INTELLECTUAL PROPERTY LAW ASSOCIATION OF CHICAGO

EIN: 366080486

CHICAGO, IL

Total Revenue
$213,133
Total Expenses
$181,188
Total Assets
$302,397
Net Assets
$302,397
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
IL
Principal Officer
PETER PROMMER
Phone
3125320117
Tax Period
2023-01-01 to 2023-12-31

INTELLECTUAL PROPERTY LAW ASSOCIATION OF CHICAGO, founded in 1924, is a small nonprofit that reported $213K in total revenue in fiscal year 2023. Expenses of $181K left a modest 15% surplus.

Mission

EDUCATIONAL ACTIVITIES SPECIFIC TO INTELLECTUAL PROPERTY LAW

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $79,796
Program Service Revenue $129,937
Investment Income $3,400
Other Revenue $0
TOTAL REVENUE $213,133

Expense Breakdown

Grants Paid $13,578
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $141,706
Other Expenses $167,610
TOTAL EXPENSES $181,188

Year-over-Year Comparison

2023 2022 Change
Revenue $213,133 $222,197 0.0%
Expenses $181,188 $160,350 +0.1%
Net Income $31,945 $61,847 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
80

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
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ATANU DAS CHEIF DEI OFFICER 3.00
Officer Director
$0 $0 $0
LAURA SCHAEFER SECRETARY 3.00
Officer Director
$0 $0 $0
TIFFANY D GEHRKE PAST PRESIDENT 3.00
Officer Director
$0 $0 $0
PETER J PROMMER PRESIDENT 3.00
Officer Director
$0 $0 $0
MATTHEW J KELLY VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
AZUKA DIKE BOARD MEMBER 1.00
Director
$0 $0 $0
MARY FETSCO BOARD MEMBER 1.00
Director
$0 $0 $0
JUDY HE BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE LANGDON BOARD MEMBER 1.00
Director
$0 $0 $0
WASIM BLEIBEL PRESIDENT-ELECT 3.00
Officer Director
$0 $0 $0
KWANWOO LEE BOARD MEMBER 1.00
Director
$0 $0 $0
SELENA SPRITZ BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN A VERBUS TREASURER 3.00
Officer Director
$0 $0 $0
LISA BECKER BOARD MEMBER 1.00
Director
$0 $0 $0
ASHLY BOESCHE BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN PHELAN BOARD MEMBER 1.00
Director
$0 $0 $0
MATT MARRONE BOARD MEMBER 1.00
Director
$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 $213,133 $181,188 $302,397 $31,945
2022 $222,197 $160,350 $266,033 $61,847
2021 $142,052 $72,994 $213,799 $69,058
2020 $64,851 $75,244 $175,248 $-10,393
2019 $110,833 $277,008 $186,422 $-166,175
2018 $203,133 $160,832 $288,899 $42,301
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare INTELLECTUAL PROPERTY LAW ASSOCIATION OF CHICAGO with other nonprofits in Illinois and across the country.