THE INSTITUTE FOR LAW AND STRATEGY

EIN: 844100002 501(c)(3) Civil Rights & Advocacy

AUSTIN, TX

Total Revenue
$750,000
Total Expenses
$383,611
Total Assets
$1,029,560
Net Assets
$1,029,460
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
PHILIP BOBBITT
Phone
5129708314
Tax Period
2024-01-01 to 2024-12-31

THE INSTITUTE FOR LAW AND STRATEGY, founded in 2019, is a small nonprofit in the Civil Rights & Advocacy sector that reported $750K in total revenue in fiscal year 2024. Revenue surged 300% from the prior year, signaling strong growth momentum. The organization ran a surplus of $366K, a strong 49% operating margin.

Mission

THIS INSTITUTE, UNLIKE MANY INSTITUTIONS CONCERNED WITH LAW AND PUBLIC AFFAIRS, WILL NOT DEVOTE ITSELF TO ADVOCACY OR LOBBYING, TO LITIGATION, OR TO HOLDING LARGE-SCALE PUBLIC EVENTS. RATHER, IT WILL FOCUS ON COLLABORATION WITH ESTABLISHED ACADEMIC DEPARTMENTS AND PUBLIC POLICY SCHOOLS, THINK-TANKS, POLICY MAKERS AND EXECUTIVE OFFICERS IN GOVERNMENT, AND GOVERNMENT ENTITIES TO UNDERTAKE EDUCATIONAL PROGRAMS IN ITS FIELD OF STUDY: THE INTERSECTION OF LAW AND STRATEGY. IN ALL INSTANCES, THE INSTITUTE WILL EMPHASIZE THE GENERATION AND CULTIVATION OF TOP-FLIGHT THINKING ON AMERICAN LAW AND NATIONAL SECURITY AS THESE SUBJECTS INTERSECT. THE INSTITUTE WILL UNDERTAKE ITS WORK THROUGH THE PARTICIPATION OF THOSE WHO MOST NEED TO SEE IT IN GOVERNMENT, ACADEMIA, AND THE MEDIA, SO THAT IT CAN INFORM AND ENRICH THEIR WORK IN GOVERNMENT AND POLICY. THE INSTITUTE PLANS TO ALSO MAKE ITS WORK AVAILABLE TO INTERESTED MEMBERS OF THE PUBLIC THROUGH PUBLICATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $750,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $750,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $367,700
Fundraising Expenses $0
Program Expenses $13,504
Other Expenses $15,911
TOTAL EXPENSES $383,611

Year-over-Year Comparison

2024 2023 Change
Revenue $750,000 $187,500 +3.0%
Expenses $383,611 $457,873 -0.2%
Net Income $366,389 $-270,373 -2.4%
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

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

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Liquidity & Cash Position

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

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
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
2
$350,000
Total Directors
4
$350,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP BOBBITT PRESIDENT 10.00
Officer Director
$350,000 $0 $350,000
MAYA BOBBITT SECRETARY 0.25
Officer Director
$0 $0 $0
JEROME DAVIS TRUSTEE 1.00
Director
$0 $0 $0
GREGORY TEVERTON 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
2024 $750,000 $383,611 $1,029,560 $366,389
2023 $187,500 $457,873 $667,051 $-270,373
2022 $750,000 $418,531 $937,424 $331,469
2021 $1,000,050 $398,075 $605,955 $601,975
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