EIN 94-2478143

Employee Stock Ownership Plan (ESOP)

IRS 501(c) type
501(c)(6)
Num. employees
20
Year formed
1978
Most recent tax filings
2022-12-01
NTEE code, primary
Description
An Employee Stock Ownership Plan (ESOP) is an employee benefit plan which makes the employees of a company owners of stock in that company. Several features make ESOPs unique as compared to other employee benefit plans.
Also known as...
The ESOP Association
Total revenues
$8,572,753
2022
Total expenses
$8,810,694
2022
Total assets
$5,217,535
2022
Num. employees
20
2022

Program areas at ESOP

Conferences, webinars, and roundtables: over 9000 persons, mostly employees of Association members, attended four national conferences, over 70 local, state, and regioinal roundtables, seminars, and conferences in 2022. These gatherings focused primarily on management and leadership learning to improve corporate members' ownership culture that research and data indicates leads to more productive and profitable employee owned companies. Secondarily, The education focused on The many laws and regulations, judicial rulings that must be complied with by corporations sponsoring an employee stock ownership plan.
Government relations: in accord with its (c)(6) status, The Association provides representation services to its members, or lobbying services, by interacting with its members to express their positions on legislation and regulations that impact, or may impact ESOP operations and creation, and by interacting with offices of congress, certain regulatory agencies, primarily The irs and department of labor, and on occasion by filing amicus briefs in significant lawsuits that may impact ESOP operation and creation.
Membership: approximately 3,000 members are provided information about developments with regard to federal government legislative, regulatory, and judicial activities directly impacting The operation and creation of esops by u.s. Corporations, via written materials, social media, and website postings. The Association staff provides presentations to The many conferences and meetings noted in 4a above. The Association sells written materials, and electronic materials on The operation of esops in a manner that improves corporate performance, and complies with law and regulations. A membership directory is provided that includesprofessionals who provide unique services to corporations sponsoring esops, a listing of corporate members, by state, and by line of business.
Providing technical assistance to members and The public: publications, seminars, and education on ESOP company management.

Who funds Employee Stock Ownership Plan (ESOP)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Chemical Bank FoundationSenior Financial Empowerment Program$5,000

Personnel at ESOP

NameTitleCompensation
James BonhamPresident and Chief Executive Officer$430,456
Kristie MarkChief Operations Officer$217,319
Jennifer EdwardsVice President , Member Services$134,668
Karen EllisExecutive Vice President of Human Resources$0
Amanda RushingVice President of Events and Education$137,827
...and 13 more key personnel

Financials for ESOP

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$8,073,359
Investment income and dividends$45,226
Tax-exempt bond proceeds$0
Royalty revenue$282,193
Net rental income$0
Net gain from sale of non-inventory assets$51,975
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$120,000
Total revenues$8,572,753

Form 990s for ESOP

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-03990View PDF
2018-122019-06-19990View PDF
2017-122018-10-16990View PDF
...and 8 more Form 990s
Data update history
January 25, 2024
Updated personnel
Identified 7 new personnel
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 27, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 8, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsCommunity engagement / volunteeringFundraising races, competitions, and tournaments
General information
Address
200 Massachusetts Ave NW 410
Washington, DC 20001
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
esopassociation.org/ 
Phone
(202) 293-2971
Facebook page
ESOPAssociation 
Twitter profile
@esopassociation 
IRS details
EIN
94-2478143
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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