Accesslex Institute
- Assets
- $2.2b
- Revenue
- $71.5m
- Investments
- $440.3m
- Employees
- 140
- Location
- West Chester, PA
- Founding
- 06/1993
- Data as of
- 03/2022
- EIN
- 23-2719985
Organization Overview
Accesslex Institute is located in West Chester, PA. The organization was established in 1993. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 03/2023, Accesslex Institute employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accesslex Institute 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 03/2022, Accesslex Institute generated $71.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $67.0m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Accesslex Institute has awarded 208 individual grants totaling $11,896,529. 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
PLEASE REFER TO SCHEDULE OPLEASE REFER TO THE BELOW DISCLOSURE FOR PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE REFER TO SCHEDULE OTHE ORGANIZATION SUPPORTS ITS STUDENT LOAN BORROWERS BY FACILITATING TIMELY REPAYMENT THROUGH INTEREST RATE REDUCTION INCENTIVES AND PROVIDING QUALITY CUSTOMER SERVICE, COUNSELING, ISSUE RESOLUTION, DEFAULT AVERSION AND POST DEFAULT MANAGEMENT. THE ORGANIZATION ALSO WORKS TO ENSURE THAT ITS STUDENT LOAN BORROWERS ARE PROVIDED WITH QUALITY AND EFFICIENT SERVICE THROUGHOUT THE DURATION OF THE REPAYMENT PERIOD.
PLEASE REFER TO SCHEDULE OTHE ORGANIZATION CONDUCTS AND SPONSORS RESEARCH, POLICY ANALYSIS, SERVICES AND PROJECTS THAT SEEK TO FURTHER ITS 2025 STRATEGIC PLAN TO ENHANCE ACCESS, AFFORDABILITY AND VALUE OF LEGAL EDUCATION. THE 2025 STRATEGIC PLAN ENUMERATES FOUR PRIMARY AREAS OF FOCUS TO ADVANCE THE ORGANIZATION'S MISSION: BAR EXAM SUCCESS: SUPPORTS DEVELOPMENT AND DISTRIBUTION OF INFORMATION, EDUCATION, DATA, INTERVENTIONS AND PROGRAMS TO ASSIST THE ORGANIZATION'S MEMBER LAW SCHOOLS AND THEIR STUDENTS IN IMPROVING BAR EXAM PREPARATION, READINESS AND ULTIMATE BAR PASSAGE SUCCESS.DIVERSITY: SUPPORTS DEVELOPMENT AND DISTRIBUTION OF INFORMATION, DATA, INTERVENTIONS AND PROGRAMS TO ASSIST THE ORGANIZATION'S MEMBER LAW SCHOOLS AND ASPIRING LAW STUDENTS FROM HISTORICALLY UNDERREPRESENTED RACIAL AND SOCIOECONOMIC BACKGROUNDS WITH INCREASING THE DIVERSITY OF LAW SCHOOLS' ADMITTED STUDENTS, MATRICULANTS, AND GRADUATES, WHILE ALSOSUPPORTING INCLUSION AND SUCCESS INITIATIVES.ACTIONABLE DATA: SUPPORTS EFFORTS TO ENCOURAGE THE COLLECTION, AGGREGATION AND SHARING OF RELEVANT DATA BY AND AMONG THOSE ENTITIES WHICH POSSESS DATA THAT CAN ADVANCE THE ORGANIZATION'S MISSION-BASED OBJECTIVES BY PROVIDING A MORE DATA-INFORMED BASIS FOR CRITICAL DECISION MAKING BY LAW SCHOOLS, LAW STUDENTS AND ASPIRING LAW STUDENTS. FINANCIAL EDUCATION: SUPPORTS DEVELOPMENT AND DISTRIBUTION OF INFORMATION, DATA, INTERVENTIONS AND PROGRAMS TO ASSIST THE ORGANIZATION'S MEMBER LAW SCHOOLS AND ASPIRING LAW STUDENTS WITH BRIDGING EXISTING FINANCIAL LITERACY GAPS AND INCREASING FINANCIAL CAPABILITY AND SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher P Chapman President & CEO | OfficerTrustee | 35 | $697,770 |
Robert K Rasmussen Board Chair | OfficerTrustee | 6 | $0 |
Mary Crossley Board Vice Chair | OfficerTrustee | 6 | $0 |
David Brennen Board Sec/treasurer | OfficerTrustee | 6 | $0 |
Danielle M Conway Board Member | Trustee | 6 | $0 |
Mark C Dawkins Board Member | Trustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nelnet Servicing Inc Loan Services | 3/30/23 | $1,686,331 |
Monticello Associates Investment Services | 3/30/23 | $625,000 |
Fp 440 1st Street Llc Rent | 3/30/23 | $452,258 |
Grow By Three Consulting Services | 3/30/23 | $439,221 |
D-town Associates Rent | 3/30/23 | $411,714 |
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 | $48,060,182 |
| Investment income | $9,976,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,426,921 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,548,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,260,818 |
| Grants and other assistance to domestic individuals. | $345,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,582,530 |
| Compensation of current officers, directors, key employees. | $1,025,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,700,261 |
| Pension plan accruals and contributions | $613,646 |
| Other employee benefits | $1,633,247 |
| Payroll taxes | $696,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $242,015 |
| Fees for services: Accounting | $255,249 |
| Fees for services: Lobbying | $105,845 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $500,000 |
| Fees for services: Other | $6,117,242 |
| Advertising and promotion | $1,072,446 |
| Office expenses | $84,185 |
| Information technology | $1,446,010 |
| Royalties | $0 |
| Occupancy | $792,594 |
| Travel | $124,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350,541 |
| Interest | $42,892,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $622,241 |
| Insurance | $428,027 |
| All other expenses | $0 |
| Total functional expenses | $67,049,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,705 |
| Savings and temporary cash investments | $7,312,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $253,474 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,186,470,332 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $794,130 |
| Net Land, buildings, and equipment | $773,454 |
| Investments—publicly traded securities | $396,073,666 |
| Investments—other securities | $440,349,692 |
| Investments—program-related | $14,000,000 |
| Intangible assets | $0 |
| Other assets | $137,031,329 |
| Total assets | $2,183,370,969 |
| Accounts payable and accrued expenses | $24,749,295 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,285,592,364 |
| Other liabilities | $1,543,271 |
| Total liabilities | $1,311,884,930 |
| Net assets without donor restrictions | $871,486,039 |
| 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 | $2,183,370,969 |
Grants Awarded
Over the last fiscal year, Accesslex Institute has awarded $1,758,934 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ARKANSAS PURPOSE: PROGRAM SUPPORT/RESEARCH - SPPARK | $18,656 |
UNIVERSITY OF CINCINNATI PURPOSE: PROGRAM SUPPORT/RESEARCH - PASSING THE BAR: A MULTI-AITE, MIXED METHODS INVESTING | $38,082 |
AMERICAN BAR FOUNDATION (ABF) PURPOSE: PROGRAM SUPPORT/RESEARCH - CREATING MORE SUPPORTIVE LAW SCHOOL ENVIRONMENTS | $13,071 |
SYRACUSE UNIVERSITY PURPOSE: PROGRAM SUPPORT/RESEARCH SUMMER JUMP START PROGRAM | $19,266 |
NEW YORK LAW SCHOOL PURPOSE: PROGRAM SUPPORT/RESEARCH - EVENING DISCUSSION BAR PASS RESEARCH PROJECT | $41,666 |
NORTH CAROLINA CENTRAL UNIVERSITY PURPOSE: PROGRAM SUPPORT/RESEARCH | $60,000 |