501 Alliance
- Assets
- $41.8m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Taylor, MI
- Founding
- 12/1973
- Data as of
- 12/2021
- EIN
- 23-7176487
Organization Overview
501 Alliance is located in Taylor, MI. The organization was established in 1973. According to its NTEE Classification (Y24) the organization is classified as: Supplemental Unemployment Compensation, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 501 Alliance is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, 501 Alliance generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REDUCE THE OPERATING COSTS OF OUR MEMBERS SO THEY CAN DEVOTE MORE OF THEIR FUNDS TO ACHIEVING THEIR MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REIMBURSEMENT TO UNEMPLOYMENT INSURANCE AGENCY FOR UNEMPLOYMENT COMPENSATION CLAIMS PAID BY THE STATE TO THE SEPARATED EMPLOYEES OF THE 501 ALLIANCE'S MEMBER AGENCIES, APPROXIMATELY 350 501(C)(3) CHARITABLE ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Westmoreland Secretary | OfficerTrustee | 1 | $0 |
Laurie Zarzecki Emelander Treasurer | OfficerTrustee | 1 | $0 |
Gale Overstreet Vice Preside | OfficerTrustee | 1 | $0 |
Larry Poupard President | OfficerTrustee | 1 | $0 |
Michael Blau Member | Trustee | 1 | $0 |
Remi Montigny Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,879,032 |
| Investment income | $806,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,486,360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,172,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $863,629 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $514,579 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,460 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,104 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,530,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,985 |
| Savings and temporary cash investments | $177,345 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,641 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,152,733 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,919,072 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,782,776 |
| Accounts payable and accrued expenses | $4,789 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,789 |
| Net assets without donor restrictions | $41,777,987 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,782,776 |
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Anthem Supplemental Unemployment Benefit Tr Indianapolis, IN | $374,093 | $14,195,196 |
Tyco International Us Inc Employment Transition Benefits Tr Glendale, WI | $0 | $9,239,493 |
Builders And Contractorssupplemental Unemployment Benefit T Byron Center, MI | $4,670,591 | $7,439,050 |
501 Alliance Taylor, MI | $41,782,776 | $5,172,296 |
Ibew Local 665 Supplemental Unemployment Benefit Fund Lansing, MI | $3,113,733 | $927,603 |
Contitech Usa Inc Supp Benefits Trust Fairlawn, OH | $395,140 | $272,121 |
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Plumbers Union Local No 55 Supplemental Unemployment Benefits Brooklyn Heights, OH | $1,719,239 | $32,378 |
Twin Disc Inc Supplemental Unemployment Benefits Plan Racine, WI | $30,250 | $313 |
Empire Detroit Stl Div Sub Oeba 20 -102160335660 Brooklyn, OH | $58,400 | $0 |
Thomas Steel Strip Corp Supplemental Unemployment Benefit Warren, OH | $8,705 | $0 |