Louisiana Association Of Defense Counsel
- Assets
- $619.7k
- Revenue
- $345.3k
- Investments
- $517.9k
- Employees
- 2
- Location
- Metairie, LA
- Founding
- 01/1986
- Data as of
- 06/2023
- EIN
- 72-1007229
Organization Overview
Louisiana Association Of Defense Counsel is located in Metairie, LA. The organization was established in 1986. 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 06/2023, Louisiana Association Of Defense Counsel employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Association Of Defense Counsel 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 06/2023, Louisiana Association Of Defense Counsel generated $345.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $366.7k during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 4 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
PROMOTE THE INTEREST OF LEGAL DEFENSE COUNSEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TORTS MEETING: THIS ONE-DAY SEMINAR WAS HELD IN CONJUCTION WITH THE LOUISIANA JUDICIAL COLLEGE IN NEW ORLEANS, LA. THE PROGRAM OFFERED 7 HOURS OF CLE CREDIT.
SKI TRIP AND MEETING: THIS FOUR-DAY TRIP AND CONTINUING LEGAL EDUCATION PROGRAM WAS HELD IN BEAVER CREEK, COLORADO. THE PROGRAM OFFERED 8 HOURS OF CLE CREDIT. THE REGISTRATION WAS ABOUT 15 MEMBERS, AND 32 PEOPLE ATTENDED.
YL AWARD DINNER: THIS PROGRAM WAS HELD IN NEW ORLEANS AT WHICH THE LADC PRESENTED AWARDS TO TWO YOUNG ATTORNEYS. THE DINNER WAS ATTENDED BY ABOUT 85 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Corbett Executive Dir. | Officer | 20 | $60,000 |
Dane Ciolino Assoc Exec Dir | Officer | 20 | $50,000 |
Sam Baumgartner Board Member | Trustee | 1 | $0 |
Bruce Cranner Board Member | Trustee | 1 | $0 |
Lana Crump Board Member | Trustee | 1 | $0 |
Jordan Faircloth Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $201,875 |
| 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 | $201,875 |
| Total Program Service Revenue | $124,636 |
| Investment income | $18,765 |
| 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 | $345,276 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $110,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,360 |
| Advertising and promotion | $6,411 |
| Office expenses | $2,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,588 |
| All other expenses | $731 |
| Total functional expenses | $366,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,390 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $517,893 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,400 |
| Total assets | $619,683 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $619,683 |
| Total liabilities and net assets/fund balances | $619,683 |