TerraLex Inc
Nonprofit profile at a glance
- EIN
- 650189074
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Miami Lakes, FL, USA
- Phone
- 3055390001
- Rating confidence
- Limited
Reported finances
- Revenue
- $4,115,526
- Expenses
- $4,049,973
- Assets
- $2,284,777
- Liabilities
- $57,400
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
37 people listed
Executive titles in this filing
- Terri Pepper (Chief Executive Officer)
Highest reported compensation
- Terri Pepper (Chief Executive Officer): $394,707 total reported compensation
- Derek Humphery-Smith (Chair): $252,004 total reported compensation
- Timothy E Shannon Jr (Regional Director, Asia-Pacific): $210,707 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule OTo help member firms serve their clients' legal needs and business interests by providing meetings, educational sessions, and electronic communications in order to share information on developments and applications of the law, by developing close working relationships within a worldwide network of quality law firms that meet high professional standards.
What it reported doing in 2025
Meetings: TerraLex hosts global and regional meetings for members. These meetings include educational programs; updates by leading experts; member collaboration sessions; Board meetings; and other member opportunities.Webinars: TerraLex produces webinars to promote the thought leadership of its members to the client community, to aid members in making connections and generating new business.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program 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: 46
- Accountability: 95
- Sustainability: 29
- 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: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Missing
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: 1.6%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 41.9%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.6% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 25 of 25 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $395K · 37 people listed · 2 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes foreign activity and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 8 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Officer compensation ratio scored 3/100.