2025-11-06T14:16:17-06:00 2024-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2024-01-01 521795164 MANAGEMENT LEADERSHIP FOR TOMORROW MANA 2027512330 4500 EAST WEST HIGHWAY SUITE 150 BETHESDA MD 20814 WILBUR PRIESTER VP & CHIEF FINANCIAL OFFICER 2027512330 2025-11-04 1 0 GRAYLIN SMITH P00644233 4105840060 2024 2025-03-06 01:10:19Z WILBUR PRIESTER 4500 EAST WEST HIGHWAY SUITE 150 BETHESDA MD 20814 41916774 0 X WWW.MLT.ORG X 1992 VA SEE PART III, LINE 1. 15 14 211 204 0 0 27738592 36521699 7460588 4839033 1070907 556042 72750 0 36342837 41916774 0 0 0 0 24480621 27187523 0 0 2618482 16493642 13931225 40974263 41118748 -4631426 798026 41182746 43174196 2610105 3611115 38572641 39563081 MLT ACCELERATES ECONOMIC MOBILITY BY EXPANDING CAREER OPPORTUNITIES FOR INDIVIDUALS AND IMPROVING EMPLOYER PRACTICES TO CREATE INCLUSIVE, MERITOCRATIC WORKPLACES WHERE EVERYONE CAN THRIVE. 0 0 22274993 2899318 ECONOMIC MOBILITY: STRENGTHENING THE COLLEGE-TO-CAREER PIPELINEDESPITE IMPRESSIVE GAINS IN COLLEGE ACCESS OVER THE YEARS, ~50% OF ALL COLLEGE GRADUATES ARE UNEMPLOYED OR IN A JOB THAT DOESN'T REQUIRE A COLLEGE DEGREE SOON AFTER GRADUATION. GRADUATES FROM LOW-INCOME HOUSEHOLDS EARN ~15% LESS IN STARTING SALARY THAN PEERS FROM HOUSEHOLDS MAKING MORE THAN $100,000. MLT WORKS WITH THOUSANDS OF COLLEGE STUDENTS EACH YEAR TO EXPAND THEIR ECONOMIC OPPORTUNITIES BY GIVING THEM A PROVEN PLAYBOOK AND CONNECTING THEM WITH TOP EMPLOYERS. 98% OF MLT FELLOWS SECURE JOBS AFTER GRADUATION WITH AN AVERAGE STARTING SALARY OF $90,000, WHICH PROVIDES IMMEDIATE ECONOMIC MOBILITY. 7823505 862323 MAXIMIZING CAREER TRAJECTORIES TO EXPAND ECONOMIC OPPORTUNITYGETTING A GREAT FIRST JOB IS AN IMPORTANT START, BUT THRIVING FROM THERE REQUIRES STEADILY BUILDING THE EXPERIENCES, MENTORS, AND NETWORKS REQUIRED TO ADVANCE. MLT STAYS WITH INDIVIDUALS THROUGHOUT THEIR CAREERS, HELPING THEM MAINTAIN POSITIVE EARNINGS TRAJECTORIES AND MAXIMIZE THEIR LEADERSHIP INFLUENCE IN AREAS LIKE HIRING, PROMOTION, INVESTMENT, AND OTHER DECISIONS THAT HAVE THE POTENTIAL TO EXPAND ECONOMIC OPPORTUNITY FOR OTHERS. OVER 1,000 MLT ALUMNI HAVE ASCENDED TO SENIOR LEADERSHIP POSITIONS AND THERE ARE OVER 15,000 MLT RISING LEADERS COMING UP BEHIND THEM. 4449221 1077392 IMPROVING EMPLOYER PRACTICES TO EXPAND ECONOMIC OPPORTUNITYMLT IS A KEY TALENT SOURCE AND TRUSTED ADVISOR TO OVER 200 MAJOR EMPLOYERS THAT COLLECTIVELY EMPLOY OVER 7 MILLION AMERICANS. MLT'S INSIGHTS, FRAMEWORKS, AND BEST PRACTICES HELP EMPLOYERS SIGNIFICANTLY EXPAND THEIR HIRING PIPELINES, IMPROVE THE WAY THEY DEVELOP THEIR NEXT GENERATION OF LEADERS, IMPLEMENT MORE MERITOCRATIC TALENT EVALUATION PRACTICES, IMPROVE THEIR PAY AND BENEFITS PRACTICES TO BETTER SERVE ALL EMPLOYEES, AND MUCH MORE. 34547719 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 1 0 0 0 0 1 149 0 1 211 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO CT FL GA IL KY MA MD MI MN NC NJ NY OH PA VA X WILBUR PRIESTER 2027512330 4500 EAST WEST HIGHWAY SUITE 150 BETHESDA MD 20814 ANDREW FLORANCE BOARD MEMBER 2.00 X 0 0 0 CHRISTY HAUBEGGER BOARD MEMBER 2.00 X 0 0 0 DAVID CARLOCK BOARD MEMBER 2.00 X X 0 0 0 DAVID DEWILDE BOARD MEMBER 2.00 X 0 0 0 E JOHN RICE CEO 40.00 X X 397481 0 32347 FRANCES MESSANO BOARD MEMBER 2.00 X 0 0 0 IME ARCHIBONG BOARD MEMBER 2.00 X 0 0 0 JOHN LEGEND BOARD MEMBER 2.00 X 0 0 0 KEN COLEMAN BOARD MEMBER 2.00 X 0 0 0 MAC LAFOLLETTE BOARD MEMBER 2.00 X 0 0 0 MARC JONES BOARD MEMBER 2.00 X X 0 0 0 MATT HALPRIN BOARD MEMBER 2.00 X 0 0 0 MICHAEL RYAN BOARD MEMBER 2.00 X 0 0 0 SUSAN SCHUMAN BOARD MEMBER 2.00 X 0 0 0 TYLER DICKSON BOARD MEMBER 2.00 X 0 0 0 CASEY RECUPERO VP & CHIEF OPERATIONS OFFICER 40.00 X 295572 0 32347 CRISTAL BARON VP & CHIEF ADVANCEMENT OFFICER 40.00 X 262056 0 2406 WILBUR PRIESTER VP & CHIEF FINANCIAL OFFICER 40.00 X 284828 0 21762 DAMIAN SACCOCIO VP & CHIEF TECHNOLOGY OFFICER 40.00 X 236377 0 2406 SHARTOYEA SCOTT DIXON VP & CHIEF PROGRAMS OFFICER 40.00 X 224791 0 2406 WILLIAM GILDEA VP & CHIEF PARTNERSHIPS OFFICER 40.00 X 243798 0 32347 KEVIN DONAHUE VP & CHIEF STRATEGY OFFICER 40.00 X 267380 0 2406 KEVIN WILLIAMS MD, PE & ALT ASSETS FELLOWS 40.00 X 259067 0 12200 KRISTINA GILBERT VP & CHIEF ADVISORY OFFICER 40.00 X 283997 0 32347 MARK TAGUCHI VP & CHIEF STARTUPS AND IMPACT OFFICER 40.00 X 232425 0 23765 MELISSA BOASBERG VP, CHIEF OF STAFF 40.00 X 248117 0 2581 3235889 0 199320 12 0 1 0 LIVEWORKSTRATEGIZE LLC 168 BEECHMONT DRIVE NEW ROCHELLE NY 10804 CAREER ADVANCEMENT SUPPORT 308000 JONAH EDELMAN 700 WATERFRONT WAY UNIT 333 VANCOUVER WA 98660 RACIAL EQUITY AT WORK 262500 DARYL M DICKSON PHD 6 DARTMOUTH COURT PITTSFORD NY 14534 OFFICE OF THE CEO SUPPORT 238115 BERKELEY COACHING INSTITUTE LLC PO BOX 9601 BERKELEY CA 94709 SENIOR LEADER FELLOWSHIP 233000 BORIS GUEVARA MOYSTON 661 BRYANT AVENUE TEANECK NJ 07666 CONSULTANT FOR MLT STARTUP & IMPACT FUND 181350 13 36521699 36521699 CAREER COACHING 900099 1584055 1584055 PARTICIPANT FEES 900099 1155998 1155998 TALENT NETWORK FEES 900099 789834 789834 CERTIFICATION FEES 900099 763875 763875 ADVISORY FEES 900099 545271 545271 4839033 556042 556042 41916774 4839033 0 556042 X 3435209 2475042 554052 406115 20347482 16555663 2107027 1684792 1623830 1347559 146107 130164 1781002 1477991 160249 142762 95641 95641 48504 48504 6126501 5583178 333742 209581 229803 202726 27077 60292 48748 11016 528 1401682 1148834 247256 5592 3506948 3439226 34000 33722 1145913 1136867 6134 2912 780129 710600 69529 34268 34268 SUBS AND PUBS 266994 212839 51914 2241 BAD DEBT 222564 196460 26031 73 OTHER EXPENSES 11986 11986 41118748 34547719 3952547 2618482 4533000 3664543 15923734 5644686 11755221 24229242 1022301 643014 399140 641190 4457773 2610939 2255117 1846834 5118382 6426497 175851 78190 41182746 43174196 2211172 2321636 398933 1289479 2610105 3611115 X 24383554 12254556 14189087 27308525 38572641 39563081 41182746 43174196 798026 192414 0 X X 0 1 X 1 0 X 27169303 40135602 16667468 27738592 36521699 148232664 27169303 40135602 16667468 27738592 36521699 148232664 40566289 107666375 9074 4527 295622 1070907 566042 1946172 5107 4495 72750 82352 150261188 150261188 0.71650 0.85650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 323457 317258 6199 4134316 2293681 1840635 1846834 LIMITED PARTNERSHIP 6426497 F 6426497 X 43204453 192414 1095265 1287679 41916774 0 41916774 42214013 1095265 1095265 41118748 0 41118748 PART X, LINE 2: MLT IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, MLT QUALIFIES UNDER SECTION 509(A)(2) AS A PUBLICLY SUPPORTED ORGANIZATION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MLT PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2024 REMAINS OPEN WITH THE U.S. FEDERAL OR ANY STATE JURISDICTIONS FOR WHICH MLT FILES TAX RETURNS. IT IS MLT'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. X X X X 0 0 0 0 0 0 0 0 0 E JOHN RICE CEO 397481 0 0 0 0 0 0 0 32347 0 429828 0 0 0 CASEY RECUPERO VP & CHIEF OPERATIONS OFFICER 295572 0 0 0 0 0 0 0 32347 0 327919 0 0 0 KRISTINA GILBERT VP & CHIEF ADVISORY OFFICER 283997 0 0 0 0 0 0 0 32347 0 316344 0 0 0 WILBUR PRIESTER VP & CHIEF FINANCIAL OFFICER 284828 0 0 0 0 0 0 0 21762 0 306590 0 0 0 WILLIAM GILDEA VP & CHIEF PARTNERSHIPS OFFICER 243798 0 0 0 0 0 0 0 32347 0 276145 0 0 0 KEVIN WILLIAMS MD, PE & ALT ASSETS FELLOWS 259067 0 0 0 0 0 0 0 12200 0 271267 0 0 0 KEVIN DONAHUE VP & CHIEF STRATEGY OFFICER 267380 0 0 0 0 0 0 0 2406 0 269786 0 0 0 CRISTAL BARON VP & CHIEF ADVANCEMENT OFFICER 262056 0 0 0 0 0 0 0 2406 0 264462 0 0 0 MARK TAGUCHI VP & CHIEF STARTUPS AND IMPACT OFFIC 232425 0 0 0 0 0 0 0 23765 0 256190 0 0 0 MELISSA BOASBERG VP, CHIEF OF STAFF 248117 0 0 0 0 0 0 0 2581 0 250698 0 0 0 DAMIAN SACCOCIO VP & CHIEF TECHNOLOGY OFFICER 236377 0 0 0 0 0 0 0 2406 0 238783 0 0 0 SHARTOYEA SCOTT DIXON VP & CHIEF PROGRAMS OFFICER 224791 0 0 0 0 0 0 0 2406 0 227197 0 0 0 ANDREA RICE SPOUSE TO THE CEO 174034 CONSULTING SERVICES TO SUPPORT MLT PATH 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 EMPLOYERS 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: PROGRAM SERVICE EXPENSES 5,583,178. MANAGEMENT AND GENERAL EXPENSES 333,742. FUNDRAISING EXPENSES 209,581. TOTAL EXPENSES 6,126,501. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. MLT IMPACT FUND LLC 4500 EAST WEST HIGHWAY SUITE 150 BETHESDA MD 20814 INVESTMENTS DE 792328 MANAGEMENT LEADERSHIP FOR TOMORROW