2022-10-10T14:18:06-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2021-01-01 521681028 THE LEADERSHIP FOUNDATION LEAD 2024126010 1155 15TH STREET NW 1000 WASHINGTON DC 20005 STEPHANIE O'KEEFE CEO 2024126010 2022-10-10 1 STEPHANIE OKEEFE 999009999 J ANDREW SMITH P00635175 5712279500 2022-10-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X STEPHANIE O'KEEFE 1155 15TH STREET NW 1000 WASHINGTON DC 20005 0 0 X WWW.IWFORUM.ORG/LEADERSHIP_FOUNDATION.ASPX X 1990 DC THE FOUNDATION ADVANCES THE CAREERS OF HIGH-POTENTIAL WOMEN THROUGH LEADERSHIP DEVELOPMENT PROGRAMS. X 0 0 0 21 0 0 207528 0 542665 0 45297 0 70 0 795560 0 0 0 0 0 502052 0 0 0 0 386913 0 888965 0 -93405 0 8607233 0 1174054 0 7433179 0 X THE LEADERSHIP FOUNDATION, INC. (THE FOUNDATION), ESTABLISHED IN 1990, IS THE MECHANISM BY WHICH IWF MEMBERS ADVANCE THE NEXT GENERATION OF WOMEN LEADERS. THE FOUNDATION ACCELERATES THE CAREERS OF TOP-PERFORMING WOMEN BY OFFERING MENTORING, NETWORKING AND WORLD-CLASS LEADERSHIP DEVELOPMENT TRAINING. THE FOUNDATION SEEKS TO INCREASE THE NUMBER OF WOMEN IN THE C-SUITE AND POSITIONS OF INFLUENCE GLOBALLY AND FULFILLS THIS MISSION THROUGH ITS FLAGSHIP INITIATIVE, THE FELLOWS PROGRAM. 0 1 NONE. 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AR CA CT DC FL GA IL MD MA MI NJ NM NY OH OK OR PA UT VA WA X STEPHANIE O'KEEFE 2024126010 1155 15TH STREET NW 1000 WASHINGTON DC 20005 TONI RANDOLPH PRESIDENT 0.10 X X 0 0 0 LEEANNE LINDERMAN TREASURER 0.10 X X 0 0 0 HOLLY CANNON DIRECTOR 0.10 X 0 0 0 KATHLEEN CARROLL DIRECTOR 0.10 X 0 0 0 KATHY CHECCHI DIRECTOR 0.10 X 0 0 0 SILVIA DAVILA DIRECTOR 0.10 X 0 0 0 DONNA DE VARONA DIRECTOR 0.10 X 0 0 0 BARBARA FAULKENBERRY DIRECTOR 0.10 X 0 0 0 MARIA FERERE DIRECTOR 0.10 X 0 0 0 KARYL INNIS DIRECTOR 0.10 X 0 0 0 SHAMIM JAWAD DIRECTOR 0.10 X 0 0 0 LOU KERR DIRECTOR 0.10 X 0 0 0 FRANCOISE LYON DIRECTOR 0.10 X 0 0 0 TOTSIE MEMELA DIRECTOR 0.10 X 0 0 0 MARGO PROVOST DIRECTOR 0.10 X 0 0 0 ESTHER SILVER-PARKER DIRECTOR 0.10 X 0 0 0 CAROL SISCO DIRECTOR 0.10 X 0 0 0 ALISON TAUTON-RIGBY DIRECTOR 0.10 X 0 0 0 DEBORAH TRUDEAU DIRECTOR 0.10 X 0 0 0 TERESA WEINTRAUB DIRECTOR 0.10 X 0 0 0 MARTY WIKSTROM DIRECTOR EMERITA 0.10 X 0 0 0 STEPHANIE O'KEEFE CHIEF EXECUTIVE OFFICER/SE 8.00 32.00 X 0 438665 31102 HEATH NASH CHIEF OPERATING OFFICER 8.00 32.00 X 0 300211 18843 0 738876 49945 0 0 1 0 0 0 0 0 0 0 0 0 0 695586 0 777794 0 8250 0 45530 0 0 0 0 0 478 0 0 0 1390 0 7077205 0 0 0 0 1000 0 8607233 0 11894 0 666336 0 495824 0 1174054 0 X 310491 0 7122688 0 7433179 0 8607233 0 X 0 -7433179 X 0 0 0 X X 1 INTERNATIONAL WOMEN'S FORUM 840919612 10 1 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 LINE A2 PLEASE SEE THE EXPLANATION TO PART IV, SECTION A, LINE 3B. LINE 3B PRIOR TO THE MERGER ON 1/1/2021 (SEE SCHEDULE O, PART III, LINE 3 FOR EXPLANATION), THE SUPPORTED ORGANIZATION IS QUALIFIED FOR EXEMPTION UNDER 501(C) (6) PER THE IRS DETERMINATION LETTER SUPPLIED TO THE ORGANIZATION. IN ADDITION, THE SUPPORTED ORGANIZATION FURNISHED A PROFORMA SCHEDULE A COMPLETION OF PART III IN EVIDENCE THAT THEY MET THE 33 1/3' PUBLIC SUPPORT TEST. THE COPY OF THE PROFORMA SCHEDULE A WILL BE HELD IN A FILE AND WILL BE MADE AVAILABLE UPON REQUEST. LINE 3C PRIOR TO THE MERGER ON 1/1/2021 (SEE SCHEDULE O, PART III, LINE 3 FOR EXPLANATION), THE LEADERSHIP FOUNDATION'S ASSETS WERE USED SOLELY FOR CHARITABLE PURPOSES, EITHER TO SUPPORT THE GENERAL AND ADMINISTRATIVE COSTS OF THE ORGANIZATION OR PROGRAM LINES, WHICH BENEFITED THE PUBLIC. MEASUREMENTS IN PLACE TO ENSURE ASSETS ARE APPLIED FOR CHARITABLE PURPOSES INCLUDE THE LEADERSHIP FOUNDATION INVESTMENT POLICY, ESTABLISHED TO MANAGE HOW ENDOWMENT FUNDS ARE UTILIZED; FINANCIAL OVERSIGHT BY THE CHIEF EXECUTIVE OFFICER AND BOARD OF DIRECTORS; AND AN ANNUAL FINANCIAL AUDIT COMPLETED BY AN OUTSIDE INDEPENDENT AUDITING FIRM. 7109938 0 0 -7109938 6522635 32533 834680 279910 7109938 5639541 33750 1113708 264364 6522635 5995732 120575 -204921 271845 5639541 5340074 23000 854801 222143 5995732 0.00000 0.00000 0 1 1 0 0 0 0 0 0 0 0 0 0 STEPHANIE O'KEEFE CHIEF EXECUTIVE OFFICER/SE 0 438111 0 0 0 554 0 17400 0 13702 0 469767 0 0 HEATH NASH CHIEF OPERATING OFFICER 0 300018 0 0 0 193 0 13875 0 4968 0 319054 0 0 PART 1, LINE 3 DURING 2020 (DUE TO THE PANDEMIC AND UNCERTAINTY) STEPHANIE O'KEEFE AND HEATH NASH HAD A 25% REDUCTION IN SALARY. IN THE BEGINNING OF 2021, THE BOARD APPROVED THE REINSTATEMENT OF SALARIES AND "RETRO" PAY FOR UNPAID SALARY. CASH 2021-01-01 1473380 BOOK VALUE 840919612 INTERNATIONAL WOMENS FORUM 1155 15TH STREET NW SUITE 1000 WASHINGTON DC 20005 501(C)(3) INVESTMENTS 2021-01-01 7077205 BOOK VALUE 840919612 INTERNATIONAL WOMENS FORUM 1155 15TH STREET NW SUITE 1000 WASHINGTON DC 20005 501(C)(3) RECEIVABLES 2021-01-01 53780 BOOK VALUE 840919612 INTERNATIONAL WOMENS FORUM 1155 15TH STREET NW SUITE 1000 WASHINGTON DC 20005 501(C)(3) FIXED ASSETS 2021-01-01 1390 BOOK VALUE 840919612 INTERNATIONAL WOMENS FORUM 1155 15TH STREET NW SUITE 1000 WASHINGTON DC 20005 501(C)(3) PREPAID EXPENSES 2021-01-01 478 BOOK VALUE 840919612 INTERNATIONAL WOMENS FORUM 1155 15TH STREET NW SUITE 1000 WASHINGTON DC 20005 501(C)(3) OTHER ASSETS 2021-01-01 1000 BOOK VALUE 840919612 INTERNATIONAL WOMENS FORUM 1155 15TH STREET NW SUITE 1000 WASHINGTON DC 20005 501(C)(3) 1 0 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: HOLLY CANNON (DIRECTOR), ALISON TAUNTON RIGBY (DIRECTOR), KATHLEEN CARROLL (DIRECTOR), SYLVIA DAVILA (DIRECTOR), DEBORAH TRUDEAU (DIRECTOR) PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: WITH THE MERGER OF THE LEADERSHIP FOUNDATION (LF) WITH THE INTERNATIONAL WOMEN'S FORUM (IWF), THE IWF NOMINATING COMMITTEE SELECTED A NUMBER OF FORMER LF DIRECTORS FOR SERVICE ON IWF BOARD. FORM 990, PART III, LINE 3 ON JANUARY 1, 2021, THE LEADERSHIP FOUNDATION (THE FOUNDATION) MERGED WITH THE INTERNATIONAL WOMEN'S FORUM (IWF). THE FOUNDATION'S FLAGSHIP INITIATIVE, THE FELLOWS PROGRAM, HAS CONTINUED UNDER IWF'S GUIDANCE AND, TO DATE, HAS ELEVATED MORE THAN 600 INTERNATIONAL FELLOWS SOCIETY'S RISING STARS TO ACCELERATE THE POTENTIAL OF THE NEXT GENERATION, AND TO LEAD THE WORLD TOMORROW. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE MAY EXERCISE THE POWERS OF THE BOARD OF DIRECTORS WHEN THE BOARD IS NOT IN SESSION, REPORTING TO THE BOARD AT ITS NEXT SUCCEEDING MEETING FOLLOWING SUCH ACTION. THE EXECUTIVE COMMITTEE SHALL MEET, IN PERSON OR BY PHONE, UPON THREE (3) DAYS NOTICE, AND SHALL TAKE ACTION BY MAJORITY VOTE. THE COMMITTEE IS COMPRISED OF THE FOUNDATION PRESIDENT, VICE PRESIDENT, TREASURER, INTERNATIONAL WOMEN'S FORUM PRESIDENT, AND THE CORPORATE SECRETARY. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE SHALL BE COMPRISED OF THE INTERNATIONAL WOMEN'S FORUM PRESIDENT, THE FOUNDATION PRESIDENT, AND THREE (3) ADDITIONAL MEMBERS; ALL OF SUCH ADDITIONAL MEMBERS SHALL BE EITHER CURRENT OR FORMER DIRECTORS OF THE CORPORATION WHO ARE NOT AT THE TIME CANDIDATES FOR ELECTION AS DIRECTORS OF THE CORPORATION. THE ADDITIONAL MEMBERS OF THE NOMINATING COMMITTEE WILL BE DETERMINED AND APPOINTED BY MUTUAL AGREEMENT OF THE FOUNDATION PRESIDENT AND INTERNATIONAL WOMEN'S FORUM PRESIDENT AND AFFIRMED BY THE BOARD ANNUALLY. THE FOUNDATION PRESIDENT WILL SERVE AS CHAIR OF THE NOMINATING COMMITTEE. THIS COMMITTEE WILL RECOMMEND A SLATE OF POTENTIAL DIRECTORS TO FILL ANY AND ALL VACANCIES ON THE BOARD AND MAY, BUT IS NOT REQUIRED TO, NOMINATE DIRECTORS EMERITI. THE BOARD WILL VOTE ON THE SLATE OF POTENTIAL DIRECTORS AS PRESENTED AND RECOMMEND BY AFFIRMATIVE MAJORITY VOTE THE SLATE FOR FINAL APPROVAL BY THE INTERNATIONAL WOMEN'S FORUM EXECUTIVE COMMITTEE. IF THE SLATE IS NOT ACCEPTED BY A MAJORITY VOTE OF THE BOARD AND/OR IS NOT APPROVED BY THE INTERNATIONAL WOMEN'S FORUM EXECUTIVE COMMITTEE, THE NOMINATING COMMITTEE WILL RECONVENE TO SELECT A NEW SLATE TO BE CONSIDERED BY THE BOARD AND THE INTERNATIONAL WOMEN'S FORUM EXECUTIVE COMMITTEE. THE BOARD WILL VOTE ON PROPOSED DIRECTORS EMERITI (IF ANY) SEPARATELY FROM THE SLATE OF DIRECTORS AND DIRECTORS EMERITI PROPOSED BY THE NOMINATING COMMITTEE SHALL BE ELECTED UPON A MAJORITY VOTE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, A COPY OF FORM 990 IS FURNISHED TO MANAGEMENT AND BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WHENEVER A DIRECTOR, OFFICER, OR COMMITTEE MEMBER BECOMES AWARE OF A POTENTIAL CONFLICT OF INTEREST, WHETHER FINANCIAL OR OTHERWISE, S/HE SHALL MAKE THE SITUATION KNOWN TO THE BOARD OR COMMITTEE (AS THE CASE MIGHT BE) AND PROVIDE ALL FACTS MATERIAL TO UNDERSTANDING THE NATURE AND SCOPE OF THE CONFLICT, INCLUDING WHETHER THE INTERESTED PERSON BELIEVES HIS OR HER ABILITY TO MAKE AN INDEPENDENT DECISION BASED SOLELY ON THE BEST INTEREST OF THE LEADERSHIP FOUNDATION HAS BEEN COMPROMISED. IF THE INTERESTED PERSON INVOLVED DOES NOT MAKE THIS DISCLOSURE, ANOTHER DIRECTOR OR COMMITTEE MEMBER WITH KNOWLEDGE OF THE POTENTIAL CONFLICT SHOULD DRAW IT TO THE BODY'S ATTENTION. THE INTERESTED PERSON WITH THE POTENTIAL CONFLICT MUST RETIRE FROM THE MEETING AND NOT PARTICIPATE IN FINAL DISCUSSION AND VOTING ON THE EXISTENCE OF THE CONFLICT. IF A CONFLICT IS FOUND TO EXIST, THE INTERESTED PERSON MAY BE INVITED TO PROVIDE ANY RELEVANT INFORMATION THAT COULD BE OF USE TO THE BOARD IN MAKING ITS DECISION, BUT SHALL AGAIN RETIRE AND NOT PARTICIPATE IN THE FINAL DISCUSSION AND VOTING REGARDING THE TRANSACTION. THE BOARD OR COMMITTEE'S DECISION SHALL BE BASED ON CONSIDERATION OF WHETHER THE TRANSACTION; A.IS IN THE LEADERSHIP FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT; B.IS FAIR AND REASONABLE TO THE FOUNDATION; AND C.IS THE MOST ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS UNDER THE CIRCUMSTANCES. PROCEDURE: STAFF WHENEVER A STAFF MEMBER BECOMES AWARE OF A POTENTIAL CONFLICT OF INTEREST IN AN AREA WHERE S/HE EXERCISES ANY DISCRETION IN CARRYING OUT HER/HIS DUTIES FOR THE IWF, S/HE SHALL PROMPTLY DISCLOSE THE POTENTIAL CONFLICT TO AN IMMEDIATE SUPERVISOR. THE SUPERVISOR SHALL GATHER PERTINENT INFORMATION AND REPORT THE POTENTIAL CONFLICT TO THE CHIEF OPERATING OFFICER, TOGETHER WITH A RECOMMENDATION FOR ACTION. THE CHIEF OPERATING OFFICER SHALL DETERMINE WHETHER A CONFLICT EXISTS THAT REQUIRES RECUSAL OF THE INTERESTED PERSON. WHEN A CONFLICT IS FOUND TO EXIST, THE INTERESTED PERSON SHALL PROVIDE THE SUPERVISOR WITH ALL INFORMATION S/HE HAS RELEVANT TO ANY DECISION TO BE MADE IN WHICH S/HE HAS AN INTEREST, AND THE FINAL DECISION SHALL BE MADE BY THE CHIEF EXECUTIVE OFFICER BASED ON A RECOMMENDATION FROM THE SUPERVISOR. IF THE CHIEF EXECUTIVE OFFICER HAS A POTENTIAL CONFLICT, S/HE SHALL DISCLOSE IT TO THE BOARD PRESIDENT OR HIS OR HER DESIGNEE WHO SHALL DETERMINE THE EXISTENCE OF A CONFLICT. AT HIS OR HER DISCRETION, THE PRESIDENT MAY REFER THE MATTER TO A COMMITTEE OF THE BOARD OR THE FULL BOARD. ANNUAL DISTRIBUTION, ACKNOWLEDGMENT, AND DISCLOSURE THIS CONFLICT OF INTEREST POLICY SHALL BE DISTRIBUTED ANNUALLY TO ALL DIRECTORS, OFFICERS, MEMBERS OF BOARD COMMITTEES, AND STAFF. ALL COVERED INDIVIDUALS SHALL SIGN AN ANNUAL ACKNOWLEDGMENT THAT THEY HAVE RECEIVED A COPY OF THIS POLICY, UNDERSTAND IT, AND AGREE TO ABIDE BY ITS TERMS. FORM 990, PART VI, SECTION C, LINE 19 THE LEADERSHIP FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE BY-LAWS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: MERGER WITH INTERNATIONAL WOMEN'S FORUM AT 1/1/2021 -7,433,179. INTERNATIONAL WOMENS FORUM 1155 15TH STREET NW SUITE 1000 WASHINGTON DC 20005 840919612 PUBLIC POLICY DC 501(C)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 INTERNATIONAL WOMEN'S FORUM R 8607233 BOOK VALUE