Practising Law Institute

“990 review process the practising law institute's form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the board of trustees after review by senior management and the audit committee. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the internal revenue service.”

“Conflict of interest policy monitoring & enforcement each trustee of the practising law institute is required to annually disclose any conflicts of interest that arise by virtue of employment, board service, or position with the organization. Practising law institute monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.”

“Process for determining compensation practising law institute undertakes a thorough process to ensure that the executive compensation it pays to its management and all of the officers and key employees of the organization is reasonable given the market in which it operates. In relevant part, the board of trustees has established a compensation committee of independent persons that have no personal interests in the proposed compensation agreement. The compensation committee utilized benchmark data, surveys, and other reports to derive the president's salary. The president has no decision-making authority with respect to her own compensation arrangement. The compensation committee reviews comparability data and makes a recommendation to the board with respect to the reasonable compensation of the president. The board approves the president's salary. The institute's president and senior vice president review comparability and market data and performance reviews and makes a recommendation to the compensation committee with respect to 1) annual raises for all officers and 2) a range of merit-based salary increases for all employees. The compensation committee approves these raises and the range of salary increases. The full pli board approves the overall budget, which includes all personnel expenses for the upcoming budget year.”

“Availability of documents to the public the institute makes its form 990 available to the public by retaining a copy at its place of business. The institute's financial statements are available on their website. The governing documents and conflict of interest policy are not ordinarily made available to the public, however, if requested, they will be provided at the institute's discretion.”

“Volunteer: volunteer instructional services are provided by attorneys and others in the legal profession. The value of the volunteer services has not been reflected in the financial statements as the nature of these services does not meet the criteria for recognition of contributed services under generally accepted accounting principles in the united states of america.”

“Organization's mission (continued) the institute is chartered by the regents of the university of the state of new york, and was founded in 1933 by harold p. Seligson. The institute provides the highest quality, accredited, continuing legal and professional education programs in a variety of formats which are delivered by 4,322 volunteer faculty including prominent lawyers, judges, investment bankers, accountants, corporate counsel, and u.s. And international government regulators. The institute publishes a comprehensive library of treatises, course handbooks and answer books that are also available through the pli plus online platform. A significant part of the institute's mission is a commitment to the pro bono community.”

“Pension related adjustment -979,829.”