2020-11-16T12:41:49-06:00 2019-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32 FL NEW YORK NY 10005 990 2019-01-01 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 2020-11-16 1 FREDERICK E DAVIS JR P00446023 2127094500 71.105.111.105 2020-11-16 12:20:28 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8E71274A446D3AC31D17222BF8FD02E6716820E5 2019 2021-01-29 14:40:06Z OTHA T SKIP SPRIGGS 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 21225515 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. 18 18 26 0 0 0 11756888 12731924 2818152 3321322 2384315 2522927 -1291912 -1571025 15667443 17005148 577120 537262 0 0 3403655 3331975 0 0 2509821 8756968 11260309 12737743 15129546 2929700 1875602 36593400 41431411 5591657 5327665 31001743 36103746 X SEE SCHEDULE O 0 0 2281616 2623937 LEADERSHIP INSTITUTE: THE INSTIUTE 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. 1773051 319000 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 1068638 1917625 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 INSIGHTS ABOUT THE CORPORATE AND BUSINESS SKILLS NEEDED TO ADVANCE. 3784163 537262 1207500 WOMEN'S LEADERSHIP FORUM 3784163 537262 1207500 8907468 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 64 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 X 18 18 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 BERYL H ISAAC 2026552952 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 TONIE LEATHERBERRY CHAIR 5.00 X X 0 0 0 CRYSTAL ASHBY VICE CHAIR 5.00 X X 0 0 0 LEILANI M BROWN SECRETARY 5.00 X X 0 0 0 GREGORY E DEAVENS TREASURER 5.00 X X 0 0 0 NANCY ARMAND DIRECTOR 5.00 X 0 0 0 GALE V KING DIRECTOR 5.00 X 0 0 0 CHLOE BARZEY DIRECTOR 5.00 X 0 0 0 SENA KWAWU DIRECTOR 5.00 X 0 0 0 GERALD T CHARLES DIRECTOR 5.00 X 0 0 0 VALERIE I RAINFORD DIRECTOR 5.00 X 0 0 0 WILLIAM GIPSON DIRECTOR 5.00 X 0 0 0 KEN B ROBINSON DIRECTOR 5.00 X 0 0 0 THOMAS R HARVEY DIRECTOR 5.00 X 0 0 0 GERI P THOMAS DIRECTOR 5.00 X 0 0 0 MARC A HOWZE DIRECTOR 5.00 X 0 0 0 JEFF G WEBSTER DIRECTOR 5.00 X 0 0 0 ORLANDO D ASHFORD EX-OFFICIO 5.00 X 0 0 0 OTHA SPRIGGS III PRESIDENT & CEO 40.00 X X 592092 0 13356 BERYL ISAAC VP/EXEC DIRECTOR, FINANCE 40.00 X 348955 0 22218 CAMILLA MCGHEE VP PROGRAM 40.00 X 258030 0 17913 ANTOINETTE RICE VP COMMUNICATIONS 40.00 X 216205 0 13146 KELLY V DARNELL COO 40.00 X 301928 0 0 SATONYA FAIR VP PHILANTHROPY 40.00 X 262672 0 9625 CHRISTOPHER BUTTS VP INSTITUTE 40.00 X 159837 0 175 TERESA PAYNE NUNN VP MEMBER SERVICES 40.00 X 261339 0 1386 MICHAEL E DUTTON SENIOR MANAGER COMMUNICATIONS 40.00 X 160105 0 13295 JENNIFER VASQUEZ CHIEF OF STAFF 40.00 X 152117 0 9618 JUSTINA VICTOR SR RESEARCH MANAGER INSTITUTE 40.00 X 127640 0 8766 MERKENA COOPER SENIOR ACCOUNTANT 40.00 X 110587 0 7197 ROXANNE CAESAR SR PROGRAM MANAGER MEMBER SERVICES 40.00 X 116365 0 7559 DEBORAH MCCALL SR PROGRAM MANAGER INSTITUTE 40.00 X 124540 0 9067 AGAPIA Z REDWOOD SENIOR MANAGER INSTITUTE 40.00 X 127215 0 5087 3319627 0 138408 15 0 1 0 LAUREN GRANT DBA THE GRANT ACCESS 60 PARKWAY DRIVE E APT 1C EAST ORANGE NJ 07017 PROFESSIONAL SERVICES 369653 BLANK ROME LLP ONE LOGAN SQUARE 130 NORTH 18TH ST PHILADELPHIA PA 191036998 LEGAL SERVICES 226996 KAREN DYER 4506 TAMARON DRIVE GREENSBORO NC 27410 PROFESSIONAL SERVICES 131499 NONPROFIT HR SOLUTIONS LLC 1400 EYE STREET NW SUITE 500 WASHINGTON DC 20005 PROFESSIONAL SERVICES 121547 4 3131000 6781579 2819345 12731924 REGISTRATION FEES 900099 3321322 3321322 3321322 601748 601748 1773431 1858294 623879 1086667 1149552 771627 1921179 1921179 938796 6781579 2509821 -1571025 -1571025 17005148 3321322 0 951902 537262 537262 1613210 678796 784652 149762 1031397 433985 501663 95749 163450 65380 98070 283409 113364 170045 240509 96204 144305 1386541 946086 197991 242464 315410 315410 92469 92469 120828 120828 511777 242725 138635 130417 288944 288944 767081 537443 113456 116182 3349268 2254870 73311 1021087 374349 374349 32624 32624 PROGRAM MANAGEMENT 2955350 2056659 148931 749760 DONATIONS 932646 932646 ALL OTHER EXPENSES 133022 12048 116574 4400 15129546 8907468 3712257 2509821 8914187 9239852 964444 607935 450926 1623338 209475 179950 2365523 810594 2838014 1554929 23216354 28225407 36593400 41431411 1943970 1552434 359741 172241 2087805 2446330 1200141 1156660 5591657 5327665 X 29775264 35236134 1226479 867612 31001743 36103746 36593400 41431411 1875602 3226401 0 X 0 1 X 1 0 X 7205975 10779688 12163407 11756888 12731924 54637882 7205975 10779688 12163407 11756888 12731924 54637882 541457 54096425 290680 397995 640712 565466 601748 2496601 57134483 13681166 0.94680 0.94440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1082692 171736 910956 24233 24233 1258598 638858 619740 1554929 TENANT IMPROVEMENT ALLOWANCE 746701 DEFERRED LEASE OBLIGATION 409959 1156660 X 20110721 1655376 1571025 3226401 16884320 120828 120828 17005148 15008718 0 15008718 120828 120828 15129546 PART X, LINE 2: MANAGEMENT ANALYZED THE TAX POSITIONS TAKEN BY ELC AND CONCLUDED THAT AS OF DECEMBER 31, 2019, 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. GALA 7720375 6781579 938796 2509821 7720375 6781579 938796 2509821 2509821 -1571025 1 AL MARTINS' SCHOLARSHIP AWARD 17 72000 0 ANN FUDGE SCHOLARSHIP AWARD 17 123000 0 BUSINESS CASE SCHOLARSHIP AWARD 12 70000 0 NATIONAL ESSAY COMPETITION SCHOLARSHIP AWARD 18 103000 0 PRAXAIR ENGINEERS OF TOMORROW SCHOLARSHIP AWARD 3 36000 0 NATIONWIDE FUTURE LEADERS SCHOLARSHIP AWARD 10 120000 0 COMM IMPACT/PHILANTHROPIC 4 13262 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 OTHA SPRIGGS III PRESIDENT & CEO 440000 0 110000 0 42092 0 11550 0 1806 0 605448 0 0 0 BERYL ISAAC VP/EXEC DIRECTOR, FINANCE 291600 0 56725 0 630 0 20412 0 1806 0 371173 0 0 0 CAMILLA MCGHEE VP PROGRAM 216300 0 41100 0 630 0 15141 0 2772 0 275943 0 0 0 ANTOINETTE RICE VP COMMUNICATIONS 182400 0 33175 0 630 0 12768 0 378 0 229351 0 0 0 KELLY V DARNELL COO 300000 0 0 0 1928 0 0 0 0 0 301928 0 0 0 SATONYA FAIR VP PHILANTHROPY 202222 0 60000 0 450 0 9100 0 525 0 272297 0 0 0 CHRISTOPHER BUTTS VP INSTITUTE 96137 0 63700 0 0 0 0 0 175 0 160012 0 0 0 TERESA PAYNE NUNN VP MEMBER SERVICES 131249 0 130000 0 90 0 0 0 1386 0 262725 0 0 0 MICHAEL E DUTTON SENIOR MANAGER COMMUNICATIONS 139900 0 19575 0 630 0 9793 0 3502 0 173400 0 0 0 JENNIFER VASQUEZ CHIEF OF STAFF 134037 0 17450 0 630 0 9383 0 235 0 161735 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.