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NEW JERSEY STATE BAR ASSOCIATION |
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2020-2021 |
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Budget |
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7/1/20 |
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6/30/21 |
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MEMBERSHIP DUES |
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Membership Dues |
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2,526,429 |
Section Dues |
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298,640 |
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YOUNG LAWYERS DIVISION |
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YLD Dues |
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20,000 |
Seminars |
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2,250 |
Annual Meeting |
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6,750 |
Entertainment |
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4,500 |
Community Service/Other |
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750 |
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MEETINGS |
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Mid-Year Revenues |
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277,665 |
Annual Meeting Revenues |
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1,030,000 |
Meetings Rev. - Offsite |
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250,000 |
Meetings Rev - Retreats |
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80,000 |
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OTHER INCOME |
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Advertising |
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50,000 |
Interest On Investments |
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45,000 |
Foundation Agreement |
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47,940 |
LAP Agreement |
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49,512 |
Royalty/Misc. Income |
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75,000 |
Ethics Diversionary Program |
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20,000 |
Corporate Partner Program |
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70,000 |
Miscellaneous Sponsorship |
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11,500 |
ICLE Revenue |
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4,773,415 |
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TOTAL REVENUE |
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9,639,350 |
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PERSONNEL/TRAVEL |
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Salaries/Bonus |
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3,743,690 |
Federal/State Payroll Taxes |
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299,495 |
Group Insurance |
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650,000 |
Retirement Plan |
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215,000 |
Education |
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2,000 |
Staff Association Travel/Hosp |
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18,000 |
Assn. Auto Expense |
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12,000 |
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ADMINISTRATIVE |
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General Postage |
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67,000 |
General Printing |
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7,500 |
Delivery Service |
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5,000 |
Office Supplies |
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15,000 |
Miscellaneous Expense |
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260,000 |
Audit |
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56,000 |
Association Dues |
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8,000 |
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EQUIPMENT & SERVICES |
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Telephone |
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27,000 |
Equipment Rental & Maint. |
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40,000 |
Computer Expense |
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280,000 |
Copier Expense |
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30,000 |
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BUILDING OPERATIONS |
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Building & Contents Insur. |
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65,000 |
Law Center Rent & Other Exp. |
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580,000 |
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MEETINGS DEPT - MID-YEAR |
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Meeting Functions |
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206,050 |
Speakers & Guests |
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5,700 |
Officers |
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15,100 |
Staff/Site Visits |
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23,800 |
Miscellaneous |
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22,000 |
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ANNUAL MEETING |
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Meeting Functions |
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528,425 |
Speakers & Guests |
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55,000 |
Officers & Guests |
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7,500 |
Staff |
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45,000 |
Printing & Mailing |
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15,000 |
Miscellaneous |
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177,500 |
Exhibits |
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53,000 |
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GENERAL MEETING EXP. |
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Law Ctr Meeting - NJSBA |
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42,500 |
Offsite Meeting Expense |
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250,000 |
Meeting Expense - Retreats |
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55,000 |
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COMMUNICATIONS DEPARTMENT |
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New Jersey Lawyer Magazine |
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60,000 |
Directory Printing |
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500 |
Photography & Video |
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6,000 |
Website Dev. & Hosting |
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5,000 |
Law Journal Pages |
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20,800 |
Daily Briefing |
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12,252 |
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SECTIONS & COMMITTEES |
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Misc. Sect. & Committee Exp. |
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22,250 |
Sect./Committee Newsletter |
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25,000 |
Election Expense |
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6,000 |
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MEMBERSHIP PROMOMOTION/SERVICES |
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Member Solicitation/Retention |
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55,000 |
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LEGISLATIVE/LEGAL |
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Legislative Research & Reference |
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7,500 |
Legislative Operations/Events |
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5,000 |
Legislative Lobbying Expenses |
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12,000 |
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YOUNG LAWYERS DIVISION |
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YLD Operating Expenses |
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2,800 |
YLD Travel Expenses |
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3,250 |
Seminars |
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3,000 |
Community Service/Other |
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1,500 |
Entertainment |
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10,000 |
Annual Meeting |
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13,700 |
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OFFICERS & BOARD OF TRUSTEES |
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Officers Expenses |
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12,000 |
Presidential Initiatives |
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10,000 |
Mid-Atlantic Conf. |
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1,000 |
Board of Trustees Expenses |
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12,500 |
E & O Insurance |
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23,000 |
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OTHER EXPENSES |
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Contingencies |
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10,000 |
Depreciation Expense |
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150,000 |
Comm. On Professionalism |
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11,000 |
Legal Research |
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45,000 |
Ethics Divers. Program |
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2,500 |
Bad Debt Expense |
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10,000 |
Diversity Initiatives |
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25,000 |
Law Practice Management |
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60,000 |
CLE Direct Expense * |
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1,256,200 |
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TOTAL EXPENSES |
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9,782,012 |
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OPERATING INC/(LOSS) |
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(142,662) |
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Real Gain/(Loss) Sale Invst. |
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0 |
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TOTAL NET INCOME/(LOSS) |
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(142,662) |
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* not inclusive of operational expenses. |
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