Overview
What is The New York Law Institute Inc?
The New York Law Institute Inc is a nonprofit organization situated in New York City, specifically at 120 BROADWAY 932. Its primary purpose is to serve as a hub for legal studies, fostering the growth of legal science and promoting the advancement of jurisprudence. It functions as a learning seminary in law, providing a comprehensive library service encompassing research, circulation of materials, document delivery, and access to electronic resources. The organization's mission extends beyond its library, collaborating with various charitable organizations on a local, national, and international scale. It also engages in activities that support its core purposes, ensuring its operations remain beneficial and relevant to its mission, without jeopardizing its nonprofit or tax-exempt status. The New York Law Institute Inc employs a team of 6 dedicated individuals.
Official website here: www.nyli.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The New York Law Institute Inc has achieved a perfect score of 100%, earning it a Four-Star rating from Charity Navigator. This rating reflects the organization's strong commitment to accountability and finance, with all metrics demonstrating excellence in governance and financial oversight. The organization boasts a fully independent board, ensuring that it operates without conflicts of interest and maintains clear policies for whistleblower protections and document retention.
Financially, the New York Law Institute demonstrates a healthy balance between liabilities and assets, with a low liabilities to assets ratio of 11.86%. Moreover, the program expense ratio stands at an impressive 80.25%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This financial prudence is a strong indicator of the organization's operational efficiency and dedication to its mission.
Overall, while the New York Law Institute Inc showcases exemplary governance and financial management, it is essential for potential donors and supporters to consider the organization's specific mission and impact within the legal community. The high accountability standards set by the organization make it a trustworthy choice for those looking to contribute to a nonprofit committed to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is The New York Law Institute Inc legitimate?
The New York Law Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New York Law Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $205,522
Professional Fundraising Fees: $0
Other Salaries and Wages: $526,930
For more financial information, click here
Official website here: www.nyli.org
What is the mission statement of The New York Law Institute Inc?
The New York Law Institute Inc's mission is primarily centered around the cultivation of legal science and the promotion of jurisprudence. The organization operates as a seminary of learning in law, aiming to advance this field. It also maintains a law library for scholarly purposes. Furthermore, The New York Law Institute Inc collaborates with various charitable organizations, both locally and internationally, to further its objectives. The organization is also open to any activities that may be beneficial for the advancement of its purposes, as long as they do not jeopardize its non-profit or tax-exempt status.
Official website here: www.nyli.org
What is the revenue of The New York Law Institute Inc?
The New York Law Institute Inc's revenue in 2024 was $2,023,388.
Official website here: www.nyli.org
Who are the executives of The New York Law Institute Inc and what are their salaries?
The average compensation at The New York Law Institute Inc during 2024 was $104,636. There are 7 employees and 9 volunteers at The New York Law Institute Inc.
Here are 12 key members and their salaries:
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- Compensation: $169,764
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- Other: $33,162
- Compensation: $128,282
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- Other: $15,276
- Compensation: $132,335
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- Other: $20,988
- Compensation: $100,329
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- Other: $17,935
- Compensation: $100,782
- Related: $0
- Other: $17,481
Official website here: www.nyli.org
Where can I find the form 990 for The New York Law Institute Inc?
The New York Law Institute Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nyli.org
Learn more at the official website: www.nyli.org
Mission Statement of The New York Law Institute Inc
The New York Law Institute Inc is established with a primary purpose of serving literary needs and fostering the growth of legal science. Its mission is to advance jurisprudence, promoting the study of law, and providing a platform for learning. The organization aims to accomplish these objectives by operating as a seminary of legal education. In addition, The New York Law Institute Inc collaborates with various charitable organizations, local, national, or international, to further its goals. It also engages in any other activities that may be beneficial for its primary purpose, ensuring these activities do not jeopardize its non-profit or tax-exempt status.
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Impact
October, 2024
The New York Law Institute Inc. significantly impacts the legal community by cultivating legal scholarship and promoting the advancement of jurisprudence. Its extensive library services, which include research support, document delivery, and access to electronic resources, serve as a vital resource for legal professionals, scholars, and students.
By providing a rich repository of legal literature and facilitating access to essential legal materials, the Institute plays a crucial role in enhancing the understanding and application of law. This commitment to fostering a seminary of learning underscores its dedication to the continuous education of individuals in the legal field.
Furthermore, the organization's collaboration with other charitable entities, both local and international, broadens its reach and effectiveness, ensuring that its resources and expertise contribute to a wider legal discourse. Ultimately, the New York Law Institute Inc. stands as a cornerstone for legal learning and research, shaping the future of jurisprudence through its comprehensive services and commitment to education.
This information is meant to be a general summary of The New York Law Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $125,365
- Program Service Revenue: $1,742,508
- Gross Receipts: $2,834,799
Assets and Liabilities:
- Total Assets: $10,442,043
- Total Liabilities: $1,066,709
- Net Assets: $9,375,334
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP FEES
Revenue
$1,647,868
PROGRAM SERVICE INCOME
Revenue
$94,640
Organization Details
Founding Year
1928
Principal Officer
Stewart E Wurtzel
Website
www.nyli.orgNTEE Category
Code: B700 - Education
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