PENNSYLVANIA INTEREST ON LAWYER TRUST ACCOUNTS BOARD

EIN: 251802119 501(c)(3)

HARRISBURG, PA

Total Revenue
$69,481,812
Total Expenses
$37,333,227
Total Assets
$128,721,059
Net Assets
$127,034,362
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
PA
Principal Officer
STEPHANIE S LIBHART
Phone
7172382001
Tax Period
2024-07-01 to 2025-06-30

PENNSYLVANIA INTEREST ON LAWYER TRUST ACCOUNTS BOARD, founded in 1996, is a mid-sized nonprofit that reported $69.5M in total revenue in fiscal year 2024. The organization ran a surplus of $32.1M, a strong 46% operating margin.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO AWARD GRANTS FOR (A) THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY NON-PROFIT CORPORATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; (B) THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY CLINICAL AND INTERNSHIP PROGRAMS ADMINISTERED BY LAW SCHOOLS LOCATED IN PENNSYLVANIA; AND (C) THE ADMINISTRATION OF JUSTICE IN PENNSYLVANIA.

Program Service Accomplishments

Program 1
Expenses: $34,603,831

FACILITATE AND AWARD GRANTS FOR THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY NON-PROFIT CORPORATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE...

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FACILITATE AND AWARD GRANTS FOR THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY NON-PROFIT CORPORATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

Program 2
Expenses: $1,538,140

FACILITATE AND AWARD GRANTS FOR THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY CLINICAL AND INTERNSHIP PROGRAMS ADMINISTERED BY LAW SCHOOLS LOCATED IN...

Read more

FACILITATE AND AWARD GRANTS FOR THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY CLINICAL AND INTERNSHIP PROGRAMS ADMINISTERED BY LAW SCHOOLS LOCATED IN PENNSYLVANIA.

Program 3
Expenses: $437,082

A LOAN REPAYMENT ASSISTANCE PROGRAM (LRAP) WAS ESTABLISHED TO HELP LEGAL SERVICES ORGANIZATIONS THAT PROVIDE CIVIL LEGAL ASSISTANCE TO POOR PENNSYLVANIANS WITHOUT CHARGE, ATTRACT AND RETAIN QUALIFIED...

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A LOAN REPAYMENT ASSISTANCE PROGRAM (LRAP) WAS ESTABLISHED TO HELP LEGAL SERVICES ORGANIZATIONS THAT PROVIDE CIVIL LEGAL ASSISTANCE TO POOR PENNSYLVANIANS WITHOUT CHARGE, ATTRACT AND RETAIN QUALIFIED ATTORNEYS. THE ORGANIZATIONS WERE FINDING THAT ATTORNEYS, WHO WISHED TO BE EMPLOYED AT PUBLIC SERVICE, COULD NOT AFFORD TO DO SO BECAUSE OD THE VERY LARGE AMOUNT OF STUDENT DEBT THEY HAD ACCUMULATED. A GRANT WAS MADE TO THE PENNSYLVANIA BAR FOUNDATION (PBF), A 501(C)(3) TAX EXEMPT ORGANIZATION, TO ADMINISTER THE LRAP. ATTORNEYS WHO ARE EMPLOYED BY ANY IOLTA FUNDED QUALIFIED LEGAL AID ORGANIZATION CAN APPLY TO THE PBF FOR A FORGIVABLE LOAN AND MAY PARTICIPATE FOR UP TO 10 YEARS. THE AMOUNT OF ANNUAL ASSISTANCE WILL DEPEND PRIMARILY ON THE AMOUNT OF AVAILABLE FUNDING AND THE NUMBER OF QUALIFYING ATTORNEY APPLICANTS. AN ATTORNEY WILL BE ELIGIBLE FOR LRAP ASSISTANCE IF: (I) HIS/HER TOTAL CURRENT ANNUAL GROSS SALARY IS LESS THAN OR EQUAL TO $75,000; OR (II) IF HIS/HER ANNUAL NET DEBT SERVICE IS GREATER THAN OR EQUAL TO 10% OF HIS/HER TOTAL CURRENT ANNUAL GROSS SALARY, REGARDLESS OF THE TOTAL ANNUAL SALARY AMOUNT. THEY MUST ALSO REMAIN EMPLOYED IN GOOD STANDING WITH THE LEGAL AID ORGANIZATION FOR ONE FULL YEAR AND REMAIN IN GOOD STANDING WITH THEIR LENDERS FOR ALL OF THEIR STUDENT LOANS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $65,893,239
Program Service Revenue $0
Investment Income $3,588,573
Other Revenue $0
TOTAL REVENUE $69,481,812

Expense Breakdown

Grants Paid $36,074,558
Salaries & Benefits $907,556
Fundraising Expenses $0
Program Expenses $36,579,053
Other Expenses $351,113
TOTAL EXPENSES $37,333,227

Year-over-Year Comparison

2024 2023 Change
Revenue $69,481,812 $68,222,068 +0.0%
Expenses $37,333,227 $31,624,444 +0.2%
Net Income $32,148,585 $36,597,624 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
7
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$362,648
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HON KAY YU ESQ CHAIR 3.00
Officer Director
$0 $0 $0
JOSEPH G PRICE ESQ TREASURER 3.00
Officer Director
$0 $0 $0
SHARON R LOPEZ ESQ DIRECTOR 2.00
Director
$0 $0 $0
JW ALBERSTADT JR ESQ DIRECTOR 2.00
Director
$0 $0 $0
DAVID R FINE ESQ SECRETARY 3.00
Officer Director
$0 $0 $0
SAMUEL W MILKES ESQ VICE-CHAIR 3.00
Officer Director
$0 $0 $0
GITTEL HILIBRAND ESQ DIRECTOR 2.00
Director
$0 $0 $0
COLLEEN F COONELLY ESQ DIRECTOR 2.00
Director
$0 $0 $0
MARCEL S PRATT ESQ DIRECTOR 2.00
Director
$0 $0 $0
STEPHANIE S LIBHART EXECUTIVE DIRECTOR 35.00
Officer
$185,749 $31,517 $217,266
ISABELLE WOZNIAK DIRECTOR OF FINANCE AND ADMIN (UNTIL 6/30/2025) 35.00
Officer
$109,489 $35,893 $145,382
KAREN RAUGH DIRECTOR OF FINANCE AND ADMIN (EFFECTIVE 5/5/25) 35.00
Officer
$0 $0 $0
JAMES BLYTHE IOLTA COMPLIANCE MANAGER 35.00
Highest
$103,677 $24,640 $128,317
JAMES SWOYER GRANTS MANAGER 35.00
Highest
$104,738 $34,978 $139,716
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $69,481,812 $37,333,227 $128,721,059 $32,148,585
2024 $68,222,068 $31,624,444 $96,299,853 $36,597,624
2023 $49,000,531 $29,297,179 $59,438,241 $19,703,352
2022 $24,730,443 $30,230,003 $39,506,972 $-5,499,560
2021 $26,505,119 $21,720,164 $44,940,382 $4,784,955
2019 $28,271,889 $24,330,067 $41,829,733 $3,941,822
2018 $22,559,462 $22,158,282 $38,104,598 $401,180
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