American Bar Endowment
- Assets
- $178.4m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Chicago, IL
- Founding
- 03/1944
- Data as of
- 06/2022
- EIN
- 36-2384321
Organization Overview
American Bar Endowment is located in Chicago, IL. The organization was established in 1944. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2023, American Bar Endowment employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Bar Endowment 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, American Bar Endowment generated $17.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $12.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Bar Endowment has awarded 111 individual grants totaling $62,147,548. 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 CORPORATION'S PURPOSES ARE TO ADVANCE LEGAL STUDY AND RESEARCH TO PROMOTE THE ADMINISTRATION OF JUSTICE AND UNIFORMITY OF JUDICIAL DECISION THROUGHOUT THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNRESTRICTED GRANTS TO THE AMERICAN BAR FOUNDATION AND THE ABA FUND FOR JUSTICE AND EDUCATION IN SUPPORT OF THEIR RESEARCH, PUBLIC SERVICE, AND EDUCATIONAL PROJECTS AND PROGRAMS. ALSO OPPORTUNITY GRANTS TO A NUMBER OF PRIMARILY COMMUNITY-BASED 501(C)(3) LEGAL SERVICE PROVIDERS.
INSURANCE PROGRAMS OPERATED TO PRODUCE CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Martin Executive Director | Officer | 37.5 | $317,546 |
Gary Karlowicz Accounting Manager | 37.5 | $130,449 | |
Dan Wolterink It Manager | 37.5 | $103,951 | |
Howard H Vogel President | OfficerTrustee | 1 | $0 |
Hon Lora J Livingston Vice President | OfficerTrustee | 1 | $0 |
Hilarie Bass Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zeisgroup Promotional Services | 6/29/23 | $475,494 |
Sass Advisors Consulting Services | 6/29/23 | $168,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,772,001 |
| Investment income | $3,468,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,822,973 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,335,082 |
| Statement of Expenses | |
|---|---|
| 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. | $328,834 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $878,558 |
| Pension plan accruals and contributions | $20,734 |
| Other employee benefits | $243,212 |
| Payroll taxes | $82,443 |
| Fees for services: Management | $95,000 |
| Fees for services: Legal | $24,565 |
| Fees for services: Accounting | $85,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,671 |
| Fees for services: Other | $1,118,000 |
| Advertising and promotion | $618,088 |
| Office expenses | $206,164 |
| Information technology | $43,876 |
| Royalties | $0 |
| Occupancy | $317,965 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $228,408 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,445 |
| Insurance | $58,577 |
| All other expenses | $0 |
| Total functional expenses | $12,412,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,040,217 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $149,631 |
| 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 | $21,270 |
| Investments—publicly traded securities | $164,236,740 |
| Investments—other securities | $0 |
| Investments—program-related | $499,346 |
| Intangible assets | $0 |
| Other assets | $1,451,479 |
| Total assets | $178,419,268 |
| Accounts payable and accrued expenses | $12,840,632 |
| Grants payable | $9,116,870 |
| 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 | $3,330,172 |
| Total liabilities | $25,287,674 |
| Net assets without donor restrictions | $149,351,092 |
| Net assets with donor restrictions | $3,780,502 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $153,131,594 |
Grants Awarded
Over the last fiscal year, American Bar Endowment has awarded $7,569,927 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMARA LEGAL CENTER PURPOSE: UNSPECIFIED | $25,000 |
ASYLUM SEEKER ADVOCACY PROJECT PURPOSE: UNSPECIFIED | $25,000 |
LONE STAR JUSTICE ALLIANCE PURPOSE: UNSPECIFIED | $25,000 |
LEGAL AID OF NEBRASKA PURPOSE: UNSPECIFIED | $40,000 |
AMERICAN BAR FOUNDATION PURPOSE: UNRESTRICTED SUPPORTS LAW RELATED RESEARCH | $3,637,363 |
ABA FUND FOR JUSTICE & EDUCATION PURPOSE: UNRESTRICTED, SUPPORTS LAW-RELATED PROJECTS AND PROGRAMS | $3,637,363 |