2016-08-15T18:05:50-05:00 2015-12-31 132781641 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2015-01-01 521631358 EXECUTIVE LEADERSHIP FOUNDATION EXEC 7037065279 1001 N FAIRFAX STREET SUITE 300 ALEXANDRIA VA 22314 RONALD C PARKER PRESIDENT AND CEO 7037065279 2016-08-15 1 Frederick E Davis Jr P00446023 2127094500 2015 2016-09-27 15:27:22Z RONALD C PARKER 1001 N FAIRFAX STREET ALEXANDRIA VA 22314 18581602 0 X www.elcinfo.com X 1989 DC TO PROVIDE EDUCATIONAL AND ECONOMIC OPPORTUNITIES, MENTORING PROJECTS, AND PROGRAMS TO IDENTIFY, PREPARE & ADVANCE THE NEXT GENERATION OF BLACK MANAGERS & EXECUTIVES. 17 16 0 16 0 0 5704102 7205975 1304662 1865832 256945 139828 -1442104 -1641489 5823605 7570146 379000 608000 0 0 1571847 1853013 0 0 0 2573591 3006366 4524438 5467379 1299167 2102767 20995800 22499990 1667488 1431345 19328312 21068645 X TO PROVIDE EDUCATIONAL AND ECONOMIC OPPORTUNITIES, MENTORING PROJECTS, AND PROGRAMS TO IDENTIFY, PREPARE AND ADVANCE THE NEXT GENERATION OF BLACK MANAGERS AND EXECUTIVES; TO 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; TO ENGAGE BLACK CORPORATE OFFICERS WITH THOUGHTFUL INITIATIVE, DIRECTION, PROGRAMS AND EDUCATION TO ADDRESS ISSUES FACING BLACKS IN CORPORATE AMERICA, BOTH DOMESTICALLY AND INTERNATIONALLY. 0 0 789109 982365 LEADERSHIP INSTITUTE: THE INSTITUTE FOR LEADERSHIP DEVELOPMENT & RESEARCH (THE INSTITUTE) STRIVES TO BE THE PREEMINENT INSTITUTION FOR RESEARCH AND DEVELOPMENT OF BLACK INDIVIDUALS IN THE CORPORATE WORLD. THE INSTITUTE PROVIDES EXECUTIVE-LEVEL SEMINARS, PEER MENTORING, COACHING, AND NETWORKING WITH TOP CORPORATE EXECUTIVES AND LEADERSHIP DEVELOPMENT TRAINING. 787789 796581 MID-LEVEL MANAGERS' SYMPOSIUM: THE ANNUAL MID-LEVEL MANAGERS' SYMPOSIUM (THE SYMPOSIUM), PROVIDES AN OPPORTUNITY FOR MANAGERS TO LEARN AND NETWORK IN PROFESSIONAL SETTINGS. THE SYMPOSIUM ALSO HONORS THE ACHIEVEMENTS OF BLACK INDIVIDUALS AND PRO-DIVERSITY COMPANIES STRIVING TO MAKE THE BUSINESS CASE FOR DIVERSITY AND THE CORPORATE WORKPLACE MORE INCLUSIVE, EQUITABLE, AND SUCCESSFUL. 272204 0 42450 THE WOMEN'S LEADERSHIP FORUM: A TWO-DAY LEADERSHIP DEVELOPMENT SYMPOSIUM, FOCUSES PRIMARILY ON SENIOR-LEVEL BLACK WOMEN EXECUTIVES AND LEADERS IN THE CORPORATE, PUBLIC POLICY, LEGISLATIVE, AND ACADEMIC ARENAS. PANELS DISCUSS THE INTERACTION BETWEEN SENIOR BLACK WOMEN EXECUTIVES AND JUNIOR AND MID-LEVEL BLACK CORPORATE WOMEN. THE SESSIONS COMPRISE HONEST, OPEN PANEL DISCUSSIONS ON KEY ISSUES CONFRONTING BLACK CORPORATE WOMEN, THEIR ASCENT INTO LEADERSHIP POSITIONS, AND THEIR PROCESSES FOR OBTAINING AND MAINTAINING POWER. 268230 130000 SCHOLARSHIP FUNDS 136965 58000 ESSAY COMPETITION 189324 CORPORATE BOARD INITIATIVE 218759 CEO SUMMIT 496410 350000 STRATEGIC CONSULTING/OTHER BOARD INITIATIVES 134776 70000 BUSINESS CASE COMPETITION 1444464 608000 3293566 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 0 0 0 1 26 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 17 16 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 0 0 0 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 7037065279 1001 N FAIRFAX STREET SUITE 300 ALEXANDRIA VA 22314 RHONDA MIMS CHAIR 5.00 X X 0 0 0 EHRIKA GLADDEN VICE CHAIR 5.00 X X 0 0 0 JEFFREY G WEBSTER SECRETARY 5.00 X X 0 0 0 LLOYD W BROWN II TREASURER 5.00 5.00 X X 0 0 0 CRYSTAL ASHBY DIRECTOR 5.00 X 0 0 0 DIANE ASHLEY DIRECTOR 5.00 X 0 0 0 CHLOE BARZEY DIRECTOR 5.00 X 0 0 0 JULIA BROWN DIRECTOR 5.00 X 0 0 0 BILLY DEXTER DIRECTOR 5.00 X 0 0 0 LYDIA G MALLETT DIRECTOR 5.00 X 0 0 0 LOUIS PARKER DIRECTOR 5.00 X 0 0 0 KEN ROBINSON DIRECTOR 5.00 X 0 0 0 SHARON C TAYLOR DIRECTOR 5.00 X 0 0 0 LARRY QUINLAN DIRECTOR 5.00 X 0 0 0 MICHAEL HYTER IMMEDIATE PAST-CHAIR 5.00 X 0 0 0 ORLANDO ASHFORD EX-OFFICIO 5.00 5.00 X 0 0 0 RONALD C PARKER PRESIDENT AND CEO 20.00 20.00 X X 0 597852 3888 BRICKSON E DIAMOND CHIEF OPERATING OFFICER 20.00 20.00 X 0 349786 31236 BERYL H ISAAC DIR, ACCOUNTING & FINANCE 20.00 20.00 X 0 251440 24722 CAMILLA MCGHEE DIR, CORP COUNCIL SERVICES 20.00 20.00 X 0 239107 19048 STEVEN WILLIAMS DIR, LEADERSHIP INSTITUTE 20.00 20.00 X 0 239600 18343 MICHAEL E DUTTON SR COMMUNICATIONS MANAGER 20.00 20.00 X 0 132132 22252 ANTOINETTE RICE DIRECTOR OF COMMUNICATIONS 20.00 20.00 X 0 156633 13461 JENNIFER VASQUEZ EXECUTIVE ASSISTANT 20.00 20.00 X 0 104277 20689 0 2070827 153639 0 0 1 0 BLANK ROME LLP LOCKBOX 8586 PO BOX 8500 PHILADELPHIA PA 19178 LEGAL SERVICES 415653 1 4932509 2273466 7205975 LEADERSHIP INSTITUTE 900099 982365 982365 MID-LEVEL MANAGERS SYMPOSIUM 900099 796581 796581 RENTAL INCOME FROM AFFILIATE 531120 44436 44436 WOMEN'S LEADERSHIP FORUM 900099 42450 42450 1865832 290470 290470 210 210 8572969 8723611 -150642 -150642 -150642 646146 4932509 2287845 -1641699 -1641699 7570146 1865832 0 -1501661 350000 350000 258000 258000 1167399 365396 802003 555297 214597 340700 31931 31931 58184 58184 40202 40202 374353 358901 15452 234042 234042 41302 41302 131892 131892 112065 50832 61233 30156 198 29958 47437 47437 257892 233040 24852 766759 717104 49655 218067 100891 117176 7156 7156 PROGRAM MANAGEMENT 600404 600404 DUES, SUBSCRIPTIONS & D 162383 35970 126413 ALL OTHER EXPENSES 21298 7505 13793 MEDIA EXPENSES 1160 728 432 5467379 3293566 2173813 0 4965310 5543253 873140 138575 55000 88241 54536 3975775 1827872 2408144 2147903 13322141 13826158 73389 0 20995800 22499990 1658488 221470 9000 471440 0 738435 1667488 1431345 X 19230812 20010505 97500 1058140 19328312 21068645 20995800 22499990 2102767 -362434 0 X 0 1 X 1 0 X 4953427 5780240 5325652 5704102 7205975 28969396 4953427 5780240 5325652 5704102 7205975 28969396 2613484 26355912 230850 184754 178415 257459 290680 1142158 9808 698 172 10678 30122232 6199411 0.87500 0.95810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3075841 1377266 1698575 446574 353645 92929 453360 96961 356399 2147903 DUE TO AFFILIATE 738435 738435 X Part X, Line 2: MANAGEMENT ANALYZED THE TAX POSITIONS TAKEN BY ELC AND ELF AND CONCLUDED THAT AS OF DECEMBER 31, 2015, 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 CONSOLIDATED FINANCIAL STATEMENTS. GALA 5578655 4932509 646146 588146 58000 1641699 5578655 4932509 646146 588146 58000 1641699 2287845 -1641699 1 NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE ST DURHAM NC 27707 566000730 112 150000 BUSINESS SCHOOL OPERATES A SUMMER YOUTH BUSINESS AND ENTREPRENEURSHIP ACADEMY, WHICH IS AN ACADEMIC AND EXPERIENTIAL LEARNING PROGRAM THAT EXPOSES GIFTED HIGH SCHOOL STUDENTS TO HIGHER EDUCATION, BEST BUSINESS PRACTICES AND LEADERSHIP PRINCIPLES. NATIONAL SOCIETY OF BLACK ENGINEERS 205 DAINGERFIELD ROAD ALEXANDRIA VA 22314 522233445 501(C)(3) 100000 THE NATIONAL SOCIETY OF BLACK ENGINEERS STIMULATES INTEREST IN AND PREPARATION FOR ENGINEERING CAREERS ACROSS THE K-12 PROFESSIONAL PIPELINE IN WAYS SPECFICALLY IMPACT STUDENT SUCCESS AND LEADERSHIP DEVELOPMENT. NSBE WILL MANAGE 17 SUMMER ENGINEERING EPERIENCE FOR KIDS CAMPS AROUND THE US. MANAGEMENT LEADERSHIP FOR TOMORROW 5335 WISCONSIN AVE NW SUITE 805 WASHINGTON DC 20015 521795164 501(C)(3) 100000 MLT'S ASCEND PROGRAM ENABLES LOW INCOME, PRIMARILY FIRST-GENERATION MINORITY COLLEGE STUDENTS TO STAY ON TRACT TO GRADUATE, MAXIMIZE THEIR COLLEGE EXPERIENCE, AND PREPARE FOR PROFESSIONAL CAREERS UPON GRADUATON. 3 0 AL MARTINS' SCHOLARSHIP AWARD 10 70000 BUSINESS CASE SCHOLARSHIP AWARD 11 70000 ESSAY COMPETITION SCHOLARSHIP AWARD 10 58000 ANN FUDGE SCHOLARSHIP AWARD 12 60000 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. 0 0 0 0 0 0 0 0 0 RONALD C PARKER PRESIDENT AND CEO 0 443852 0 154000 0 0 0 0 0 3888 0 601740 0 0 BRICKSON E DIAMOND CHIEF OPERATING OFFICER 0 304186 0 45600 0 0 0 21301 0 9935 0 381022 0 0 BERYL H ISAAC DIR, ACCOUNTING & FINANCE 0 218840 0 32600 0 0 0 15215 0 9507 0 276162 0 0 CAMILLA MCGHEE DIR, CORP COUNCIL SERVICES 0 208407 0 30700 0 0 0 14349 0 4699 0 258155 0 0 STEVEN WILLIAMS DIR, LEADERSHIP INSTITUTE 0 208500 0 31100 0 0 0 14490 0 3853 0 257943 0 0 MICHAEL E DUTTON SR COMMUNICATIONS MANAGER 0 122432 0 9700 0 0 0 8496 0 13756 0 154384 0 0 ANTOINETTE RICE DIRECTOR OF COMMUNICATIONS 0 136333 0 20300 0 0 0 9464 0 3997 0 170094 0 0 Part I, Line 3 THE PRESIDENT/CEO IS PAID BY A RELATED ORGANIZATION WHO ESTABLISHES THE COMPENSATION. Form 990, Part VI, Section A, line 7a THE BOARD OF THE EXECUTIVE LEADERSHIP COUNCIL (ELC) APPOINTS ELEVEN OF THE FOURTEEN BOARD MEMBERS OF THE EXECUTIVE LEADERSHIP FOUNDATION. THE THREE REMAINING MEMBERS CONSIST OF THE PRESIDENT OF THE FOUNDATION, THE IMMEDIATE PAST CHAIR OF THE FOUNDATION, AND THE CURRENT VICE CHAIR OF ELC. Form 990, Part VI, Section A, line 7b THE ANNUAL OPERATING BUDGET OF THE FOUNDATION IS SUBJECT TO JOINT APPROVAL BY THE BOARD OF THE EXECUTIVE LEADERSHIP COUNCIL (ELC) AND THE BOARD OF THE EXECUTIVE LEADERSHIP FOUNDATION, ITSELF. ANY AMENDMENT, RESTATEMENT OR REPEAL OF THE FOUNDATION'S ARTICLES OF INCORPORATION OR BYLAWS IS FIRST SUBMITTED TO THE BOARD OF ELC FOR APPROVAL. FOLLOWING THE APPROVAL OF THE BOARD OF ELC, THE BOARD OF THE FOUNDATION VOTES WHETHER TO ADOPT THE AMENDMENT, RESTATEMENT OR REPEAL. Form 990, Part VI, Section B, line 11 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 FOUNDATION. 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 ELF 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 ELF. 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 THE PRESIDENT AND CEO, OTHER OFFICERS, AND KEY EMPLOYEES OF THE FOUNDATION ARE PAID BY A RELATED PARTY WHO ESTABLISHES THE COMPENSATION. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. EXECUTIVE LEADERSHIP COUNCIL 1001 N FAIRFAX STREET SUITE 300 ALEXANDRIA VA 22314 521583401 TO PROVIDE BLACK EXECUTIVES WITH A PROFESSIONAL NETWORK, FORUM, AND PROGRAMS DC 501(c)(6) N/A N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 EXECUTIVE LEADERRSHIP COUNCIL INC J 44436 PER BOOKS EXECUTIVE LEADERRSHIP COUNCIL INC P 300835 PER BOOKS