Philadelphia Bar Association
- Assets
- $4.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 39
- Location
- Philadelphia, PA
- Founding
- 02/1940
- Data as of
- 12/2023
- EIN
- 23-0968283
Organization Overview
Philadelphia Bar Association is located in Philadelphia, PA. The organization was established in 1940. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Philadelphia Bar Association employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Bar Association 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 12/2023, Philadelphia Bar Association generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 years. 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
TO PROMOTE JUSTICE, PROFESSIONAL EXCELLENCE AND RESPECT FOR THE RULE OF LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAWYER REFERRAL SERVICE - PROVIDES LEGAL ADVICE TO THE GENERAL PUBLIC IN ORDER TO DETERMINE IF LITIGATION IS APPROPRIATE & REFER INDIVIDUALS TO QUALIFIED ATTORNEYS IF NECESSARY.
THE ASSOCIATION CONTRIBUTES TO PHILADELPHIA VIP, A 501(C)(3) PRO BONO LAW ORGANIZATION.
CONTINUING LEGAL EDUCATION, SECTION PROGRAMS, MEETING SERVICES - PROVIDE REQUIRED SEMINARS & COURSES TO AREA ATTORNEYS TO PROMOTE THE EXCHANGE OF IDEAS AMONG PROFESSIONALS IN A VARIETY OF LEGAL DISCIPLINES.
WEBSITE AND LEGAL PUBLICATIONS - PROVIDE REGIONAL LEGAL INFORMATION TO MEMBER ATTORNEYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley R Payne IV Board Member | OfficerTrustee | 3 | $0 |
Marc J Zucker Chancellor | OfficerTrustee | 20 | $0 |
Jennifer S Coatsworth Chancellor-Elect | OfficerTrustee | 10 | $0 |
Michael J Stackow Secretary | OfficerTrustee | 5 | $0 |
Diane Penneys Edelman Assisstant Secretary | OfficerTrustee | 5 | $0 |
Matthew S Olesh Treasurer | OfficerTrustee | 5 | $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 | $2,870,888 |
| Investment income | $73,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $395,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $126,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,665,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $438,418 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,271,192 |
| Pension plan accruals and contributions | $63,481 |
| Other employee benefits | $133,791 |
| Payroll taxes | $120,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,052 |
| Advertising and promotion | $0 |
| Office expenses | $145,453 |
| Information technology | $118,617 |
| Royalties | $0 |
| Occupancy | $55,000 |
| Travel | $1,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $348,573 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,852 |
| Insurance | $52,087 |
| All other expenses | $33,722 |
| Total functional expenses | $3,683,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,257 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $230,093 |
| 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 | $76,696 |
| Net Land, buildings, and equipment | $167,986 |
| Investments—publicly traded securities | $2,937,220 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $620,872 |
| Total assets | $4,274,124 |
| Accounts payable and accrued expenses | $334,461 |
| Grants payable | $0 |
| Deferred revenue | $290,219 |
| 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 | $620,872 |
| Total liabilities | $1,245,552 |
| Net assets without donor restrictions | $3,028,572 |
| 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 | $4,274,124 |