Ownership Works

What it reported doing in 2024

Ownership works' core programs: since our founding in february 2021, ownership works ("o.w.") has generated strong momentum around shared ownership and successfully harnessed it to drive program adoption. O.w.'s core programs are: (1) hands-on guidance to help investors and public and private companies through each step in the process of implementing a shared ownership program; and (2) movement building to generate a groundswell of interest in shared ownership among world-class businesses and corporate leaders. Please find more details on these pillars' key activities and how these pillars interact below. Hands-on guidance: we help investors and companies implement holistic shared ownership programs. O.w.'s support includes resources and tailored guidance covering structuring and sizing a broad-based employee ownership plan; fostering a company culture of ownership that empowers employees to feel, think, and act like owners; and methods for enhancing employees' financial wellbeing to support wealth building through and beyond the ownership program. Movement building: through partnerships, events and network-building, data and insights, storytelling, and standard setting, we are catalyzing a groundswell of interest in employee ownership across corporate america. Ownership works is raising awareness and increasing engagement among our partners and key constituency groups spanning financial service firms; foundations and nonprofits; investors; labor advocates; pension funds; professional service providers; and public companies with broad-based employee ownership. Our impact to date: 1. 38 total investor partners; over 100 partners total. (as of october 2025) 2. 167 companies with board-approved shared ownership programs, reaching over 250,000 employees. (as of october 2025) 3. Over 10 billion in projected wealth generated and allocated to workers outside of the c-suite via shared ownership; 1.3 billion total wealth shared with workers outside of the c-suite. (as of october 2025). 4. In 2023, o.w. Hosted two successful in-person convenings that reached approximately 250 ceos, company executives, investors, and shared ownership advocates. In 2024, o.w. Hosted its third in-person convening, a two-day event with over 250 guests in attendance, representing 86 companies and 33 investment firms. 5. O.w. Reached over 12,700 followers on linkedin and reached over 2,500 newsletter subscribers. (as of october 2025).

Financial Efficiency

• Mission deployment rate: 88.1%; rating input score 88
• Program expense ratio: 77%; rating input score 77
• Fundraising efficiency: $10.69 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 86.7%; rating input score 87; 18th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -13.2%; rating input score 10; 10th percentile among comparable filings
• Total-asset coverage ratio: 4.11; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 66; 66th percentile among comparable filings
• Officer compensation ratio: 23.6%; rating input score 9; 9th percentile among comparable filings

Growth

• Program expense growth: 39.9% per year; rating input score 100; 95th percentile among comparable filings
• Revenue growth: -44.5% per year; rating input score 0; 0th percentile among comparable filings
• Asset growth: 1.3% per year; rating input score 100; 17th percentile among comparable filings