Maryland · Nonprofit
MANAGEMENT LEADERSHIP FOR TOMORROW
MANAGEMENT LEADERSHIP FOR TOMORROW (Maryland) receives grants from 106 organizations whose IRS filings report $70,727,763 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($15,180,750). 46 of them have funded it in more than one year.
- Revenue FY2024
- $42M
- Funders on record
- 106
- Grants received
- $71M
- Net assets
- $40M
What Management Leadership for Tomorrow does
Mission
Mlt accelerates economic mobility by expanding career opportunities for individuals and improving employer practices to create inclusive, meritocratic workplaces where everyone can thrive.
As stated on its FY2024 Form 990.
Programs
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
$15,502,776 spent$400,700 earned by the program44% of program spendingMaximizing 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.
$12,601,811 spent$3,223,836 earned by the program36% of program spendingEquitable 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.
$7,069,862 spent$3,836,052 earned by the program20% of program spending
The 3 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $35,174,449.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $27M to $53M (+96%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 4% · 2021 0%. Grants only. Government contracts and fees sit inside program revenue.
87% of MANAGEMENT LEADERSHIP FOR TOMORROW’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
E John Rice Jr
CEO
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 12 funders to 29 funders, grant income rose $709k → $6.1M.
24 of 106 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 49% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MANAGEMENT LEADERSHIP FOR TOMORROW’s funders (the co-funder graph). Top 30 of 106 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MANAGEMENT LEADERSHIP FOR TOMORROW has a broad base — no single funder exceeds 21% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
76% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MANAGEMENT LEADERSHIP FOR TOMORROW.
Largest funder’s share by year: 2017 71% · 2018 47% · 2019 59% · 2020 14% · 2021 43% · 2022 30% · 2023 20% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
23% of MANAGEMENT LEADERSHIP FOR TOMORROW's funders are still giving 3 years after their first grant; 43% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
MANAGEMENT LEADERSHIP FOR TOMORROW draws 100% of its grant income from funders outside Maryland, across 25 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $35M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MANAGEMENT LEADERSHIP FOR TOMORROW has grown faster than three-quarters of the 4,064 education nonprofits its size.
this organization peer median middle 50% of peers· 4,064 education nonprofits $10M–$100M, FY2024
Government funding MANAGEMENT LEADERSHIP FOR TOMORROW receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $290k on record.
- National Science Foundation$209k
- Securities and Exchange Commission$82k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like MANAGEMENT LEADERSHIP FOR TOMORROW
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maryland
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Public support
72%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 17 states
Part of a family of 1 related entity
- Mlt Impact Fund LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for MANAGEMENT LEADERSHIP FOR TOMORROW: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MANAGEMENT LEADERSHIP FOR TOMORROW?
- MANAGEMENT LEADERSHIP FOR TOMORROW (Maryland) receives grants from 106 organizations whose IRS filings report $70,727,763 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($15,180,750). 46 of them have funded it in more than one year.
- How many funders does MANAGEMENT LEADERSHIP FOR TOMORROW have?
- IRS filings report 106 organizations giving $70,727,763 in grants to MANAGEMENT LEADERSHIP FOR TOMORROW, 46 of which have funded it in more than one year.
- Who is the largest funder of MANAGEMENT LEADERSHIP FOR TOMORROW?
- NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $15,180,750 in grants. The full list of funders is on this page.
- How can an organization like MANAGEMENT LEADERSHIP FOR TOMORROW find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Management Leadership for Tomorrow →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 106 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing