Center for Creative Leadership

“Peter richardson, chairman of the board of trustees, is the father of tyler richardson who is also a participant on the board of trustees. Peter richardson, chairman of the board of trustees and winburne king, trustee, are both officers of moorings capital lcc, an investment company. As of march 31, 2015, the center maintained a partnership interest of 9.1% in moorings capital llc ("moorings"). Moorings is an investment partnership located in greensboro, nc, and was formed to handle investments for the center for creative leadership and other irc section 501 (c) (3) tax-exempt entities. The purpose for investing in moorings is to pool the center's investments with the investments of other irc section 501 (c) (3) entities. By creating a larger investment pool, the tax-exempt entities in moorings hope to improve their overall investment returns and reduce the overall amount of investment advisory fees paid. The center still maintains control over its assets contributed to moorings and directs the investment of those assets. The center may withdraw its assets from the llc at any time. According to the operations agreement of moorings, only entities exempt from federal income tax under irc section 501 (c) (3) are allowed to be members of the llc.”

“Form 990 was reviewed by the audit committee of the board of trustees prior to filing with the irs.”

“Annually, responses to the conflict of interest disclosure questionnaire are reviewed and any instances of potential conflict are investigated. In addition, the center has established policies that prohibit actions that could lead to potential conflicts. The center's management actively reviews throughout the year any action that could create a potential conflict of interest and investigates appropriately.”

“Annually, the center's vice president of talent management meets with the executive committee of the board of governors to review the salaries of the president and officers. This review includes an analysis of salary history and comparable data. Compensation amounts are determined solely by the executive committee of the board of governors who are independent parties.”

“The center's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“The center for creative leadership has two sets of governing bodies; board of trustees and board of governors. As of march 31, 2015, the board of trustees consisted of seven individuals, two of whom were also participants on the board of governors. The board of governors was comprised of seventeen additional individuals. The board of trustees have the sole authority to: elect the trustees, elect the governors, elect the president, adopt and amend bylaws, manage the real and personal property, select the auditors, set compensation of trustees and governors and approve any indebtedness. The board of governors has all other oversight authority except for the items reserved for the trustees.”

“John ryan, a member of the board of governors, is also president and chief executive officer of the center for creative leadership.”

“The center for creative leadership operates campuses in greensboro, north carolina; colorado springs, colorado; san diego, california; and brussels, belgium. The organization operates wholly owned subsidiaries in gurgaon, india; addis ababa; ethiopia; johannesburg, south africa; moscow, russia; and singapore; and a 70% owned singapore joint venture to provide services to china.”

“Ccl has offices located in foreign countries with restrictive laws regarding compensation disclosure. Ccl has not disclosed that foreign compensation in part vii. The compensation range for those required to be listed on part vii due to their positions with the organization is $150,000 to $250,000. This information is available to the irs upon request.”

“Sales of securities shown on form 990, part viii, line 7(i) are the result of sales of investments of moorings capital, llc. The net realized gains and losses as shown on the k-1 are as follows: net short-term capital gain/(loss): moorings capital k-1, box 9a 308,532 related/exempt moorings capital k-1, box 13l (48) ubi net long-term capital gain/(loss): moorings capital k-1, box 9a 3,787,595 related/exempt moorings capital k-1, box 13l 4,432 ubi”

“The mission of the center for creative leadership is to advance the understanding, practice, and development of leadership for the benefit of society worldwide. We conduct research, produce publications and provide a broad variety of educational programs and products to leaders and organizations in the public, corporate and nonprofit sectors. For over 40 years, ccl has helped individuals and organizations unlock their potential through an exclusive focus on leadership and research. Our esteemed faculty of behavioral scientist, researchers and coaches offer unparalleled expertise in addressing leadership challenges globally. We believe leaders are made - not born - and that they can adapt and change. We believe in putting the individuals and organizations we serve first. Our nonprofit status and educational mission give us unique flexibility in a world where profit motives often drive actions. We have the freedom instead to be objective and wary of short-term trends. Likewise, we have the freedom to focus on the success of those we serve. Our research and training programs are widely respected by scholars and professionals alike. Each year, more than 20,000 managers and executives, educators, government administrators, community and volunteer leaders around the world attend our programs. Our publications, products and research initiatives reach a global audience as well and the financial times and business week rank us among the world's top providers of executive education.”

“Adjustment for earnings from moorings capital llc k-1 -1,217,203. Non controlling interest in consolidated subsidiary -106,116. Subsidiaries net income -1,995,585. Foreign currency translation adjustment -1,053,424.”