Civic Intelligence

Law Firm Antiracism Alliance Inc

EIN 85-3655248 • 501(c)3 • Chicago, IL

Profile

To amplify the voices of communities and individuals impacted by racism, to better use the law as a vehicle for change that benefits communities of color, and to promote racial equity in the law.

155 N Wacker DriveChicago, IL 60606

www.lawfirmantiracismalliance.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.01x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.04x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

14th percentile

-23%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

26th percentile

-6.3%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

7.5%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$977,785

Down $65,325 (-6.3%) from 2023

Liabilities

Up

$11,870

Up $6,840 (+136%) from 2023

Net Assets

Down

$965,915

Down $72,165 (-7.0%) from 2023

Revenue

Up

$311,079

Up $21,676 (+7.5%) from 2023

Expenses

Up

$383,244

Up $154,763 (+68%) from 2023

Net Income

Down

-$72,165

Down $133,087 (-218%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2021: $49,370Liabilities 2021: $0Net Assets 2021: $49,3702021Assets 2022: $254,146Liabilities 2022: $3,700Net Assets 2022: $250,4462022Assets 2023: $1,043,110Liabilities 2023: $5,030Net Assets 2023: $1,038,0802023Assets 2024: $977,785Liabilities 2024: $11,870Net Assets 2024: $965,9152024

Highlighted filing

2024

Assets$977,785
Liabilities$11,870
Net Assets$965,915

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2021: $64,077Expenses 2021: $14,707Net Income 2021: $49,3702021Revenue 2022: $266,324Expenses 2022: $68,257Net Income 2022: $198,0672022Revenue 2023: $289,403Expenses 2023: $228,481Net Income 2023: $60,9222023Revenue 2024: $311,079Expenses 2024: $383,244Net Income 2024: -$72,1652024

Highlighted filing

2024

Revenue$311,079
Expenses$383,244
Net Income-$72,165

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 15, 2025
Return Version
2023v6.0
Gross Receipts
$311,079
Mission and Program Overview

Mission

To amplify the voices of communities and individuals impacted by racism, to better use the law as a vehicle for change that benefits communities of color, and to promote racial equity in the law.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$439,921$505,448▲ $65,527
Land, Buildings, and Equipment, Net$580,148$433,584▼ $146,564
Accounts Receivable$18,000$32,300▲ $14,300
Prepaid Expenses and Deferred Charges$5,041$6,453▲ $1,412
Total Assets$1,043,110$977,785▼ $65,325
Liabilities
Accounts Payable and Accrued Expenses$5,030$11,870▲ $6,840
Total Liabilities$5,030$11,870▲ $6,840
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,038,080$965,915▼ $72,165
Total Net Assets Fund Balance$1,038,080$965,915▼ $72,165
Total Liabilities and Net Assets / Fund Balance$1,043,110$977,785▼ $65,325

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$433,584$299,235$732,819
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$311,079
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$311,079
Change in Net Assets
$-72,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$265,880
Salaries, Compensation, and Employee Benefits$117,364
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$112,854$33,710-$146,564
Other Salaries and Wages$82,529$24,652-$107,181
Fees for Services Other$49,100$1,150-$50,250
Fees for Services Accounting-$29,751-$29,751
Insurance$10,177$3,040-$13,217
Travel$8,276$2,472-$10,748
Payroll Taxes$6,414$1,916-$8,330
Information Technology$3,292$983-$4,275
Other Employee Benefits$1,427$426-$1,853
Office Expenses-$1,029-$1,029
Other Expenses$760$227-$987
All Other Expenses$500$269-$769
Total Functional Expenses$282,747$100,497$0$383,244
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

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

The form 990 was prepared by the outside accountants and reviewed by the co-presidents and board members. A copy of the 990 was provided to the entire board prior to filing with the irs.

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

Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received, read, understands and will comply with the conflict of interest policy. If a conflict arises, the chairperson of the governing board or committee, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee determines whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee, by a majority vote of the disinterested members, determines whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination the governing board or committee makes its decision as to whether to enter into the transaction or arrangement.

Form 990, Part VI, Section B, Line 15

The day-to-day affairs are run by a non-compensated board. The organization hired its first employee in may 2023, and, prior to that, in april 2023, the co-presidents of the organization made a review of salary levels for similar positions at other nonprofits and determined upon a compensation amount through that process. Each year, the co-presidents engage in a review process with the employee. The most recent review took place in february 2025.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Law Firm Antiracism Alliance Inc
EIN
85-3655248
Phone
2026265565
Address
155 N WACKER DRIVE, CHICAGO, IL 60606

Signing Officer

Name
Kathleen Wach
Title
Treasurer
Phone
2026265565
Signed
2025-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Wach
Formed
2020
Legal Domicile
De
Voting Board Members
22
Independent Board Members
22
Employees
1
Volunteers
63

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Richard J Locastro CPA
Phone
3019519090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Speaker fees: program service expenses 45,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,000. Operational & consulting: program service expenses 250. Management and general expenses 0. Fundraising expenses 0. Total expenses 250. Other professional fees: program service expenses 3,850. Management and general expenses 1,150. Fundraising expenses 0. Total expenses 5,000.

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IRS990/ActivityOrMissionDesc0SEE PART III, LINE 1.
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IRS990/Desc0FROM ITS FIRST DAYS IN THE SUMMER OF 2020, THE LFAA RECOGNIZED THE NECESSITY OF ESTABLISHING STRONG CONNECTIONS WITH LEGAL SERVICES PROVIDERS IN EACH REGION OF THE NATION. THESE ORGANIZATIONS HAVE BEEN WORKING IN POVERTY LAW AND CIVIL RIGHTS, WITH VARYING DEGREES OF EXPLICIT FOCUS ON THE RACIAL JUSTICE ASPECT OF THEIR WORK. OVER 6 MONTHS, WE CONVENED NUMEROUS REGIONAL MEETINGS WITH LEGAL SERVICES PROVIDERS TO INTRODUCE THE LFAA, EXPLAIN OUR MISSION, AND SEEK INPUT FROM THE NGOS ABOUT THEIR OWN ANTIRACIAL EFFORTS AND THEIR THOUGHTS ABOUT THE WORK TO BE DONE. AS AN ONGOING PROGRAM, LFAA OFFERS PERIODIC SUMMITS TO BRING TOGETHER OUR ALLIANCE FIRMS FOR STRATEGIC DISCUSSIONS MODERATED BY EXPERTS ABOUT ANTIRACISM PRINCIPLES AND CRITICAL ISSUES RELATED TO SYSTEMIC RACISM AND RACIAL EQUITY. SUMMITS PROVIDE ALLIANCE FIRMS WITH OPPORTUNITIES TO LEARN FROM LEGAL SERVICES ORGANIZATIONS, COMMUNITY-BASED NONPROFITS, POLICYMAKERS, GOVERNMENT OFFICIALS, PEOPLE WITH LIVED EXPERIENCE, AND OTHER STAKEHOLDERS.LFAA'S INAUGURAL SUMMIT WAS HOSTED IN JULY 2020, AND SUBSEQUENT SUMMITS HAVE BEEN HELD IN OCTOBER 2020, AND IN DECEMBER OF 2021, 2022, 2023 AND 2024. EACH OF THESE SUMMITS (WHICH ARE TWO DAYS IN LENGTH) HAVE FEATURED SPEAKERS AND PANEL DISCUSSION EXPLORING TOPICS OF RACISM AND LEGAL REMEDIES. OUR 19 SUBJECT-MATTER WORKING GROUPS, WHOSE FOCUS COVERS AREAS SUCH AS POLICING, EDUCATION, AND HOUSING, HAVE MET REGULARLY AND GENERATED DOZENS OF DISCRETE LEGAL PROJECTS POSTED ON OUR LFAA BULLETIN BOARD AND TAKEN ON PRO BONO BY OUR 300+ ALLIANCE FIRMS. ADDITIONALLY, THE WORKING GROUPS HELD EVENTS FOCUSED ON SYSTEMIC ISSUES WITHIN THEIR RESPECTIVE SUBJECT MATTERS. THE LFAA HAS CONTINUED TO GROW ITS LIBRARY, WHICH SERVES AS THE ORGANIZATION'S RESEARCH AND REPORT REPOSITORY. IT IS A SEARCHABLE DATABASE THAT HOUSES LEGAL RESEARCH AND FACT-BASED DATA AND ANALYSIS RESULTING FROM WORKING GROUPS ANDS PRO BONO OPPORTUNITIES. MOST OF THE WORK PRODUCT HAS BEEN DRIVEN BY LEGAL SERVICES AND PUBLIC INTEREST ORGANIZATIONS. THE LIBRARY IS CONTINOUSLY UPDATED WITH NEW MATERIALS. WHILE THE ABOVE SHOWCASES THE ADVANCES MADE BY THE LFAA, THERE ARE MORE INITIATIVES BEING UNDERTAKEN TO CONTINUE THE ORGANZATION'S GROWTH AND REACH.
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IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0311079
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0983
IRS990/InformationTechnologyGrp/ProgramServicesAmt03292
IRS990/InformationTechnologyGrp/TotalAmt04275
IRS990/InsuranceGrp/ManagementAndGeneralAmt03040
IRS990/InsuranceGrp/ProgramServicesAmt010177
IRS990/InsuranceGrp/TotalAmt013217
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0299235
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0580148
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0433584
IRS990/LandBldgEquipCostOrOtherBssAmt0732819
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO AMPLIFY THE VOICES OF COMMUNITIES AND INDIVIDUALS IMPACTED BY RACISM, TO BETTER USE THE LAW AS A VEHICLE FOR CHANGE THAT BENEFITS COMMUNITIES OF COLOR, AND TO PROMOTE RACIAL EQUITY IN THE LAW.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01038080
IRS990/NetAssetsOrFundBalancesEOYAmt0965915
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01038080
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0965915
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01029
IRS990/OfficeExpensesGrp/TotalAmt01029
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0426
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01427
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01853
IRS990/OtherExpensesGrp/Desc0HONORARIA EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2REGISTRATION FEES
IRS990/OtherExpensesGrp/Desc3PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0568
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1304
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2227
IRS990/OtherExpensesGrp/ProgramServicesAmt04500
IRS990/OtherExpensesGrp/ProgramServicesAmt11901
IRS990/OtherExpensesGrp/ProgramServicesAmt21017
IRS990/OtherExpensesGrp/ProgramServicesAmt3760
IRS990/OtherExpensesGrp/TotalAmt04500
IRS990/OtherExpensesGrp/TotalAmt12469
IRS990/OtherExpensesGrp/TotalAmt21321
IRS990/OtherExpensesGrp/TotalAmt3987
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024652
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt082529
IRS990/OtherSalariesAndWagesGrp/TotalAmt0107181
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01916
IRS990/PayrollTaxesGrp/ProgramServicesAmt06414
IRS990/PayrollTaxesGrp/TotalAmt08330
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05041
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06453
IRS990/PrincipalOfficerNm0KATHLEEN WACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0289398
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05
IRS990/PYOtherExpensesAmt0215089
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt060922
IRS990/PYSalariesCompEmpBnftPaidAmt013392
IRS990/PYTotalExpensesAmt0228481
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0289403
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-72165
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0311079
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0289398
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0266321
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt064075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0930873
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0923109
IRS990ScheduleA/SubstantialContributorsTotAmt07764
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0311079
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0289398
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0266321
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt064075
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0930873
IRS990ScheduleA/TotalSupportAmt0930883
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0433584
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0299235
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0732819
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0433584
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE CO-PRESIDENTS AND BOARD MEMBERS. A COPY OF THE 990 WAS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED, READ, UNDERSTANDS AND WILL COMPLY WITH THE CONFLICT OF INTEREST POLICY. IF A CONFLICT ARISES, THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE, BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS, DETERMINES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION THE GOVERNING BOARD OR COMMITTEE MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DAY-TO-DAY AFFAIRS ARE RUN BY A NON-COMPENSATED BOARD. THE ORGANIZATION HIRED ITS FIRST EMPLOYEE IN MAY 2023, AND, PRIOR TO THAT, IN APRIL 2023, THE CO-PRESIDENTS OF THE ORGANIZATION MADE A REVIEW OF SALARY LEVELS FOR SIMILAR POSITIONS AT OTHER NONPROFITS AND DETERMINED UPON A COMPENSATION AMOUNT THROUGH THAT PROCESS. EACH YEAR, THE CO-PRESIDENTS ENGAGE IN A REVIEW PROCESS WITH THE EMPLOYEE. THE MOST RECENT REVIEW TOOK PLACE IN FEBRUARY 2025.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SPEAKER FEES: PROGRAM SERVICE EXPENSES 45,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,000. OPERATIONAL & CONSULTING: PROGRAM SERVICE EXPENSES 250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 3,850. MANAGEMENT AND GENERAL EXPENSES 1,150. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

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