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Nonprofiteer
← MANAGEMENT LEADERSHIP FOR TOMORROW

Form 990 for tax year 2024

Filed by MANAGEMENT LEADERSHIP FOR TOMORROW.

Totals

Total revenue
$41,916,774
Total expenses
$41,118,748
Contributions and grants received
$36,521,699
Grants paid
$0
Program service revenue
$4,839,033
Investment income
$556,042
Other revenue
$0
Total assets, end of year
$43,174,196
Total liabilities, end of year
$3,611,115
Net assets or fund balances, end of year
$39,563,081
Program services expenses (Part IX)
$34,547,719
Management and general expenses
$3,952,547
Fundraising expenses
$2,618,482
Program service expenses (Part III)
$34,547,719

Program services were 84.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $36,521,699

  • 2a · Program service revenue: CAREER COACHING

    total $1,584,055 · related or exempt $1,584,055

  • 2b · Program service revenue: PARTICIPANT FEES

    total $1,155,998 · related or exempt $1,155,998

  • 2c · Program service revenue: TALENT NETWORK FEES

    total $789,834 · related or exempt $789,834

  • 2d · Program service revenue: CERTIFICATION FEES

    total $763,875 · related or exempt $763,875

  • 2e · Program service revenue: ADVISORY FEES

    total $545,271 · related or exempt $545,271

  • 3 · Investment income

    total $556,042 · excluded $556,042

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,435,209 · program services $2,475,042 · management and general $554,052 · fundraising $406,115

  • 7 · Other salaries and wages

    total $20,347,482 · program services $16,555,663 · management and general $2,107,027 · fundraising $1,684,792

  • 9 · Other employee benefits

    total $1,623,830 · program services $1,347,559 · management and general $146,107 · fundraising $130,164

  • 10 · Payroll taxes

    total $1,781,002 · program services $1,477,991 · management and general $160,249 · fundraising $142,762

  • 11b · Fees: legal

    total $95,641 · management and general $95,641

  • 11c · Fees: accounting

    total $48,504 · management and general $48,504

  • 11g · Fees: other

    total $6,126,501 · program services $5,583,178 · management and general $333,742 · fundraising $209,581

  • 12 · Advertising and promotion

    total $229,803 · program services $202,726 · management and general $27,077

  • 13 · Office expenses

    total $60,292 · program services $48,748 · management and general $11,016 · fundraising $528

  • 14 · Information technology

    total $1,401,682 · program services $1,148,834 · management and general $247,256 · fundraising $5,592

  • 17 · Travel

    total $3,506,948 · program services $3,439,226 · management and general $34,000 · fundraising $33,722

  • 19 · Conferences, conventions and meetings

    total $1,145,913 · program services $1,136,867 · management and general $6,134 · fundraising $2,912

  • 22 · Depreciation, depletion and amortization

    total $780,129 · program services $710,600 · management and general $69,529

  • 23 · Insurance

    total $34,268 · management and general $34,268

  • 24a · Other expenses: SUBS AND PUBS

    total $266,994 · program services $212,839 · management and general $51,914 · fundraising $2,241

  • 24b · Other expenses: BAD DEBT

    total $222,564 · program services $196,460 · management and general $26,031 · fundraising $73

  • 24c · Other expenses: OTHER EXPENSES

    total $11,986 · program services $11,986

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,533,000 · end of year $3,664,543

  • 2 · Savings and temporary cash investments

    beginning of year $15,923,734 · end of year $5,644,686

  • 3 · Pledges and grants receivable

    beginning of year $11,755,221 · end of year $24,229,242

  • 4 · Accounts receivable

    beginning of year $1,022,301 · end of year $643,014

  • 9 · Prepaid expenses and deferred charges

    beginning of year $399,140 · end of year $641,190

  • 10a · Land, buildings and equipment: cost or other basis

    $4,457,773

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,610,939

  • 10c · Land, buildings and equipment, net

    beginning of year $2,255,117 · end of year $1,846,834

  • 12 · Investments: other securities

    beginning of year $5,118,382 · end of year $6,426,497

  • 15 · Other assets

    beginning of year $175,851 · end of year $78,190

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,211,172 · end of year $2,321,636

  • 19 · Deferred revenue

    beginning of year $398,933 · end of year $1,289,479

  • 27 · Net assets without donor restrictions

    beginning of year $24,383,554 · end of year $12,254,556

  • 28 · Net assets with donor restrictions

    beginning of year $14,189,087 · end of year $27,308,525

Mission and programs · 2024

Mission

MLT ACCELERATES ECONOMIC MOBILITY BY EXPANDING CAREER OPPORTUNITIES FOR INDIVIDUALS AND IMPROVING EMPLOYER PRACTICES TO CREATE INCLUSIVE, MERITOCRATIC WORKPLACES WHERE EVERYONE CAN THRIVE.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • ECONOMIC MOBILITY: STRENGTHENING THE COLLEGE-TO-CAREER PIPELINEDESPITE IMPRESSIVE GAINS IN COLLEGE ACCESS OVER THE YEARS, ~50% OF ALL COLLEGE GRADUATES ARE UNEMPLOYED OR IN A JOB THAT DOESN'T REQUIRE A COLLEGE DEGREE SOON AFTER GRADUATION. GRADUATES FROM LOW-INCOME HOUSEHOLDS EARN ~15% LESS IN STARTING SALARY THAN PEERS FROM HOUSEHOLDS MAKING MORE THAN $100,000. MLT WORKS WITH THOUSANDS OF COLLEGE STUDENTS EACH YEAR TO EXPAND THEIR ECONOMIC OPPORTUNITIES BY GIVING THEM A PROVEN PLAYBOOK AND CONNECTING THEM WITH TOP EMPLOYERS. 98% OF MLT FELLOWS SECURE JOBS AFTER GRADUATION WITH AN AVERAGE STARTING SALARY OF $90,000, WHICH PROVIDES IMMEDIATE ECONOMIC MOBILITY.

    Expenses $22,274,993 · Revenue $2,899,318

  • MAXIMIZING CAREER TRAJECTORIES TO EXPAND ECONOMIC OPPORTUNITYGETTING A GREAT FIRST JOB IS AN IMPORTANT START, BUT THRIVING FROM THERE REQUIRES STEADILY BUILDING THE EXPERIENCES, MENTORS, AND NETWORKS REQUIRED TO ADVANCE. MLT STAYS WITH INDIVIDUALS THROUGHOUT THEIR CAREERS, HELPING THEM MAINTAIN POSITIVE EARNINGS TRAJECTORIES AND MAXIMIZE THEIR LEADERSHIP INFLUENCE IN AREAS LIKE HIRING, PROMOTION, INVESTMENT, AND OTHER DECISIONS THAT HAVE THE POTENTIAL TO EXPAND ECONOMIC OPPORTUNITY FOR OTHERS. OVER 1,000 MLT ALUMNI HAVE ASCENDED TO SENIOR LEADERSHIP POSITIONS AND THERE ARE OVER 15,000 MLT RISING LEADERS COMING UP BEHIND THEM.

    Expenses $7,823,505 · Revenue $862,323

  • IMPROVING EMPLOYER PRACTICES TO EXPAND ECONOMIC OPPORTUNITYMLT IS A KEY TALENT SOURCE AND TRUSTED ADVISOR TO OVER 200 MAJOR EMPLOYERS THAT COLLECTIVELY EMPLOY OVER 7 MILLION AMERICANS. MLT'S INSIGHTS, FRAMEWORKS, AND BEST PRACTICES HELP EMPLOYERS SIGNIFICANTLY EXPAND THEIR HIRING PIPELINES, IMPROVE THE WAY THEY DEVELOP THEIR NEXT GENERATION OF LEADERS, IMPLEMENT MORE MERITOCRATIC TALENT EVALUATION PRACTICES, IMPROVE THEIR PAY AND BENEFITS PRACTICES TO BETTER SERVE ALL EMPLOYEES, AND MUCH MORE.

    Expenses $4,449,221 · Revenue $1,077,392

As filed on the 2024 return.

Listed in Part VII

  • Andrew Florance

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christy Haubegger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Carlock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Dewilde

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • E John Rice

    CEO

    Total calculated
    $429,828
    From this org
    $397,481
    From related orgs
    $0
    Other
    $32,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $397,481
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,347
    Filer's total
    $429,828

  • Frances Messano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ime Archibong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Legend

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ken Coleman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mac Lafollette

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marc Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matt Halprin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Ryan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Susan Schuman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tyler Dickson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Casey Recupero

    VP & CHIEF OPERATIONS OFFICER

    Total calculated
    $327,919
    From this org
    $295,572
    From related orgs
    $0
    Other
    $32,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,572
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,347
    Filer's total
    $327,919

  • Cristal Baron

    VP & CHIEF ADVANCEMENT OFFICER

    Total calculated
    $264,462
    From this org
    $262,056
    From related orgs
    $0
    Other
    $2,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,056
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,406
    Filer's total
    $264,462

  • Wilbur Priester

    VP & CHIEF FINANCIAL OFFICER

    Total calculated
    $306,590
    From this org
    $284,828
    From related orgs
    $0
    Other
    $21,762
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,828
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,762
    Filer's total
    $306,590

  • Damian Saccocio

    VP & CHIEF TECHNOLOGY OFFICER

    Total calculated
    $238,783
    From this org
    $236,377
    From related orgs
    $0
    Other
    $2,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,377
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,406
    Filer's total
    $238,783

  • Shartoyea Scott Dixon

    VP & CHIEF PROGRAMS OFFICER

    Total calculated
    $227,197
    From this org
    $224,791
    From related orgs
    $0
    Other
    $2,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,791
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,406
    Filer's total
    $227,197

  • William Gildea

    VP & CHIEF PARTNERSHIPS OFFICER

    Total calculated
    $276,145
    From this org
    $243,798
    From related orgs
    $0
    Other
    $32,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,798
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,347
    Filer's total
    $276,145

  • Kevin Donahue

    VP & CHIEF STRATEGY OFFICER

    Total calculated
    $269,786
    From this org
    $267,380
    From related orgs
    $0
    Other
    $2,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,380
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,406
    Filer's total
    $269,786

  • Kevin Williams

    MD, PE & ALT ASSETS FELLOWS

    Total calculated
    $271,267
    From this org
    $259,067
    From related orgs
    $0
    Other
    $12,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,067
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,200
    Filer's total
    $271,267

  • Kristina Gilbert

    VP & CHIEF ADVISORY OFFICER

    Total calculated
    $316,344
    From this org
    $283,997
    From related orgs
    $0
    Other
    $32,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,997
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,347
    Filer's total
    $316,344

  • Mark Taguchi

    VP & CHIEF STARTUPS AND IMPACT OFFICER

    Total calculated
    $256,190
    From this org
    $232,425
    From related orgs
    $0
    Other
    $23,765
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,425
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,765
    Filer's total
    $256,190

  • Melissa Boasberg

    VP, CHIEF OF STAFF

    Total calculated
    $250,698
    From this org
    $248,117
    From related orgs
    $0
    Other
    $2,581
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,117
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,581
    Filer's total
    $250,698

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MLT IMPACT FUND LLC

    INVESTMENTS · DE · assets $792,328

    Directly controlled by MANAGEMENT LEADERSHIP FOR TOMORROW

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202513109349303456

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