Executive Leadership Council Inc

“To provide black executives who serve or served in senior level management positions, in domestic and international organizations, with a professional network, forum and programs to offer perspective and direction on economic, business, and public policy issues; to provide educational, professional and economic opportunities, mentoring projects, and programs to identify, prepare and advance the next generation of black managers and executives, through the work of the executive leadership foundation (the "foundation"); and to increase the visibility and encourage the recognition and advancement of black business executives.”

“Voting members of the executive leadership council have the authority to elect fifteen board directors out of the eighteen total.”

“Voting members of the executive leadership council have the authority to approve amendments to the articles of incorporation and bylaws; approve any "fundamental transaction" as defined in the nonprofit corporation act of the district of columbia, including but not limited to merger, sale of all or substantially all of the assets of the council, conversion or dissolution of the council; and approve any matter that may be submitted to the voting members by the board of directors, in the discretion of the board.”

“Upon completion of the return by outside tax preparers, the form 990 is first reviewed by management and is then submitted to the audit committee who has the delegated responsibility of reviewing the return prior to filing by the board of directors. After the audit committee reviews and is in agreement, the return is finalized and signed off by the outside tax preparers as well as the president & ceo of the council. Prior to filing, the full and complete form 990 is distributed to the entire board of directors.”

“Elc monitors its conflict of interest policy by requiring all board members, officers and employees to submit annually a conflict of interest form disclosing any existing or potential financial or other interests which impair or might reasonably appear to impair that person's independent, unbiased judgment in the discharge of the interested person's responsibilities to the council.”

“Compensation for the president and ceo is determined by the executive committee of the board of directors, which consists of professionals in human resources and various other management skills. They utilize professional search firms for advice and research on compensation for executives in similar industries, geographic locations, size and resources. The president and ceo reviews the compensation for the other officers and key employees and, based on comparative outside data, makes recommendations to the chair of the council for approval.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Liquidating distribution -300,835.”