2019-08-09T10:06:41-05:00 2018-12-31 132781641 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2018-01-01 521631358 EXECUTIVE LEADERSHIP COUNCIL (FKA EXECUTIVE LEADERSHIP FOUNDATION) EXEC 2026652952 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 BERYL ISAAC VP, EXEC DIRECTOR OF FINANCE 7037065200 2019-08-09 1 FREDERICK E DAVIS JR P00446023 2127094500 207.86.186.154 2019-08-09 09:29:44 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7F1DFDCF091E22B21AB8D1D80F85041128AB9606 2018 2019-02-21 02:37:17Z OTHA T SKIP SPRIGGS 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 37073217 0 X WWW.ELCINFO.COM X 1989 DC TO PROVIDE BLACK 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. 13 12 25 0 0 2580 12163407 11756888 3179726 2818152 663812 2384315 -875675 -1291912 15131270 15667443 625579 577120 0 0 3510284 3403655 0 0 2196648 6463245 8756968 10599108 12737743 4532162 2929700 35372545 36593400 5110272 5591657 30262273 31001743 X SEE SCHEDULE O 0 0 2291413 1597430 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. 1427029 50095 MEMBERSHIP ENGAGEMENT: MEMBERSHIP 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. 877102 1113002 THE MID-LEVEL MANAGERS' SYMPOSIUM (MLMS) IS A TWO-DAY PROGRAM CONDUCTED BY THE 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. 260710 0 57625 WOMEN'S LEADERSHIP FORUM 744743 371000 SCHOLARSHIPS 148568 70000 BUSINESS CASE COMPETITION 205002 105000 0 AWARD FOR EXCELLENCE IN BUSINESS COMMENTARY NATIONAL ESSAY CONTEST 135402 0 0 CORPORATE BOARD DEVELOPMENT 688708 31120 0 CONSULTING AND BOARD INITIATIVES 2183133 577120 57625 6778677 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 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 39 0 1 25 1 0 0 0 0 0 1 1 0 0 0 0 X 13 12 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 ORLANDO ASHFORD EX-OFICIO 5.00 X X 0 0 0 JEFFREY WEBSTER DIRECTOR 5.00 X X 0 0 0 GREGORY DEAVENS TREASURER 5.00 X X 0 0 0 CRYSTAL E ASHBY VICE CHAIR 5.00 X 0 0 0 CHLOE BARZEY DIRECTOR 5.00 X 0 0 0 LEILANI BROWN SECRETARY 5.00 X 0 0 0 TONIE LEATHERBERRY CHAIR 5.00 X 0 0 0 THOMAS HARVEY DIRECTOR 5.00 X 0 0 0 KEN ROBINSON DIRECTOR 5.00 X 0 0 0 MARC HOWZE DIRECTOR 5.00 X 0 0 0 GALE KING DIRECTOR 5.00 X 0 0 0 GERI THOMAS DIRECTOR 5.00 X 0 0 0 OTHA T SPRIGGS III PRESIDENT & CEO 40.00 X X 555174 0 37171 BERYL H ISAAC VP/EXEC DIRECTOR, FINANCE 40.00 X 327952 0 30416 KELLY BRINKLEY EVP/CHIEF OPERATING OFFICER 40.00 X 55869 0 0 ANTOINETTE RICE VP/CHIEF COMMUNICATIONS OF 40.00 X 203228 0 16140 CAMILLA MCGHEE VICE PRESIDENT, PROG 40.00 X 259496 0 19947 MICHAEL E DUTTON SENIOR COMMUNICATIONS MANA 40.00 X 153195 0 20286 JENNIFER VASQUEZ CHIEF OF STAFF 40.00 X 139636 0 20930 MERKENA COOPER SENIOR ACCOUNTANT 40.00 X 125248 0 14757 SHAELA LAWSON DIRECTOR -MEMBER SERVICES 40.00 X 138264 0 15934 JUSTINA VICTOR SENIOR RESEARCH MANAGER 40.00 X 122071 0 30523 RONALD C PARKER PRESIDENT & CEO (UNTIL 3/1/18) 40.00 X 105337 0 1152 2185470 0 207256 10 1 1 0 BLANK ROME LLP LOCKBOX 8586 PO BOX 8500 PHILADELPHIA PA 19178 LEGAL SERVICES 459762 THE GRANT ACCESS 279 W 117TH ST 3K NEW YORK NY 10026 EVENT PLANNER 148472 2 3057200 6386618 2313070 11756888 REGISTRATION FEES 900099 2818152 2818152 2818152 562062 562062 208 208 21031379 19209126 1822253 1822253 1822253 901332 6386618 2196648 -1295316 -1295316 3196 3196 3196 15667443 2818152 0 1092403 546000 546000 31120 31120 1587480 249740 1148803 188937 1452357 582198 829986 40173 97628 68340 29288 151246 105872 45374 114944 80461 34483 1241660 1002823 153616 85221 454363 454363 63897 63897 176049 176049 418539 248462 102050 68027 133204 27897 96542 8765 207077 207077 568180 407919 34408 125853 3121641 1867711 153208 1100722 388903 164904 147783 76216 17350 17350 PROGRAM MANAGEMENT 1781915 1293432 488483 DONATIONS 78935 78935 ALL OTHER EXPENSES 55561 19899 21411 14251 DUES, SUBSCRIPTION 49694 2964 46730 12737743 6778677 3762418 2196648 6522417 8914187 874050 964444 1360190 450926 537400 209475 5345040 2507026 2178782 2838014 23082611 23216354 817095 35372545 36593400 1857722 1943970 537025 359741 1861100 2087805 854425 1200141 5110272 5591657 X 28878794 29775264 1383479 1226479 30262273 31001743 35372545 36593400 2929700 -2190230 0 X 0 1 X 1 0 X 5704102 7205975 10779688 12163407 11756888 47610060 5704102 7205975 10779688 12163407 11756888 47610060 615250 46994810 257459 290680 397995 640712 565466 2152312 49762372 11620070 0.94440 0.94100 X 3075842 1849414 1226428 1082692 73222 1009470 499597 38986 460611 686909 545404 141505 2838014 TENANT IMPROVEMENT ALLOWANCE 736624 DEFERRED LEASE OBLIGATION 463517 1200141 X 13301164 -3485546 1295316 -2190230 15491394 176049 176049 15667443 12561694 0 12561694 176049 176049 12737743 PART X, LINE 2: MANAGEMENT ANALYZED THE TAX POSITIONS TAKEN BY ELC AND CONCLUDED THAT AS OF DECEMBER 31, 2018, 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. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 31120 0 0 0 0 0 0 31120 0 31120 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL SUPPORT 23141 CHECK EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL SUPPORT 7979 CHECK 0 0 0 0 0 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. POWER MEDIA ($23,141): POWER MEDIA LTD IS A COMPANY REGISTERED IN THE UNITED KINGDOM (UK) THAT HAS AS ITS MAIN AIM, THE SHOWCASING, NURTURING AND PLACEMENT OF TALENTED INDIVIDUALS OF AFRICAN, AFRICAN CARIBBEAN OR AFRICAN AMERICAN HERITAGE. THE ELC DONATED TO ITS' POWERLIST DINNER, AN EVENT WHICH RAISES MONEY FOR ITS INITIATIVES, INCLUDING NURTURING BLACK PROFESSIONAL TALENT, OFFERING LEADERSHIP DEVELOPMENT PROGRAMS AND ADVOCATING FOR PLACEMENT ON CORPORATE BOARDS, ALL IN THE UK. THE BLACK BRITISH BUSINESS AWARDS ($7,979): THE BLACK BRITISH BUSINESS AWARDS CELEBRATES THE UNSUNG CONTRIBUTIONS OF EXCEPTIONAL BLACK PROFESSIONAL AND ENTREPRENEURS AND RECOGNIZES EXCEPTIONAL ROLE MODELS AND THE BUSINESSES THAT SUPPORT THEM. THIS FURTHERS THE EXEMPT PURPOSE OF ELC IN THAT IT EDUCATES THE PUBLIC ABOUT THE IMPORTANCE OF DIVERSITY AND INCLUSION. PART I, LINE 3: TOTAL EXPENDITURES REPORTED IN COLUMN F IS BASED ON THE ORGANIZATIONS BOOKS AND RECORDS. GALA 7287950 6386618 901332 643048 248745 1304855 7287950 6386618 901332 643048 248745 1304855 2196648 -1295316 1 AL MARTINS' SCHOLARSHIP AWARD 15 105000 0 ANN FUDGE SCHOLARSHIP AWARD 15 105000 0 BUSINESS CASE SCHOLARSHIP AWARD 9 70000 0 NATIONAL ESSAY COMPETITION SCHOLARSHIP AWARD 15 105000 0 PRAXAIR ENGINEERS OF TOMORROW SCHOLARSHIP AWARD 4 41000 0 NATIONWIDE FUTURE LEADERS SCHOLARSHIP AWARD 11 120000 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 T SPRIGGS III PRESIDENT & CEO 367300 0 187700 0 174 0 11550 0 25621 0 592345 0 0 0 BERYL H ISAAC VP/EXEC DIRECTOR, FINANCE 275005 0 53000 0 -53 0 19077 0 11339 0 358368 0 0 0 ANTOINETTE RICE VP/CHIEF COMMUNICATIONS OF 172380 0 31000 0 -152 0 11928 0 4212 0 219368 0 0 0 CAMILLA MCGHEE VICE PRESIDENT, PROG 218280 0 39000 0 2216 0 15141 0 4806 0 279443 0 0 0 MICHAEL E DUTTON SENIOR COMMUNICATIONS MANA 138305 0 14000 0 890 0 9508 0 10778 0 173481 0 0 0 JENNIFER VASQUEZ CHIEF OF STAFF 124274 0 16300 0 -938 0 8733 0 12197 0 160566 0 0 0 SHAELA LAWSON DIRECTOR -MEMBER SERVICES 123110 0 17000 0 -1846 0 8447 0 7487 0 154198 0 0 0 JUSTINA VICTOR SENIOR RESEARCH MANAGER 116340 0 11500 0 -5769 0 8008 0 22515 0 152594 0 0 0 RONALD C PARKER PRESIDENT & CEO (UNTIL 3/1/18) 84232 0 18333 0 2772 0 0 0 1152 0 106489 0 0 0 FORM 990, PART III, LINE 1 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 BLACK 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 BLACK BUSINESS EXECUTIVES; (3) PROVIDE EDUCATIONAL, PROFESSIONAL AND ECONOMIC OPPORTUNITIES, MENTORING PROJECTS, AND PROGRAMS TO IDENTIFY, PREPARE AND ADVANCE THE NEXT GENERATION OF BLACK MANAGERS AND EXECUTIVES; (4) ENRICH THE "PIPELINE" OF FUTURE BLACK 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 BLACK CORPORATE OFFICERS WITH THOUGHTFUL INITIATIVE, DIRECTION, PROGRAMS AND EDUCATION TO ADDRESS ISSUES FACING BLACKS IN CORPORATE AMERICA; AND (6) ENCOURAGE EDUCATION REGARDING THE ECONOMIC EMPOWERMENT OF BLACK 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.