0 0 0 CHIPO NAYAMBUYA DIRECTOR 0.50 X 0 0 0 MELODY LEWIS DIRECTOR 0.50 X 0 0 0 CY RICHARDSON DIRECTOR 0.50 X 0 0 0 ELIZABETH DIANE WHITE DIRECTOR 0.50 X 0 0 0 MARY V L WRIGHT DIRECTOR 0.50 X 0 0 0 BYRON ZUIDEMA DIRECTOR 0.50 X 0 0 0 109000 0 0 1 0 0 0 0 104459 3059 104459 PROGRAM SERVICE 900099 254710 254710 254710 2 2 359171 254710 0 2 107910 98100 9810 46472 40844 5628 5220 5220 12158 10942 1216 500 500 6800 6800 931 931 11037 8830 2207 8424 6737 1687 5844 4675 1169 82966 74669 8297 5042 3781 1261 SOFTWARE 11508 8046 3462 BANK FEES 5810 2126 3684 DUES AND MEMBERSHIP 520 416 104 AUTO 234 187 47 311376 265504 45872 0 15602 53153 27607 20586 4494 5182 0 0 3160 47703 82081 23419 9906 29164 29164 52583 39070 X -4880 16883 26128 -4880 43011 47703 82081 47795 101 -2 -3 0 X 1 X 0 0 0 X 20055 49932 104340 14246 104459 293032 90938 90938 20055 49932 104340 105184 104459 383970 0 0 0 383970 17690 43819 61509 37745 49932 104340 149003 104459 445479 0.86190 0.80200 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE ORGANIZATION ANALYZED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2025. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2022 AND STATE INCOME TAX EXAMINATIONS FOR YEARS BEFORE 2021. PETER CRETICOS PRESIDENT ADVANCES MADE TO CREDIT CARD COMPANIES BY OFFICER X 29164 0 1 0 29164 FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO MEETINGS WITH COMMITTEES THAT HAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE 2025 990 AND THE AG REVIEW ARE CIRCULATED TO THE AUDIT COMMITTEE, WHICH COMPRISES ALL ELECTED OFFICERS AND ONE AT-LARGE MEMBER OF THE BOARD, IN ADVANCE OF FILING. THE BOARD WILL RECEIVE THE 990 AND THE AG REVIEW AT ITS NEXT REGULAR MEETING ON SEPTEMBER 9, 2026. THE PRESIDENT AND TREASURER ARE AUTHORIZED TO SIGN THE 2025 990 FILING. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 OFFICERS COMPENSATION IS SUBJECT TO BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.