Overview
What is Colorado Lawyer Trust Account Foundation?
The Colorado Lawyer Trust Account Foundation, based in Denver, Colorado, is a nonprofit organization with a mission to support legal services, pro bono initiatives, and legal education programs. Their work involves providing funding for various projects aimed at making legal assistance more accessible and ensuring that individuals have the opportunity to navigate legal issues, regardless of their financial situation. By investing in these areas, the foundation contributes to the advancement of justice and education within the legal field in Colorado.
Official website here: www.coltaf.org
What are the reviews and ratings of this charity?
The Colorado Lawyer Trust Account Foundation boasts a high score of 96% from Charity Navigator, securing a Four-Star out of Four Star rating. This rating is grounded in its strong Accountability & Finance metrics, with comprehensive historical ratings based on similar criteria, ensuring financial integrity and ethical governance. Board independence is evident, with 93% of members being independent, reinforcing transparent decision-making processes.
The organization excels in financial management, illustrated by a perfect score for its program expense ratio at 93.89%, and an impressive liabilities to assets ratio of 36.82%. Its policies for conflict of interest, whistleblower protection, and document retention are well-documented, contributing to its exceptional accountability standing.
However, there are areas for improvement, such as posting its tax form on its website, which did not score points on Charity Navigator. Additionally, the ratings do not currently evaluate factors like Impact & Measurement or Leadership & Adaptability, indicating potential areas for growth in measuring these aspects, although these do not detract from its overall financial excellence.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Lawyer Trust Account Foundation legitimate?
Colorado Lawyer Trust Account Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Lawyer Trust Account Foundation 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: $61,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,694
For more financial information, click here
Official website here: www.coltaf.org
What is the mission statement of Colorado Lawyer Trust Account Foundation?
The Colorado Lawyer Trust Account Foundation's mission is centered around funding various initiatives. Specifically, it focuses on providing financial support for legal services, pro bono projects, and legal education programs. By undertaking these activities, the foundation aims to make legal assistance more accessible and promote legal education, thereby contributing to the broader legal community.
Official website here: www.coltaf.org
Who is the CEO of Colorado Lawyer Trust Account Foundation?
Diana M Poole is the Executive Dir. of Colorado Lawyer Trust Account Foundation.
Official website here: www.coltaf.org
What is the revenue of Colorado Lawyer Trust Account Foundation?
Colorado Lawyer Trust Account Foundation's revenue in 2023 was $11,405,287.
Official website here: www.coltaf.org
Who are the executives of Colorado Lawyer Trust Account Foundation and what are their salaries?
There 16 volunteers at Colorado Lawyer Trust Account Foundation.
Here are 17 key members and their salaries:
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Official website here: www.coltaf.org
Where can I find the form 990 for Colorado Lawyer Trust Account Foundation?
Colorado Lawyer Trust Account Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.coltaf.org
Learn more at the official website: www.coltaf.org
Mission Statement of Colorado Lawyer Trust Account Foundation
The Colorado Lawyer Trust Account Foundation is committed to advancing its mission by providing funding for various legal services, pro-bono projects, and educational initiatives. This nonprofit organization focuses on supporting initiatives that aim to make legal assistance more accessible and affordable for individuals in need. By investing in these projects, the Colorado Lawyer Trust Account Foundation seeks to ensure that justice is not only attainable but also equitable for all. Their efforts extend beyond financial support, as they also contribute to legal education programs, furthering the knowledge and skills of legal professionals and advocates. By fostering a strong legal community through these initiatives, the Colorado Lawyer Trust Account Foundation is instrumental in upholding the principles of justice and equality in society.
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Impact
July, 2024
The Colorado Lawyer Trust Account Foundation's impact is significant in funding legal services, pro-bono work, and legal education projects. This foundation based in Denver, CO, plays a crucial role in supporting access to justice for those in need through their funding initiatives. Their work directly helps individuals facing legal challenges, promotes pro-bono services, and enhances legal education programs, ultimately contributing to a more just and equitable society.
This information is meant to be a general summary of Colorado Lawyer Trust Account Foundation. 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 2023.
- Investment Income: $262,590
- Program Service Revenue: $11,064,903
- Gross Receipts: $11,405,287
Assets and Liabilities:
- Total Assets: $15,689,108
- Total Liabilities: $5,778,257
- Net Assets: $9,910,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRUST ACCOUNT INCOME
Revenue
$11,064,903
Organization Details
Founding Year
1982
Phone
(303) 863-7221Principal Officer
Diana M Poole
Main Address
1120 LINCOLN STREET 701, DENVER, CO, 80203
Website
www.coltaf.orgNTEE Category
Code: I42I - Crime
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