2022-11-14T20:32:49-06:00 2021-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2021-01-01 521631358 EXECUTIVE LEADERSHIP COUNCIL (FKA EXECUTIVE LEADERSHIP FOUNDATION) EXEC 2026552952 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 HANNIBAL BRUMSKINE CHIEF FINANCIAL OFFICER 2026552952 2022-11-14 1 HANNIBAL BRUMSKINE 999009999 FREDERICK E DAVIS JR P00446023 2127094500 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MICHAEL HYTER 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 96926012 0 X WWW.ELCINFO.COM X 1989 DC TO PROVIDE AFRICAN-AMERICAN EXECUTIVES WHO SERVE OR SERVED IN SENIOR LEVEL MANAGEMENT POSITIONS, IN DOMESTIC AND INTERNATIONAL CORPORATIONS, WITH PROFESSIONAL FORUMS AND PROGRAMS TO OFFER PERSPECTIVE AND DIRECTION ON ECONOMIC, BUSINESS, AND PUBLIC POLICY ISSUES. 20 20 37 0 0 0 11340762 18671008 3626433 3425688 895735 6291252 119980 -997033 15982910 27390915 866001 2296347 0 0 2289572 5183816 0 0 2087365 11435286 10291758 14590859 17771921 1392051 9618994 45203453 54122664 5714055 6887183 39489398 47235481 X SEE SCHEDULE O 0 0 2936031 2144523 THE INSTITUTE FOR LEADERSHIP DEVELOPMENT & RESEARCH (THE INSTITUTE) STRIVES TO BE THE PREEMINENT INSTITUTION FOR RESEARCH AND DEVELOPMENT OF AFRICAN AMERICANS IN THE CORPORATE WORLD. THE INSTITUTE PROVIDES EXECUTIVE-LEVEL SEMINARS, PEER MENTORING, COACHING, AND NETWORKING OPPORTUNITIES WITH TOP CORPORATE EXECUTIVES AND LEADERSHIP DEVELOPMENT TRAINING. 2536346 1340930 THE ELC'S SCHOLARSHIP PROGRAMS OFFER HIGH-PERFORMING COLLEGE STUDENTS SCHOLARSHIPS AWARDS, INTERNSHIPS, MENTORING, AND UNIQUE ACCESS TO ELC MEMBERS, THEIR COMPANIES, AND STRATEGIC PARTNERS. ADDITIONAL PHILANTHROPIC PROGRAMMING AIMS TO INCREASE OPPORTUNITIES FOR YOUNG BLACK WOMEN AND MEN TO SUCCEED AS BUSINESS EXECUTIVES. 1605110 1138625 THE MID-LEVEL MANAGERS' SYMPOSIUM (MLMS) IS A TWO-DAY PROGRAM CONDUCTED BY ELC'S INSTITUTE, REACHING MORE THAN 800 HIGH-POTENTIAL BLACK PROFESSIONALS. MLMS TAKES ADVANTAGE OF THE SKILLS AND EXPERIENCE OF ELC MEMBERS AND OTHER CORPORATE EXECUTIVES WHO PROVIDE MID-LEVEL MANAGERS WITH BEST PRACTICES, CAREER STRATEGIES, AND INSIGHTS ABOUT THE CORPORATE AND BUSINESS SKILLS NEEDED TO ADVANCE IN THE WORKPLACE. 5181981 955417 142540 5181981 955417 142540 12259468 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 87 0 1 37 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MA MI MS NH NJ NM NY OH PA RI SC TN TX WA WI X HANNIBAL BRUMSKINE 2026552952 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 LLOYD W BROWN II CHAIR 5.00 X X 0 0 0 ED DANDRIDGE VICE CHAIR 5.00 X X 0 0 0 SENA KWAWU TREASURER 5.00 X X 0 0 0 NANCY ARMAND DIRECTOR 5.00 X 0 0 0 GENA ASHE DIRECTOR (EFFECTIVE 2.1.2021) 5.00 X 0 0 0 KIMBERLY A BLACKWELL DIRECTOR 5.00 X 0 0 0 GERALD CHARLES JR DIRECTOR 5.00 X 0 0 0 SHAUNDRA CLAY DIRECTOR (EFFECTIVE 2.1.2021) 5.00 X 0 0 0 WILLIAM P GIPSON DIRECTOR (TERM ENDED 1.31.2022) 5.00 X 0 0 0 THOMAS R HARVEY DIRECTOR 5.00 X 0 0 0 MARC HOWZE DIRECTOR 5.00 X 0 0 0 JANICE INNIS-THOMPSON DIRECTOR (EFFECTIVE 2.1.2021) 5.00 X 0 0 0 GALE V KING DIRECTOR 5.00 X 0 0 0 KENNETH B ROBINSON DIRECTOR (TERM ENDED 1.31.2022) 5.00 X 0 0 0 JEFFREY G WEBSTER DIRECTOR (TERM ENDED 1.31.2022) 5.00 X 0 0 0 ROY WEATHERS DIRECTOR (EFFECTIVE 2.1.2021) 5.00 X 0 0 0 TONIE LEATHERBERRY DIRECTOR 5.00 X 0 0 0 CHLOE BARZEY DIRECTOR (TERM ENDED 1.31.2021) 0.00 X 0 0 0 LEILANI BROWN DIRECTOR (TERM ENDED 1.31.2021) 0.00 X 0 0 0 GREGORY E DEAVENS DIRECTOR (TERM ENDED 1.31.2021) 0.00 X 0 0 0 CRYSTAL ASHBY INTERIM PRESIDENT & CEO (TERM ENDED 2.28.2021) 1.00 X X 406000 0 0 JENNIFER VASQUEZ DIRECTOR, GOVERNANCE AND BOARD OPERATIONS 40.00 X 203521 0 28111 MAYRA ESPINOZA DIRECTOR, MEMBER ENGAGEMENT 40.00 X 168229 0 18457 VALERIE I RAINFORD SECRETARY 5.00 X 0 0 0 HANNIBAL BRUMSKINE VP AND CHIEF FINANCIAL OFFICER 40.00 X 121090 0 9069 GAIL JOHSON VP AND CHIEF HUMAN RESOURCES OFFICER 40.00 X 121700 0 3416 ANTOINETTE RICE VP AND CHIEF MARKETING & COMMUNICATIONS OFFICER 40.00 X 300103 0 35862 PENELOPE TALLEY SVP AND CHIEF EXPERIENCE OFFICER 40.00 X 117517 0 13288 MICHAEL HYTER PRESIDENT & CEO 40.00 X 467494 0 30580 TERESA PAYNE NUNN VP AND CHIEF MEMBER OFFICER 40.00 X 322976 0 28368 CAMILLA MCGHEE VP ANDF CHIEF CORPORATE PARTNERSHIP OFFICER 40.00 X 374386 0 36488 LATESE BRIGGS VP AND CHIEF PHILANTHROPY OFFICER 40.00 X 276196 0 20866 CHRISTOPHER BUTTS VP AND CHIEF LEARNING OFFICER 40.00 X 302044 0 32680 JENNIFER SAMPSON FINANCE & ACCOUNTING COORDINATOR 40.00 X 136179 0 14571 3317435 0 271756 18 1 1 0 CREATIVE PRODUCERS GROUP 1220 OLIVE STREET SUITE 210 ST LOUIS MO 63103 PROFESSIONAL SERVICES 981910 SIGNATURE MEDIA GROUP SPEAKERS 1327 W WASHINGTON BLV SUITE 102B CHICAGO IL 60607 PROFESSIONAL SERVICES 707000 BLANK ROME LLP ONE LOGAN SQUARE 130 NORTH 18TH ST PHILADELPHIA PA 19103 LEGAL SERVICES 635147 1301 K STREET LIMITED PARTNERSHIP 1301 K ST NW WASHINGTON DC DC 20005 OFFICE SPACE 460696 KORN FERRY NW 5854 PO BOX 1450 MINNEAPOLIS MN 554855854 PROFESSIONAL SERVICES 395633 20 3150150 3464193 12056665 18671008 REGISTRATION FEES 900099 3425688 3425688 3425688 524652 524652 73214332 67447732 5766600 5766600 5766600 1090332 3464193 2087365 -997033 -997033 27390915 9716940 0 -997033 2097660 2097660 48687 48687 150000 150000 2403505 1018733 710283 674489 1929659 1230037 431754 267868 196021 101728 51663 42630 319581 165852 84228 69501 335050 173880 88305 72865 2898275 2178819 719456 637982 637982 80217 80217 234600 234600 805911 726940 69490 9481 67086 53732 13354 1383939 1383939 253756 253756 PROGRAM MANAGEMENT 3724992 2929461 795531 SPONSORSHIPS 50000 50000 155000 155000 17771921 12259468 3425088 2087365 11270053 14864540 2095706 4203267 2537694 3175317 101025 489718 2431375 1305635 1337211 1125740 27861764 30264082 45203453 54122664 880624 2488470 3121325 2747639 1712106 1651074 5714055 6887183 X 37415465 41335008 2073933 5900473 39489398 47235481 45203453 54122664 9618994 -1872911 0 X X 0 1 X 1 0 X 12163407 11756888 12731924 10732211 18670008 66054438 12163407 11756888 12731924 10732211 18670008 66054438 237870 65816568 640712 565466 601748 578901 524652 2911479 68965917 16371321 0.95430 0.95200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1082692 376857 705835 24233 24233 1324450 928778 395672 1125740 TENANT IMPROVEMENT ALLOWANCE 513779 DEFERRED LEASE OBLIGATION 531895 PPP LOAN 605400 1651074 X 25283404 -2869944 997033 -1872911 27156315 234600 234600 27390915 17537321 0 17537321 234600 234600 17771921 PART X, LINE 2: MANAGEMENT ANALYZED THE TAX POSITIONS TAKEN BY ELC AND CONCLUDED THAT AS OF DECEMBER 31, 2021, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN OR ARE EXPECTED TO BE TAKEN. 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EMEKA 1 5000 OLISAEMEKA UDEMADU 1 5000 RACHEL CLARK 1 5000 SANAA HOLSTON 1 5000 PART I, LINE 2: THE ORGANIZATION ESTABLISHED MILESTONES AGREED UPON WITH THE RECIPIENT PRIOR TO EXECUTING THE GRANT. MANAGEMENT OF BOTH ORGANIZATIONS MEET PERIODICALLY TO REVIEW HOW GRANT FUNDS WERE EXPENDED AND TO ENSURE THE FUNDS ARE BEING ACCOUNTED BASED ON GRANT GUIDELINES. GRANTS FOR GENERAL SUPPORT, ONCE APPROVED, ARE NOT SUBJECT TO FOLLOWUP MONITORING FOR USE OF GRANT FUNDS. X 0 0 0 0 0 0 0 0 0 MICHAEL HYTER PRESIDENT & CEO 417494 0 50000 0 0 0 0 0 30580 0 498074 0 0 0 CAMILLA MCGHEE VP ANDF CHIEF CORPORATE PARTNERSHIP 277672 0 96714 0 0 0 20300 0 16188 0 410874 0 0 0 CRYSTAL ASHBY INTERIM PRESIDENT & CEO (TERM ENDED 406000 0 0 0 0 0 0 0 0 0 406000 0 0 0 TERESA PAYNE NUNN VP AND CHIEF MEMBER OFFICER 293520 0 29456 0 0 0 12064 0 16304 0 351344 0 0 0 ANTOINETTE RICE VP AND CHIEF MARKETING & COMMUNICATI 254437 0 45666 0 0 0 19557 0 16305 0 335965 0 0 0 CHRISTOPHER BUTTS VP AND CHIEF LEARNING OFFICER 251702 0 50342 0 0 0 20300 0 12380 0 334724 0 0 0 LATESE BRIGGS VP AND CHIEF PHILANTHROPY OFFICER 240196 0 36000 0 0 0 11654 0 9212 0 297062 0 0 0 JENNIFER VASQUEZ DIRECTOR, GOVERNANCE AND BOARD OPERA 172408 0 31113 0 0 0 14325 0 13786 0 231632 0 0 0 MAYRA ESPINOZA DIRECTOR, MEMBER ENGAGEMENT 155749 0 12480 0 0 0 11842 0 6615 0 186686 0 0 0 JENNIFER SAMPSON FINANCE & ACCOUNTING COORDINATOR 128799 0 7380 0 0 0 7243 0 7328 0 150750 0 0 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANZATION MISSION: THE COUNCIL IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("CODE"). IN FURTHERANCE OF SUCH PURPOSES, THE COUNCIL SHALL: (1) PROVIDE AFRICAN-AMERICAN EXECUTIVES WHO SERVE OR SERVED IN SENIOR LEVEL MANAGEMENT POSITIONS, IN DOMESTIC AND INTERNATIONAL CORPORATIONS, WITH PROFESSIONAL FORUMS AND PROGRAMS TO OFFER PERSPECTIVE AND DIRECTION ON ECONOMIC, BUSINESS, AND PUBLIC POLICY ISSUES; (2) INCREASE THE VISIBILITY AND ENCOURAGE THE RECOGNITION AND ADVANCEMENT OF AFRICAN-AMERICAN BUSINESS EXECUTIVES; (3) PROVIDE EDUCATIONAL, PROFESSIONAL AND ECONOMIC OPPORTUNITIES, MENTORING PROJECTS, AND PROGRAMS TO IDENTIFY, PREPARE AND ADVANCE THE NEXT GENERATION OF AFRICAN-AMERICAN MANAGERS AND EXECUTIVES; (4) ENRICH THE "PIPELINE" OF FUTURE AFRICAN-AMERICAN BUSINESS LEADERS TO OPTIMIZE THEIR PRODUCTIVITY, GROWTH AND EVENTUAL CONTRIBUTION TO THE GOALS OF CORPORATE AMERICA THROUGH EDUCATION, MENTORING, EARLY IDENTIFICATION (PROGRAMS THAT TARGET HIGH SCHOOL STUDENTS), COMMUNITY ACTION, ROLE MODELING, AND TO ENGAGE IN SUCH OTHER ACTIVITIES AS MAY BE DESIRABLE OR REQUIRED TO ACCOMPLISH THE FOREGOING OBJECTS AND PURPOSES; (5) ENGAGE AFRICAN-AMERICAN CORPORATE OFFICERS WITH THOUGHTFUL INITIATIVE, DIRECTION, PROGRAMS AND EDUCATION TO ADDRESS ISSUES FACING AFRICAN-AMERICANS IN CORPORATE AMERICA; AND (6) ENCOURAGE EDUCATION REGARDING THE ECONOMIC EMPOWERMENT OF AFRICAN-AMERICAN AMERICA. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE COUNCIL SHALL EITHER BE VOTING MEMBERS OR NONVOTING MEMBERS. EACH VOTING MEMBER IS ENTITLED TO ONE VOTE. VOTING MEMBER SHALL BE EITHER: I) AN INDIVIDUAL SERVING IN A SENIOR LEVEL MANAGEMENT POSITION IN A FORTUNE 1000 OR GLOBAL 500 CORPORATION, OR IN ANOTHER ORGANIZATION OF SIMILAR SCALE AND SCOPE AS DETERMINED BY THE BOARD, II) AN INDIVIDUAL SERVING ON THE BOARD OF A FORTUNE 1000 OR GLOBAL 500 CORPORATION, III) AN INDIVIDUAL SERVING IN A SENIOR LEVEL MANAGEMENT POSITION IN A PROFESSIONAL SERVICES FIRM OF SIMILAR SCALE AND SCOPE, IV) AN ENTREPRENEUR, OR V) A RECOGNIZED THOUGHT LEADER (COLLECTIVELY "QUALIFIED POSITION") . FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS HAVE THE AUTHORITY TO NOMINATE AND ELECT THE BOARD OF DIRECTORS OF THE COUNCIL. FORM 990, PART VI, SECTION A, LINE 7B VOTING MEMBERS OF THE EXECUTIVE LEADERSHIP COUNCIL HAVE THE AUTHORITY TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS; APPROVE ANY "FUNDAMENTAL TRANSACTION" AS DEFINED IN THE NONPROFIT CORPORATION ACT OF THE DISTRICT OF COLUMBIA, INCLUDING BUT NOT LIMITED TO MERGER, SALE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE COUNCIL, CONVERSION OR DISSOLUTION OF THE COUNCIL; AND APPROVE ANY MATTER THAT MAY BE SUBMITTED TO THE VOTING MEMBERS BY THE BOARD OF DIRECTORS, IN THE DISCRETION OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE RETURN BY OUTSIDE TAX PREPARERS, THE FORM 990 IS FIRST REVIEWED BY MANAGEMENT AND IS THEN SUBMITTED TO THE AUDIT COMMITTEE WHO HAS THE DELEGATED RESPONSIBILITY OF REVIEWING THE RETURN PRIOR TO FILING BY THE BOARD OF DIRECTORS. AFTER THE AUDIT COMMITTEE REVIEWS AND IS IN AGREEMENT, THE RETURN IS FINALIZED AND SIGNED OFF BY THE OUTSIDE TAX PREPARERS AS WELL AS THE PRESIDENT & CEO OF THE COUNCIL. PRIOR TO FILING, THE FULL AND COMPLETE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ELC MONITORS ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL NEW BOARD MEMBERS TO IDENTIFY ANY CONFLICT THAT MAY ARISE WITH THEM SERVING ON THE BOARD OF DIRECTORS OF ELC. THEY ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM. THIS PROCESS IS REPEATED ANNUALLY WITH NEW AND CONTINUING MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT AND CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, WHICH CONSISTS OF PROFESSIONALS IN HUMAN RESOURCES AND VARIOUS OTHER MANAGEMENT SKILLS. THEY UTILIZE PROFESSIONAL SEARCH FIRMS FOR ADVICE AND RESEARCH ON COMPENSATION FOR EXECUTIVES IN SIMILAR INDUSTRIES, GEOGRAPHIC LOCATIONS, SIZE AND RESOURCES. THE PRESIDENT AND CEO REVIEWS THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES AND, BASED ON COMPARATIVE OUTSIDE DATA, MAKES RECOMMENDATIONS TO THE CHAIR OF THE COUNCIL FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART XII LINE 2C NO CHANGE FROM PRIOR YEAR