Nonprofit · EIN 36-4389954
INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION
Tax-exempt · OAK PARK, IL 60303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $359,171 | $311,376 | $47,795 | $82,081 | $39,070 | $43,011 |
| December 31, 2024 | 990-EZ | $149,003 | $115,813 | $33,190 | $47,703 | $52,583 | -$4,880 |
| December 31, 2023 | 990-EZ | $104,340 | $102,683 | $1,657 | $54,985 | $93,055 | -$38,070 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $104,459
- Program service revenue
- $254,710
- Investment income
- $2
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $107,910
- Other salaries and wages
- $46,472
- Salaries, compensation and benefits (total)
- $171,760
- Professional fundraising fees
- $0
- Legal fees
- $500
- Accounting fees
- $6,800
- Occupancy
- $5,844
- Travel
- $82,966
- Program services (functional)
- $265,504
- Management and general (functional)
- $45,872
Balance sheet and other
- Total assets, start of year
- $47,703
- Total assets, end of year
- $82,081
- Total liabilities, end of year
- $39,070
- Net assets, end of year
- $43,011
- Publicly traded securities
- $3,160
- Net assets without donor restrictions
- $16,883
- Net assets with donor restrictions
- $26,128
- Gross receipts
- $359,171
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER CRETICOS | PRESIDENT & EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $109,000 |
| RONNIE L BRYANT | CHAIR Trustee or director, Officer | 0.5 | $0 |
| CECILIA WESSINGER | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ROBERT G REITER JR | TREASURER Trustee or director, Officer | 0.5 | $0 |
| TOPE SADIKU | DEPUTY TREASURER Trustee or director, Officer | 0.5 | $0 |
| MICHAEL ANDREWS | DIRECTOR Trustee or director | 0.5 | $0 |
| DEE DAVIS | DIRECTOR Trustee or director | 0.5 | $0 |
| KELSEY DAVIS | DIRECTOR Trustee or director | 0.5 | $0 |
| STEPHANIE FARFAN | DIRECTOR Trustee or director | 0.5 | $0 |
| SARAH ZEHR GANTZ | DIRECTOR Trustee or director | 0.5 | $0 |
| SWATI GHOSH | DIRECTOR Trustee or director | 0.5 | $0 |
| S MAYUMI UMI GRIGSBY | DIRECTOR Trustee or director | 0.5 | $0 |
| KIMO KIPPEN | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT KNIGHT | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLIAM LAZONICK | DIRECTOR Trustee or director | 0.5 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHIPO NAYAMBUYA | DIRECTOR Trustee or director | 0.5 | $0 |
| MELODY LEWIS | DIRECTOR Trustee or director | 0.5 | $0 |
| CY RICHARDSON | DIRECTOR Trustee or director | 0.5 | $0 |
| ELIZABETH DIANE WHITE | DIRECTOR Trustee or director | 0.5 | $0 |
| MARY V L WRIGHT | DIRECTOR Trustee or director | 0.5 | $0 |
| BYRON ZUIDEMA | DIRECTOR Trustee or director | 0.5 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BYRON ZUIDEMA | DIRECTOR | 0 | $0 |
| CHIPO NYAMBUYA | DIRECTOR | 0 | $0 |
| DEE DAVIS | DIRECTOR | 0 | $0 |
| ELIZABETH DIANA WHITE | DIRECTOR | 0 | $0 |
| MARY V L WRIGHT | DIRECTOR | 0 | $0 |
| ROBERT KNIGHT | DIRECTOR | 0 | $0 |
| STEPHANIE FARFAN | DIRECTOR | 0 | $0 |
| SWATI GHOSH | DIRECTOR | 0 | $0 |
| WILLIAM LAZONICK | DIRECTOR | 0 | $0 |
| MICHAEL ANDREWS | DIRECTOR | 0 | $0 |
| MELODY LEWIS | DIRECTOR | 0 | $0 |
| KELSEY DAVIS | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE KAPLAN | DIRECTOR | 0 | $0 |
| BYRON ZUIDEMA | DIRECTOR | 0 | $0 |
| DEE DAVIS | DIRECTOR | 0 | $0 |
| ELIZABETH DIANA WHITE | DIRECTOR | 0 | $0 |
| MARY V L WRIGHT | DIRECTOR | 0 | $0 |
| NATASHA T MILLER | DIRECTOR | 0 | $0 |
| ROBERT KNIGHT | DIRECTOR | 0 | $0 |
| STEPHANIE FARFAN | DIRECTOR | 0 | $0 |
| SWATI GHOSH | DIRECTOR | 0 | $0 |
| TOPE SADIKU | DEPUTY TREASURER | 0 | $0 |
| WILLIAM LAZONICK | DIRECTOR | 0 | $0 |
| MICHAEL ANDREWS | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4061, OAK PARK, IL 60303-4061
- Principal officer (990 for 2025)
- PETER A CRETICOS, PO BOX 4061, OAK PARK, IL 60303
- Signed the 990
- PETER A CRETICOS, PRESIDENT & EXECUTIVE DIRECTOR
- Phone
- (312) 332-8508
- Website
- WWW.WORKANDECONOMY.COM
- Return prepared by
- VRAKAS SC
Mission
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
Program accomplishments
- 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.Expenses $237,723 · revenue $226,929
- 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.Expenses $27,781 · revenue $27,781
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 36-4389954
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $82,081
- Income (IRS master file)
- $359,171
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $359,171 | $311,376 | $82,081 | XML |
| 990-EZ | December 2024 | $149,003 | $115,813 | $47,703 | XML |
| 990-EZ | December 2023 | $104,340 | $102,683 | $54,985 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-4389954).
Questions about INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION
- What is the EIN of INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION?
- The employer identification number (EIN) of INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION is 36-4389954.
- Is INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION?
- The 990 for the year ended December 31, 2025 names PETER A CRETICOS.
- Who are the officers and directors of INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 21 people; 1 received compensation from the organization, the highest $109,000 (PETER CRETICOS, PRESIDENT & EXECUTIVE DIRECTOR).
- How much revenue does INSTITUTE FOR WORK AND THE ECONOMY A NOT-FOR-PROFIT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $359,171, expenses of $311,376 and total assets of $82,081 at year end.
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