MICHIGAN STATE UNIVERSITY COLLEGE OF LAW

EIN: 381358000 501(c)(3)

EAST LANSING, MI

Total Revenue
$349,630
Total Expenses
$316,520
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
MELANIE JACOBS
Phone
5174326813
Tax Period
2020-07-01 to 2020-08-31

MICHIGAN STATE UNIVERSITY COLLEGE OF LAW is a small nonprofit that reported $350K in total revenue in fiscal year 2020. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $317K left a modest 9% surplus.

Mission

THE MISSION OF THE MICHIGAN STATE UNIVERSITY COLLEGE OF LAW IS TO PROVIDE A RIGOROUS EDUCATIONAL PROGRAM WHICH PREPARES A DIVERSE COMMUNITY OF STUDENTS TO BE NATIONAL AND INTERNATIONAL LEADERS IN PRIVATE LEGAL PRACTICE, BUSINESS AND INDUSTRY, GOVERNMENT SERVICE, AND LEGAL EDUCATION. THE LAW COLLEGE DEFINES ITS MISSION DRAWING ON A CENTURY OF SERVICE, ITS CONTEMPORARY ASSOCIATION WITH A MAJOR RESEARCH INSTITUTION, MICHIGAN STATE UNIVERSITY, AND A COMMON COMMITMENT BY THESE INSTITUTIONS TO BROAD EDUCATIONAL ACCESS, SCHOLARLY EXCELLENCE, AND SERVICE TO SOCIETY. THE LAW COLLEGE TEACHES CORE LEGAL SKILLS, SUPPLEMENTED WITH ACADEMIC CONCENTRATIONS, PROGRAMMATIC INITIATIVES, AND SCHOLARLY RESEARCH AND EXCHANGES. THE EDUCATIONAL PROGRAM OF THE COLLEGE TEACHES AND REINFORCES THE ETHICAL CORE OF GOOD LAWYERING, THE VALUES OF PROFESSIONALISM AND SERVICE, THE ART OF CLIENT REPRESENTATION AND TRIAL ADVOCACY, AND THE UNDERSTANDING OF LEGAL PRINCIPLES, PRIVATE RIGHTS, AND PUBLIC POLICY. THE LAW COLLE

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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 (2020)

Revenue Breakdown

Contributions & Grants $154,979
Program Service Revenue $0
Investment Income $188,623
Other Revenue $6,028
TOTAL REVENUE $349,630

Expense Breakdown

Grants Paid $0
Salaries & Benefits $41,000
Fundraising Expenses $866
Program Expenses $35,073
Other Expenses $275,520
TOTAL EXPENSES $316,520

Year-over-Year Comparison

2020 2019 Change
Revenue $349,630 $36,095,028 -1.0%
Expenses $316,520 $38,450,451 -1.0%
Net Income $33,110 $-2,355,423 -1.0%
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
20
Independent Members
20
Employees
224
Volunteers
20

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
3
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELAINE FIELDMAN TRUSTEE 2.00
Director
$0 $0 $0
CLIFTON E HALEY TRUSTEE 2.00
Director
$0 $0 $0
CHARLES A JANSSEN TRUSTEE\VICE 2.00
Director
$0 $0 $0
MAURICE G JENKINS TRUSTEE 2.00
Director
$0 $0 $0
CHARLES E LANGTON TRUSTEE 2.00
Director
$0 $0 $0
JOHN J LATELLA TRUSTEE 2.00
Director
$0 $0 $0
DOUGLAS LAYCOCK TRUSTEE 2.00
Director
$0 $0 $0
SAMUEL L STANLEY JR MD PRESIDENT 2.00
Officer Director
$0 $0 $0
CARY S MCGEHEE TRUSTEE 2.00
Director
$0 $0 $0
DAVID W MCKEAGUE TRUSTEE 2.00
Director
$0 $0 $0
MAYER MORGANROTH TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL G MORRIS TRUSTEE 2.00
Director
$0 $0 $0
BRYAN NEWLAND TRUSTEE 2.00
Director
$0 $0 $0
DONALD NYSTROM TRUSTEE\CHAI 2.00
Director
$0 $0 $0
LINDA M ORLANS TRUSTEE 2.00
Director
$0 $0 $0
JOHN D PIRICH TRUSTEE 2.00
Director
$0 $0 $0
DAVID L PORTEOUS TRUSTEE 2.00
Director
$0 $0 $0
JENNIFER POTEAT TRUSTEE 2.00
Director
$0 $0 $0
G SCOTT ROMNEY TRUSTEE 2.00
Director
$0 $0 $0
ROBERT WORTHINGTON TRUSTEE 2.00
Director
$0 $0 $0
MELANIE JACOBS INTERIM DEAN 40.00
Officer
$0 $0 $0
RICHARD C LAMETI SECRETARY/TR 40.00
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
2020 $349,630 $316,520 No data $33,110
2019 $37,232,381 $38,276,600 $44,627,006 $-1,044,219
2018 $39,922,709 $40,254,603 $44,519,022 $-331,894
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