The Executive Leadership Council Inc
- Assets
- $54.1m
- Revenue
- $27.4m
- Investments
- $0.0
- Employees
- 37
- Location
- Washington, DC
- Founding
- 08/1989
- Data as of
- 12/2021
- 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 12/2021, Executive Leadership Council Inc employed 37 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 12/2021, Executive Leadership Council Inc generated $27.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $17.8m during the year ending 12/2021. While expenses have increased by 18.3% per year over the past 7 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 66 individual grants totaling $2,639,450. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE 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.
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.
THE MID-LEVEL MANAGERS' SYMPOSIUM (MLMS) IS A TWO-DAY PROGRAM CONDUCTED BY 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 IN THE WORKPLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hyter President & CEO | Officer | 40 | $467,494 |
Crystal Ashby Interim President & CEO (term Ended 2.28.2021) | OfficerTrustee | 1 | $406,000 |
Camilla Mcghee VP Andf Chief Corporate Partnership Officer | Officer | 40 | $374,386 |
Teresa Payne Nunn VP And Chief Member Officer | Officer | 40 | $322,976 |
Christopher Butts VP And Chief Learning Officer | Officer | 40 | $302,044 |
Antoinette Rice VP And Chief Marketing & Communications Officer | Officer | 40 | $300,103 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Producers Group Professional Services | 12/30/21 | $981,910 |
Signature Media Group Speakers Professional Services | 12/30/21 | $707,000 |
1301 K Street Limited Partnership Office Space | 12/30/21 | $460,696 |
Blank Rome Llp Legal Services | 12/30/21 | $635,147 |
Korn Ferry Professional Services | 12/30/21 | $395,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,150,150 |
| Fundraising events | $3,464,193 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,056,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,671,008 |
| Total Program Service Revenue | $3,425,688 |
| Investment income | $524,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,766,600 |
| Net Income from Fundraising Events | -$997,033 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,390,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,097,660 |
| Grants and other assistance to domestic individuals. | $48,687 |
| Grants and other assistance to Foreign Orgs/Individuals | $150,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,403,505 |
| Compensation of current officers, directors, key employees. | $710,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,929,659 |
| Pension plan accruals and contributions | $196,021 |
| Other employee benefits | $319,581 |
| Payroll taxes | $335,050 |
| Fees for services: Management | $2,898,275 |
| Fees for services: Legal | $637,982 |
| Fees for services: Accounting | $80,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $234,600 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $805,911 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $67,086 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,383,939 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,756 |
| Insurance | $0 |
| All other expenses | $155,000 |
| Total functional expenses | $17,771,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,864,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,203,267 |
| Accounts receivable, net | $3,175,317 |
| 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 | $489,718 |
| Net Land, buildings, and equipment | $1,125,740 |
| Investments—publicly traded securities | $30,264,082 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,122,664 |
| Accounts payable and accrued expenses | $2,488,470 |
| Grants payable | $0 |
| Deferred revenue | $2,747,639 |
| 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 | $1,651,074 |
| Total liabilities | $6,887,183 |
| Net assets without donor restrictions | $41,335,008 |
| Net assets with donor restrictions | $5,900,473 |
| 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 | $54,122,664 |
Grants Awarded
Over the last fiscal year, The Executive Leadership Council Inc has awarded $2,100,750 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
Hampton, VA PURPOSE: SCHOLARSHIP | $383,000 |
Dover, DE PURPOSE: BLACK MALE INITIATIVE | $200,000 |
Washington, DC PURPOSE: BLACK MALE INITIATIVE | $200,000 |
NORTH CAROLINA A&T STATE UNIVERSITY PURPOSE: BLACK MALE INITIATIVE | $200,000 |
Atlanta, GA PURPOSE: SCHOLARSHIP | $119,500 |
NORTH CAROLINA A&T STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $111,500 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that The Executive Leadership Council Inc has recieved totaling $2,003,443.
| Awarding Organization | Amount |
|---|---|
Plusoneplusoneplusone San Francisco, CA PURPOSE: Black Creatives | $750,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $382,433 |
Synchrony Foundation Stamford, CT PURPOSE: PROGRAM SUPPORT | $200,000 |
The Coca-Cola Foundation Inc Atlanta, GA PURPOSE: AWARD FOR EXCELLENCE IN BUSINESS COMMENTARY SCHOLARSHIP | $150,000 |
The Coca-Cola Foundation Inc Atlanta, GA PURPOSE: AWARD FOR EXCELLENCE IN BUSINESS COMMENTARY SCHOLARSHIP | $150,000 |
Pepsico Foundation Inc Purchase, NY PURPOSE: GENERAL SUPPORT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mortgage Bankers Association Of America Washington, DC | $151,811,395 | $48,193,239 |
New America Foundation Washington, DC | $57,037,802 | $40,604,855 |
The One Campaign Washington, DC | $67,622,430 | $19,634,455 |
National Association Of County And City Health Officials Washington, DC | $14,670,823 | $33,691,939 |
The Albert B Sabin Vaccine Institute Inc Washington, DC | $18,738,050 | $26,913,156 |
St Coletta Of Greater Washington Inc Washington, DC | $37,883,272 | $21,114,468 |
Fisher House Foundation Inc Rockville, MD | $70,108,334 | $49,075,688 |
The Executive Leadership Council Inc Washington, DC | $54,122,664 | $27,390,915 |
Stoddard Baptist Home Washington, DC | $9,543,224 | $16,392,235 |
Voter Registration Project Washington, DC | $11,195,050 | $17,087,982 |
Robert F Kennedy Center For Justice And Human Rights Washington, DC | $60,116,357 | $7,527,165 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |