Civic Intelligence

Pa Lawyers Fund for Client Security

990 • Fiscal year 2016 • EIN 22-2436398

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 09, 2016

PO Box 62585Harrisburg, PA 17106-2585

(717) 231-9510

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Net Margin

6th percentile

-37%

Higher net margin than 6% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

60th percentile

$133,919

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Asset Growth

7th percentile

-21%

Faster asset growth than 7% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

10%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$8,612,614

Down $2,292,891 (-21%) from 2015

Net Assets

Down

$8,611,504

Down $2,290,441 (-21%) from 2015

Liabilities

Down

$1,110

Down $2,450 (-69%) from 2015

Revenue

Up

$3,849,280

Up $364,213 (+10%) from 2015

Expenses

Up

$5,255,719

Up $1,973,198 (+60%) from 2015

Net Income

Down

-$1,406,439

Down $1,608,985 (-794%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $11,140,226Liabilities 2011: $62Net Assets 2011: $11,140,1642011Assets 2012: $10,037,305Liabilities 2012: $886Net Assets 2012: $10,036,4192012Assets 2013: $11,542,832Liabilities 2013: $3,260Net Assets 2013: $11,539,5722013Assets 2014: $10,830,737Liabilities 2014: $3,350Net Assets 2014: $10,827,3872014Assets 2015: $10,905,505Liabilities 2015: $3,560Net Assets 2015: $10,901,9452015Assets 2016: $8,612,614Liabilities 2016: $1,110Net Assets 2016: $8,611,5042016Assets 2017: $10,832,924Liabilities 2017: $889Net Assets 2017: $10,832,0352017Assets 2018: $9,891,055Liabilities 2018: $909Net Assets 2018: $9,890,1462018Assets 2019: $9,719,215Liabilities 2019: $830Net Assets 2019: $9,718,3852019Assets 2020: $13,221,262Liabilities 2020: $849Net Assets 2020: $13,220,4132020Assets 2021: $17,924,755Liabilities 2021: $866Net Assets 2021: $17,923,8892021Assets 2022: $17,584,867Liabilities 2022: $3,298,830Net Assets 2022: $14,286,0372022Assets 2023: $20,253,703Liabilities 2023: $2,780,023Net Assets 2023: $17,473,6802023

Highlighted filing

2016

Assets$8,612,614
Liabilities$1,110
Net Assets$8,611,504

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $3,109,6412011Expenses 2012: $3,395,4852012Expenses 2013: $2,651,7142013Revenue 2014: $3,427,809Expenses 2014: $4,696,422Net Income 2014: -$1,268,6132014Revenue 2015: $3,485,067Expenses 2015: $3,282,521Net Income 2015: $202,5462015Revenue 2016: $3,849,280Expenses 2016: $5,255,719Net Income 2016: -$1,406,4392016Revenue 2017: $6,239,748Expenses 2017: $3,995,525Net Income 2017: $2,244,2232017Revenue 2018: $5,443,070Expenses 2018: $6,608,235Net Income 2018: -$1,165,1652018Revenue 2019: $4,093,478Expenses 2019: $4,590,125Net Income 2019: -$496,6472019Revenue 2020: $5,565,162Expenses 2020: $2,290,142Net Income 2020: $3,275,0202020Revenue 2021: $4,283,702Expenses 2021: $1,435,892Net Income 2021: $2,847,8102021Revenue 2022: $3,443,010Expenses 2022: $2,478,928Net Income 2022: $964,0822022Revenue 2023: $4,246,059Expenses 2023: $1,527,300Net Income 2023: $2,718,7592023

Highlighted filing

2016

Revenue$3,849,280
Expenses$5,255,719
Net Income-$1,406,439
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$4,968,653
Mission and Program Overview

Mission

The organization was established by the supreme court of pennsylvania to reimburse clients who have suffered a loss of money or other property as a result of the dishonest conduct of pennsylvania attorneys. The fund is a remedy for clients who are unable to obtain reimbursement from other sources, such as third parties or the attorney involved.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,114,183$6,112,201▼ $2,001,982
Savings and Temporary Cash Investments$2,569,768$2,336,183▼ $233,585
Cash and Non-Interest-Bearing Accounts$221,554$164,230▼ $57,324
Total Assets$10,905,505$8,612,614▼ $2,292,891
Liabilities
Other Liabilities$3,560$1,110▼ $2,450
Total Liabilities$3,560$1,110▼ $2,450
Net Assets / Fund Balance
Unrestricted Net Assets$10,901,945$8,611,504▼ $2,290,441
Total Net Assets Fund Balance$10,901,945$8,611,504▼ $2,290,441
Total Liabilities and Net Assets / Fund Balance$10,905,505$8,612,614▼ $2,292,891
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathryn J Peifer Morgan EsquireEx. DirectorFT$133,919$133,919

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,024,929
Investment Income
$824,351
Other Revenue
$0
Change in Net Assets
$-1,406,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,849,280
Revenue Not Reported on Form 990
$-884,002
Total Revenue per Audited Statements
$2,965,278
Total Revenue per Form 990
$3,849,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,009,638
Salaries, Compensation, and Employee Benefits$246,081
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$133,919-$133,919
Other Salaries and Wages-$56,965-$56,965
Other Expenses$346,443$45,654-$45,654
Fees for Service Investment Mgmnt Fees-$40,258-$40,258
Occupancy-$36,610-$36,610
Office Expenses-$28,669-$28,669
Other Employee Benefits-$21,617-$21,617
Pension Plan Contributions-$19,100-$19,100
Conferences and Meetings-$14,671-$14,671
Payroll Taxes-$14,480-$14,480
All Other Expenses-$14,007-$14,007
Fees for Services Accounting-$8,024-$8,024
Travel-$5,521-$5,521
Insurance-$693-$693
Fees for Services Legal-$623-$623
Total Functional Expenses$4,740,451$515,268$0$5,255,719

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,255,719
Total Expenses per Audited Statements$5,255,719
Total Expenses per Form 990$5,255,719
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Local Payroll Tax$829
Federal and State Payroll Taxes$226
Accrued Unemployment Taxes-state$31
Lst Tax$24
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

The pa supreme court is the governing body of the organiation.

Form 990, Page 6, Part VI, Line 11B

The governing body reads a copy of the form. If they notice a discrepency, the board addresses it with the preparer for clarification or correction as necessary.

Form 990, Page 6, Part VI, Line 12C

When the organization receives a claim involving a board member, those claims automatically go directly to the court. Those claims are not handled by the organization.

Form 990, Page 6, Part VI, Line 15A

The board has inquired similar organizations in other states about the compensation of their executive directors. The board reviews and approves the executive director's pay during a board meeting which is documented in the minutes. The board chair communicates the compensation directly to the organization's accountants.

Form 990, Page 6, Part VI, Line 15B

No other officers or key employees.

Form 990, Page 6, Part VI, Line 19

Financial statements are available on the organization's website. Other information is available upon request.

Filing and Contact Details

Filer

Filer Name
Pa Lawyers Fund for Client Security
EIN
22-2436398
Phone
7172319510
Address
PO BOX 62585, HARRISBURG, PA 17106-2585

Signing Officer

Name
Kathryn J Peifer Morgan Esquire
Title
Ex. Director
Phone
7172319510
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn J Peifer Morgan Esquire
Formed
1982
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
2

Preparer

Firm
Gift & Associates LLC
Address
1205 MANOR DRIVE SUITE 100, MECHANICSBURG, PA 17055
Preparer
Andrew J Sartalis CPA
Phone
7177663555
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization was established by the supreme court of pennsylvania to reimburse clients who have suffered a loss of money or other property as a result of the dishonest conduct of pennsylvania attorneys. The fund is a remedy for clients who are unable to obtain reimbursement from other sources, such as third parties or the attorney involved.

Form 990, Part XI

Other changes in net assets is unrealized gain/(loss) on investments.

Form 990, Part XI, Line 9

Unrealized gain/loss on investments 0

Raw XML Appendix350 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EX. DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt05255719
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-884002
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0829
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1226
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt231
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt324
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOCAL PAYROLL TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FEDERAL AND STATE PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED UNEMPLOYMENT TAXES-STATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LST TAX
IRS990ScheduleD/RevenueNotReportedAmt0-884002
IRS990ScheduleD/RevenueSubtotalAmt03849280
IRS990ScheduleD/TotalExpensesPerForm990Amt05255719
IRS990ScheduleD/TotalLiabilityAmt01110
IRS990ScheduleD/TotalRevenuePerForm990Amt03849280
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02965278
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05255719
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS ESTABLISHED BY THE SUPREME COURT OF PENNSYLVANIA TO REIMBURSE CLIENTS WHO HAVE SUFFERED A LOSS OF MONEY OR OTHER PROPERTY AS A RESULT OF THE DISHONEST CONDUCT OF PENNSYLVANIA ATTORNEYS. THE FUND IS A REMEDY FOR CLIENTS WHO ARE UNABLE TO OBTAIN REIMBURSEMENT FROM OTHER SOURCES, SUCH AS THIRD PARTIES OR THE ATTORNEY INVOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PA SUPREME COURT IS THE GOVERNING BODY OF THE ORGANIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY READS A COPY OF THE FORM. IF THEY NOTICE A DISCREPENCY, THE BOARD ADDRESSES IT WITH THE PREPARER FOR CLARIFICATION OR CORRECTION AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WHEN THE ORGANIZATION RECEIVES A CLAIM INVOLVING A BOARD MEMBER, THOSE CLAIMS AUTOMATICALLY GO DIRECTLY TO THE COURT. THOSE CLAIMS ARE NOT HANDLED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD HAS INQUIRED SIMILAR ORGANIZATIONS IN OTHER STATES ABOUT THE COMPENSATION OF THEIR EXECUTIVE DIRECTORS. THE BOARD REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S PAY DURING A BOARD MEETING WHICH IS DOCUMENTED IN THE MINUTES. THE BOARD CHAIR COMMUNICATES THE COMPENSATION DIRECTLY TO THE ORGANIZATION'S ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO OTHER OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. OTHER INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER CHANGES IN NET ASSETS IS UNREALIZED GAIN/(LOSS) ON INVESTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UNREALIZED GAIN/LOSS ON INVESTMENTS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010905505
IRS990/TotalAssetsEOYAmt08612614
IRS990/TotalAssetsGrp/BOYAmt010905505
IRS990/TotalAssetsGrp/EOYAmt08612614
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0515268
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04740451
IRS990/TotalFunctionalExpensesGrp/TotalAmt05255719
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03560
IRS990/TotalLiabilitiesEOYAmt01110
IRS990/TotalLiabilitiesGrp/BOYAmt03560
IRS990/TotalLiabilitiesGrp/EOYAmt01110
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010901945
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08611504
IRS990/TotalProgramServiceExpensesAmt04740451
IRS990/TotalProgramServiceRevenueAmt03024929
IRS990/TotalReportableCompFromOrgAmt0133919
IRS990/TotalRevenueGrp/ExclusionAmt042334
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03806946
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03849280
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010905505
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08612614
IRS990/TravelGrp/ManagementAndGeneralAmt05521
IRS990/TravelGrp/TotalAmt05521
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010901945
IRS990/UnrestrictedNetAssetsGrp/EOYAmt08611504
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.PALAWFUND.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHRYN J PEIFER MORGAN ESQUIRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EX. DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07172319510
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PA LAWYERS FUND FOR CLIENT SECURITY
ReturnHeader/Filer/BusinessNameControlTxt0PALA
ReturnHeader/Filer/EIN0222436398
ReturnHeader/Filer/PhoneNum07172319510
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 62585
ReturnHeader/Filer/USAddress/CityNm0HARRISBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd0171062585
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260006710
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GIFT & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01205 MANOR DRIVE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MECHANICSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd017055
ReturnHeader/PreparerPersonGrp/PhoneNum07177663555
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW J SARTALIS CPA
ReturnHeader/ReturnTs02016-11-10T15:26:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$2.78$17.5$4.25$1.53$2.72
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.6$3.30$14.3$3.44$2.48$0.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$0.00$17.9$4.28$1.44$2.85
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.2$0.00$13.2$5.57$2.29$3.28
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.72$0.00$9.72$4.09$4.59$0.50
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.89$0.00$9.89$5.44$6.61$1.17
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$0.00$10.8$6.24$4.00$2.24
2016Detailed filing. Detailed filing data is available for this year.$8.61$0.00$8.61$3.85$5.26$1.41
2015Detailed filing. Detailed filing data is available for this year.$10.9$0.00$10.9$3.49$3.28$0.20
2014Detailed filing. Detailed filing data is available for this year.$10.8$0.00$10.8$3.43$4.70$1.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$0.00$11.5$2.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.0$0.00$10.0$3.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$0.00$11.1$3.11
Peer Organizations

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