Lambda Legal Defense and Education Fund Inc.

“The return is prepared by an independant accountant. A draft of the return is reviewed by the audit committee. The final draft is then sent to the full board for a comment period of at least five days prior to filing with the irs.”

“The board of directors and senior management team annually signs and discloses any potential conflicts of interest. During new hire orientation all employees are introduced to lambda legal's employee handbook which includes a policy that defines conflicts of interest and requires staff to avoid any conflicts of interest and notify their director if a potential conflict exists.”

“The board of directors reviews ceo performance annually. The ceo contract is reviewed prior to its expiration, and compensation may be revised at such time. The board of directors determines compensation using annual performance records, industry-based compensation benchmarks, and a variety of relevant compensation factors. The board approves the ceo contract, including compensation, in an executive session during a scheduled board meeting. Form 990, part vi, section b, line 15b: when officers and key employees are recruited to the organization, lambda legal may work with recruiting firms that bring comparable compensation data as part of the search process, or lambda legal may use benchmarks prepred by a professional compensation consultant for roles not filled by an external recruiter. Determination of compensation for officers and key employees are substantiated by these benchmarks. Lambda legal tasked a professional compensation consultant to review all positions and provide updated benchmarks during 2023.”

“The organization makes its financial statements available to the public through its website. The conflict of interest policy and governing documents are made available by request, which can be made through the website's contact us page.”

“The organization is amending the return to include an additional incentive paid to kevin jennings, ceo, that was not included in the orginial return.”

“To expand the reach and scale of its litigation and policy work, and leverage the expertise of its internal subject matter experts, lambda legal recruits, organizes and oversees the work of a large network of pro bono lawyers and law firms around the country to help in our work. Assembling and managing these pro bono services is a key component of our strategy and program services. It allows lambda legal to expand the scale of our essential, high quality legal services nationwide with a modest staff, and enables us to focus our internal resources as needed to a variety of breaking legal issues across the country. This work also trains and expands the pool of pro bono attorneys available around the country to advance the work of protecting and expanding the rights of the lgbtq+ communication on an on-going basis. The value of these pro bono services is included in our audited financial statements and was $9,889,369 in 2023. In accordance with applicable laws and regulations, revenue and expenses associated with this important component of our program services are not reflected in the revenue and expenses set forth in part ix statement of functional expenses of the 990. Nevertheless, we believe it is important for lambda legal constituents to be informed of this work and its impact. In 2023, the statement of functional expenses reported in lambda legal's audited financial reports, which are prepared in accordance with generally accepted accounting principles and made available on lambda legal's website, includes $9,889,369 of pro bono services as program expenses. This computes to a program ratio of 71%.”

“Change in value of beneficial interest in trust 103,124. Change in value of gift annuities -63,650.”

“The process of overseeing the audit and selection of independent accountant has not changed from the prior year.”