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← ACC FOUNDATION

Form 990 for tax year 2023

Filed by ACC FOUNDATION.

Totals

Total revenue
$968,057
Total expenses
$1,123,977
Contributions and grants received
$846,640
Grants paid
$35,000
Program service revenue
$180,224
Investment income
$0
Other revenue
-$58,807
Total assets, end of year
$371,436
Total liabilities, end of year
$800,493
Net assets or fund balances, end of year
-$429,057
Program services expenses (Part IX)
$538,758
Management and general expenses
$585,219
Fundraising expenses
$0
Program service expenses (Part III)
$538,758

Program services were 47.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $100,400

  • 1f · All other contributions, gifts and grants

    $746,240

  • 2a · Program service revenue: Event registrations

    total $180,224 · related or exempt $180,224

  • 8a · Fundraising events: gross income

    $54,950

  • 8a · Fundraising events: contributions included on line 1c

    $100,400

  • 8b · Fundraising events: direct expenses

    $113,757

  • 8c · Net income from fundraising events

    total -$58,807 · excluded -$58,807

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,000 · program services $35,000

  • 11c · Fees: accounting

    total $15,706 · management and general $15,706

  • 13 · Office expenses

    total $20,618 · program services $12,056 · management and general $8,562

  • 17 · Travel

    total $140,912 · program services $140,415 · management and general $497

  • 19 · Conferences, conventions and meetings

    total $351,287 · program services $351,287

  • 24a · Other expenses: Reimbursed staff time

    total $560,454 · management and general $560,454

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $110,094 · end of year $171,534

  • 4 · Accounts receivable

    beginning of year $22,987 · end of year $25,711

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,607 · end of year $174,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,976 · end of year $50,890

  • 19 · Deferred revenue

    beginning of year $146,675 · end of year $266,835

  • 25 · Other liabilities

    beginning of year $263,174 · end of year $482,768

  • 27 · Net assets without donor restrictions

    beginning of year -$273,137 · end of year -$429,057

Mission and programs · 2023

Mission

The ACC Foundation is a 501(c)(3) non-profit organization that supports the efforts of the Association of Corporate Counsel by serving the needs of the global in-house bar through education, the advancement of pro bono service, dissemination of research and surveys, leadership and professional development opportunities, and initiatives that help foster a culture of inclusiveness.

Activities or mission (Part I)

The ACC Foundation supports the efforts of the Association of Corporate Counsel- See Sch O

  • Leadership & Professional Development: The ACC Foundation conducts seminars, colloquia, meetings and other educational programs which advance the continuing professional education of attorneys employed by organizations in the private sector.

    Expenses $471,876 · Revenue $180,224

  • Inclusive Community and Pro Bono: The ACC Foundation supports various national bar associations to further promote inclusive initiatives within the corporate legal profession. The ACC Foundation also seeks to engage underrepresented counsel from corporate legal departments, law firms, and legal service providers by encouraging their participation and sponsorship at educational conferences and other meaningful programs that the ACC Foundation supports. In addition to this support, we actively engage counsel from underrepresented groups to participate in our own educational training and presentations, as well as provide opportunities for subject matter experts to serve as faculty for ACC and ACC Foundation programs. The ACC Foundation also encourages pro bono activities that provide legal support to local communities.

    Expenses $66,882 · Grants $35,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Veta T Richardson

    President

    Total calculated
    $755,698
    From this org
    $0
    From related orgs
    $563,534
    Other
    $192,164
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $563,534 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $178,049 related
    Nontaxable benefits
    $0 + $14,115 related
    Filer's total
    $0 + $755,698 related

  • Tori Payne

    Treasurer

    Total calculated
    $374,068
    From this org
    $0
    From related orgs
    $351,544
    Other
    $22,524
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,344 related
    Bonus
    $0 + $66,750 related
    Other
    $0 + $450 related
    Deferred
    $0 + $7,596 related
    Nontaxable benefits
    $0 + $14,928 related
    Filer's total
    $0 + $374,068 related

  • Blake E Garcia

    Secretary

    Total calculated
    $225,695
    From this org
    $0
    From related orgs
    $195,188
    Other
    $30,507
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,350 related
    Bonus
    $0 + $22,838 related
    Other
    $0
    Deferred
    $0 + $19,350 related
    Nontaxable benefits
    $0 + $11,157 related
    Filer's total
    $0 + $225,695 related

  • Gregory W Fortsch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Monica Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rudy Figueroa

    Director

    Total calculated
    $0
    Hours/week
    1

  • Adonica-Jo Wada

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anthony Sharett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Effie D Silva

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pamela Everhart

    Director through Oct. 2023

    Total calculated
    $0
    Hours/week
    1

  • Linda Lu

    Director through Oct. 2023

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Chen

    Executive Director

    Total calculated
    $239,977
    From this org
    $0
    From related orgs
    $203,831
    Other
    $36,146
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $0 + $181,151 related
    Bonus
    $0 + $22,680 related
    Other
    $0
    Deferred
    $0 + $21,534 related
    Nontaxable benefits
    $0 + $14,612 related
    Filer's total
    $0 + $239,977 related

  • Patricia J Trudeau

    Former Secretary/Treasurer

    Total calculated
    $376,207
    From this org
    $0
    From related orgs
    $319,032
    Other
    $57,175
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,023 related
    Bonus
    $0 + $64,559 related
    Other
    $0 + $450 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $37,375 related
    Filer's total
    $0 + $376,207 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The Foundation does not have any compensated employees, directors, or officers. All compensation is paid by Association of Corporate Counsel, a related organization. Association of Corporate Counsel's methods for establishing compensation of the top management officials include: Compensation committee Independent compensation consultant Written employment contract Compensation survey or study Approval by the board or compensation committee
Part I, Line 4b
Association of Corporate Counselhas a non-qualified deferred compensation plan under Section 457(f) to provide supplemental retirement benefits to the CEO. During calendar year 2023, the Association contributed $128,249 to the plan, which has been included in Schedule J, Part II, Line 1, column (C).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ACC Louisiana Chapter

    $10,000

    Inclusion initiatives and pro bono programs

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Association of Corporate Counsel Asia Pacific Ltd

    C · Promotion and improvement of the common business interests of lawyers. · AS

  • Association of Corporate Counsel East Asia Ltd

    C · Promotion and improvement of the common business interests of lawyers. · HK

Provenance

Return type
form_990
Tax year
2023
Filed
8 July 2025
IRS schema version
2023v6.0
Source object
202521899349301147

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