Techlaw Group Inc
- Assets
- $555.0k
- Revenue
- $520.0
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 04/1990
- Data as of
- 12/2022
- EIN
- 75-2147172
Organization Overview
Techlaw Group Inc is located in Knoxville, TN. The organization was established in 1990. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Techlaw Group Inc 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, Techlaw Group Inc generated $520.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (56.9%) each year. All expenses for the organization totaled $117.4k during the year ending 12/2022. 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
INTERNATIONAL NETWORK OF LAW FIRMS COMMITTED TO SERVING LEGAL NEEDS OF THOSE INVOLVED WITH TECHNOLOGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1986, TECHLAW GROUP, INC. ("TECHLAW") HAS BUILT AN INTERNATIONAL NETWORK OF MAJOR LAW FIRMS COMMITTED TO SERVING THE LEGAL NEEDS OF BUSINESSES, INSTITUTIONS, AND INDIVIDUALS INVOLVED WITH TECHNOLOGY. THROUGH THIS NETWORK, TECHLAW PROVIDES THE CLIENTS OF ITS MEMBER LAW FIRMS WITH ACCESS TO LEADING-EDGE STRATEGY IN THE PRACTICE OF TECHNOLOGY LAW. BY COLLABORATING ON REFERRALS, CONTINUING LEGAL EDUCATION AND BEST PRACTICES, MEMBERS OF TECHLAW DELIVER A POWERFUL, GLOBAL RESOURCE THAT WOULD BE IMPOSSIBLE FOR ANY SINGLE MEMBER FIRM TO OFFER ALONE. TECHLAW'S MEMBER FIRMS COMPRISE THOUSANDS OF ATTORNEYS WORKING FROM 28 LAW FIRMS IN THE PRINCIPAL CENTERS OF BUSINESS AND TECHNOLOGY IN MORE THAN 35 COUNTRIES AROUND THE WORLD. MEMBERS OF TECHLAW OFFER LEGAL SERVICES TO CLIENTS IN INDUSTRIES THAT RANGE FROM ADVANCED MATERIALS, MEDICAL DEVICES AND BIOTECHNOLOGY TO TELECOMMUNICATIONS, ELECTRONICS, SEMICONDUCTORS AND SOFTWARE DEVELOPMENT. TECHLAW FIRM ATTORNEYS ALSO WORK CLOSELY WITH PRIVATE GROUPS AND GOVERNMENTS AROUND THE WORLD TO PROMOTE THE GROWTH OF NEW TECHNOLOGY AND THE RATIONAL EVOLUTION OF LAWS AND REGULATIONS REGARDING THE CREATION OF COMMERCIALIZATION OF SUCH TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Catania Director | Trustee | 1 | $0 |
Randall Colson Director | Trustee | 1 | $0 |
Alexander Yap Director | Trustee | 1 | $0 |
Sunny Handa Treasurer | OfficerTrustee | 1 | $0 |
Benjamin Bradford Director | Trustee | 1 | $0 |
Ralph Pais 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $520 |
| 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 | $520 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,218 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $109,578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,122 |
| Total functional expenses | $117,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,946 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79 |
| Total assets | $555,025 |
| Accounts payable and accrued expenses | $23,955 |
| 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 | $23,955 |
| Net assets without donor restrictions | $531,070 |
| 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 | $555,025 |