Lawyers Trust Fund Of Illinois
- Assets
- $34.4m
- Revenue
- $28.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 08/1983
- Data as of
- 06/2023
- EIN
- 36-3213132
Organization Overview
Lawyers Trust Fund Of Illinois is located in Chicago, IL. The organization was established in 1983. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Lawyers Trust Fund Of Illinois employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawyers Trust Fund Of Illinois 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 06/2023, Lawyers Trust Fund Of Illinois generated $28.7m 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 $18.4m during the year ending 06/2023. While expenses have increased by 6.2% 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.
Since 2015, Lawyers Trust Fund Of Illinois has awarded 370 individual grants totaling $110,912,979. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANT FUNDS TO ILLINOIS NOT-FOR-PROFIT ORGANIZATIONS PROVIDING LEGAL ASSISTANCE TO THE POOR THROUGHOUT ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO NOT-FOR-PROFIT ORGANIZATIONS PROVIDING LEGAL ASSISTANCE TO THE POOR THROUGHOUT ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hon Maryam Ahmad Director | Trustee | 2 | $0 |
Shawn S Kasserman Director/president - Past | OfficerTrustee | 2 | $0 |
Hon Barbara Crowder Director | Trustee | 2 | $0 |
Sally J Mcdonald Vice President - Past | OfficerTrustee | 2 | $0 |
Hon Robert L Carter Director - Past | Trustee | 2 | $0 |
Hon Mary Kay O'brien Director | Trustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $28,183,645 |
| Investment income | $666,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$181,521 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,668,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,147,710 |
| 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. | $216,904 |
| Compensation of current officers, directors, key employees. | $75,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $399,383 |
| Pension plan accruals and contributions | $41,003 |
| Other employee benefits | $52,018 |
| Payroll taxes | $42,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,579 |
| Fees for services: Other | $216,490 |
| Advertising and promotion | $0 |
| Office expenses | $32,899 |
| Information technology | $21,171 |
| Royalties | $0 |
| Occupancy | $91,613 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,987 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,248 |
| Insurance | $29,318 |
| All other expenses | $8,590 |
| Total functional expenses | $18,434,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,126,556 |
| Savings and temporary cash investments | $833,167 |
| Pledges and grants receivable | $0 |
| 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 | $11,554 |
| Net Land, buildings, and equipment | $27,239 |
| Investments—publicly traded securities | $26,541,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $886,955 |
| Total assets | $34,426,845 |
| Accounts payable and accrued expenses | $150,162 |
| Grants payable | $7,027,852 |
| 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 | $798,536 |
| Total liabilities | $7,976,550 |
| Net assets without donor restrictions | $26,450,295 |
| 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 | $34,426,845 |
Grants Awarded
Over the last fiscal year, Lawyers Trust Fund Of Illinois has awarded $17,147,710 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ASCEND JUSTICE PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $329,000 |
ACCESS LIVING OF METROPOLITAN CHICAGO PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $35,000 |
CABRINI GREEN LEGAL AID PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $480,000 |
CARPLS LEGAL AID PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $992,000 |
CHICAGO LAWYERS' COMMITTEE FOR CIVIL RIGHTS PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $86,800 |
CENTER FOR DISABILITY & ELDER LAW PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $134,400 |