The financial positions of The Executive Leadership Council and The Executive Leadership Foundation remain strong. As the combined Statement of Financial Position shows, The Council and The Foundation have grown from a $3.3 million net-worth organization in 2003 to over $12.5 million in 2007, a growth of over 300% in five years. This strong financial position has allowed us to increase spending and to fund program activities, including research, advocacy, public awareness, scholarships, and training not funded by member companies.
In 2006, The Foundation used some of its reserves to make a down payment on the purchase of over 6,000 square feet of office space in Alexandria, Virginia to house its offices. This down payment allowed us the flexibility to acquire a 10-year loan with a very competitive interest rate. By February 2007, we had completed design and construction of the space, and The Council started occupying its new offices on February 23, 2007.
Recognizing the uncertain economic environment, The Council has implemented a strategy to maintain and enhance its revenue sources. We have recognized that The Council must be prepared to make necessary adjustments and have, therefore, entered a period of increased fiscal prudence.
The Council and The Foundation’s approach to financial management starts with a strong financial control environment and mutually beneficial multi-year relationships with our Fortune 500 member companies. Additionally, the Board of Directors maintains cognizance and oversight through a series of committees and sub committees to review and ensure 100% compliance with the organizations’ policies with respect to investments, budgets, financial policy, asset management, financial risk management, and its relationships with its principal commercial and investments bankers.
Download Our Financial Statements
The Executive Leadership Council and The Executive Leadership Foundation Financial Statements Download Here
The Tulsa Project:
"Before They Die"
New York, November 19 – Survivors of the 1921 Tulsa Race Riots will give voice to a little-known and shameful chapter of history before hundreds of African American leaders from business, politics and media at the New York premiere of “Before They Die,” a documentary produced by Reginald Turner, CEO of Mportant Click here to read more.
The National Essay Competition is supported by its founding and continuing sponsor, The Coca-Cola Company. Annually, the competition provides 10 scholarships and mentoring opportunities to undergraduate students who write award-winning essays on an assigned business topic. Click here to read more.
