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The IP Law Foundation

Tax-deductible

Alexandria, VA501(c)(3)EducationEIN 54-2019670Revenue $307K in FY2025

On file with the IRSdiversityiniplaw.org2000 Duke St Ste 300, 22314-6116 · Alexandria, VATax-exempt since Mar 2002Publicly supported — 509(a)(2)

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Organizations mission or most significant activities support advancing diversity in the IP Law profession, specifically focused on the practice of patent Law through supporting students pursuing Law degrees in the united states, by providing scholarships and tuition grants, career preparation and other career-readiness support, networking, counseling, and mentoring.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 44 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $68K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 23.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
42
of 42 voting members
Looks good: 42 of 42 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$307K
-24% vs prior year
Spent
$368K
To programs
85%
Net assets
$1.5M
By yearFY2021–FY2025
Revenue
$307K
FY2025▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2021$438K
FY2022$422K
FY2023$360K
FY2024$406K
FY2025$307K
Expenses
$368K
FY2025▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2021$249K
FY2022$246K
FY2023$323K
FY2024$406K
FY2025$368K
Net assets
$1.5M
FY2025▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.3M
FY2022$1.4M
FY2023$1.4M
FY2024$1.5M
FY2025$1.5M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2002.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $312K Management & general 15% · $56K

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

42 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Ha Kung Wong
President
$0Pt VII · Sec A
Marylee Jenkins
President El
$0Pt VII · Sec A
Michael Binns
Vice Preside
$0Pt VII · Sec A
Anita Varma
Treasurer
$0Pt VII · Sec A
Kevin Noonan
Secretary
$0Pt VII · Sec A
Sharon Israel
Past Preside
$0Pt VII · Sec A
Ali Ahmed
Trustee
$0Pt VII · Sec A
See The IP Law Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships, career support, and mentoring to diverse US law students pursuing patent law.

Questions for The IP Law Foundation

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Provided by the organization

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1 program · $312K · in their own filed words · FY2024
01

To offer career-preparation, career-readiness, and career-advancement support to individuals with an interest in the in the patent law profession in the united states. The foundation's programs work toward accelerating the development of a dedicated ip professional community through networking, counseling, and mentoring efforts aimed at…

$312Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Fidelity Investments Charitable Gift FundFY2021$18K
Total grants receivedfrom 1 funder$18K
Grants paid · 28 grants · $848K · 2020–2024
Unitemized GrantFY2024$107,158
Unitemized GrantFY2024$30,000
Unitemized GrantFY2024$30,000
Unitemized GrantFY2024$30,000
Unitemized GrantFY2024$5,000
Unitemized GrantFY2024$2,500
Unitemized GrantFY2023$124,100
Unitemized GrantFY2023$30,000
Unitemized GrantFY2023$30,000
Unitemized GrantFY2023$30,000
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$5,000
Unitemized GrantFY2023$2,500
Unitemized GrantFY2022$80,127
Unitemized GrantFY2022$30,000
Unitemized GrantFY2022$30,000
Unitemized GrantFY2022$30,000
Unitemized GrantFY2022$5,000
See all 28 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$307K
Ln 12
Gifts and grantsLn 1h$285K
Investment incomeLn 3$18K
Other incomeLn 4–11$3K
Money outPt IX
$368K
Ln 25
Programscol B$312K
Managementcol C$56K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$717K
Total assetsLn 16$1.6M
LiabilitiesLn 26$15K
PeoplePt VI, VII
42
listed · VII A
PaidVII A0
Voting boardVI 1a42
IndependentVI 1b42
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$285K
Investment incomeLn 3$18K
Other incomeLn 4–11$3K
Total revenueLn 12$307K
Assets in detailPt X, end of year
CashLn 1$717K
Cash and savings togetherLn 1–2$717K
InvestmentsLn 11–13$713K
Land, buildings, equipmentLn 10c$921
Total assetsLn 16$1.6M
LiabilitiesLn 26$15K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 644
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$894K$717K
InvestmentsLn 11–13$633K$713K
Land, buildings, equipmentLn 10c$2K$921
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$25K$15K
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$205K$205K
Management feesLn 11a$140K$103K$37K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$1K$1K
Information technologyLn 14$4K$4K
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$803$803
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$3K$857$2K
All other expensesLn 24e$150$150
Total functional expensesLn 25$368K$312K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $307K$368K−$62K$1.5M 990 PDF
FY2024 $406K$406K$442$1.5M 990 PDF
FY2023 $360K$323K$37K$1.4M 990 PDF
FY2022 $422K$246K$176K$1.4M 990 PDF
FY2021 $438K$249K$189K$1.3M 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 FY2025 990 (6 parts)
Part I · Summary $306,811 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $389,780$285,178
I-9 Program service revenue$0
I-10 Investment incomePrior year $15,820$18,335
I-11 Other revenuePrior year $440$3,298
I-12 Total revenuePrior year $406,040$306,811
I-13 Grants and similar amounts paidPrior year $231,600$204,658
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $173,998$163,663
I-18 Total expensesPrior year $405,598$368,321
I-19 Revenue less expensesPrior year $442−$61,510
Part VI · Governance 42 of 42 board members independent, 3 to look at
VI-1a Voting members of the governing body42
VI-1b Independent voting members42
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $306,811 across 5 lines filed
VIII-1f All other contributions, gifts and grants$285,178
VIII-1h Total contributions, gifts and grants$285,178
VIII-3 Investment incomeExcluded from tax $18,335$18,335
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,298$3,298
VIII-12 Total revenueRelated to mission $3,298 · Excluded from tax $18,335$306,811
Part IX · Statement of functional expenses $368,321 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $204,658$204,658
IX-11a Management feesPrograms $102,908 · Management $36,653$139,561
IX-11c Accounting feesManagement $10,200$10,200
IX-13 Office expensesManagement $1,134$1,134
IX-14 Information technologyManagement $3,670$3,670
IX-17 TravelPrograms $3,775$3,775
IX-22 Depreciation, depletion and amortizationManagement $803$803
IX-23 InsuranceManagement $1,235$1,235
IX-24 Other expenses (24a–d)Programs $857 · Management $2,278$3,135
IX-24e All other expensesManagement $150$150
IX-25 Total functional expensesPrograms $312,198 · Management $56,123 · Fundraising $0$368,321
Part X · Balance sheet $1,557,386 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $894,490$716,964
X-3 Pledges and grants receivableStart of year $24,723$126,123
X-10c Land, buildings and equipment, netStart of year $1,725$921
X-11 Publicly traded securitiesStart of year $632,749$713,378
X-16 Total assetsStart of year $1,553,687$1,557,386
X-17 Accounts payable and accrued expensesStart of year $25,145$14,909
X-26 Total liabilitiesStart of year $25,145$14,909
X-27 Net assets without donor restrictionsStart of year $1,512,842$1,527,877
X-28 Net assets with donor restrictionsStart of year $15,700$14,600
X-32 Total net assets or fund balancesStart of year $1,528,542$1,542,477
X-33 Total liabilities and net assetsStart of year $1,553,687$1,557,386
Part XI · Reconciliation of net assets $1,542,477 net assets at year end
XI-1 Total revenue$306,811
XI-2 Total expenses$368,321
XI-3 Revenue less expenses−$61,510
XI-4 Net assets at start of year$1,528,542
XI-5 Net unrealized gains (losses) on investments$75,445
XI-10 Net assets at end of year$1,542,477

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

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