American Society Of Employers
- Assets
- $3.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 01/1940
- Data as of
- 12/2021
- EIN
- 38-0519450
Organization Overview
American Society Of Employers is located in Troy, MI. The organization was established in 1940. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society Of Employers is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, American Society Of Employers generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EMPLOYERS BY PROVIDING A BROAD RANGE OF INFORMATION, SERVICES, AND TRAINING THAT ENABLES THEM TO SUCCESSFULLY MANAGE THEIR MOST IMPORTANT ASSETS, THEIR PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEMBERSHIP SERVICES, INCLUDING COMPENSATION SURVEYS, GOVERNMENTAL UPDATES, RESEARCH, NEWS LETTERS, TRAINING, AND REFERENCE MATERIALS RELATED TO HUMAN RESOURCES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Corrado Ceo, President | Officer | 40 | $277,348 |
George Brown VP | Officer | 40 | $142,246 |
Michael J Burns Executive Vp, Secretary | Officer | 24 | $93,527 |
Tracy Neil CFO | Officer | 20 | $75,707 |
Kevin Marrs VP | 19 | $59,188 | |
Anthony Kaylin VP | 11 | $42,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $382,642 |
| 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 | $382,642 |
| Total Program Service Revenue | $2,084,659 |
| Investment income | $4,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,471,357 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $680,392 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,371 |
| Pension plan accruals and contributions | $58,894 |
| Other employee benefits | $8,874 |
| Payroll taxes | $71,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,620 |
| Advertising and promotion | $11,976 |
| Office expenses | $9,161 |
| Information technology | $56,886 |
| Royalties | $0 |
| Occupancy | $136,800 |
| Travel | $7,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $172,545 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $783 |
| Insurance | $9,911 |
| All other expenses | $5,257 |
| Total functional expenses | $1,652,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,853 |
| Savings and temporary cash investments | $2,499,639 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $769,331 |
| 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 | $94,134 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $434,177 |
| Total assets | $3,805,134 |
| Accounts payable and accrued expenses | $263,670 |
| Grants payable | $0 |
| Deferred revenue | $1,258,473 |
| 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 | $1,522,143 |
| Net assets without donor restrictions | $2,282,991 |
| 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 | $3,805,134 |
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|---|---|---|
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