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Colorado Lawyer Trust Account Foundation

Denver, CO · EIN 74-2250921 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Colorado Lawyer Trust Account Foundation reported $20.9 million in revenue and $10.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $96.32 went to program services, $3.68 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.8% of the total. The highest compensation it reported for one person was $124,103 (Executive Director). Revenue rose 398% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $10M

For context, the median across 274 covered crime & legal-related charities: $87.85 programs, $11.30 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $21M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 274 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
96.3%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
3.7%11.1%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.6%94.8%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%50.1%
Program service revenue share
Part VIII 2g ÷ 12
91.8%0.7%
Highest reported compensation
Part VII-A, columns D–F
$124,103$245,814
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.23%1.41%
People paid over $100,000
Part VII, line 2
08
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
36.96.4
Independent voting board members
Part VI 1a–1b
16 of 16100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$9.7M expenses · 100.0% of program spending · grants $9.7M · revenue $19M

Funding of legal services, pro-bono, and legal education projects

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Executive Director
Officer, 20.00 hrs/week
$0$121,050$3,053$124,103

0 people received more than $100,000 in reportable compensation from Colorado Lawyer Trust Account Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $64,496 (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$21M$10M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$21M$10M96.3%$31M$124,103
FY2024 ⓘ$20M$9.9M97.4%$20M$135,113
FY2023 ⓘ$11M$6.1M96.0%$9.9M$120,233
FY2022 ⓘ$1.9M$2.6M91.3%$4.6M$65,721
FY2021 ⓘ$1.9M$2.5M91.5%$5.4M$124,159
FY2020 ⓘ$4.2M$4.4M95.3%$6.0M$73,064

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50

Correct a figure or respond

Every number above is copied from Colorado Lawyer Trust Account Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Colorado Lawyer Trust Account Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All crime & legal-related charities · Largest charities in Colorado

Questions people ask

How much of Colorado Lawyer Trust Account Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, Colorado Lawyer Trust Account Foundation reported that 96.3% of its $10.1 million in expenses went to program services, 3.7% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Colorado Lawyer Trust Account Foundation pay its top executive?

The largest total compensation Colorado Lawyer Trust Account Foundation reported for one person in the fiscal year ending June 30, 2025 was $124,103, for the role of Executive Director (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Colorado Lawyer Trust Account Foundation get its money?

Of $20.9 million in revenue in the fiscal year ending June 30, 2025, 0.6% came from contributions and grants and 91.8% from program service revenue (Form 990, Part VIII).

Is Colorado Lawyer Trust Account Foundation a registered charity?

The IRS lists EIN 74-2250921 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202533119349304468 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202413099349301621 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430169349302198 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341299349304209 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231299349300733 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141329349303649 · read the filing

All filings for EIN 74-2250921: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.