Chicago Bar Association
- Assets
- $11.6m
- Revenue
- $4.9m
- Investments
- $1.0k
- Employees
- 31
- Location
- Chicago, IL
- Founding
- 03/1952
- Data as of
- 05/2023
- EIN
- 36-0896550
Organization Overview
Chicago Bar Association is located in Chicago, IL. The organization was established in 1952. 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. As of 05/2023, Chicago Bar Association employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Bar Association 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 05/2023, Chicago Bar Association generated $4.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $4.5m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO INDIVIDUAL MEMBERS THROUGH PROFESSIONAL ACTIVITIES, CONTINUING LEGAL EDUCATION, PRACTICE COMMITTEES. LEGISLATIVE UPDATES, PUBLICATIONS AND OTHER RESOURCES TO
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL BAR ACTIVITIES - ORGANIZE RELEVANT EVENTS TO FOSTER THE GOALS OF THE ASSOCIATION. SEVERAL AWARD CEREMONIES ARE HELD DURING THE YEAR TO HONOR OUTSTANDING CONTRIBUTIONS AND ACHIEVEMENTS MADE TOWARDS THE LEGAL PROFESSION. TO SERVE PUBLIC INTEREST, A NUMBER OF TELEVISION PROGRAMS FOR LOCAL ACCESS ARE PRODUCED EACH YEAR COVERING DIFFERENT TOPICS OF THE LAW AND OTHER WORTHWHILE RELATED INTERESTS FEATURING RENOWNED GUESTS CONSIDERED EXPERTS IN THEIR FIELD.
CONTINUING LEGAL EDUCATION - ON JANUARY 1, 2006, THE SUPREME COURT OF ILLINOIS ESTABLISHED MINIMUM CONTINUING LEGAL EDUCATION ("MCLE") REQUIREMENTS FOR ILLINOIS ATTORNEYS UNDER ILLINOIS SUPREME COURT RULES 790-798. TO HELP ITS MEMBERS MEET THE PLAN'S REQUIREMENTS, THE CHICAGO BAR ASSOCIATION DEVELOPED NO-COST AND LOW-COST PROGRAMMING BY OFFERING ACCREDITED COMMITTEE MEETINGS AND DISCOUNTED SEMINARS. ADDITIONALLY, IT TRACKS AND RECORDS MEMBERS' ATTENDANCE TO ITS PROGRAMS TO MAKE MCLE REPORTING EASIER.
LAWYER REFERRAL SERVICE - AS PART OF ITS COMMUNITY SERVICE, THE CHICAGO BAR ASSOCIATION MAINTAINS A KNOWLEDGEABLE STAFF OF PHONE INTERVIEWERS TO AID CALLERS NEEDING ASSISTANCE IN FINDING A SUITABLE ATTORNEY. TO MEET THE STANDARDS SET BY THE AMERICAN BAR ASSOCIATION, A PANEL OF OVER 250 PRE-SCREENED, QUALIFIED LAWYERS EXPERIENCED IN ALMOST EVERY AREA OF LAW ARE APPROPRIATELY MATCHED AND REFERRED FOR INITIAL CONSULTATION AT A PREDETERMINED LOW MINIMUM FEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Mcmeen Executive Director | Officer | 37.5 | $172,619 |
Tyler Sill VP Of Sales | 2.5 | $125,308 | |
E Lynn Grayson Director | Trustee | 0.25 | $0 |
Timothy Tomasik President | OfficerTrustee | 0.25 | $0 |
Ray J Koenig III First VP | OfficerTrustee | 0.25 | $0 |
John Sciaccotta Second VP | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Transwestern Commercial Services Building Management | 5/30/23 | $375,118 |
Union League Club Of Chicago Conference Center | 5/30/23 | $109,158 |
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 | $20,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,961 |
| Total Program Service Revenue | $4,317,864 |
| Investment income | $161,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $194,678 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $158,943 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,857,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,411 |
| Grants and other assistance to domestic individuals. | $189,202 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $304,503 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,058,701 |
| Pension plan accruals and contributions | $21,665 |
| Other employee benefits | $130,987 |
| Payroll taxes | $137,839 |
| Fees for services: Management | $40,002 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,206 |
| Fees for services: Lobbying | $84,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,045 |
| Fees for services: Other | $106,457 |
| Advertising and promotion | $137,411 |
| Office expenses | $297,758 |
| Information technology | $125,098 |
| Royalties | $0 |
| Occupancy | $679,240 |
| Travel | $3,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,435 |
| Insurance | $107,213 |
| All other expenses | $70,144 |
| Total functional expenses | $4,517,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109 |
| Savings and temporary cash investments | $4,072,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,093 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,335 |
| Prepaid expenses and deferred charges | $41,025 |
| Net Land, buildings, and equipment | $2,511,477 |
| Investments—publicly traded securities | $4,942,053 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$152,017 |
| Total assets | $11,639,625 |
| Accounts payable and accrued expenses | $529,727 |
| Grants payable | $0 |
| Deferred revenue | $1,978,759 |
| 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 | -$959,218 |
| Total liabilities | $1,549,268 |
| Net assets without donor restrictions | $7,104,036 |
| Net assets with donor restrictions | $2,986,321 |
| 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 | $11,639,625 |