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INSTITUTE FOR WORK AND THE ECONOMY

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Public IRS 990 nonprofit record

INSTITUTE FOR WORK AND THE ECONOMY

EIN 36-4389954 · Economic Development (S30)

What they do

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.IN 2024: SUPPORTED THE DEVELOPMENT & IMPLEMENTATION of THE SOYBEAN INNOVATION CENTER UNDER THE ILLINOIS SOYBEAN ASSOCIATION. A MEMBER of THE COMMITTEE ON DIVERSITY, EQUITY, & INCLUSION of THE ILLINOIS WORKFORCE INNOVATIONS BOARD. A MEMBER of THE REGIONAL ECONOMY COMMITTEE of THE CHICAGO METROPOLITAN AGENCY for PLANNING. AN AFFILIATE MEMBER of THE ILLINOIS INNOVATION NETWORK of THE ILLINOIS UNIVERSITIES, EVALUATOR of ABE-LINC, A FEDERALLY FUNDED PROGRAM PROVIDING TRAINING SUPPORT to LOW-WEALTH COMMUNITIES RECEIVING BROADBAND SERVICES, INITIATED A PROJECT ON THE RESPONSIBLE USES & DEVELOPMENT of AI IN WORK. ADVISED THE EECOLE INITIATIVE of THE ORGANIZATION for ECONOMIC COOPERATION& DEVELOPMENT, &

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $73.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.67%of revenue went to mission work73.5% of expenses · Program services
$32.24spent for every $100 of revenueRevenue covered expenses this year.
$0.71in assets for every $1 spent this yearSome assets cannot be spent right away.
4.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$75,406
Mission workProgram services$69,12691.67% of revenue73.5% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$94,038124.71% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2018CurrentExpense mix: 73.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 124.71% of revenue
2017Expense mix: 91.1% mission · 0.0% management · 0.0% fundraisingTotal expenses: 164.45% of revenue
2016Expense mix: 59.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 35.91% of revenue

Money in and money out

Revenue$359,171
Expenses$115,813
Annual surplus $243,358 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$69,126 · 59.7% of expenses
See all reported dollar amounts
Revenue$359,171
Expenses$115,813
Assets$82,081
Income$359,171
Contributions$14,246
Mission work (program services)$69,126
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (12)

BYRON ZUIDEMADIRECTOR

CHIPO NYAMBUYADIRECTOR

DEE DAVISDIRECTOR

ELIZABETH DIANA WHITEDIRECTOR

KELSEY DAVISDIRECTOR

MARY V L WRIGHTDIRECTOR

MELODY LEWISDIRECTOR

MICHAEL ANDREWSDIRECTOR

ROBERT KNIGHTDIRECTOR

STEPHANIE FARFANDIRECTOR

SWATI GHOSHDIRECTOR

WILLIAM LAZONICKDIRECTOR

About this charity

Recognized since
January 2001
Location
PO BOX 4061, OAK PARK, IL 60303-4061
County
Cook
In care of
PETER CRETICOS
Primary officer
PETER CRETICOS, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990EZ
Tax preparer
OPCPAS
NTEE classification
Economic Development (S30)
IRS tax category
Economic Development

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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