The Executive Leadership Council Inc
- Assets
- $60.4m
- Revenue
- $21.6m
- Investments
- $0.0
- Employees
- 48
- Location
- Washington, DC
- Founding
- 08/1989
- Data as of
- 12/2023
- EIN
- 52-1631358
Organization Overview
The Executive Leadership Council Inc is located in Washington, DC. The organization was established in 1989. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Executive Leadership Council Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Executive Leadership Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Executive Leadership Council Inc generated $21.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $20.6m during the year ending 12/2023. While expenses have increased by 18.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Executive Leadership Council Inc has awarded 248 individual grants totaling $8,132,046. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INCREASE THE NUMBER OF SUCCESSFUL BLACK EXECUTIVES, DOMESTICALLY AND INTERNATIONALLY, BY ADDING VALUE TO THEIR DEVELOPMENT, LEADERSHIP AND PHILANTHROPIC ENDEAVORS ACROSS THE LIFECYCLE OF THEIR CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
ELC'S MEMBERSHIP ENGAGEMENT CONNECTS MEMBERS TO A POWERFUL NETWORK OF BLACK BUSINESS LEADERS AROUND THE GLOBE WHO BENEFIT FROM FORMAL AND INFORMAL NETWORKING AND EXECUTIVE DEVELOPMENT OPPORTUNITIES.
LEADERSHIP DEVELOPMENT WEEK IS A PREMIER DEVELOPMENT EXPERIENCE FOR BLACK PROFESSIONALS THAT HELPS THEM ADDRESS THE CHALLENGES AND OPPORTUNITIES OF BEING A BLACK LEADER TODAY, BY DEFYING THE ODDS AND SETTING NEW STANDARDS FOR SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 5 | $0 | |
Name Not Listed Director | 5 | $0 | |
Name Not Listed Director | 5 | $0 | |
Name Not Listed Director | 5 | $0 | |
Name Not Listed Director | 5 | $0 | |
Name Not Listed Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saint Rock Media | 12/30/23 | $782,210 |
Blank Rome Llp Legal Services | 12/30/23 | $378,207 |
The Grant Access Professional Services | 12/30/23 | $648,026 |
Digital Sauce Llc Professional Services | 12/30/23 | $356,977 |
Signature Media Group Speakers | 12/30/23 | $201,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,109,201 |
| Fundraising events | $8,691,056 |
| Related organizations | $0 |
| Government grants | $440,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,952,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,193,175 |
| Total Program Service Revenue | $4,746,410 |
| Investment income | $970,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$917,939 |
| Net Income from Fundraising Events | -$3,361,348 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,644,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,388,598 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,538,220 |
| Compensation of current officers, directors, key employees. | $418,189 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,552,333 |
| Pension plan accruals and contributions | $312,793 |
| Other employee benefits | $561,583 |
| Payroll taxes | $411,985 |
| Fees for services: Management | $2,670,596 |
| Fees for services: Legal | $238,798 |
| Fees for services: Accounting | $65,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $180,958 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $323,536 |
| Royalties | $0 |
| Occupancy | $461,051 |
| Travel | $1,414,447 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,669,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,610 |
| Insurance | $33,271 |
| All other expenses | $0 |
| Total functional expenses | $20,595,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,289,473 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,706,226 |
| Accounts receivable, net | $1,976,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $404,532 |
| Net Land, buildings, and equipment | $1,957,550 |
| Investments—publicly traded securities | $36,020,960 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,089,569 |
| Total assets | $60,444,481 |
| Accounts payable and accrued expenses | $3,445,408 |
| Grants payable | $0 |
| Deferred revenue | $3,803,298 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,437,358 |
| Total liabilities | $10,686,064 |
| Net assets without donor restrictions | $45,598,521 |
| Net assets with donor restrictions | $4,159,896 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $60,444,481 |
Grants Awarded
Over the last fiscal year, The Executive Leadership Council Inc has awarded $3,214,820 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA A&M UNIVERSITY PURPOSE: SCHOLARSHIP | $60,000 |
ALABAMA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |
AMERICAN LEADERSHIP FORUM SILICON VALLEY PURPOSE: DONATION | $25,000 |
BETHUNE-COOKMAN UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |
CALIFORNIA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $8,000 |
BROWARD COUNTY LIBRARY FOUNDATION PURPOSE: DONATION | $15,000 |