2018-08-22T11:37:39-05:00 2017-12-31 132781641 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2017-01-01 521631358 EXECUTIVE LEADERSHIP COUNCIL (FKA EXECUTIVE LEADERSHIP FOUNDATION) EXEC 7037065200 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 BERYL ISAAC VP, EXEC DIRECTOR OF FINANCE 7037065200 2018-08-20 1 FREDERICK E DAVIS JR P00446023 2127094500 2017 2022-09-23 18:48:47Z X OTHA T SKIP SPRIGGS 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 22597165 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. 19 18 24 18 0 0 10779688 12163407 2540570 3179726 541579 663812 -1267565 -875675 12594272 15131270 1806945 625579 0 0 3284049 3510284 0 0 820308 5642130 6463245 10733124 10599108 1861148 4532162 28256253 35372545 4786428 5110272 23469825 30262273 X SEE SCHEDULE O 0 0 2134819 2201481 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. 1512097 70170 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. 814983 842075 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. 309070 66000 WOMEN'S LEADERSHIP FORUM 468211 225500 SCHOLARSHIPS 187209 CEO DIVERSITY SUMMIT 126816 70000 BUSINESS CASE COMPETITION 180132 91000 AWARD FOR EXCELLENCE IN BUSINESS COMMENTARY NATIONAL ESSAY CONTEST 149994 CORPORATE BOARD DEVELOPMENT 463359 205379 CONSULTING AND BOARD INITIATIVES 33700 33700 OTHER PROGRAM GRANTS & DONATIONS 1918491 625579 66000 6380390 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 24 1 0 0 0 0 0 1 1 0 0 0 0 X 19 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 7037065200 1301 K STREET NW SUITE 210 WEST WASHINGTON DC 20005 ORLANDO ASHFORD CHAIR 5.00 X X 0 0 0 DONNA M WILSON VICE CHAIR 5.00 X X 0 0 0 JEFFREY WEBSTER SECRETARY 5.00 X X 0 0 0 GREGORY DEAVENS TREASURER 5.00 X X 0 0 0 CRYSTAL E ASHBY DIRECTOR 5.00 X 0 0 0 ARLENE ISAACS-LOWE 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 LEILANI BROWN DIRECTOR 5.00 X 0 0 0 BILLY DEXTER DIRECTOR 5.00 X 0 0 0 LINDA FORTE DIRECTOR 5.00 X 0 0 0 TONIE LEATHERBERRY DIRECTOR 5.00 X 0 0 0 LARRY QUINLAN DIRECTOR 5.00 X 0 0 0 KEN ROBINSON DIRECTOR 5.00 X 0 0 0 VALERIE D LEWIS DIRECTOR 5.00 X 0 0 0 SHARON TAYLOR DIRECTOR 5.00 X 0 0 0 GERI THOMAS DIRECTOR 5.00 X 0 0 0 RHONDA MIMS IMMEDIATE PAST CHAIR 5.00 X 0 0 0 RONALD C PARKER PRESIDENT & CEO 40.00 X X 597760 0 4034 BRICKSON E DIAMOND CHIEF OPERATING OFFICER 40.00 X 378987 0 33895 BERYL H ISAAC VP/EXEC DIRECTOR, FINANCE 40.00 X 305213 0 27209 STEVEN WILLIAMS VP/CHIEF LEARNING OFFICER 40.00 X 164038 0 13614 ANTOINETTE RICE VP/CHIEF COMMUNICATIONS OF 40.00 X 189919 0 14358 CAMILLA MCGHEE SENIOR DIRECTOR/CHIEF PROG 40.00 X 252054 0 19628 MICHAEL E DUTTON SENIOR COMMUNICATIONS MANA 40.00 X 145863 0 12921 JENNIFER VASQUEZ EXEC. ADMINISTRATOR/CHIEF OF STAFF 40.00 X 126863 0 21576 MERKENA COOPER SENIOR ACCOUNTANT 40.00 X 123416 0 14848 SHAELA LAWSON SENIOR PROGRAM MANAGER 40.00 X 117238 0 15170 GENA GATEWOOD SENIOR PROGRAM MANAGER 40.00 X 107633 0 14721 2508984 0 191974 11 0 1 0 BLANK ROME LLP LOCKBOX 8586 PO BOX 8500 PHILADELPHIA PA 19178 LEGAL SERVICES 451615 MORGAN STANLEY 1290 AVE OF AMERICAS 13TH FLOOR NEW YORK NY 10104 INVESTMENT MANAGEMENT SERVICES 209092 KAREN DYER 4506 TAMARON DR GREENSBORO NC 27410 FACILITATOR AND ASSESSMENT ADMINISTRATIO 103650 3 2945800 6348441 2869166 12163407 REGISTRATION FEES 900099 3179726 3179726 3179726 610437 610437 275 275 5839707 5786332 53375 53375 53375 803613 6348441 1679563 -875950 -875950 15131270 3179726 0 -211863 188700 188700 386500 386500 50379 50379 2106320 633473 1249506 223341 1059290 454542 604748 89991 37796 52195 162048 68060 93988 92635 38907 53728 777747 660770 74501 42476 402341 402341 63346 63346 209092 209092 8321 4724 1667 1930 322727 137784 139089 45854 131740 34962 87591 9187 80003 80003 688526 526570 36271 125685 2171493 2069135 102358 300544 125059 126227 49258 PROGRAM MANAGEMENT 1256616 949640 306976 ALL OTHER EXPENSES 50749 13389 21759 15601 10599108 6380390 3398410 820308 6758403 6522417 600000 874050 645119 1360190 153393 537400 4558784 2380002 2036125 2178782 18063213 23082611 817095 28256253 35372545 2214113 1857722 719294 537025 1853021 1861100 0 854425 4786428 5110272 X 22787505 28878794 682320 1383479 23469825 30262273 28256253 35372545 4532162 2260286 0 X 0 1 X 1 0 X 5325652 5704102 7205975 10779688 12163407 41178824 5325652 5704102 7205975 10779688 12163407 41178824 766492 40412332 178415 257459 290680 397995 640712 1765261 172 172 42944257 9832365 0.94100 0.92350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3075842 1692307 1383535 377068 344901 32167 1105874 342794 763080 2178782 TENANT IMPROVEMENT ALLOWANCE 817095 DEFERRED LEASE OBLIGATION 37330 854425 X 18058414 2260286 875950 3136236 14922178 209092 209092 15131270 11265966 875950 875950 10390016 209092 209092 10599108 PART X, LINE 2: MANAGEMENT ANALYZED THE TAX POSITIONS TAKEN BY ELC AND CONCLUDED THAT AS OF DECEMBER 31, 2017, 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) 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 50379 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES MEMBER MEETING 577763 0 0 0 0 0 0 628142 0 628142 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL SUPPORT 17179 CHECK EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL SUPPORT 25000 CHECK EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL SUPPORT 8200 CHECK 0 3 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. PART I, LINE 3: TOTAL EXPENDITURES REPORTED IN COLUMN F IS BASED ON THE ORGANIZATIONS BOOKS AND RECORDS. GALA 7152054 6348441 803613 669543 89070 920950 7152054 6348441 803613 669543 89070 920950 1679563 -875950 1 W E B DUBOIS SCHOLARS INSTITUTE INC 174 NASSAU STREET BOX 360 PRINCETON NJ 08542 223294039 501(C)(3) 50000 GENERAL SUPPORT HOWARD UNIVERSITY SCHOOL OF BUSINESS 2400 6TH ST NW WASHINGTON DC 20059 530204707 501(C)(3) 28700 GENERAL SUPPORT NATIONAL ASSOCIATION OF BLACK JOURNALIST 1100 KNIGHT HALL SUITE 3100 COLLEGE PARK MD 20742 521266959 501(C)(3) 10000 GENERAL SUPPORT INROADS INC 10 SOUTH BROADWAY SUITE 300 ST LOUIS MO 63102 620967197 501(C)(3) 100000 TO PROVIDE SUPPORT FOR INROAD'S COLLEGE LINKS PROGRAM WHERE SCHOLARS RECEIVE COLLEGE PREPARATION SUPPORT THROUGH COLLEGE TOURS AND WORKSHOPS ON COLLEGE ADMISSIONS AND FINANCIAL AID, AND EXPOSURE TO BUSINESS/WORK ENVIRONMENTS THROUGH JOB SHADOWING AND CORPORATE VISITS WITH EMPLOYERS. 4 AL MARTINS' SCHOLARSHIP AWARD 13 91000 BUSINESS CASE SCHOLARSHIP AWARD 11 70000 ESSAY COMPETITION SCHOLARSHIP AWARD 13 91000 ANN FUDGE SCHOLARSHIP AWARD 13 91000 PRAXAIR ENGINEERS OF TOMORROW SCHOLARSHIP AWARD 4 43500 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 RONALD C PARKER PRESIDENT & CEO 441080 0 156680 0 0 0 0 0 4034 0 601794 0 0 0 BRICKSON E DIAMOND CHIEF OPERATING OFFICER 346903 0 32084 0 0 0 24208 0 9687 0 412882 0 0 0 BERYL H ISAAC VP/EXEC DIRECTOR, FINANCE 254580 0 50633 0 0 0 17745 0 9464 0 332422 0 0 0 STEVEN WILLIAMS VP/CHIEF LEARNING OFFICER 163618 0 420 0 0 0 10986 0 2628 0 177652 0 0 0 ANTOINETTE RICE VP/CHIEF COMMUNICATIONS OF 161080 0 28839 0 0 0 11200 0 3158 0 204277 0 0 0 CAMILLA MCGHEE SENIOR DIRECTOR/CHIEF PROG 217380 0 34674 0 0 0 15141 0 4487 0 271682 0 0 0 MICHAEL E DUTTON SENIOR COMMUNICATIONS MANA 131680 0 14183 0 0 0 4571 0 8350 0 158784 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 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 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.