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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% - Four-Star out of Four Stars
Management Leadership For Tomorrow Inc has received an impressive 98% rating from Charity Navigator, highlighting its strong performance in key areas of accountability and finance. With a score of 97 in Accountability & Finance, the organization demonstrates financial health and the responsible management of resources. The high Program Expense Ratio of 84.57% indicates that a significant portion of funds is directed towards program services, emphasizing its commitment to mission-driven activities.
The organization excels in its Culture & Community and Leadership & Adaptability scores, both of which stand at an impressive 100. This suggests a robust internal culture and a strong capacity to adapt to changing environments, which are essential for long-term success. Additionally, the board of directors is predominantly independent, enhancing the charity's governance and decision-making processes.
While the financial metrics are strong, the Fundraising Efficiency Ratio of $0.04 indicates that the organization raises funds effectively with minimal cost. The Working Capital Ratio of 1.72 years further emphasizes its capability to sustain operations. Overall, Management Leadership For Tomorrow Inc is well-regarded for its transparency, governance, and impactful programming, making it a trusted choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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 1500 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):
- Compensation: $303,972
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- Other: $31,346
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- Compensation: $266,200
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- Other: $1,342
- Compensation: $267,976
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- Other: $31,346
- Compensation: $271,200
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- Other: $1,342
- Compensation: $242,987
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- Other: $1,342
- Compensation: $240,950
- Related: $0
- Other: $1,342
- Compensation: $238,738
- Related: $0
- Other: $20,917
Official website here: www.mlt.org
Where can I find the form 990 for Management Leadership For Tomorrow Inc?
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.
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Impact
October, 2024
Management Leadership for Tomorrow Inc. significantly impacts economic mobility for students of color by addressing crucial gaps in the college-to-career transition. Its programs are meticulously designed to equip undergraduates with the necessary skills, connections, and confidence to secure and excel in their careers post-graduation.
Through intensive one-on-one professional coaching, participants receive personalized guidance tailored to their individual career aspirations. The leadership and analytical skill development seminars led by partner corporations enhance their competency and preparedness for the job market. Furthermore, MLT's network facilitates invaluable connections between students and top recruiters from highly sought-after firms, enabling students to access premium job opportunities that might otherwise be out of reach.
MLT Ascend specifically targets low-income, first-generation students of color, supporting them not only in maintaining their college enrollment but also in transitioning successfully into professional environments. By providing resources that foster persistence and readiness, MLT empowers these students to navigate academic and career challenges effectively.
The TurnPro pilot program further expands MLT's reach by collaborating with universities and colleges to implement its interventions. It aims to demonstrate that students who engage with MLT's resources have significantly better job outcomes compared to their peers, showcasing the effectiveness of these targeted programs.
Overall, Management Leadership for Tomorrow Inc. plays a transformative role in elevating the career trajectories of individuals from diverse backgrounds and advancing racial equity in the professional landscape.
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.
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: $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
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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
Phone
(202) 751-2330Principal Officer
E John Rice Jr
Main Address
7200 WISCONSIN AVENUE 200, BETHESDA, MD, 20814
Website
www.mlt.orgNTEE Category
Code: B60Z - Education
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