Accesslex Institute
- Assets
- $3.3b
- Revenue
- $153.3m
- Investments
- $0.0
- Employees
- 129
- Location
- West Chester, PA
- Founding
- 06/1993
- Data as of
- 03/2020
- EIN
- 23-2719985
Organization Overview
Accesslex Institute is located in West Chester, PA. The organization was established in 1993. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 03/2020, Accesslex Institute employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 03/2020, Accesslex Institute generated $153.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $132.2m during the year ending 03/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Accesslex Institute has awarded 79 individual grants totaling $6,139,740. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE REFER TO SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE REFER TO SCHEDULE O
PLEASE REFER TO SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher P Chapman President & CEO | OfficerTrustee | 50 | $807,744 |
Charles A Albano Former Evp & COO | 0 | $388,308 | |
Debra Swartz SVP General Counsel & Cco | Officer | 50 | $293,867 |
Aaron N Taylor SVP & Ed Cen For Legal Edu Exc | Officer | 50 | $292,636 |
Cynthia A Cassity Si SVP Education&strat. Engment | Officer | 50 | $243,857 |
David J Ramage VP Investments & Corp Dev | Officer | 50 | $224,940 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nelnet Loan Services | 3/30/20 | $2,631,203 |
Engine Room Technology Web Developer | 3/30/20 | $317,938 |
Monticello Associates Investment Services | 3/30/20 | $500,000 |
Fp 440 1st Street Llc Rent | 3/30/20 | $487,006 |
D-town Associates Rent | 3/30/20 | $447,473 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $11,830,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $108,762 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,744,624 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,290,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $240,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,223,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,801,771 |
| Pension plan accruals and contributions | $492,584 |
| Other employee benefits | $1,879,226 |
| Payroll taxes | $663,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,278,472 |
| Fees for services: Accounting | $202,947 |
| Fees for services: Lobbying | $104,755 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $500,976 |
| Fees for services: Other | $6,037,183 |
| Advertising and promotion | $1,169,785 |
| Office expenses | $439,297 |
| Information technology | $1,238,976 |
| Royalties | $0 |
| Occupancy | $820,513 |
| Travel | $917,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $706,638 |
| Interest | $93,137,924 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $670,241 |
| Insurance | $367,786 |
| All other expenses | $0 |
| Total functional expenses | $132,150,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,949 |
| Savings and temporary cash investments | $10,161,555 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,549,229 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,436,215,365 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,757,717 |
| Investments—publicly traded securities | $566,317,044 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,905,970 |
| Total assets | $3,251,661,264 |
| Accounts payable and accrued expenses | $7,343,071 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,625,175,018 |
| Other liabilities | $1,986,673 |
| Total liabilities | $2,634,504,762 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $617,156,502 |
Grants Awarded
Over the last fiscal year, Accesslex Institute has awarded $1,974,943 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
THE STATE BAR OF CALIFORNIA PURPOSE: Program Support/Research | $257,500 |
Los Angeles, CA PURPOSE: Program Support/Research | $250,000 |
Chicago, IL PURPOSE: Program Support/Research | $243,643 |
Tucson, AZ PURPOSE: Program Support/Research | $189,930 |
UNIVERSITY OF CINCINNATI PURPOSE: Program Support/Research | $83,333 |
Denver, CO PURPOSE: Program Support/Research | $83,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
0005 Wright-Patt Credit Union Beavercreek, OH | $5,091,928,563 | $301,810,002 |
Accesslex Institute West Chester, PA | $3,251,661,264 | $153,290,505 |
Pheaa Student Loan Foundation Inc Harrisburg, PA | $3,029,973,651 | $118,674,188 |
Anabaptist Financial Lewisburg, PA | $537,648,729 | $20,627,336 |
Sharefax Credit Union Inc Cincinnati, OH | $430,891,781 | $16,755,561 |
0053 Ih Credit Union Springfield, OH | $291,987,881 | $15,244,026 |
Opportunity Finance Network Philadelphia, PA | $152,045,945 | $16,457,655 |
544 C E S Credit Union Inc Mount Vernon, OH | $148,510,347 | $7,952,688 |
Provident Loan Society Of New York New York, NY | $16,065,747 | $5,461,528 |
Friends Fiduciary Corporation Philadelphia, PA | $528,552,513 | $4,597,969 |
1087 Millstream Area Credit Union Inc Findlay, OH | $45,423,986 | $3,772,125 |
Christian Family Credit Union Inc North Canton, OH | $83,167,733 | $2,886,709 |