PA Lawyers Fund for Client Security

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The organization was established by the supreme court of pennsylvania to reimburse clients who have suffered a loss of money or other property as a result of the dishonest conduct of pennsylvania attorneys. The Fund is a remedy for clients who are unable to obtain reimbursement from other sources, such as third parties or the attorney involved.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2436398) · Dispute this line
501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
77¢ of each $1 spent went to programs.
$186K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $2.4M a year · 57% of revenue · last 4 filings
A surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
77%
of spending
77% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$186K
to officers and key staff · 10% of spending
Pay to officers and key staff is 10% of spending.
Part VII, Section A
37.5 mo
of spending, in cash
Plus $20.8M in investments, Pt X · Ln 11–13
37.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.1M
8% of total assets
Liabilities are 8% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$5.0M
+18% vs prior year
Spent
$1.8M
To programs
77%
Net assets
$24.3M
By yearFY2021–FY2025
Revenue
$5.0M
FY2025▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2021$4.3M
FY2022$3.4M
FY2023$4.2M
FY2025$5.0M
Expenses
$1.8M
FY2025▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.4M
FY2022$2.5M
FY2023$1.5M
FY2025$1.8M
Net assets
$24.3M
FY2025▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2021$17.9M
FY2022$14.3M
FY2023$17.5M
FY2025$24.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.4M Management & general 23% · $418K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990; $186K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$185,833Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2023FY2022
Kathryn Peifer Morgan Esquire$185,833$169,096$185,562

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See PA Lawyers Fund for Client Security executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Reimburses clients for financial losses caused by dishonest Pennsylvania attorneys.

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2 programs · $1.4M · in their own filed words · FY2024
01

100 claims resulted in awards to individuals who suffered losses due to the misconduct of members of the pennsylvania bar.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2436398) · Dispute this line
$942Kprogram expense
02

Funding for lawyers concerned for lawyers, inc. (LCL), as directed by the supreme court of pa. LCL provides resources for impaired attorneys, which helps mitigate losses to their clients.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2436398) · Dispute this line
$449Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Fees for servicesLn 2g$3.5M
Investment incomeLn 3$1.5M
Money outPt IX
$1.8M
Ln 25
Programscol B$1.4M
Managementcol C$418K
Owns and owesPt X
$24.3M
net assets · Ln 32
Cash and savingsLn 1–2$5.7M
Total assetsLn 16$26.4M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.5M
Investment incomeLn 3$1.5M
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$131K
SavingsLn 2$5.5M
Cash and savings togetherLn 1–2$5.7M
Accounts receivableLn 4$17K
InvestmentsLn 11–13$20.8M
Total assetsLn 16$26.4M
LiabilitiesLn 26$2.1M
Net assetsLn 32$24.3M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$7.6M$5.7M
InvestmentsLn 11–13$15.6M$20.8M
Total assetsLn 16$23.3M$26.4M
LiabilitiesLn 26$2.7M$2.1M
Net assetsLn 32$20.6M$24.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$186K$138K$48K
Other salaries and wagesLn 7$52K$52K
Pension plan contributionsLn 8$24K$24K
Other employee benefitsLn 9$63K$63K
Payroll taxesLn 10$18K$18K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$77K$77K
Office expensesLn 13$30K$30K
OccupancyLn 16$42K$42K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$29K$29K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$1.3M$1.2M$55K
All other expensesLn 24e$16K$16K
Total functional expensesLn 25$1.8M$1.4M$418K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 26, 2026 $5.0M$1.8M$3.2M$24.3M 990 PDF
FY2024 Not on file
FY2023Filed with the IRS Nov 15, 2023 $4.2M$1.5M$2.7M$17.5M 990 PDF
FY2022Filed with the IRS Feb 13, 2023 $3.4M$2.5M$964K$14.3M 990 PDF
FY2021Filed with the IRS Nov 4, 2022 $4.3M$1.4M$2.8M$17.9M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2025 990
Part I · Summary $5,015,093 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $3,474,525$3,509,212
I-10 Investment incomePrior year $162,426$1,505,881
I-11 Other revenue$0
I-12 Total revenuePrior year $3,636,951$5,015,093
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $290,434$342,351
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,636,207$1,465,762
I-18 Total expensesPrior year $1,926,641$1,808,113
I-19 Revenue less expensesPrior year $1,710,310$3,206,980
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,015,093 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,509,212$3,509,212
VIII-3 Investment incomeRelated to mission $1,053,861 · Excluded from tax $452,020$1,505,881
VIII-12 Total revenueRelated to mission $4,563,073 · Excluded from tax $452,020$5,015,093
Part IX · Statement of functional expenses $1,808,113 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $138,305 · Management $47,528$185,833
IX-7 Other salaries and wagesPrograms $51,806$51,806
IX-8 Pension plan contributionsManagement $24,069$24,069
IX-9 Other employee benefitsManagement $62,824$62,824
IX-10 Payroll taxesManagement $17,819$17,819
IX-11c Accounting feesManagement $8,187$8,187
IX-11f Investment management feesManagement $77,492$77,492
IX-13 Office expensesManagement $29,597$29,597
IX-16 OccupancyManagement $42,250$42,250
IX-17 TravelManagement $5,526$5,526
IX-19 Conferences, conventions and meetingsManagement $29,329$29,329
IX-23 InsuranceManagement $1,104$1,104
IX-24 Other expenses (24a–d)Programs $1,200,495 · Management $55,286$1,255,781
IX-24e All other expensesManagement $16,496$16,496
IX-25 Total functional expensesPrograms $1,390,606 · Management $417,507 · Fundraising $0$1,808,113
Part X · Balance sheet $26,419,645 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $196,904$131,043
X-2 Savings and temporary cash investmentsStart of year $7,436,360$5,521,322
X-4 Accounts receivableStart of year $23,565$17,065
X-11 Publicly traded securitiesStart of year $15,595,880$20,750,215
X-16 Total assetsStart of year $23,252,709$26,419,645
X-17 Accounts payable and accrued expensesStart of year $594,296$177,521
X-19 Deferred revenueStart of year $2,084,200$1,895,100
X-26 Total liabilitiesStart of year $2,678,496$2,072,621
X-31 Retained earnings or endowmentStart of year $20,574,213$24,347,024
X-32 Total net assets or fund balancesStart of year $20,574,213$24,347,024
X-33 Total liabilities and net assetsStart of year $23,252,709$26,419,645
Part XI · Reconciliation of net assets $24,347,024 net assets at year end
XI-1 Total revenue$5,015,093
XI-2 Total expenses$1,808,113
XI-3 Revenue less expenses$3,206,980
XI-4 Net assets at start of year$20,574,213
XI-5 Net unrealized gains (losses) on investments$565,831
XI-10 Net assets at end of year$24,347,024

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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