Adapt Legal Inc
Nonprofit profile at a glance
- EIN
- 932677547
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Scottsdale, AZ, USA
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Research Institutes and/or Public Policy Analysis
Reported finances
- Revenue
- $63,000
- Expenses
- $1,973
- Assets
- $61,027
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Gail Su (President)
- Judy Yee (Vice President)
People named in this filing
- Gail Su (President)
- Judy Yee (Vice President)
- Jessica Thomson (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission to foster diversity equity and inclusion in the IP profession comprises three main pillars: 1 creating opportunities for mentorship and outreach; 2 improving the accessibility of existing DEI programs and educating employers about DEI in the profession; and 3 studying the current state of diversity equity and inclusion practices and employment conditions for historically underrepresented groups in the profession using machine learning and other AI tools.
What it reported doing in 2024
ADAPT.legal ran a mentorship program for students and early-mid career IP professionals in 2024. Provided a database of Programs & Templates to help teams in law firms in-house etc. launch DEI IP-pipeline initiatives.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 100
- Sustainability: 82
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 3.1%; rating input score 3
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 96.9%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 30.93; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 3.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.