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Nonprofiteer
← LAWSCHOOL ADMISSIONS COUNCIL INC

Form 990 for tax year 2022

Filed by LAWSCHOOL ADMISSIONS COUNCIL INC.

Totals

Total revenue
$97,577,683
Total expenses
$114,057,410
Contributions and grants received
$1,628
Grants paid
$1,858,857
Program service revenue
$86,444,255
Investment income
$9,337,552
Other revenue
$1,794,248
Total assets, end of year
$276,647,279
Total liabilities, end of year
$38,311,755
Net assets or fund balances, end of year
$238,335,524
Program services expenses (Part IX)
$112,686,190
Management and general expenses
$1,371,220
Fundraising expenses
$0
Program service expenses (Part III)
$112,686,190

Program services were 98.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,628

  • 2a · Program service revenue: ADMISSION FEES: LSAT

    total $42,784,565 · related or exempt $42,784,565

  • 2b · Program service revenue: ADMISSION FEES: CAS

    total $30,003,215 · related or exempt $30,003,215

  • 2c · Program service revenue: LAWHUB

    total $9,542,956 · related or exempt $9,542,956

  • 2d · Program service revenue: FOREIGN LLM

    total $2,174,271 · related or exempt $2,174,271

  • 2e · Program service revenue: DATA SERVICE FEES

    total $1,244,798 · related or exempt $1,244,798

  • 2f · All other program service revenue

    total $694,450 · related or exempt $694,450

  • 3 · Investment income

    total $2,133,500 · related or exempt $2,133,500

  • 7a · Gross sales of assets other than inventory

    securities $7,204,052

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

    securities $0

  • 7c · Gain or loss

    securities $7,204,052

  • 7d · Net gain or loss

    total $7,204,052 · related or exempt $7,204,052

  • 10a · Gross sales of inventory

    $611,339

  • 10b · Cost of goods sold

    $174,528

  • 10c · Net income from sales of inventory

    total $436,811 · related or exempt $436,811

  • 11a · Other revenue: LICENSING FEE

    total $562,153 · related or exempt $562,153

  • 11b · Other revenue: OTHER OPERATING INCOME

    total $460,887 · related or exempt $460,887

  • 11c · Other revenue: OTHER INCOME

    total $334,397 · related or exempt $334,397

  • 11e · Other revenue, total

    $1,357,437

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,858,857 · program services $1,858,857

  • 7 · Other salaries and wages

    total $41,748,940 · program services $41,748,940

  • 8 · Pension plan contributions

    total $2,797,764 · program services $2,797,764

  • 9 · Other employee benefits

    total $7,082,869 · program services $7,082,869

  • 10 · Payroll taxes

    total $2,915,498 · program services $2,915,498

  • 11b · Fees: legal

    total $756,869 · management and general $756,869

  • 11c · Fees: accounting

    total $98,046 · management and general $98,046

  • 11f · Fees: investment management

    total $516,305 · management and general $516,305

  • 11g · Fees: other

    total $10,104,314 · program services $10,104,314

  • 12 · Advertising and promotion

    total $196,252 · program services $196,252

  • 13 · Office expenses

    total $3,919,168 · program services $3,919,168

  • 14 · Information technology

    total $6,265,714 · program services $6,265,714

  • 16 · Occupancy

    total $588,281 · program services $588,281

  • 17 · Travel

    total $3,977,900 · program services $3,977,900

  • 19 · Conferences, conventions and meetings

    total $368,796 · program services $368,796

  • 20 · Interest

    total $1,194 · program services $1,194

  • 22 · Depreciation, depletion and amortization

    total $5,855,749 · program services $5,855,749

  • 23 · Insurance

    total $663,518 · program services $663,518

  • 24a · Other expenses: TEST ADMINISTRATION

    total $9,377,652 · program services $9,377,652

  • 24b · Other expenses: FEE WAIVER

    total $9,044,334 · program services $9,044,334

  • 24c · Other expenses: SALES TAX AND OTHER TAX

    total $4,031,869 · program services $4,031,869

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $1,495,632 · program services $1,495,632

  • 24e · All other expenses

    total $391,889 · program services $391,889

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,767,860 · end of year $4,948,240

  • 2 · Savings and temporary cash investments

    beginning of year $17,727,846 · end of year $11,738,479

  • 4 · Accounts receivable

    beginning of year $2,284,202 · end of year $2,372,525

  • 8 · Inventories for sale or use

    beginning of year $166,460 · end of year $202,501

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,135,687 · end of year $3,374,960

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

    $44,847,867

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

    $35,376,721

  • 10c · Land, buildings and equipment, net

    beginning of year $11,911,135 · end of year $9,471,146

  • 11 · Investments: publicly traded securities

    beginning of year $21,380,400

  • 12 · Investments: other securities

    beginning of year $197,110,750 · end of year $217,431,828

  • 14 · Intangible assets

    beginning of year $23,216,288 · end of year $26,881,254

  • 15 · Other assets

    beginning of year $459,881 · end of year $226,346

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,974,877 · end of year $11,788,218

  • 19 · Deferred revenue

    beginning of year $14,967,443 · end of year $15,449,494

  • 23 · Secured mortgages and notes payable

    beginning of year $47,015 · end of year $23,451

  • 25 · Other liabilities

    beginning of year $10,980,110 · end of year $11,050,592

  • 27 · Net assets without donor restrictions

    beginning of year $245,191,064 · end of year $238,335,524

Mission and programs · 2022

Mission

LSAC IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO ADVANCE LAW AND JUSTICE BY PROMOTING ACCESS, EQUITY, AND FAIRNESS IN LAW SCHOOL ADMISSION AND SUPPORTING THE LEARNING JOURNEY FROM PRELAW THROUGH PRACTICE. LSAC PROVIDES PRODUCTS AND SERVICES THAT SUPPORT CANDIDATES AND SCHOOLS THROUGHOUT THE LAW SCHOOL ADMISSION PROCESS, AND INNOVATIVE SOLUTIONS TO EXPAND AND DIVERSIFY THE RANGE OF PRELAW STUDENTS, ENHANCE STUDENT OUTCOMES IN LAW SCHOOL, AND SUPPORT LEGAL PROFESSIONALS THROUGHOUT THEIR CAREERS.

  • ADMINISTERED LAW SCHOOL ADMISSION TESTS (LSAT). PROVIDED THE LAW SCHOOL CREDENTIAL ASSEMBLY SERVICE (CAS) FOR CANDIDATES. PREPARED AND SENT REPORTS TO LAW SCHOOLS ON BEHALF OF CANDIDATES, CONDUCTED EDUCATIONAL RESEARCH FOR THE LEGAL COMMUNITY.

    Expenses $58,496,075 · Grants $115,762 · Revenue $73,990,394

  • HELD IN-PERSON AND DIGITAL NATIONAL LAW SCHOOL FORUMS TO ACQUAINT STUDENTS WITH THEIR LEGAL EDUCATION ALTERNATIVES. HELD VARIOUS TRAINING AND EDUCATION PROGRAMS FOR MEMBER LAW SCHOOL ADMISSION PROFESSIONALS. LAW SCHOOL TRANSPARENCY (LST) HELPS PRELAW STUDENTS MAKE STRATEGIC CHOICES ABOUT WHERE TO ATTEND LAW SCHOOL. THERE WERE MANY NEW SUBSCRIBERS AND ENROLLMENTS. LEARN SKILLS THAT WILL HELP YOU SUCCEED FROM EXPERTS ACROSS THE PROFESSION VIA THE MODERN LAW PRACTICE (MLP).

    Expenses $5,039,349 · Revenue $694,450

  • CONDUCTED PROGRAM AND RESEARCH IN ADVANCEMENT OF UNDERREPRESENTED INDIVIDUALS IN LEGAL EDUCATION.

    Expenses $8,433,335 · Grants $1,537,113 · Revenue $60,083

  • DEVELOPED AND MAINTAINED LAW SCHOOL ADMISSIONS LSAC SOFTWARE FOR LAW SCHOOLS. PROVIDED ONLINE TEST PREP TO NEW SUBSCRIBERS THROUGH LAWHUB.

    Expenses $40,717,431 · Revenue $13,055,778

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

Listed in Part VII

  • Kellye Y Testy

    PRESIDENT AND CEO

    Total calculated
    $830,912
    From this org
    $802,747
    From related orgs
    $0
    Other
    $28,165
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $777,747
    Bonus
    $25,000
    Other
    $0
    Deferred
    $23,638
    Nontaxable benefits
    $4,527
    Filer's total
    $830,912

  • Elena Maria Marty-Nelson

    ASSESSMENTS COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Elizabeth Kronk Warner

    CHAIR, AUDIT; CHAIR, EXECUTIVE COMPENSATION

    Total calculated
    $0
    Hours/week
    1.5

  • Jannell Ludy Roberts

    CHAIR, EMERGING MARKETS AND INNOVATION

    Total calculated
    $0
    Hours/week
    1.5

  • Justin Cruz

    APPOINTEE-AT-LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • Robert Schwartz

    CHAIR, SCHOOLS AND CANDIDATES

    Total calculated
    $0
    Hours/week
    1.5

  • Shani Butts

    CHAIR, DIVERSITY, EQUITY AND INCLUSION

    Total calculated
    $0
    Hours/week
    1.5

  • Sondra Tennessee

    APPOINTEE-AT-LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • Tamara Lawson

    CHAIR, FINANCE AND BUDGET

    Total calculated
    $0
    Hours/week
    1.5

  • Marcilynn Burke

    BOARD CHAIR (JUNE 2023); CHAIR, GOVERNANCE AND TRU

    Total calculated
    $0
    Hours/week
    1.5

  • Angela Onwuachi-Willig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Ann Perry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Christina Gapasin Tortal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Sarah C Zearfoss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • John Valery White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Megan Carpenter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Monica Ingram

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Mya Rimon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Patricia Roberts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Rebecca Scheller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Reynaldo Velencia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Ana Tavares

    CHIEF FINANCIAL OFFICER

    Total calculated
    $542,636
    From this org
    $499,974
    From related orgs
    $0
    Other
    $42,662
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $474,974
    Bonus
    $25,000
    Other
    $0
    Deferred
    $22,494
    Nontaxable benefits
    $20,168
    Filer's total
    $542,636

  • Susan Krinsky

    CHIEF OPERATIONS OFFICER AND CHIEF OF STAFF

    Total calculated
    $516,928
    From this org
    $479,313
    From related orgs
    $0
    Other
    $37,615
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $479,313
    Bonus
    $0
    Other
    $0
    Deferred
    $22,494
    Nontaxable benefits
    $15,121
    Filer's total
    $516,928

  • Annmarie Levins

    CHIEF STRATEGY OFFICER

    Total calculated
    $522,258
    From this org
    $466,195
    From related orgs
    $0
    Other
    $56,063
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $451,195
    Bonus
    $15,000
    Other
    $0
    Deferred
    $22,494
    Nontaxable benefits
    $33,569
    Filer's total
    $522,258

  • Amy Beth Dambeck

    GENERAL COUNSEL AND CORPORATE SECRETARY

    Total calculated
    $370,393
    From this org
    $341,243
    From related orgs
    $0
    Other
    $29,150
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $341,243
    Bonus
    $0
    Other
    $0
    Deferred
    $22,021
    Nontaxable benefits
    $7,129
    Filer's total
    $370,393

  • Troy Lowry

    CHIEF INFORMATION OFFICER

    Total calculated
    $441,655
    From this org
    $398,740
    From related orgs
    $0
    Other
    $42,915
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $387,740
    Bonus
    $11,000
    Other
    $0
    Deferred
    $22,081
    Nontaxable benefits
    $20,834
    Filer's total
    $441,655

  • Vivian Bowden

    SENIOR VICE PRESIDENT SCHOOLS AND INSTITUTIONS

    Total calculated
    $415,687
    From this org
    $377,957
    From related orgs
    $0
    Other
    $37,730
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $367,457
    Bonus
    $10,500
    Other
    $0
    Deferred
    $23,433
    Nontaxable benefits
    $14,297
    Filer's total
    $415,687

  • Leanne M Shank

    GENERAL COUNSEL (OUTGOING)

    Total calculated
    $429,752
    From this org
    $390,071
    From related orgs
    $0
    Other
    $39,681
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $390,071
    Bonus
    $0
    Other
    $0
    Deferred
    $22,494
    Nontaxable benefits
    $17,187
    Filer's total
    $429,752

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

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE BOARD APPROVES COMPENSATION, INCLUDING BONUS FOR THE PRESIDENT AND CEO. ALL OTHER BONUSES ARE DETERMINED BY THE CEO.

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

The 10 largest by cash amount. The API serves every itemized grant.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • LSAG INDIA LLP

    RELATED · EDUCATIONAL SERVICES · IN · 99.99% owned

    Directly controlled by LSAC

Provenance

Return type
form_990
Tax year
2022
Filed
11 April 2024
IRS schema version
2022v5.0
Source object
202411029349301311

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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