Assured Life Association
- Assets
- $137.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ludington, MI
- Founding
- 12/1945
- Data as of
- 12/2022
- 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 12/2022, Assured Life Association generated $36.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $13.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (30.8%) per year over the past 3 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
2022
Describe the Organization's Program Activity:
Part 3
TO PRESERVE THE CULTURE AND HISTORY OF DANISH SOCIETY THOUGH SCHOLARSHIPS AND PUBLIC SAFETY PROJECTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,610 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $953 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $14,500 |
| Other Revenue | $0 |
| Total Revenue | $36,662 |
| 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 | $3,263 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,160 |
| Total expenses | $13,423 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,781 |
| Other assets | $0 |
| Total assets | $137,781 |
| Total liabilities | $0 |
| Net assets or fund balances | $137,781 |
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