Work Plus Incorporated EIN 39-1540523

Work Plus Incorporated FY2023 filing

EIN  39-1540523 Public charity (501(c)(3)) Madison, WI Founded 1985
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps people with disabilities find jobs and learn job skills in Dane County.
Leadership
Kathleen Schoepp · Executive Director · $84K
Money in and out
$602K revenue, $662K expenses
Bottom line
67% program efficiency

Helps people with disabilities find jobs and learn job skills in Dane County. For fiscal year 2023 it reported $602K in revenue, $662K in expenses, and $659K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$602K
Pt VIII · Ln 12
Total expenses
$662K
Pt IX · Ln 25
Net assets
$659K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$61K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.33
Program efficiency
67%
of spending reaches programs
Operating runway
12.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$602K
FY2023▲ +2%
Expenses
$662K
FY2023▲ +3%
Total assets
$1.0M
FY2023▼ -6%
Total liabilities
$382K
FY2023▼ -2%
Total revenue
$602K
Pt VIII · Ln 12
Total expenses
$662K
Pt IX · Ln 25
Net assets
$659K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$61K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $444K of program spending, described in the organization's own filed words · FY2023.
01

In 2023, work plus saw a continued reduction in services due to the fee for service model of payment with family care and iris programs. Work plus provided services to 41 individuals, 35 individuals were employed at minimum wage or higher. Collectively we worked with over 45 different EMPLOYERS/BUSINESSES in the community.

$444Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWork Plus Incorporated
EINHdr · item D39-1540523
Principal addressHdr · item CMadison, WI
WebsiteHdr · item Jworkplus.org
Year of formationHdr · item L1985
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J300)
Ruling yearIRS BMFMay 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$84,496Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary (thru Jan)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kathleen Schoepp’s $69K as Executive Director is at the 64th percentile of top reported officer pay among 1212 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kathleen Schoepp$69,091$93,566$84,496$97,991$83,281$80,297

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$575K · 96%
Investment income$14K · 2%
Other revenue$12K · 2%
Program service revenue96%$575K
Investment income2%$14K
Other revenue2%$12K
Contributions & grants$340
Total revenueLn 12$602K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.33
Program services67%$444K
Management & general33%$218K
Total functional expensesLn 25$662K

Balance Sheet

Part X · end of year
CashLn 1$658K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$382K
Total net assetsLn 32$659K
Months of cash on handcomputed11.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $672K · Operating expenses/yr $662K
12.2 months
Where the money goes
Program services
Program services $444K · Total expenses $662K
67%
Management & General
Management & general $218K · Total expenses $662K
33%
Fundraising
Fundraising $0 · Total expenses $662K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $340 · Total revenue $602K
0%
Government reliance
Government grants — · Total revenue $602K
Earned-income share
Program service revenue $575K · Total revenue $602K
96%
Investment reliance
Investment income $14K · Total revenue $602K
+2%
Program self-sufficiency
Program service revenue $575K · Total expenses $662K
87%
Growth & trend
Revenue growth (YoY)
This year $602K · Prior year $587K
+2%
Net-asset trend (YoY)
End of year $659K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $602K · Expenses $662K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $659K · Total assets $1.0M
63%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $9K · Other securities (Pt X, ln 12) $5K · Total assets (Pt X, ln 16) $1.0M
1%
People & payroll
Highest Reported Total Compensation
Individual Kathleen Schoepp · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $84K · Total expenses $662K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $545K · Total expenses $662K
82%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 33%
Fundraising cost ratio 0%
Revenue growth 2%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$40

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$663K revenue · ⤓ 990 PDF
FY2024$624K revenue · ⤓ 990 PDF
FY2023$602K revenue · viewing · ⤓ 990 PDF
FY2022$587K revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$950K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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