The Cleveland Metropolitan Bar Association
- Assets
- $1.9m
- Revenue
- $2.7m
- Investments
- $400.0
- Employees
- 29
- Location
- Cleveland, OH
- Founding
- 03/2009
- Data as of
- 06/2022
- EIN
- 26-2052191
Organization Overview
The Cleveland Metropolitan Bar Association is located in Cleveland, OH. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Cleveland Metropolitan Bar Association employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Metropolitan Bar Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Cleveland Metropolitan Bar Association generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE RULE OF LAW AND THE LEGAL PROFESSION BY SUPPORTING, EMPOWERING AND CELEBRATING OUR MEMBERS AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosalina Fini President | OfficerTrustee | 1 | $0 |
Adrian Thompson President-Elect | OfficerTrustee | 1 | $0 |
Honorable John Russo Vice President | OfficerTrustee | 1 | $0 |
Awatef Assad VP Of Diversity & Inclusion | OfficerTrustee | 1 | $0 |
Dr Tami Bolder Treasurer | OfficerTrustee | 1 | $0 |
Allison Smith Newsome Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Optima 1375 Llc Building Rent & Utilities | 6/29/22 | $289,074 |
Cmit Solutions Of Downtown Computer License & Contracts | 6/29/22 | $106,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $72,039 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,039 |
| Total Program Service Revenue | $2,230,429 |
| Investment income | $278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$72,225 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,611 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,744,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $324,962 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,000,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $132,942 |
| Payroll taxes | $64,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,116 |
| Advertising and promotion | $87,333 |
| Office expenses | $144,412 |
| Information technology | $137,319 |
| Royalties | $0 |
| Occupancy | $277,145 |
| Travel | $7,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,810 |
| Insurance | $9,477 |
| All other expenses | $40,225 |
| Total functional expenses | $2,682,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $1,243,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $267,777 |
| 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 | $66,159 |
| Net Land, buildings, and equipment | $231,555 |
| Investments—publicly traded securities | $14,213 |
| Investments—other securities | $400 |
| Investments—program-related | $106,566 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,930,816 |
| Accounts payable and accrued expenses | $305,304 |
| Grants payable | $0 |
| Deferred revenue | $806,760 |
| 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 | $37,207 |
| Other liabilities | $8,082 |
| Total liabilities | $1,157,353 |
| Net assets without donor restrictions | $773,463 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,930,816 |