Overview
What is Ownership Works Inc?
Ownership Works Inc, a New York-based nonprofit organization, is dedicated to promoting employee ownership of businesses as a means to align employees' and owners' interests and create wealth-building opportunities. Their mission is to research and advocate for shared ownership, focusing on low- and moderate-income workers to tackle economic insecurity, reduce racial and gender wealth disparities, and strengthen companies and communities. Through education and collaboration with the private sector, Ownership Works strives to make employee ownership an effective solution.
Official website here: www.ownershipworks.org
What are the reviews and ratings of this charity?
Ownership Works Inc is not currently rated by Charity Navigator. The absence of a rating should not be interpreted as a negative or positive judgment, as the organization lacks sufficient data for a complete evaluation. Charity Navigator's criteria for a rating include consecutive years of e-filed Forms 990, among other factors.
The organization has a Culture & Community score of 79, although this score does not incorporate constituent feedback. Ownership Works Inc has implemented several equity practices, scoring 79 out of 100 points for their approach to data, policies, and processes. This indicates a commitment to equity, demonstrated by efforts like analyzing racial disparities and using non-traditional feedback methods.
Leadership & Adaptability has not been scored due to insufficient data about leadership capacity and strategic thinking. This suggests that while the organization has a foundation in community engagement and equity practices, more time is needed to observe and measure its impact and adaptability in various operational fields.
This AI summary has been generated from information found on Charity Navigator.
Is Ownership Works Inc legitimate?
Ownership Works Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ownership Works Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $556,817
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,399,362
For more financial information, click here
Official website here: www.ownershipworks.org
What is the mission statement of Ownership Works Inc?
Ownership Works Inc is a nonprofit organization dedicated to promoting employee ownership of businesses. Its mission is to research and educate about the benefits of shared ownership, aiming to align the interests of employees and owners to create wealth-building opportunities. This mission seeks to address economic insecurity and help narrow racial and gender wealth gaps. The organization also partners with the private sector to strengthen companies and communities. Through its efforts, Ownership Works aims to advance employee ownership as a means to improve economic conditions and build more equitable and prosperous communities.
Official website here: www.ownershipworks.org
Who is the CEO of Ownership Works Inc?
Peter Stavros is the President An of Ownership Works Inc.
Official website here: www.ownershipworks.org
What is the revenue of Ownership Works Inc?
Ownership Works Inc's revenue in 2022 was $17,127,966.
Official website here: www.ownershipworks.org
Who are the executives of Ownership Works Inc and what are their salaries?
The average compensation at Ownership Works Inc during 2022 was $130,412. There are 15 employees and 13 volunteers at Ownership Works Inc.
Here are 22 key members and their salaries:
- Compensation: $294,431
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- Other: $25,088
- Compensation: $213,267
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- Other: $24,031
- Compensation: $135,000
- Related: $0
- Other: $15,604
- Compensation: $135,000
- Related: $0
- Other: $15,993
- Compensation: $133,099
- Related: $0
- Other: $17,600
- Compensation: $127,500
- Related: $0
- Other: $19,533
- Compensation: $113,846
- Related: $0
- Other: $14,370
- Compensation: $0
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Official website here: www.ownershipworks.org
Where can I find the form 990 for Ownership Works Inc?
Ownership Works Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ownershipworks.org
Learn more at the official website: www.ownershipworks.org
Mission Statement of Ownership Works Inc
Ownership Works is a mission-driven organization that focuses on researching, educating, and advocating for employee ownership of businesses. By promoting shared ownership, this nonprofit aims to create a unique alignment between employees' and owners' interests, leading to substantial wealth-building opportunities for low- and moderate-income workers.
Through its educational initiatives, Ownership Works highlights the various benefits of employee ownership and the positive impact it can have on businesses and communities. By broadening the understanding of employee ownership, this nonprofit aspires to address economic insecurity among employees and bridge racial and gender wealth gaps. By partnering with the private sector, Ownership Works amplifies its reach and intensifies its efforts in implementing this innovative and inclusive business model.
Ownership Works' mission extends beyond mere education. It is dedicated to strengthening companies by facilitating the transition to employee ownership, enabling workers to engage in the decision-making process and reap the rewards of their hard work. Through research, this nonprofit explores the most effective methods for achieving employee ownership and implementing it in various industries. Ultimately, Ownership Works' commitment to employee ownership empowers workers, fosters stronger businesses, and contributes to more vibrant and equitable communities.
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Impact
October, 2024
Ownership Works Inc significantly impacts economic equity and empowerment by advocating for and facilitating employee ownership of businesses. By focusing on research, education, and advocacy, the organization informs stakeholders about the numerous benefits of shared ownership models, which align the interests of employees and business owners. This alignment fosters a more equitable workplace environment where employees are incentivized to contribute to their company's success, leading to enhanced productivity and job satisfaction.
One of the primary objectives of Ownership Works is to address economic insecurity among employees, particularly among low- and moderate-income workers. By promoting employee ownership, the organization aims to create wealth-building opportunities that can help bridge the racial and gender wealth gaps prevalent in our economy. This focus on equitable wealth distribution helps strengthen not only individual lives but also the broader community by fostering a more stable and prosperous economic landscape.
Furthermore, Ownership Works’ partnerships with the private sector amplify its mission, providing added resources and collaboration to promote shared ownership practices. Together, these efforts contribute to healthier companies and communities, making a substantial impact on the economic landscape. Through education and advocacy, Ownership Works Inc is making strides toward a more inclusive and equitable economy.
This information is meant to be a general summary of Ownership Works Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,229
- Gross Receipts: $17,127,966
Assets and Liabilities:
- Total Assets: $34,611,430
- Total Liabilities: $647,017
- Net Assets: $33,964,413
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Organization Details
Founding Year
2021
Phone
(954) 579-7660Principal Officer
Peter Stavros
Main Address
209 W 29TH STREET 167, NEW YORK, NY, 10001
Website
www.ownershipworks.orgNTEE Category
Code: S19 - Community improvement
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