2024-10-21T08:49:35-05:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 521795164 MANAGEMENT LEADERSHIP FOR TOMORROW MANA 2027512330 7200 WISCONSIN AVENUE 200 BETHESDA MD 20814 WIL PRIESTER CFO 2027512330 2024-10-21 1 0 ELIZABETH W HELLER P00397829 3019519090 2023 2024-10-15 13:58:12Z E JOHN RICE JR 7200 WISCONSIN AVENUE 200 BETHESDA MD 20814 36342837 0 X WWW.MLT.ORG X 1992 VA SEE PART III, LINE 1. 14 13 205 165 0 0 16667468 27738592 12657002 7460588 296066 1070907 4495 72750 29625031 36342837 0 0 0 0 20582167 24480621 0 0 1838726 14247457 16493642 34829624 40974263 -5204593 -4631426 46267111 41182746 2835410 2610105 43431701 38572641 X MLT EXISTS TO ADVANCE RACIAL EQUITY AND CLOSE PERSISTENT RACIAL WEALTH GAPS. 0 0 15502776 400700 ECONOMIC MOBILITY: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. THESE PROGRAMS PROVIDE 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.PROGRAMS INCLUDE CAREER PREP, TURNPRO, ASCEND, ALTFINANCE FELLOWSHIP, AND THE PRIVATE EQUITY ACCELERATOR 12601811 3223836 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. THESE PROGRAMS PROVIDE FELLOWS WITH THE COACHING, PROFESSIONAL ROADMAP, AND ACCELERATING CONNECTIONS CRITICAL TO LANDING AND SUCCEEDING IN BOTH BUSINESS SCHOOL AND IN COMPETITIVE CAREER OPPORTUNITIES. PROGRAMS INCLUDE MBA PREP, MBA PROFESSIONAL DEVELOPMENT, CAREER ADVANCEMENT PROGRAM, SENIOR EXECUTIVE LEADER FELLOWSHIP, AND THE EXPERIENCED TALENT NETWORK, AS WELL AS MLT'S ONGOING ALUMNI ENGAGEMENT EFFORTS. 7069862 3836052 EQUITABLE EMPLOYER PRACTICES:MLT PROVIDES A RANGE OF SOLUTIONS TO LEADING EMPLOYERS - DELIVERING INSIGHTS, KNOW-HOW AND TALENT THAT WILL DRIVE TANGIBLE RACIAL EQUITY OUTCOMES.THESE OFFERINGS 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 PROVIDES A ROADMAP AND RECOGNITION FOR THIS IMPORTANT WORK. 35174449 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 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 1 0 0 0 0 1 167 0 1 205 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 1 0 CA FL GA IL KY MD MA MN NJ NY NC PA VA OH CT CO MI X WIL PRIESTER 2027512330 7200 WISCONSIN AVENUE 200 BETHESDA MD 20814 E JOHN RICE JR FOUNDER / CEO 40.00 X X 402431 0 31228 MARC JONES CHAIR 2.00 X X 0 0 0 BARRY L WILLIAMS SECRETARY 2.00 X X 0 0 0 DAVID CARLOCK TREASURER 2.00 X 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 MAC LAFOLLETTE 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 274869 0 1342 WIL PRIESTER CFO 40.00 X 165010 0 10442 KRISTINA GILBERT MANAGING DIRECTOR, ADVISORY SERVICES 40.00 X 283654 0 31228 WILLIAM GILDEA PARTNERSHIPS STRATEGIST 40.00 X 237865 0 31228 KEVIN DONAHUE VP, GROWTH STRATEGY 40.00 X 267546 0 1342 KEVIN WILLIAMS MAN DIR PRIVATE EQUITY & ALT ASSETS 40.00 X 254000 0 11937 SHARTOYEA SCOTT DIXON VP, CAMPUS PROGRAMS/PARTNERSHIPS 40.00 X 241131 0 1342 2126506 0 120089 87 0 1 0 LIVEWORKSTRATEGIZE LLC 168 BEECHMONT DRIVE NEW ROCHELLE NY 10804 CAREER ADVANCEMENT PROGRAM SUPPORT 343250 JONAH EDELMAN 1144 SE MALDEN ST PORTLAND OR 97202 RACIAL EQUITY AT WORK 262500 EMS CONSULTING 4100 N RANDOLPH STREET ARLINGTON VA 22207 OFFICE OF THE CEO SUUPPORT 232685 BERKELEY COACHING INSTITUTE LLC PO BOX 9601 BERKELEY CA 94709 SENIOR LEADER FELLOWSHIP 222500 DARYL M DICKSON PHD 6 DARTSMOUTH COURT PITTSFORD NY 14534 HUMAN CAPITAL SUPPORT 214338 16 27738592 27738592 CERTIFICATION FEES 900099 2480938 2480938 ADVISORY FEES 900099 1795403 1795403 CAREER COACHING 900099 1309750 1309750 PARTICIPANT FEES 900099 1096705 1096705 TALENT NETWORK FEES 900099 777792 777792 7460588 1070907 1070907 OTHER REVENUE 900099 72750 72750 72750 36342837 7460588 0 1143657 X 885321 375448 237666 272207 20648241 17510155 1873423 1264663 1356483 1177550 115948 62985 1590576 1360199 153557 76820 92569 59147 33381 41 48216 48216 8605355 7636379 825278 143698 243181 208523 34658 15447 9869 5573 5 1627988 1340718 283102 4168 174339 111393 62868 78 868529 818577 41664 8288 3546777 3404729 136823 5225 777248 777248 14618 9340 5271 7 SUBS. AND PUBS. 219296 140118 79080 98 INTERNS 190439 190439 BAD DEBT 67999 43448 24521 30 MISC. EVENT EXPENSES 1240 1169 59 12 401 401 40974263 35174449 3961088 1838726 2557890 4533000 27454332 15923734 8880673 11755221 100000 1022301 485861 399140 4085922 1830805 2329187 2255117 4455142 5118382 4026 175851 46267111 41182746 2393035 2211172 442375 398933 2835410 2610105 X 35365201 24383554 8066500 14189087 43431701 38572641 46267111 41182746 -4631426 -227634 0 X 0 1 X 1 0 X 11762747 27169303 40135602 16667468 27738592 123473712 11762747 27169303 40135602 16667468 27738592 123473712 16463936 107009776 7320 9074 4527 295622 1070907 1387450 5107 4495 72750 82352 124943514 39351718 0.85650 0.83580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 321126 282725 38401 3764796 1548080 2216716 2255117 LIMITED PARTNERSHIP 5118382 F 5118382 36987016 -227634 871813 644179 36342837 0 36342837 41846076 871813 871813 40974263 0 40974263 X X X X 0 0 0 0 0 0 0 1 0 E JOHN RICE JR FOUNDER / CEO 362431 0 40000 0 0 0 0 0 31228 0 433659 0 0 0 KRISTINA GILBERT MANAGING DIRECTOR, ADVISORY SERVICES 283654 0 0 0 0 0 0 0 31228 0 314882 0 0 0 CRISTAL BARON VP, FINANCE & DEVELOPMENT 254869 0 20000 0 0 0 0 0 1342 0 276211 0 0 0 WILLIAM GILDEA PARTNERSHIPS STRATEGIST 237865 0 0 0 0 0 0 0 31228 0 269093 0 0 0 KEVIN DONAHUE VP, GROWTH STRATEGY 260046 0 7500 0 0 0 0 0 1342 0 268888 0 0 0 KEVIN WILLIAMS MAN DIR PRIVATE EQUITY & ALT ASSETS 254000 0 0 0 0 0 0 0 11937 0 265937 0 0 0 SHARTOYEA SCOTT DIXON VP, CAMPUS PROGRAMS/PARTNERSHIPS 218631 0 22500 0 0 0 0 0 1342 0 242473 0 0 0 WIL PRIESTER CFO 165010 0 0 0 0 0 0 0 10442 0 175452 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED MERIT-BASED BONUS PAYMENTS: - E. JOHN RICE, JR. $40,000 - KEVIN DONAHUE $7,500 - CRISTAL BARON $20,000 - SHARTOYEA SCOTT DIXON $22,500 ANDREA RICE SPOUSE TO THE CEO 145300 CONTRACTOR HIRED TO SUPPORT RACIAL EQUITY AT WORK PROGRAM 0 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 15 MLT ENGAGES AN INDEPENDENT CONSULTANT GROUP TO EVALUATE EXECUTIVE COMPENSATION. THIS GROUP PROVIDES AN INDEPENDENT STUDY WHICH IS USED TO REVIEW THE COMPENSATION PACKAGE OF THE CEO AS WELL AS MLT'S OFFICERS AND SENIOR LEADERSHIP TEAM. THE BOARD ALSO REVIEWED FORM 990S OF SIMILAR ORGANIZATIONS FOR REFERENCE. COMPENSATION OF THE CEO AND OTHER SENIOR LEADERSHIP TEAM MEMBERS WAS ESTABLISHED IN FEBRUARY 2023. THE DELIBERATION AND DECISION OF THE BOARD REVIEW WAS DOCUMENTED IN THE MEETING MINUTES. IN ADDITION, THE BOARD PERFORMS AN ANNUAL REVIEW OF THE CEO'S PERFORMANCE. 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 170,165. MANAGEMENT AND GENERAL EXPENSES 18,285. FUNDRAISING EXPENSES 9,725. TOTAL EXPENSES 198,175. CONTRACT LABOR AND CONSULTANTS: PROGRAM SERVICE EXPENSES 7,466,214. MANAGEMENT AND GENERAL EXPENSES 806,993. FUNDRAISING EXPENSES 133,973. TOTAL EXPENSES 8,407,180. MLT IMPACT FUND LLC 7200 WISCONSIN AVENUE BETHESDA MD 20814 INVESTMENTS DE 0 285817 MANAGEMENT LEADERSHIP FOR TOMORROW