The New Jersey State Bar Association's Board of Trustees approved a $10.7 million fiscal year budget for 2024-2025 that allows the Association to provide meaningful membership experiences, top-notch CLE programming and quality legal publications. Funding in budget will continue popular member benefits like the Member Assistance Program for mental health services and the legal research tool Decisis.
The budget is published here, per the bylaws.
New Jersey State Bar Association 2024-2025 Operating Budget
MEMBERSHIP DUES
Membership Dues 2,800,000
Section Dues 287,000
YOUNG LAWYERS DIVISION
YLD Dues 13,000
Seminars 1,500
Annual Meeting 8,500
Social/Networking 2,000
Community Service/Other 1,000
MEETINGS
Mid-Year Revenues 269,850
Annual Meeting Revenues 1,045,500
Law Ctr Meet. - Outside Grp. 45,000
Meetings Rev. - Sect & Comm 230,000
Meetings Rev. - Family Law Retreat 300,000
OTHER INCOME
Comm. On Professionalism 12,000
Advertising 75,000
Interest On Investments 100,000
Foundation Agreement 47,940
LAP Agreement 49,512
Royalty/Miscellaneous Income 334,420
Ethics Diversionary Program 36,210
Corporate Partner Program 70,000
Miscellaneous Sponsorship Income 20,000
Leadership Academy Income 8,000
ICLE Revenue 5,087,000
TOTAL REVENUE 10,843,432
PERSONNEL/TRAVEL
Salaries/Bonus 4,142,300
Part-time/Temporary Staffing 5,000
Federal/State Payroll Taxes 331,384
Group Insurance 635,000
Retirement Plan 230,560
Education 1,000
Staff Assoc. Travel/Hospitality 45,000
Assn. Auto Expense 17,000
ADMINISTRATIVE
General Postage 20,000
General Printing 5,000
Delivery Service 6,000
Office Supplies 22,000
Miscellaneous Expense 298,600
Audit 65,000
Association Dues 9,000
EQUIPMENT & SERVICES
Telephone 26,000
Equipment Rental & Maint. 41,180
Computer Expense 460,000
Copier Expense 50,000
BUILDING OPERATIONS
Building & Contents Insur. 133,900
Law Center Rent & Other Exp. 615,600
MEETINGS DEPT - MID-YEAR
Meeting Functions 180,000
Officers 22,000
Staff/Site Visits 32,500
Miscellaneous 12,250
ANNUAL MEETING
Meeting Functions 650,000
Speakers & Guests 30,000
Staff 13,000
Printing & Mailing 10,000
Miscellaneous 146,500
Exhibits 50,000
GENERAL MEETING EXPENSES
Law Ctr Meeting - NJSBA 40,000
Law Center Mtg - Outside Grp. 27,000
Law Ctr Meet.-Sect.&Comm. 120,000
Meeting Expense - Fam Law Retreat 300,000
COMMUNICATIONS DEPARTMENT
New Jersey Lawyer Magazine 95,000
Photography & Video 6,500
Law Journal Pages 20,800
Daily Briefing 12,252
SECTIONS & COMMITTEES
Misc. Sections & Committee Exp. 19,750
Sections/Committee Newsletter 15,500
Election Expense 5,000
MEMBERSHIP PROMOMOTION/SERVICES
Member Solicitation/Retention 65,000
Member Benefit Program 251,100
LEGISLATIVE/LEGAL
Legislative Research & Reference 4,703
Legislative Operations/Events 5,000
Legislative Lobbying Expenses 12,000
YOUNG LAWYERS DIVISION
YLD Operating Expenses 1,000
YLD Travel Expenses 5,000
Seminars 1,000
Community Service/Other 600
Social/Networking 6,400
Annual Meeting/Receptions 12,000
OFFICERS & BOARD OF TRUSTEES
Officers Expenses 25,000
Presidential Initiatives 10,000
Regional County Bar Meetings 17,000
ABA - Annual 13,500
ABA - Mid-Year 13,550
Bar Leadership 7,500
Mid-Atlantic Conf. 7,500
Board of Trustees Expenses 30,000
E & O Insurance 23,000
Leadership Series 8,000
OTHER EXPENSES
Contingencies 10,000
Depreciation Expense 200,000
Bad Debt 15,000
Comm. On Professionalism 15,000
Legal Research 56,100
Ethics Divers. Program 3,190
Diversity Initiatives 50,000
Law Practice Management 5,225
CLE Direct Expense * 932,000
TOTAL EXPENSES 10,772,944
OPERATING INC/(LOSS) 70,488
Real Gain/(Loss) Sale Invst. 0
TOTAL NET INCOME/(LOSS) 70,488
* not inclusive of operational expenses.