International Technology Law Association Inc
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- McLean, VA
- Founding
- 09/1973
- Data as of
- 06/2022
- EIN
- 23-7224265
Organization Overview
International Technology Law Association Inc is located in McLean, VA. The organization was established in 1973. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Technology Law Association Inc 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 06/2022, International Technology Law Association Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ITECHLAW IS THE LEADING GLOBAL ORGANIZATION FOR LEGAL PROFESSIONALS FOCUSED ON TECHNOLOGY AND LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITECHLAW INFORMS AND EDUCATES LAWYERS ABOUT THE UNIQUE LEGAL ISSUES ARISING FROM THE EVOLUTION, PRODUCTION, MARKETING, ACQUISITION AND USE OF INFORMATION AND COMMUNICATIONS TECHNOLOGY. ITECHLAW IS A FORUM FOR THE EXCHANGE OF IDEAS AND IN-DEPTH EXAMINATION OF INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS LAW ISSUES. THESE EXCHANGES TAKE PLACE IN VARIOUS SETTINGS ALLOWING FOR WIDESPREAD ATTENDANCE AND PARTICIPATION: GLOBAL CONFERENCES INCLUDING ANNUAL MEETINGS HELD IN THE UNITED STATES, EUROPE AND ASIA; COMMITTEE PARTICIPATION IN BOTH ORGANIZATIONAL MATTERS AND SUBSTANTIVE LAW DEVELOPMENTS; NETWORKING AND OTHER CAREER-BOOSTING MEMBER BENEFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriela Kennedy President | OfficerTrustee | 2 | $0 |
Michael Peeters Vice President | OfficerTrustee | 2 | $0 |
Peter Ruby Treasurer | OfficerTrustee | 2 | $0 |
Laura Liguori Secretary | OfficerTrustee | 2 | $0 |
Diego Fernndez Assistant Secretary | OfficerTrustee | 2 | $0 |
Charles Morgan Immediate Past President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,442 |
| 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 | $57,442 |
| Total Program Service Revenue | $968,760 |
| Investment income | $82 |
| 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 | $1,026,961 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $360,000 |
| Fees for services: Legal | $2,265 |
| Fees for services: Accounting | $2,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,090 |
| Advertising and promotion | $11,685 |
| Office expenses | $30,158 |
| Information technology | $16,811 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $684,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,443 |
| All other expenses | $0 |
| Total functional expenses | $1,158,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,740 |
| Savings and temporary cash investments | $689,264 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $114,080 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,319,084 |
| Accounts payable and accrued expenses | $248,092 |
| Grants payable | $0 |
| Deferred revenue | $140,246 |
| 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 | $0 |
| Total liabilities | $388,338 |
| Net assets without donor restrictions | $930,746 |
| 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 | $1,319,084 |