American Academy Of Matrimonial Lawyers Foundation
- Assets
- $3.3m
- Revenue
- $595.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 36-3744740
Organization Overview
American Academy Of Matrimonial Lawyers Foundation is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Matrimonial Lawyers Foundation 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 12/2021, American Academy Of Matrimonial Lawyers Foundation generated $595.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $377.7k during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE TO ORGANIZATIONS, BY WAY OF GRANTS, IN ORDER TO HELP FAMILIES AND CHILDREN AFFECTED BY THE BREAKUP OF THE FAMILY UNIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS HONORED TO PROVIDE 240,000 IN GRANTS TO 47 CHARITABLE ORGANIZATIONS, TO PROVIDE ASSISTANCE TO CHILDREN AND FAMILIES AFFECTED BY THE BREAKUP OF THE FAMILY UNIT.
THE FOUNDATION IS HONORED TO CONTINUE THE LEONARD LOEB MEMORIAL SCHOLARSHIP AWARDED TO A STUDENT IN THE SECOND OR THIRD YEAR OF LAW SCHOOL, WHO HAS SUCCEEDED ACADEMICALLY, IS INTERESTED IN FAMILY LAW AND WHO IS AN ACTIVE PARTICIPANT IN CLINICAL PROGRAMS THAT HELP THE NEEDY WITH RESPECT TO FAMILY LAW.
THE FOUNDATION PRESENTS ANNUALLY THE JOANNE ROSS WILDER SPEAKER SERIES, IN HONOR AND MEMORY OF JOANNE ROSS WILDER, A WIDELY-RESPECTED FELLOW OF THE ACADEMY, NATIONALLY-KNOWN DIVORCE ATTORNEY, EDITOR, AUTHOR AND FIERCE ADVOCATE FOR HER CLIENTS AND THE RIGHTS OF WOMEN. THE SPEAKER SERIES PROVIDES THE OPPORTUNITY TO HEAR ABOUT CUTTING EDGE ISSUES AFFECTING THE PRACTICE OF FAMILY LAW FOR THOSE WORKING FOR THE SOCIAL AND LEGAL BETTERMENT OF THOSE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberley Scott Executive Director | Officer | 25 | $55,960 |
Brian C Vertz ESQ Secretary | OfficerTrustee | 1.5 | $0 |
Jorge M Cestero ESQ Treasurer | OfficerTrustee | 2.5 | $0 |
Mark A Sessums ESQ Asst. Treasurer | OfficerTrustee | 0.5 | $0 |
Lawrence A Moskowitz ESQ President | OfficerTrustee | 10 | $0 |
Anne Lamkin Durward President- Elect | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $89,900 |
| Fundraising events | $45,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,194 |
| Total Program Service Revenue | $0 |
| Investment income | $50,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128,606 |
| Net Income from Fundraising Events | -$18,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $595,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $240,000 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,290 |
| Compensation of current officers, directors, key employees. | $37,151 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,020 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,943 |
| Office expenses | $15,363 |
| Information technology | $6,210 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,472 |
| Insurance | $1,164 |
| All other expenses | $0 |
| Total functional expenses | $377,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,383 |
| Savings and temporary cash investments | $484,659 |
| 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 | $2,777 |
| Net Land, buildings, and equipment | $9,028 |
| Investments—publicly traded securities | $2,419,803 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $754 |
| Total assets | $3,262,404 |
| Accounts payable and accrued expenses | $4,314 |
| Grants payable | $15,000 |
| Deferred revenue | $500 |
| 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 | $0 |
| Total liabilities | $19,814 |
| Net assets without donor restrictions | $3,242,590 |
| 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 | $3,262,404 |
Grants Awarded
Over the last fiscal year, American Academy Of Matrimonial Lawyers Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tallahassee, FL PURPOSE: CHILD/FAMILY SERVICE | $10,000 |
Winstonsalem, NC PURPOSE: CHILD/FAMILY SERVICE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Academy Of Matrimonial Lawyers Foundation has recieved totaling $5,300.
| Awarding Organization | Amount |
|---|---|
American Academy Of Matrimonial Lawyers Chicago, IL PURPOSE: PHILANTHROPIC | $5,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Board Of Osteopathic Medical Examiners Inc Chicago, IL | $38,044,964 | $32,817,502 |
Gps Education Partners Inc Waukesha, WI | $3,399,978 | $6,380,793 |
Chicago Humanities Festival Chicago, IL | $20,433,533 | $6,135,727 |
The Independent Living Center Inc Joplin, MO | $6,998,222 | $3,154,564 |
Ashley For The Arts Ltd Arcadia, WI | $72,807 | $2,501,773 |
National Interscholastic Athletic Administrators Association Indianapolis, IN | $6,389,694 | $2,742,036 |
3arts Inc Chicago, IL | $12,078,620 | $2,551,186 |
Lunda Community Center Inc Black River Falls, WI | $21,403,243 | $624,709 |
Demolay International Kansas City, MO | $3,448,662 | $1,614,271 |
Kansas City Chapter Of Young Audiences Inc Kansas City, MO | $5,162,996 | $1,143,353 |
Bailey Foundation Saint Louis, MO | $926,334 | $1,827,354 |
Mainframe Studios Des Moines, IA | $8,963,700 | $1,124,336 |