Commercial Law League of America EIN 36-0937445

Commercial Law League of America

EIN  36-0937445 Business league / trade association Hoffman Est, IL
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Commercial Law League of America claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Offers legal, educational, and professional help to businesses and credit communities.
Leadership
Timothy Wan · Treasurer
Money in and out
$559K revenue, $580K expenses
Bottom line
-4% operating surplus

Offers legal, educational, and professional help to businesses and credit communities. For fiscal year 2025 it reported $559K in revenue, $580K in expenses, and $347K in net assets.Pt I

Membership & operating revenue · FY2025
Total revenue
$559K
Pt VIII · Ln 12
Total expenses
$580K
Pt IX · Ln 25
Net assets
$347K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$22K
Operating surplus
-4%
revenue over expenses▼ -618% vs prior filing year
Earned revenue
97%
of revenue from program services & dues▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$559K
FY2025▼ -5%
Expenses
$580K
FY2025▼ -1%
Total assets
$615K
FY2025▼ -8%
Total liabilities
$269K
FY2025▼ -11%
Total revenue
$559K
Pt VIII · Ln 12
Total expenses
$580K
Pt IX · Ln 25
Net assets
$347K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$22K
Total assetsPt X · Ln 16$615K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Meetings and Education

Hosted and supported several conferences and meetings throughout the year, including the clla national convention and several regional and sectional conferences and meetings. Attendance at these events ranged from approximately 50 to 200.

Pt IX · col B
02

Membership and Marketing

Promotion of legal, educational, and professional excellence in commercial law, creditor's rights, bankruptcy, and insolvency in support of approximately 600 members.

Pt IX · col B
03

Publications

Published bi-monthly editions of commercial law world (CLW) and maintained a roster of members.

Pt IX · col B

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommercial Law League of America
EINHdr · item D36-0937445
Principal addressHdr · item CHoffman Est, IL
WebsiteHdr · item Jwww.clla.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFJun 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Governor
$0Pt VII · Sec A
See Commercial Law League of America executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$544K · 97%
Investment income$6K · 1%
Other revenue$8K · 1%
Program service revenue97%$544K
Investment income1%$6K
Other revenue1%$8K
Contributions & grants$2K
Total revenueLn 12$559K

Balance Sheet

Part X · end of year
CashLn 1$422K
Total assetsLn 16$615K
Total liabilitiesLn 26$269K
Total net assetsLn 32$347K
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $565K · Operating expenses/yr $580K
11.7 months
Where the money goes
Program services
Program services — · Total expenses $580K
Management & General
Management & general — · Total expenses $580K
Fundraising
Fundraising — · Total expenses $580K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2K · Total revenue $559K
0%
Government reliance
Government grants — · Total revenue $559K
Earned-income share
Program service revenue $544K · Total revenue $559K
97%
Investment reliance
Investment income $6K · Total revenue $559K
+1%
Program self-sufficiency
Program service revenue $544K · Total expenses $580K
94%
Growth & trend
Revenue growth (YoY)
This year $559K · Prior year $590K
-5%
Revenue CAGR
FY2019 $394K · FY2024 $559K
+7%
Net-asset trend (YoY)
End of year $347K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $559K · Expenses $580K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $615K
Net-asset ratio
Net assets $347K · Total assets $615K
56%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $143K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $615K
23%
People & payroll
Highest Reported Total Compensation
Individual Timothy Wan · Reported title TREASURER · Highest reported compensation $0 · Total expenses $580K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $580K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth -5%
Investment management fee ratio 0%
Legal fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$559K revenue · viewing · ⤓ 990 PDF
FY2024$590K revenue · ⤓ 990 PDF
FY2023$607K revenue · ⤓ 990 PDF
FY2022$671K revenue · ⤓ 990 PDF
FY2021$380K revenue · ⤓ 990 PDF
FY2020$394K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.