Lawyers Trust Fund Of Illinois
- Assets
- $23.7m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Chicago, IL
- Founding
- 08/1983
- Data as of
- 06/2021
- 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 06/2021, Lawyers Trust Fund Of Illinois employed 7 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 06/2021, Lawyers Trust Fund Of Illinois generated $13.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $8.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lawyers Trust Fund Of Illinois has awarded 322 individual grants totaling $93,459,845. 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
2021
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Marquardt Executive Director | Officer | 40 | $131,720 |
Terri Smith-Ashford Director Of Banking/operat | 40 | $125,814 | |
David Holtermann General Counsel | 40 | $117,193 | |
Shawn Kasserman Vice Pres - Past | OfficerTrustee | 2 | $0 |
Sally J Mcdonald Secretary-Treasurer - Past | OfficerTrustee | 2 | $0 |
Angelica W Wawrzynek Director - Past | OfficerTrustee | 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 | $12,842,543 |
| Investment income | $313,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $513,478 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,676,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,129,060 |
| 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. | $184,463 |
| Compensation of current officers, directors, key employees. | $64,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $448,109 |
| Pension plan accruals and contributions | $41,003 |
| Other employee benefits | $76,251 |
| Payroll taxes | $44,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,585 |
| Fees for services: Other | $27,895 |
| Advertising and promotion | $0 |
| Office expenses | $46,282 |
| Information technology | $3,025 |
| Royalties | $0 |
| Occupancy | $124,778 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,405 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,703 |
| Insurance | $21,098 |
| All other expenses | $0 |
| Total functional expenses | $8,306,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,208,604 |
| Savings and temporary cash investments | $2,393,824 |
| 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 | $8,002 |
| Net Land, buildings, and equipment | $28,713 |
| Investments—publicly traded securities | $15,993,035 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,409 |
| Total assets | $23,693,587 |
| Accounts payable and accrued expenses | $104,420 |
| Grants payable | $6,180,813 |
| 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 | $9,144 |
| Total liabilities | $6,294,377 |
| Net assets without donor restrictions | $17,399,210 |
| 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 | $23,693,587 |
Grants Awarded
Over the last fiscal year, Lawyers Trust Fund Of Illinois has awarded $7,129,060 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
Rockford, IL PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $1,151,000 |
East St Louis, IL PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $1,122,000 |
Chicago, IL PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $453,600 |
Chicago, IL PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $417,300 |
Chicago, IL PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $384,325 |
Chicago, IL PURPOSE: TO PROVIDE FREE LEGAL SERVICES | $363,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lawyers Trust Fund Of Illinois has recieved totaling $301,015.
| Awarding Organization | Amount |
|---|---|
J2 Family Foundation Quincy, IL PURPOSE: GENERAL OPERATING EXPENSE | $301,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |