Civic Intelligence

New Leaders Council

EIN 56-2581640 • 501(c)3 • Washington, DC

Profile

New leaders council's mission is to develop, connect and uplift cross-sector leaders who will transform our country through social and political change.

1050 Connecticut Ave NW 66004Washington, DC 20035

newleaderscouncil.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.38x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.30x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

17th percentile

-16%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

55th percentile

5.6%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

27th percentile

-5.3%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$227,483

Down $387,201 (-63%) from 2023

Liabilities

Down

$312,987

Down $219,154 (-41%) from 2023

Net Assets

Down

-$85,504

Down $168,047 (-204%) from 2023

Operations
Liabilities / Revenue73rd percentileNet Margin17th percentile

Revenue

Down

$1,033,227

Down $230,553 (-18%) from 2023

Expenses

Up

$1,201,274

Up $68,652 (+6.1%) from 2023

Net Income

Down

-$168,047

Down $299,205 (-228%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2010: $95,438Liabilities 2010: $39,334Net Assets 2010: $56,1042010Assets 2011: $51,628Liabilities 2011: $69,397Net Assets 2011: -$17,7692011Assets 2012: $43,358Liabilities 2012: $107,396Net Assets 2012: -$64,0382012Assets 2013: $82,459Liabilities 2013: $35Net Assets 2013: $82,4592013Assets 2014: $80,926Liabilities 2014: $0Net Assets 2014: $80,9262014Assets 2015: $130,511Liabilities 2015: $20,376Net Assets 2015: $110,1352015Assets 2016: $121,971Liabilities 2016: $151,558Net Assets 2016: -$29,5872016Assets 2017: $22,434Liabilities 2017: $444,127Net Assets 2017: -$421,6932017Assets 2018: -$5,939Liabilities 2018: $431,742Net Assets 2018: -$437,6812018Assets 2019: $195,499Liabilities 2019: $463,423Net Assets 2019: -$267,9242019Assets 2020: $442,803Liabilities 2020: $469,248Net Assets 2020: -$26,4452020Assets 2021: $503,250Liabilities 2021: $227,325Net Assets 2021: $275,9252021Assets 2022: $204,118Liabilities 2022: $252,733Net Assets 2022: -$48,6152022Assets 2023: $614,684Liabilities 2023: $532,141Net Assets 2023: $82,5432023Assets 2024: $227,483Liabilities 2024: $312,987Net Assets 2024: -$85,5042024

Highlighted filing

2024

Assets$227,483
Liabilities$312,987
Net Assets-$85,504
Open 2024 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $280,7742010Expenses 2011: $490,2692011Revenue 2012: $458,015Expenses 2012: $504,283Net Income 2012: -$46,2682012Revenue 2013: $653,927Expenses 2013: $666,152Net Income 2013: -$12,2252013Revenue 2014: $859,671Expenses 2014: $820,289Net Income 2014: $39,3822014Revenue 2015: $1,284,128Expenses 2015: $1,254,919Net Income 2015: $29,2092015Revenue 2016: $1,316,620Expenses 2016: $1,456,131Net Income 2016: -$139,5112016Revenue 2017: $1,669,240Expenses 2017: $2,022,572Net Income 2017: -$353,3322017Revenue 2018: $1,884,425Expenses 2018: $1,900,413Net Income 2018: -$15,9882018Revenue 2019: $1,988,317Expenses 2019: $1,821,445Net Income 2019: $166,8722019Revenue 2020: $1,105,524Expenses 2020: $972,045Net Income 2020: $133,4792020Revenue 2021: $1,265,587Expenses 2021: $963,187Net Income 2021: $302,4002021Revenue 2022: $1,153,223Expenses 2022: $1,477,763Net Income 2022: -$324,5402022Revenue 2023: $1,263,780Expenses 2023: $1,132,622Net Income 2023: $131,1582023Revenue 2024: $1,033,227Expenses 2024: $1,201,274Net Income 2024: -$168,0472024

Highlighted filing

2024

Revenue$1,033,227
Expenses$1,201,274
Net Income-$168,047
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$227,483
Liabilities
$312,987
Net assets
-$85,504
Revenue
$1,033,227
Expenses
$1,201,274
Net income
-$168,047
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.23$0.31$0.09$1.03$1.20$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.53$0.08$1.26$1.13$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.20$0.25$0.05$1.15$1.48$0.32
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.23$0.28$1.27$0.96$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.47$0.03$1.11$0.97$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.46$0.27$1.99$1.82$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.43$0.44$1.88$1.90$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.44$0.42$1.67$2.02$0.35
2016Detailed filing. Detailed filing data is available for this year.$0.12$0.15$0.03$1.32$1.46$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.02$0.11$1.28$1.25$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.86$0.82$0.04
2013Summary only. Only limited summary data is available for this year.$0.08$0.00$0.08$0.65$0.67$0.01
2012Summary only. Only limited summary data is available for this year.$0.04$0.11$0.06$0.46$0.50$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.07$0.02$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.04$0.06$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,033,227
Mission and Program Overview

Mission

New leaders council's mission is to recruit, train, and equip a new generation of leadership for positions in civic, business, and nonprofit work across the country.

New Leaders Council's mission is to develop, connect and uplift cross-sector leaders who will transform our country through social and political change.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$614,684$227,483▼ $387,201
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$614,684$227,483▼ $387,201
Other Assets Total-$0-
Liabilities
Deferred Revenue$459,114$245,200▼ $213,914
Accounts Payable and Accrued Expenses$73,027$67,787▼ $5,240
Total Liabilities$532,141$312,987▼ $219,154
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,050$1,050→ $0
Net Assets Without Donor Restrictions$81,493$-86,554▼ $168,047
Total Net Assets Fund Balance$82,543$-85,504▼ $168,047
Total Liabilities and Net Assets / Fund Balance$614,684$227,483▼ $387,201
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Clare Bresnahan English-92024President/CEOFT$140,128$140,128
Karen Pandy-CherryPresident/CEOFT$126,073$126,073
Adela GhadimiDirector-$25,700$25,700
Ty LimDirector-$24,000$24,000

Board Members and Trustees

NameTitle
Candace StancielBoard Chair
Mark WalshChair Emeritus
Chris KellyDirector
David LeeDirector
Derrick LewisDirector
Joon I KimDirector
Justin BrazDirector
Kellan WhiteDirector
Liz McElroyDirector
MaryEllen VelizDirector
Nick RathodDirector
Raymonde CharlesDirector
Rhianon DeLeeuwDirector
Robert AbernethyDirector
Sherry MerfishDirector
Timothy MasonDirector
Wendy DavisDirector
Yumi LawlorSecretary
Michael TolandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$905,635
Program Service Revenue
$127,592
Investment Income
$0
Other Revenue
$0
All Other Contributions
$905,635
Change in Net Assets
$-168,047
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$751,245
Salaries, Compensation, and Employee Benefits$450,029
Total Fundraising Expense$78,715
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$205,204$82,671$28,026$315,901
Other Salaries and Wages$79,471$16,685-$96,156
All Other Expenses$58,821$17,096$2,840$78,757
Fees for Services Accounting$24,024$10,164$2,860$37,048
Other Expenses$23,437$9,916$2,790$36,143
Payroll Taxes$19,581$8,284$2,331$30,196
Travel$18,264$7,726$2,175$28,165
Office Expenses$9,345$3,954$1,112$14,411
Other Employee Benefits$5,043$2,133$600$7,776
Insurance$4,502$1,905$536$6,943
Occupancy$2,337$989$278$3,604
Advertising$32$14$4$50
Total Functional Expenses$836,051$286,508$78,715$1,201,274
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization will review all financial inputs into the tax return to verify the accuracy & consistency of the information. Both the consulting CFO & the President will review a draft version of the form 990 and approve for filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is included in the board manual for NLC Directors, which is reviewed and affirmed each year. In the event of possible conflict, the relevant member discloses all ties to the Board and is recused from voting on the transaction's approval.”

Form 990, Part VI, Section B, Line 15A

“President/CEO salary is reviewed & approved by the Board of Directors on an annual basis. Compensation is determined by researching other comparably-sized organizations, by the scope of work and by funding available.”

Form 990, Part VI, Section B, Line 15B

“Officers & Key Employees compensation reviewed & approved by the Board of Directors on an annual basis. Compensation is determined by researching other comparably-sized organizations, by the scope of work and by funding available.”

Form 990, Part VI, Section C, Line 19

“NLC makes its governing documents, conflict of interest policy and financial statements available to the public to the degree required by applicable federal state, or local laws in conformance with such laws.”

Filing and Contact Details

Filer

Filer Name
New Leaders Council
EIN
56-2581640
Phone
2026270336
Address
1050 Connecticut Ave NW 66004, Washington, DC 20035

Signing Officer

Name
Karen Pandy-Cherry
Title
President/CEO
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Pandy-Cherry
Formed
2006
Legal Domicile
Dc
Voting Board Members
20
Independent Board Members
19
Employees
4
Volunteers
300

Preparer

Firm
Michael Steele CPA
Address
3170 CROW CANYON PL STE 180, SAN RAMON, CA 94583
Preparer
Michael Steele
Phone
5109850505
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The organization is incorporated as a non-profit District of Columbia corporation and is exempt from income taxes under Internal Revenue Code Section 501(c)(3). Tax returns are filed in the US federal jurisdiction: there are no state tax fiing requirements for the District of Columbia. Tax returns remain subject to examination by the US federal jurisdiction for three years after the return is filed. There are currently no tax years under examination.”

Raw XML AppendixShowing 400 of 657 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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