Workmoney INC FY2022 filing

Milwaukee, WIUnknown exempt organizationSince 2020 EIN 85-0604101Revenue $31.1M in FY2022

On file with the IRSworkmoney.org790 N Milwaukee St Ste 300 · Milwaukee, WI

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

WorkMoney is dedicated to lowering costs and raising incomes for all Americans

90¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $6.0M a year · 14% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$431K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31.1M
+63% vs prior year
Spent
$28.3M
To programs
90%
Net assets
$12.5M
By yearFY2020–FY2024
Revenue
$31.1M
FY2022▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2020$20.7M
FY2021$19.1M
FY2022$31.1M
FY2023$41.4M
FY2024$103.1M
Expenses
$28.3M
FY2022▲ +121%
Tap a bar for its year
Expenses by fiscal year
FY2020$17.3M
FY2021$12.8M
FY2022$28.3M
FY2023$29.4M
FY2024$97.8M
Net assets
$12.5M
FY2022▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$9.7M
FY2022$12.5M
FY2023$24.4M
FY2024$30.9M

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $25.4M Management & general 6% · $1.8M Fundraising 4% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$228,712Pt VII · Sec A
$227,596Pt VII · Sec A
Chief Strategy Officer & General Counsel
$212,216Pt VII · Sec A
VP Data & Analytics
$204,417Pt VII · Sec A
VP Advocacy
$197,400Pt VII · Sec A
VP Operations
$192,989Pt VII · Sec A
Chief Product Officer Thru 8/2022
$189,589Pt VII · Sec A
Former Director, VP Organizing
$189,251Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ivy Brown$346,070$293,654———
Carrie J Grimes———$165,367$299,849
Rachel Lauter—$235,303$212,216——
Anthony Lower-Basc$230,184————
Carrie Joy Grimes$209,340$116,119$228,712——
Kathryn Bethell——$227,596——
Winsor Aldeborgh$181,643$224,814$204,417——
Anjali Sakaria$223,135$220,865$197,400$200,000—

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.

See Workmoney INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps Americans reduce expenses and increase earnings.

Questions for Workmoney INC

Tap to ask. Workmoney INC sees how many people are interested.

Your first name shows with your question. Workmoney INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $25.4M · in their own filed words · FY2022
01

Outreach

Workmoney communicated with millions of financially struggling, hard-to-reach americans, delivering valuable real-time information to help them better weather financial challenges. Workmoney provided information across a range of communication channels to help americans navigate the economic crisis caused by the COVID-19 pandemic…

$17.6Mprogram expense
02

Education

Workmoney provided information to subscribers to help them navigate complex financial programs and services, to materially improve their financial well-being. Workmoney held personal conversations with american families about economic tools and their impact on their lives.

$5.5Mprogram expense
03

Advocacy

Workmoney educated decision-makers on the needs of working americans. This work included conducting policy research and analysis and supporting policies that help raise incomes and lower costs.

$2.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$40K
Grants paid · 8 grants · $12.6M · 2020–2024
Forward Action FundNH · FY2024$5,000,000
America VotesDC · FY2024$1,000,000
Votevets Action Fund INCDC · FY2024$750,000
Center for Voter InformationDC · FY2024$20,664
Forward Action FundNH · FY2023$250,000
America VotesDC · FY2020$4,200,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$31.1M
Ln 12
Gifts and grantsLn 1h$31.0M
Other incomeLn 4–11$57K
Fees for servicesLn 2g$23K
Money outPt IX
$28.3M
Ln 25
Programscol B$25.4M
Managementcol C$1.8M
Fundraisingcol D$1.1M
Owns and owesPt X
$12.5M
net assets · Ln 32
Cash and savingsLn 1–2$12.9M
Total assetsLn 16$12.9M
LiabilitiesLn 26$431K
PeoplePt VI, VII
11
listed · VII A
PaidVII A8
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31.0M
Noncash giftsLn 1g$473K
Fees for servicesLn 2g$23K
Investment incomeLn 3$2K
Other incomeLn 4–11$57K
Total revenueLn 12$31.1M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$11.6M
Cash and savings togetherLn 1–2$12.9M
Total assetsLn 16$12.9M
LiabilitiesLn 26$431K
Net assetsLn 32$12.5M
OperationsPt I, VI
EmployeesI 534
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$6.7M$12.9M
Total assetsLn 16$9.9M$12.9M
LiabilitiesLn 26$224K$431K
Net assetsLn 32$9.7M$12.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$722K$361K$180K$180K
Other salaries and wagesLn 7$4.2M$3.4M$655K$229K
Pension plan contributionsLn 8$218K$168K$35K$15K
Other employee benefitsLn 9$542K$371K$52K$119K
Payroll taxesLn 10$377K$286K$63K$29K
Legal feesLn 11b$180K$180K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$5.9M$5.2M$234K$450K
Advertising and promotionLn 12$12.7M$12.7M
Office expensesLn 13$123K$14K$107K$657
Information technologyLn 14$2.8M$2.7M$69K$10K
TravelLn 17$124K$61K$32K$30K
Conferences, conventions and meetingsLn 19$76K$13K$8K$55K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$301K$132K$161K$8K
Total functional expensesLn 25$28.3M$25.4M$1.8M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $103.1M$97.8M$5.3M$30.9M 990 PDF
FY2023 $41.4M$29.4M$11.9M$24.4M 990 PDF
FY2022 Viewing $31.1M$28.3M$2.8M$12.5M 990 PDF
FY2021 $19.1M$12.8M$6.2M$9.7M 990 PDF
FY2020 $20.7M$17.3M$3.4M$3.4M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $31,104,409 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,052,200$31,021,931
I-9 Program service revenuePrior year $0$23,345
I-10 Investment incomePrior year $0$2,179
I-11 Other revenuePrior year $0$56,954
I-12 Total revenuePrior year $19,052,200$31,104,409
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,702,738$6,107,245
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,112,894$22,182,008
I-18 Total expensesPrior year $12,815,632$28,289,253
I-19 Revenue less expensesPrior year $6,236,568$2,815,156
Part VI · Governance 3 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $31,104,409 across 7 lines filed
VIII-1f All other contributions, gifts and grants$31,021,931
VIII-1g Noncash contributions (included above)$473,350
VIII-1h Total contributions, gifts and grants$31,021,931
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,250 · Unrelated business $22,095$23,345
VIII-3 Investment incomeExcluded from tax $2,179$2,179
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $56,954$56,954
VIII-12 Total revenueRelated to mission $58,204 · Unrelated business $22,095 · Excluded from tax $2,179$31,104,409
Part IX · Statement of functional expenses $28,289,253 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $360,830 · Management $180,415 · Fundraising $180,415$721,660
IX-7 Other salaries and wagesPrograms $3,363,903 · Management $655,029 · Fundraising $229,217$4,248,149
IX-8 Pension plan contributionsPrograms $167,630 · Management $34,942 · Fundraising $15,420$217,992
IX-9 Other employee benefitsPrograms $371,396 · Management $51,820 · Fundraising $118,915$542,131
IX-10 Payroll taxesPrograms $286,171 · Management $62,551 · Fundraising $28,591$377,313
IX-11b Legal feesManagement $180,110$180,110
IX-11c Accounting feesManagement $1,016$1,016
IX-11g Other fees for servicesPrograms $5,242,725 · Management $234,425 · Fundraising $450,480$5,927,630
IX-12 Advertising and promotionPrograms $12,659,441$12,659,441
IX-13 Office expensesPrograms $14,411 · Management $107,474 · Fundraising $657$122,542
IX-14 Information technologyPrograms $2,701,443 · Management $68,829 · Fundraising $9,502$2,779,774
IX-17 TravelPrograms $61,171 · Management $32,462 · Fundraising $30,275$123,908
IX-19 Conferences, conventions and meetingsPrograms $13,255 · Management $7,890 · Fundraising $55,138$76,283
IX-23 InsuranceManagement $10,119$10,119
IX-24 Other expenses (24a–d)Programs $132,384 · Management $161,266 · Fundraising $7,535$301,185
IX-25 Total functional expensesPrograms $25,374,760 · Management $1,788,348 · Fundraising $1,126,145$28,289,253
Part X · Balance sheet $12,929,547 assets, 12 lines filed
Asset lines not itemized here account for $1,565; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $6,707,713$1,313,525
X-2 Savings and temporary cash investmentsStart of year $0$11,605,518
X-3 Pledges and grants receivableStart of year $3,200,000$0
X-4 Accounts receivableStart of year $0$8,939
X-16 Total assetsStart of year $9,907,713$12,929,547
X-17 Accounts payable and accrued expensesStart of year $223,888$360,566
X-25 Other liabilitiesStart of year $0$70,000
X-26 Total liabilitiesStart of year $223,888$430,566
X-27 Net assets without donor restrictionsStart of year $7,050,564$3,679,105
X-28 Net assets with donor restrictionsStart of year $2,633,261$8,819,876
X-32 Total net assets or fund balancesStart of year $9,683,825$12,498,981
X-33 Total liabilities and net assetsStart of year $9,907,713$12,929,547
Part XI · Reconciliation of net assets $12,498,981 net assets at year end
XI-1 Total revenue$31,104,409
XI-2 Total expenses$28,289,253
XI-3 Revenue less expenses$2,815,156
XI-4 Net assets at start of year$9,683,825
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,498,981

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.