Colorado Lawyer Trust Account Foundation
- Assets
- $8.2m
- Revenue
- $1.9m
- Investments
- $2.3m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/1991
- Data as of
- 06/2021
- 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 06/2021, Colorado Lawyer Trust Account Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. 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 $21,981,619. 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
2021
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 |
|---|---|---|---|
Bruce L Plotkin President | OfficerTrustee | 4 | $0 |
David Schafer Treasurer | OfficerTrustee | 4 | $0 |
Chuong M Le Secretary | OfficerTrustee | 4 | $0 |
Elizabeth H Titus Vice President | OfficerTrustee | 4 | $0 |
Diana M Poole Executive Dir. | Officer | 20 | $0 |
David M Johnson 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 | $142,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,703 |
| Total Program Service Revenue | $1,728,793 |
| Investment income | $59,165 |
| 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 | $1,930,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,295,100 |
| 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. | $56,267 |
| Compensation of current officers, directors, key employees. | $56,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,103 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,376 |
| Payroll taxes | $10,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,829 |
| Advertising and promotion | $0 |
| Office expenses | $820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,241 |
| Travel | $0 |
| 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 | $4,377 |
| All other expenses | $1,777 |
| Total functional expenses | $2,507,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,194,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148,501 |
| 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 | $16,355 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,619,883 |
| Investments—other securities | $2,256,444 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,235,540 |
| Accounts payable and accrued expenses | $8,699 |
| Grants payable | $2,260,746 |
| 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 | $544,747 |
| Total liabilities | $2,814,192 |
| Net assets without donor restrictions | $3,820,897 |
| 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 | $8,235,540 |
Grants Awarded
Over the last fiscal year, Colorado Lawyer Trust Account Foundation has awarded $2,345,100 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: PRO-BONO LEGAL SERVICES | $2,045,100 |
Denver, CO PURPOSE: PRO-BONO LEGAL SERVICES | $100,000 |
Denver, CO PURPOSE: STAFFING FOR CO ACCESS JUSTICE COMM | $50,000 |
Denver, CO PURPOSE: PRO-BONO LEGAL SERVICES | $37,500 |
Montrose, CO PURPOSE: PRO-BONO LEGAL SERVICES | $30,000 |
Colorado Springs, CO PURPOSE: PRO-BONO LEGAL SERVICES | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Colorado Lawyer Trust Account Foundation has recieved totaling $64,700.
| Awarding Organization | Amount |
|---|---|
Colorado Bar Foundation Denver, CO PURPOSE: TO FURTHER THE ENTITIES EXEMPT PURPOSE | $35,000 |
Legal Aid Foundation Of Colorado Denver, CO PURPOSE: PAYROLL AND RENT | $29,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salt Lake Legal Defender Association Salt Lake City, UT | $36,357,529 | $22,046,436 |
Neighborhood Legal Services Of Los Angeles County Glendale, CA | $15,484,574 | $19,079,887 |
Legal Aid Services Of Oklahoma Inc Oklahoma City, OK | $5,860,063 | $19,150,471 |
Futures Without Violence San Francisco, CA | $78,282,688 | $17,427,941 |
California Rural Legal Assistance Inc Oakland, CA | $14,600,496 | $20,882,280 |
Community Firm Denver, CO | $6,715,849 | $18,879,836 |
San Mateo County Bar Association Redwood City, CA | $12,601,910 | $18,917,889 |
Legal Aid Society Of San Diego San Diego, CA | $15,145,816 | $17,326,996 |
Lubbock Private Defenders Office Inc Lubbock, TX | $2,268,732 | $17,386,529 |
National Law Enforcement Telecommunications Systems Inc Phoenix, AZ | $28,200,414 | $15,616,683 |
Inner City Law Center Los Angeles, CA | $17,738,196 | $17,206,542 |
San Joaquin County Child Abuse Prevention Council Stockton, CA | $6,373,589 | $16,827,116 |