THE IP LAW FOUNDATION

EIN: 542019670 501(c)(3) Education

ARLINGTON, VA

Total Revenue
$306,811
Total Expenses
$368,321
Total Assets
$1,557,386
Net Assets
$1,542,477
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Principal Officer
KIERA MATHEY
Phone
7034124342
Tax Period
2024-07-01 to 2025-06-30

AMERICAN INTELLECTUAL PROPERTY LAW EDUCATION FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $175K in total revenue in fiscal year 2017. Revenue decreased 10% compared to the prior year. Expenses of $252K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO SUPPORT LAW STUDENTS INTERESTED IN THE PATENT LAW PROFESSION AND THE INTELLECTUAL PROPERTY BAR BY PROVIDING CAREER PREPARATION RESOURCES, PROFESSIONAL DEVELOPMENT SUPPORT, AND FINANCIAL ASSISTANCE; AND ACCELERATING THE DEVELOPMENT OF A DEDICATED IP PROFESSIONAL COMMUNITY THROUGH NETWORKING, COUNSELING, AND MENTORING EFFORTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $285,178
Program Service Revenue $0
Investment Income $18,335
Other Revenue $3,298
TOTAL REVENUE $306,811

Expense Breakdown

Grants Paid $204,658
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $312,198
Other Expenses $163,663
TOTAL EXPENSES $368,321

Year-over-Year Comparison

2024 2023 Change
Revenue $306,811 $406,040 -0.2%
Expenses $368,321 $405,598 -0.1%
Net Income $-61,510 $442 -140.2%
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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Governance

Voting Members
42
Independent Members
42
Employees
N/A
Volunteers
42

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
42
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIERA MATHEY CHAIR 1.00
Officer Director
$0 $0 $0
HA KUNG WONG PRESIDENT 1.00
Officer Director
$0 $0 $0
MARYLEE JENKINS PRESIDENT EL 1.00
Officer Director
$0 $0 $0
MICHAEL BINNS VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ANITA VARMA TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN NOONAN SECRETARY 1.00
Officer Director
$0 $0 $0
SHARON ISRAEL PAST PRESIDE 1.00
Officer Director
$0 $0 $0
ALI AHMED TRUSTEE 1.00
Director
$0 $0 $0
COREY ANTHONY TRUSTEE 1.00
Director
$0 $0 $0
ERIKA ARNER TRUSTEE 1.00
Director
$0 $0 $0
KAREN CANADY TRUSTEE 1.00
Director
$0 $0 $0
THAD CHALOEMTIANRANA TRUSTEE 1.00
Director
$0 $0 $0
SHRUTI CHOPRA TRUSTEE 1.00
Director
$0 $0 $0
KAREN COCHRAN TRUSTEE 1.00
Director
$0 $0 $0
TONYA COMBS TRUSTEE 1.00
Director
$0 $0 $0
AHMED DAVIS TRUSTEE 1.00
Director
$0 $0 $0
GAURI DHAVAN TRUSTEE 1.00
Director
$0 $0 $0
ALVARO DOMINGUEZ TRUSTEE 1.00
Director
$0 $0 $0
TARA ELLIOTT TRUSTEE 1.00
Director
$0 $0 $0
SERENA FARQUHARSON-TORRES TRUSTEE 1.00
Director
$0 $0 $0
BARBARA FIACCO TRUSTEE 1.00
Director
$0 $0 $0
JUSTINE GOZZI TRUSTEE 1.00
Director
$0 $0 $0
LEN JACOBY TRUSTEE 1.00
Director
$0 $0 $0
TIFFANY JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
NICOLAS KIM TRUSTEE 1.00
Director
$0 $0 $0
AMY KLANN TRUSTEE 1.00
Director
$0 $0 $0
ANNETTE KWOK TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM LAFUZE TRUSTEE 1.00
Director
$0 $0 $0
ALEJANDRO MARTINEZ TRUSTEE 1.00
Director
$0 $0 $0
NANCY MERTZEL TRUSTEE 1.00
Director
$0 $0 $0
ARLENE NEAL TRUSTEE 1.00
Director
$0 $0 $0
KATHLEEN O'MALLEY TRUSTEE 1.00
Director
$0 $0 $0
RAYMOND PARKER TRUSTEE 1.00
Director
$0 $0 $0
SOPHIA PILIOURAS TRUSTEE 1.00
Director
$0 $0 $0
DAVID POINTER TRUSTEE 1.00
Director
$0 $0 $0
KEVIN PRUSSIA TRUSTEE 1.00
Director
$0 $0 $0
KENNETH SEDDON TRUSTEE 1.00
Director
$0 $0 $0
PERVIN TALEYARKHAN TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW WAGNER TRUSTEE 1.00
Director
$0 $0 $0
CALVIN WINGFIELD TRUSTEE 1.00
Director
$0 $0 $0
MARK WHITAKER TRUSTEE 1.00
Director
$0 $0 $0
WARREN WOESSNER TRUSTEE 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
2025 $306,811 $368,321 $1,557,386 $-61,510
2024 No data No data No data No data
2023 $359,552 $322,822 $1,467,474 $36,730
2022 $421,844 $245,514 $1,394,646 $176,330
2021 $437,502 $248,951 $1,298,093 $188,551
2019 $186,550 $225,030 $1,048,259 $-38,480
2018 $174,850 $251,717 $1,054,148 $-76,867
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