Management Leadership for Tomorrow
Nonprofit profile at a glance
- EIN
- 521795164
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Bethesda, MD, USA
- Phone
- 2027512330
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $41,916,774
- Expenses
- $41,118,748
- Assets
- $43,174,196
- Liabilities
- $3,611,115
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- E JOHN RICE (CEO)
Highest reported compensation
- E JOHN RICE (CEO): $429,828 total reported compensation
- CASEY RECUPERO (VP & CHIEF OPERATIONS OFFICER): $327,919 total reported compensation
- KRISTINA GILBERT (VP & CHIEF ADVISORY OFFICER): $316,344 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mlt accelerates economic mobility by expanding career opportunities for individuals and improving employer practices to create inclusive, meritocratic workplaces where everyone can thrive.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 84
- Accountability: 96
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.7%; rating input score 83
- Program expense ratio: 84%; rating input score 84
- Fundraising efficiency: $13.95 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.3%; rating input score 93; 26th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.9%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 1.05; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 8.4%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 20.7% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 17.5% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 28.2% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 82.7% of revenue deployed · 84% of spending went to programs
- Governance: 14 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $34.5M in reported program spending
- Leadership: top reported pay $430K · 26 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.2M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
- Moderate — Sustainability: Operating margin scored 42/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Officer compensation ratio scored 28/100.