Professional Liability Defense Federation
- Assets
- $151.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, IL
- Founding
- 01/2012
- Data as of
- 06/2023
- EIN
- 27-0850021
Organization Overview
Professional Liability Defense Federation is located in Rochester, IL. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Liability Defense Federation 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 06/2023, Professional Liability Defense Federation generated $184.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $179.5k during the year ending 06/2023. While expenses have increased by 1.9% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO ACCOMPLISH ITS MISSION, PLDF ORGANIZED AND LED AN ANNUAL MEETING AND CLE/CEU PRESENTATION IN CHICAGO ATTENDED BY 123 PLDF MEMBERS AND NON-MEMBERS, AND RECEIVED CLE CREDIT IN EVERY STATE THAT WAS APPLIED TO. PLDF PUBLISHED A SURVEY OF LAW AND FOUR ISSUES OF PROFESSIONAL LIABILITY DEFENSE QUARTERLY ON SUBJECTS OF INTEREST TO MALPRACTICE DEFENSE PRACTITIONERS, AND MAINTAINED, THROUGHOUT EACH MONTH, WEBSITE NEWS POSTINGS THAT COMMENT ON APPEALS IN COURT DECISIONS IN THE COUNTRY RELATING TO PROFESSIONAL LIABILITY MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Arbitrio Director | 2 | $0 | |
Andrew Carroll Director | 2 | $0 | |
Robert Chadwick Jr Director | 2 | $0 | |
Jennifer Faas Director | 2 | $0 | |
Corinne Ivanca Director | 2 | $0 | |
Thomas D Jensen Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $104,452 |
| Membership dues | $69,150 |
| Investment income | $367 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,969 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $60,590 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $6,617 |
| Other expenses | $112,287 |
| Total expenses | $179,494 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $133,980 |
| Other assets | $0 |
| Total assets | $151,820 |
| Total liabilities | $61,086 |
| Net assets or fund balances | $90,734 |