501 Alliance
- Assets
- $36.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Taylor, MI
- Founding
- 12/1973
- Data as of
- 12/2022
- 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 12/2022, 501 Alliance generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REDUCE THE OPERATING COSTS AND MITIGATE RISK FOR MICHIGAN NONPROFITS, HELPING THEM TURN THEIR PASSION INTO ACTION.
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Blau At Large | Trustee | 1 | $0 |
Veneese Chandler Member | Trustee | 1 | $0 |
Laurie Zarzecki Emelander Treasurer | OfficerTrustee | 1 | $0 |
Anne Evans At Large | Trustee | 1 | $0 |
Art Gadomski Member | Trustee | 1 | $0 |
Gregory Hurst At Large | 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 | $1,826,978 |
| Investment income | $968,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $454,224 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,249,927 |
| 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 | $1,314,946 |
| 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 | $468,264 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,283 |
| Fees for services: Other | $0 |
| Advertising and promotion | $117,396 |
| 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 | $2,001,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,279 |
| Savings and temporary cash investments | $704,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,390 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $35,144,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,046,393 |
| Accounts payable and accrued expenses | $368,969 |
| 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 | $368,969 |
| Net assets without donor restrictions | $35,677,424 |
| 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 | $36,046,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthem Supplemental Unemployment Benefit Tr Indianapolis, IN | $236,794 | $19,267,163 |
Johnson Controls Employment Transition Benefits Plan Glendale, WI | $0 | $9,662,897 |
Builders And Contractorssupplemental Unemployment Benefit T Jenison, MI | $5,046,316 | $7,405,331 |
501 Alliance Taylor, MI | $36,046,393 | $3,249,927 |
Ibew Local 665 Supplemental Unemployment Benefit Fund Madison Heights, MI | $2,943,633 | $830,638 |
Plumbers Union Local No 55 Supplemental Unemployment Benefits Brooklyn Heights, OH | $1,381,782 | $42,065 |
Contitech Usa Inc Supp Benefits Trust Fairlawn, OH | $416,619 | $0 |
Sherwin-Williams Co Sub Tr Cleveland, OH | $5,000 | $115,042 |
Twin Disc Inc Supplemental Unemployment Benefits Plan Racine, WI | $0 | $1 |
Empire Detroit Stl Div Sub Oeba 20 -102160335660 Brooklyn, OH | $53,052 | $0 |
Thomas Steel Strip Corp Supplemental Unemployment Benefit Warren, OH | $8,705 | $0 |