The American Academy of Matrimonial Lawyers Foundation

EIN: 363744740 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$585,327
Total Expenses
$423,651
Total Assets
$3,286,298
Net Assets
$3,280,372
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
IL
Principal Officer
Brian C Vertz Esq
Phone
3127022520
Tax Period
2023-01-01 to 2023-12-31

The American Academy of Matrimonial Lawyers Foundation, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $585K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $162K, a strong 28% operating margin.

Mission

To provide financial assistance to organizations, by way of grants, in order to help families and children affected by the breakup of the family unit.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $569,761
Program Service Revenue $0
Investment Income $88,004
Other Revenue $-72,438
TOTAL REVENUE $585,327

Expense Breakdown

Grants Paid $235,000
Salaries & Benefits $83,471
Fundraising Expenses $62,762
Program Expenses $242,385
Other Expenses $105,180
TOTAL EXPENSES $423,651

Year-over-Year Comparison

2023 2022 Change
Revenue $585,327 $645,171 -0.1%
Expenses $423,651 $414,982 +0.0%
Net Income $161,676 $230,189 -0.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
1
Volunteers
32

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
9
$76,935
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kimberley Scott Executive Director 035.00
Officer
$76,935 $0 $76,935
Anne Lamkin Durward 101-52723 President 010.00
Officer Director
$0 $0 $0
Brian C Vertz Esq Acting President President-Elect 004.25
Officer Director
$0 $0 $0
Lawrence A Moskowitz Esq Immediate Past President 005.00
Officer Director
$0 $0 $0
Mark A Sessums Esq Treasurer 002.50
Officer Director
$0 $0 $0
Cary B Cheifetz Esq Secretary 001.50
Officer Director
$0 $0 $0
Gary M Rosen Esq Asst. Treasurer 004.00
Officer Director
$0 $0 $0
Julia Swain Esq Asst. Secretary 000.50
Officer Director
$0 $0 $0
Natalia C Wilson Esq Director 003.50
Director
$0 $0 $0
Robert C Brandt Esq Director 001.00
Director
$0 $0 $0
JoAl Cannon Sheridan Esq Director 001.50
Director
$0 $0 $0
Renee R Chernus Esq Director 000.25
Director
$0 $0 $0
Helen R Davis Esq Director 000.50
Director
$0 $0 $0
Jacqueline C Kemp Esq Director 000.50
Director
$0 $0 $0
Twila B Larkin Esq Director 000.50
Director
$0 $0 $0
Susan M Moss Esq Director 000.50
Director
$0 $0 $0
Elisha D Roy Esq Director 000.75
Director
$0 $0 $0
Brian L Sobol Esq Director 002.00
Director
$0 $0 $0
Eleanor A Stegmeier Esq Director 000.50
Director
$0 $0 $0
Bruce R Steinfeld Esq Director 001.50
Director
$0 $0 $0
Deborah M Tate Esq Director 001.00
Director
$0 $0 $0
Lauren E Waddell Esq Director 000.25
Director
$0 $0 $0
Richard D West Esq Director 000.75
Director
$0 $0 $0
Laura C Belleau Esq Ex-Officio Director 000.25
Director
$0 $0 $0
Jorge M Cestero Esq Counsel 000.50
Officer
$0 $0 $0
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
2024 No data No data No data No data
2023 $585,327 $423,651 $3,286,298 $161,676
2022 $645,171 $414,982 $2,922,934 $230,189
2021 $595,639 $377,749 $3,262,404 $217,890
2020 $462,434 $335,071 $2,964,309 $127,363
2019 $553,368 $333,929 $2,635,090 $219,439
2018 $456,326 $334,711 $2,154,268 $121,615
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