2024-11-11T16:23:51-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-01-01 810946810 CORPORATE LEGAL OPERATIONS CONSORTIUM CORP 8772064699 6081 MERIDIAN AVE 70-318 SAN JOSE CA 951202752 FRANCES POMPOSO TREASURER 8772064699 2024-11-09 1 1 TINA HENTON P00630282 4078021200 2024-11-08 2023 2024-10-15 13:58:12Z JENNIFER MCCARRON 6081 MERIDIAN AVE 70-318 SAN JOSE CA 951202752 11262082 0 X WWW.CLOC.ORG X 2015 DE ENHANCE LEGAL OPERATIONS COMPETENCE, IMPROVE IN-HOUSE LEGAL MGMT & PROMOTE INDUSTRY CHANGE. 9 6 18 0 0 0 0 0 7590017 8796613 26911 182889 0 0 7616928 8979502 60000 60000 0 0 1532490 2093260 0 0 0 4193488 4077436 5785978 6230696 1830950 2748806 6471216 10041857 1630155 2086994 4841061 7954863 X CLOC IS THE LEADING GLOBAL LEGAL OPERATIONS COMMUNITY TRANSFORMING THE BUSINESS AND PRACTICE OF LAW. CLOC SUPPORTS ITS MEMBERS THROUGH THREE CORE PRINCIPLES OF COMMUNITY, CONTENT, AND CONVERSATION. 0 0 5903623 60000 8796613 IN 2023, THE CORPORATE LEGAL OPERATIONS CONSORTIUM, INC. (CLOC) CONTINUED ITS MISSION TO OPTIMIZE THE OPERATION OF LEGAL DEPARTMENTS AND THE DELIVERY OF LEGAL SERVICES THROUGH A RANGE OF EDUCATIONAL, NETWORKING, AND INDUSTRY COLLABORATION INITIATIVES. AS A NOT-FOR-PROFIT TRADE ASSOCIATION, CLOC PROMOTES THE COMMON INTERESTS OF ITS MEMBERS AND COMMUNITY BY PROVIDING WORLD-CLASS CONTENT AND EDUCATION, IN ADDITION TO HOSTING TARGETED EVENTS FOR NETWORKING AND KNOWLEDGE SHARING. CLOC IS THE LARGEST ASSOCIATION SPECIFICALLY FOR LEGAL OPERATIONS PROFESSIONALS TO SUPPORT AND IMPROVE THE BUSINESS AND PRACTICE OF LAW. CLOC ENDED THE YEAR WITH OVER 6,300 MEMBERS ACROSS ALMOST 1,000 COMPANIES AND LAW FIRMS GLOBALLY, REPRESENTING LEGAL OPERATIONS PROFESSIONALS AND LEGAL SERVICE PROVIDERS FROM SMALL, MEDIUM, AND LARGE BUSINESSES, GOVERNMENT ENTITIES, AND ACADEMIC INSTITUTIONS.CLOC'S KEY ACCOMPLISHMENTS FOR 2023 COMPRISED OF ORGANIZING BOTH IN-PERSON AND VIRTUAL EVENTS, INCLUDING THE HIGHLY ATTENDED CLOC GLOBAL INSTITUTE (CGI), WHICH FEATURED OVER 70 EDUCATIONAL SESSIONS, ROUNDTABLES, AND NETWORKING OPPORTUNITIES. CGI, ALONG WITH REGIONAL SUMMITS (EMEA SUMMIT) AND OTHER PROGRAMS, ENABLED LEGAL PROFESSIONALS TO STAY UPDATED ON INDUSTRY TRENDS, TOOLS, AND BEST PRACTICES, FOSTERING A COLLABORATIVE ENVIRONMENT FOR DRIVING EFFICIENCY IN THE BUSINESS AND PRACTICE OF LAW. CGI, CLOC'S FLAGSHIP EDUCATIONAL EVENT, SAW ATTENDANCE OF OVER 2,300 PROFESSIONALS AND ITS EMEA SUMIT BROUGHT TOGETHER OVER 400 PROFESSIONALS. THESE EVENTS, COMBINED WITH THE FIRST EVER CLOC TALK LIVE NYC EVENT AND THE CALIFORNIA BAY AREA HOLIDAY BASH, ALLOWED CLOC TO REACH ITS MEMBERS FROM COAST TO COAST IN THE USA, AS WELL AS OVERSEAS. CLOC SUPPORTS ITS MEMBERS BY OFFERING REAL-TIME EDUCATION, NETWORKING, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES, SUCH AS WEBINARS AND REGIONAL MEET UPS, THAT HELP LEGAL OPERATIONS PROFESSIONALS RUN THEIR ORGANIZATIONS MORE EFFECTIVELY, FOSTERING GROWTH AND EXCELLENCE ACROSS THE INDUSTRY. JUST A FEW OF THE EXCITING TOPICS IN CLOC'S ASK-THE-EXPERTS WEBINAR SERIES WERE AROUND DEIB, GENERATIVE AI, CONTRACT LIFECYCLE MANAGEMENT, AS WELL AS MANY OTHERS.IN 2023, WHILE NOT LOSING FOCUS ON ITS ROOTS WITHIN THE UNITED STATES, CLOC TOOK STEPS TO HELP DEVELOP AN EMERGING COMMUNITY OF LEGAL OPERATIONS PROFESSIONALS OUTSIDE OF THE U.S., WHICH STEPS WILL HELP BRING TOGETHER HUNDREDS OF PROFESSIONALS, AND EXPOSE THEM TO THE LEGAL INDUSTRY TO PROMOTE CHANGE AND GROWTH. CLOC IS ACTIVELY SEEKING TO SUPPORT GROWTH IN REGIONS SUCH AS SPAIN, COLUMBIA, MEXICO AND BRAZIL.CLOC ALSO PILOTED A MENTORSHIP PROGRAM TO BRING EARLY CAREER PROFESSIONALS TOGETHER WITH MORE EXPERIENCED PROFESSIONALS AROUND THE COMMON INTEREST OF LEGAL OPERATIONS AND THE BUSINESS AND PRACTICE OF LAW.CLOC OFFERED TEN SCHOLARSHIPS TO HIGHER EDUCATION STUDENTS TO ATTEND CGI AND ALSO SHOWCASED INNOVATION OF ITS MEMBERS THROUGH THE CLOC LEGAL INNOVATION IN OPERATIONS (LIO) PROJECT. CLOC RECOGNIZED MEMBERS OF THE LEGAL ECOSYSTEM, FROM LAW FIRMS, TO CORPORATIONS TO PUBLIC SECTOR. 2023'S RECIPIENTS WERE FUNDACION APPLESEED MEXICO, WHICH APPLIED LEGAL OPERATIONS PRACTICES IN SUPPORT OF PRO BONO LEGAL SERVICES, CONSOLIDATED EDISON OF NEW YORK, WHICH SHOWCASED A LEGAL DEPARTMENT TRANSFORMATION INITIATIVE, AND NATIONWIDE, WHICH IMPROVED THE EFFECTIVENESS AND EFFICIENCY OF MANAGING OUTSIDE COUNSEL.CLOC CONTINUES TO LOOK TO THE FUTURE AND INVEST IN BOTH ITS MEMBERS AND IMPROVING THE BUSINESS AND PRACTICE OF LAW THROUGH GEOGRAPHIC GROWTH, SHIFTING THE LOCATION OF ITS CGI TO ACCOMMODATE ADDITIONAL ATTENDEES AND PARTICIPANTS, AS WELL AS REACHING ADDITIONAL MEMBERS BY RETURNING TO THE ASIA-PACIFIC REGION WITH THE APAC SUMMIT SCHEDULED FOR SEPTEMBER 21-22, 2024. 5903623 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 18 1 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 0 0 0 1 1 0 CA X DAVID DUPAIX 8772064699 C/O THE MILL 9690 S 300 W FL 3 SANDY UT 84070 MIKE HAVEN PRESIDENT & CEO 20.00 X X 149404 0 14815 FRANCES POMPOSO TREASURER 10.00 X X 25000 0 0 FARRAH PEPPER VICE PRESIDENT 4.00 X X 22500 0 0 DANIEL YI DIRECTOR 4.00 X 15000 0 0 AINE LYONS DIRECTOR 4.00 X 15000 0 0 JENN MCCARRON DIRECTOR 4.00 X 15000 0 0 JASON BARNWELL DIRECTOR 4.00 X 12500 0 0 LAURA DIEUDONNE DIRECTOR 4.00 X 12500 0 0 ADAM BECKER DIRECTOR 4.00 X 10000 0 0 LISA KONIE INTERIM EXECUTIVE DIRECTOR 40.00 X 198575 0 32093 NICOLE COTE HEAD OF EVENTS AND SALES 40.00 X 143712 0 9794 DAVID DUPAIX HEAD OF FINANCE 40.00 X 114457 0 14198 NICOLE ZAFIAN HEAD OF CONTENT & EDUCATION 40.00 X 123120 0 18860 JENNIFER BRYAN HEAD OF COMMUNITY 40.00 X 108788 0 11917 ANGELA DEN TEX HEAD OF MARKETING 32.00 X 107401 0 22031 1072957 0 123708 7 0 1 0 0 CONFERENCES 900099 7684594 7684594 MEMBERSHIP DUES 900099 861389 861389 SPONSORSHIP REVENUE 900099 181099 181099 VENDOR DIRECTORY 900099 50156 50156 JOB BOARD REVENUE 900099 19375 19375 8796613 160450 160450 2305019 2282580 22439 22439 22439 8979502 8796613 0 182889 60000 522387 1298353 67489 84902 120129 32259 69424 26387 235017 113113 7056 25851 3259575 41917 BANK FEES 162786 BAD DEBT EXPENSE 83106 OTHER EXPENSES 20945 6230696 1836283 754210 1976492 3554061 295003 117307 246709 288138 2116729 5328141 6471216 10041857 356697 479066 1273458 1607928 1630155 2086994 X 4841061 7954863 4841061 7954863 6471216 10041857 2748806 237095 127901 0 X 0 1 X 0 0 0 OTHER SECURITIES 5328141 F 5328141 X 9190210 237095 237095 8953115 26387 26387 8979502 6204309 0 6204309 26387 26387 6230696 PART X, LINE 2: CLOC IS A NONPROFIT SUPPORT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. CLOC HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO CLOC'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE IS UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. CLOC FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. 1 SCHOLARSHIPS 10 60000 N/A N/A PART I, LINE 2: THE SCHOLARSHIP IS FOR GRADUATE DEGREE (J.D., MBA, AND OTHER) STUDENTS WHO ARE INTERESTED IN A CAREER IN LEGAL OPERATIONS. LEGAL OPERATIONS PROFESSIONALS BRING THE LEADERSHIP, KNOWLEDGE AND EXPERIENCE NECESSARY TO DRIVE PEAK IN-HOUSE LEGAL DEPARTMENT PERFORMANCE. THEY OFFER A DEEP UNDERSTANDING OF THE INDUSTRY; EXPERT KNOWLEDGE OF BEST PRACTICES AND ENABLING TECHNOLOGIES; TEAM DEVELOPMENT SKILLS; AND CORE COMPETENCE IN IMPLEMENTING POLICIES, PROCESSES, AND TECHNOLOGIES TO INCREASE VALUE TO THE COMPANY WHILE DRIVING DOWN COSTS AND FOSTERING A GLOBALLY CONNECTED CULTURE. THE SCHOLARSHIP GRANT MAY ONLY BE USED FOR EDUCATIONAL EXPENSES SUCH AS TUITION, COURSE MATERIALS, BOOKS, ETC. THE SCHOLARSHIP IS AWARDED TO THE MOST PROMISING APPLICANTS WHOSE ESSAYS BEST SHOW A GENUINE INTEREST IN A LEGAL OPERATIONS CAREER. THE COMMITTEE ALSO CONSIDERS PRIOR WORK EXPERIENCE IN LEGAL OPERATIONS OR RELATED FIELDS. TO BE ELIGIBLE, APPLICANT MUST: (1) BE A CURRENT OR ENTERING STUDENT AT AN ACCREDITED GRADUATE UNIVERSITY IN THE UNITED STATES AND (2) BE INTERESTED IN PURSUING A CAREER IN LEGAL OPERATIONS. X 1 1 X X X X 0 0 0 LISA KONIE INTERIM EXECUTIVE DIRECTOR 198575 0 0 0 0 0 9593 0 22500 0 230668 0 0 0 MIKE HAVEN PRESIDENT & CEO 149404 0 0 0 0 0 7345 0 7470 0 164219 0 0 0 NICOLE COTE HEAD OF EVENTS AND SALES 143712 0 0 0 0 0 7256 0 2538 0 153506 0 0 0 PART I, LINE 1A THE PRESIDENT, MICHAEL HAVEN, WAS SCHEDULED TO ATTEND AND SPEAK AT THE CLOC EMEA SUMMIT. DUE TO THE CONSTRAINED SCHEDULE AND THE NEED TO ENSURE THE PRESIDENT'S AVAILABILITY AND WELL-BEING FOR THIS APPEARANCE, THE CORPORATION APPROVED TRAVEL ARRANGEMENTS IN UNITED AIRLINES POLARIS BUSINESS CLASS. THIS DECISION WAS MADE TO ALLOW THE PRESIDENT TO REMAIN PRODUCTIVE DURING THE TRIP AND APPEARANCE, MINIMIZE FATIGUE, AND FACILITATE EFFICIENT TRAVEL, ALIGNING WITH THE MISSION-CRITICAL NEEDS TO EXECUTE A SUCCESSFUL INTERNATIONAL SUMMIT. PART I, LINE 1B THIS FLIGHT WAS CONSIDERED AN ORDINARY AND NECESSARY BUSINESS EXPENSE AND THEREFORE NOT ADDITIONAL COMPENSATION. PART I, LINE 3 THE ORGANIZATION HAS A DOCUMENTED CRITERIA AND COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT BOARD MEMBERS WHO ARE NOT EMPLOYEES. THIS COMMITTEE PERFORMS AN ANNUAL REVIEW AND THEN CONDUCTS A VOTE WHERE ALL BOARD MEMBERS APPROVE EACH SEPARATE COMPENSATION AND RECUSE THEMSELVES FROM THE VOTE ON THEIR OWN COMPENSATION AMOUNT. THE FIRST VOTE WAS DOCUMENTED DECEMBER 31, 2018, AND HAS CONTINUED ANNUALLY. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE OFFICERS: PRESIDENT, VICE PRESIDENT, AND TREASURER AND SUCH OTHER OFFICERS AS MAY BE ELECTED OR APPOINTED IN ACCORDANCE WITH ARTICLE VI OF THE BYLAWS. THE CURRENT OFFICERS WERE ELECTED FROM THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS 4 CATEGORIES OF MEMBERSHIP, ALL OF WHICH ARE NON-VOTING CLASSES. THE TYPES ARE: (I) PROFESSIONALS EMPLOYED BY ANY TYPE OF ORGANIZATION TO WORK IN ITS IN-HOUSE LEGAL DEPARTMENT ("INDIVIDUAL MEMBERS"); (II) PROFESSIONALS EMPLOYED BY LAW FIRMS AND LEGAL SERVICE PROVIDERS THAT DO NOT QUALIFY FOR INDIVIDUAL MEMBERSHIP ("ECOSYSTEM MEMBERS"); (III) PROFESSORS, DEANS, AND OTHER EDUCATORS WHOSE PRIMARY SOURCE OF EMPLOYMENT IS WITHIN ACADEMIA ("ACADEMIA MEMBER"); AND (IV) FULL-TIME STUDENTS WITH AN INTEREST IN CORPORATE LEGAL OPERATIONS ("STUDENT MEMBERS"). THE RIGHTS AND DUTIES OF MEMBERS ARE SET FORTH IN ARTICLE II SECTION 4 OF THE BYLAWS AND LIMIT VOTING TO THE BOARD OF DIRECTORS ACTING IN THEIR CAPACITY AS DIRECTORS (SEE ARTICLE V). FORM 990, PART VI, SECTION A, LINE 7A UNDER THE CORPORATION'S INITIAL SET OF BYLAWS, THE CORPORATION HAD ONE CLASS OF MEMBERS. ALL MEMBERS HAD VOTING RIGHTS AND THUS, MEMBERS HAD THE RIGHT TO REJECT THE BOARD'S DECISION TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY. IN OCTOBER, 2022, THE CORPORATION'S BYLAWS WERE SUCCESSFULLY AMENDED BY VOTE OF THE VOTING MEMBER CLASS AND THE RIGHT OF MEMBERS TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY WAS REMOVED. AS OF OCTOBER, 2022, ONLY THE BOARD OF DIRECTORS (THE GOVERNING BODY) HAS THE RIGHT TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DIGITAL COPY OF THE DRAFT FORM 990 WILL BE CIRCULATED TO THE TREASURER AND EXECUTIVE DIRECTOR FOR APPROVAL, AND IF APPROVED, WILL BE INCLUDED AS A CONSENT AGENDA ITEM FOR THE NEXT QUARTERLY MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12 CLOC HAS APPROVED A CONFLICT OF INTEREST POLICY THAT TOOK EFFECT NOVEMBER 8, 2019. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A DOCUMENTED CRITERIA AND COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT BOARD MEMBERS WHO ARE NOT EMPLOYEES OR INVOLVED IN EXECUTIVE DUTIES. THIS COMMITTEE PERFORMS AN ANNUAL REVIEW AND THEN CONDUCTS A VOTE WHERE ALL BOARD MEMBERS APPROVE EACH SEPARATE COMPENSATION AND RECUSE THEMSELVES FROM THE VOTE ON THEIR OWN COMPENSATION AMOUNT. THE FIRST VOTE WAS DOCUMENTED DECEMBER 31, 2018 AND HAS CONTINUED ANNUALLY GOING FORWARD. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE GOVERNING DOCUMENTS ARE ALSO AVAILABLE ON THE WEBSITE AT WWW.CLOC.ORG/BYLAWS.