Civic Intelligence

American Bar Foundation

990 • Fiscal year 2018 • EIN 36-6110271

Sep 01, 2017 to Aug 31, 2018 • Filed on Jun 20, 2019

750 N Lake Shore Drive No 4th FLChicago, IL 60611

(312) 988-6500

Siviq Scores

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

Liabilities / Assets

30th percentile

0.09x

Higher debt load relative to assets than 30% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

49th percentile

0.28x

Higher debt load relative to revenue than 49% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

72nd percentile

14%

Higher net margin than 72% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

53rd percentile

$261,027

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

63rd percentile

5.8%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

58th percentile

7.5%

Faster revenue growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$27,511,560

Up $1,500,813 (+5.8%) from 2017

Net Assets

Up

$25,017,231

Up $1,285,231 (+5.4%) from 2017

Liabilities

Up

$2,494,329

Up $215,582 (+9.5%) from 2017

Revenue

Up

$8,850,670

Up $615,932 (+7.5%) from 2017

Expenses

Up

$7,569,846

Up $770,533 (+11%) from 2017

Net Income

Down

$1,280,824

Down $154,601 (-11%) from 2017

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $18,658,807Liabilities 2010: $2,092,982Net Assets 2010: $16,565,8252010Assets 2011: $20,348,828Liabilities 2011: $1,720,882Net Assets 2011: $18,627,9462011Assets 2012: $20,959,433Liabilities 2012: $2,205,709Net Assets 2012: $18,753,7242012Assets 2013: $22,756,615Liabilities 2013: $2,191,049Net Assets 2013: $20,565,5662013Assets 2014: $24,847,398Liabilities 2014: $1,858,095Net Assets 2014: $22,989,3032014Assets 2015: $22,992,973Liabilities 2015: $2,025,219Net Assets 2015: $20,967,7542015Assets 2016: $24,278,898Liabilities 2016: $2,596,289Net Assets 2016: $21,682,6092016Assets 2017: $26,010,747Liabilities 2017: $2,278,747Net Assets 2017: $23,732,0002017Assets 2018: $27,511,560Liabilities 2018: $2,494,329Net Assets 2018: $25,017,2312018Assets 2019: $31,363,675Liabilities 2019: $3,554,541Net Assets 2019: $27,809,1342019Assets 2020: $33,961,410Liabilities 2020: $3,515,152Net Assets 2020: $30,446,2582020Assets 2021: $37,925,650Liabilities 2021: $1,724,647Net Assets 2021: $36,201,0032021Assets 2022: $34,564,445Liabilities 2022: $1,050,366Net Assets 2022: $33,514,0792022Assets 2023: $39,551,778Liabilities 2023: $4,910,271Net Assets 2023: $34,641,5072023Assets 2024: $42,157,416Liabilities 2024: $4,499,705Net Assets 2024: $37,657,7112024

Highlighted filing

2018

Assets$27,511,560
Liabilities$2,494,329
Net Assets$25,017,231

Operations Trend

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

$15M$10M$5.0M$0Expenses 2010: $6,179,9092010Expenses 2011: $6,084,5272011Expenses 2012: $7,019,6222012Expenses 2013: $6,731,3492013Revenue 2014: $6,844,180Expenses 2014: $6,376,443Net Income 2014: $467,7372014Revenue 2015: $6,502,338Expenses 2015: $6,232,383Net Income 2015: $269,9552015Revenue 2016: $6,712,127Expenses 2016: $6,620,334Net Income 2016: $91,7932016Revenue 2017: $8,234,738Expenses 2017: $6,799,313Net Income 2017: $1,435,4252017Revenue 2018: $8,850,670Expenses 2018: $7,569,846Net Income 2018: $1,280,8242018Revenue 2019: $11,200,967Expenses 2019: $7,579,460Net Income 2019: $3,621,5072019Revenue 2020: $9,858,156Expenses 2020: $6,919,429Net Income 2020: $2,938,7272020Revenue 2021: $9,357,330Expenses 2021: $7,419,588Net Income 2021: $1,937,7422021Revenue 2022: $8,543,107Expenses 2022: $7,911,819Net Income 2022: $631,2882022Revenue 2023: $8,804,741Expenses 2023: $8,109,798Net Income 2023: $694,9432023Revenue 2024: $9,200,711Expenses 2024: $8,435,191Net Income 2024: $765,5202024

Highlighted filing

2018

Revenue$8,850,670
Expenses$7,569,846
Net Income$1,280,824
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jun 20, 2019
Return Version
2017v2.3
Gross Receipts
$9,270,189
Mission and Program Overview

Mission

The american bar foundation (abf) seeks to expand knowledge and advance justice through innovative, interdisciplinary, and rigorous empirical research on law, legal processes, and legal institutions. To further this mission the abf produces timely, cutting-edge research of the highest quality to inform and guide the legal profession, the academy, and society in the united states and internationally.

To expand knowledge and advance justice through innovative, interdisciplinary, and rigorous empirical research on the law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$24,229,861$25,459,715▲ $1,229,854
Cash and Non-Interest-Bearing Accounts$910,680$1,267,400▲ $356,720
Pledges and Grants Receivable$748,963$673,486▼ $75,477
Prepaid Expenses and Deferred Charges$23,879$55,530▲ $31,651
Land, Buildings, and Equipment, Net$83,864$39,929▼ $43,935
Total Assets$26,010,747$27,511,560▲ $1,500,813
Other Assets Total$13,500$15,500▲ $2,000
Liabilities
Other Liabilities$1,812,119$1,600,663▼ $211,456
Mortgage Notes Payable Secured by Investment Property-$500,000-
Accounts Payable and Accrued Expenses$323,964$261,072▼ $62,892
Deferred Revenue$142,664$132,594▼ $10,070
Total Liabilities$2,278,747$2,494,329▲ $215,582
Net Assets / Fund Balance
Unrestricted Net Assets$15,611,051$16,723,623▲ $1,112,572
Temporarily Rstr Net Assets$4,201,320$4,352,729▲ $151,409
Permanently Rstr Net Assets$3,919,629$3,940,879▲ $21,250
Total Net Assets Fund Balance$23,732,000$25,017,231▲ $1,285,231
Total Liabilities and Net Assets / Fund Balance$26,010,747$27,511,560▲ $1,500,813

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$30,888$905,019$935,907
Equipment$7,565$860,230$867,795
Other Land Buildings$1,476$344,052$345,528

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$23,793,339$21,750▲ $1,775,202$785,000$24,805,291
2016$22,596,358$18,925▲ $2,456,843$1,278,787$23,793,339
2015$22,243,413$22,650▲ $1,649,544$1,253,726$22,596,358
2014$24,276,132$37,335▼ $515,234$-1,491,344$22,243,413
2013$22,114,085$96,455▲ $3,336,023$1,218,933$24,276,132
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ajay K MehrotraDirectorFT$209,615$51,412$261,027
Shari DiamondResearcherPT$193,869$37,846$231,715
Terence HallidayResearcherFT$169,244$35,691$204,935
Elizabeth MertzResearcherFT$157,170$27,545$184,715
John HaganResearcherPT$134,051$32,168$166,219
Susan ShapiroResearcherFT$142,130$20,315$162,445
Hilarie BassEx-officio--$100,000$100,000
Robert M CarlsonEx-officio--$2,034$2,034
Revenue and Support

Revenue Composition

Contributions and Grants
$6,570,154
Program Service Revenue
$179,655
Investment Income
$2,100,861
Other Revenue
$0
All Other Contributions
$4,389,960
Change in Net Assets
$1,280,824

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,749,810
Revenue Not Reported on Financial Statements
$2,100,860
Revenue Not Reported on Form 990
$518,690
Other Revenue Adjustments
$2,100,860
Total Revenue per Audited Statements
$7,268,500
Total Revenue per Form 990
$8,850,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,448,378
Other Expenses$2,722,728
Grants and Similar Amounts Paid$398,740
Total Fundraising Expense$326,820
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,411,291$633,998$145,690$3,190,979
Fees for Services Other$381,491$297,484$7,471$686,446
Occupancy$14,200$650,923-$665,123
Pension Plan Contributions$194,044$246,299$15,296$455,639
Conferences and Meetings$253,648$101,474$7,819$362,941
Other Employee Benefits$223,520$59,448$11,464$294,432
Current Officers, Directors, Trustees, and Key Employees$45,738$212,303-$258,041
Payroll Taxes$182,881$54,145$12,261$249,287
Grants to Domestic Individuals$232,101--$232,101
Office Expenses$70,295$48,050$64,366$182,711
All Other Expenses$937,085$-807,200$47,764$177,649
Travel$144,436$19,536$914$164,886
Information Technology$25,740$106,776$12,016$144,532
Grants to Domestic Orgs$136,639--$136,639
Fees for Service Investment Mgmnt Fees-$67,148-$67,148
Depreciation Depletion-$43,935-$43,935
Fees for Services Accounting-$35,925-$35,925
Foreign Grants$30,000--$30,000
Insurance-$25,455-$25,455
Advertising$7,605$5,181$1,759$14,545
Fees for Services Legal-$9,781-$9,781
Payments to Affiliates-$6,015-$6,015
Interest$1,984--$1,984
Other Expenses$54,303$972-$972
Total Functional Expenses$5,417,001$1,826,025$326,820$7,569,846

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,569,846
Expenses per Audited Statements$7,527,698
Total Expenses per Audited Statements$7,527,698
Expenses Not Reported on Financial Statements$42,148
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of North CarolinaChapel Hill, NCGOV'TResearch$112,699
Texas A&m UniversityCollege Station, TXGOV'TResearch$23,940

International Summary

Offices
0
Employees
0
Spending
$191,942

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram ServicesConferences/meetings00$110,380
Middle East and North AfricaProgram ServicesGrant/stipend00$37,473
EuropeProgram ServicesConferences/meetings00$12,819
EuropeProgram ServicesResearch00$11,816
North AmericaProgram ServicesResearch00$10,695
East Asia/pacificProgram ServicesResearch00$7,701
Central AmericaProgram ServicesResearch00$1,058
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$1,359,783
Deferred Rent$154,459
Due to Affiliates$86,421
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The members of the corporation are the persons who from time to time are members of the board of governors of the american bar association. An annual meeting of the members is held in each year for the purpose of electing directors and for the transaction of such other business as may come before the meeting.

Form 990, Part VI, Section A, Line 7A

An annual meeting of the members is held in each year for the purpose of electing directors and for the transaction of such other business as may come before the meeting.

Form 990, Part VI, Section B, Line 11B

The board retains the services of an independent cpa firm to prepare the organization's form 990. Management reviews the completed form 990 and provides a full copy to all voting members of the governing body prior to filing. The chair of the finance committee and the treasurer of the governing body review the form 990 before filing. Their review includes a conference call discussion about the details of the form 990 with members of management and, as needed, the cpa firm that prepares the returns.

Form 990, Part VI, Section B, Line 12C

Officers, directors and key employees are annually required to complete a conflict of interest disclosure statement. Potential conflicts are logged with and monitored by the director of operations.

Form 990, Part VI, Section B, Line 15A

A committee of the board of directors convenes to assist the board in determining the compensation of the foundation's director. The committee, consisting entirely of independent directors, considers the performance of the director and compensation for directors of similar organizations. This process is documented.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available through applicable governmental agencies; the conflict of interest policy is available upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
American Bar Foundation
EIN
36-6110271
Phone
3129886500
Address
750 N LAKE SHORE DRIVE NO 4TH FL, CHICAGO, IL 60611

Signing Officer

Name
Ajay K Mehrotra
Title
Director
Phone
3129886500
Signed
2019-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ajay K Mehrotra
Formed
1952
Legal Domicile
Il
Voting Board Members
25
Independent Board Members
24
Employees
77
Volunteers
89

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
Lu Ann Trapp
Phone
3122071040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in postretirement benefits 287,917.

Financial Statement Notes

PART V, LINE 4:

The foundation's endowments consist of individual funds established for a variety of purposes. These funds include the following: the liz and peter moser research fund in legal ethics, professional responsibility, and access to legal services. Established through a generous gift from liz and peter moser, and in recognition of their lifetime of dedication to legal ethics and professionalism, this fund supports the american bar foundation's fundamental empirical research in the fields of legal ethics, professional responsibility and access to legal services. Wm. Reece smith, jr. Research fund. Support for the wm. Reece smith, jr. Research fund recognizes the enormous contributions reece smith has made to the practice of law and legal scholarship, particularly in the fields of professional ethics, pro bono legal services, and international efforts to secure human rights and the rule of law. The fund will advance the foundation's notable research in these vital areas. Kenneth f. And harle g. Montgomery summer fellowship program for minority undergraduate students this fund was established in 1999 with a gift from the kenneth f. And harle g. Montgomery foundation. The fund supports the abf's summer internship for minority undergraduate students. Solon e. Summerfield foundation fund this fund was established with yearly gifts from the solon e. Summerfield foundation to establish a capital fund for the support of the abf's summer internship for minority undergraduate students. Summer research diversity fellowship program fund supports the abf's summer research diversity fellowship for undergraduate students. Samuel pool weaver fund this fund was established with a gift from samuel weaver in 1974. It originally funded an essay program. In 1986, the abf terminated the essay contest and designated the funds to "..recognize, encourage and support superior scholarship in the field of constitutional law.." maccrate research chair in the legal profession this fund was established through a gift from robert and connie maccrate. The fund is used solely to support the salary and research expenses of the abf professor designated by the director of the abf with the advice of the board of directors to hold the maccrate research chair in the legal profession. Contributors' memorial fund i this fund is the primary fund for all unrestricted, undesignated contributions to the foundation. Contributors' memorial fund ii this fund is comprised of proceeds from the sale of donated assets in the form of real estate donated to the foundation in 1985. Sustain the vision. This fund is comprised of contributions from a 1999 capital campaign to further the mission of the organization. Maynard toll this fund was created in 1981 with contributions from a law firm in recognition of the firm's colleague, maynard toll. William h. Neukom fellows research chair in diversity and law this fund was established in 2011 and supports research in diversity and law. The fund is to be used solely for the research expenses and salary of the scholar designated by the director of the abf with the advice of the board of directors. Robert o. Hetlage scholarship fund this fund was created in 2007 in honor of robert hetlage and contributions to this fund support the foundation's doctoral fellowship program.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Endowment spending allowance 518,690.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Realized gains on investments 1,393,647. Income on long term investment 707,213.

Raw XML AppendixShowing 400 of 1,005 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/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt17EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt18EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt19EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt20EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt21EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt22EX-OFFICIO
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IRS990/Form990PartVIISectionAGrp/TitleTxt27RESEARCHER
IRS990/Form990PartVIISectionAGrp/TitleTxt28RESEARCHER
IRS990/Form990PartVIISectionAGrp/TitleTxt29RESEARCHER
IRS990/Form990PartVIISectionAGrp/TitleTxt30RESEARCHER
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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.$42.2$4.50$37.7$9.20$8.44$0.77
2023Detailed filing. Detailed filing data is available for this year.$39.6$4.91$34.6$8.80$8.11$0.69
2022Detailed filing. Detailed filing data is available for this year.$34.6$1.05$33.5$8.54$7.91$0.63
2021Detailed filing. Detailed filing data is available for this year.$37.9$1.72$36.2$9.36$7.42$1.94
2020Detailed filing. Detailed filing data is available for this year.$34.0$3.52$30.4$9.86$6.92$2.94
2019Detailed filing. Detailed filing data is available for this year.$31.4$3.55$27.8$11.2$7.58$3.62
2018Detailed filing. Detailed filing data is available for this year.$27.5$2.49$25.0$8.85$7.57$1.28
2017Detailed filing. Detailed filing data is available for this year.$26.0$2.28$23.7$8.23$6.80$1.44
2016Detailed filing. Detailed filing data is available for this year.$24.3$2.60$21.7$6.71$6.62$0.09
2015Detailed filing. Detailed filing data is available for this year.$23.0$2.03$21.0$6.50$6.23$0.27
2014Detailed filing. Detailed filing data is available for this year.$24.8$1.86$23.0$6.84$6.38$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.8$2.19$20.6$6.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$2.21$18.8$7.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$1.72$18.6$6.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$2.09$16.6$6.18