Overview
What is Lawyers Trust Fund Of Illinois?
The Lawyers Trust Fund of Illinois is a nonprofit organization situated in Chicago, Illinois. They are dedicated to granting funds to Illinois-based not-for-profit organizations that provide legal assistance to those in need. Their mission extends beyond just legal aid, as they also support programs that benefit the public, as approved by the Supreme Court of Illinois. The organization, which employs a team of six individuals, operates exclusively for public purposes.
Official website here: www.ltf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Lawyers Trust Fund Of Illinois has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored 100% in key areas such as having a majority of independent board members and maintaining effective oversight through an audit committee. This high level of governance contributes significantly to the trust placed in the organization by donors and stakeholders.
Financially, the fund demonstrates remarkable efficiency, with a program expense ratio of nearly 97%, indicating that almost all contributions are directed towards its mission. The liabilities to assets ratio is also healthy at 23.16%, showcasing a solid financial position. The presence of comprehensive policies such as conflict of interest and whistleblower protections further strengthens its operational integrity.
While the Lawyers Trust Fund Of Illinois shows outstanding performance in governance and financial management, the review does not highlight any specific limitations or concerns. Overall, this organization stands out as a model of transparency and effective use of resources, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lawyers Trust Fund Of Illinois legitimate?
Lawyers Trust Fund Of Illinois is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawyers Trust Fund Of Illinois 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: $194,124
Professional Fundraising Fees: $0
Other Salaries and Wages: $409,464
For more financial information, click here
Official website here: www.ltf.org
What is the mission statement of Lawyers Trust Fund Of Illinois?
The Lawyers Trust Fund of Illinois is a grant-providing organization with a mission to assist not-for-profit entities in Illinois. Their primary focus is on funding organizations that offer legal assistance to individuals in need. In addition to this, the organization may approve grants for public programs as determined by the Supreme Court of Illinois, solely for public purposes. The overarching goal is to improve access to legal services for the underprivileged population in Illinois.
Official website here: www.ltf.org
Who is the CEO of Lawyers Trust Fund Of Illinois?
Mark Marquardt is the Director/President of Lawyers Trust Fund Of Illinois.
Official website here: www.ltf.org
What is the revenue of Lawyers Trust Fund Of Illinois?
Lawyers Trust Fund Of Illinois's revenue in 2022 was $13,558,856.
Official website here: www.ltf.org
Who are the executives of Lawyers Trust Fund Of Illinois and what are their salaries?
The average compensation at Lawyers Trust Fund Of Illinois during 2022 was $100,598. There are 6 employees and 15 volunteers at Lawyers Trust Fund Of Illinois.
Here are 15 key members and their salaries:
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- Compensation: $129,162
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- Other: $33,827
- Compensation: $121,324
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- Other: $30,766
Official website here: www.ltf.org
Where can I find the form 990 for Lawyers Trust Fund Of Illinois?
Lawyers Trust Fund Of Illinois's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ltf.org
Learn more at the official website: www.ltf.org
Mission Statement of Lawyers Trust Fund Of Illinois
The Lawyers Trust Fund of Illinois is a grant-providing organization with a mission to aid not-for-profit entities in Illinois that offer legal assistance to the economically disadvantaged population. Established for public purposes, this entity distributes funds specifically to qualifying organizations that cater to the legal needs of the impoverished. By doing so, the Lawyers Trust Fund of Illinois contributes significantly to ensuring equal access to justice for individuals who otherwise might face insurmountable legal challenges due to their financial circumstances. In addition to its primary focus, the organization may also approve grants for other programs deemed beneficial to the public as determined by the Supreme Court of Illinois.
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Impact
October, 2024
The Lawyers Trust Fund of Illinois plays a vital role in enhancing access to justice for low-income individuals across the state. By providing grant funds to not-for-profit organizations that offer legal assistance, the Fund ensures that those in need can obtain crucial legal services, regardless of their financial situation. This support not only helps individuals navigate complex legal challenges but also promotes a more equitable legal system. Furthermore, the Fund's contributions extend to other programs approved by the Supreme Court of Illinois, furthering public benefit initiatives. Overall, its impact is significant in bridging the gap between the legal needs of the poor and the resources available to meet those needs.
This information is meant to be a general summary of Lawyers Trust Fund Of Illinois. 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 2022.
- Investment Income: $359,273
- Program Service Revenue: $13,191,582
- Gross Receipts: $28,026,484
Assets and Liabilities:
- Total Assets: $21,902,869
- Total Liabilities: $6,321,978
- Net Assets: $15,580,891
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEGAL AID FEES
Revenue
$7,180,053
IOLTA INCOME
Revenue
$5,887,299
UNIDENTIFIED IOLTA INCOME
Revenue
$124,230
Organization Details
Founding Year
1983
Phone
(312) 938-2906Principal Officer
Mark Marquardt
Main Address
65 EAST WACKER PLACE 1900, CHICAGO, IL, 60601
Website
www.ltf.orgNTEE Category
Code: T90Z - Philanthropy
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