Pa Lawyers Fund For Client Security
- Assets
- $20.3m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Harrisburg, PA
- Founding
- 03/1983
- Data as of
- 06/2023
- EIN
- 22-2436398
Organization Overview
Pa Lawyers Fund For Client Security is located in Harrisburg, PA. The organization was established in 1983. According to its NTEE Classification (I01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2023, PA Lawyers Fund For Client Security employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. PA Lawyers Fund For Client Security is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, PA Lawyers Fund For Client Security generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS ESTABLISHED BY THE SUPREME COURT OF PENNSYLVANIA TO REIMBURSE CLIENTS WHO HAVE SUFFERED A LOSS OF MONEY OR OTHER PROPERTY AS A RESULT OF THE DISHONEST CONDUCT OF PENNSYLVANIA ATTORNEYS. THE FUND IS A REMEDY FOR CLIENTS WHO ARE UNABLE TO OBTAIN REIMBURSEMENT FROM OTHER SOURCES, SUCH AS THIRD PARTIES OR THE ATTORNEY INVOLVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
100 CLAIMS RESULTED IN AWARDS TO INDIVIDUALS WHO SUFFERED LOSSES DUE TO THE MISCONDUCT OF MEMBERS OF THE PENNSYLVANIA BAR.
FUNDING FOR LAWYERS CONCERNED FOR LAWYERS, INC. (LCL), AS DIRECTED BY THE SUPREME COURT OF PA. LCL PROVIDES RESOURCES FOR IMPAIRED ATTORNEYS, WHICH HELPS MITIGATE LOSSES TO THEIR CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Peifer Morgan Esquire Exec Directo | Officer | 40 | $169,096 |
Barbara E Griffin Esquire Board Chair | Trustee | $0 | |
Bruce S Zero ESQ Vice Chair | Trustee | $0 | |
William J Joyce Treasurer | Trustee | $0 | |
Arthur H Stroyd Jr Esquire Director | Trustee | $0 | |
John P Kopesky ESQ Director | Trustee | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,498,580 |
| Investment income | $747,479 |
| 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 | $4,246,059 |
| 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. | $169,096 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,531 |
| Pension plan accruals and contributions | $21,344 |
| Other employee benefits | $6,479 |
| Payroll taxes | $15,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,866 |
| Fees for services: Accounting | $9,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,028 |
| Fees for services: Other | $825 |
| Advertising and promotion | $0 |
| Office expenses | $30,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,438 |
| Travel | $3,554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $730 |
| All other expenses | $1,052 |
| Total functional expenses | $1,527,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,932 |
| Savings and temporary cash investments | $5,809,099 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138,017 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,205,655 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,253,703 |
| Accounts payable and accrued expenses | $397,180 |
| Grants payable | $0 |
| Deferred revenue | $2,379,250 |
| 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 | $3,593 |
| Total liabilities | $2,780,023 |
| Net assets without donor restrictions | $0 |
| 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 | $17,473,680 |
| Total liabilities and net assets/fund balances | $20,253,703 |