State Law Resources Inc
- Assets
- $455.7k
- Revenue
- $267.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 56-2121966
Organization Overview
State Law Resources Inc is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Law Resources Inc 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 12/2021, State Law Resources Inc generated $267.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $197.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A NETWORK THAT ALLOWS MEMBERS TO SERVE THEIR CLIENTS IN THE UNITED STATES OF AMERICA AND WORLDWIDE AND DEVELOP NEW CLIENTS AND NEW BUSINESS FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOARD AND CHAIR - PROGRAM CONSISTS OF BOARD AND CHAIRMAN ACTIVITIES, INCLUDING EXPENSES ASSOCIATED WITH BOARD MEETINGS, ALL COMMITTEE TELECONFERENCES, TRAVEL REIMBURSEMENT FOR THE CHAIR AND GIFTS OF APPRECIATION FOR OUTGOING BOARD MEMBERS.
MEMBERSHIP AND MEETINGS - FALL AND SPRING MEETING ACTIVITIES ARE INCLUDED IN THIS PROGRAM. THE PURPOSE OF THESE MEETINGS ARE NETWORKING AND BUSINESS DEVELOPMENT FOR MEMBERS. SLR MEMBER CLIENTS ARE INVITED TO ATTEND THESE MEETINGS AND INFORM THE GROUP ABOUT THEIR COMPANIES/ORGANIZATIONS AND ANY LEGISLATIVE/LEGAL NEEDS THAT THEY MAY HAVE.
MARKETING AND COMMUNICATIONS - INTERNAL AND EXTERNAL MARKETING ACTIVITIES ARE INCLUDED IN THIS PROGRAM, INCLUDING SPONSORSHIPS, DEVELOPMENT OF MARKETING/MEMBERSHIP MATERIALS/DIRECTORY, SOCIAL MEDIA AND CLIENT/NEW BUSINESS DEVELOPMENT. REGIONAL MEETINGS ARE ALSO INCLUDED IN THE PROGRAM. THE GOAL OF MARKETING AND COMMUNICATIONS IS TO INCREASE SLR'S BRAND AWARENESS AND BROADEN THE REACH OF OUR MEMBERS TO POTENTIAL NEW CLIENTS AND BUSINESS. SLR ALSO MARKETS INTERNALLY TO SLR MEMBER FIRMS IN ORDER TO MAKE MORE EMPLOYEES OF MEMBER FIRMS AWARE OF SLR AND ITS MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew O'connor Chair & Pres | OfficerTrustee | 1 | $0 |
Michael Biberstine Vice Chair/pres | OfficerTrustee | 1 | $0 |
Kurt Oneto Treasurer | OfficerTrustee | 1 | $0 |
Derrick Smith Past President | OfficerTrustee | 1 | $0 |
Meghan Conrad Secretary | OfficerTrustee | 1 | $0 |
Erin Murphy Executive Dir. | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $267,159 |
| Investment income | $30 |
| 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 | $267,189 |
| 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. | $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 | $109,150 |
| Fees for services: Legal | $1,444 |
| 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 | $1,120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,220 |
| Insurance | $1,068 |
| All other expenses | $9,702 |
| Total functional expenses | $197,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,194 |
| Savings and temporary cash investments | $74,482 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,114 |
| 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 | $7,274 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,590 |
| Other assets | $0 |
| Total assets | $455,654 |
| Accounts payable and accrued expenses | $30,072 |
| Grants payable | $0 |
| Deferred revenue | $27,330 |
| 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 | $57,402 |
| Net assets without donor restrictions | $398,252 |
| 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 | $455,654 |
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National Association Of Credit Management Inc Columbia, MD | $9,729,944 | $2,084,765 |
Independent Insurance Agents Of Virginia Inc Richmond, VA | $2,800,771 | $1,432,441 |
Association Of Insurance Compliance Professionals Reston, VA | $1,396,557 | $539,000 |
American Insurance Marketing And Sales Society Richmond, VA | $438,192 | $339,133 |
State Law Resources Inc Washington, DC | $455,654 | $267,189 |
Womens White Collar Defense Association Washington, DC | $1,482,111 | $662,003 |