Corporate Legal Operations Consortium Inc

Nonprofit profile at a glance

EIN
810946810
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
West Hollywood, CA, USA
Phone
8772064699
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$8,647,939
Expenses
$7,614,194
Assets
$11,131,943
Liabilities
$1,929,489

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • JENN MCCARRON (PRESIDENT)
  • FARRAH PEPPER (VICE PRESIDENT)
  • LISA KONIE (INTERIM EXECUTIVE DIRECTOR)
  • OYANGO SNELL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LISA KONIE (INTERIM EXECUTIVE DIRECTOR): $296,077 total reported compensation
  • NICOLE COTE (HEAD OF EVENTS): $213,570 total reported compensation
  • ANGELA DEN TEX (HEAD OF MARKETING): $208,320 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cloc is the leading global legal operations community transforming the business and practice of law. Cloc supports its members through three core principles of community, content, and conversation.

What it reported doing in 2024

In 2024, the corporate legal operations consortium, inc. (cloc) continued its mission to optimize the operation of corporate legal departments and the delivery of legal services through a range of educational, networking, and industry collaboration initiatives. Cloc ended the year with about 6,300 members across almost 1,000 companies globally, representing legal operations professionals and legal service providers from small, medium, and large businesses, government entities, and academic institutions.cloc's key accomplishments for 2024 comprised of organizing both in-person and virtual events, including the highly attended cloc global institute (cgi), which featured over 70 educational sessions, roundtables, and networking opportunities. Cgi along with regional summits (emea summit and apac summit) and other programs enabled legal professionals to stay updated on industry trends, tools, and best practices, fostering a collaborative environment for driving efficiency in the business of law. Cgi saw attendance of over 2,300 professionals and the emea sumit in london saw attendance of 261 and the apac summit saw attendance of 176. These events combined with the first ever cloc talk live nyc and the California bay area holiday bash reached our members from coast to coast in the USA as well as overseas. Cloc supported its members by offering real-time education, networking, and professional development opportunities, such as webinars and regional meet ups, that help legal operations professionals run their organizations more effectively, fostering growth and excellence across the industry. Just a few of the exciting topics in the cloc ask-the-experts webinar series were around deib, generative ai, contract lifecycle management, and many others.cloc also expanded membership into brazil with a regional event on january 18, 2024. This was well attended and cloc plans to host a tour of events in brazil in 2025.

Operating model

Revenue model
Other-operating. 96% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 86
  • Accountability: 63
  • Sustainability: 53
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 1.46; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 19%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 13.3% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 18.2% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 3 of 5 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $296K · 15 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 4 filed schedules · includes grants and executive pay
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • 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.

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.