Form 990 for tax year 2023
Filed by THE EXECUTIVE LEADERSHIP COUNCIL INC.
Totals
- Total revenue
- $21,644,990
- Total expenses
- $20,595,776
- Contributions and grants received
- $20,193,175
- Grants paid
- $3,388,598
- Program service revenue
- $4,746,410
- Investment income
- $53,056
- Other revenue
- -$3,347,651
- Total assets, end of year
- $60,444,481
- Total liabilities, end of year
- $10,686,064
- Net assets or fund balances, end of year
- $49,758,417
- Program services expenses (Part IX)
- $18,141,903
- Management and general expenses
- $2,453,873
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $18,141,903
Program services were 88.1% 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.
-
1b · Membership dues
$4,109,201
-
1c · Fundraising events
$8,691,056
-
1e · Government grants (contributions)
$440,030
-
1f · All other contributions, gifts and grants
$6,952,888
-
2a · Program service revenue: REGISTRATION FEES
total $4,746,410 · related or exempt $4,746,410
-
3 · Investment income
total $970,995 · excluded $970,995
-
7a · Gross sales of assets other than inventory
securities $20,029,736
-
7b · Less cost or other basis and sales expenses
securities $20,899,506 · other assets $48,169
-
7c · Gain or loss
securities -$869,770 · other assets -$48,169
-
7d · Net gain or loss
total -$917,939 · related or exempt -$917,939
-
8a · Fundraising events: gross income
$1,671,581
-
8a · Fundraising events: contributions included on line 1c
$8,691,056
-
8b · Fundraising events: direct expenses
$5,032,929
-
8c · Net income from fundraising events
total -$3,361,348 · excluded -$3,361,348
-
11a · Other revenue: RECOVERY OF DOUBTFUL A
total $13,697 · related or exempt $13,697
-
11e · Other revenue, total
$13,697
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,388,598 · program services $3,388,598
-
5 · Compensation of officers, directors and key employees
total $2,538,220 · program services $2,120,031 · management and general $418,189
-
7 · Other salaries and wages
total $3,552,333 · program services $3,114,583 · management and general $437,750
-
8 · Pension plan contributions
total $312,793 · program services $224,609 · management and general $88,184
-
9 · Other employee benefits
total $561,583 · program services $385,377 · management and general $176,206
-
10 · Payroll taxes
total $411,985 · program services $305,577 · management and general $106,408
-
11a · Fees: management
total $2,670,596 · program services $2,135,928 · management and general $534,668
-
11b · Fees: legal
total $238,798 · program services $173,836 · management and general $64,962
-
11c · Fees: accounting
total $65,097 · management and general $65,097
-
11f · Fees: investment management
total $180,958 · management and general $180,958
-
14 · Information technology
total $323,536 · program services $280,405 · management and general $43,131
-
16 · Occupancy
total $461,051 · program services $343,194 · management and general $117,857
-
17 · Travel
total $1,414,447 · program services $1,368,810 · management and general $45,637
-
19 · Conferences, conventions and meetings
total $3,669,349 · program services $3,649,291 · management and general $20,058
-
22 · Depreciation, depletion and amortization
total $173,610 · program services $126,746 · management and general $46,864
-
23 · Insurance
total $33,271 · program services $24,220 · management and general $9,051
-
24a · Other expenses: COMMUNICATIONS
total $300,388 · program services $225,133 · management and general $75,255
-
24b · Other expenses: OTHER PROGRAM AND OPERA
total $299,163 · program services $275,565 · management and general $23,598
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,219,075 · end of year $16,289,473
-
3 · Pledges and grants receivable
beginning of year $2,321,969 · end of year $1,706,226
-
4 · Accounts receivable
beginning of year $4,014,759 · end of year $1,976,171
-
9 · Prepaid expenses and deferred charges
beginning of year $217,669 · end of year $404,532
-
10a · Land, buildings and equipment: cost or other basis
$3,386,275
-
10b · Land, buildings and equipment: accumulated depreciation
$1,428,725
-
10c · Land, buildings and equipment, net
beginning of year $1,214,118 · end of year $1,957,550
-
11 · Investments: publicly traded securities
beginning of year $31,905,455 · end of year $36,020,960
-
15 · Other assets
beginning of year $2,252,962 · end of year $2,089,569
-
17 · Accounts payable and accrued expenses
beginning of year $1,438,731 · end of year $3,445,408
-
19 · Deferred revenue
beginning of year $2,915,036 · end of year $3,803,298
-
25 · Other liabilities
beginning of year $3,536,182 · end of year $3,437,358
-
27 · Net assets without donor restrictions
beginning of year $39,130,740 · end of year $45,598,521
-
28 · Net assets with donor restrictions
beginning of year $5,125,318 · end of year $4,159,896
Mission and programs · 2023
Mission
SEE SCHEDULE O
Activities or mission (Part I)
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.
-
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.
Expenses $4,176,843 · Grants $2,946,370
-
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.
Expenses $3,919,159 · Grants $124,196
-
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.
Expenses $1,618,077 · Revenue $2,217,438
-
Expenses $8,427,824 · Grants $318,032 · Revenue $2,528,972
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gerald T Charles JrGERALD T CHARLES JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Edward L DandridgeEDWARD L DANDRIDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Oral MuirORAL MUIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Sena KwawuSENA KWAWU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Javara PerrilliatJAVARA PERRILLIAT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Thomas R HarveyTHOMAS R HARVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Irene QuarshieIRENE QUARSHIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Janice Innis-ThompsonJANICE INNIS-THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Shelley Stewart JrSHELLEY STEWART JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Cynthia MarshallCYNTHIA MARSHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Valerie I RainfordVALERIE I RAINFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Telisa ToliverTELISA TOLIVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Roy WeathersROY WEATHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Lloyd W Brown IILLOYD W BROWN II
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Gale V KingGALE V KING
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Nancy ArmandNANCY ARMAND
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Gena AsheGENA ASHE
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Shaundra ClaySHAUNDRA CLAY
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Michael HyterMICHAEL HYTER
PRESIDENT & CEO
- Total calculated
- $720,703
- From this org
- $637,560
- From related orgs
- $0
- Other
- $83,143
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $536,360
- Bonus
- $101,200
- Other
- $0
- Deferred
- $44,691
- Nontaxable benefits
- $38,452
- Filer's total
- $720,703
-
Hannibal BrumskineHANNIBAL BRUMSKINE
VP AND CHIEF FINANCIAL OFFICER
- Total calculated
- $360,748
- From this org
- $304,200
- From related orgs
- $0
- Other
- $56,548
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $300,000
- Bonus
- $4,200
- Other
- $0
- Deferred
- $21,294
- Nontaxable benefits
- $35,254
- Filer's total
- $360,748
-
Lori WalkerLORI WALKER
EVP AND CHIEF OPERATING OFFICER
- Total calculated
- $441,021
- From this org
- $403,093
- From related orgs
- $0
- Other
- $37,928
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $397,393
- Bonus
- $5,700
- Other
- $0
- Deferred
- $17,300
- Nontaxable benefits
- $20,628
- Filer's total
- $441,021
-
Antoinette RiceANTOINETTE RICE
VP AND CHIEF MARKETING & COMMUNICATIONS OFFICER
- Total calculated
- $313,274
- From this org
- $288,100
- From related orgs
- $0
- Other
- $25,174
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $283,900
- Bonus
- $4,200
- Other
- $0
- Deferred
- $20,229
- Nontaxable benefits
- $4,945
- Filer's total
- $313,274
-
Fabian MilburnFABIAN MILBURN
VP AND CHIEF PHILANTHROPY OFFICER
- Total calculated
- $170,463
- From this org
- $161,667
- From related orgs
- $0
- Other
- $8,796
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,667
- Bonus
- $10,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $8,796
- Filer's total
- $170,463
-
Erica JordanERICA JORDAN
VP OF MEMBER SERVICES
- Total calculated
- $246,827
- From this org
- $234,936
- From related orgs
- $0
- Other
- $11,891
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $234,936
- Bonus
- $0
- Other
- $0
- Deferred
- $2,917
- Nontaxable benefits
- $8,974
- Filer's total
- $246,827
-
Gail JohnsonGAIL JOHNSON
VP AND CHIEF HUMAN RESOURCES OFFICER (TERM)
- Total calculated
- $352,274
- From this org
- $299,675
- From related orgs
- $0
- Other
- $52,599
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $296,375
- Bonus
- $3,300
- Other
- $0
- Deferred
- $11,888
- Nontaxable benefits
- $40,711
- Filer's total
- $352,274
-
Jennifer VasquezJENNIFER VASQUEZ
DIRECTOR, GOVERNANCE AND BOARD OPERATIONS
- Total calculated
- $216,362
- From this org
- $187,200
- From related orgs
- $0
- Other
- $29,162
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,200
- Bonus
- $2,000
- Other
- $0
- Deferred
- $13,151
- Nontaxable benefits
- $16,011
- Filer's total
- $216,362
-
Mayra EspinozaMAYRA ESPINOZA
DIRECTOR, MEMBER ENGAGEMENT
- Total calculated
- $208,280
- From this org
- $187,200
- From related orgs
- $0
- Other
- $21,080
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,400
- Bonus
- $1,800
- Other
- $0
- Deferred
- $13,152
- Nontaxable benefits
- $7,928
- Filer's total
- $208,280
-
Leah WadeLEAH WADE
SR. DIRECTOR OF PHILANTHROPY
- Total calculated
- $180,256
- From this org
- $160,667
- From related orgs
- $0
- Other
- $19,589
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,167
- Bonus
- $1,500
- Other
- $0
- Deferred
- $11,247
- Nontaxable benefits
- $8,342
- Filer's total
- $180,256
-
Angelina GordonANGELINA GORDON
SR. DIRECTOR OF COMMUNICATIONS
- Total calculated
- $186,850
- From this org
- $166,188
- From related orgs
- $0
- Other
- $20,662
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,588
- Bonus
- $1,600
- Other
- $0
- Deferred
- $11,633
- Nontaxable benefits
- $9,029
- Filer's total
- $186,850
-
Alie BanguraALIE BANGURA
IT DIRECTOR
- Total calculated
- $207,114
- From this org
- $164,800
- From related orgs
- $0
- Other
- $42,314
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,200
- Bonus
- $1,600
- Other
- $0
- Deferred
- $11,536
- Nontaxable benefits
- $30,778
- Filer's total
- $207,114
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 · 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
-
$739,970
SCHOLARSHIP
-
NORTH CAROLINA A&T STATE UNIVERS
$230,790
SCHOLARSHIP
-
DELAWARE STATE UNIVERSITY FOUNDATION
$160,000
DONATION
-
FOUNDATION FOR NC A&T UNIVERSITY INC
$160,000
DONATION
-
$150,000
DONATION
-
$76,245
SCHOLARSHIP
-
DONATION
-
$63,350
SCHOLARSHIP
-
ALABAMA A&M UNIVERSITY
$60,000
SCHOLARSHIP
-
$51,350
SCHOLARSHIP
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442849349300924
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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