2021-10-22T10:04:26-05:00 2020-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2020-01-01 521631358 EXECUTIVE LEADERSHIP COUNCIL (FKA EXECUTIVE LEADERSHIP FOUNDATION) EXEC 2026652952 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 EDWIN THARP ACTING CHIEF FINANCIAL OFFICER 7037065200 2021-10-22 1 EDWIN THARP 999009999 FREDERICK E DAVIS JR P00446023 2127094500 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z OTHA T SKIP SPRIGGS 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 22364748 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. 17 17 27 0 0 0 12731924 11340762 3321322 3626433 2522927 895735 -1571025 119980 17005148 15982910 537262 866001 0 0 3331975 2289572 0 0 795436 11260309 11435286 15129546 14590859 1875602 1392051 41431411 45203453 5327665 5714055 36103746 39489398 X SEE SCHEDULE O 0 0 2005867 STRATEGIC CONSULTING AND BOARD INITIATIVES: MEETINGS ARE HELD WORLDWIDE AND DESIGNED TO PROVIDE ELC MEMBERS WITH NETWORKING AND LEADERSHIP OPPORTUNITIES, PROFESSIONAL DEVELOPMENT, RESEARCH AND LEADERSHIP BRIEFINGS. MEMBERS ARE INFORMED ABOUT IMPORTANT BUSINESS, PUBLIC POLICY, AND LEADERSHIP TRENDS AND ISSUES AFFECTING BUSINESSES AND THE AFRICAN-AMERICAN COMMUNITY. GUEST SPEAKERS INCLUDE SENIOR AFRICAN-AMERICAN CORPORATE EXECUTIVES AND CEOS FROM FORTUNE 1000 COMPANIES, HIGHER EDUCATION AND PUBLIC POLICY LEADERS, RESEARCHERS, COMMUNITY DEVELOPMENT EXPERTS, AND OTHERS 1764802 2925244 THE MID-LEVEL MANAGERS' SYMPOSIUM (MLMS) IS A TWO-DAY PROGRAM CONDUCTED BY THE ELC'S INSTITUTE REACHING MORE THAN 800 HIGH POTENTIAL AFRICAN-AMERICAN 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 OTHERS 1594716 288000 THE SCHOLARSHIPS PROGRAM WAS CREATED TO IDENTIFY AND SUPPORT INDIVIDUALS THAT ARE ACTIVELY PERSUING SECONDARY LEVEL EDUCATION IN THE AFRICAN AMERICAN COMMUNITY. 4944448 866001 4553426 4944448 866001 4553426 10309833 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 80 0 1 27 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 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 EDWIN THARP 7174656471 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 TONIE LEATHERBERRY CHAIR 5.00 0.00 X X 0 0 0 THOMAS R HARVEY VICE CHAIR 5.00 0.00 X X 0 0 0 VALERIE I RAINFORD VICE CHAIR 5.00 0.00 X X 0 0 0 LEILANI M BROWN SECRETARY 5.00 0.00 X X 0 0 0 GREGORY E DEAVENS TREASURER 5.00 0.00 X X 0 0 0 NANCY ARMAND DIRECTOR 5.00 0.00 X 0 0 0 GALE V KING DIRECTOR 5.00 0.00 X 0 0 0 CHLOE BARZEY DIRECTOR 5.00 0.00 X X 0 0 0 SENA KWAWU DIRECTOR 5.00 0.00 X X 0 0 0 GERALD CHARLES JR DIRECTOR 5.00 0.00 X X 0 0 0 LLOYD BROWN II DIRECTOR 5.00 0.00 X X 0 0 0 WILLIAM GIPSON DIRECTOR 5.00 0.00 X X 0 0 0 KEN B ROBINSON DIRECTOR 5.00 0.00 X X 0 0 0 EDWARD DANDRIDGE DIRECTOR 5.00 0.00 X X 0 0 0 KIMBERLY BLACKWELL DIRECTOR 5.00 0.00 X X 0 0 0 MARC A HOWZE DIRECTOR 5.00 0.00 X X 0 0 0 JEFF G WEBSTER DIRECTOR 5.00 0.00 X X 0 0 0 ORLANDO D ASHFORD EX-OFFICIO 5.00 0.00 X X 0 0 0 BERYL ISAAC UP TO APR 2020 VP/EXEC DIRECTOR, FINANCE 40.00 0.00 X 325530 0 11278 CAMILLA MCGHEE VP PROGRAM 40.00 0.00 X 300179 0 20387 ANTOINETTE RICE VP COMMUNICATIONS 40.00 0.00 X 296282 0 21003 SATONYA FAIR VP PHILANTHROPY 40.00 0.00 X 139295 0 9804 CHRISTOPHER BUTTS VP INSTITUTE 40.00 0.00 X 279681 0 16982 TERESA PAYNE NUNN VP MEMBER SERVICES 40.00 0.00 X 325252 0 12028 JENNIFER VASQUEZ CHIEF OF STAFF 40.00 0.00 X 166816 0 11878 JUSTINA VICTOR SR RESEARCH MANAGER INSTITUTE 40.00 0.00 X 135933 0 9906 MERKENA COOPER SENIOR ACCOUNTANT 40.00 0.00 X 127010 0 9105 MAYRA ESPINOZA SR PROGRAM MANAGER INSTITUTE 40.00 0.00 X 163283 0 212365 DEBORAH MCCALL SENIOR MANAGER INSTITUTE 40.00 0.00 X 121851 0 8828 2381112 0 343564 11 0 1 0 BLANK ROME LLP ONE LOGAN SQUARE 130 NORTH 18TH ST PHILADELPHIA PA 19103 LEGAL SERVICES 1129560 CRYSTAL ASHBY 1301 K STREET NW WASHINGTON DC 20005 INTERIM CEO PRESIDENT 610093 CHESS CONSULTING LLC 11710 PLAZA AMERICA DRIVE RESTON VA 20190 PROFESSIONAL SERVICES 281617 SIGNATURE MEDIA GROUP SPEAKERS 1327 W WASHINGTON BLV SUITE 102B CHICAGO IL 60607 PROFESSIONAL SERVICES 281000 LAUREN GRANT DBA THE GRANT ACCESS 60 PARKWAY DRIVE E APT 1C EAST ORANGE NJ 60607 PROFESSIONAL SERVICES 194128 5 3516650 3075324 4748788 11340762 REGISTRATION FEES 900099 3626433 3626433 3626433 578901 578901 5903236 5586402 316834 316834 316834 915416 3075324 795436 119980 119980 15982910 3626433 0 1015715 866001 866001 2289572 719023 1452892 117657 2563669 1281974 1273415 8280 161835 161835 444931 194708 247509 2714 77571 77571 150672 134125 11122 5425 1598290 1589331 8959 241245 241245 PROGRAM MANAGEMENT 4911031 4249671 661360 DONATIONS 1281304 1275000 6304 ALL OTHER EXPENSES 4738 4738 14590859 10309833 3485590 795436 9239852 11270053 607935 2095706 1623338 2537694 179950 101025 2389089 1051878 1554929 1337211 28225407 27861764 41431411 45203453 1552434 880624 172241 0 2446330 3121325 1156660 1712106 5327665 5714055 X 35236134 37415465 867612 2073933 36103746 39489398 41431411 45203453 1392051 1993601 0 X X 0 1 X 1 0 X 10779688 12163407 11756888 12731924 10732211 58164118 10779688 12163407 11756888 12731924 10732211 58164118 142221 58021897 397995 640712 565466 601748 578901 2784822 60948940 15486203 0.95200 0.94680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1082692 270476 812216 24233 24233 1282164 781402 500762 1337211 TENANT IMPROVEMENT ALLOWANCE 741889 DEFERRED LEASE OBLIGATION 364817 PPP LOAN 605400 1712106 X 17814676 2113581 -119980 1993601 15821075 161835 161835 15982910 14429024 0 14429024 161835 161835 14590859 PART X, LINE 2: MANAGEMENT ANALYZED THE TAX POSITIONS TAKEN BY ELC AND CONCLUDED THAT AS OF DECEMBER 31, 2020, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN OR ARE EXPECTED TO BE TAKEN. ACCORDINGLY, NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS HAVE BEEN ACCRUED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ANNUAL GALA 3990740 3075324 915416 795436 3990740 3075324 915416 795436 795436 119980 1 AL MARTINS' SCHOLARSHIP AWARD 4 168000 0 ANN FUDGE SCHOLARSHIP AWARD 9 175000 0 BUSINESS CASE SCHOLARSHIP AWARD 11 70001 0 NATIONAL ESSAY COMPETITION SCHOLARSHIP AWARD 9 121000 0 PRAXAIR ENGINEERS OF TOMORROW SCHOLARSHIP AWARD 5 60000 0 NATIONWIDE FUTURE LEADERS SCHOLARSHIP AWARD 11 132000 0 BRISTOL MYERS SQUIBB 8 100000 0 RAYTHEON TECHNOLOGIES 5 40000 0 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 BERYL ISAAC UP TO APR 2020 VP/EXEC DIRECTOR, FINANCE 324859 0 0 0 671 0 11278 0 0 0 336808 0 0 0 CAMILLA MCGHEE VP PROGRAM 254322 0 44969 0 888 0 20093 0 294 0 320566 0 0 0 ANTOINETTE RICE VP COMMUNICATIONS 250272 0 45122 0 888 0 20709 0 294 0 317285 0 0 0 CHRISTOPHER BUTTS VP INSTITUTE 235017 0 43776 0 888 0 16688 0 294 0 296663 0 0 0 TERESA PAYNE NUNN VP MEMBER SERVICES 266444 0 57920 0 888 0 11734 0 294 0 337280 0 0 0 JENNIFER VASQUEZ CHIEF OF STAFF 140771 0 25430 0 615 0 11705 0 173 0 178694 0 0 0 MAYRA ESPINOZA SR PROGRAM MANAGER INSTITUTE 139191 0 23500 0 592 0 212195 0 170 0 375648 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