2023-11-09T06:54:12-06:00 2022-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-01-01 521795164 MANAGEMENT LEADERSHIP FOR TOMORROW INC MANA 2027512330 7200 WISCONSIN AVENUE 200 BETHESDA MD 20814 CRISTAL BARON HEAD OF DEV'L & VP OF FINANCE 2027512330 2023-11-09 1 CRISTAL BARON 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z E JOHN RICE JR 7200 WISCONSIN AVENUE 200 BETHESDA MD 20814 29625031 0 X WWW.MLT.ORG X 1992 VA SEE PART III, LINE 1. 14 13 218 1500 0 0 40135602 16667468 9256334 12657002 4527 296066 0 4495 49396463 29625031 0 0 0 0 13767455 20582167 0 0 1398337 11833225 14247457 25600680 34829624 23795783 -5204593 53416960 46267111 4501151 2835410 48915809 43431701 X MLT EXISTS TO ADVANCE RACIAL EQUITY BY ELEVATING THE CAREER AND ECONOMIC TRAJECTORY OF PEOPLE OF COLOR AND CHANGING EMPLOYER PRACTICES TO IMPROVE OUTCOMES FOR ALL 1 0 12795275 2047536 ECONOMIC MOBILITY FOR STUDENTS OF COLOR: MLT'S UNDERGRADUATE PROGRAMS ARE DESIGNED TO FIX THE BROKEN COLLEGE-TO-CAREER TRANSITION SO THAT STUDENTS ACHIEVE THE LASTING ECONOMIC MOBILITY EXPECTED OF A COLLEGE DEGREE.MLT'S CAREER PREP PROGRAM PROVIDES UNDERGRADUATES WITH THE COACHING, CAREER PLAYBOOK, AND ACCELERATING PROFESSIONAL CONNECTIONS THEY NEED TO LAND AND SUCCEED IN CAREER PATH JOBS AFTER COLLEGE. THE PROGRAM INCLUDES INTENSIVE ONE-ON-ONE PROFESSIONAL COACHING, LEADERSHIP AND ANALYTICAL SKILL DEVELOPMENT SEMINARS LED BY PARTNER CORPORATIONS, AND ACCESS TO RECRUITERS AT SOUGHT-AFTER FIRMS. MLT ASCEND IS A COLLEGE PERSISTENCE AND CAREER READINESS PROGRAM FOR LOW-INCOME, FIRST GENERATION STUDENTS OF COLOR THAT HELPS PARTICIPANTS REMAIN ON TRACK TO GRADUATE FROM COLLEGE AND START A FULFILLING CAREER.TURNPRO IS A PILOT PROGRAM WITH THREE UNIVERSITIES AND COLLEGES TO DRAMATICALLY INCREASE THE NUMBER OF UNDERGRADUATES RECEIVING MLT'S INTERVENTIONS. THE PILOT IS DESIGNED TO TEST UNIVERSITIES AS A CHANNEL PARTNER AND DEMONSTRATE THAT MLT'S INTERVENTIONS CAN DRIVE SIGNIFICANTLY BETTER FIRST JOB OUTCOMES THAN COMPARABLE STUDENTS WHO DO NOT BENEFIT FROM MLT'S INTERVENTIONS. 9443353 6337182 MAXIMIZING CAREER TRAJECTORIES: MLT HAS A COMPREHENSIVE APPROACH TO ADVANCING THE CAREERS OF DIVERSE TALENT ACROSS THE CAREER CONTINUUM, FROM EARLY CAREER TO SENIOR EXECUTIVE, INCLUDING IN SUPPORT OF MLT'S MORE THAN 10,000 ALUMNI.MLT'S MBA PROGRAMS (1) PREPARE EARLY CAREER PROFESSIONALS TO NAVIGATE THE COMPLEX JOURNEY TO GAIN ADMISSION TO AND SUCCESSFULLY COMPLETE BUSINESS SCHOOL ("MBA PREP") AND (2) PROVIDE FELLOWS WITH THE COACHING, PROFESSIONAL ROADMAP, AND ACCELERATING CONNECTIONS CRITICAL TO LANDING AND SUCCEEDING IN COMPETITIVE CAREER OPPORTUNITIES AFTER GRADUATION ("MBA PROFESSIONAL DEVELOPMENT"). MLT'S CAREER ADVANCEMENT PROGRAM (CAP) IS A 12-MONTH COHORT-BASED PROGRAM DESIGNED TO EMPOWER MID-CAREER PROFESSIONALS ON THE PATH TO SENIOR MANAGEMENT. THE SENIOR EXECUTIVE LEADERSHIP FELLOWSHIP SUPPORTS PROFESSIONALS ON THE PATH TO THE C-SUITE. MLT ALSO OFFERS ONGOING PROFESSIONAL DEVELOPMENT SUPPORT FOR MLT ALUMNI AND SUPPORT FOR CORPORATE PARTNERS SEEKING TO IDENTIFY AND RECRUIT MLT TALENT FOR OPEN SENIOR POSITIONS. 6922616 4272284 EQUITABLE EMPLOYER PRACTICES: MLT PROVIDES RACIAL EQUITY SOLUTIONS TO LEADING EMPLOYERS - DELIVERING INSIGHTS, KNOW-HOW AND TALENT - THAT WILL DRIVE TANGIBLE RACIAL EQUITY OUTCOMES. MLT'S ADVISORY OFFERING HELPS EMPLOYERS DEVELOP AND IMPLEMENT MORE EFFECTIVE DIVERSITY STRATEGIES SO THAT THEIR WORKPLACES WORK FOR PEOPLE OF COLOR THE WAY THEY DO FOR EVERYONE ELSE. MLT HELPS ITS EMPLOYER PARTNERS: 1) UNDERSTAND THE KEY ISSUES HOLDING THEM BACK, 2) DEVELOP A RIGOROUS STRATEGY, 3) EXECUTE THEIR PLANS TO MAXIMIZE EFFECTIVENESS, AND 4) ORIENT, ENGAGE, AND ACTIVATE LEADERS AT ALL LEVELS IN TAKING RESPONSIBILITY FOR THE STRATEGY.MLT'S RACIAL EQUITY AT WORK CERTIFICATION IS A FIRST OF ITS KIND ABSOLUTE STANDARD THAT PROVIDES THE ROADMAP AND THE RECOGNITION NECESSARY TO ENABLE AND ENCOURAGE EMPLOYERS ACROSS AMERICA TO PURSUE RACIAL 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, STRIKES THE BALANCE BETWEEN RIGOR AND ACCOUNTABILITY, AND ENABLES EMPLOYERS TO RECEIVE RECOGNITION FOR COMMITTING TO ACTION, WITH ACCOUNTABILITY. 29161244 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 166 0 1 218 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA FL GA IL KY MD MA MN NJ NY NC PA VA X CRISTAL BARON 2027512330 7200 WISCONSIN AVENUE 200 BETHESDA MD 20814 E JOHN RICE JR FOUNDER/CEO 40.00 X X 303972 0 31346 MARC JONES CHAIR 2.00 X X 0 0 0 DAVID CARLOCK TREASURER 2.00 X X 0 0 0 MAC LAFOLLETTE SECRETARY 2.00 X X 0 0 0 BARRY L WILLIAMS BOARD MEMBER 2.00 X 0 0 0 CHRISTY HAUBEGGER BOARD MEMBER 2.00 X 0 0 0 DAVID DEWILDE BOARD MEMBER 2.00 X 0 0 0 MATT HALPRIN BOARD MEMBER 2.00 X 0 0 0 VALENTINO CARLOTTI BOARD MEMBER 2.00 X 0 0 0 KEN COLEMAN BOARD MEMBER 2.00 X 0 0 0 TYLER DICKSON BOARD MEMBER 2.00 X 0 0 0 JOHN LEGEND BOARD MEMBER 2.00 X 0 0 0 MICHAEL RYAN BOARD MEMBER 2.00 X 0 0 0 ANDREW FLORANCE BOARD MEMBER 2.00 X 0 0 0 CRISTAL BARON VP, FINANCE & DEVELOPMENT 40.00 X 266200 0 1342 KRISTINA GILBERT MANAGING DIR., ADVISORY SERVICES 40.00 X 267976 0 31346 KEVIN DONAHUE VP, GROWTH STRATEGY 40.00 X 271200 0 1342 DAMIAN SACCOCIO VP, TECHNOLOGY 40.00 X 242987 0 1342 SHARTOYEA SCOTT DIXON VP, CAMPUS PROGRAMS/PARTNERSHIPS 40.00 X 240950 0 1342 MARK TAGUCHI VP, GENERAL MANAGER WEST COAST 40.00 X 238738 0 20917 1832023 0 88977 58 0 1 0 THE AWARE LEADER 7721 CALCUTTA RUN DR JONESTOWN TX 78645 EXECUTIVE PROGRAM SUPPORT 330616 JONAH EDELMAN 1144 SE MALDEN ST PORTLAND OR 97202 BLACK EQUITY AT WORK 322500 EMS CONSULTING 4100 N RANDOLPH STREET ARLINGTON VA 22207 OFFICE OF THE CEO SUPPORT 253895 DARYL DICKSON CONSULTING 6 DARTMOUTH COURT PITTSFORD NY 14534 HUMAN CAPITAL SUPPORT 215000 BERKELEY COACHING INSTITUTE LLC PO BOX 9601 BERKELEY CA 94709 SENIOR LEADER FELLOWSHIP 200000 20 16667468 16667468 CAREER COACHING 900099 4174265 4174265 ADVISORY FEES 900099 3906450 3906450 CERTIFICATION FEES 900099 2449375 2449375 TALENT NETWORK FEES 900099 1067502 1067502 PARTICIPANT FEES 900099 1059410 1059410 12657002 295622 295622 444 0 444 444 444 OTHER REVENUE 900099 4495 4495 4495 29625031 12657002 0 300561 X 602860 331751 60286 210823 17512798 14343425 2352477 816896 1095440 890125 147050 58265 1371069 1114708 180829 75532 94848 85905 8240 703 47519 47519 8009715 6749690 1048567 211458 273550 233636 39914 13039 11809 1133 97 1210995 1020824 188751 1420 95191 86216 8270 705 707057 631792 66928 8337 2896601 2842408 46440 7753 495305 448605 43032 3668 10730 9719 932 79 SUBS. AND PUBS. 158597 143644 13779 1174 BAD DEBT 130500 118196 11338 966 INTERNS 66202 64701 1422 79 MISC. EVENT EXPENSES 31817 28430 3012 375 5791 5660 124 7 34829624 29161244 4270043 1398337 36461070 2557890 3719369 27454332 9200432 8880673 100000 256667 485861 3382564 1053377 862976 2329187 2887161 4455142 29285 4026 53416960 46267111 1984905 2393035 2374177 442375 142069 0 4501151 2835410 X 33202980 35365201 15712829 8066500 48915809 43431701 53416960 46267111 -5204593 -279515 0 X 0 1 X 1 0 X 10758574 11762747 27169303 40135602 16667468 106493694 10758574 11762747 27169303 40135602 16667468 106493694 17208515 89285179 119 7320 9074 4527 295622 316662 5107 4495 9602 106819958 33743256 0.83580 0.82930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 313593 221784 91809 3068971 831593 2237378 2329187 LIMITED PARTNERSHIP 4455142 F 4455142 X 30092075 -279515 746559 467044 29625031 0 29625031 35576183 746559 746559 34829624 0 34829624 PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2022, MLT HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X X X 0 0 0 0 0 0 0 1 0 E JOHN RICE JR FOUNDER/CEO 253972 0 50000 0 0 0 0 0 31346 0 335318 0 0 0 KRISTINA GILBERT MANAGING DIR., ADVISORY SERVICES 247976 0 20000 0 0 0 0 0 31346 0 299322 0 0 0 KEVIN DONAHUE VP, GROWTH STRATEGY 251200 0 20000 0 0 0 0 0 1342 0 272542 0 0 0 CRISTAL BARON VP, FINANCE & DEVELOPMENT 246200 0 20000 0 0 0 0 0 1342 0 267542 0 0 0 MARK TAGUCHI VP, GENERAL MANAGER WEST COAST 218738 0 20000 0 0 0 0 0 20917 0 259655 0 0 0 DAMIAN SACCOCIO VP, TECHNOLOGY 222987 0 20000 0 0 0 0 0 1342 0 244329 0 0 0 SHARTOYEA SCOTT DIXON VP, CAMPUS PROGRAMS/PARTNERSHIPS 205950 0 35000 0 0 0 0 0 1342 0 242292 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUS PAYMENTS: - E. JOHN RICE, JR. $50,000 - KRISTINA GILBERT $20,000 - KEVIN DONAHUE $20,000 - CRISTAL BARON $20,000 - MARK TAGUCHI $20,000 - DAMIAN SACCOCIO $20,000 - SHARTOYEA SCOTT DIXON $35,000 ANDREA RICE SPOUSE TO THE CEO 181700 CONTRACTOR HIRED TO SUPPORT RACIAL EQUITY AT WORK PROGRAM 0 FORM 990, PART III, LINE 2 THE ORGANIZATION CONTINUED TO CONDUCT THE SAME PROGRAMS, BUT HAS RECHARACTERIZED ITS PROGRAM EFFORTS INTO THREE AREAS, AS DESCRIBED IN PART III. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE FINANCE DEPARTMENT AND THE CEO. A COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND BOARD MEMBERS OF MLT ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS SO THAT THE ORGANIZATION MAY ASSESS AND PREVENT POTENTIAL CONFLICTS OF INTEREST FROM ARISING. BOARD MEMBERS ARE ASKED TO DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST ANNUALLY AT ONE OF THE ORGANIZATION'S QUARTERLY BOARD MEETINGS. VIOLATION OF THE CONFLICT OF INTEREST POLICY RESULTS IN IMMEDIATE AND APPROPRIATE DISCIPLINE, UP TO AND INCLUDING IMMEDIATE TERMINATION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWED THE CEO'S COMPENSATION PACKAGE. THE BOARD UTILIZED A SALARY SURVEY FROM A NEW YORK NON-PROFIT CREATED AS A REFERENCE FOR SIMILAR SALARIES IN THE CITY. THE BOARD ALSO REVIEWED FORM 990S OF SIMILAR ORGANIZATIONS FOR REFERENCE. THE DELIBERATION AND DECISION OF THE BOARD REVIEW WAS DOCUMENTED IN THE MEETING MINUTES. THE BOARD DOES AN ANNUAL REVIEW OF THE CEO'S PERFORMANCE. THE CEO'S COMPENSATION WAS ESTABLISHED IN A REVIEW DONE IN FEBRUARY 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 305,279. MANAGEMENT AND GENERAL EXPENSES 50,205. FUNDRAISING EXPENSES 21,299. TOTAL EXPENSES 376,783. CONTRACT LABOR AND CONSULTANTS: PROGRAM SERVICE EXPENSES 6,444,411. MANAGEMENT AND GENERAL EXPENSES 998,362. FUNDRAISING EXPENSES 190,159. TOTAL EXPENSES 7,632,932.