Intellectual Property Law Assoc Of Chicago
- Assets
- $302.4k
- Revenue
- $213.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1945
- Data as of
- 12/2023
- EIN
- 36-6080486
Organization Overview
Intellectual Property Law Assoc Of Chicago is located in Chicago, IL. The organization was established in 1945. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intellectual Property Law Assoc Of Chicago 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 12/2023, Intellectual Property Law Assoc Of Chicago generated $213.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $181.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ACTIVITIES SPECIFIC TO INTELLECTUAL PROPERTY LAW
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL DINNER HONORING THE FEDERAL JUDICIARY CELEBRATES DISTINGUISHED JUDGES FOR THEIR CONTRIBUTIONS TO THE FIELD OF INTELLECTUAL PROPERTY LAW.
IPLAC FIELD DAY PROMOTES SOCIAL INTERACTION AND RELATIONSHIPS BETWEEN PROFESSIONAL MEMBERS IN THE FIELD OF INTELLECTUAL PROPERTY LAW.
THE IPLAC ANNUAL IP SYMPOSIUM PROVIDES REGISTRANTS WITH A SERIES OF PRESENTATIONS AND PANEL DISCUSSIONS ON THE CURRENT TRENDS AND ISSUES IMPACTING THE FIELD OF INTELLECTUAL PROPERTY LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Atanu Das Cheif Dei Officer | OfficerTrustee | 3 | $0 |
Laura Schaefer Secretary | OfficerTrustee | 3 | $0 |
Tiffany D Gehrke Past President | OfficerTrustee | 3 | $0 |
Peter J Prommer President | OfficerTrustee | 3 | $0 |
Matthew J Kelly Vice President | OfficerTrustee | 3 | $0 |
Azuka Dike Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50,035 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,796 |
| Total Program Service Revenue | $129,937 |
| Investment income | $3,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,578 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $5,869 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141,707 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,820 |
| All other expenses | $0 |
| Total functional expenses | $181,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,493 |
| Savings and temporary cash investments | $257,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $302,397 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $302,397 |
| 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 | $302,397 |
Grants Awarded
Over the last fiscal year, Intellectual Property Law Assoc Of Chicago has awarded $13,578 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IPLAC EDUCATIONAL FOUNDATION PURPOSE: THE IPLAC EDUCATIONAL FOUNDATION WAS FOUNDED IN 1991 BY IPLAC LEADERS AND MEMBERS INTERESTED IN ENCOURAGING AND SUPPORTING CHICAGO PUBLIC SCHOOL STUDENTS IN THE STUDY OF ENGINEERING, SCIENCE AND THE LAW. | $11,526 |
INTA FOUNDATION - LEFKOWITZ MOOT COURT PURPOSE: THE SAUL LEFKOWITZ MOOT COURT COMPETITION IS AN ANNUAL EVENT HONORING SAUL LEFKOWITZ, WHOSE ENTIRE DISTINGUISHED CAREER WAS DEDICATED TO THE DEVELOPMENT OF TRADEMARK AND UNFAIR COMPETITION LAW. THE COMPETITION INTRODUCES LAW STUDENTS TO IMPORTANT ISSUES ARISING IN U.S. TRADEMARK AND UNFAIR COMPETITION LAW. STUDENTS DEVELOP THEIR BRIEF WRITING AND ORAL ADVOCACY SKILLS IN A MOCK COURTROOM EXPERIENCE. | $2,052 |