Civic Intelligence

The Leadership Council on Legal Diversity Inc

990 • Fiscal year 2017 • EIN 27-0173338

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

951 E Byrd StRichmond, VA 23219

(804) 788-8044

Siviq Scores

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

Liabilities / Assets

71st percentile

0.35x

Higher debt load relative to assets than 71% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

64th percentile

0.29x

Higher debt load relative to revenue than 64% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

46th percentile

2.7%

Higher net margin than 46% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

96th percentile

$438,500

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

16th percentile

-6.2%

Faster asset growth than 16% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

1.9%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,627,447

Down $174,866 (-6.2%) from 2016

Net Assets

Up

$1,705,150

Up $85,993 (+5.3%) from 2016

Liabilities

Down

$922,297

Down $260,859 (-22%) from 2016

Revenue

Up

$3,191,207

Up $58,818 (+1.9%) from 2016

Expenses

Up

$3,105,214

Up $361,895 (+13%) from 2016

Net Income

Down

$85,993

Down $303,077 (-78%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2014: $2,201,734Liabilities 2014: $911,075Net Assets 2014: $1,290,6592014Assets 2015: $1,972,339Liabilities 2015: $742,252Net Assets 2015: $1,230,0872015Assets 2016: $2,802,313Liabilities 2016: $1,183,156Net Assets 2016: $1,619,1572016Assets 2017: $2,627,447Liabilities 2017: $922,297Net Assets 2017: $1,705,1502017Assets 2018: $3,412,931Liabilities 2018: $1,187,641Net Assets 2018: $2,225,2902018Assets 2019: $4,254,923Liabilities 2019: $1,743,437Net Assets 2019: $2,511,4862019Assets 2020: $5,599,995Liabilities 2020: $1,936,527Net Assets 2020: $3,663,4682020Assets 2021: $7,023,795Liabilities 2021: $1,947,535Net Assets 2021: $5,076,2602021Assets 2022: $8,065,519Liabilities 2022: $2,364,397Net Assets 2022: $5,701,1222022Assets 2023: $7,867,447Liabilities 2023: $2,115,803Net Assets 2023: $5,751,6442023Assets 2024: $8,347,500Liabilities 2024: $2,409,461Net Assets 2024: $5,938,0392024

Highlighted filing

2017

Assets$2,627,447
Liabilities$922,297
Net Assets$1,705,150

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $2,430,358Expenses 2014: $2,351,403Net Income 2014: $78,9552014Revenue 2015: $2,614,697Expenses 2015: $2,675,269Net Income 2015: -$60,5722015Revenue 2016: $3,132,389Expenses 2016: $2,743,319Net Income 2016: $389,0702016Revenue 2017: $3,191,207Expenses 2017: $3,105,214Net Income 2017: $85,9932017Revenue 2018: $3,694,217Expenses 2018: $3,199,077Net Income 2018: $495,1402018Revenue 2019: $3,965,942Expenses 2019: $3,679,746Net Income 2019: $286,1962019Revenue 2020: $4,030,870Expenses 2020: $2,878,888Net Income 2020: $1,151,9822020Revenue 2021: $4,176,806Expenses 2021: $2,764,014Net Income 2021: $1,412,7922021Revenue 2022: $5,150,737Expenses 2022: $4,525,875Net Income 2022: $624,8622022Revenue 2023: $6,141,417Expenses 2023: $6,090,895Net Income 2023: $50,5222023Revenue 2024: $6,165,718Expenses 2024: $5,979,323Net Income 2024: $186,3952024

Highlighted filing

2017

Revenue$3,191,207
Expenses$3,105,214
Net Income$85,993
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$3,191,207
Mission and Program Overview

Mission

The lcld, inc. Is an organization of corporate chief legal officers and law firm managing partners dedicated to creating a legal profession as diverse as the country we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,718,175$1,518,799▼ $199,376
Savings and Temporary Cash Investments$1,063,429$1,065,273▲ $1,844
Intangible Assets-$31,272-
Land, Buildings, and Equipment, Net$20,709$12,103▼ $8,606
Total Assets$2,802,313$2,627,447▼ $174,866
Liabilities
Deferred Revenue$1,003,000$761,500▼ $241,500
Accounts Payable and Accrued Expenses$180,156$160,797▼ $19,359
Total Liabilities$1,183,156$922,297▼ $260,859
Net Assets / Fund Balance
Unrestricted Net Assets$1,494,157$1,680,150▲ $185,993
Temporarily Rstr Net Assets$125,000$25,000▼ $100,000
Total Net Assets Fund Balance$1,619,157$1,705,150▲ $85,993
Total Liabilities and Net Assets / Fund Balance$2,802,313$2,627,447▼ $174,866

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,103$22,265$34,368
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert J Grey JrPresidentFT$438,500$438,500

Board Members and Trustees

NameTitle
Laura SteinChair
Roderick a PalmoreChair Emerit
Alan BravermanBoard Member
Andrew GiacominiBoard Member
Eric J FriedmanBoard Member
Karen RobertsBoard Member
Kim KoopersmithBoard Member
Kim RiveraBoard Member
Louise PentlandBoard Member
Marie HuberBoard Member
Michael J HarringtonBoard Member
Bradford L SmithImmediate Pa
Anastasia D KellySecretary
Michael W BlairTreasurer
Benjamin WilsonVP At-large
Deborah J MajorasVP At-large
Ellen DwyerVP At-large

Highest Paid Contractors

ContractorServicesLocationCompensation
Don Belt CommunicationsManagement951 EAST BYRD STREET, Richmond, VA 23219$438,500
Slay Communications LLCMktg Consultant1704 PARKWOOD AVENUE, Richmond, VA 23227$124,598
-Consultant4231 SEMINARY AVE, Richmond, VA 23227$113,461
-Consultant4000 HERMITAGE RD, Richmond, VA 23227$102,120
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,189,063
Investment Income
$2,144
Other Revenue
$0
Change in Net Assets
$85,993

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,191,207
Revenue Not Reported on Form 990
$205,849
Total Revenue per Audited Statements
$3,397,056
Total Revenue per Form 990
$3,191,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,858,179
Salaries, Compensation, and Employee Benefits$1,247,035
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$1,098,612
Other Salaries and Wages---$735,948
Current Officers, Directors, Trustees, and Key Employees---$400,000
Fees for Services Other---$221,009
All Other Expenses---$83,969
Travel---$58,526
Other Employee Benefits---$57,829
Payroll Taxes---$53,258
Office Expenses---$28,201
Information Technology---$27,631
Other Expenses---$25,824
Fees for Services Accounting---$19,174
Depreciation Depletion---$14,968
Occupancy---$1,833
Total Functional Expenses$0$0$0$3,105,214

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,311,063
Expenses per Audited Statements$3,105,214
Total Expenses per Form 990$3,105,214
Expenses Not Reported on Form 990$205,849
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Hunton Andrews Kurth LlpMemberDonated RentNo$205,849
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI

The board of the leadership council on legal diversity, inc. Is composed of general counsel and managing partners from corporations and law firms whose firms and corporate law departments may engage in billable work together. All board members are required to sign annual conflict of interest policy statements and must disclose any business relationships.

Form 990, Page 6, Part VI, Line 2

See additional information above

Form 990, Page 6, Part VI, Line 3

The organization contracted with robert grey, jr. To provide management services.

Form 990, Page 6, Part VI, Line 6

DUES-PAYING MEMBERS

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

The members have the power to elect the board of directors from candidates recommended by the membership and nominating committee. Members shall also vote on other matters presented to them by the board of directors from time to time at any annual or special meeting or by written ballot.

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

The corporations certificate of incorporation and the bylaws may be amended, altered, or repealed, and new bylaws may be adopted, by an affirmative vote of the directors, provided that any change affecting the duties or rights of the members shall also be approved by a vote of at least 51% of the members entitled to vote thereon, as provided in person or by written ballot, provided that a statement of the proposed amendment shall have been given in the notification to the meeting of the members or set forth on the written ballot.

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

A copy of the form 990 was made available to the board of directors and was carefully reviewed prior to filing.

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

The board of directors has a conflict of interest policy which is set forth in the bylaws. Annual statements are sent to all board of directors for completion.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Leadership Council on
EIN
27-0173338
Phone
8047888044
Address
951 E BYRD ST, RICHMOND, VA 23219

Signing Officer

Name
Robert J Grey Jr
Title
President
Phone
8047878044
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert J Grey Jr
Formed
2009
Legal Domicile
De
Voting Board Members
18
Independent Board Members
17
Employees
12
Volunteers
1,400

Preparer

Firm
Wellscoleman
Address
5004 MONUMENT AVE, RICHMOND, VA 23230
Preparer
Phyllis S Mutchnick
Phone
8043581150
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

In 2017, 147 diverse, high-potential, early career attorneys at lcld member organizations participated in the lcld pathfinder program. The goal of this program is to provide pathfinders with practical tools for developing and leveraging internal professional networks through relationship building skills, foundational leadership skills, and an understanding of career development strategies applicable to both in-house and law firm practice.

Financial Statement Notes

Schedule D, Page 3, Part X

The internal revenue service has determined that the organization is exempt from federal income tax under section 501(c)(6) of the internal revenue code. The organization's federal tax returns from 2014 forward are subject to examination by the internal revenue service, generally for three years after they were filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt15CHAIR
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IRS990/MissionDesc0THE LCLD, INC. IS AN ORGANIZATION OF CORPORATE CHIEF LEGAL OFFICERS AND LAW FIRM MANAGING PARTNERS DEDICATED TO CREATING A LEGAL PROFESSION AS DIVERSE AS THE COUNTRY WE SERVE.
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IRS990/OtherExpensesGrp/Desc0PATHFINDER PROGRAM
IRS990/OtherExpensesGrp/Desc1CORPORATE DIVERSITY DEV.
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IRS990/ProgSrvcAccomActy2Grp/Desc0TO STRENGTHEN THE LEGAL PIPELINE BY EXPANDING OPPORTUNITIES FOR DIVERSE FIRST-YEAR LAW STUDENTS. THIS PROGRAM GIVES STUDENTS THE RARE OPPORTUNITY TO WORK SIDE-BY-SIDE WITH ATTORNEYS AND OTHER LEGAL SPECIALISTS IN OUR ORGANIZATIONS ON LEGAL ISSUES AND WILL PROVIDE EXPERIENCE AND CREATE AN OPPORTUNITY TO DEVELOP STRATEGIC PARTNERSHIPS WITH LAW SCHOOLS THAT SUPPORT OUR INITIATIVES. THE LCLD LAW SCHOOL MENTORING PROGRAM IS A COMPREHENSIVE INITIATIVE FOR FIRST-YEAR LAW STUDENTS FROM DIVERSE BACKGROUNDS BASED ON THE PRINCIPLES OF LEGAL EXCELLENCE AND PERSONAL INVOLVEMENT. MORE THAN 2,100 MENTORS DRAWN FROM LCLD MEMBER ORGANIZATIONS HAVE VOLUNTEERED TO WORK WITH INDIVIDUAL STUDENTS DURING THEIR LAW SCHOOL CAREERS, BUILDING PERSONAL RELATIONSHIPS. 744 MENTORS WERE ENROLLED IN THE PROGRAM FOR THE 2017 YEAR.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE LCLD FELLOWS PROGRAM IS DESIGNED TO INCREASE DIVERSITY AT THE LEADERSHIP LEVELS OF THE NATION'S LAW FIRMS AND CORPORATE LEGAL DEPARTMENTS BY IDENTIFYING HIGH-POTENTIAL ATTORNEYS FROM DIVERSE BACKGROUNDS AND PLACING THEM IN THE PATH OF THOSE WHO CAN TEACH THEM TO LEAD THEIR ORGANIZATIONS. EACH FELLOW EMBARKS ON A LEARNING PROGRAM THAT INCLUDES IN- PERSON CONFERENCES, VIRTUAL TRAINING ON THE FINE POINTS OF LEGAL PRACTICE, PEER-GROUP PROJECTS TO FOSTER COLLABORATION AND BUILD RELATIONSHIPS, AND EXTENSIVE CONTACT WITH LCLD'S TOP LEADERSHIP ALONG WITH MANAGING PARTNERS AND GENERAL COUNSEL WHO VOLUNTEER TO DISCUSS PROFESSIONAL EXPERIENCES AND SETBACKS. 258 FELLOWS PARTICIPATED IN 2017.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0IN 2017, 147 DIVERSE, HIGH-POTENTIAL, EARLY CAREER ATTORNEYS AT LCLD MEMBER ORGANIZATIONS PARTICIPATED IN THE LCLD PATHFINDER PROGRAM. THE GOAL OF THIS PROGRAM IS TO PROVIDE PATHFINDERS WITH PRACTICAL TOOLS FOR DEVELOPING AND LEVERAGING INTERNAL PROFESSIONAL NETWORKS THROUGH RELATIONSHIP BUILDING SKILLS, FOUNDATIONAL LEADERSHIP SKILLS, AND AN UNDERSTANDING OF CAREER DEVELOPMENT STRATEGIES APPLICABLE TO BOTH IN-HOUSE AND LAW FIRM PRACTICE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION'S FEDERAL TAX RETURNS FROM 2014 FORWARD ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT J GREY JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0HUNTON ANDREWS KURTH LLP
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0HUNTON ANDREWS KURTH, LLP DONATES OFFICE SPACE TO THE ORGANIZATION. ROBERT GREY, JR. SERVES AS THE PRESIDENT OF THE ORGANIZATION AND IS A RETIRED PARTNER FROM HUNTON ANDREWS KURTH.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2017, 147 DIVERSE, HIGH-POTENTIAL, EARLY CAREER ATTORNEYS AT LCLD MEMBER ORGANIZATIONS PARTICIPATED IN THE LCLD PATHFINDER PROGRAM. THE GOAL OF THIS PROGRAM IS TO PROVIDE PATHFINDERS WITH PRACTICAL TOOLS FOR DEVELOPING AND LEVERAGING INTERNAL PROFESSIONAL NETWORKS THROUGH RELATIONSHIP BUILDING SKILLS, FOUNDATIONAL LEADERSHIP SKILLS, AND AN UNDERSTANDING OF CAREER DEVELOPMENT STRATEGIES APPLICABLE TO BOTH IN-HOUSE AND LAW FIRM PRACTICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF THE LEADERSHIP COUNCIL ON LEGAL DIVERSITY, INC. IS COMPOSED OF GENERAL COUNSEL AND MANAGING PARTNERS FROM CORPORATIONS AND LAW FIRMS WHOSE FIRMS AND CORPORATE LAW DEPARTMENTS MAY ENGAGE IN BILLABLE WORK TOGETHER. ALL BOARD MEMBERS ARE REQUIRED TO SIGN ANNUAL CONFLICT OF INTEREST POLICY STATEMENTS AND MUST DISCLOSE ANY BUSINESS RELATIONSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEE ADDITIONAL INFORMATION ABOVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONTRACTED WITH ROBERT GREY, JR. TO PROVIDE MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DUES-PAYING MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MEMBERS HAVE THE POWER TO ELECT THE BOARD OF DIRECTORS FROM CANDIDATES RECOMMENDED BY THE MEMBERSHIP AND NOMINATING COMMITTEE. MEMBERS SHALL ALSO VOTE ON OTHER MATTERS PRESENTED TO THEM BY THE BOARD OF DIRECTORS FROM TIME TO TIME AT ANY ANNUAL OR SPECIAL MEETING OR BY WRITTEN BALLOT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CORPORATIONS CERTIFICATE OF INCORPORATION AND THE BYLAWS MAY BE AMENDED, ALTERED, OR REPEALED, AND NEW BYLAWS MAY BE ADOPTED, BY AN AFFIRMATIVE VOTE OF THE DIRECTORS, PROVIDED THAT ANY CHANGE AFFECTING THE DUTIES OR RIGHTS OF THE MEMBERS SHALL ALSO BE APPROVED BY A VOTE OF AT LEAST 51% OF THE MEMBERS ENTITLED TO VOTE THEREON, AS PROVIDED IN PERSON OR BY WRITTEN BALLOT, PROVIDED THAT A STATEMENT OF THE PROPOSED AMENDMENT SHALL HAVE BEEN GIVEN IN THE NOTIFICATION TO THE MEETING OF THE MEMBERS OR SET FORTH ON THE WRITTEN BALLOT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7A COPY OF THE FORM 990 WAS MADE AVAILABLE TO THE BOARD OF DIRECTORS AND WAS CAREFULLY REVIEWED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS HAS A CONFLICT OF INTEREST POLICY WHICH IS SET FORTH IN THE BYLAWS. ANNUAL STATEMENTS ARE SENT TO ALL BOARD OF DIRECTORS FOR COMPLETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
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