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Nonprofit · EIN 62-1751430

THE WORKS INC

Tax-exempt · MEMPHIS, TN 38106

Financials

$40.2M$5.7M2023$12.9M$13.4M2024
Revenue Expenses · by fiscal year end
Financials of THE WORKS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$12,942,057$13,370,489-$428,432$41,809,427$4,664,643$37,144,784
December 31, 2023990$40,214,549$5,746,450$34,468,099$40,135,916$2,562,700$37,573,216
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$10,909,828
of which government grants
$1,598,880
Program service revenue
$1,332,196
Investment income
$386,903
Net rental income
$288,228
Net income from sales of inventory
$24,902
Other revenue
$313,130

Expenses

Grants and similar amounts paid
$7,170,010
Other salaries and wages
$2,415,528
Salaries, compensation and benefits (total)
$2,915,469
Professional fundraising fees
$0
Legal fees
$413,643
Accounting fees
$108,194
Travel
$47,263
Depreciation
$247,224
Program services (functional)
$12,391,763
Management and general (functional)
$892,121
Fundraising (functional)
$86,605

Balance sheet and other

Total assets, start of year
$40,135,916
Total assets, end of year
$41,809,427
Total liabilities, end of year
$4,664,643
Net assets, end of year
$37,144,784
Land, buildings and equipment
$7,471,267
Net assets without donor restrictions
$37,144,784
Gross receipts
$13,067,022
Employees
41
Volunteers
25
Year formed
1993
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Roshun AustinCEO
Officer, Key employee, Highest-paid employee
40$252,918$14,121
Steve BarlowVice President
Officer, Key employee, Highest-paid employee
40$226,923$13,625
Corey DavisLegal and Policy
Highest-paid employee
40$105,566$14,496
Vincent SawyerStaff Attorney
Highest-paid employee
40$105,566$11,339
Quincy JonesPlanning and Special Programs
Highest-paid employee
40$106,784$9,367
Gregory LoveHousing Development
Highest-paid employee
40$101,743$9,820
Kenya HooksSecretary
Trustee or director, Officer
0$0$0
Paul MorrisChairman
Trustee or director, Officer
0$0$0
Carol MosleyBoard Member
Trustee or director
0$0$0
Vernon Motlow SrTreasurer
Trustee or director
0$0$0
Jason WexlerBoard Member
Trustee or director
0$0$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
Roshun AustinCEO
Officer, Key employee, Highest-paid employee
40$225,425
Steve BarlowVice President
Officer
32$199,015
Ron BelzBoard Member
Trustee or director
0$0
Camille FultonBoard Member
Trustee or director
0$0
Kenya HooksSecretary
Trustee or director, Officer
0$0
Kendrick JoyceTreasurer
Trustee or director, Officer
0$0
Lisa KlesgesBoard Member
Trustee or director, Officer
0$0
Paul MorrisChairman
Trustee or director, Officer
0$0
Carol MosleyBoard Member
Trustee or director
0$0
Vernon Motlow SrBoard Member
Trustee or director
0$0
April SimmonsBoard Member
Trustee or director
0$0
Yousef ValineBoard Member
Trustee or director
0$0
Jason WexlerBoard Member
Trustee or director
0$0
Vincent SawyerStaff Attorney
Key employee
40$0

Address and contacts

Address (IRS master file)
1471 GENESIS CIR, MEMPHIS, TN 38106-5808
Principal officer (990 for 2024)
Roshun Austin, 1471 Genesis Circle, Memphis, TN 38106
Signed the 990
Roshun Austin, President & CEO
Phone
(901) 946-9675
Return prepared by
BANKS FINLEY WHITE & CO

Mission

The Works, Inc. rebuilds, restores, and renews Memphis neighborhoods through innovation, advocacy and collaboration.

990 for the year ended December 31, 2024

Program accomplishments

  • The organization provides an array of services and programs related to community and economic development. This includes neighborhood revitalization, consumer advocacy, and other supportive social services in support of families and persons requisite to a holistic, healthful, and soci-economic success.
    Expenses $10,261,402 · grants $7,170,010 · revenue $13,282,874
  • The organization provides housing assistance programs to consumers who reside within its targetd areas. These services include home buyer education, down payment assistance, and affordable leases in safe housing.
    Expenses $1,594,976
  • The organization has several programs aimed at combatting hunger, especially in areas that have been deemed food deserts. The organization also provides nutritional education and sustenance to many of its consumers. The organization operates a community grocer as well as sponsoring a Farmers Market to provide healty meal options for its consumers.
    Expenses $535,385

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
62-1751430
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$41,809,427
Income (IRS master file)
$13,067,022

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$12,942,057$13,370,489$41,809,427XML
990December 2023$40,214,549$5,746,450$40,135,916XML
990December 2022$7,749,175$8,067,114$6,434,031IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1751430).

Questions about THE WORKS INC

What is the EIN of THE WORKS INC?
The employer identification number (EIN) of THE WORKS INC is 62-1751430.
Is THE WORKS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to THE WORKS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE WORKS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE WORKS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE WORKS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE WORKS INC?
The 990 for the year ended December 31, 2024 names Roshun Austin.
Who are the officers and directors of THE WORKS INC?
The 990 for the year ended December 31, 2024 lists 11 people; 6 received compensation from the organization, the highest $252,918 (Roshun Austin, CEO).
How much revenue does THE WORKS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $12,942,057, expenses of $13,370,489 and total assets of $41,809,427 at year end.

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