Overview
What is Accesslex Institute?
Accesslex Institute is a nonprofit organization based in West Chester, Pennsylvania. It is supported by a membership of approximately 200 American Bar Association (ABA)-approved law schools. The organization is dedicated to enhancing educational access for diverse and underrepresented students, increasing affordability, and maximizing the value of legal education. Accesslex Institute achieves this mission through research, grantmaking, policy analysis and advocacy, and educational services. They facilitate timely student loan repayment by offering interest rate reduction incentives and providing quality customer service, counseling, issue resolution, default aversion, and post-default management. The organization's work is designed to maintain the vibrancy and dynamism of its mission in response to the ever-changing challenges and needs of students and institutions of higher education. Accesslex Institute employs a team of 122 individuals.
Official website here: www.accesslex.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
AccessLex Institute has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is primarily driven by its exceptional accountability measures, illustrating a commitment to transparency and effective governance. The organization boasts a fully independent board, with 90% of its members being independent, which is crucial for maintaining objectivity and integrity in its operations.
Strengths highlighted in the evaluation include an excellent program expense ratio of 88.36%, indicating that a significant portion of its resources is allocated directly to its programs rather than administrative costs. Additionally, the institute has robust policies in place regarding conflicts of interest and whistleblower protections, further enhancing its credibility. Their financial oversight mechanisms, such as an audit committee, are also rated highly, ensuring that financial practices align with ethical standards.
One noted limitation is the liabilities to assets ratio of 55.32%, which, while still demonstrating a viable financial position, suggests potential areas for improvement in managing debt relative to assets. Overall, AccessLex Institute demonstrates strong financial health and accountability, positioning itself as a trusted nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Accesslex Institute legitimate?
Accesslex Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Accesslex Institute 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: $3,691,248
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,098,015
For more financial information, click here
Official website here: www.accesslex.org
What is the mission statement of Accesslex Institute?
The Accesslex Institute is a membership-based organization primarily comprised of approximately 200 American Bar Association (ABA)-approved nonprofit and state-affiliated law schools. Committed to enhancing educational access for diverse and underrepresented students, increasing affordability, and adding value to legal education, Accesslex Institute carries out its mission through research, grantmaking, policy analysis, advocacy, and educational services activities. The organization's initiatives and programs are designed to adapt and evolve to meet the changing needs of students and higher education institutions, making Accesslex Institute a leading voice in its areas of focus. Throughout its history, Accesslex Institute has been driven by strategic initiatives to maintain the vibrancy and dynamism of its mission.
Official website here: www.accesslex.org
Who is the CEO of Accesslex Institute?
Christopher P Chapman is the CEO of Accesslex Institute The CEO's salary of Accesslex Institute is $689,873 and their total compensation is $1,140,614.
Official website here: www.accesslex.org
What is the revenue of Accesslex Institute?
Accesslex Institute's revenue in 2024 was $95,890,882.
Official website here: www.accesslex.org
Who are the executives of Accesslex Institute and what are their salaries?
The average compensation at Accesslex Institute during 2024 was $75,981. There are 142 employees and 11 volunteers at Accesslex Institute.
Here are 27 key members and their salaries (Accesslex Institute's CEO's salary is $689,873 and their total compensation is $1,140,614):
- Compensation: $689,873
- Related: $295,660
- Other: $155,081
- Compensation: $417,533
- Related: $0
- Other: $96,476
- Compensation: $163,447
- Related: $163,447
- Other: $66,104
- Compensation: $331,362
- Related: $0
- Other: $53,828
- Compensation: $286,191
- Related: $0
- Other: $60,493
- Compensation: $278,828
- Related: $0
- Other: $63,493
- Compensation: $294,564
- Related: $0
- Other: $44,953
- Compensation: $183,223
- Related: $0
- Other: $59,137
- Compensation: $176,653
- Related: $0
- Other: $58,338
- Compensation: $200,400
- Related: $0
- Other: $28,781
- Compensation: $159,711
- Related: $0
- Other: $54,105
- Compensation: $162,222
- Related: $0
- Other: $47,539
- Compensation: $197,075
- Related: $0
- Other: $12,615
- Compensation: $159,406
- Related: $0
- Other: $30,449
- Compensation: $170,665
- Related: $0
- Other: $14,826
- Compensation: $111,010
- Related: $0
- Other: $22,703
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.accesslex.org
Where can I find the form 990 for Accesslex Institute?
Accesslex Institute's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.accesslex.org
Learn more at the official website: www.accesslex.org
Mission Statement of Accesslex Institute
Accesslex Institute, a membership-driven organization, is composed of approximately 200 American Bar Association (ABA)-approved nonprofit and state-affiliated law schools. The organization is committed to enhancing educational access for underrepresented students, increasing affordability, and providing lasting value in legal education. This commitment is realized through their research, grantmaking, policy analysis and advocacy, and educational services activities.
Accesslex Institute, with its rich history and adaptability, continuously evolves to address the ever-changing challenges and needs of students and institutions of higher education. As a prominent voice in each of its focus areas, the organization is driven by strategic initiatives and expanded programs designed to maintain the vibrancy and dynamism of its mission. Accesslex Institute's mission is geared towards improving educational access, affordability, and value in legal education for diverse and underrepresented students. Through its research, grantmaking, policy analysis, advocacy, and educational services, the organization aims to make a significant impact on the lives of students and the institutions they attend.
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Impact
October, 2024
AccessLex Institute significantly impacts student loan borrowers and the legal education landscape in the United States. By facilitating timely repayment through interest rate reduction incentives, it helps alleviate the financial burden on borrowers, ensuring they can manage their student loans more effectively. Their commitment to quality customer service includes offering counseling, issue resolution, and post-default management, which supports borrowers in navigating the complexities of repayment.
Additionally, AccessLex Institute plays a critical role in enhancing educational access for diverse and underrepresented students. Through its membership of approximately 200 American Bar Association-approved and state-affiliated law schools, the organization champions increased affordability and lasting value in legal education. This is actualized through research, grantmaking, policy analysis, and advocacy efforts, all aimed at addressing the evolving challenges faced by students and institutions.
As a leading voice in educational reform, AccessLex is dedicated to maintaining and nurturing a vibrant environment for legal education, ensuring that it remains accessible and relevant to current and future generations of law students.
This information is meant to be a general summary of Accesslex Institute. 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: $10,198,285
- Program Service Revenue: $79,199,718
- Gross Receipts: $143,743,407
Assets and Liabilities:
- Total Assets: $2,183,370,969
- Total Liabilities: $1,311,884,930
- Net Assets: $871,486,039
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN PROGRAM
Revenue
$79,199,718
Organization Details
Founding Year
1993
Principal Officer
Christopher Chapman
Website
www.accesslex.orgNTEE Category
Code: W60 - Public benefit
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