International Legal Finance Association
- Assets
- $377.4k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 85-2827042
Organization Overview
International Legal Finance Association is located in Washington, DC. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Legal Finance 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 12/2022, International Legal Finance Association generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ILFA'S MISSION IS TO ENGAGE, EDUCATE AND INFLUENCE LEGISLATIVE, REGULATORY AND JUDICIAL LANDSCAPES AS THE GLOBAL VOICE OF THE COMMERCIAL LEGAL FINANCE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENGAGE, EDUCATE AND INFLUENCE LEGISLATIVE, REGULATORY AND JUDICIAL LANDSCAPES AS THE GLOBAL VOICE OF THE COMMERCIAL LEGAL FINANCE INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Purslow Chairman | Trustee | 1 | $0 |
Jonathan Barnes Director | Trustee | 1 | $0 |
Christopher Bogart Director | Trustee | 1 | $0 |
Susan Dunn Director | Trustee | 1 | $0 |
William Farrell Director | Trustee | 1 | $0 |
David Gallagher Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Loxodrome Consulting Consulting | 12/30/22 | $132,000 |
West Front Strategies Consulting | 12/30/22 | $120,000 |
Questor Consulting Consulting | 12/30/22 | $113,655 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,565,576 |
| 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 | $1,565,576 |
| Total Program Service Revenue | $287,172 |
| Investment income | $0 |
| 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 | $1,852,748 |
| 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. | $346,508 |
| 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 | $14,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,839 |
| Fees for services: Accounting | $3,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,293,146 |
| Advertising and promotion | $0 |
| Office expenses | $167 |
| 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 | $322,899 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,667 |
| All other expenses | $291 |
| Total functional expenses | $2,073,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,850 |
| 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 | $377,370 |
| Accounts payable and accrued expenses | $148,435 |
| 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 | $148,435 |
| 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 | $228,935 |
| Total liabilities and net assets/fund balances | $377,370 |