Legus Law INC

Not tax-deductible

Ann Arbor, MI501(c)(6)EIN 38-3295584Revenue $374K in FY2024

On file with the IRSleguslaw.com2232 S Main St 472, 48103-6938 · Ann Arbor, MITax-exempt since Nov 1997

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The network actively administers a client referral network among domestic and foreign Law firms, and conducts annual training conferences/seminars for attorneys who are principals or associates of member Law firms.

32¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $21K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
32%
of spending
Concern: 32% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$374K
-8% vs prior year
Spent
$373K
To programs
32%
Net assets
$230K
By yearFY2020–FY2024
Revenue
$374K
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$276K
FY2021$324K
FY2022$438K
FY2023$407K
FY2024$374K
Expenses
$373K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$225K
FY2021$289K
FY2022$414K
FY2023$411K
FY2024$373K
Net assets
$230K
FY2024+0.3%
Tap a bar for its year
Net assets by fiscal year
FY2020$174K
FY2021$209K
FY2022$233K
FY2023$229K
FY2024$230K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1997.

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

Where the money goes

32 cents of each dollar spent went to programs.

Program services 32% · $120K Management & general 68% · $253K

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

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Legus Law INC executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects law firms for client referrals and hosts training for their attorneys.

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Provided by the organization

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1 program · $120K · in their own filed words · FY2024
01

The network has developed and now actively manages a client referral program among member law firms. The network convenes and conducts regional and annual training CONFERENCES/SEMINARS.

$120Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$374K
Ln 12
Fees for servicesLn 2g$372K
Investment incomeLn 3$2K
Money outPt IX
$373K
Ln 25
Programscol B$120K
Managementcol C$253K
Owns and owesPt X
$230K
net assets · Ln 32
Cash and savingsLn 1–2$221K
Total assetsLn 16$236K
LiabilitiesLn 26$6K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$372K
Investment incomeLn 3$2K
Total revenueLn 12$374K
Assets in detailPt X, end of year
CashLn 1$221K
Cash and savings togetherLn 1–2$221K
Land, buildings, equipmentLn 10c$835
Other assetsLn 15$5K
Total assetsLn 16$236K
LiabilitiesLn 26$6K
Net assetsLn 32$230K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$230K$221K
Land, buildings, equipmentLn 10c$1K$835
Total assetsLn 16$238K$236K
LiabilitiesLn 26$9K$6K
Net assetsLn 32$229K$230K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$205K$205K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$812$812
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$10K$96$10K
Information technologyLn 14$701$701
OccupancyLn 16$14K$14K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$100K$100K
InterestLn 20$225$225
Depreciation, depletion and amortizationLn 22$443$221$222
InsuranceLn 23$450$450
Other expenses (24a–d)Ln 24$20K$10K$10K
All other expensesLn 24e$20$20
Total functional expensesLn 25$373K$120K$253K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $374K$373K$621$230K 990 PDF
FY2023 $407K$411K−$4K$229K 990 PDF
FY2022 $438K$414K$24K$233K 990 PDF
FY2021 $324K$289K$35K$209K 990 PDF
FY2020 $276K$225K$51K$174K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $373,858 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $406,122$372,184
I-10 Investment incomePrior year $1,345$1,674
I-11 Other revenue$0
I-12 Total revenuePrior year $407,467$373,858
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $411,152$373,237
I-18 Total expensesPrior year $411,152$373,237
I-19 Revenue less expensesPrior year −$3,685$621
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $373,858 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $372,184$372,184
VIII-3 Investment incomeExcluded from tax $1,674$1,674
VIII-12 Total revenueRelated to mission $372,184 · Excluded from tax $1,674$373,858
Part IX · Statement of functional expenses $373,237 across 15 lines filed
IX-11a Management feesManagement $205,200$205,200
IX-11b Legal feesManagement $2,471$2,471
IX-11c Accounting feesManagement $812$812
IX-11g Other fees for servicesManagement $3,993$3,993
IX-12 Advertising and promotionPrograms $8,794$8,794
IX-13 Office expensesPrograms $96 · Management $10,283$10,379
IX-14 Information technologyManagement $701$701
IX-16 OccupancyManagement $14,400$14,400
IX-17 TravelManagement $5,002$5,002
IX-19 Conferences, conventions and meetingsPrograms $100,462$100,462
IX-20 InterestManagement $225$225
IX-22 Depreciation, depletion and amortizationPrograms $221 · Management $222$443
IX-23 InsuranceManagement $450$450
IX-24 Other expenses (24a–d)Programs $10,201 · Management $9,684$19,885
IX-24e All other expensesManagement $20$20
IX-25 Total functional expensesPrograms $119,774 · Management $253,463 · Fundraising $0$373,237
Part X · Balance sheet $236,023 assets, 10 lines filed
Asset lines not itemized here account for $1,634; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $230,314$221,092
X-4 Accounts receivable$7,462
X-10c Land, buildings and equipment, netStart of year $1,278$835
X-15 Other assetsStart of year $5,000$5,000
X-16 Total assetsStart of year $238,226$236,023
X-17 Accounts payable and accrued expensesStart of year $8,845$6,021
X-26 Total liabilitiesStart of year $8,845$6,021
X-27 Net assets without donor restrictionsStart of year $229,381$230,002
X-32 Total net assets or fund balancesStart of year $229,381$230,002
X-33 Total liabilities and net assetsStart of year $238,226$236,023
Part XI · Reconciliation of net assets $230,002 net assets at year end
XI-1 Total revenue$373,858
XI-2 Total expenses$373,237
XI-3 Revenue less expenses$621
XI-4 Net assets at start of year$229,381
XI-10 Net assets at end of year$230,002

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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