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Top Rated

Legal Momentum

CharityWatch report issued
March 2021

Top-Rated Charity
A-
CharityWatch Grade
Our independent grade based
on a number of factors.
 
77%
Program Percentage
Amount spent on programs
relative to overhead.
 
$18
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Legal Momentum
32 Broadway
Suite 1801
New York, NY 10004

Other Names

None

Tax Status

501(c)3

Stated Mission

To ensure the economic and personal security of all women and girls, while safeguarding and expanding the rights of women under the law.

View similar charities
Data based on Fiscal Year Ended 06/30/2020

Program Percentage: 77%

The percentage of Legal Momentum's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$2,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $18

How many dollars Legal Momentum spends on fundraising to raise each $100 of contributions.

$1,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Legal Momentum IRS Form 990 23-7085442
Legal Momentum Audited Financial Statements 23-7085442
Entity: Legal Momentum
Document Type: IRS Form 990
Tax ID: 23-7085442
Entity: Legal Momentum
Document Type: Audited Financial Statements
Tax ID: 23-7085442

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Legal Momentum
meets governance benchmarks.
 
Legal Momentum
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Carol A. Baldwin Moody President/CEO $229,184
2 Lynn Schafran VP, National Judicial Education Program $186,444
3 Jennifer Becker-Allbee Deputy Legal Director $135,845
1
Name: Carol A. Baldwin Moody
Title: President/CEO
Compensation: $229,184
2
Name: Lynn Schafran
Title: VP, National Judicial Education Program
Compensation: $186,444
3
Name: Jennifer Becker-Allbee
Title: Deputy Legal Director
Compensation: $135,845

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Legal Momentum audit of June 30, 2020 (Note A, The Organization and its Significant Accounting Policies, [11] Revenue recognition, (iv) Donated services):

"During fiscal-years 2020 and 2019, the Organization received $940,860 and $1,110,469 of pro bono legal services, respectively."

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Legal Momentum audit of June 30, 2020 (Note H, Significant Sources of Revenue):

"During fiscal-year 2020, the Organization received two grants totaling $317,000, which represented approximately 33% of total public support..."

According to the Legal Momentum audit of June 30, 2020 (Note A, The Organization and its Significant Accounting Policies, [8] Paycheck Protection Program loan payable):

"On March 27, 2020, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act ('CARES Act'). The Paycheck Protection Program ('PPP') established by the CARES Act...provides businesses, including certain not-for-profit organizations, with funds to pay payroll and other costs during the coronavirus ('COVID-19') outbreak. During fiscal-year 2020, the Organization applied for and received PPP funds."


According to the Legal Momentum audit of June 30, 2020 (Note F, Paycheck Protection Program Loan Payable):

"On May 1, 2020, the Organization received $234,890 in funds from the PPP, which is reported as a Paycheck Protection Program loan payable in the statement of financial position at June 30, 2020. The loan matures on May 1, 2022 and bears interest at a rate of 1%. This loan may be forgiven subject to bank approval in accordance with SBA [Small Business Administration] guidelines. In accordance with SBA guidelines, required monthly principal and interest payments will begin no earlier than September 2021. The Organization intends on applying for full forgiveness. To the extent full forgiveness is granted, any payments made will be returned to the Organization..."

According to the Legal Momentum audit of June 30, 2020 (Note M, Commitments, Contingency and Other uncertainty, [3] Employment agreement):

"In June 2020, the Organization amended the employment agreement with its President commencing July 1, 2020 through June 30, 2021."


According to the Legal Momentum audit of June 30, 2020 (Note L, Commitments, Contingency and Other uncertainty, [4] Other uncertainty):

"The extent of the impact of the COVID-19 outbreak on the operational and financial performance of the Organization will depend on the continued future developments, including the duration and spread of the outbreak and related travel advisories and restrictions and the impact of COVID-19 on the overall availability of contributions toward the Organization's programs, which are highly uncertain and cannot be predicted. If contributions toward the Organization's programs are impacted for an extended period, results of operations may be materially adversely affected."

According to the Legal Momentum tax filing for the fiscal year ended June 30, 2020, Legal Momentum reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):

"The organization provides bonuses based on the years of service provided by its staff and their performance."

[No "Bonus & incentive compensation" amounts are reported by Legal Momentum for officers, directors, trustees, key employees, and highest compensated employees in calendar year 2019 (Schedule J, Part II).]


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