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Management Leadership For Tomorrow Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521795164 ✦ Bethesda, MD ✦ Designated as a 501(c)(3)

Overview

What is Management Leadership For Tomorrow Inc?

Management Leadership For Tomorrow Inc, based in Bethesda, Maryland, is a nonprofit organization dedicated to promoting economic mobility for students of color. Their flagship undergraduate programs are designed to bridge the gap between college and career, ensuring students achieve lasting economic success after graduation. This is accomplished through one-on-one professional coaching, seminars led by partner corporations, and access to recruiters at sought-after firms. MLT Ascend is a college persistence and career readiness program for low-income, first-generation students of color, helping them stay on track to graduate and begin successful careers. In an effort to expand reach, MLT has launched a pilot program, TURNPRO, in collaboration with three universities and colleges to dramatically increase the number of undergraduates receiving their interventions. MLT's mission is to advance racial equity by elevating the career and economic trajectory of people of color and changing employer practices for improved outcomes for all, with a total workforce of 218 employees.


Official website here: www.mlt.org

Is Management Leadership For Tomorrow Inc legitimate?

Management Leadership For Tomorrow Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Management Leadership For Tomorrow Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $602,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,512,798

For more financial information, click here


Official website here: www.mlt.org

What is the mission statement of Management Leadership For Tomorrow Inc?

Management Leadership For Tomorrow Inc, a non-profit organization, is committed to advancing racial equity by enhancing the career and economic trajectory of individuals from underrepresented communities. The organization focuses on addressing the broken college-to-career transition for students by offering undergraduate programs designed to ensure the lasting economic mobility that comes with a college degree. Through its Career Prep program, MLT provides students with essential coaching, a career playbook, and professional connections necessary to secure and succeed in career path jobs. The organization also runs an initiative called MLT Ascend, which supports low-income, first-generation students of color to remain on track and graduate from college, leading to a promising career start. MLT's interventions have been piloted in partnership with three universities and colleges, aiming to demonstrate significant improvements in first job outcomes for participating students compared to their peers without MLT's support.


Official website here: www.mlt.org

Who is the CEO of Management Leadership For Tomorrow Inc?

E John Rice Jr is the Founder/Ceo of Management Leadership For Tomorrow Inc. The CEO's salary of Management Leadership For Tomorrow Inc is $303,972 and their total compensation is $335,318.


Official website here: www.mlt.org

What is the revenue of Management Leadership For Tomorrow Inc?

Management Leadership For Tomorrow Inc's revenue in 2022 was $29,625,031.


Official website here: www.mlt.org

Who are the executives of Management Leadership For Tomorrow Inc and what are their salaries?

The average compensation at Management Leadership For Tomorrow Inc during 2022 was $83,099. There are 218 employees and 1,500 volunteers at Management Leadership For Tomorrow Inc.

Here are 20 key members and their salaries (Management Leadership For Tomorrow Inc's CEO's salary is $303,972 and their total compensation is $335,318):

    E John Rice Jr (Founder/Ceo) [Trustee/Director]
  • Compensation: $303,972
  • Related: $0
  • Other: $31,346

    • Kristina Gilbert (Managing Dir., Advisory Services)
  • Compensation: $267,976
  • Related: $0
  • Other: $31,346

    • Kevin Donahue (Vp, Growth Strategy)
  • Compensation: $271,200
  • Related: $0
  • Other: $1,342

    • Cristal Baron (Vp, Finance & Development)
  • Compensation: $266,200
  • Related: $0
  • Other: $1,342

    • Mark Taguchi (Vp, General Manager West Coast)
  • Compensation: $238,738
  • Related: $0
  • Other: $20,917

    • Damian Saccocio (Vp, Technology)
  • Compensation: $242,987
  • Related: $0
  • Other: $1,342

    • Shartoyea Scott Dixon (Vp, Campus Programs/Partnerships)
  • Compensation: $240,950
  • Related: $0
  • Other: $1,342

    • Marc Jones (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Carlock (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mac Lafollette (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barry L Williams (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christy Haubegger (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Dewilde (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Halprin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Valentino Carlotti (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Coleman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tyler Dickson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Legend (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Ryan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Florance (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mlt.org

    Where can I find the form 990 for Management Leadership For Tomorrow Inc?

    The Management Leadership For Tomorrow Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mlt.org

    Learn more at the official website: www.mlt.org

    Mission Statement of Management Leadership For Tomorrow Inc

    Management Leadership For Tomorrow Inc, or MLT, is a nonprofit organization committed to promoting racial equity by boosting the professional and economic trajectory of individuals of color. MLT's mission is geared toward addressing the broken college-to-career transition for students of color, enabling them to achieve the economic mobility that comes with a college degree.

    MLT's undergraduate programs are meticulously designed to bridge the gap between higher education and the job market. Through its Career Prep program, MLT offers students one-on-one professional coaching, leadership and analytical skill development seminars led by partner corporations, and access to recruiters at sought-after firms. MLT's interventions empower students with the necessary tools to secure and thrive in career path jobs after graduation.

    Moreover, MLT Ascend is another program aimed at low-income, first-generation students of color to help them persist in college and prepare for a fulfilling career. By ensuring students remain on track to graduate and providing them with vital career readiness skills, MLT sets them up for long-term success in their professional lives.

    In addition to these initiatives, MLT is testing a pilot program at three universities and colleges to significantly increase the number of undergraduates benefiting from its interventions. This pilot demonstrates the potential for universities to serve as channel partners and highlights the substantial first job outcomes boost that MLT's interventions offer compared to students who do not receive these services.

    MLT's relentless efforts to elevate the careers and economic prospects of people of color and improve employer practices are crucial in creating a more equitable society for all.

    Impact

    This information is meant to be a general summary of Management Leadership For Tomorrow Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Management Leadership For Tomorrow Inc's impact lies in advancing racial equity by elevating the career and economic trajectory of people of color. Through its undergraduate programs, MLT addresses the broken college-to-career transition, enabling students to achieve lasting economic mobility that is expected of a college degree. By providing intensive one-on-one professional coaching, leadership and analytical skill development seminars, and connections to sought-after firms, MLT's career prep program equips undergraduates with the tools needed to succeed in their career paths after college. Additionally, MLT Ascend supports low-income, first-generation students of color in remaining on track to graduate from college and pursue fulfilling careers. Through initiatives like TurnPro, MLT collaborates with universities to enhance student outcomes significantly. Overall, MLT's work is not only changing individual lives but also influencing employer practices to improve outcomes for all.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $296,066
  • Program Service Revenue: $12,657,002
  • Gross Receipts: $29,625,031

    • Assets and Liabilities:
  • Total Assets: $46,267,111
  • Total Liabilities: $2,835,410
  • Net Assets: $43,431,701
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CAREER COACHING

    Revenue

    $4,174,265

    ADVISORY FEES

    Revenue

    $3,906,450

    CERTIFICATION FEES

    Revenue

    $2,449,375

    TALENT NETWORK FEES

    Revenue

    $1,067,502

    PARTICIPANT FEES

    Revenue

    $1,059,410

    Organization Details

    Founding Year

    1992

    Principal Officer

    E John Rice Jr

    Main Address

    7200 WISCONSIN AVENUE 200, BETHESDA, MD, 20814

    NTEE Category

    Code: B60Z - Education

    If you are a representative of Management Leadership For Tomorrow Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.