EIN 52-1795164

Management Leadership for Tomorrow

IRS 501(c) type
501(c)(3)
Num. employees
205
Year formed
1992
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Management Leadership for Tomorrow exists to advance racial equity by elevating the career and economic trajectory of people of color, specifically those who are black, Hispanic, and Native American. Their Black Equity at Work Certification establishes a clear and comprehensive black equity standard for employers. They also offer MBA Prep, which prepares early career professionals for the complex road to business school, providing fellows with the skills necessary to be successful in business school and beyond. Management Leadership for Tomorrow is located in Washington, DC.
Total revenues
$36,342,837
2023
Total expenses
$40,974,263
2023
Total assets
$41,182,746
2023
Num. employees
205
2023

Program areas at Management Leadership for Tomorrow

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
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.
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.

Who funds Management Leadership for Tomorrow

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Blue Meridian PartnersTo Support Scaling Plan$1,200,000
NEO PhilanthropyProgram Grant$892,500
Rockefeller Philanthropy Advisors (RPA)General$500,000
...and 13 more grants received

Personnel at Management Leadership for Tomorrow

NameTitleCompensation
John RiceMLT Founder and Chief Executive Officer
Casey RecuperoChief Operating Officer
Wil PriesterChief Financial Officer$165,010
Vanessa TiongsonChief Marketing Officer
Tia PriceChief People Officer
...and 15 more key personnel

Financials for Management Leadership for Tomorrow

RevenuesFYE 12/2023
Total grants, contributions, etc.$27,738,592
Program services$7,460,588
Investment income and dividends$1,070,907
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$72,750
Total revenues$36,342,837

Form 990s for Management Leadership for Tomorrow

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-21990View PDF
2022-122023-11-09990View PDF
2021-122022-11-10990View PDF
2020-122021-11-11990View PDF
2019-122021-04-02990View PDF
...and 14 more Form 990s
Data update history
November 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 1, 2024
Updated personnel
Identified 5 new personnel
September 21, 2024
Received grants
Identified 6 new grant, including a grant for $1,200,000 from Blue Meridian Partners
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $107,376 from American Online Giving Foundation
January 16, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Employment organizationsBusiness and community development organizationsCharities
Issues
EducationBusiness and industry
Characteristics
National levelCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
7200 Wisconsin Ave 200
Bethesda, MD 20814
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Montgomery County, MD
Website URL
mlt.org/ 
Phone
(202) 751-2330
Facebook page
MLTOrg 
Twitter profile
@mltorg 
IRS details
EIN
52-1795164
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Revoked
AG Registration Number
CT0259846
FTB Entity ID
4200565
AB 488 data last updated ("as-of") date
2024-11-20
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