Overview
What is Executive Leadership Council?
The Executive Leadership Council (ELC) is a nonprofit organization dedicated to enhancing the careers and advancement of Black American managers and executives. Through educational and economic opportunities, mentoring projects, and targeted programs, ELC aims to identify, prepare, and support the next generation of successful Black leaders, both domestically and internationally. Their mission is to add value to the development, leadership, and philanthropic endeavors of these professionals throughout their careers.
Official website here: www.elcinfo.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 95% (Four-Star out of Four Star rating)
The Executive Leadership Council has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieved a high score of 95%, indicating effective management of resources and transparency in its operations. This rating is based solely on its accountability and finance metrics, showcasing a solid foundation for financial health and governance.
Key strengths of the Executive Leadership Council include a fully independent board, with all 19 members being independent, which is crucial for unbiased decision-making. The organization also excels in financial oversight, with no material diversion of assets reported and comprehensive policies in place, such as a conflict of interest and whistleblower policies. Additionally, the program expense ratio is impressive at 71.67%, ensuring that a significant portion of funds is directed towards its mission.
On the financial side, the organization maintains a low liabilities-to-assets ratio and a robust working capital ratio of 2.53 years, demonstrating fiscal sustainability. Fundraising efficiency is also noteworthy, with a low cost of $0.12 to raise a dollar. Overall, the Executive Leadership Council stands out for its strong governance and financial management practices, although user feedback on its programs and impact is not detailed in the data provided.
This AI summary has been generated from information found on Charity Navigator.
Is Executive Leadership Council legitimate?
Executive Leadership Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Executive Leadership Council 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,622,674
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,246,884
For more financial information, click here
Official website here: www.elcinfo.com
What is the mission statement of Executive Leadership Council?
The Executive Leadership Council (ELC) is dedicated to increasing the representation of successful black executives both domestically and internationally. Through various initiatives, they aim to add value to the development, leadership, and philanthropic endeavors of black professionals throughout their careers.
ELC's mission encompasses providing educational and economic opportunities, mentoring projects, and programs designed to identify, prepare, and advance the next generation of black American managers and executives. By doing so, they contribute to the overall growth and diversity of leadership roles in various industries.
The organization's focus on empowering black executives extends beyond individual careers. They foster an environment conducive to building and strengthening professional networks, creating opportunities for collaboration and knowledge sharing among members.
Moreover, ELC's programs and initiatives aim to create a pipeline of well-equipped, talented individuals, ensuring a continuous influx of black leaders capable of making significant contributions to their organizations and communities.
The organization's commitment to this cause goes beyond the professional realm. They emphasize the importance of philanthropic endeavors, encouraging members to engage in charitable activities and giving back to their communities, thereby making a positive impact on society as a whole.
By providing these opportunities and resources, ELC plays a pivotal role in promoting greater diversity and inclusivity in leadership roles and fostering the next generation of successful black executives.
Official website here: www.elcinfo.com
Who is the CEO of Executive Leadership Council?
Michael Hyter is the President & Ceo of Executive Leadership Council. The CEO's salary of Executive Leadership Council is $595,761 and their total compensation is $650,181.
Official website here: www.elcinfo.com
What is the revenue of Executive Leadership Council?
Executive Leadership Council's revenue in 2022 was $20,969,391.
Official website here: www.elcinfo.com
Who are the executives of Executive Leadership Council and what are their salaries?
The average compensation at Executive Leadership Council during 2022 was $133,399. There are 44 employees at Executive Leadership Council.
Here are 32 key members and their salaries (Executive Leadership Council's CEO's salary is $595,761 and their total compensation is $650,181):
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- Compensation: $595,761
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- Other: $54,420
- Compensation: $306,774
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- Compensation: $104,193
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- Compensation: $167,365
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- Compensation: $115,752
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- Other: $8,224
- Compensation: $471,811
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- Other: $33,144
- Compensation: $300,954
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- Other: $54,583
- Compensation: $301,208
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- Other: $25,750
- Compensation: $277,095
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- Other: $21,492
- Compensation: $197,362
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- Other: $27,880
- Compensation: $192,210
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- Other: $21,679
Official website here: www.elcinfo.com
Where can I find the form 990 for Executive Leadership Council?
Executive Leadership Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elcinfo.com
Learn more at the official website: www.elcinfo.com
Mission Statement of Executive Leadership Council
The Executive Leadership Council (ELC) is a dynamic organization dedicated to enhancing the professional growth and development of Black executives both domestically and internationally. With a focus on creating value across their careers, ELC strives to increase the number of successful Black managers and executives through a variety of educational, economic, and mentoring opportunities.
In pursuit of its mission, ELC identifies, prepares, and advances the next generation of Black American leaders. By providing targeted programs and projects, the organization helps these individuals develop the skills and knowledge needed to excel in their chosen fields. Through a lifecycle approach, ELC supports Black executives at various stages of their careers, ensuring they have the resources and guidance they need to thrive.
ELC's commitment to fostering the success of Black executives is rooted in its belief that a more diverse and inclusive business landscape benefits everyone. By empowering Black managers and executives, the organization is making a significant contribution to the development of future leaders and the advancement of corporate diversity and inclusion initiatives.
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Impact
October, 2024
The Executive Leadership Council significantly impacts the landscape of corporate leadership by focusing on the development and advancement of Black executives. By creating educational and economic opportunities, the organization plays a crucial role in identifying and preparing the next generation of Black American leaders.
Through its comprehensive mentoring projects and targeted programs, the Council equips aspiring executives with the necessary skills and resources to navigate their careers successfully. This commitment not only fosters individual growth but also strengthens the overall diversity within organizations, allowing for a richer exchange of ideas and improved decision-making processes at the highest levels of business.
Furthermore, the Council advocates for philanthropic endeavors that reflect a deep commitment to community upliftment and social responsibility, helping to create a culture where executives not only thrive professionally but also give back to their communities. The Executive Leadership Council's impact is evident in its ability to transform potential into tangible success for Black executives, thereby contributing to a more equitable and diverse corporate landscape both domestically and internationally.
This information is meant to be a general summary of Executive Leadership Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $215,857
- Program Service Revenue: $5,054,741
- Gross Receipts: $41,011,740
Assets and Liabilities:
- Total Assets: $52,146,007
- Total Liabilities: $7,889,949
- Net Assets: $44,256,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$5,054,741
Organization Details
Founding Year
1989
Phone
(202) 655-2952Principal Officer
Michael Hyter
Main Address
1301 K STREET NW SUITE 210 WEST, WASHINGTON, DC, 20005
Website
www.elcinfo.comNTEE Category
Code: Z99 - Unknown
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