2026-05-14T14:54:02-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-07-01 430962198 CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT CONS 6366815553 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 ERIC ALLEN EXECUTIVE DIRECTOR & CEO 6366815553 2026-05-13 1 1 SARAH HINTZ P00492291 7196350330 2026-05-13 2024 2025-03-06 01:10:19Z ERIC ALLEN 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 62509318 0 X WWW.CGSM.ORG X 1971 MO ENHANCE ACCESS TO GLOBAL BUSINESS EDUCATION AND LEADERSHIP. 26 25 18 50 0 0 462030 1693601 57140504 60206227 330457 283655 47299 324972 57980290 62508455 55372734 58923669 0 0 2352342 2085390 0 0 270619 1420628 2482670 59145704 63491729 -1165414 -983274 8430747 7137399 2239097 2095586 6191650 5041813 X THE CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT IS A CONTINUALLY GROWING AND EVOLVING ALLIANCE OF SOME OF THE WORLD'S LEADING GRADUATE BUSINESS SCHOOL'S AND BUSINESS ORGANIZATIONS, SUPPORTED BY THE (CONTINUED ON SCHEDULE O)STRENGTH OF OUR EXTENDED NETWORK OF STUDENTS AND ALUMNI. THE MISSION, THROUGH THE STRENGTH OF OUR GROWING ALLIANCE AND EXTENDED NETWORK, IS TO ENHANCE DIVERSITY AND INCLUSION IN GLOBAL BUSINESS EDUCATION AND LEADERSHIP BY STRIVING TO REDUCE THE SIGNIFICANT UNDERREPRESENTATION OF AFRICAN AMERICANS, HISPANIC AMERICANS, AND NATIVE AMERICANS IN BOTH OUR MEMBER SCHOOLS' ENROLLMENTS AND THE RANKS OF GLOBAL MANAGEMENT. WE BELIEVE THIS MISSION CAN BE ACHIEVED BY RECRUITING FOR GRADUATE BUSINESS EDUCATION QUALIFIED U.S. CITIZENS AND U.S. PERMANENT RESIDENTS WHO DEMONSTRATE A COMMITMENT TO THE CONSORTIUM'S MISSION AND WHO CAN BEST ASSIST THE CONSORTIUM IN PURSUING THIS MISSION. 0 0 61928142 58923669 60206227 SINCE ITS INCEPTION IN 1966, THE CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT'S PRINCIPAL OBJECTIVE HAS BEEN TO ENCOURAGE UNDERREPRESENTED MINORITIES AND THOSE WHO SUPPORT OUR MISSION TO PURSUE MASTERS DEGREES IN BUSINESS ADMINISTRATION AT ONE OF OUR MEMBER SCHOOLS FULL TIME MBA PROGRAMS. TODAY WE HAVE 21 TOP-TIER UNIVERSITIES AND APPROXIMATELY 1100 STUDENTS ANNUALLY ARE ELIGIBLE FOR FULL FELLOWSHIPS OR OTHER GIFT AID. IN FY2025, THE 2025/2026 CLASSES WERE PROVIDED $58.9 MILLION IN SUPPORT. 61928142 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X X GLENN WILEN 6366815553 331 N NEW BALLAS ROAD ST LOUIS MO 63005 PETER J ARANDA III EXECUTIVE DIRECTOR & CEO 40.00 X X 329015 0 84986 DOROTHY KITTNER BOARD CHAIR 7.00 X X 0 0 0 CYNTHIA SAUNDERS-CHEATHAM CHAIR ELECT 7.00 X X 0 0 0 MICHELLE AITALA TRUSTEE 3.00 X 0 0 0 ELIDA BATISTA TRUSTEE 3.00 X 0 0 0 LINA BELL TRUSTEE 3.00 X 0 0 0 KAVITH BINDRA TRUSTEE 2.00 X 0 0 0 SUDIPTA DASMOHAPATRA TRUSTEE 3.00 X 0 0 0 RASHID FARRELL TRUSTEE (THRU 8/24) 2.00 X 0 0 0 CRYSTAL FAZAL TRUSTEE 3.00 X 0 0 0 JEAN GEKLER TRUSTEE 2.00 X 0 0 0 JIM HOLMEN TRUSTEE 3.00 X 0 0 0 RUBY JONES TRUSTEE 3.00 X 0 0 0 ALEX LAWRENCE TRUSTEE 4.00 X 0 0 0 REBEKAH LEWIN TRUSTEE 2.00 X 0 0 0 RODRIGO MALTA TRUSTEE 4.00 X 0 0 0 COLLEEN MCMULLEN TRUSTEE 3.00 X 0 0 0 AMY MITSON TRUSTEE 4.00 X 0 0 0 NOEMI MORILLO-VASQUEZ TRUSTEE 3.00 X 0 0 0 MARVELL NESMITH TRUSTEE 2.00 X 0 0 0 MICHAEL ROBINSON TRUSTEE 5.00 X 0 0 0 BRIAN RUGGIERO TRUSTEE 1.00 X 0 0 0 BLAIR SANFORD TRUSTEE 3.00 X 0 0 0 WIL TORRES TRUSTEE 3.00 X 0 0 0 CHRISTIAN WEST TRUSTEE 2.00 X 0 0 0 DAVID WOOTEN TRUSTEE 2.00 X 0 0 0 JANICE WELLS-WHITE CHIEF OPERATING OFFICER (THRU 8/24) 40.00 X 124484 0 38453 KIMBERLY ALEXANDER VP OF DEVELOPMENT 40.00 X 177197 0 58725 GLENN WILEN VP OF FINANCE & ADMINISTRATION 40.00 X 163894 0 52168 MICHAEL BATES VP OF PROGRAMMING 40.00 X 99546 0 0 894136 0 234332 4 0 1 0 CCR SOLUTIONS 4351 35TH STREET ORLANDO FL 32811 AUDIO-VISUAL EVENT SERVICES 135267 1 1693601 1693601 TUITION REMISSIONS 611710 58869169 58869169 ORIENTATION REVENUE 611710 498561 498561 SCHOOL FEES 611710 485000 485000 APPLICATION FEES 611710 353497 353497 60206227 152528 152528 131990 0 863 131990 -863 131127 131127 ERC 900099 197609 197609 MISCELLANEOUS INCOME 900099 127363 127363 324972 62508455 60206227 0 608627 58923669 58923669 1030958 458992 432310 139656 760288 519916 145609 94763 65032 60701 1047 3284 128810 80775 33434 14601 100302 56611 30943 12748 55656 55656 427066 219296 207770 56619 4886 50839 894 109294 15118 92146 2030 39842 39842 133727 40793 90434 2500 1532294 1524625 7526 143 13079 13079 80123 22760 57363 11970 11970 BAD DEBT 23000 23000 63491729 61928142 1292968 270619 1901536 866513 169000 184361 194372 164895 1728375 499660 1113827 1228715 5052012 4692915 8430747 7137399 1639078 1734095 184214 415805 361491 2239097 2095586 X 4514795 2676400 1676855 2365413 6191650 5041813 8430747 7137399 -983274 -166563 0 X 0 0 0 X 1247745 1236383 820744 462030 1693601 5460503 1247745 1236383 820744 462030 1693601 5460503 587788 4872715 71031 145963 99149 75746 152528 544417 465 47299 324972 372736 6377656 280450119 0.76400 0.79680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 465. 2023 AMOUNT: $ 47,299. 2024 AMOUNT: $ 324,972. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2109193 108395 167560 54500 2330648 1832643 100000 209550 33000 2109193 1637857 100625 166161 72000 1832643 1846814 101775 -200232 110500 1637857 1430086 105130 359598 45000 1846814 0.00000 1.00000 0.00000 0 0 223896 223896 1227427 229844 997583 277052 269816 7236 1228715 PART V, LINE 4: INCOME GENERATED BY THE ENDOWMENT FUND IS USE FOR STIPENDS TO CONSORTIUM STUDENTS. 1 FELLOWSHIPS, SCHOLARSHIPS, AND TUITION REMISSIONS 1049 58869169 0 N/A N/A LESLIE ELISE ADKINS SCHOLARSHIP 12 54500 0 N/A N/A PART I, LINE 2: STUDENT APPLICATIONS ARE INDEPENDENTLY EVALUATED FOR ADMISSION TO MEMBER SCHOOLS' PROGRAMS AND THE CONSORTIUM, THE LATTER BEING BASED ON THE ABILITY TO PROVE SYNCHRONICITY WITH OUR MISSION. ANY GIFT AID IS AWARDED BY THE SCHOOLS DIRECTLY TO THE STUDENT'S UNIVERSITY ACCOUNTS AND ADMINISTERED BY THEM, NOT THE CONSORTIUM. 1 X X X X 0 0 0 0 0 0 0 0 0 PETER J ARANDA III EXECUTIVE DIRECTOR & CEO 329015 0 0 0 0 0 53475 0 31511 0 414001 0 0 0 KIMBERLY ALEXANDER VP OF DEVELOPMENT 177197 0 0 0 0 0 38592 0 20133 0 235922 0 0 0 GLENN WILEN VP OF FINANCE & ADMINISTRATION 163894 0 0 0 0 0 36566 0 15602 0 216062 0 0 0 JANICE WELLS-WHITE CHIEF OPERATING OFFICER (THRU 8/24) 124484 0 0 0 0 0 25665 0 12788 0 162937 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL, TO THE EXTENT PROVIDED IN THE AUTHORIZING RESOLUTION, HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE CONSORTIUM; PROVIDED, HOWEVER, THAT SUCH EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY OF THE BOARD OF TRUSTEES AMENDING, ALTERING OR REPEALING THE BY-LAWS; ELECTING, APPOINTING OR REMOVING ANY ALUMNI TRUSTEE OR OFFICER OF THE CONSORTIUM; AMENDING THE ARTICLES OF INCORPORATION; ADOPTING A PLAN OF MERGER OR ADOPTING A PLAN OF CONSOLIDATION WITH ANOTHER CORPORATION; AUTHORIZING THE SALE, LEASE, EXCHANGE, MORTGAGE, LOAN, OR HYPOTHECATION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CONSORTIUM; ADOPTING A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE CONSORTIUM; AUTHORIZING THE CONSORTIUM TO BORROW MONEY; MAKING A MATERIAL CHANGE IN THE PURPOSE OF THE CONSORTIUM; OR AMENDING, ALTERING OR REPEALING ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS TERMS PROVIDES THAT IT SHALL NOT BE AMENDED, ALTERED OR REPEALED BY SUCH EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL NOT OPERATE TO RELIEVE THE BOARD OF TRUSTEES, OR ANY INDIVIDUAL TRUSTEE, OF ANY RESPONSIBILITY IMPOSED UPON IT OR HIM/HER BY LAW. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES IS RESPONSIBLE FOR REVIEWING THE DRAFT 990. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND INCORPORATED INTO THE 990 PRIOR TO ITS SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONSORTIUM ADHERES TO A WRITTEN POLICY THAT PROHIBITS ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. ALL TRUSTEES, OFFICERS, COMMITEE MEMBERS AND STAFF ARE TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. IF A STAFF MEMBER IS UNCERTAIN WHETHER OR NOT A CONFLICT OF INTEREST EXISITS, HE OR SHE MAY ASK THE EXECUTIVE DIRECTOR & CEO TO MAKE A DETERMINATION. IF A STAFF MEMBER DISAGREES WITH THE DETERMIANTION, HE OR SHE MAY APPEAL THE DECISION TO THE BOARD, WHO WILL THEN RESOLVE THE QUESTION BY MAJORITY VOTE. IF A TRUSTEE OR OFFICER IS UNCERTAIN WHETHER OR NOT A CONFLICT OF INTEREST EXITS, HE OR SHE MAY ASK TO BOARD TO MAKE A DETERMINATION. THE BOARD SHALL RESOLVE THE QUESTION BY MAJORITY VOTE. WHILE THERE HAVE NOT BEEN ANY RECORDED PERSONAL CONFLICTS, OCCASIONALLY AN INDIVIDUAL SCHOOL'S INTEREST MAY CONFLICT WITH THAT OF THE OVERALL ORGANIZATION. IN THOSE CASES THE TRUSTEES ARE REMINDED THAT THEY HAVE A FIDUCIARY RESPONSIBILITY TO THE CONSORTIUM AND NOT THEIR HOME UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR & CEO INCLUDES A REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD , INDEPENDENT COMPENSATION CONSULTANT, COMPARABILITY DATA, THE CONSORTIUM'S PERFORMANCE, THE ECONOMY AND INFLATION. ONGOING SALARY ADJUSTMENTS ARE ARRIVED AT BY ESTABLISHING AN OVERALL INCREASE POOL BASED ON MULTIPLE FACTORS. THE OVERALL POOL IS APPOVED BY THE BOARD OF TRUSTEES AND ALLOCATED BASED ON THE ANNUAL BUDGET REVIEW PROCESS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANZATIONS FINANCIAL PERFORMANCE IS INCLUDED IN THE ANNUAL REPORT, THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.