Nonprofit · EIN 52-1795164
MANAGEMENT LEADERSHIP FOR TOMORROW
Tax-exempt · BETHESDA, MD 20814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $41,916,774 | $41,118,748 | $798,026 | $43,174,196 | $3,611,115 | $39,563,081 |
| December 31, 2023 | 990 | $36,342,837 | $40,974,263 | -$4,631,426 | $41,182,746 | $2,610,105 | $38,572,641 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $36,521,699
- Program service revenue
- $4,839,033
- Investment income
- $556,042
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,435,209
- Other salaries and wages
- $20,347,482
- Salaries, compensation and benefits (total)
- $27,187,523
- Professional fundraising fees
- $0
- Legal fees
- $95,641
- Accounting fees
- $48,504
- Travel
- $3,506,948
- Depreciation
- $780,129
- Program services (functional)
- $34,547,719
- Management and general (functional)
- $3,952,547
- Fundraising (functional)
- $2,618,482
Balance sheet and other
- Total assets, start of year
- $41,182,746
- Total assets, end of year
- $43,174,196
- Total liabilities, end of year
- $3,611,115
- Net assets, end of year
- $39,563,081
- Land, buildings and equipment
- $1,846,834
- Net assets without donor restrictions
- $12,254,556
- Net assets with donor restrictions
- $27,308,525
- Gross receipts
- $41,916,774
- Employees
- 211
- Volunteers
- 204
- Year formed
- 1992
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| E JOHN RICE | CEO Trustee or director, Officer | 40 | $397,481 | $32,347 |
| CASEY RECUPERO | VP & CHIEF OPERATIONS OFFICER Officer | 40 | $295,572 | $32,347 |
| KRISTINA GILBERT | VP & CHIEF ADVISORY OFFICER Highest-paid employee | 40 | $283,997 | $32,347 |
| WILBUR PRIESTER | VP & CHIEF FINANCIAL OFFICER Officer | 40 | $284,828 | $21,762 |
| WILLIAM GILDEA | VP & CHIEF PARTNERSHIPS OFFICER Key employee | 40 | $243,798 | $32,347 |
| KEVIN WILLIAMS | MD, PE & ALT ASSETS FELLOWS Highest-paid employee | 40 | $259,067 | $12,200 |
| KEVIN DONAHUE | VP & CHIEF STRATEGY OFFICER Highest-paid employee | 40 | $267,380 | $2,406 |
| CRISTAL BARON | VP & CHIEF ADVANCEMENT OFFICER Officer | 40 | $262,056 | $2,406 |
| MARK TAGUCHI | VP & CHIEF STARTUPS AND IMPACT OFFICER Highest-paid employee | 40 | $232,425 | $23,765 |
| MELISSA BOASBERG | VP, CHIEF OF STAFF Highest-paid employee | 40 | $248,117 | $2,581 |
| DAMIAN SACCOCIO | VP & CHIEF TECHNOLOGY OFFICER Key employee | 40 | $236,377 | $2,406 |
| SHARTOYEA SCOTT DIXON | VP & CHIEF PROGRAMS OFFICER Key employee | 40 | $224,791 | $2,406 |
| ANDREW FLORANCE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHRISTY HAUBEGGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID CARLOCK | BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID DEWILDE | BOARD MEMBER Trustee or director | 2 | $0 |
| FRANCES MESSANO | BOARD MEMBER Trustee or director | 2 | $0 |
| IME ARCHIBONG | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN LEGEND | BOARD MEMBER Trustee or director | 2 | $0 |
| KEN COLEMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| MAC LAFOLLETTE | BOARD MEMBER Trustee or director | 2 | $0 |
| MARC JONES | BOARD MEMBER Trustee or director, Officer | 2 | $0 |
| MATT HALPRIN | BOARD MEMBER Trustee or director | 2 | $0 |
| MICHAEL RYAN | BOARD MEMBER Trustee or director | 2 | $0 |
| SUSAN SCHUMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| TYLER DICKSON | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| E JOHN RICE JR | FOUNDER / CEO Trustee or director, Officer | 40 | $402,431 | $31,228 |
| KRISTINA GILBERT | MANAGING DIRECTOR, ADVISORY SERVICES Highest-paid employee | 40 | $283,654 | $31,228 |
| CRISTAL BARON | VP, FINANCE & DEVELOPMENT Officer | 40 | $274,869 | $1,342 |
| WILLIAM GILDEA | PARTNERSHIPS STRATEGIST Highest-paid employee | 40 | $237,865 | $31,228 |
| KEVIN DONAHUE | VP, GROWTH STRATEGY Highest-paid employee | 40 | $267,546 | $1,342 |
| KEVIN WILLIAMS | MAN DIR PRIVATE EQUITY & ALT ASSETS Highest-paid employee | 40 | $254,000 | $11,937 |
| SHARTOYEA SCOTT DIXON | VP, CAMPUS PROGRAMS/PARTNERSHIPS Highest-paid employee | 40 | $241,131 | $1,342 |
| WIL PRIESTER | CFO Officer | 40 | $165,010 | $10,442 |
| MARC JONES | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BARRY L WILLIAMS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DAVID CARLOCK | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTY HAUBEGGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID DEWILDE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MATT HALPRIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VALENTINO CARLOTTI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KEN COLEMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TYLER DICKSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MAC LAFOLLETTE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN LEGEND | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MICHAEL RYAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ANDREW FLORANCE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4500 EAST WEST HIGHWAY SUITE 150, BETHESDA, MD 20814-3327
- Principal officer (990 for 2024)
- WILBUR PRIESTER, 4500 EAST WEST HIGHWAY SUITE 150, BETHESDA, MD 20814
- Signed the 990
- WILBUR PRIESTER, VP & CHIEF FINANCIAL OFFICER
- Phone
- (202) 751-2330
- Website
- WWW.MLT.ORG
- Return prepared by
- SB & COMPANY LLC
Mission
MLT ACCELERATES ECONOMIC MOBILITY BY EXPANDING CAREER OPPORTUNITIES FOR INDIVIDUALS AND IMPROVING EMPLOYER PRACTICES TO CREATE INCLUSIVE, MERITOCRATIC WORKPLACES WHERE EVERYONE CAN THRIVE.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1795164
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60Z)
- Assets (IRS master file)
- $43,174,196
- Income (IRS master file)
- $41,916,774
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $41,916,774 | $41,118,748 | $43,174,196 | XML |
| 990 | December 2023 | $36,342,837 | $40,974,263 | $41,182,746 | XML |
| 990 | December 2022 | $29,625,031 | $34,829,624 | $46,267,111 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1795164).
Questions about MANAGEMENT LEADERSHIP FOR TOMORROW
- What is the EIN of MANAGEMENT LEADERSHIP FOR TOMORROW?
- The employer identification number (EIN) of MANAGEMENT LEADERSHIP FOR TOMORROW is 52-1795164.
- Is MANAGEMENT LEADERSHIP FOR TOMORROW tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to MANAGEMENT LEADERSHIP FOR TOMORROW tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MANAGEMENT LEADERSHIP FOR TOMORROW file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MANAGEMENT LEADERSHIP FOR TOMORROW due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MANAGEMENT LEADERSHIP FOR TOMORROW last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MANAGEMENT LEADERSHIP FOR TOMORROW?
- The 990 for the year ended December 31, 2024 names WILBUR PRIESTER.
- Who are the officers and directors of MANAGEMENT LEADERSHIP FOR TOMORROW?
- The 990 for the year ended December 31, 2024 lists 26 people; 12 received compensation from the organization, the highest $397,481 (E JOHN RICE, CEO).
- How much revenue does MANAGEMENT LEADERSHIP FOR TOMORROW have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $41,916,774, expenses of $41,118,748 and total assets of $43,174,196 at year end.
Other nonprofits in BETHESDA
- UMUC VENTURES INC EIN 81-2898004 · last filed 990 for 2025
- FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC EIN 52-0743814 · last filed 990 for 2025
- HOLTON-ARMS SCHOOL INC EIN 53-0196507 · last filed 990 for 2025
- LANDON SCHOOL CORPORATION EIN 52-0635092 · last filed 990 for 2025
- NORWOOD SCHOOL INC EIN 52-0901098 · last filed 990 for 2025
- AMERICAN ASSOCIATION OF COLLEGES OF OSTEOPATHIC MEDICINE EIN 23-7190271 · last filed 990 for 2025
- WASHINGTON EPISCOPAL DAY SCHOOL INC EIN 52-1453297 · last filed 990 for 2025
- MATER DEI SCHOOL INC EIN 52-0906575 · last filed 990 for 2025