Texans For Lawsuit Reform Foundation
- Assets
- $649.2k
- Revenue
- $50.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 20-1930752
Organization Overview
Texans For Lawsuit Reform Foundation is located in Houston, TX. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texans For Lawsuit Reform Foundation 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 12/2022, Texans For Lawsuit Reform Foundation generated $50.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (31.6%) each year. All expenses for the organization totaled $173.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTS AND SUPPORTS NON-PARTISAN ANALYSIS AND RESEARCH ON THE TEXAS JUSTICE AND REGULATORY SYSTEM. RESEARCH IS CONDUCTED BY INDEPENDENT SCHOLARS AND QUALIFIED PROFESSIONALS WITH EXPERIENCE AND EXPERTISE IN SPECIFIC AREAS.IN RECENT YEARS, INCLUDING 2022, THE FOUNDATION CONDUCTED RESEARCH SEVERAL TOPICS, INCLUDING CONTROLLING THE COST OF LITIGATION, INTERLOCUTORY APPEALS FROM TRIAL COURTS, APPELLATE COURT EFFICIENCY, BARRATRY/ATTORNEY SOLICITATION, SOVEREIGN IMMUNITY, ATTORNEY FEE STATUTES, THE ESTABLISHMENT OF BUSINESS COURTS, JUDICIAL SELECTION METHODS, THECRIMINAL BAIL SYSTEM, AND LIABILITY ISSUES RELATED TO THE TRANSPORTATION AND STORAGE OF CARBON.
PREVIOUS STUDIES INCLUDE THE JURY SYSTEM IN TEXAS, PROMPT-PAY LAWS, ASBESTOS LITIGATION IN TEXAS, THE COURT STRUCTURE AND ADMINISTRATION IN TEXAS, THE ECONOMIC IMPACT OF TORT REFORM, THE TEXAS SLAPP STATUTE, AND THE AMERICANS WITH DISABILITIES ACT.STUDY REPORTS ARE WIDELY DISTRIBUTED TO INTERESTED PARTIES AND THE PUBLIC AT LARGE AND ARE AVAILABLE ON THE FOUNDATION'S WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Trabulsi Jr President & Secretary | 1 | $0 | |
David Haug Director | 1 | $0 | |
Hugh Rice Kelly Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,394 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $4,856 |
| Other expenses | $1,425 |
| Total operating and administrative expenses | $173,126 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $173,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,219 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $649,219 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |