Pennsylvania Interest On Lawyer Trust Account Board
- Assets
- $39.5m
- Revenue
- $24.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Harrisburg, PA
- Founding
- 08/1998
- Data as of
- 06/2022
- EIN
- 25-1802119
Organization Overview
Pennsylvania Interest On Lawyer Trust Account Board is located in Harrisburg, PA. The organization was established in 1998. According to its NTEE Classification (I02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2022, Pennsylvania Interest On Lawyer Trust Account Board employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Interest On Lawyer Trust Account Board 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, Pennsylvania Interest On Lawyer Trust Account Board generated $24.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $30.2m during the year ending 06/2022. While expenses have increased by 10.3% 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 2018, Pennsylvania Interest On Lawyer Trust Account Board has awarded 230 individual grants totaling $115,123,132. 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO AWARD GRANTS FOR (A) THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY NON-PROFIT CORPORATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; (B) THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY CLINICAL AND INTERNSHIP PROGRAMS ADMINISTERED BY LAW SCHOOLS LOCATED IN PENNSYLVANIA; AND (C) THE ADMINISTRATION OF JUSTICE IN PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATE AND AWARD GRANTS FOR THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY NON-PROFIT CORPORATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.
FACILITATE AND AWARD GRANTS FOR THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY CLINICAL AND INTERNSHIP PROGRAMS ADMINISTERED BY LAW SCHOOLS LOCATED IN PENNSYLVANIA.
A LOAN REPAYMENT ASSISTANCE PROGRAM (LRAP) WAS ESTABLISHED TO HELP LEGAL SERVICES ORGANIZATIONS THAT PROVIDE CIVIL LEGAL ASSISTANCE TO POOR PENNSYLVANIANS WITHOUT CHARGE, ATTRACT AND RETAIN QUALIFIED ATTORNEYS. THE ORGANIZATIONS WERE FINDING THAT ATTORNEYS, WHO WISHED TO BE EMPLOYED AT PUBLIC SERVICE, COULD NOT AFFORD TO DO SO BECAUSE OD THE VERY LARGE AMOUNT OF STUDENT DEBT THEY HAD ACCUMULATED. A GRANT WAS MADE TO THE PENNSYLVANIA BAR FOUNDATION (PBF), A 501(C)(3) TAX EXEMPT ORGANIZATION, TO ADMINISTER THE LRAP. ATTORNEYS WHO ARE EMPLOYED BY ANY IOLTA FUNDED QUALIFIED LEGAL AID ORGANIZATION CAN APPLY TO THE PBF FOR A FORGIVABLE LOAN AND MAY PARTICIPATE FOR UP TO 10 YEARS. THE AMOUNT OF ANNUAL ASSISTANCE WILL DEPEND PRIMARILY ON THE AMOUNT OF AVAILABLE FUNDING AND THE NUMBER OF QUALIFYING ATTORNEY APPLICANTS. AN ATTORNEY WILL BE ELIGIBLE FOR LRAP ASSISTANCE IF: (I) HIS/HER TOTAL CURRENT ANNUAL GROSS SALARY IS LESS THAN OR EQUAL TO $66,000; OR (II) IF HIS/HER ANNUAL NET DEBT SERVICE IS GREATER THAN OR EQUAL TO 10% OF HIS/HER TOTAL CURRENT ANNUAL GROSS SALARY, REGARDLESS OF THE TOTAL ANNUAL SALARY AMOUNT. THEY MUST ALSO REMAIN EMPLOYED IN GOOD STANDING WITH THE LEGAL AID ORGANIZATION FOR ONE FULL YEAR AND REMAIN IN GOOD STANDING WITH THEIR LENDERS FOR ALL OF THEIR STUDENT LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie S Libhart Executive Director | Officer | 35 | $163,700 |
Isabelle Wozniak Director Of Finance And Ad | Officer | 35 | $126,008 |
Vanessa Garrett Harley ESQ Vice-Chair | OfficerTrustee | 3 | $0 |
Hon Stephanie A Domitrovich Treasurer | OfficerTrustee | 3 | $0 |
Barry M Simpson ESQ Chair | OfficerTrustee | 3 | $0 |
Kay Yu ESQ Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,639,726 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,655,139 |
| Total Program Service Revenue | $0 |
| Investment income | $85,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,730,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,190,069 |
| 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. | $349,656 |
| Compensation of current officers, directors, key employees. | $280,775 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,302 |
| Pension plan accruals and contributions | $34,619 |
| Other employee benefits | $31,421 |
| Payroll taxes | $40,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,340 |
| Fees for services: Accounting | $12,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,921 |
| Fees for services: Other | $45,994 |
| Advertising and promotion | $1,992 |
| Office expenses | $22,083 |
| Information technology | $22,646 |
| Royalties | $0 |
| Occupancy | $34,901 |
| Travel | $8,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,567 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,034 |
| Insurance | $19,653 |
| All other expenses | $0 |
| Total functional expenses | $30,230,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,207,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,061,674 |
| 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 | $3,328,629 |
| Net Land, buildings, and equipment | $47,282 |
| Investments—publicly traded securities | $8,861,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,506,972 |
| Accounts payable and accrued expenses | $116,983 |
| 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 | $0 |
| Other liabilities | $980,404 |
| Total liabilities | $1,097,387 |
| Net assets without donor restrictions | $11,469,726 |
| Net assets with donor restrictions | $26,939,859 |
| 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 | $39,506,972 |
Grants Awarded
Over the last fiscal year, Pennsylvania Interest On Lawyer Trust Account Board has awarded $29,190,069 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
Harrisburg, PA PURPOSE: LEGAL ASSISTANCE | $22,938,715 |
Glenside, PA PURPOSE: LEGAL ASSISTANCE | $1,170,363 |
Harrisburg, PA PURPOSE: ADMIN OF LRAP | $457,595 |
Philadelphia, PA PURPOSE: LEGAL ASSISTANCE | $222,090 |
Chambersburg, PA PURPOSE: LEGAL ASSISTANCE | $200,000 |
York, PA PURPOSE: LEGAL ASSISTANCE | $192,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Interest On Lawyer Trust Account Board Harrisburg, PA | $39,506,972 | $24,730,443 |
Pennsylvania Bar Institute Harrisburg, PA | $0 | $5,143,408 |
Ufcw Local 1776ks Wd And Employers Legal Fund Canonsburg, PA | $149,899 | $816,905 |
Utica Volunteer Emergency Squad Inc Utica, OH | $452,633 | $390,040 |
Ufcw Local 1776 & Participating Employers Legal Trust Fund Plymouth Meeting, PA | $725,408 | $518,133 |
Ohio Center For Law Related Education Columbus, OH | $1,335,644 | $384,619 |
Yonkers Police Captains Lieutenants And Sergeants Benevolent Associati Yonkers, NY | $330,036 | $477,977 |
Port Authority Police Lieutenants Benevolent Association Jersey City, NJ | $1,940,400 | $358,633 |
Southampton Village Police Benevolent Association Inc Southampton, NY | $834,276 | $317,311 |
Yorktown Police Benevolent Association Inc Yorktown Heights, NY | $669,269 | $275,450 |
Policemens Benevolent Association Local No 24 Inc Atlantic City, NJ | $372,946 | $302,017 |
Police Benevolent Association Ofthe Village Of Mamaroneck Inc Mamaroneck, NY | $224,568 | $265,608 |