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← ACC FOUNDATION

Form 990 for tax year 2022

Filed by ACC FOUNDATION.

Totals

Total revenue
$776,629
Total expenses
$931,310
Contributions and grants received
$679,659
Grants paid
$60,500
Program service revenue
$111,510
Investment income
$0
Other revenue
-$14,540
Total assets, end of year
$186,688
Total liabilities, end of year
$459,825
Net assets or fund balances, end of year
-$273,137
Program services expenses (Part IX)
$575,646
Management and general expenses
$355,664
Fundraising expenses
$0
Program service expenses (Part III)
$575,646

Program services were 61.8% 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

    $68,095

  • 1f · All other contributions, gifts and grants

    $611,564

  • 2a · Program service revenue: Event registrations

    total $111,510 · related or exempt $111,510

  • 8a · Fundraising events: gross income

    $44,100

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

    $68,095

  • 8b · Fundraising events: direct expenses

    $58,640

  • 8c · Net income from fundraising events

    total -$14,540 · excluded -$14,540

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,500 · program services $55,500

  • 3 · Grants to foreign organizations and individuals

    total $5,000 · program services $5,000

  • 11c · Fees: accounting

    total $12,833 · management and general $12,833

  • 13 · Office expenses

    total $63,761 · program services $38,000 · management and general $25,761

  • 17 · Travel

    total $104,273 · program services $102,925 · management and general $1,348

  • 19 · Conferences, conventions and meetings

    total $374,221 · program services $374,221

  • 24a · Other expenses: Reimbursed staff time

    total $315,722 · management and general $315,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $210,214 · end of year $110,094

  • 4 · Accounts receivable

    beginning of year $5,488 · end of year $22,987

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,061 · end of year $53,607

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,570 · end of year $49,976

  • 19 · Deferred revenue

    beginning of year $148,150 · end of year $146,675

  • 25 · Other liabilities

    beginning of year $175,499 · end of year $263,174

  • 27 · Net assets without donor restrictions

    beginning of year -$118,456 · end of year -$273,137

Mission and programs · 2022

Mission

The ACC Foundation, a 501(c)(3) nonprofit organization, supports the Association of Corporate Counsel and serves in-house counsel needs and their organizations by driving diversity, equity, and inclusion and pro bono initiatives by providing research, resources, leadership, and professional development opportunities.

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 $474,521 · Revenue $111,510

  • Diversity & Pro Bono: ACC Foundation supports various national diverse bar associations to further promote diversity and inclusion initiatives in the corporate legal profession. The ACC Foundation also looks to engage diverse counsel from corporate legal departments, law firms and legal service providers, by encouraging participation and sponsorship at the educational conferences and annual meetings of diverse legal bars. In addition to this support, we actively seek diverse counsel to participate in our own educational training and presentations, as well as opportunities for subject-matter experts to serve as faculty for ACC and/or ACC Foundation programs. ACC Foundation encourages pro bono activities that lend legal support to the members of local communities.

    Expenses $101,125 · Grants $60,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Veta T Richardson

    President

    Total calculated
    $594,577
    From this org
    $0
    From related orgs
    $532,102
    Other
    $62,475
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $409,960 related
    Bonus
    $0 + $122,142 related
    Other
    $0
    Deferred
    $0 + $45,300 related
    Nontaxable benefits
    $0 + $17,175 related
    Filer's total
    $0 + $594,577 related

  • Patricia J Trudeau

    Former Secretary/ Treasurer

    Total calculated
    $358,433
    From this org
    $0
    From related orgs
    $304,947
    Other
    $53,486
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,421 related
    Bonus
    $0 + $62,076 related
    Other
    $0 + $450 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $35,186 related
    Filer's total
    $0 + $358,433 related

  • Tori Payne

    Treasurer

    Total calculated
    $341,509
    From this org
    $0
    From related orgs
    $318,114
    Other
    $23,395
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,314 related
    Bonus
    $0 + $58,350 related
    Other
    $0 + $450 related
    Deferred
    $0 + $10,450 related
    Nontaxable benefits
    $0 + $12,945 related
    Filer's total
    $0 + $341,509 related

  • Jennifer Chen

    Executive Director

    Total calculated
    $221,211
    From this org
    $0
    From related orgs
    $181,773
    Other
    $39,438
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $0 + $160,563 related
    Bonus
    $0 + $20,760 related
    Other
    $0 + $450 related
    Deferred
    $0 + $18,098 related
    Nontaxable benefits
    $0 + $21,340 related
    Filer's total
    $0 + $221,211 related

  • Blake E Garcia

    Secretary

    Total calculated
    $203,467
    From this org
    $0
    From related orgs
    $174,956
    Other
    $28,511
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,455 related
    Bonus
    $0 + $15,231 related
    Other
    $0 + $270 related
    Deferred
    $0 + $18,416 related
    Nontaxable benefits
    $0 + $10,095 related
    Filer's total
    $0 + $203,467 related

  • Pamela Everhart

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gregory W Fortsch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Lu

    Director

    Total calculated
    $0
    Hours/week
    1

  • Monica Johnson

    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

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 4b
Association of Corporate Counsel established a 457(f) non-qualified deferred compensation plan for the benefit of selected executive employees of the Association.
Part I, Line 3:
The Foundation does not have any compensated employees, directors, or officers. 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'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

    Diversity & pro bono programs

  • ACC National Capital Region Chapter

    $6,000

    Diversity & 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
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202412279349301431

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