Defense Research Institute Inc
- Assets
- $15.9m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 53
- Location
- Chicago, IL
- Founding
- 01/1965
- Data as of
- 12/2022
- EIN
- 39-0978501
Organization Overview
Defense Research Institute Inc, operating under the name Dri - Voice Of The Defense Bar, is located in Chicago, IL. The organization was established in 1965. According to its NTEE Classification (I05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Dri - Voice Of The Defense Bar employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dri - Voice Of The Defense Bar is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Dri - Voice Of The Defense Bar generated $11.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $11.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DEFENSE RESEARCH INSTITUTE (DRI) IS AN INTERNATIONAL MEMBERSHIP ORGANIZATION OF LAWYERS, INVOLVED IN THE DEFENSE OF CIVIL LITIGATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEFENSE RESEARCH INSTITUTE OFFERS A VARIETY OF SEMINARS, WEB CONFERENCES, AND WEB-CASTS THROUGHOUT THE YEAR THAT KEEPS THE ORGANIZATION MEMBERS INFORMED ABOUT CURRENT ISSUES INVOLVING LAW AND RELATED AREAS.
THE DEFENSE RESEARCH INSTITUTE (DRI) AND ITS MEMBERS GIVE BACK TO THE COMMUNITIES IN WHICH THEY RESIDE THROUGH SERVICE PROGRAMS AND PRO BONO WORK.
THE DEFENSE RESEARCH INSTITUTE (DRI) CARRIES OUT RESEARCH AND PUBLISHES ITS FINDINGS IN COMMITTEE SPECIFIC AND GENERAL MEMBERSHIP NEWSLETTERS ADVANCING THE KOWLEDGE OF MEMBERS IN LAW AND RELATED AREAS. DRI ALSO PUBLISHES FOR THE DEFENSE THE ONLY NATIONAL MONTHY MAGAZINE WRITTEN EXPRESSLY FOR DEFENSE PRACTITIONERS. EACH MONTH, OVER 40,000 PRESTIGIOUS PROFESSIONALS RECEIVE THIS FLAGSHIP PUBLICATION. ADDITIONALLY, DRI PUBLISHES IN-HOUSE DEFENSE QUARTERLY(IDQ) FOR ITS MEMBERSHIP. IDQ WAS DEVELOPED TO ADDRESS THE SPECIFIC NEEDS OF IN-HOUSE DEFENSE PRACTITIONERS. THIS NEW PUBLICATION PRESENTS A UNIQURE COMBINATION OF FEATURE FULL-LENGTH ARTICLES WRRITEN BY EXPERIENCED DRI MEMBERS AND SUBSTANTIVE INFORMATION AND REPORTS ACQUIRED FROM LEADING CONTENT PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Martinez CEO | OfficerTrustee | 35 | $445,885 |
Lana A Olson President | OfficerTrustee | 1 | $0 |
Patrick J Sweeney President-Elect | OfficerTrustee | 1 | $0 |
Anne M Talcott First Vice President | OfficerTrustee | 1 | $0 |
R Jeffrey Lowe Second Vice President | OfficerTrustee | 1 | $0 |
Kathleen M Maus Secretary-Treasurer (from Oct '22) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Austin Marriott Downtown Hotel Services | 12/30/22 | $257,221 |
Omni Hotels & Resorts Hotel Services | 12/30/22 | $208,748 |
Sheraton Ny Times Square Hotel Services | 12/30/22 | $123,625 |
Caesars Palace Hotel Services | 12/30/22 | $104,038 |
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 | $9,781,212 |
| Investment income | $254,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $380,842 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,339,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,010,703 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,529,354 |
| Pension plan accruals and contributions | $206,020 |
| Other employee benefits | $611,788 |
| Payroll taxes | $345,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,856 |
| Fees for services: Accounting | $43,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,695 |
| Fees for services: Other | $116,669 |
| Advertising and promotion | $46,417 |
| Office expenses | $494,273 |
| Information technology | $489,805 |
| Royalties | $0 |
| Occupancy | $581,368 |
| Travel | $594,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,786,748 |
| Interest | $66,730 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,256 |
| Insurance | $118,753 |
| All other expenses | $139,040 |
| Total functional expenses | $11,764,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,448,228 |
| Savings and temporary cash investments | $200,258 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $649,779 |
| 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 | $404,957 |
| Net Land, buildings, and equipment | $327,259 |
| Investments—publicly traded securities | $10,729,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,581 |
| Other assets | $2,088,114 |
| Total assets | $15,853,542 |
| Accounts payable and accrued expenses | $1,185,577 |
| Grants payable | $0 |
| Deferred revenue | $2,260,704 |
| 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 | $1,771,775 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,408,754 |
| Total liabilities | $7,626,810 |
| Net assets without donor restrictions | $8,226,732 |
| 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 | $15,853,542 |