Colorado Lawyer Trust Account Foundation
- Assets
- $15.7m
- Revenue
- $11.4m
- Investments
- $6.0m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/1991
- Data as of
- 06/2023
- EIN
- 74-2250921
Organization Overview
Colorado Lawyer Trust Account Foundation is located in Denver, CO. The organization was established in 1991. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Lawyer Trust Account 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, Colorado Lawyer Trust Account Foundation generated $11.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $6.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Colorado Lawyer Trust Account Foundation has awarded 92 individual grants totaling $21,913,133. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING OF LEGAL SERVICES, PRO-BONO AND LEGAL EDUCATION PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING OF LEGAL SERVICES, PRO-BONO AND LEGAL EDUCATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana M Poole Executive Dir. | Officer | 0 | $0 |
Chuong M Le President | OfficerTrustee | 4 | $0 |
David M Johnson Vice President | OfficerTrustee | 4 | $0 |
Erin M Eiselein Secretary | OfficerTrustee | 4 | $0 |
Sam Niebrugge Treasurer | OfficerTrustee | 4 | $0 |
Elizabeth Aigler Director | 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 | $77,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,794 |
| Total Program Service Revenue | $11,064,903 |
| Investment income | $262,590 |
| 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 | $11,405,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,891,600 |
| 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. | $61,164 |
| Compensation of current officers, directors, key employees. | $61,164 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,694 |
| Pension plan accruals and contributions | $6,705 |
| Other employee benefits | $14,382 |
| Payroll taxes | $11,177 |
| Fees for services: Management | $6,585 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $225 |
| Office expenses | $179 |
| Information technology | $24,804 |
| Royalties | $0 |
| Occupancy | $16,289 |
| Travel | $1,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,689 |
| All other expenses | $938 |
| Total functional expenses | $6,137,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,841,725 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,335,998 |
| 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 | $9,265 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,534,404 |
| Investments—other securities | $5,967,716 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,689,108 |
| Accounts payable and accrued expenses | $7,836 |
| Grants payable | $4,891,600 |
| 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 | $878,821 |
| Total liabilities | $5,778,257 |
| Net assets without donor restrictions | $8,310,400 |
| Net assets with donor restrictions | $1,600,451 |
| 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 | $15,689,108 |
Grants Awarded
Over the last fiscal year, Colorado Lawyer Trust Account Foundation has awarded $5,891,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALPINE LEGAL SERVICES GARFIELD CNTY PURPOSE: PRO-BONO LEGAL SERVICES | $20,000 |
COLO ACCESS TO JUSTICE COMMIS PURPOSE: GENERAL OPERATING | $65,000 |
COLORADO LEGAL SERVICES PURPOSE: PRO-BONO LEGAL SERVICES | $5,468,100 |
COLORADO CTR ON LAW & POLICY PURPOSE: PRO-BONO LEGAL SERVICES | $100,000 |
DEN BAR FDMETRO VOL LAWYERS PURPOSE: PRO-BONO LEGAL SERVICES | $75,000 |
LARIMER COUNTY BAR ASSOC PURPOSE: PRO-BONO LEGAL SERVICES | $18,000 |