North Suburban Bar Association

Nonprofit profile at a glance

EIN
363967826
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Chicago, IL, USA
Phone
8778295500
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$59,893
Expenses
$65,948
Assets
$39,315
Liabilities
$5,476

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

Leadership & pay

35 people listed

Executive titles in this filing

  • KRISTIN B MCCARTHY (1ST VICE PRESIDENT)
  • HON PAMELA STRATIGAKIS (2ND VICE PRESIDENT)
  • JEFFREY MOSKOWITZ (3RD VICE PRESIDENT)
  • ADAM SHEPPARD (4TH VICE PRESIDENT)
  • MK GAMBLE (IMMEDIATE PAST PRESIDENT)
  • ED GRAZIANO (EXECUTIVE DIRECTOR)

People named in this filing

  • HON FRANK ANDREOU (DIRECTOR)
  • HON STEVEN BERNSTEIN (DIRECTOR)
  • MICHAEL CABONARGI (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To provide scholarships to individuals in need who are pursuing a career in the legal profession.

What it reported doing in 2024

As a tax exempt 501(c)(3) entity, the foundations mission and purpose is to identify individuals in financial need who have demonstrated a desire and intent to join the legal community by taking affirmative steps which reflect the same, and to provide those individuals with funds in the form of scholarships for the specific purpose of continuing to pursue a career in the legal profession including but not limited to expenses related to: the study, or taking of the lsat or any other standardized testing required for the application to an accredited law school program; application to an accredited law school; enrollment in any accredited law school; and other law school educational expenses.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -10.1%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -3% per year; rating input score 0; 42nd percentile among comparable filings
  • Revenue growth: -13.3% per year; rating input score 0; 27th percentile among comparable filings
  • Asset growth: -24.3% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 35 of 35 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $66K in reported program spending
  • Leadership: top reported pay $0 · 35 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.