Thomas M Cooley Law School
- Assets
- $152.4m
- Revenue
- $35.8m
- Investments
- $50.7m
- Employees
- 525
- Location
- Lansing, MI
- Founding
- 01/1974
- Data as of
- 08/2021
- EIN
- 38-1988915
Organization Overview
Thomas M Cooley Law School, operating under the name Wmu-Cooley Law School, is located in Lansing, MI. The organization was established in 1974. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 08/2021, Wmu-Cooley Law School employed 525 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wmu-Cooley Law School 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 08/2021, Wmu-Cooley Law School generated $35.8m 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 (7.6%) each year. All expenses for the organization totaled $50.6m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE GRADUATES FOR THE LEGAL PROFESSION WITH PRACTICAL LEGAL EDUCATION AS ITS GUIDING PRINCIPLE AND FOCUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION OF APPROXIMATELY 820 STUDENTS INCLUDING OPERATION OF A BOOKSTORE FOR THE CONVENIENCE OF STUDENTS AND FACULTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Leduc Tenured Professor, Former President, Dean Emeritus | 39 | $500,000 | |
James Mcgrath President And Dean | Officer | 60 | $384,080 |
Mable Martin-Scott Tenured Professor | 40 | $187,172 | |
Kathleen Conklin Treasurer/sr VP Of Ops & Finance | Officer | 45 | $185,932 |
Michael Flores Tenured Professor | 40 | $185,607 | |
Daniel Sheaffer Tenured Professor | 45 | $185,094 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moore Trosper Construction Co Construction | 8/30/21 | $460,211 |
Duhadway Kendall & Associates Inc Access Control Services | 8/30/21 | $485,838 |
Inverve Marketing Marketing Services | 8/30/21 | $285,099 |
Seyferthpr Marketing Services | 8/30/21 | $101,095 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $715,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $847,071 |
| Total Program Service Revenue | $33,059,379 |
| Investment income | $1,034,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,868 |
| Net Gain/Loss on Asset Sales | $671,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $137,646 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,841,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,776,476 |
| Grants and other assistance to Foreign Orgs/Individuals | $345,016 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,698,457 |
| Compensation of current officers, directors, key employees. | $621,549 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,680,990 |
| Pension plan accruals and contributions | $291,562 |
| Other employee benefits | $4,209,376 |
| Payroll taxes | $1,304,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,228 |
| Fees for services: Accounting | $91,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $52,800 |
| Fees for services: Investment Management | $117,394 |
| Fees for services: Other | $1,012,586 |
| Advertising and promotion | $370,412 |
| Office expenses | $127,628 |
| Information technology | $710,093 |
| Royalties | $0 |
| Occupancy | $3,278,654 |
| Travel | $48,396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,318,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,758,993 |
| Insurance | $0 |
| All other expenses | $349,925 |
| Total functional expenses | $50,644,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576 |
| Savings and temporary cash investments | $2,360,986 |
| Pledges and grants receivable | $10,384 |
| Accounts receivable, net | $341,031 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $206,529 |
| Prepaid expenses and deferred charges | $938,318 |
| Net Land, buildings, and equipment | $71,883,803 |
| Investments—publicly traded securities | $25,958,642 |
| Investments—other securities | $50,671,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,371,660 |
| Accounts payable and accrued expenses | $6,556,155 |
| Grants payable | $0 |
| Deferred revenue | $3,563,411 |
| Tax-exempt bond liabilities | $61,796,798 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,275 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $535,779 |
| Total liabilities | $72,471,418 |
| Net assets without donor restrictions | $74,954,942 |
| Net assets with donor restrictions | $4,945,300 |
| 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 | $152,371,660 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Thomas M Cooley Law School has recieved totaling $14,289.
| Awarding Organization | Amount |
|---|---|
Accesslex Institute West Chester, PA PURPOSE: PROGRAM SUPPORT/RESEARCH | $10,000 |
The Pokagon Fund Inc New Buffalo, MI PURPOSE: TODD TAYLOR SUMMER 2022 | $3,750 |
Strickland Family Foundation Winston Salem, NC PURPOSE: EDUCATION | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Endowment Analysis
| Beg. Balance | $37,817,022 |
| Earnings | $8,297,876 |
| Admin Expense | $120,423 |
| Net Contributions | $11,191 |
| Ending Balance | $46,005,666 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Michigan University Homer Stryker M D School Of Medicine Kalamazoo, MI | $424,470,919 | $396,749,999 |
Kettering University Flint, MI | $281,450,228 | $82,356,479 |
Thomas M Cooley Law School Lansing, MI | $152,371,660 | $35,841,498 |
Baker College Flint, MI | $13,078,843 | $33,232,892 |
Mount Carmel College Of Nursing Columbus, OH | $64,622,852 | $25,045,878 |
Michigan Association Of Intermediate School Administrators Lansing, MI | $1,736,500 | $28,905,123 |
Cleveland Institute Of Music Cleveland, OH | $89,548,246 | $30,049,400 |
Good Samaritan College Of Nursing And Health Science Cincinnati, OH | $6,845,010 | $5,407,521 |
Methodist Theological School In Ohio Delaware, OH | $73,405,314 | $12,096,173 |
Aileron Corp Tipp City, OH | $4,807,559 | $7,299,167 |
Michigan School Of Psychology Farmington Hills, MI | $11,594,534 | $6,562,014 |
Graduate School Of Banking Inc Madison, WI | $1,229,337 | $3,378,911 |