Austin Intellectual Property Law Association
- Assets
- $82.4k
- Revenue
- $41.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/1986
- Data as of
- 12/2020
- EIN
- 74-2422311
Organization Overview
Austin Intellectual Property Law Association is located in Austin, TX. The organization was established in 1986. 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. Austin Intellectual Property Law 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 12/2020, Austin Intellectual Property Law Association generated $41.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $11.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (29.4%) per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION WAS FORMED TO PROMOTE THE UNDERSTANDING OF INTELLECTUAL PROPERTY AND RELATED AREAS OF THE LAW; TO PROMOTE AND ASSIST IN THE GROWTH OF PROGRAMS DESIGNED FOR DISCUSSION, EXCHANGE OF IDEAS AND POSSIBLE SOLUTIONS TO VARIOUS COMMON PROBLEMS RELATING TO INTELLECTUAL PROPERTY LAW; TO PROMOTE FRIENDLY RELATIONS BETWEEN ITS MEMBERS; TO PROVIDE INFORMATION REGARDING CURRENT TRENDS; PREPARE REPORTS AND OFFER SEMINARS TO MEMBERS RELATING TO INTELLECTUAL PROPERTY LAW; AND TO MAINTAIN A HIGH STANDARD OF PROFESSIONAL ETHICS WITHIN THE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020 AUSTIN IPLA PROVIDED EIGHT CONTINUING LEGAL EDUCATION SEMINARS RELATING TO INTELLECTUAL PROPERTY LAW TOPICS ACCREDITED BY THE STATE BAR OF TEXAS. ADDITIONALLY, AUSTIN IPLA HOSTED AN ANNUAL SOCIAL EVENT WITH CENTRAL TEXAS AREA LAW STUDENTS INTERESTED IN INTELLECTUAL PROPERTY LAW TO FOSTER INTERACTION WITH MEMBERS OF THE AUSTIN IPLA WHICH ASSISTS IN RECRUITING BY MEMBERS AND PROMOTES MEMBERSHIP IN THE AUSTIN IPLA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Kuhn Director/past President | OfficerTrustee | 1 | $0 |
Aden Allen Director/president | OfficerTrustee | 1 | $0 |
Jerry Suva Director/vice President | OfficerTrustee | 1 | $0 |
Valerie Barker Director/treasurer | OfficerTrustee | 1 | $0 |
Alexandra Bistline Director/secretary | OfficerTrustee | 1 | $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 | $26,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,750 |
| Total Program Service Revenue | $14,451 |
| Investment income | $9 |
| 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 | $41,210 |
| 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 | $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 | $755 |
| Office expenses | $1,781 |
| Information technology | $0 |
| 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 | $8,318 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,088 |
| Savings and temporary cash investments | $55,320 |
| 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 | $82,408 |
| 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 | $0 |
| 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 | $82,408 |
| Total liabilities and net assets/fund balances | $82,408 |