MANAGEMENT LEADERSHIP FOR TOMORROW

EIN: 521795164 501(c)(3) Education

BETHESDA, MD

Total Revenue
$36,342,837
Total Expenses
$40,974,263
Total Assets
$41,182,746
Net Assets
$38,572,641
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Principal Officer
E JOHN RICE JR
Phone
2027512330
Tax Period
2023-01-01 to 2023-12-31

MANAGEMENT LEADERSHIP FOR TOMORROW, founded in 1992, is a mid-sized nonprofit in the Education sector that reported $36.3M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $41.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

MLT EXISTS TO ADVANCE RACIAL EQUITY AND CLOSE PERSISTENT RACIAL WEALTH GAPS.

Program Service Accomplishments

Program 1
Expenses: $15,502,776 Revenue: $400,700

ECONOMIC MOBILITY:MLT'S UNDERGRADUATE PROGRAMS ARE DESIGNED TO FIX THE BROKEN COLLEGE-TO-CAREER TRANSITION SO THAT STUDENTS ACHIEVE THE LASTING ECONOMIC MOBILITY EXPECTED OF A COLLEGE DEGREE. THESE...

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ECONOMIC MOBILITY:MLT'S UNDERGRADUATE PROGRAMS ARE DESIGNED TO FIX THE BROKEN COLLEGE-TO-CAREER TRANSITION SO THAT STUDENTS ACHIEVE THE LASTING ECONOMIC MOBILITY EXPECTED OF A COLLEGE DEGREE. THESE PROGRAMS PROVIDE UNDERGRADUATES WITH THE COACHING, CAREER PLAYBOOK, AND ACCELERATING PROFESSIONAL CONNECTIONS THEY NEED TO LAND AND SUCCEED IN CAREER PATH JOBS AFTER COLLEGE. THE PROGRAM INCLUDES INTENSIVE ONE-ON-ONE PROFESSIONAL COACHING, LEADERSHIP AND ANALYTICAL SKILL DEVELOPMENT SEMINARS LED BY PARTNER CORPORATIONS, AND ACCESS TO RECRUITERS AT SOUGHT-AFTER FIRMS.PROGRAMS INCLUDE CAREER PREP, TURNPRO, ASCEND, ALTFINANCE FELLOWSHIP, AND THE PRIVATE EQUITY ACCELERATOR

Program 2
Expenses: $12,601,811 Revenue: $3,223,836

MAXIMIZING CAREER TRAJECTORIES:MLT HAS A COMPREHENSIVE APPROACH TO ADVANCING THE CAREERS OF DIVERSE TALENT ACROSS THE CAREER CONTINUUM, FROM EARLY CAREER TO SENIOR EXECUTIVE, INCLUDING IN SUPPORT OF...

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MAXIMIZING CAREER TRAJECTORIES:MLT HAS A COMPREHENSIVE APPROACH TO ADVANCING THE CAREERS OF DIVERSE TALENT ACROSS THE CAREER CONTINUUM, FROM EARLY CAREER TO SENIOR EXECUTIVE, INCLUDING IN SUPPORT OF MLT'S MORE THAN 10,000 ALUMNI. THESE PROGRAMS PROVIDE FELLOWS WITH THE COACHING, PROFESSIONAL ROADMAP, AND ACCELERATING CONNECTIONS CRITICAL TO LANDING AND SUCCEEDING IN BOTH BUSINESS SCHOOL AND IN COMPETITIVE CAREER OPPORTUNITIES. PROGRAMS INCLUDE MBA PREP, MBA PROFESSIONAL DEVELOPMENT, CAREER ADVANCEMENT PROGRAM, SENIOR EXECUTIVE LEADER FELLOWSHIP, AND THE EXPERIENCED TALENT NETWORK, AS WELL AS MLT'S ONGOING ALUMNI ENGAGEMENT EFFORTS.

Program 3
Expenses: $7,069,862 Revenue: $3,836,052

EQUITABLE EMPLOYER PRACTICES:MLT PROVIDES A RANGE OF SOLUTIONS TO LEADING EMPLOYERS - DELIVERING INSIGHTS, KNOW-HOW AND TALENT THAT WILL DRIVE TANGIBLE RACIAL EQUITY OUTCOMES.THESE OFFERINGS HELPS...

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EQUITABLE EMPLOYER PRACTICES:MLT PROVIDES A RANGE OF SOLUTIONS TO LEADING EMPLOYERS - DELIVERING INSIGHTS, KNOW-HOW AND TALENT THAT WILL DRIVE TANGIBLE RACIAL EQUITY OUTCOMES.THESE OFFERINGS HELPS EMPLOYERS DEVELOP AND IMPLEMENT MORE EFFECTIVE DIVERSITY STRATEGIES SO THAT THEIR WORKPLACES WORK FOR PEOPLE OF COLOR THE WAY THEY DO FOR EVERYONE ELSE. MLT HELPS ITS EMPLOYER PARTNERS: 1) UNDERSTAND THE KEY ISSUES HOLDING THEM BACK, 2) DEVELOP A RIGOROUS STRATEGY, 3) EXECUTE THEIR PLANS TO MAXIMIZE EFFECTIVENESS, AND 4) ORIENT, ENGAGE, AND ACTIVATE LEADERS AT ALL LEVELS IN TAKING RESPONSIBILITY FOR THE STRATEGY.MLT'S RACIAL EQUITY AT WORK CERTIFICATION PROVIDES A ROADMAP AND RECOGNITION FOR THIS IMPORTANT WORK.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $27,738,592
Program Service Revenue $7,460,588
Investment Income $1,070,907
Other Revenue $72,750
TOTAL REVENUE $36,342,837

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,480,621
Fundraising Expenses $1,838,726
Program Expenses $35,174,449
Other Expenses $16,493,642
TOTAL EXPENSES $40,974,263

Year-over-Year Comparison

2023 2022 Change
Revenue $36,342,837 $29,625,031 +0.2%
Expenses $40,974,263 $34,829,624 +0.2%
Net Income $-4,631,426 $-5,204,593 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
205
Volunteers
165

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$885,322
Total Directors
14
$433,659
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
E JOHN RICE JR FOUNDER / CEO 40.00
Officer Director
$402,431 $31,228 $433,659
MARC JONES CHAIR 2.00
Officer Director
$0 $0 $0
BARRY L WILLIAMS SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID CARLOCK TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTY HAUBEGGER BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID DEWILDE BOARD MEMBER 2.00
Director
$0 $0 $0
MATT HALPRIN BOARD MEMBER 2.00
Director
$0 $0 $0
VALENTINO CARLOTTI BOARD MEMBER 2.00
Director
$0 $0 $0
KEN COLEMAN BOARD MEMBER 2.00
Director
$0 $0 $0
TYLER DICKSON BOARD MEMBER 2.00
Director
$0 $0 $0
MAC LAFOLLETTE BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN LEGEND BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL RYAN BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREW FLORANCE BOARD MEMBER 2.00
Director
$0 $0 $0
CRISTAL BARON VP, FINANCE & DEVELOPMENT 40.00
Officer
$274,869 $1,342 $276,211
WIL PRIESTER CFO 40.00
Officer
$165,010 $10,442 $175,452
KRISTINA GILBERT MANAGING DIRECTOR, ADVISORY SERVICES 40.00
Highest
$283,654 $31,228 $314,882
WILLIAM GILDEA PARTNERSHIPS STRATEGIST 40.00
Highest
$237,865 $31,228 $269,093
KEVIN DONAHUE VP, GROWTH STRATEGY 40.00
Highest
$267,546 $1,342 $268,888
KEVIN WILLIAMS MAN DIR PRIVATE EQUITY & ALT ASSETS 40.00
Highest
$254,000 $11,937 $265,937
SHARTOYEA SCOTT DIXON VP, CAMPUS PROGRAMS/PARTNERSHIPS 40.00
Highest
$241,131 $1,342 $242,473
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $36,342,837 $40,974,263 $41,182,746 $-4,631,426
2022 $29,625,031 $34,829,624 $46,267,111 $-5,204,593
2021 $49,396,463 $25,600,680 $53,416,960 $23,795,783
2020 $34,299,419 $15,297,603 $27,236,852 $19,001,816
2019 $14,007,418 $12,134,361 $8,024,424 $1,873,057
2018 $12,610,819 $10,476,606 $5,836,803 $2,134,213
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