2024-09-06T12:23:32-05:00 2024-05-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-06-01 360937445 COMMERCIAL LAW LEAGUE OF AMERICA COMM 8474836405 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 PHILLIP J LATTANZIO EXECUTIVE VICE PRESIDENT 8474836405 2024-09-04 1 0 THURE ROSS CPA P00577278 6305738600 2024-09-04 2023 2024-08-08 14:25:15Z PHILLIP J LATTANZIO 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 622930 0 X WWW.CLLA.ORG X 1895 IL TO PROVIDE LEGAL, EDUCATIONAL, AND PROFESSIONAL SERVICES TO THE BUSINESS AND CREDIT COMMUNITIES 13 13 0 0 0 0 1535 1330 592704 578459 3947 1901 8359 8368 606545 590058 0 0 0 0 0 0 0 0 0 579785 585651 579785 585651 26760 4407 675777 668212 326493 302665 349284 365547 TO PROMOTE UNIFORMITY OF LEGISLATION ON MATTERS AFFECTING COMMERCIAL LAW; ELEVATE THE STANDARDS AND IMPROVE THE PRACTICE OF COMMERCIAL LAW; AND ENCOURAGE THE HIGHEST STANDARDS OF CONDUCT AMONG ITS MEMBERS AND IN THE PROFESSION AT LARGE. 0 0 MEMBERSHIP AND MARKETING - PROMOTION OF LEGAL, EDUCATIONAL, AND PROFESSIONAL EXCELLENCE IN COMMERCIAL LAW, CREDITOR'S RIGHTS, BANKRUPTCY, AND INSOLVENCY IN SUPPORT OF APPROXIMATELY 600 MEMBERS. PUBLICATIONS - PUBLISHED BI-MONTHLY EDITIONS OF COMMERCIAL LAW WORLD (CLW) AND MAINTAINED A ROSTER OF MEMBERS. MEETINGS AND EDUCATION - HOSTED AND SUPPORTED SEVERAL CONFERENCES AND MEETINGS THROUGHOUT THE YEAR, INCLUDING THE CLLA NATIONAL CONVENTION AND SEVERAL REGIONAL AND SECTIONAL CONFERENCES AND MEETINGS. ATTENDANCE AT THESE EVENTS RANGED FROM APPROXIMATELY 50 TO 200. 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 0 1 0 0 0 0 0 1 1 0 0 0 X 13 13 0 1 0 0 1 1 0 1 0 0 0 1 1 1 1 0 1 0 0 0 X THE ORGANIZATION 8474836405 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 X JIM KOZELEK IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 DAVID GAMACHE TREASURER 1.00 X X 0 0 0 DON SCOTT GOVERNOR 1.00 X 0 0 0 WILLIAM THRUSH PRESIDENT 1.00 X X 0 0 0 TIM GRIMES GOVERNOR 1.00 X 0 0 0 VICTOR GARCIA GOVERNOR 1.00 X 0 0 0 THEODORE HAMILTON PRESIDENT-ELECT 1.00 X X 0 0 0 LORNA WALKER RECORDING SECRETARY 1.00 X X 0 0 0 ROBERT ASH GOVERNOR 1.00 X 0 0 0 RICHARD PAYNE GOVERNOR 1.00 X 0 0 0 BEN FARROW GOVERNOR 1.00 X 0 0 0 CANDICE KLINE GOVERNOR 1.00 X 0 0 0 DEBORAH RUBIN GOVERNOR 1.00 X 0 0 0 PHIL LATTANZIO EXECUTIVE VICE-PRESIDENT 1.00 X 0 0 0 0 0 0 0 0 0 0 TOLLVIEW MANAGEMENT GROUP 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 MANAGEMENT SERVICES 173719 1 1330 1330 MEMBERSHIP DUES & ASSE 900099 272323 272323 MEETINGS & EDUCATION 611710 271510 271510 CERTIFICATION INCOME 900099 24118 24118 PUBLICATIONS 900099 10508 10508 578459 4563 4563 30210 32872 -2662 -2662 -2662 OTHER INCOME 900099 8368 8368 8368 590058 578459 0 10269 173719 4943 39728 1434 41106 11930 35400 16653 18370 176873 2831 CERTIFICATION PROGRAM 13733 MAGAZINE PUBLICATION & 12999 COMMISSIONS 7073 CONTINUING LEGAL EDUCAT 4107 24752 585651 497395 470543 8824 12038 1894 1902 42856 47341 124808 136388 675777 668212 120774 118133 182681 161171 23038 23361 326493 302665 X 211743 235867 137541 129680 349284 365547 675777 668212 4407 11856 0 X X 0 1 X 1 0 0 0 0 272323 39728 34653 74381 19063 55318 0 DUE TO RELATED ORGANIZATION 762 DUE TO SAAC FUND 22599 23361 X PART X, LINE 2: THE ORGANIZATION HAS BEEN GRANTED A TAX-EXEMPT STATUS UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ANY INCOME TAX LIABILITY INCURRED WOULD BE IMMATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS THEREFORE NO INCOME TAX LIABILITY HAS BEEN RECORDED AS OF MAY 31, 2023 AND 2022. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AT MAY 31, 2023 AND 2022. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS OUTSOURCED ITS MANAGEMENT TO TOLLVIEW MANAGEMENT GROUP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS SEVERAL MEMBERSHIP CLASSIFICATIONS. UNLESS SPECIFICALLY GRANTED BY THE BOARD OF GOVERNORS, HONORARY MEMBERSHIP CARRIES ONLY THE PRIVILEGE TO SIT AT CONVENTION AND PARTICIPATE IN DEBATE. ALL OTHER MEMBERSHIP CLASSIFICATIONS CARRY THE FULL PRIVILEGE OF MEMBERSHIP IN THE ORGANIZATION. MEMBERSHIP IN THE COMMERCIAL COLLECTION AGENCY SECTION (CCAA), WHICH WAS A SECTION WITHIN THE ORGANIZATION UNTIL MAY 2014, WAS EXTENDED TO A BUSINESS BASED UPON THE CRITERIA SET FORTH BY THE CCAA. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS WHO ARE IN GOOD STANDING AT THE TIME THE BALLOT IS CAST AND BOTH REGISTERED AND PERSONALLY PRESENT AT THE ANNUAL CONVENTION MAY CAST A VOTE, EXCEPT IF VOTING BY ABSENTEE BALLOT. MEMBERS MAY ALSO VOTE BY ABSENTEE BALLOT. MEMBERS ELECT NOMINATED OFFICERS AND MEMBERS OF THE BOARD OF GOVERNORS AT THE ANNUAL CONVENTION. ELECTED OFFICERS INCLUDE THE PRESIDENT, PRESIDENT-ELECT, TREASURER, AND RECORDING SECRETARY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO THE BOARD OF GOVERNORS PRIOR TO FILING. THE FORM 990 IS REVIEWED BY THE EXECUTIVE VICE PRESIDENT, CFO, AND TREASURER. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS ARE REQUIRED TO SUBMIT AN ANNUAL CERTIFICATION OF UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY AND DISCLOSE FINANCIAL INTERESTS INVOLVING TRANSACTION OR ARRANGEMENTS. THE BOARD OF GOVERNORS AND COMMITTEES ARE RESPONSIBLE FOR ADDRESSING WHETHER A FINANCIAL INTEREST ARISES TO THE LEVEL OF A CONFLICT OF INTEREST AND DETERMINING WHETHER ANY INTERESTED PARTIES HAVE FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. THE BOARD OF GOVERNORS AND COMMITTEES MAY UTILIZE OUTSIDE ADVISORS, SUCH AS THE ORGANIZATION'S LEGAL COUNSEL, IN THE PROCESS OF RESOLVING ANY ISSUES OR DISPUTES UNDER THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS APPLICATION FOR EXEMPTION, FORM 990, OTHER APPLICABLE TAX FILINGS, AND ALL RELATED SCHEDULES, AND ITS CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S BOARD OF GOVERNORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. COMMERCIAL LAW LEAGUE OF AMERICA PAC 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 600083726 ADVOCATE FOR COMMERCIAL LAW PROFESSIONALS IL 527 COMMERCIAL LAW LEAGUE OF AMERICA 0 COMMERCIAL LAW LEAGUE OF AMERICA FUND FOR PUBLIC EDUCATION 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 600083726 363081246 EDUCATION IL 501(C)(3) LINE 7 COMMERCIAL LAW LEAGUE OF AMERICA 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0