Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,216,754

• 1f · All other contributions, gifts and grants

  $124,083

• 2a · Program service revenue: Continuing Legal Educa

  total $140,504 · related or exempt $140,504

• 2b · Program service revenue: Mock Trial Income

  total $9,427 · related or exempt $9,427

• 2c · Program service revenue: Sponsorship Revenue

  total $981 · related or exempt $981

• 2d · Program service revenue: Publication and Video

  total $570 · related or exempt $570

• 2f · All other program service revenue

  total $5,083 · related or exempt $5,083

• 3 · Investment income

  total $41,195 · excluded $41,195

• 6a · Gross rents

  real property $266,052

• 6b · Less rental expenses

  real property $95,336

• 6c · Rental income or loss

  real property $170,716

• 6d · Net rental income or loss

  total $170,716 · excluded $170,716

• 7a · Gross sales of assets other than inventory

  securities $609,846

• 7b · Less cost or other basis and sales expenses

  securities $529,995

• 7c · Gain or loss

  securities $79,851

• 7d · Net gain or loss

  total $79,851 · excluded $79,851

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $499,000 · program services $499,000

• 5 · Compensation of officers, directors and key employees

  total $44,964 · program services $4,428 · management and general $39,773 · fundraising $763

• 7 · Other salaries and wages

  total $410,113 · program services $317,325 · management and general $81,391 · fundraising $11,397

• 9 · Other employee benefits

  total $147,288 · program services $111,250 · management and general $31,965 · fundraising $4,073

• 11b · Fees: legal

  total $217 · program services $217

• 11c · Fees: accounting

  total $21,154 · program services $13,284 · management and general $6,617 · fundraising $1,253

• 13 · Office expenses

  total $14,609 · program services $9,129 · management and general $5,016 · fundraising $464

• 14 · Information technology

  total $23,938 · program services $18,933 · management and general $4,266 · fundraising $739

• 16 · Occupancy

  total $63,659 · program services $47,293 · management and general $14,338 · fundraising $2,028

• 17 · Travel

  total $2,966 · program services $362 · management and general $2,604

• 20 · Interest

  total $1,403 · program services $1,193 · management and general $140 · fundraising $70

• 22 · Depreciation, depletion and amortization

  total $10,358 · program services $8,962 · management and general $930 · fundraising $466

• 23 · Insurance

  total $8,384 · program services $3,771 · management and general $4,528 · fundraising $85

• 24a · Other expenses: Seminar Expense

  total $34,572 · program services $34,572

• 24b · Other expenses: Civic Education

  total $22,444 · program services $22,444

• 24c · Other expenses: Board & Committee Expen

  total $4,816 · program services $1,837 · management and general $2,887 · fundraising $92

• 24d · Other expenses: Fundraising & Developme

  total $1,683 · program services $1,683

• 24e · All other expenses

  total $29,385 · program services $16,767 · management and general $12,618

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,402,134 · end of year $1,701,723

• 2 · Savings and temporary cash investments

  beginning of year $532,479 · end of year $915,618

• 4 · Accounts receivable

  beginning of year $100,806 · end of year $93,408

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,270 · end of year $4,920

• 10a · Land, buildings and equipment: cost or other basis

  $1,834,709

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,138,433

• 10c · Land, buildings and equipment, net

  beginning of year $741,095 · end of year $696,276

• 11 · Investments: publicly traded securities

  beginning of year $984,831 · end of year $882,875

• 14 · Intangible assets

  beginning of year $1,965 · end of year $1,633

• 15 · Other assets

  beginning of year $109,424 · end of year $182,672

• 17 · Accounts payable and accrued expenses

  beginning of year $231,595 · end of year $220,711

• 18 · Grants payable

  beginning of year $150,970 · end of year $352,997

• 19 · Deferred revenue

  beginning of year $3,700 · end of year $4,920

• 23 · Secured mortgages and notes payable

  beginning of year $193,873 · end of year $164,661

• 27 · Net assets without donor restrictions

  beginning of year $2,083,522 · end of year $2,258,235

• 28 · Net assets with donor restrictions

  beginning of year $1,215,344 · end of year $1,477,601

The filer's explanations (Part III)

Part I, Line 3

The current and former Executive Directors, Maureen Braley and Diane Minnich, are employees of Idaho State Bar, an unrelated organization. Compensation and benefits for the Executive Directors are allocated back to Idaho Law Foundation (ILF). For 2024, compensation in the amount of $37,653 and benefits in the amount of $7,311 were allocated back to ILF. The Executive Director's compensation is reviewed annually by the Commissioners of the Idaho State Bar. Comparability data is used and the organization documents the process. A reasonableness study is conducted annually to ensure reasonableness of compensation.