Overview
What is The 501 Alliance?
The 501 Alliance is a nonprofit organization located in Taylor, Michigan. It primarily focuses on supporting approximately 350 charitable organizations, which are its member agencies. The main objective of The 501 Alliance is to reduce operational costs and mitigate risks for these Michigan-based nonprofits, thereby enabling them to effectively translate their passion into action. To achieve this goal, they reimburse the unemployment insurance agency for unemployment compensation claims paid to the separated employees of their member agencies. This financial assistance helps lessen the financial burden on these nonprofits, allowing them to focus more on their mission and services.
Official website here: www.501alliance.org
Is The 501 Alliance legitimate?
The 501 Alliance is a legitimate nonprofit organization registered as a 501(c)(4) entity. The 501 Alliance submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.501alliance.org
What is the mission statement of The 501 Alliance?
The 501 Alliance's mission is focused on assisting Michigan-based nonprofit organizations. Their primary goal is to reduce operational costs and manage risks for these charitable organizations, thereby enabling them to channel their passion into meaningful action. The alliance achieves this by offering a reimbursement service to the Unemployment Insurance Agency for unemployment compensation claims paid by the state to separated employees of their member agencies, which number approximately 350 501(C)(3) organizations. This initiative helps these nonprofits to manage their financial resources more effectively, allowing them to focus on their primary social missions.
Official website here: www.501alliance.org
Who is the CEO of The 501 Alliance?
Larry Poupard is the At Large of The 501 Alliance.
Official website here: www.501alliance.org
What is the revenue of The 501 Alliance?
The 501 Alliance's revenue in 2022 was $3,249,927.
Official website here: www.501alliance.org
Who are the executives of The 501 Alliance and what are their salaries?
There 17 volunteers at The 501 Alliance.
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Official website here: www.501alliance.org
Where can I find the form 990 for The 501 Alliance?
The 501 Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.501alliance.org
Learn more at the official website: www.501alliance.org
Mission Statement of The 501 Alliance
The 501 Alliance, a Michigan-based organization, is dedicated to a noble mission. Its primary goal is to assist local nonprofit organizations by reducing their operating costs and mitigating risks. This mission allows these charitable entities to channel their passion and resources more effectively into action, contributing positively to their communities. To achieve this objective, The 501 Alliance provides a reimbursement service to the Unemployment Insurance Agency. This reimbursement covers unemployment compensation claims paid by the state to the separated employees of its member agencies, which number approximately 350 501(C)(3) nonprofit organizations. By offering this service, The 501 Alliance helps these nonprofits navigate the complexities of employment-related issues, allowing them to focus on their primary missions of serving and improving their communities.
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Impact
October, 2024
The 501 Alliance significantly impacts Michigan's charitable organizations by reducing operating costs and mitigating risks associated with unemployment claims. By reimbursing the Unemployment Insurance Agency for claims paid to separated employees of around 350 member agencies, The 501 Alliance helps these organizations conserve financial resources that can be redirected toward fulfilling their missions. This support not only alleviates financial burdens but also empowers nonprofits to turn their passion into actionable community service, strengthening the overall nonprofit sector in Michigan. Through these efforts, The 501 Alliance fosters sustainability and resilience among charitable organizations, enabling them to better serve their communities.
This information is meant to be a general summary of The 501 Alliance. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,422,949
- Program Service Revenue: $1,826,978
- Gross Receipts: $3,259,998
Assets and Liabilities:
- Total Assets: $36,046,393
- Total Liabilities: $368,969
- Net Assets: $35,677,424
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER FEES
Revenue
$1,826,978
Organization Details
Founding Year
1972
Phone
(800) 968-9675Principal Officer
Larry Poupard
Main Address
20300 SUPERIOR ROAD SUITE 190, TAYLOR, MI, 48180
Website
www.501alliance.orgNTEE Category
Code: Y20 - Mutual benefit
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