The New Jersey State Bar Association's Board of Trustees approved the fiscal year budget for 2023-2024 that allows the Association to continue providing meaningful membership experiences to better serve the legal community.
Funding in the budget allows for new member benefits like the Member Assistance Program, a resource that offers 24/7 access to mental health counseling, mental health referrals and an extensive library of self-help information to all members. The budget also includes funding for Decisis, a legal research tool to replace Fastcase and enhanced CLE programming. The budget projects roughly $11 million in revenue and a breakeven bottom line.
The budget is published here, per the bylaws.
NEW JERSEY STATE BAR ASSOCIATION 2023-2024 OPERATING BUDGET
MEMBERSHIP DUES
Membership Dues 2,850,000
Section Dues 310,000
YOUNG LAWYERS DIVISION
YLD Dues 17,000
Seminars 2,500
Entertainment 6,000
Community Service/Other 1,000
MEETINGS
Mid-Year Revenues 314,000
Annual Meeting Revenues 1,040,000
Law Ctr Meet. - Outside Grp. 36,500
Meetings Rev. - Sect & Comm 230,000
Meetings Rev. - Family Law Retreat 275,000
Meetings Rev - Retreats 90,000
OTHER INCOME
Comm. On Professionalism 15,000
Advertising 75,000
Interest On Investments 60,000
Foundation Agreement 47,940
LAP Agreement 49,512
Royalty/Miscellaneous Income 83,200
Ethics Diversionary Program 19,170
Corporate Partner Program 70,000
Miscellaneous Sponsorship Income 45,000
Leadership Academy Income 8,000
ICLE Revenue 5,177,000
TOTAL REVENUE 10,821,822
PERSONNEL/TRAVEL
Salaries/Bonus 4,564,992
Part-time/Temporary Staffing 15,000
Federal/State Payroll Taxes 366,399
Group Insurance 620,000
Retirement Plan 265,820
Education 2,000
Staff Assoc. Travel/Hospitality 30,000
Assn. Auto Expense 17,000
ADMINISTRATIVE
General Postage 25,000
General Printing 5,500
Delivery Service 6,000
Office Supplies 20,000
Miscellaneous Expense 293,500
Audit 58,000
Association Dues 9,000
EQUIPMENT & SERVICES
Telephone 26,500
Equipment Rental & Maint. 37,000
Computer Expense 480,000
Copier Expense 92,000
BUILDING OPERATIONS
Building & Contents Insur. 125,500
Law Center Rent & Other Exp. 555,380
MEETINGS DEPT - MID-YEAR
Meeting Functions 231,200
Speakers & Guests 6,000
Officers 15,950
Staff/Site Visits 25,910
Miscellaneous 21,020
ANNUAL MEETING
Meeting Functions 621,000
Speakers & Guests 30,000
Staff 13,000
Printing & Mailing 8,500
Miscellaneous 124,000
Exhibits 40,000
GENERAL MEETING EXPENSES
Law Ctr Meeting - NJSBA 40,000
Law Center Mtg - Outside Grp. 25,000
Law Ctr Meet.-Sect.&Comm. 100,000
Meeting Expense - Fam Law Retreat 275,000
Meeting Expense - Retreats 50,000
COMMUNICATIONS DEPARTMENT
New Jersey Lawyer Magazine 95,000
Directory Printing 250
Photography & Video 6,500
Law Journal Pages 20,800
Daily Briefing 12,252
SECTIONS & COMMITTEES
Misc. Sections & Committee Exp. 19,500
Sections/Committee Newsletter 15,500
Election Expense 6,000
MEMBERSHIP PROMOMOTION/SERVICES
Member Solicitation/Retention 65,000
LEGISLATIVE/LEGAL
Legislative Research & Reference 5,000
Legislative Operations/Events 2,500
Legislative Lobbying Expenses 12,000
YOUNG LAWYERS DIVISION
YLD Operating Expenses 1,200
YLD Travel Expenses 5,000
Seminars 2,000
Community Service/Other 800
Entertainment 7,500
Annual Meeting/Receptions 10,000
OFFICERS & BOARD OF TRUSTEES
Officers Expenses 25,000
Presidential Initiatives 10,000
Regional County Bar Meetings 12,000
ABA - Annual 15,000
ABA - Mid-Year 12,000
Bar Leadership 6,500
Mid-Atlantic Conf. 6,000
Board of Trustees Expenses 25,000
E & O Insurance 22,000
Leadership Series 8,000
OTHER EXPENSES
Contingencies 10,000
Depreciation Expense 150,000
Bad Debt 5,000
Comm. On Professionalism 20,000
Legal Research 55,000
Ethics Divers. Program 3,579
Diversity Initiatives 50,000
Law Practice Management 17,000
CLE Direct Expense * 839,000
TOTAL EXPENSES 10,819,053
OPERATING INC/(LOSS) 2,769
Real Gain/(Loss) Sale Invst. 0
TOTAL NET INCOME/(LOSS) 2,769
* not inclusive of operational expenses.