Minority Corporate Counsel Association Inc
- Assets
- $7.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 14
- Location
- Washington, DC
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 13-3920905
Organization Overview
Minority Corporate Counsel Association Inc is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Minority Corporate Counsel Association Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minority Corporate Counsel Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Minority Corporate Counsel Association Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE HIRING, RETENTION, AND PROMOTION OF DIVERSE ATTORNEYS IN LEGAL DEPARTMENTS AND LAW FIRMS THAT SERVE THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCCA HOSTS A NATIONAL AWARDS GALA. THE NATIONAL EVENT RECOGNIZES CORPORATE LEADERS IN THE ADVANCEMENT OF DIVERSITY IN THE LEGAL INDUSTRY. MCAA ALSO HOSTS ANNUAL CONFERENCES AT WHICH ATTENDEES LEARN ABOUT RESEARCH AND BEST PRACTICES IN THE LEGAL PROFESSION AND DIVERSITY AND INCLUSION TOPICS.
MCCA PRODUCES A VARIETY OF RESEARCH AND EDUCATIONAL PRODUCTS FOR MEMBERS AND THE LEGAL PROFESSION INCLUDING: 1) LAW FIRM DIVERSITY REPORT 2) DIVERSITY DATABASE 3)GC SURVEY ANALYSIS & REPORT 4) CASE STUDIES
MCCA IS THE PREEMINENT VOICE ON DIVERSITY ISSUES IN THE LEGAL PROFESSION. MCCA PROVIDES INDUSTRY-SHAPING PUBLICATIONS, RESEARCH, CAREER DEVELOPMENT AND NETWORKING OPPORTUNITIES DESIGNED TO CONNECT ITS MEMBERS TO THOUGHT LEADERS AND ONE ANOTHER. MEMBERS INCLUDE REPRESENTATIVES OF BOTH IN-HOUSE AND LAW FIRM PRACTICES.
JOB BANK: MCCA GENERATES REVENUE FROM MEMBERS'POSTING OF ADS ONLINE ON BOXWOOD - 120,699SCHOLARSHIP - 62,655
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Lee President & CEO | OfficerTrustee | 37.5 | $450,500 |
Sophia Piliouras Chief Operating Officer & Corporate Secretary | Officer | 37.5 | $271,371 |
Duane D Holloway Director | Trustee | 0.5 | $0 |
Hannah Lim-Johnson Director | Trustee | 0.5 | $0 |
Tom Robertson Director | Trustee | 0.5 | $0 |
Lanesha Minnix Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rendezvous Consulting Group Llc Consulting | 12/30/21 | $200,136 |
West Wing Writers Marketing | 12/30/21 | $346,872 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,513,412 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,190,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,856,680 |
| Total Program Service Revenue | $169,379 |
| Investment income | $160,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $280,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,466,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $74,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $710,813 |
| Compensation of current officers, directors, key employees. | $200,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,086 |
| Pension plan accruals and contributions | $25,010 |
| Other employee benefits | $54,703 |
| Payroll taxes | $70,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,555 |
| Fees for services: Accounting | $95,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,770 |
| Fees for services: Other | $273,620 |
| Advertising and promotion | $385,373 |
| Office expenses | $44,006 |
| Information technology | $28,976 |
| Royalties | $0 |
| Occupancy | $3,773 |
| Travel | $13,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $446,393 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,794 |
| Insurance | $22,533 |
| All other expenses | $1,615 |
| Total functional expenses | $3,370,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,972 |
| Savings and temporary cash investments | $1,047,562 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $498,513 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $276,325 |
| Net Land, buildings, and equipment | $54,778 |
| Investments—publicly traded securities | $4,411,392 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,066,542 |
| Accounts payable and accrued expenses | $34,240 |
| Grants payable | $0 |
| Deferred revenue | $912,368 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $276,150 |
| Total liabilities | $1,222,758 |
| Net assets without donor restrictions | $5,742,746 |
| Net assets with donor restrictions | $101,038 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,066,542 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Minority Corporate Counsel Association Inc has recieved totaling $109,463.
| Awarding Organization | Amount |
|---|---|
L Brands Foundation Columbus, OH PURPOSE: URBAN AFFAIRS | $25,000 |
Gibson Dunn & Crutcher Foundation Los Angeles, CA PURPOSE: CHARITABLE | $25,000 |
Jackson Lewis Foundation West Harrison, NY PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATION'S EXEMPT PURPOSE | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,920 |
Wilson Sonsini Goodrich & Rosati Foundation Palo Alto, CA PURPOSE: General Operating Support | $10,000 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Congress Of American Indians Washington, DC | $22,096,750 | $10,230,979 |
Congressional Black Caucus Foundation Inc Washington, DC | $27,522,852 | $16,990,320 |
Lulac National Educational Service Centers Inc Washington, DC | $2,152,455 | $9,352,585 |
Congressional Hispanic Caucus Institute Inc Washington, DC | $24,437,855 | $9,652,744 |
National Association For The Advancement Of Colored People Baltimore, MD | $34,744,473 | $15,559,685 |
National Action Council For Minorities In Engineering Inc Alexandria, VA | $24,460,984 | $4,503,129 |
Minority Corporate Counsel Association Inc Washington, DC | $7,066,542 | $4,466,534 |
National Black Caucus Of State Legislators Washington, DC | $4,139,916 | $3,218,552 |
Hispanic Association On Corporate Responsibility Washington, DC | $5,189,673 | $3,981,049 |
Voto Latino Foundation Inc Washington, DC | $3,458,506 | $3,696,616 |
National Association Of Minority Automobile Dealers Largo, MD | $1,972,184 | $2,803,390 |
The Arab American Institute Foundation Washington, DC | $248,504 | $1,156,774 |