Louisville Bar Association
- Assets
- $1.9m
- Revenue
- $906.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Louisville, KY
- Founding
- 04/1967
- Data as of
- 12/2022
- EIN
- 61-0457664
Organization Overview
Louisville Bar Association is located in Louisville, KY. The organization was established in 1967. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Louisville Bar Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Bar Association 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, Louisville Bar Association generated $906.2k 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 (3.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
TO PROMOTE HIGH STANDARDS IN THE LEGAL PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES- THE VOLUNTARY MEMBERS OF THE LOUISVILLE BAR ASSOCIATION ARE OVER 2,300 STRONG AND THE ASSOCIATION IS AMONG THE 40 LARGEST LOCAL BARS IN THE COUNTRY. 49% OF JEFFERSON COUNTY, KENTUCKY, ATTORNEYS ARE MEMBERS AS WELL AS 20% OF KENTUCKY ATTORNEYS. THE ASSOCIATION PROVIDES OPPORTUNITIES FOR MEMBERS TO JOIN ANY OF THE 20 SECTIONS, WHICH OFFER PROFESSIONAL DEVELOPMENT AND INTERACTION WITH COLLEAGUES WHO PRACTICE IN THE SAME FIELD.
PUBLICATIONS- THE ASSOCIATION'S PUBLICATIONS INCLUDE BAR BRIEFS, A MONTHLY NEWSLETTER WHICH PROVIDES NEWS AND INFORMATION TO MEMBERS ABOUT THE LEGAL PROFESSION, UPCOMING CLE PROGRAMS, BENEFITS, SECTION MEETINGS AND OTHER LAW-RELATED ACTIVITIES. ALSO PUBLISHED IS THE ANNUAL PICTORIAL ROSTER, A PHOTO DIRECTORY OF MEMBERS WHICH IS AN INVALUABLE GUIDE FOR LOCAL ATTORNEYS AND THEIR STAFF.
CONTINUING LEGAL EDUCATION (CLE)- THE ASSOCIATION IS A LEADING CLE PROVIDER PRESENTING APPROXIMATELY 70 SEMINARS ANNUALLY. THE LEADERSHIP OF THE ASSOCIATION'S 20 SECTIONS WORKS CLOSELY WITH THE CLE DEPARTMENT TO IDENTIFY BOTH TOPICS AND SPEAKERS FOR MANY OF THE PROGRAMS HOSTED EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deena G Ombres Past President | OfficerTrustee | 1 | $0 |
Seth Gladstein President | OfficerTrustee | 1 | $0 |
Kate L Crosby President-Elect | OfficerTrustee | 1 | $0 |
Bryan R Armstrong Vice President/treasurer | OfficerTrustee | 1 | $0 |
Maria A Fernandez Secretary | OfficerTrustee | 1 | $0 |
Bonita K Black Director | Trustee | 0.3 | $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 | $4,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $821,099 |
| Investment income | $27,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $350 |
| Net Gain/Loss on Asset Sales | $12,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $906,155 |
| 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. | $110,563 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $463,179 |
| Pension plan accruals and contributions | $9,002 |
| Other employee benefits | $65,646 |
| Payroll taxes | $42,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,122 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,743 |
| Office expenses | $94,203 |
| Information technology | $42,993 |
| Royalties | $0 |
| Occupancy | $65,159 |
| Travel | $7,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,112 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,087 |
| Insurance | $13,010 |
| All other expenses | $304 |
| Total functional expenses | $1,086,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $77,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,103 |
| 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 | $7,199 |
| Net Land, buildings, and equipment | $106,664 |
| Investments—publicly traded securities | $1,677,323 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,898,550 |
| Accounts payable and accrued expenses | $93,806 |
| Grants payable | $0 |
| Deferred revenue | $104,517 |
| 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 | $4,796 |
| Total liabilities | $203,119 |
| Net assets without donor restrictions | $1,691,471 |
| Net assets with donor restrictions | $3,960 |
| 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 | $1,898,550 |