International Legal Technology
- Assets
- $10.9m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 35
- Location
- Chicago, IL
- Founding
- 01/2014
- Data as of
- 12/2022
- EIN
- 94-2964819
Organization Overview
International Legal Technology is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, International Legal Technology employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Legal Technology 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, International Legal Technology generated $13.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $7.9m 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
ILTA IS THE TRUSTED GLOBAL RESOURCE COMMUNITY FOR LEGAL TECHNOLOGISTS, PROVIDING (SEE SCH O) INFORMATION, EDUCATION, PEER CONNECTIONS, AND CAREER SUPPORT THAT ENHANCES THE DELIVERY OF LEGAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES: THE CONFERENCE EVENTS PROVIDE EDUCATIONAL SESSIONS, NETWORKING OPPORTUNITIES, EXPOSURE TO VENDOR PRODUCT OFFERINGS, AND PROFESSIONAL DEVELOPMENT TO ATTENDEES. IN ADDITION TO AN ANNUAL MULTI-DAY EVENT WITH LARGE SCOPE, MANY SPECIALTY EVENTS, ROADSHOWS, AND LOCAL NETWORKING MEETINGS PROVIDE VALUE TO ILTA'S MEMBERS THROUGHOUT THE YEAR.
CAREER CENTER: MEMBER ENTITIES AND SPONSORS POST CAREER OPPORTUNITIES ON THE ILTA WEBSITE.
PRODUCT SALES: EDUCATIONAL CONTENT IS DELIVERED PRIMARILY VIA ELECTRONIC MEANS, EITHER LIVE OR RECORDED. THERE ARE MANY TYPES OF DIGITAL CONTENT PUBLISHED BY THE ASSOCIATION, AS TECHNOLOGY CHANGES TO SUPPORT NEW WAYS TO DISTRIBUTE CONTENT, ILTA EXPLORES NEW FORMATS FOR THE CONSUMPTION OF CONTENT.
ADVERTISING: ILTA OFFERS AN ARRAY OF DIGITAL PUBLICATIONS, WEBSITES, AND OTHER FORMS OF COMMUNICATION THAT REACH A LARGE AUDIENCE. ILTA SPONSORS LEVERAGE THESE OFFERINGS BY PURCHASING ADVERTISING SPACE FOR THEIR BRAND MESSAGING TO REACH KEY TECHNOLOGY PROFESSIONALS IN LAW FIRMS AND CORPORATE LEGAL DEPARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mckenna Director | OfficerTrustee | 5 | $0 |
Ginevra Saylor President | OfficerTrustee | 5 | $0 |
Tony Mckenna Executive VP | Trustee | 5 | $0 |
Chris Hunt Director | OfficerTrustee | 5 | $0 |
Chris Boyd Director | Trustee | 5 | $0 |
Jack Thompson Treasurer | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grc Productions Event Technology Services | 12/30/19 | $485,935 |
Top Hat Event Planning | 12/30/19 | $285,903 |
Your Part-time Controller Llc Accounting Support | 12/30/19 | $125,926 |
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 | $11,956,032 |
| Investment income | $33,859 |
| 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 | $13,630,244 |
| 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. | $973,112 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,707,389 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $69,600 |
| Other employee benefits | $264,925 |
| Payroll taxes | $180,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,947 |
| Fees for services: Accounting | $94,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,285 |
| Advertising and promotion | $0 |
| Office expenses | $437,541 |
| Information technology | $306,299 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $138,946 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,225,709 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,920 |
| Insurance | $86,303 |
| All other expenses | $0 |
| Total functional expenses | $7,895,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,314,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $537,903 |
| 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 | $246,470 |
| Net Land, buildings, and equipment | $4,797 |
| Investments—publicly traded securities | $7,750,639 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,854,347 |
| Accounts payable and accrued expenses | $505,878 |
| Grants payable | $0 |
| Deferred revenue | $2,376,089 |
| 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 | $2,881,967 |
| Net assets without donor restrictions | $7,972,380 |
| 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 | $10,854,347 |