MANAGEMENT LEADERSHIP FOR TOMORROW

As filed

Subsection

03

NTEE code

B60Z

Classification

1000

Street

4500 EAST-WEST HIGHWAY STE 150

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• 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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $41,916,774

  Expenses

  $41,118,748

  Contributions

  $36,521,699

  Grants paid

  $0

• 2023

  Revenue

  $36,342,837

  Expenses

  $40,974,263

  Contributions

  $27,738,592

  Grants paid

  $0

• 2022

  Revenue

  $29,625,031

  Expenses

  $34,829,624

  Contributions

  $16,667,468

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $49,396,463

  Expenses

  $25,600,680

  Assets (EOY)

  $53,416,960

• 2020 · 990

  Revenue

  $34,299,419

  Expenses

  $15,297,603

  Assets (EOY)

  $27,236,852

• 2019 · 990

  Revenue

  $14,007,418

  Expenses

  $12,134,361

  Assets (EOY)

  $8,024,424

• 2018 · 990

  Revenue

  $12,610,819

  Expenses

  $10,476,606

  Assets (EOY)

  $5,836,803

• 2017 · 990

  Revenue

  $11,509,818

  Expenses

  $10,079,879

  Assets (EOY)

  $4,055,965

• 2016 · 990

  Revenue

  $9,280,445

  Expenses

  $10,902,733

  Assets (EOY)

  $2,174,963

• 2015 · 990

  Revenue

  $9,456,680

  Expenses

  $8,123,865

  Assets (EOY)

  $3,115,328

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• PWC FOUNDATION INC

  $3,000,000

  2023 · EDUCATION

• COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON INC

  $3,000,000

  2024 · DAF - Social Services

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $1,555,800

  2024 · For grant recipient's exempt purposes

• BLUE MERIDIAN PARTNERS INC

  $1,200,000

  2022 · TO SUPPORT SCALING PLAN

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $1,034,400

  2023 · For grant recipient's exempt purposes

• GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC

  $1,000,000

  2024 · MEDICAL / PUBLIC SERVICES

• NEO PHILANTHROPY INC

  $892,500

  2022 · Program Grant

• NEO PHILANTHROPY INC

  $600,000

  2024 · Program Grant

• ROCKEFELLER PHILANTHROPY ADVISORS INC

  $500,000

  2022 · GENERAL

• NATIONAL BASKETBALL ASSOCIATION FOUNDATION

  $500,000

  2023 · IN SUPPORT OF PROGRAMS IN FURTHERANCE OF NBA FOUNDATION'S MISSION

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files