Civic Intelligence

American Bar Endowment

990 • Fiscal year 2018 • EIN 36-2384321

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

321 N Clark StreetChicago, IL 60654-7648

(312) 988-6400

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.09x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.88x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

82nd percentile

25%

Higher net margin than 82% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

55th percentile

4.0%

Faster asset growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

62nd percentile

8.7%

Faster revenue growth than 62% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Up

$152,599,343

Up $5,824,386 (+4.0%) from 2017

Net Assets

Up

$139,326,827

Up $7,992,812 (+6.1%) from 2017

Liabilities

Down

$13,272,516

Down $2,168,426 (-14%) from 2017

Revenue

Up

$15,131,062

Up $1,208,979 (+8.7%) from 2017

Expenses

Up

$11,325,069

Up $1,376,149 (+14%) from 2017

Net Income

Down

$3,805,993

Down $167,170 (-4.2%) from 2017

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2011: $117,450,927Liabilities 2011: $18,618,500Net Assets 2011: $98,832,4272011Assets 2012: $115,268,381Liabilities 2012: $17,787,200Net Assets 2012: $97,481,1812012Assets 2013: $124,244,954Liabilities 2013: $17,038,673Net Assets 2013: $107,206,2812013Assets 2014: $140,688,309Liabilities 2014: $17,924,096Net Assets 2014: $122,764,2132014Assets 2015: $140,251,742Liabilities 2015: $16,526,100Net Assets 2015: $123,725,6422015Assets 2016: $134,138,879Liabilities 2016: $15,835,751Net Assets 2016: $118,303,1282016Assets 2017: $146,774,957Liabilities 2017: $15,440,942Net Assets 2017: $131,334,0152017Assets 2018: $152,599,343Liabilities 2018: $13,272,516Net Assets 2018: $139,326,8272018Assets 2019: $157,016,269Liabilities 2019: $22,156,474Net Assets 2019: $134,859,7952019Assets 2020: $158,330,258Liabilities 2020: $24,942,328Net Assets 2020: $133,387,9302020Assets 2021: $194,396,463Liabilities 2021: $24,911,136Net Assets 2021: $169,485,3272021Assets 2022: $178,419,268Liabilities 2022: $25,287,674Net Assets 2022: $153,131,5942022Assets 2023: $190,147,745Liabilities 2023: $25,778,277Net Assets 2023: $164,369,4682023Assets 2024: $207,097,319Liabilities 2024: $17,801,723Net Assets 2024: $189,295,5962024

Highlighted filing

2018

Assets$152,599,343
Liabilities$13,272,516
Net Assets$139,326,827

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $9,693,8082011Expenses 2012: $10,620,6272012Expenses 2013: $9,720,8492013Revenue 2014: $14,863,227Expenses 2014: $10,704,159Net Income 2014: $4,159,0682014Revenue 2015: $14,809,110Expenses 2015: $10,350,789Net Income 2015: $4,458,3212015Revenue 2016: $12,419,690Expenses 2016: $12,885,667Net Income 2016: -$465,9772016Revenue 2017: $13,922,083Expenses 2017: $9,948,920Net Income 2017: $3,973,1632017Revenue 2018: $15,131,062Expenses 2018: $11,325,069Net Income 2018: $3,805,9932018Revenue 2019: $11,954,428Expenses 2019: $11,285,594Net Income 2019: $668,8342019Revenue 2020: $14,075,146Expenses 2020: $11,603,095Net Income 2020: $2,472,0512020Revenue 2021: $19,205,058Expenses 2021: $10,933,181Net Income 2021: $8,271,8772021Revenue 2022: $17,335,082Expenses 2022: $12,412,427Net Income 2022: $4,922,6552022Revenue 2023: $24,271,588Expenses 2023: $11,495,333Net Income 2023: $12,776,2552023Revenue 2024: $16,632,847Expenses 2024: $12,381,629Net Income 2024: $4,251,2182024

Highlighted filing

2018

Revenue$15,131,062
Expenses$11,325,069
Net Income$3,805,993
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$27,800,430
Mission and Program Overview

Mission

To make distributions to 501(c)(3) organizations including, in pact, to advance legal study and research and to promote the administration of justice and uniformity of judicial decision throughout the u.s.

The corporation's purposes are to advance legal study and research to promote the administration of justice and uniformity of judicial decision throughout the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$138,790,773$146,015,230▲ $7,224,457
Savings and Temporary Cash Investments$6,313,350$5,799,373▼ $513,977
Investments Program Related$377,812$314,250▼ $63,562
Accounts Receivable$141,318$144,591▲ $3,273
Land, Buildings, and Equipment, Net$55,170$49,772▼ $5,398
Prepaid Expenses and Deferred Charges$43,717$32,499▼ $11,218
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$146,774,957$152,599,343▲ $5,824,386
Other Assets Total$1,052,817$243,628▼ $809,189
Liabilities
Accounts Payable and Accrued Expenses$13,200,505$10,695,013▼ $2,505,492
Other Liabilities$2,240,437$2,577,503▲ $337,066
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$15,440,942$13,272,516▼ $2,168,426
Net Assets / Fund Balance
Unrestricted Net Assets$129,983,668$135,845,407▲ $5,861,739
Permanently Rstr Net Assets$1,350,347$3,481,420▲ $2,131,073
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$131,334,015$139,326,827▲ $7,992,812
Total Liabilities and Net Assets / Fund Balance$146,774,957$152,599,343▲ $5,824,386

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$49,772$482,221$531,993
Land$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$120,783,926$2,017,296▲ $6,886,955-$129,688,177
2016$110,066,051$5,542▲ $10,712,333-$120,783,926
2015$113,229,733$10,636▼ $3,174,318-$110,066,051
2014$111,485,310$5,212▲ $1,739,211-$113,229,733
2013$96,832,182$4,562▲ $14,648,566-$111,485,310
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joanne MartinExecutive DirectorFT$251,929$37,504$289,433

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Sass AdvisorsConsulting Services12 West Parkway Place, Holmdel, NJ 07733$159,600
Ernst YoungAuditing & Tax Svcs200 Plaza Drive, Secaucus, NJ 07094$106,261
Revenue and Support

Revenue Composition

Contributions and Grants
$8,435,636
Program Service Revenue
$0
Investment Income
$6,484,032
Other Revenue
$211,394
All Other Contributions
$8,435,636
Change in Net Assets
$3,805,993

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$97,735Cost / Selling Price
Total Noncash Contributions5$97,735-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,265,538
Other Expenses$2,316,297
Salaries, Compensation, and Employee Benefits$1,743,234
Total Fundraising Expense$49,343
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,265,538--$7,265,538
Advertising$854,505$0$14,271$868,776
Other Salaries and Wages$445,329$351,323$15,540$812,192
Pension Plan Contributions$0$391,912$0$391,912
Occupancy$173,472$136,853$0$310,325
Current Officers, Directors, Trustees, and Key Employees$153,742$121,289$0$275,031
Other Employee Benefits$106,039$83,655$3,010$192,704
Fees for Services Other$0$163,434$0$163,434
Conferences and Meetings$0$159,968$0$159,968
Office Expenses$109,460$40,146$10,282$159,888
Fees for Services Accounting$0$106,261$0$106,261
Fees for Services Management$0$85,000$0$85,000
Payroll Taxes$39,198$30,923$1,274$71,395
Fees for Services Legal$0$55,597$0$55,597
Information Technology$46,440$9,026$0$55,466
Insurance$0$37,004$0$37,004
Depreciation Depletion$16,973$13,390$0$30,363
Fees for Service Investment Mgmnt Fees$0$27,268$0$27,268
Travel$0$10,122$0$10,122
All Other Expenses$2,389$4,908-$7,297
Other Expenses$0$0$4,966$4,966
Total Functional Expenses$9,404,037$1,871,689$49,343$11,325,069
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Aba Fund for Justice & EducationChicago, IL501(c)(3)General Support$3,416,220
American Bar FoundationChicago, IL501(c)(3)General Support$3,414,970
Alaska State Association for GuardianshipAnchorage, AK501(c)(3)Project Specific$35,000
Minnesota Org on Fetal Alchohol SyndromeSt Paul, MN501(c)(3)Project Specific$34,450
Innocence Project New OrleansNew Orleans, LA501(c)(3)Project Specific$31,713
Asian Services in ActionAkron, OH501(c)(3)Project Specific$30,000
Community Activism Law AllianceChicago, IL501(c)(3)Project Specific$25,000
Tennesseans for Alternatives to the Death PenNashville, TN501(c)(3)Project Specific$24,250
Center for Access to JusticeAtlanta, GA501(c)(3)Project Specific$24,000
Colorado Legal ServicesDenver, CO501(c)(3)Project Specific$20,241
Aba Fund for Justice & EducationChicago, IL501(c)(3)Project Specific$20,000
Arizona Bar FoundationPhoenix, AZ501(c)(3)Project Specific$20,000
Tennessee Coalition to End Domestic & SexualNashville, TN501(c)(3)Project Specific$20,000
U of South Dakota Law School FoundationVermillion, SD501(c)(3)Law School$15,250
Cystic Fibrosis Foundation - Md ChapterCockeysville, MD501(c)(3)Project Specific$15,000
Mississippi Volunteer Lawyers ProjectJackson, MS501(c)(3)Project Specific$12,000
Showcase Animal Rescue FoundationAdelanto, CA501(c)(3)Unrestricted$12,000
Mount Vernon Ladies AssociationMount Vernon, VA501(c)(3)Annual Grant$10,000
Tulsa Ballet Theater IncTulsa, OK501(c)(3)For the Endowment$10,000
Bais Hamedrash of FlatbushBrooklyn, NY501(c)(3)Unrestricted$6,000
Church of the RedeemerGreensboro, NC501(c)(3)Unspecified$5,750
Special Children CenterLakewood, NJ501(c)(3)Unspecified$5,600
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Allowance for refunds of Dividends$1,858,777
Pension Liability$718,726
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4

Significant changes to the American Bar Endowment Bylaws include: 1)Changes in the number of Directors, composition of the Board of Directors, and length of their terms. 2)Amendment of what constitutes a quorum of the Board of Directors and how vacancies are to be filled. 3)Revision of the composition of the Nominating Committee of the Board of Directors and related rules as to how those members are chosen. 4)Changes in the notice provisions for the Annual Meeting of Members, special meetings, and the intention to amend the by-laws. FORM 990, PART VI, LINE 6 THE MEMBERS OF THE ABE ARE THE PERSONS WHO CONSTITUTE THE MEMBERS IN GOOD STANDING OF THE AMERICAN BAR ASSOCIATION.

Form 990, Part VI, Line 7A

Annually, two of the elected members of the abe board are elected by the members of the abe to hold office for a term of five years. Two other members of the board are appointed annually by the aba's board of governors for a term of one year.

Form 990, Part VI, Line 7B

Amendments to the bylaws of the abe must be approved by a majority vote of the members of the abe present at any annual meeting of the members.

Form 990, Part VI, Line 11B

The form 990 is sent to all the members of the board of directors for review.

Form 990, Part VI, Line 12C

All abe board members must annually complete a conflicts of interest questionnaire. All completed questionnaires are reviewed by the full board of directors. Should a potential conflict arise, the board reviews the individual instance for materiality and the need for, or nature of cure. Prior to election to the board, conflicts checks are conducted by the law firms of the potential board members. (all members of the board are lawyers.)

Form 990, Part VI, Line 19

Abe's annual report, including financials, is posted on its website (www.abendowment.org) and is published in the november issue of the aba journal. The 990's are available on guidestar and are on file with the various states where the organization is registered. Other corporate documents, such as bylaws and conflicts policy are available upon request.

Filing and Contact Details

Filer

Filer Name
American Bar Endowment
EIN
36-2384321
In Care Of
% Gary Karlowicz
Phone
3129886400
Address
321 N Clark Street, Chicago, IL 60654-7648

Signing Officer

Name
Joanne Martin
Title
Executive Director
Phone
3129886410
Signed
2018-11-12

Organization Details

Principal Officer
Joanne Martin
Formed
1942
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
18
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
111 MONUMENT CIRCLE STE 4000, INDIANAPOLIS, IN 46204
Preparer
Benjamin Pitchkites
Phone
3176817000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Equity In Income of American Lawyers Insurance Plans, Inc.

Financial Statement Notes

Schedule D, Part V, Line 4

This corporation is organized exclusively for charitable, educational, literary, religious and scientific purposes including, for such purposes, the making of distributions from the endowment funds to organizations that qualify as exempt organizations under section 501(c)(3). Within the foregoing, the corporation's purposes in part are to advance legal study and research and to promote the administration of justice and uniformity of judicial decision throughout the united states.

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IRS990/Form990PartVIISectionAGrp/PersonNm5J Anthony Patterson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm6Stephen N Zack
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IRS990/Form990PartVIISectionAGrp/TitleTxt5President
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$207$17.8$189$16.6$12.4$4.25
2023Detailed filing. Detailed filing data is available for this year.$190$25.8$164$24.3$11.5$12.8
2022Detailed filing. Detailed filing data is available for this year.$178$25.3$153$17.3$12.4$4.92
2021Detailed filing. Detailed filing data is available for this year.$194$24.9$169$19.2$10.9$8.27
2020Detailed filing. Detailed filing data is available for this year.$158$24.9$133$14.1$11.6$2.47
2019Detailed filing. Detailed filing data is available for this year.$157$22.2$135$12.0$11.3$0.67
2018Detailed filing. Detailed filing data is available for this year.$153$13.3$139$15.1$11.3$3.81
2017Detailed filing. Detailed filing data is available for this year.$147$15.4$131$13.9$9.95$3.97
2016Detailed filing. Detailed filing data is available for this year.$134$15.8$118$12.4$12.9$0.47
2015Detailed filing. Detailed filing data is available for this year.$140$16.5$124$14.8$10.4$4.46
2014Detailed filing. Detailed filing data is available for this year.$141$17.9$123$14.9$10.7$4.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$124$17.0$107$9.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$17.8$97.5$10.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$18.6$98.8$9.69