Overview
What is The Esop Association?
The Esop Association, a notable nonprofit organization based in Washington D.C., primarily serves corporations that sponsor Employee Stock Ownership Plans (ESOPs). With a mission to represent their interests, the association offers advocacy and educational services to its members. In 2022, they hosted a multitude of events, including four national conferences and over 70 local, regional, and state roundtables, seminars, and conferences. These gatherings focused on enhancing the management and leadership skills of employee-owned companies, leading to increased productivity and profitability. The Esop Association, with a team of 20 dedicated individuals, also focuses on the numerous laws and regulations, judicial rulings that corporations sponsoring ESOPs must comply with. The association is open to membership from various closely held businesses, including both C and S corporations, across all industries.
Official website here: www.esopassociation.org
Is The Esop Association legitimate?
The Esop Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Esop Association 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $462,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,984,703
For more financial information, click here
Official website here: www.esopassociation.org
What is the mission statement of The Esop Association?
The Esop Association serves as an advocacy and educational platform, representing the interests of corporations that sponsor Employee Stock Ownership Plans (ESOPs). Its mission is to provide support to its member corporations, which are primarily closely held businesses, encompassing both C and S corporations, across various industries. The association actively advocates on behalf of its members and offers educational resources to promote the understanding and effectiveness of ESOPs.
Official website here: www.esopassociation.org
Who is the CEO of The Esop Association?
James J Bonham is the Chair of The Esop Association. The CEO's salary of The Esop Association is $430,456 and their total compensation is $534,518.
Official website here: www.esopassociation.org
What is the revenue of The Esop Association?
The Esop Association's revenue in 2022 was $8,572,753.
Official website here: www.esopassociation.org
Who are the executives of The Esop Association and what are their salaries?
The average compensation at The Esop Association during 2022 was $122,339. There are 20 employees and 150 volunteers at The Esop Association.
Here are 16 key members and their salaries (The Esop Association's CEO's salary is $430,456 and their total compensation is $534,518):
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- Compensation: $430,456
- Related: $72,440
- Other: $31,622
- Compensation: $217,319
- Related: $61,494
- Other: $37,681
- Compensation: $220,036
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- Other: $51,451
- Compensation: $137,827
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- Other: $39,437
- Compensation: $202,131
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- Other: $42,867
Official website here: www.esopassociation.org
Where can I find the form 990 for The Esop Association?
The Esop Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.esopassociation.org
Learn more at the official website: www.esopassociation.org
Mission Statement of The Esop Association
The Esop Association, an organization dedicated to representing the interests of various corporations, plays a crucial role in supporting companies that sponsor Employee Stock Ownership Plans (ESOPs). This nonprofit body provides advocacy and educational services on behalf of its members, which primarily consist of closely held businesses, encompassing both C and S corporations, and span various industries. The Esop Association's mission is to safeguard the interests of these corporations, ensuring their voices are heard and their concerns addressed in the realm of ESOPs. By doing so, the association aims to foster a conducive environment for the growth and success of ESOP companies.
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Impact
October, 2024
The Esop Association significantly impacts corporations sponsoring Employee Stock Ownership Plans (ESOPs) by fostering a culture of ownership and engagement among employees. Through a variety of educational initiatives, including national conferences, local roundtables, and webinars, the association has facilitated learning for over 9,000 participants in a single year.
These gatherings concentrate on critical aspects of management and leadership, aiming to enhance the ownership culture within ESOP companies. Research indicates that such a culture leads to increased productivity and profitability, thereby benefiting both employees and companies.
Furthermore, The Esop Association equips its members with vital knowledge about compliance with the complex legal and regulatory landscape surrounding ESOPs, ensuring that businesses can navigate these frameworks effectively. By advocating for the interests of ESOP corporations, The Esop Association plays a pivotal role in promoting employee ownership as a viable and successful business model across various industries.
This information is meant to be a general summary of The Esop Association. 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: $97,201
- Program Service Revenue: $8,073,359
- Gross Receipts: $8,835,199
Assets and Liabilities:
- Total Assets: $5,217,535
- Total Liabilities: $4,734,330
- Net Assets: $483,205
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEMINARS/CONFERENCES
Revenue
$5,241,191
MEMBERSHIP DUES
Revenue
$2,611,426
OTHER PROGRAMS
Revenue
$169,696
PUBLICATIONS
Revenue
$51,046
Organization Details
Founding Year
1978
Phone
(202) 293-2971Principal Officer
James J Bonham
Main Address
200 MASSACHUSETTS AVENUE NW 410, WASHINGTON, DC, 20001
Website
www.esopassociation.orgNTEE Category
Code: S40 - Community improvement
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