Law Rocks Inc

Nonprofit profile at a glance

EIN
453264456
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-N 2012
Location
El Segundo, CA, USA
Phone
3108199011
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$1,420,514
Expenses
$1,199,099
Assets
$1,178,831
Liabilities
$0

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

Leadership & pay

15 people listed

Executive titles in this filing

  • TED SCOTT (PRESIDENT & CEO)

Highest reported compensation

  • OMA CRAWFORD (DIRECTOR OF MARKETING & DEVELOPMENT): $145,809 total reported compensation

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

Overview

Mission

The specific purpose of this organization is to promote music education for underprivileged youth and raise funds for local nonprofit organizations by combining the power of music and the generosity of the global legal community. To enhance their mission law rocks, inc. Is focusing on promoting music education for underprivileged youth and raising funds for local nonprofit organizations by combining the power of music and generosity of the global legal community. Law rocks, inc. Provides an opportunity for the global legal community to bring attention and funding to deserving local nonprofits. Our vision is to make a real difference in cities around the world by raising funds and attention for local organizations that change local lives. So far law rocks, inc. Has toured to 24 cities and five continents with our signature combination of rock-n-roll and charitable giving.

What it reported doing in 2024

Law rocks provides an opportunity for the global legal community to bring attention and funding to deserving local nonprofits. Our vision is to make a real difference in cities around the world by raising funds and attention for local organizations that change local lives. A key component of law rocks' mission is to promote music education for underserved youth; we believe every young person should have the opportunity to experience the power of music. In 2024, we amped up our support for the cause by establishing the music matters grant. This grant is given to a local nonprofit that supports youth music education in each of our u.s. Tour cities. So far law rocks has raised $7 million and toured to 30 cities and five continents with our signature combination of rock-n-roll and charitable giving. In 2024, there were ten live concerts.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 74% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 94
  • Accountability: 88
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.6%; rating input score 73
  • Program expense ratio: 79.1%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 15.6%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 0.98; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 12.2%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 11.7% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 13.7% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 22.4% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 72.6% of revenue deployed · 79.1% of spending went to programs
  • Governance: 13 of 13 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $949K in reported program spending
  • Leadership: top reported pay $146K · 15 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 44 filed money-flow records
  • Related organizations: 43 filed related-organization links
  • 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: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.