CORPORATE LEGAL OPERATIONS CONSORTIUM INC

EIN: 810946810 Community Improvement

WEST HOLLYWOOD, CA

Total Revenue
$8,647,939
Total Expenses
$7,614,194
Total Assets
$11,131,943
Net Assets
$9,202,454
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IL
Principal Officer
FRANCES POMPOSO
Phone
8772064699
Tax Period
2024-01-01 to 2024-12-31

CORPORATE LEGAL OPERATIONS CONSORTIUM INC, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $8.6M in total revenue in fiscal year 2024. Expenses of $7.6M left a modest 12% surplus.

Mission

CLOC IS THE LEADING GLOBAL LEGAL OPERATIONS COMMUNITY TRANSFORMING THE BUSINESS AND PRACTICE OF LAW. CLOC SUPPORTS ITS MEMBERS THROUGH THREE CORE PRINCIPLES OF COMMUNITY, CONTENT, AND CONVERSATION.

Program Service Accomplishments

Program 1

IN 2024, THE CORPORATE LEGAL OPERATIONS CONSORTIUM, INC. (CLOC) CONTINUED ITS MISSION TO OPTIMIZE THE OPERATION OF CORPORATE LEGAL DEPARTMENTS AND THE DELIVERY OF LEGAL SERVICES THROUGH A RANGE OF...

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IN 2024, THE CORPORATE LEGAL OPERATIONS CONSORTIUM, INC. (CLOC) CONTINUED ITS MISSION TO OPTIMIZE THE OPERATION OF CORPORATE LEGAL DEPARTMENTS AND THE DELIVERY OF LEGAL SERVICES THROUGH A RANGE OF EDUCATIONAL, NETWORKING, AND INDUSTRY COLLABORATION INITIATIVES. CLOC ENDED THE YEAR WITH ABOUT 6,300 MEMBERS ACROSS ALMOST 1,000 COMPANIES GLOBALLY, REPRESENTING LEGAL OPERATIONS PROFESSIONALS AND LEGAL SERVICE PROVIDERS FROM SMALL, MEDIUM, AND LARGE BUSINESSES, GOVERNMENT ENTITIES, AND ACADEMIC INSTITUTIONS.CLOC'S KEY ACCOMPLISHMENTS FOR 2024 COMPRISED OF ORGANIZING BOTH IN-PERSON AND VIRTUAL EVENTS, INCLUDING THE HIGHLY ATTENDED CLOC GLOBAL INSTITUTE (CGI), WHICH FEATURED OVER 70 EDUCATIONAL SESSIONS, ROUNDTABLES, AND NETWORKING OPPORTUNITIES. CGI ALONG WITH REGIONAL SUMMITS (EMEA SUMMIT AND APAC SUMMIT) AND OTHER PROGRAMS ENABLED LEGAL PROFESSIONALS TO STAY UPDATED ON INDUSTRY TRENDS, TOOLS, AND BEST PRACTICES, FOSTERING A COLLABORATIVE ENVIRONMENT FOR DRIVING EFFICIENCY IN THE BUSINESS OF LAW. CGI SAW ATTENDANCE OF OVER 2,300 PROFESSIONALS AND THE EMEA SUMIT IN LONDON SAW ATTENDANCE OF 261 AND THE APAC SUMMIT SAW ATTENDANCE OF 176. THESE EVENTS COMBINED WITH THE FIRST EVER CLOC TALK LIVE NYC AND THE CALIFORNIA BAY AREA HOLIDAY BASH REACHED OUR MEMBERS FROM COAST TO COAST IN THE USA AS WELL AS OVERSEAS. CLOC SUPPORTED ITS MEMBERS BY OFFERING REAL-TIME EDUCATION, NETWORKING, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES, SUCH AS WEBINARS AND REGIONAL MEET UPS, THAT HELP LEGAL OPERATIONS PROFESSIONALS RUN THEIR ORGANIZATIONS MORE EFFECTIVELY, FOSTERING GROWTH AND EXCELLENCE ACROSS THE INDUSTRY. JUST A FEW OF THE EXCITING TOPICS IN THE CLOC ASK-THE-EXPERTS WEBINAR SERIES WERE AROUND DEIB, GENERATIVE AI, CONTRACT LIFECYCLE MANAGEMENT, AND MANY OTHERS.CLOC ALSO EXPANDED MEMBERSHIP INTO BRAZIL WITH A REGIONAL EVENT ON JANUARY 18, 2024. THIS WAS WELL ATTENDED AND CLOC PLANS TO HOST A TOUR OF EVENTS IN BRAZIL IN 2025.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,215,170
Investment Income $432,769
Other Revenue $0
TOTAL REVENUE $8,647,939

Expense Breakdown

Grants Paid $60,000
Salaries & Benefits $2,784,673
Fundraising Expenses $0
Other Expenses $4,769,521
TOTAL EXPENSES $7,614,194

Year-over-Year Comparison

2024 2023 Change
Revenue $8,647,939 $8,979,502 0.0%
Expenses $7,614,194 $6,230,696 +0.2%
Net Income $1,033,745 $2,748,806 -0.6%
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
5
Independent Members
3
Employees
18
Volunteers
N/A

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
5
$413,890
Total Directors
8
$160,000
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENN MCCARRON PRESIDENT 4.00
Officer Director
$35,000 $0 $35,000
FRANCES POMOPSO TREASURER 8.00
Officer Director
$25,000 $0 $25,000
FARRAH PEPPER VICE PRESIDENT 4.00
Officer Director
$25,000 $0 $25,000
DANIEL YI DIRECTOR 4.00
Director
$15,000 $0 $15,000
MIKE HAVEN DIRECTOR 4.00
Director
$15,000 $0 $15,000
AINE LYONS DIRECTOR 4.00
Director
$15,000 $0 $15,000
LAURA DIEUDONNE DIRECTOR 4.00
Director
$15,000 $0 $15,000
ADAM BECKER DIRECTOR 4.00
Director
$15,000 $0 $15,000
LISA KONIE INTERIM EXECUTIVE DIRECTOR 40.00
Officer
$281,978 $14,099 $296,077
OYANGO SNELL EXECUTIVE DIRECTOR 40.00
Officer
$31,250 $1,563 $32,813
NICOLE COTE HEAD OF EVENTS 40.00
Highest
$195,000 $18,570 $213,570
ANGELA DEN TEX HEAD OF MARKETING 40.00
Highest
$190,000 $18,320 $208,320
NICOLE ZAFIAN HEAD OF EDUCATION 40.00
Highest
$180,000 $17,820 $197,820
BOYD RICHARDS HEAD OF IT 40.00
Highest
$171,000 $17,370 $188,370
JENNIFER BRYAN HEAD OF MEMBERSHIP 40.00
Highest
$136,000 $15,620 $151,620
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 $8,647,939 $7,614,194 $11,131,943 $1,033,745
2023 $8,979,502 $6,230,696 $10,041,857 $2,748,806
2022 $7,616,928 $5,785,978 $6,471,216 $1,830,950
2021 $1,655,777 $2,155,255 $5,032,783 $-499,478
2020 $1,961,987 $2,539,978 $4,812,599 $-577,991
2019 $6,674,358 $4,278,404 $6,697,298 $2,395,954
2018 $5,417,760 $4,318,283 $2,782,969 $1,099,477
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