Leadership Council On Legal Diversity Inc
- Assets
- $7.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Richmond, VA
- Founding
- 06/2009
- Data as of
- 12/2021
- 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 12/2021, Leadership Council On Legal Diversity Inc employed 17 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 12/2021, Leadership Council On Legal Diversity Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 0.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DRIVE AND MEETING HELD TO PROMOTE DIVERSITY IN THE LEGAL PROFESSION. THERE WERE 777 ATTENDEES AT THE VIRTUAL ANNUAL MEMBERSHIP MEETING IN 2021.
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 2021, 801 MENTOR/MENTEE MATCHES WERE MADE.
THE LCLD FELLOWS PROGRAM IS DESIGNED TO INCREASE DIVERSITY AT THE LEADERSHIP LEVELS OF THE NATION'S LAW FIRMS AND CORPORATE LEGAL DEPARTMENTS BY IDENTIFYING HIGH-POTENTIAL ATTORNEYS FROM DIVERSE BACKGROUNDS AND PLACING THEM IN THE PATH OF THOSE WHO CAN TEACH THEM TO LEAD THEIR ORGANIZATIONS. EACH FELLOW EMBARKS ON A LEARNING PROGRAM THAT INCLUDES CONFERENCES, VIRTUAL TRAINING ON THE FINE POINTS OF LEGAL PRACTICE, PEER-GROUP PROJECTS TO FOSTER COLLABORATION AND BUILD RELATIONSHIPS, AND EXTENSIVE CONTACT WITH LCLD'S TOP LEADERSHIP ALONG WITH MANAGING PARTNERS AND GENERAL COUNSEL WHO VOLUNTEER TO DISCUSS PROFESSIONAL EXPERIENCES AND SETBACKS. 426 FELLOWS PARTICIPATED VIRTUALLY IN 2021.
THE LCLD 1L SCHOLARS PROGRAM WAS CREATED TO STRENGTHEN THE LEGAL PIPELINE BY EXPANDING OPPORTUNITIES FOR DIVERSE FIRST-YEAR LAW STUDENTS TO SPEND THE SUMMER WORKING SIDE-BY-SIDE WITH ATTORNEYS AT LCLD MEMBER ORGANIZATIONS. IN 2021, THERE WERE 618 1L SCHOLARS. IN 2021, 426 DIVERSE, HIGH-POTENTIAL, EARLY CAREER ATTORNEYS AT LCLD MEMBER ORGANIZATIONS PARTICIPATED IN THE LCLD PATHFINDER PROGRAM. THE GOAL OF THIS PROGRAM IS TO PROVIDE PATHFINDERS WITH PRACTICAL TOOLS FOR DEVELOPING AND LEVERAGING INTERNAL PROFESSIONAL NETWORKS THROUGH RELATIONSHIP BUILDING SKILLS, FOUNDATIONAL LEADERSHIP SKILLS AND AN UNDERSTANDING OF CAREER DEVELOPMENT STRATEGIES APPLICABLE TO BOTH IN-HOUSE AND LAW FIRM PRACTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Grey Jr President | OfficerTrustee | 40 | $500,000 |
Ellen Dwyer Chair | OfficerTrustee | 1 | $0 |
Kim Rivera Chair Elect | OfficerTrustee | 1 | $0 |
Rick Palmore Chair Emerit | OfficerTrustee | 1 | $0 |
Ben Wilson Secretary | OfficerTrustee | 1 | $0 |
Eric Friedman Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert J Grey Jr Management | 12/30/21 | $500,000 |
Don Belt Communications Mktg Consultant | 12/30/21 | $104,194 |
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 | $42,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,000 |
| Total Program Service Revenue | $4,134,703 |
| Investment income | $103 |
| 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 | $4,176,806 |
| 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. | $500,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $963,787 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,777 |
| Payroll taxes | $71,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,000 |
| Advertising and promotion | $0 |
| Office expenses | $61,232 |
| Information technology | $95,574 |
| Royalties | $0 |
| Occupancy | $65,510 |
| Travel | $7,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $472,003 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,988 |
| Insurance | $0 |
| All other expenses | $34,302 |
| Total functional expenses | $2,764,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,877,331 |
| Savings and temporary cash investments | $1,040,960 |
| Pledges and grants receivable | $32,000 |
| 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 | $32,179 |
| Net Land, buildings, and equipment | $41,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,023,795 |
| Accounts payable and accrued expenses | $251,250 |
| Grants payable | $0 |
| Deferred revenue | $1,668,475 |
| 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 | $27,810 |
| Total liabilities | $1,947,535 |
| Net assets without donor restrictions | $5,019,260 |
| Net assets with donor restrictions | $57,000 |
| 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 | $7,023,795 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Leadership Council On Legal Diversity Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Health Plan Inc Oakland, CA PURPOSE: 2021 Leadership Council On Legal Diversity Annual | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Trust And Estate Counsel Inc Washington, DC | $7,291,426 | $5,965,924 |
Public Policy Fund Inc Washington, DC | $1,497,724 | $4,785,450 |
American Board Of Pediatric Dentistry Inc Brentwood, TN | $17,698,139 | $4,888,205 |
Leadership Council On Legal Diversity Inc Richmond, VA | $7,023,795 | $4,176,806 |
Greater Washington Board Of Trade Washington, DC | $1,928,129 | $2,840,463 |
Association Of Clinical Research Organizations Washington, DC | $2,656,292 | $2,241,906 |
Styrene Information And Research Center Inc Towson, MD | $1,447,485 | $1,359,270 |
Payments Leadership Association Washington, DC | $534,883 | $1,750,000 |
Revenue Based Finance Coalition Inc Potomac Falls, VA | $56,846 | $1,351,233 |
Construction Industry Round Table Inc Mc Lean, VA | $1,218,040 | $1,218,712 |
National Homeland Security Association Inc Falls Church, VA | $416,677 | $981,390 |
North Carolina Senior Living Association Raleigh, NC | $360,943 | $716,351 |