Management Leadership For Tomorrow
- Assets
- $53.4m
- Revenue
- $49.4m
- Investments
- $2.9m
- Employees
- 163
- Location
- Washington, DC
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 52-1795164
Organization Overview
Management Leadership For Tomorrow is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Management Leadership For Tomorrow employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Management Leadership For Tomorrow is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Management Leadership For Tomorrow generated $49.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $25.6m during the year ending 12/2021. While expenses have increased by 17.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RISING LEADER TALENT ADVANCEMENT PROGRAMS: MLT HAS A COMPREHENSIVE APPROACH TO ADVANCING THE CAREERS OF DIVERSE TALENT ON THE PATH TO SENIOR LEADERSHIP. THE GOAL IS TO DEVELOP HIGH IMPACT SENIOR LEADERS WHO CAN TRANSFORM OUR COUNTRY'S INSTITUTIONS AND VULNERABLE COMMUNITIES. MLT'S MULTI-PRONGED APPROACH INCLUDES: THE CAREER ADVANCEMENT PROGRAM (CAP), A 12-MONTH PROGRAM DESIGNED TO KEEP HIGH POTENTIAL MID-CAREER PROFESSIONALS ON THE PATH TO SENIOR MANAGEMENT; ONGOING PROFESSIONAL DEVELOPMENT SUPPORT FOR MLT RISING LEADERS, AND SUPPORT FOR CORPORATE PARTNERS SEEKING TO IDENTIFY AND RECRUIT MLT TALENT FOR OPEN POSITIONS.
BLACK EQUITY AT WORK: MLT BLACK EQUITY AT WORK CERTIFICATION ESTABLISHES A CLEAR AND COMPREHENSIVE BLACK EQUITY STANDARD FOR EMPLOYERS. THE CERTIFICATION PROVIDES THE ROADMAP AND THE RECOGNITION NECESSARY TO ENABLE AND ENCOURAGE EMPLOYERS ACROSS AMERICA TO PURSUE BLACK EQUITY WITH THE SAME RIGOR AND RESULTS ORIENTATION AS THEIR PURSUIT OF EARNINGS AND OTHER KEY PRIORITIES. THE CERTIFICATION:- ESTABLISHES AN ACHIEVABLE STANDARD FOR WHAT "GOOD" LOOKS LIKE AND HELPS EMPLOYERS BENCHMARK- OFFERS CRITICAL "HOW-TO" SUPPORT THAT MEETS EMPLOYERS WHERE THEY ARE- GIVES SENIOR EXECUTIVES CONFIDENCE THEIR ORGANIZATION CAN MAKE MEASURABLE PROGRESS ON THE JOURNEY TOWARD BLACK EQUITY- STRIKES THE BALANCE BETWEEN RIGOR AND ACHIEVABILITY, AND ENABLES EMPLOYERS TO RECEIVE RECOGNITION FOR COMMITTING TO ACTION, WITH ACCOUNTABILITY.
MLT'S EMPLOYER PLAYBOOK ADVISORY OFFERING HELPS EMPLOYERS DEVELOP AND IMPLEMENT MORE EFFECTIVE DIVERSITY STRATEGIES TO SUCCESSFULLY ATTRACT, RETAIN AND ADVANCE PROFESSIONALS OF COLOR, WHICH CREATES EASIER CAREER PATHWAYS FOR DIVERSE TALENT, INCLUDING MLT FELLOWS AND ALUMNI. MLT SUPPORTS ITS EMPLOYER PARTNERS BY: (1) HELPING THEM UNDERSTAND THE KEY ISSUES HOLDING THEM BACK ON DIVERSITY, (2) DEVELOPING A RIGOROUS TOP-DOWN DIVERSITY AND INCLUSION STRATEGY, AND (3) SUPPORTING PLAN EXECUTION TO MAXIMIZE EFFECTIVENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Donahue VP Growth Strategy | 40 | $250,815 | |
Cristal Baron Vp, Finance & Operations | Officer | 40 | $238,123 |
Patricia Hayling Price Managing Dir., Executive Program | 40 | $235,660 | |
Kristina Gilbert Managing Dir., Advisory Services | 40 | $235,097 | |
E John Rice Jr Founder / CEO | OfficerTrustee | 40 | $213,464 |
Mark Taguchi West Coast Managing Director | 40 | $213,062 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Aware Leader Executive Program Support | 12/30/21 | $290,660 |
Jonah Edelman Black Equity At Work | 12/30/21 | $274,375 |
Daryl Dickson Consulting Human Capital Support | 12/30/21 | $211,115 |
Ems Consulting Office Of The Ceo Support | 12/30/21 | $252,840 |
Coaching For Success Executive Program Support | 12/30/21 | $186,143 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,844 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,117,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,135,602 |
| Total Program Service Revenue | $9,256,334 |
| Investment income | $4,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,396,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $477,096 |
| Compensation of current officers, directors, key employees. | $47,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,806,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $615,892 |
| Payroll taxes | $868,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,950 |
| Fees for services: Accounting | $37,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,372,376 |
| Advertising and promotion | $69,047 |
| Office expenses | $123,889 |
| Information technology | $1,347,465 |
| Royalties | $0 |
| Occupancy | $383,474 |
| Travel | $62,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,548 |
| Interest | $2,313 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,522 |
| Insurance | $10,610 |
| All other expenses | $0 |
| Total functional expenses | $25,600,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,461,070 |
| Savings and temporary cash investments | $3,719,369 |
| Pledges and grants receivable | $9,200,432 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $256,667 |
| Net Land, buildings, and equipment | $862,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,887,161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,285 |
| Total assets | $53,416,960 |
| Accounts payable and accrued expenses | $1,984,905 |
| Grants payable | $0 |
| Deferred revenue | $2,374,177 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $142,069 |
| Total liabilities | $4,501,151 |
| Net assets without donor restrictions | $33,202,980 |
| Net assets with donor restrictions | $15,712,829 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $53,416,960 |
Grants Recieved
Over the last fiscal year, we have identified 34 grants that Management Leadership For Tomorrow has recieved totaling $5,164,310.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $2,050,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT MLT BLACK EQUITY AT WORK CERTIFICATION A NEW INITIATIVE TO DRIVE ACTION AND ACCOUNTABILITY ON BLACK EQUITY IN CORPORATE AMERICA | $500,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT MLT BLACK EQUITY AT WORK CERTIFICATION, A NEW INITIATIVE TO DRIVE ACTION AND ACCOUNTABILITY ON BLACK EQUITY IN CORPORATE AMERICA. | $500,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT MLT BLACK EQUITY AT WORK CERTIFICATION, A NEW INITIATIVE TO DRIVE ACTION AND ACCOUNTABILITY ON BLACK EQUITY IN CORPORATE AMERICA. | $500,000 |
Citi Foundation New York, NY PURPOSE: MLT ASCEND INITIATIVE | $350,000 |
Sobrato Family Foundation Mountain View, CA PURPOSE: MAKING THE COLLEGE-TO-CAREER TRANSITION WORK FOR A CRITICAL MASS OF SOUTH BAY STUDENTS OF COLOR TO ENSURE THAT COLLEGE DELIVERS ON ITS PROMISE OF LASTING ECONOMIC MOBILIY | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carlos Rosario International Public Charter School Washington, DC | $40,034,612 | $31,340,985 |
Management Leadership For Tomorrow Washington, DC | $53,416,960 | $49,396,463 |
Civic Nation Washington, DC | $14,143,972 | $26,153,225 |
Lundeberg Maryland Seamanship School Inc Camp Springs, MD | $45,157,117 | $7,542,637 |
Conservative Partnership Institute Washington, DC | $31,688,292 | $45,707,730 |
The Council For Professional Recognition Washington, DC | $70,372,041 | $16,997,488 |
Iuoe Training And Education Center Inc Washington, DC | $150,888,644 | $4,876,068 |
Umbc Training Enterprises Inc Columbia, MD | $4,982,165 | $14,677,321 |
Briya Public Charter School Washington, DC | $25,664,437 | $15,256,943 |
Council For A Strong America Washington, DC | $10,213,790 | $6,648,495 |
American Board For Certification In Orthotics & Prosthetics Inc Alexandria, VA | $27,674,862 | $8,130,856 |
International Womens Forum Washington, DC | $15,476,406 | $6,642,996 |