Leadership Council On Legal Diversity Inc
- Assets
- $7.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Richmond, VA
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 27-0173338
Organization Overview
Leadership Council On Legal Diversity Inc is located in Richmond, VA. The organization was established in 2009. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Leadership Council On Legal Diversity Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Council On Legal Diversity 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 12/2023, Leadership Council On Legal Diversity Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $6.1m during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LCLD, INC. IS AN ORGANIZATION OF CORPORATE CHIEF LEGAL OFFICERS AND LAW FIRM MANAGING PARTNERS DEDICATED TO CREATING A LEGAL PROFESSION AS DIVERSE AS THE COUNTRY IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DRIVE AND MEETING HELD TO PROMOTE DIVERSITY IN THE LEGAL PROFESSION. THERE WERE 270 ATTENDEES AT THE ANNUAL MEMBERSHIP MEETING IN 2023.
THE LCLD 1L SCHOLARS PROGRAM WAS CREATED TO STRENGTHEN THE LEGAL PIPELINE BY EXPANDING OPPORTUNITIES FOR FIRST-YEAR LAW STUDENTS FROM DIVERSE BACKGROUNDS TO SPEND THE SUMMER WORKING SIDE-BY-SIDE WITH ATTORNEYS AT LCLD MEMBER ORGANIZATIONS. IN 2023, THERE WERE 881 1L SCHOLARS. IN 2023, 482 HIGH-POTENTIAL,EARLY CAREER ATTORNEYS FROM LCLD MEMBER ORGANIZATIONS PARTICIPATED IN THE LCLD PATHFINDER PROGRAM. THE PATHFINDER PROGRAM PROVIDES PARTICIPANTS A SEVEN-MONTH PROFESSIONAL DEVELOPMENT PROGRAM FOCUSED ON FOUNDATIONAL LEADERSHIP AND RELATIONSHIP-BUILDING. THE PROGRAM GIVES PARTICIPANTS THE OPPORTUNITY TO LEARN FROM TOP LEADERS IN THE LEGAL PROFESSION, AS WELL AS EXPERTS IN THE FIELDS OF LEARNING AND DEVELOPMENT.
THE LCLD LAW SCHOOL MENTORING PROGRAM IS A COMPREHENSIVE INITIATIVE FOR FIRST-YEAR LAW STUDENTS FROM DIVERSE BACKGROUNDS TO BE PAIRED WITH VOLUNTEER ATTORNEYS FROM LCLD MEMBER ORGANIZATIONS. IN 2023-24, 1,357 MENTOR/MENTEE MATCHES WERE MADE.
FOUNDED IN 2011, THE FELLOWS PROGRAM CONNECTS HIGH-POTENTIAL ATTORNEYS FROM DIVERSE BACKGROUND FOR A YEAR-LONG PROFESSIONAL DEVELOPMENT PROGRAM FOCUSED ON LEADERSHIP AND RELATIONSHIP BUILDING. THE FELLOWS PROGRAM PROVIDES PROFESSIONAL AND PERSONAL DEVELOPMENT OPPORTUNITIES, LEADERSHIP TRAINING, RELATIONSHIP-BUILDING RESOURCES, AND ACCESS TO LCLD MEMBERS (MANAGING PARTNERS AND GENERAL COUNSEL). THERE WERE 465 LCLD FELLOWS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Grey Jr President | OfficerTrustee | 40 | $530,837 |
Ellen Dwyer Imm. Past Ch | OfficerTrustee | 1 | $0 |
Kim Rivera Chair | OfficerTrustee | 1 | $0 |
Rick Palmore Chair Emerit | OfficerTrustee | 1 | $0 |
Eric Friedman Chair Elect | OfficerTrustee | 1 | $0 |
Dev Stahlkopf VP At-Large | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert J Grey Jr Management | 12/30/23 | $530,837 |
Don Belt Communications | 12/30/23 | $125,000 |
Jerry Kang | 12/30/23 | $110,000 |
Blue Ion Llc | 12/30/23 | $106,860 |
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 | $45,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,000 |
| Total Program Service Revenue | $6,063,087 |
| Investment income | $33,330 |
| 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 | $6,141,417 |
| 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 | $1,206,166 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $210,025 |
| Payroll taxes | $99,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,546 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $535,000 |
| Advertising and promotion | $0 |
| Office expenses | $118,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,152 |
| Travel | $76,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $603,467 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,951 |
| Insurance | $0 |
| All other expenses | $392,693 |
| Total functional expenses | $6,090,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,408,132 |
| Savings and temporary cash investments | $1,079,272 |
| Pledges and grants receivable | $10,750 |
| 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 | $72,930 |
| Net Land, buildings, and equipment | $32,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $177,832 |
| Other assets | $85,600 |
| Total assets | $7,867,447 |
| Accounts payable and accrued expenses | $207,446 |
| Grants payable | $0 |
| Deferred revenue | $1,821,353 |
| 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 | $87,004 |
| Total liabilities | $2,115,803 |
| Net assets without donor restrictions | $5,751,644 |
| 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 | $7,867,447 |