Law Rocks Inc
- Assets
- $404.0k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- El Segundo, CA
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-3264456
Organization Overview
Law Rocks Inc is located in El Segundo, CA. The organization was established in 2012. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Law Rocks Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Law Rocks 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 12/2023, Law Rocks Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 14.1% per year over the past 9 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.
Since 2015, Law Rocks Inc has awarded 231 individual grants totaling $1,821,357. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, SUPPORT AND CARRY ON SOCIAL SERVICE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAW ROCKS PROVIDES AN OPPORTUNITY FOR THE GLOBAL LEGAL COMMUNITY TO BRING ATTENTION AND FUNDING TO DESERVING LOCAL NONPROFITS. OUR VISION IS TO MAKE A REAL DIFFERENCE IN CITIES AROUND THE WORLD BY RAISING FUNDS AND ATTENTION FOR LOCAL ORGANIZATIONS THAT CHANGE LOCAL LIVES. A KEY COMPONENT OF LAW ROCKS' MISSION IS TO PROMOTE MUSIC EDUCATION FOR UNDERSERVED YOUTH; WE BELIEVE EVERY YOUNG PERSON SHOULD HAVE THE OPPORTUNITY TO EXPERIENCE THE POWER OF MUSIC. IN 2023, WE AMPED UP OUR SUPPORT FOR THE CAUSE BY ESTABLISHING THE MUSIC MATTERS GRANT. THIS GRANT IS GIVEN TO A LOCAL NONPROFIT THAT SUPPORTS YOUTH MUSIC EDUCATION IN EACH OF OUR U.S. TOUR CITIES. SO FAR LAW ROCKS HAS RAISED $7 MILLION AND TOURED TO 30 CITIES AND FIVE CONTINENTS WITH OUR SIGNATURE COMBINATION OF ROCK-N-ROLL AND CHARITABLE GIVING. IN 2023, THERE WERE TEN LIVE CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Scott President & CEO | OfficerTrustee | 10 | $0 |
Charles D Jarrell Board Member | Trustee | 5 | $0 |
Shawn Dailey Board Member | Trustee | 1 | $0 |
Greg Doll Board Member | Trustee | 1 | $0 |
Devon Engel Board Member | Trustee | 1 | $0 |
Amanda Horn Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,074,244 |
| Related organizations | $0 |
| Government grants | $15,000 |
| 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 | $1,089,244 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$81,809 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,493 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,005,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $706,711 |
| 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 | $153,557 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $60,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,458 |
| Fees for services: Accounting | $6,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,522 |
| Advertising and promotion | $5,347 |
| Office expenses | $28,720 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,543 |
| Travel | $38,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,534 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,500 |
| All other expenses | $122 |
| Total functional expenses | $1,051,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,460 |
| Savings and temporary cash investments | $0 |
| 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 | $521 |
| Total assets | $403,981 |
| 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 | $403,981 |
| 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 | $403,981 |
Grants Awarded
Over the last fiscal year, Law Rocks Inc has awarded $643,377 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AABA LAW FOUNDATION PURPOSE: PROGRAM SUPPORT | $11,299 |
ADVOCATES FOR CHILDREN OF NEW YORK PURPOSE: PROGRAM SUPPORT | $60,730 |
BAKERRIPLEY PURPOSE: PROGRAM SUPPORT | $14,819 |
ALICE COOPER'S SOLID ROCK TEEN CENTERS PURPOSE: PROGRAM SUPPORT | $15,000 |
BELONG KITCHEN PURPOSE: PROGRAM SUPPORT | $17,760 |
ACCESS JUSTICE BROOKLYN PURPOSE: PROGRAM SUPPORT | $7,824 |