Nonprofit · EIN 94-2478143
THE ESOP ASSOCIATION OF AMERICA
Tax-exempt · WASHINGTON, DC 20001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,652,427 | $10,926,525 | -$274,098 | $5,958,407 | $5,287,182 | $671,225 |
| December 31, 2023 | 990 | $9,729,069 | $9,475,613 | $253,456 | $6,482,421 | $5,519,886 | $962,535 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,082,903
- Investment income
- $169,084
- Royalties
- $206,934
- Net gain from sales of assets
- $107,969
- Other revenue
- $400,440
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $545,507
- Other salaries and wages
- $2,907,422
- Salaries, compensation and benefits (total)
- $4,280,004
- Professional fundraising fees
- $0
- Legal fees
- $45,554
- Accounting fees
- $38,600
- Occupancy
- $332,599
- Travel
- $219,345
- Depreciation
- $113,058
Balance sheet and other
- Total assets, start of year
- $6,482,421
- Total assets, end of year
- $5,958,407
- Total liabilities, end of year
- $5,287,182
- Net assets, end of year
- $671,225
- Land, buildings and equipment
- $464,276
- Publicly traded securities
- $1,980,512
- Net assets without donor restrictions
- $671,225
- Gross unrelated business income
- $51,662
- Gross receipts
- $10,906,016
- Employees
- 29
- Volunteers
- 150
- Year formed
- 1978
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES BONHAM | PRESIDENT & CEO Officer | 35 | $507,594 | $72,513 | $37,913 |
| KRISTIE MARK | CHIEF OPERATING OFFICER Highest-paid employee | 30 | $253,984 | $84,662 | $56,584 |
| DANIEL MARCUE VICE PRESIDENT | FOR CHAPTER AND EDUCATIONAL PROGRAM Highest-paid employee | 40 | $270,189 | $0 | $67,688 |
| GREG FACCHIANO VP GOVERNMENT | RELATIONS AND PUBLIC AFFAIRS Highest-paid employee | 40 | $226,310 | $0 | $68,586 |
| JENNIFER EDWARDS | VICE PRESIDENT, MEMBER SERVICES Highest-paid employee | 40 | $163,705 | $0 | $52,943 |
| DANIELLE DUFFY | SENIOR DIRECTOR OF OPERATIONS Highest-paid employee | 31 | $142,500 | $30,000 | $26,197 |
| KAREN ELLIS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DERRICK VICK | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALI JAMSHIDI | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVE EARLE | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CARA BENNINGFIELD | PROFESSIONAL MEMBER AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| CONNIE BURNETTE | AT LARGE BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID FITZ-GERALD | CHAIR EMPLOYEE OWNERSHIP FOUNDATION Trustee or director | 1 | $0 | $0 | $0 |
| PETER A NEY | CHAIR PUBLIC POLICY Trustee or director | 1 | $0 | $0 | $0 |
| ROBYN POLLINA AT LARGE | BOARD MEMBER - UNTIL 4/2024 Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY SHORMAN | AT LARGE BOARD MEMBER Trustee or director | 1 | $0 |
| BECKY STREFF | CHAIR CRCC Trustee or director | 1 | $0 |
| LORI STUART | CHAIR ADVISORY Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES BONHAM | PRESIDENT & CEO Officer | 35 | $482,163 | $68,880 | $32,820 |
| KRISTIE MARK | CHIEF OPERATING OFFICER Highest-paid employee | 30 | $229,566 | $76,522 | $35,601 |
| DANIEL MARCUE | CHAPTER DEVELOPMENT Highest-paid employee | 40 | $233,490 | $0 | $49,149 |
| GREG FACCHIANO | VP GIVT RELATIONS AND PUBLIC AFFAIRS Highest-paid employee | 40 | $210,936 | $0 | $43,992 |
| AMANDA RUSHING | VP OF EVENTS & EDUCATION Highest-paid employee | 40 | $154,204 | $0 | $46,735 |
| KAREN ELLIS | CHAIR - AS OF 4/2023 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DERRICK VICK | VICE CHAIR - AS OF 4/2023 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALI JAMSHIDI | IMMEDIATE PAST CHAIR - AS OF 4/2023 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GARY SHORMAN | IMMEDIATE PAST CHAIR - UNTIL 4/2023 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CINDY TURCOT IMMEDIATE | PAST CHAIR EOF - UNTIL 4/2023 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVE EARLE | SECRETARY/TREASURER - AS OF 4/2023 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CARA BENNINGFIELD | PROFESSIONAL MEMBER AT LARGE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID FITZ-GERALD | CHAIR EMPLOYEE OWNERSHIP FOUNDATION Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL GOLDSTEIN | AT LARGE BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRAIN IPPENSEN | AT LARGE BOARD MEMBER - UNTIL 4/2023 Trustee or director | 1 | $0 | $0 | $0 |
| PETER A NEY | CHAIR PUBLIC POLICY Trustee or director | 1 | $0 | $0 | $0 |
| ROBYN POLLINA | AT LARGE BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BECKY STREFF | CHAIR CRCC Trustee or director | 1 | $0 | $0 | $0 |
| LORI STUART | CHAIR ADVISORY Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 MASSACHUSETTS AVE NW STE 410, WASHINGTON, DC 20001-5657
- In care of
- % J MICHAEL KEELING
- Principal officer (990 for 2024)
- JAMES J BONHAM, 200 MASSACHUSETTS AVENUE NW 410, WASHINGTON, DC 20001
- Signed the 990
- JAMES J BONHAM, PRESIDENT AND CEO
- Phone
- (202) 293-2971
- Website
- WWW.ESOPASSOCIATION.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE ESOP ASSOCIATION REPRESENTS THE INTERESTS OF ALL CORPORATIONS THAT SPONSOR EMPLOYEE STOCK OWNERSHIP PLANS, OR ESOPS. THE ESOP ASSOCIATION PROVIDES ADVOCACY AND EDUCATIONAL SERVICES ON BEHALF OF ITS MEMBERS. CORPORATE MEMBERSHIP IN THE ESOP ASSOCIATION IS OPEN TO ALL ESOP COMPANIES; MEMBERS ARE CLOSELY HELD BUSINESSES, AND INCLUDE BOTH C AND S CORPORATIONS, ACROSS ALL INDUSTRIES.
Program accomplishments
- CONFERENCES, WEBINARS, AND ROUNDTABLES: OVER 11,600 ATTENDEES, MOSTLY EMPLOYEES OF ASSOCIATION MEMBERS, ATTENDED FOUR NATIONAL CONFERENCES, OVER 80 LOCAL, STATE, AND REGIONAL ROUNDTABLES, SEMINARS, AND CONFERENCES IN 2024. 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.
- 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.
- 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.
- PROVIDING TECHNICAL ASSISTANCE TO MEMBERS AND THE PUBLIC: PUBLICATIONS, SEMINARS, AND EDUCATION ON ESOP COMPANY MANAGEMENT.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-2478143
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,958,407
- Income (IRS master file)
- $10,906,016
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,652,427 | $10,926,525 | $5,958,407 | XML |
| 990 | December 2023 | $9,729,069 | $9,475,613 | $6,482,421 | XML |
| 990 | December 2022 | $8,572,753 | $8,810,694 | $5,217,535 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-2478143).
Questions about THE ESOP ASSOCIATION OF AMERICA
- What is the EIN of THE ESOP ASSOCIATION OF AMERICA?
- The employer identification number (EIN) of THE ESOP ASSOCIATION OF AMERICA is 94-2478143.
- Is THE ESOP ASSOCIATION OF AMERICA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1978.
- Which annual return does THE ESOP ASSOCIATION OF AMERICA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE ESOP ASSOCIATION OF AMERICA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE ESOP ASSOCIATION OF AMERICA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE ESOP ASSOCIATION OF AMERICA?
- The 990 for the year ended December 31, 2024 names JAMES J BONHAM.
- Who are the officers and directors of THE ESOP ASSOCIATION OF AMERICA?
- The 990 for the year ended December 31, 2024 lists 18 people; 6 received compensation from the organization, the highest $507,594 (JAMES BONHAM, PRESIDENT & CEO).
- How much revenue does THE ESOP ASSOCIATION OF AMERICA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,652,427, expenses of $10,926,525 and total assets of $5,958,407 at year end.
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