The Nalp Foundation For Law Career Research And Education
- Assets
- $615.5k
- Revenue
- $644.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Concord, MA
- Founding
- 05/1996
- Data as of
- 06/2024
- EIN
- 52-1976370
Organization Overview
The Nalp Foundation For Law Career Research And Education is located in Concord, MA. The organization was established in 1996. 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 06/2024, Nalp Foundation For Law Career Research And Education employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nalp Foundation For Law Career Research And Education 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 06/2024, Nalp Foundation For Law Career Research And Education generated $644.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $540.2k during the year ending 06/2024. While expenses have increased by 3.2% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO STUDY EFFECTIVE MANAGEMENT OF LAWYERS, THEIR PROFESSIONAL DEVELOPMENT, CAREER SATISFACTION, AND DIVERSITY WITHIN THE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR OVER 25 YEARS, THE NALP FOUNDATION FOR LAW CAREER RESEARCH AND EDUCATION HAS CONDUCTED UNIQUE BENCHMARK RESEARCH, AND DELIVERED EXCEPTIONAL EDUCATIONAL PROGRAMMING AND PUBLICATIONS BASED ON THIS RESEARCH. THE FOUNDATIONS RESEARCH INCLUDES RECURRING STUDIES SUCH AS THE LAW SCHOOL ALUMNI EMPLOYMENT & SATISFACTION STUDY AND THE UPDATE ON ASSOCIATE ATTRITION, AND EPISODIC ONES ON ISSUES OF CONCERN TO THE PROFESSION, SUCH AS SHOULD I STAY OR SHOULD I GO: KEY FACTORS DRIVING LAW FIRM ASSOCIATE RETENTION. THE NALP FOUNDATION ALSO CONDUCTS EDUCATIONAL PROGRAMS INCLUDING THE ANNUAL HIRING PARTNER CONFERENCE, AND REGULARLY PRESENTS AT NUMEROUS CONFERENCES AND SYMPOSIA. THE FOUNDATIONS WORK IS UTILIZED BY LAW FIRMS AND OTHER LEGAL EMPLOYERS, AS WELL AS BY LAW SCHOOLS AND RESEARCHERS IN THE LEGAL PROFESSION, AND THE FOUNDATIONS WORK IS REGULARLY FEATURED IN THE LEGAL AND GENERAL MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fiona Trevelyan Hornblower ESQ President & CEO | OfficerTrustee | 40 | $180,850 |
Jennifer C Mandery Vice President For Research | 40 | $105,850 | |
Skip Horne Vice President For Engagement | 40 | $106,850 | |
William Oneil ESQ Chair | OfficerTrustee | 1 | $0 |
John C Reich ESQ Secretary/treasurer | OfficerTrustee | 1 | $0 |
Francis J Aquila ESQ Trustee | Trustee | 1 | $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 | $383,012 |
| Noncash contributions included in lines 1a–1f | $3,180 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $383,012 |
| Total Program Service Revenue | $259,028 |
| Investment income | $2,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,700 |
| 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. | $186,563 |
| Compensation of current officers, directors, key employees. | $74,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,810 |
| Pension plan accruals and contributions | $6,210 |
| Other employee benefits | $5,313 |
| Payroll taxes | $30,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,931 |
| Fees for services: Accounting | $7,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,521 |
| Advertising and promotion | $0 |
| Office expenses | $19,885 |
| Information technology | $5,749 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,153 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,071 |
| All other expenses | $0 |
| Total functional expenses | $540,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,564 |
| Savings and temporary cash investments | $256,366 |
| 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 | $522 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $615,452 |
| Accounts payable and accrued expenses | $22,564 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $22,564 |
| Net assets without donor restrictions | $579,183 |
| Net assets with donor restrictions | $13,705 |
| 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 | $615,452 |