Arkansas Bar Association
- Assets
- $1.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Little Rock, AR
- Founding
- 04/1979
- Data as of
- 06/2022
- EIN
- 71-0262732
Organization Overview
Arkansas Bar Association is located in Little Rock, AR. The organization was established in 1979. 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 06/2022, Arkansas Bar Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas 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 06/2022, Arkansas Bar Association generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 5 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 PURPOSES OF THE ARKANSAS BAR ASSOCIATION INCLUDE THE FOLLOWING: ADVANCE THE ADMINISTRATION OF JUSTICE; FOSTER AND MAINTAIN ON THE PART OF ATTORNEYS HIGH IDEALS OF INTEGRITY, LEARNING, COMPETENCE AND PUBLIC SERVICE, AND HIGH STANDARDS OF CONDUCT; ENCOURAGE THE LEGAL PROFESSION AND ITS INDIVIDUAL MEMBERS TO PERFORM MORE EFFECTIVELY AND EFFICIENTLY THEIR RESPONSIBILITIES IN THE PUBLIC INTEREST; CONDUCT A PROGRAM OF CONTINUING LEGAL EDUCATION FOR ATTORNEYS; PROVIDE A FORUM FOR THE DISCUSSION OF SUBJECTS PERTAINING TO THE PRACTICE OF LAW; IMPROVE THE JUDICIAL AND LEGAL PROCESS, AND ADVANCE LAW AND ORDER; AND ENCOURAGE PRACTICES THAT IMPROVE THE HONOR AND DIGNITY OF THE LEGAL PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING OF MEMBERSHIP ATTENDED IN PERSON AND VIRTUALLY BY 547 ATTORNEYS, WITH 76 SPEAKERS INCLUDING ARKANSAS' MOST PROMINENT LAWYERS, JUDGES AND PROFESSORS ADDRESSING CURRENT LEGAL ISSUES AND RECENT DEVELOPMENTS IN THE FIELD OF LAW; WITH 37 HOURS OF CONTINUING LEGAL EDUCATION AVAILABLE TO ATTENDEES.
MOCK TRIAL COMPETITION PROVIDED SIMULATED REAL WORLD TRIAL EXPERIENCE FOR STUDENTS FROM SEVERAL HIGH SCHOOLS.THE ASSOCIATION CREATES AND PUBLISHES OVER A DOZEN HANDBOOKS AND LEGAL SYSTEMS CONCERNING VARIOUS AREAS OF LAW PRACTICE. WRITTEN BY EXPERIENCED ATTORNEYS, THE PUBLICATIONS PROVIDE LEGAL FORMS, RELEVANT LAW, PROCEDURAL RULES AND PRACTICAL "HOW TO" ADVICE FOR THE PRACTICE OF LAW IN THE SPECIFIC AREA COVERED.ARKANSASFINDALAWYER MATCHES ATTORNEYS WITH THOSE NEEDING THE SERVICES OF AN ATTORNEY. THERE WERE OVER 200 PARTICIPATING ATTORNEYS.
CLE PROGRAMS FOR THE BAR YEAR WERE HELD IN PERSON AND VIRTUALLY. THERE WERE 10 PROFESSIONAL DEVELOPMENT SEMINARS OFFERING OVER 75.5 HOURS OF CONTINUING LEGAL EDUCATION ON A NUMBER OF TOPICS, PRESENTED TO BY 131 SPEAKERS. IN ADDITION, 93 WEBINARS AND ON-DEMANDS WERE OFFERED TOTALING 150.5 HOURS OF CONTINUING LEGAL EDUCATION, PRESENTED TO A COMBINED TOTAL OF 4,286 ATTENDEES.
PUBLICATION OF THE ARKANSAS LAWYER, A PROFESSIONAL MAGAZINE FOR ATTORNEYS; 16,530 COPIES WERE PUBLISHED IN FOUR QUARTERLY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Hutchins Executive Director | Officer | 50 | $187,500 |
Bob Estes President | OfficerTrustee | 1 | $0 |
Joe Kolb President Elect | OfficerTrustee | 1 | $0 |
Glen Hoggard Secretary | OfficerTrustee | 1 | $0 |
Brant Perkins Treasurer | OfficerTrustee | 1 | $0 |
Peyton Bentley Yls Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $500 |
| Government grants | $140,549 |
| 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 | $141,049 |
| Total Program Service Revenue | $1,723,052 |
| Investment income | $2,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $31,814 |
| Net Rental Income | $80,108 |
| 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 | $1,978,329 |
| 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. | $213,865 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $491,865 |
| Pension plan accruals and contributions | $65,071 |
| Other employee benefits | $79,493 |
| Payroll taxes | $48,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,950 |
| Fees for services: Lobbying | $1,472 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,349 |
| Advertising and promotion | $32,119 |
| Office expenses | $19,517 |
| Information technology | $187,954 |
| Royalties | $0 |
| Occupancy | $274,116 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $236,451 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,039 |
| Insurance | $15,519 |
| All other expenses | $43,127 |
| Total functional expenses | $1,987,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,329,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,765 |
| 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 | $169,022 |
| Net Land, buildings, and equipment | $106,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,621,823 |
| Accounts payable and accrued expenses | $286,533 |
| Grants payable | $0 |
| Deferred revenue | $539,457 |
| 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 | $825,990 |
| Net assets without donor restrictions | $795,833 |
| 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 | $1,621,823 |