Lawschool Admissions Council Inc
- Assets
- $279.2m
- Revenue
- $91.6m
- Investments
- $197.1m
- Employees
- 435
- Location
- Newtown, PA
- Founding
- 12/1979
- Data as of
- 06/2022
- EIN
- 13-2998164
Organization Overview
Lawschool Admissions Council Inc is located in Newtown, PA. The organization was established in 1979. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Lawschool Admissions Council Inc employed 435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawschool Admissions Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lawschool Admissions Council Inc generated $91.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $100.6m during the year ending 06/2022. While expenses have increased by 7.3% 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.
Since 2015, Lawschool Admissions Council Inc has awarded 143 individual grants totaling $8,827,989. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LSAC IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO ADVANCE LAW AND JUSTICE BY PROMOTING ACCESS, EQUITY, AND FAIRNESS IN LAW SCHOOL ADMISSION AND SUPPORTING THE LEARNING JOURNEY FROM PRELAW THROUGH PRACTICE. LSAC PROVIDES PRODUCTS AND SERVICES THAT SUPPORT CANDIDATES AND SCHOOLS THROUGHOUT THE LAW SCHOOL ADMISSION PROCESS, AND INNOVATIVE SOLUTIONS TO EXPAND AND DIVERSIFY THE RANGE OF PRELAW STUDENTS, ENHANCE STUDENT OUTCOMES IN LAW SCHOOL, AND SUPPORT LEGAL PROFESSIONALS THROUGHOUT THEIR CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTERED LAW SCHOOL ADMISSION TESTS (LSAT). PROVIDED THE LAW SCHOOL CREDENTIAL ASSEMBLY SERVICE (CAS) FOR CANDIDATES. PREPARED AND SENT REPORTS TO LAW SCHOOLS ON BEHALF OF CANDIDATES, CONDUCTED EDUCATIONAL RESEARCH FOR THE LEGAL COMMUNITY.
DEVELOPED AND MAINTAINED LAW SCHOOL ADMISSIONS LSAC SOFTWARE FOR LAW SCHOOLS. PROVIDED ONLINE TEST PREP TO NEW SUBSCRIBERS THROUGH LAWHUB.
HELD IN-PERSON AND DIGITAL NATIONAL LAW SCHOOL FORUMS TO ACQUAINT STUDENTS WITH THEIR LEGAL EDUCATION ALTERNATIVES. HELD VARIOUS TRAINING AND EDUCATION PROGRAMS FOR MEMBER LAW SCHOOL ADMISSION PROFESSIONALS. LAW SCHOOL TRANSPARENCY (LST) HELPS PRELAW STUDENTS MAKE STRATEGIC CHOICES ABOUT WHERE TO ATTEND LAW SCHOOL. THERE WERE MANY NEW SUBSCRIBERS AND ENROLLMENTS. LEARN SKILLS THAT WILL HELP YOU SUCCEED FROM EXPERTS ACROSS THE PROFESSION VIA THE MODERN LAW PRACTICE (MLP).
CONDUCTED PROGRAM AND RESEARCH IN ADVANCEMENT OF UNDERREPRESENTED INDIVIDUALS IN LEGAL EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kellye Y Testy President And CEO | OfficerTrustee | 37.5 | $802,747 |
Elena Maria Marty-Nelson Assessments Committee Chair | Trustee | 1.5 | $0 |
Elizabeth Kronk Warner Chair, Audit; Chair, Executive Compensation | Trustee | 1.5 | $0 |
Jannell Ludy Roberts Chair, Emerging Markets And Innovation | Trustee | 1.5 | $0 |
Justin Cruz Appointee-At-Large | Trustee | 1.5 | $0 |
Robert Schwartz Chair, Schools And Candidates | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Proctoru Inc Remote Test Proctoring Services | 6/29/23 | $7,209,971 |
Structure Tone Llc Building Renovations | 6/29/23 | $1,424,471 |
Acs Learning Inc Consulting Services | 6/29/23 | $1,334,336 |
Accion Labs Us Inc Consulting Services | 6/29/23 | $1,317,769 |
Capgemini America Inc Consulting Services-unite | 6/29/23 | $1,261,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,000 |
| Total Program Service Revenue | $74,774,383 |
| Investment income | $994,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,930 |
| Net Gain/Loss on Asset Sales | $4,806,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,618,085 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,624,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,164,656 |
| 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. | $1,270,670 |
| Compensation of current officers, directors, key employees. | $230,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,002,976 |
| Pension plan accruals and contributions | $2,638,756 |
| Other employee benefits | $7,125,590 |
| Payroll taxes | $2,559,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $257,026 |
| Fees for services: Accounting | $332,469 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $554,209 |
| Fees for services: Other | $10,490,946 |
| Advertising and promotion | $73,641 |
| Office expenses | $3,440,162 |
| Information technology | $5,041,445 |
| Royalties | $0 |
| Occupancy | $652,783 |
| Travel | $2,247,892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $334,547 |
| Interest | $55,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,311,190 |
| Insurance | $612,869 |
| All other expenses | $700,943 |
| Total functional expenses | $100,569,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,767,860 |
| Savings and temporary cash investments | $17,727,846 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,284,202 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $166,460 |
| Prepaid expenses and deferred charges | $2,135,687 |
| Net Land, buildings, and equipment | $11,911,135 |
| Investments—publicly traded securities | $21,380,400 |
| Investments—other securities | $197,110,750 |
| Investments—program-related | $0 |
| Intangible assets | $23,216,288 |
| Other assets | $459,881 |
| Total assets | $279,160,509 |
| Accounts payable and accrued expenses | $7,974,877 |
| Grants payable | $0 |
| Deferred revenue | $14,967,443 |
| 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 | $47,015 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,980,110 |
| Total liabilities | $33,969,445 |
| Net assets without donor restrictions | $245,191,064 |
| 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 | $279,160,509 |
Grants Awarded
Over the last fiscal year, Lawschool Admissions Council Inc has awarded $1,589,078 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF MEMPHIS PURPOSE: PLUS 2022 AND 2023 | $81,554 |
ANTIRACIST DEVELOPMENT INSTITUTE PURPOSE: DEI GRANT | $125,000 |
SEATTLE UNIVERSITY PURPOSE: PLUS 2022 AND 2023 | $103,971 |
NORTH CAROLINA CENTRAL UNIVERSITY PURPOSE: PLUS 2022 AND 2023 | $38,644 |
STREET LAW PURPOSE: PIPELINE GRANT | $20,000 |
THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND PURPOSE: PLUS 2022 AND 2023 | $89,177 |