Totals
- Total revenue
- $1,062,030
- Total expenses
- $1,215,155
- Contributions and grants received
- $982,412
- Grants paid
- $35,289
- Program service revenue
- $148,371
- Investment income
- $0
- Other revenue
- -$68,753
- Total assets, end of year
- $337,406
- Total liabilities, end of year
- $919,588
- Net assets or fund balances, end of year
- -$582,182
- Program services expenses (Part IX)
- $1,158,897
- Management and general expenses
- $56,258
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,158,897
Program services were 95.4% 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
$108,340
-
1f · All other contributions, gifts and grants
$874,072
-
2a · Program service revenue: Event registrations
total $148,371 · related or exempt $148,371
-
8a · Fundraising events: gross income
$54,950
-
8a · Fundraising events: contributions included on line 1c
$108,340
-
8b · Fundraising events: direct expenses
$123,703
-
8c · Net income from fundraising events
total -$68,753 · excluded -$68,753
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $35,289 · program services $35,289
-
11c · Fees: accounting
total $15,519 · management and general $15,519
-
13 · Office expenses
total $25,593 · program services $14,000 · management and general $11,593
-
19 · Conferences, conventions and meetings
total $555,836 · program services $555,836
-
24a · Other expenses: Reimbursed staff time
total $582,918 · program services $553,772 · management and general $29,146
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $171,534 · end of year $129,852
-
4 · Accounts receivable
beginning of year $25,711 · end of year $71,093
-
9 · Prepaid expenses and deferred charges
beginning of year $174,191 · end of year $136,461
-
17 · Accounts payable and accrued expenses
beginning of year $50,890 · end of year $7,469
-
19 · Deferred revenue
beginning of year $266,835 · end of year $244,855
-
25 · Other liabilities
beginning of year $482,768 · end of year $667,264
-
27 · Net assets without donor restrictions
beginning of year -$429,057 · end of year -$582,182
Mission and programs · 2024
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 $1,107,219 · Revenue $148,371
-
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 $51,678 · Grants $35,289
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Veta T Richardson
President
- Total calculated
- $785,393
- From this org
- $0
- From related orgs
- $584,088
- Other
- $201,305
- Hours/week
- 1 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $584,088 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $185,861 related
- Nontaxable benefits
- $0 + $15,444 related
- Filer's total
- $0 + $785,393 related
-
Tori Payne
Treasurer
- Total calculated
- $399,411
- From this org
- $0
- From related orgs
- $365,371
- Other
- $34,040
- Hours/week
- 1 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $294,833 related
- Bonus
- $0 + $70,088 related
- Other
- $0 + $450 related
- Deferred
- $0 + $17,715 related
- Nontaxable benefits
- $0 + $16,325 related
- Filer's total
- $0 + $399,411 related
-
Amy Chai
Secretary
- Total calculated
- $266,304
- From this org
- $0
- From related orgs
- $231,688
- Other
- $34,616
- Hours/week
- 1 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $203,113 related
- Bonus
- $0 + $28,125 related
- Other
- $0 + $450 related
- Deferred
- $0 + $30,266 related
- Nontaxable benefits
- $0 + $4,350 related
- Filer's total
- $0 + $266,304 related
-
Colleen Collins
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
-
Nikki Lewis Simon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Effie D Silva
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anthony Sharett
Director through January 2025
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Chen
Executive Director
- Total calculated
- $253,004
- From this org
- $0
- From related orgs
- $214,829
- Other
- $38,175
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $0 + $187,371 related
- Bonus
- $0 + $27,008 related
- Other
- $0 + $450 related
- Deferred
- $0 + $23,000 related
- Nontaxable benefits
- $0 + $15,175 related
- Filer's total
- $0 + $253,004 related
-
Blake E Garcia
Former Secretary
- Total calculated
- $233,706
- From this org
- $0
- From related orgs
- $204,534
- Other
- $29,172
- Hours/week
- 0 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $178,754 related
- Bonus
- $0 + $25,510 related
- Other
- $0 + $270 related
- Deferred
- $0 + $17,747 related
- Nontaxable benefits
- $0 + $11,425 related
- Filer's total
- $0 + $233,706 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 Counsel has a non-qualified deferred compensation plan under Section 457(f) to provide supplemental retirement benefits to the CEO. During calendar year 2024, the Association contributed $________ 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
No itemized grants to organizations on this return.
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.
-
Association of Corporate Counsel
501(c)(6) · See Part VII · DC
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
- 2024
- Filed
- 12 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202632249349300623
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