American Inns Of Court Foundation
- Assets
- $3.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Alexandria, VA
- Founding
- 01/1986
- Data as of
- 06/2023
- EIN
- 52-1405650
Organization Overview
American Inns Of Court Foundation is located in Alexandria, VA. The organization was established in 1986. As of 06/2023, American Inns Of Court Foundation employed 14 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Inns Of Court 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 06/2023, American Inns Of Court Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.9m during the year ending 06/2023. While expenses have increased by 1.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AMERICAN INNS OF COURT IS TO FOSTER EXCELLENCE IN PROFESSIONALISM, ETHICS, CIVILITY, AND LEGAL SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP PROGRAMS - THE FOUNDATION CARRIED OUT NUMEROUS PROGRAMS DESIGNED TO ASSIST LOCAL INNS OF COURT IN DELIVERING A HIGH-QUALITY MEMBER EXPERIENCE, AND TO ENHANCE THE MEMBER EXPERIENCE BEYOND WHAT OCCURS AT THE LOCAL LEVEL. SUCH PROGRAMS INCLUDED REGIONAL LEADERSHIP SUMMITS, INNSIGHT LEADERSHIP NEWSLETTER, THE BENCHER BI-MONTHLY MAGAZINE, THE ACHIEVING EXCELLENCE RECOGNITION PROGRAM, INN ADVISORY SERVICES, AND THE PROMOTION OF AIC IDEALS THROUGH THEMED MONTHS, INCLUDING THE NATIONAL CONVERSATION ON CIVILITY.
AWARENESS AND RECOGNITION BUILDING - THE FOUNDATION CONTINUED BUILDING AWARENESS OF ITS MISSION BY PROMOTING ITS IDEALS THROUGH THEPRESENTATION OF THE LEWIS F. POWELL, JR. AWARD FOR PROFESSIONALISM ANDETHICS, THE SANDRA DAY O'CONNOR AWARD FOR PROFESSIONAL SERVICE, THEWARREN E. BURGER PRIZE, AND THE AIC PROFESSIONALISM AWARDS.
GROWTH STRATEGIES - THE FOUNDATION ENGAGED IN ACTIVITIES INTENDED TO DEEPEN ITS IMPACT ON THE LEGAL PROFESSION. THIS INCLUDED THE PROMOTION OF NEW INNS AND MEMBERSHIP IN EXISTING INNS, ENGAGEMENT OF ITS ALUMNI MEMBERS, LAW SCHOOLS, AND THE JUDICIARY, AND THE PRESENTATION OF THE A. SHERMAN CHRISTENSEN AWARD. IT ALSO INCLUDED ENGAGEMENT OF THE PROFESSION'S FUTURE LEADERS WITH THE PEGASUS AND TEMPLE BAR SCHOLARSHIPS.
EDUCATION AND MENTORING - THE FOUNDATION CARRIED OUT PROGRAMS TO PROMOTE MENTORING THROUGH LOCAL INNS OF COURT AND GENERALLY, SUCH AS MENTORING MONTH AND NUMEROUS ONLINE RESOURCES. THE FOUNDATION IS ALSO DEVELOPING AN ONLINE EDUCATIONAL PLATFORM INNOVATION EDUCATION TO PROVIDE HIGH-QUALITY, AFFORDABLE CONTINUING LEGAL EDUCATION TO UNDERSERVED PARTS OF THE PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hon Barbara M G Lynn President | OfficerTrustee | 1 | $0 |
Hon Consuelo M Callahan Vice President | OfficerTrustee | 1 | $0 |
Hon Steven D Grimberg Secretary | OfficerTrustee | 1 | $0 |
Stephanie E Sowell ESQ Treasurer | OfficerTrustee | 1 | $0 |
Loren L Alikhan ESQ Trustee | Trustee | 1 | $0 |
Kim J Askew ESQ Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Occasions Caterers Catering Services | 6/29/23 | $192,483 |
Mckinley Advisors Consulting Services | 6/29/23 | $129,825 |
Delcor It Services | 6/29/23 | $115,319 |
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 | $169,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,585 |
| Total Program Service Revenue | $2,429,356 |
| Investment income | $99,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$38,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,612 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,663,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $14,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $467,534 |
| Compensation of current officers, directors, key employees. | $156,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $825,360 |
| Pension plan accruals and contributions | $136,236 |
| Other employee benefits | $34,675 |
| Payroll taxes | $87,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $82,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,096 |
| Fees for services: Other | $13,729 |
| Advertising and promotion | $8,020 |
| Office expenses | $167,934 |
| Information technology | $214,709 |
| Royalties | $0 |
| Occupancy | $143,795 |
| Travel | $170,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $217,825 |
| Interest | $12,353 |
| Payments to affiliates | $3,972 |
| Depreciation, depletion, and amortization | $60,581 |
| Insurance | $41,650 |
| All other expenses | $1,823 |
| Total functional expenses | $2,918,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,086 |
| Savings and temporary cash investments | $89,854 |
| Pledges and grants receivable | $24,170 |
| Accounts receivable, net | $46,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,404 |
| Prepaid expenses and deferred charges | $31,906 |
| Net Land, buildings, and equipment | $80,120 |
| Investments—publicly traded securities | $2,790,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $525,157 |
| Total assets | $3,673,646 |
| Accounts payable and accrued expenses | $248,505 |
| Grants payable | $0 |
| Deferred revenue | $110,476 |
| 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 | $500,000 |
| Other liabilities | $604,978 |
| Total liabilities | $1,463,959 |
| Net assets without donor restrictions | $1,196,816 |
| Net assets with donor restrictions | $1,012,871 |
| 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 | $3,673,646 |