Leadership Tomorrow

“This form 990 was prepared by the treasurer's cpa firm, which specializes in preparing form 990s. The treasurer reviewed the draft 990 with the executive director and finance committee. All board members then received a draft copy for review prior to filing. After filing, the public disclosure copy of form 990 is available to the general public on the leadership tomorrow website.”

“At the first board meeting of each new fiscal year, board members complete leadership tomorrow's conflict of interest form.”

“Specific duties of the executive committee include yearly evaluation of the executive director. A regional salary survey is used to benchmark compensation for the executive director. The executive committee meets independently of the executive director to discuss the executive director's performance relative to the position description and goals. During this meeting, the executive committee also considers input obtained from other board members, staff, and informed volunteers. Once a consensus is reached regarding performance, a similar discussion is held concerning compensation relative to salary survey information and budget constraints. The committee presents its recommendations, in an executive session without the executive director present, to the full board as part of the annual budget review and approval. The board chair (a member of the executive committee) then meets with the executive director to discuss and document strengths, weaknesses, and goals for the upcoming year. Compensation for the upcoming year is also discussed and documented at that time.”

“Governing documents are available upon request. Summarized financial statement information is published in the organization's annual report, which is available electronically on the organization's website and in print upon request.”

“For part vii, amounts reported are for calendar year 2023. In fiscal year ended august 31, 2024, leadership tomorrow had two executive directors. In january 2024, sue bennett's tenure ended, and bindiya patel's tenure started. Only sue received a 2023 form w2. Therefore, 2023 w2 compensation is reported for sue and no w2 compensation is reported for bindiya.”

“Leadership tomorrow staff include the executive director, flagship program manager, flagship program consultant, and senior communications & operations manager. These individuals receive their annual form w2 from the seattle metropolitan chamber of commerce. Leadership tomorrow reimburses the cost of its personnel, including compensation, payroll taxes and employee benefits, to the seattle chamber at cost.”

“Reconciliation of form 990 to internal financial statements: $ <58,588> revenue less expenses -form 990 155,504 net unrealized gain on investments ---------- $ 96,916 increase in total net assets -internal financial statements ==========”