The Associates Committee

Nonprofit profile at a glance

EIN
811023925
IRS 990-EZ coverage
2016–2020
Forms available
Form 990-EZ 2020, Form 990-N 2015
Location
Los Angeles, CA, USA
Phone
8569521275
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$2,000
Expenses
$52,560
Assets
$25,551

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

13 people listed

People named in this filing

  • Seema Karnath (LA Chair)
  • Aaron Ver (BayArea coChair)
  • Bhav Singh (NYC coChair)

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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is two-fold: we want to support organizations at the cutting edge of public interest advocacy, and we want to encourage philanthropy and civic engagement among young corporate lawyers. We do this by awarding grants to non-profits that provide pro-bono legal services. All grants are funded by contributions from members.

What it reported doing in 2020

In its third full year of operation, The Associates' Committee achieved its dual mission of supporting legal aid groups and increasing philanthropy and civic engagement among young corporate lawyers. It did so by signing up 200 young lawyers as members of The Associates' Committee (with each eventually contributing the member contributions that would constitute the grant funds).

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 14
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2,528%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 21; 21st 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: -37% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -50.5% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 3.8% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $53K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2016 to 2020
  • 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 — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.