Assured Life Association
- Assets
- $147.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ludington, MI
- Founding
- 12/1945
- Data as of
- 12/2023
- EIN
- 23-7127136
Organization Overview
Assured Life Association is located in Ludington, MI. The organization was established in 1945. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Assured Life Association is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2023, Assured Life Association generated $22.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $12.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (24.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PRESERVE THE CULTURE AND HISTORY OF DANISH SOCIETY THOUGH SCHOLARSHIPS AND PUBLIC SAFETY PROJECTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,161 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,638 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,426 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,442 |
| Total expenses | $12,868 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $147,551 |
| Other assets | $0 |
| Total assets | $147,551 |
| Total liabilities | $0 |
| Net assets or fund balances | $147,551 |