Association Of Corporate Counsel
- Assets
- $26.3m
- Revenue
- $22.3m
- Investments
- $0.0
- Employees
- 86
- Location
- Washington, DC
- Founding
- 11/1983
- Data as of
- 09/2021
- EIN
- 52-1267965
Organization Overview
Association Of Corporate Counsel is located in Washington, DC. The organization was established in 1983. 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. As of 09/2021, Association Of Corporate Counsel employed 86 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Association Of Corporate Counsel 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 09/2021, Association Of Corporate Counsel generated $22.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $20.9m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Association Of Corporate Counsel has awarded 19 individual grants totaling $503,445. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GLOBAL BAR ASSOCIATION PROMOTING THE COMMON PROFESSIONAL AND BUSINESS INTERESTS OF IN-HOUSE COUNSEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS AND MEETINGS - THE ASSOCIATION PRODUCES AN ANNUAL MEETING AND OTHER MEETINGS THAT OFFER NETWORKING OPPORTUNITIES AND CLE CREDITS FOR MEMBERS.
ACC DOCKET AND OTHER COMMUNICATIONS - VARIOUS COMMUNICATIONS INCLUDING THE ACC DOCKET, A FOUR COLOR, 120-PAGE MAGAZINE PUBLISHED 10 TIMES A YEAR.
CHAPTERS - THERE ARE FIFTY-TWO SUBORDINATE CHAPTERS OF THE ASSOCIATION WHICH ARE ORGANIZED BY GEOGRAPHY. AT NO EXTRA CHARGE, MEMBERS ARE AUTOMATICALLY ASSIGNED TO A CHAPTER IF ONE EXISTS IN THEIR REGION. CHAPTERS FOCUS PRIMARILY ON CLE PROGRAMS AND NETWORKING OPPORTUNITIES FOR LOCAL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veta Richardson President | Officer | 37.5 | $606,350 |
Kevin Buck Chief Operating Officer | Officer | 37.5 | $439,557 |
Susanna Mcdonald VP And Chief Legal Officer | Officer | 37.5 | $336,263 |
Robin Grossfeld Senior Vp, Global Initiatives | Officer | 37.5 | $336,008 |
Patricia Trudeau VP And Cao | Officer | 37.5 | $288,836 |
James Merklinger President, Acc Credentialing | Officer | 37.5 | $287,897 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amida Solutions Llc Database Administration | 9/29/21 | $293,400 |
Sai System Alliance Inc Technology Consulting | 9/29/21 | $289,669 |
Cvent Inc Event Management | 9/29/21 | $296,439 |
Brightkey Inc Data Processing | 9/29/21 | $166,687 |
Gravitate Solutions Llc Database Administration | 9/29/21 | $159,066 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,573,606 |
| 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 | $3,573,606 |
| Total Program Service Revenue | $17,848,947 |
| Investment income | $241,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $95,889 |
| Net Gain/Loss on Asset Sales | $489,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,303,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $46,250 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,045,284 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,817,706 |
| Pension plan accruals and contributions | $660,233 |
| Other employee benefits | $119,664 |
| Payroll taxes | $1,002,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $224,566 |
| Fees for services: Accounting | $38,456 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,537 |
| Fees for services: Other | $3,135,150 |
| Advertising and promotion | $62,817 |
| Office expenses | $736,413 |
| Information technology | $1,019,914 |
| Royalties | $0 |
| Occupancy | $1,247,922 |
| Travel | $8,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $252,497 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $576,186 |
| Insurance | $121,224 |
| All other expenses | $0 |
| Total functional expenses | $20,853,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,359 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,670,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $749,778 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $762,643 |
| Net Land, buildings, and equipment | $1,912,119 |
| Investments—publicly traded securities | $16,455,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $362,100 |
| Other assets | $3,727,366 |
| Total assets | $26,319,803 |
| Accounts payable and accrued expenses | $2,714,552 |
| Grants payable | $0 |
| Deferred revenue | $6,093,632 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $257,802 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,551,675 |
| Total liabilities | $11,617,661 |
| Net assets without donor restrictions | $14,702,142 |
| 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 | $26,319,803 |
Grants Awarded
Over the last fiscal year, Association Of Corporate Counsel has awarded $18,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Nashville, TN PURPOSE: Chapter Programing Assistance | $12,000 |
Los Angeles, CA PURPOSE: Chapter Programing Assistance | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association For Justice Washington, DC | $17,240,703 | $26,093,136 |
Association Of Corporate Counsel Washington, DC | $26,319,803 | $22,303,593 |
American Immigration Lawyers Association Washington, DC | $35,415,252 | $13,567,003 |
National Association Of Criminal Defense Lawyers Inc Washington, DC | $10,321,957 | $8,784,105 |
Public Justice Foundation Washington, DC | $17,587,243 | $9,549,497 |
Association Of Corporate Counsel Washington, DC | $9,585,774 | $6,892,301 |
National Sheriffs Association Alexandria, VA | $2,506,645 | $6,054,968 |
National Court Reporters Assn Reston, VA | $9,901,369 | $5,357,808 |
National Association Of College And University Attorneys Washington, DC | $12,444,017 | $5,234,478 |
Commission On Accreditation For Law Enforcement Agencies Inc Gainesville, VA | $11,972,321 | $4,641,271 |
American Tort Reform Association Washington, DC | $2,998,842 | $4,616,837 |
Maryland State Bar Association Inc Baltimore, MD | $4,957,157 | $4,827,194 |