GRADUATE MANAGEMENT ADMISSION COUNCIL: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- GRADUATE MANAGEMENT ADMISSION COUNCIL (EIN 23-7084339)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202413199349307711
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T12:07:04-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WILSON BOULEVARD SUITE 1500 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237084339 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRADUATE MANAGEMENT ADMISSION COUNCIL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAD | BusinessNameControlTxt |
| Phone | 7036689600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE 300 | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOY JONES | PersonNm |
| Person Title | CHIEF EXECUTIVE OFFICER | PersonTitleTxt |
| Phone | 7036689600 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARY TORRETTA | PreparerPersonNm |
| PTIN | P00847851 | PTIN |
| Phone | 7038477500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOY JONES | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE 300 | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $96,285,268 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GMAC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | TO CREATE A WORLD WHERE EVERY PERSON CAN BENEFIT FROM THE BEST BUSINESS EDUCATION FOR THEM. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 116 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $566,503 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $258,761 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $53,628,781 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $57,533,693 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,342,368 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,101,400 | CYInvestmentIncomeAmt |
| PY Other Revenue | $55,457 | PYOtherRevenueAmt |
| CY Other Revenue | $105,606 | CYOtherRevenueAmt |
| PY Total Revenue | $63,026,606 | PYTotalRevenueAmt |
| CY Total Revenue | $63,740,699 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $401,430 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $561,568 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $23,695,097 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $24,905,079 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $45,532,716 | PYOtherExpensesAmt |
| CY Other Expenses | $48,480,397 | CYOtherExpensesAmt |
| PY Total Expenses | $69,629,243 | PYTotalExpensesAmt |
| CY Total Expenses | $73,947,044 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$6,602,637 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$10,206,345 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $191,283,214 | TotalAssetsBOYAmt |
| Total Assets EOY | $191,084,951 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $28,596,380 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $26,509,262 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $162,686,834 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $164,575,689 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF GRADUATE MANAGEMENT ADMISSION COUNCIL (GMAC) IS TO PROVIDE THE TOOLS AND INFORMATION NECESSARY FOR SCHOOLS AND TALENT TO DISCOVER AND EVALUATE EACH OTHER (SEE SCHEDULE O).GMAC BELIEVES THE VALUES OF COURAGE, CREATIVITY, LISTENING, COLLABORATION AND INTEGRITY, BUILD LASTING CONNECTIONS WITHIN GMAC AND THE EDUCATION COMMUNITY, BOTH TODAY AND FOR THE FUTURE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $50,432,847 | ExpenseAmt |
| Revenue | $51,336,900 | RevenueAmt |
| Desc | TEST OPERATIONS: GMAC IS COMMITTED TO PROVIDING TOOLS AND SOLUTIONS TO SCHOOLS AND CANDIDATES TO CONNECT WITH AND EVALUATE EACH OTHER SO THAT TALENT DOES NOT GO UNDISCOVERED. GRADUATE MANAGEMENT EDUCATION (GME) PROGRAMS EVALUATE GLOBAL APPLICANTS FROM DIVERSE EDUCATIONAL AND PROFESSIONAL BACKGROUNDS FOR ADMISSION TO MBA AND BUSINESS MASTER'S DEGREE PROGRAMS. THE GMAT (GRADUATE MANAGEMENT ADMISSION TEST), EA (EXECUTIVE ASSESSMENT), AND NMAT BY GMAC ASSESSMENTS ASSIST SCHOOLS IN EVALUATING CANDIDATE ACADEMIC SUCCESS LIKELIHOOD IN GRADUATE MANAGEMENT PROGRAMS ADMISSIONS. AS SUCH, GMAC'S PORTFOLIO OF PREMIER ASSESSMENTS IS RECOGNIZED AS TRUSTED, VALID PREDICTORS OF ACADEMIC SUCCESS FOR GRADUATE BUSINESS PROGRAMS. GMAC'S ASSESSMENTS ARE ACCEPTED BY MORE THAN 7,000 SCHOOLS GLOBALLY.(SEE SCHEDULE O)THE GMAT EXAM HAS BEEN TRUSTED BY SCHOOLS FOR OVER 60 YEARS AS A PROVEN AND RELIABLE MEASUREMENT IN ADMISSIONS. IN 2015, GMAC ACQUIRED THE NMAT EXAMINATION IN INDIA, RENAMED THE NMAT BY GMAC. IN 2016, GMAC LAUNCHED THE EXECUTIVE ASSESSMENT (EA) FOR EXECUTIVE GRADUATE MANAGEMENT PROGRAMS. MORE INFORMATION CAN BE FOUND AT HTTPS://WWW.GMAC.COM/GMAT-OTHER-ASSESSMENTS/ABOUT-OUR-OTHER-ASSESSMENTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,533,003 | ExpenseAmt |
| Grant | $561,568 | GrantAmt |
| Revenue | $5,630,290 | RevenueAmt |
| Desc | OTHER EDUCATIONAL SERVICES FOR SCHOOLS AND GME CANDIDATES: INCLUDING BUT NOT LIMITED TO, MBA.COM, GMAC.COM, PROFESSIONAL DEVELOPMENT AND EVENTS, AND DISCOVERY AND ENGAGEMENT SOLUTIONS.MBA.COM: GME CANDIDATES ARE PROVIDED A RICH PORTAL VIA WWW.MBA.COM, WHERE THEY CAN LEARN ABOUT THE BENEFITS OF GRADUATE MANAGEMENT EDUCATION AND HOW TO FURTHER THEIR CAREER JOURNEY. ON THE SITE, THERE ARE MYRIAD OPPORTUNITIES TO ASSIST THEM WITH PREPARING FOR THEIR APPLICATIONS, REGISTERING FOR EXAMS, CONNECTING WITH SCHOOLS AND ACCESSING FREE AND PAID TEST PREPARATION MATERIALS. (SEE SCHEDULE O)GMAC.COM: BUSINESS SCHOOL AND HIGHER EDUCATION PROFESSIONALS CAN ACCESS A WEALTH OF INFORMATION VIA GMAC.COM, INCLUDING MARKET INTELLIGENCE, INSIGHTS AND ANALYSIS, WHITE PAPERS, NEWS DIGESTS, NEWSLETTERS, ASSESSMENT RESOURCES, AND TOOLS TO HELP THEM SHARPEN THEIR SKILLS, BE ABREAST OF TRENDS AND TAP INTO INFORMATION AND SERVICES SPECIFICALLY FOR GME PROFESSIONALS.PROFESSIONAL DEVELOPMENT AND EVENTS: GMAC PROVIDES ESSENTIAL PROFESSIONAL LEARNING AND DEVELOPMENT OPPORTUNITIES FOR ADMISSIONS PROFESSIONALS AND OTHER BUSINESS SCHOOL LEADERS, INCLUDING CONVENING GLOBAL EDUCATION CONFERENCES, WORKSHOPS, TRAINING, SEMINARS, SCHOOL EVENTS, WEBINARS AND MORE, BOTH VIRTUAL AND IN-PERSON.DISCOVERY AND ENGAGEMENT SOLUTIONS: GMAC HELPS SCHOOLS REACH THE LARGEST QUALIFIED, GLOBAL CANDIDATE POOL INTERESTED IN PURSUING AN MBA OR BUSINESS MASTER'S DEGREE THROUGH DATA-DRIVEN MARKETING, TOURS AND CONTENT SERVICES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,048,502 | ExpenseAmt |
| Desc | RESEARCH: GMAC RESEARCH PROVIDES DATA-DRIVEN MARKET INTELLIGENCE AND INSIGHTS FOR THE GRADUATE MANAGEMENT EDUCATION COMMUNITY. AREAS OF FOCUS INCLUDE ANALYSIS OF GRADUATE MANAGEMENT CANDIDATE TEST TAKERS, APPLICATION TRENDS, CORPORATE RECRUITING OUTLOOKS, ALUMNI PERSPECTIVES, AND GLOBAL AND REGIONAL TRENDS IN AREAS OF PROGRAMS, DIVERSITY, TALENT MOBILITY, AND PSYCHOMETRIC VALIDITY. RESEARCH DIRECTLY SUPPORTS AND ENABLES GMAC MEMBER SCHOOLS AND THE GRADUATE MANAGEMENT EDUCATION COMMUNITY WITH INTERACTIVE AND CUSTOM REPORTS AND PROVIDES INSIGHTS THAT ENABLE TWO-WAY DISCOVERY BETWEEN SCHOOLS AND CANDIDATES. MORE INFORMATION CAN BE SEEN AT HTTPS://WWW.GMAC.COM/MARKET-INTELLIGENCE-AND-RESEARCH. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $55,014,352 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 112 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 116 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CH | ForeignCountryCd |
| Foreign Country | HK | ForeignCountryCd |
| Foreign Country | IN | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JENNIFER MARTIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7036689600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE STE 300 | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| JOY JONES | ||||||||||
| CHIEF PRODUCT OFFICER & GENERAL MGR. | 40.00 | 0.00 | Yes (X) | Yes (X) | $824,671 | $0 | $51,166 | |||
| JON ERICKSON | ||||||||||
| CHAIR (TO 7/1/23) | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| THEMIN SUWARDY | ||||||||||
| DIRECTOR (TO 7/1/23); CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ISABELLE BAJEUX-BESNAINOU | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARTIN BOEHM | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MUKESH BUTANI | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ITZIAR DE ROS | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRUCE DELMONICO | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| YUAN DING | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| CATHERINE DUGGAN | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| CURTIS FERGUSON | ||||||||||
| DIRECTOR (FROM 7/1/23) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| SANJIV KAPUR | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KATY MONTGOMERY | ||||||||||
| DIRECTOR (TO 6/30/23) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JAY NIBBE | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| FRANCOIS ORTALO-MAGNE | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANA MARIA ZERMENO PADILLA | ||||||||||
| DIRECTOR (FROM 7/1/23) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| GIUSEPPE SODA | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANTHONY WILBON | ||||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ASHISH BHARDWAJ | ||||||||||
| SR VP & HEAD, MARKET DEVELOPMENT | 40.00 | 0.00 | Yes (X) | $548,700 | $0 | $51,582 | ||||
| JENNIFER MARTIN | ||||||||||
| CFO & HEAD, CORPORATE DEVELOPMENT | 40.00 | 0.00 | Yes (X) | $523,741 | $0 | $44,158 | ||||
| KEVIN LEFEW | ||||||||||
| CHIEF TECHNOLOGY OFFICER | 40.00 | 0.00 | Yes (X) | $501,071 | $0 | $26,725 | ||||
| MAITE SALAZAR | ||||||||||
| CHIEF MARKETING OFFICER (TO 4/24/23) | 40.00 | 0.00 | Yes (X) | $242,492 | $0 | $15,109 | ||||
| ADAM WITWER | ||||||||||
| CHIEF PRODUCT OFFICER (FROM 6/19/23) | 40.00 | 0.00 | Yes (X) | $171,741 | $0 | $19,056 | ||||
| SARAH BENNETT | ||||||||||
| CHIEF MARKETING OFC. (FROM 6/15/23) | 40.00 | 0.00 | Yes (X) | $162,341 | $0 | $23,864 | ||||
| ASHOK SARATHY | ||||||||||
| VP, PRODUCT MANAGEMENT OPERATIONS | 40.00 | 0.00 | $435,894 | $0 | $48,281 | Yes (X) | ||||
| ROBIN EVERETT | ||||||||||
| VP, LEGAL | 40.00 | 0.00 | $424,843 | $0 | $49,440 | Yes (X) | ||||
| SABRINA WHITE | ||||||||||
| VP, SCHOOL & INDUSTRY ENGAGEMENT | 40.00 | 0.00 | $442,425 | $0 | $25,717 | Yes (X) | ||||
| KYUNGTYEK HAN | ||||||||||
| SR DIR, PSYCHOMETRICIAN | 40.00 | 0.00 | $261,532 | $0 | $40,581 | Yes (X) | ||||
| ELAINE ALBERS | ||||||||||
| SR DIR, PRODUCT MANAGEMENT | 40.00 | 0.00 | $259,604 | $0 | $24,205 | Yes (X) | ||||
| DAVID EELMAN | ||||||||||
| SR DIR, GLOBAL CONTROLLER | 40.00 | 0.00 | $252,366 | $0 | $24,369 | Yes (X) | ||||
| SANGEET CHOWFLA | ||||||||||
| FORMER SR ADVISOR TO BOARD | 40.00 | 0.00 | $748,417 | $0 | $5,004 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,799,838 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $449,257 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 80 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| THE XELA GROUP | |||||
| 1818 LIBRARY STREET STE 500 | RESTON | VA | 20190 | TECHNOLOGY CONSULTING | $471,756 |
| THE HANOVER RESEARCH COUNCIL LLC | |||||
| 4401 WILSON BLVD 9TH FL | ARLINGTON | VA | 22203 | MARKET RESEARCH | $323,839 |
| NOOQLEO | |||||
| 12058 CHEVIOT DRIVE | HERNDON | VA | 20170 | MARKETING AND PROJECT MANAGEMENT | $261,539 |
| EASTBANC TECHNOLOGIES | |||||
| 1211 31ST STREET NW | WASHINGTON | DC | 20007 | SOFTWARE DEVELOPMENT AND SUPPORT | $228,993 |
| SCOUT SOLUTIONS | |||||
| 108 BUGLE COURT NORTHEAST | LEESBURG | VA | 20176 | TECHNOLOGY CONSULTING | $173,482 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TEST OPERATIONS | 611710 | $51,336,900 | $51,336,900 | |
| SCHOOL/STUDENT PRODUCT | 611710 | $3,148,568 | $3,148,568 | |
| MEDIA PRODUCTS | 611710 | $1,759,538 | $1,193,035 | $566,503 |
| PROF. DEVELOPMENT | 611710 | $1,288,687 | $1,288,687 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $57,533,693 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,544,803 | TotalRevenueColumnAmt |
| Exclusion | $3,544,803 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $35,101,166 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $32,544,569 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,556,597 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,556,597 | TotalRevenueColumnAmt |
| Exclusion | $2,556,597 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTERCOMPANY REVENUE | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $83,451 | TotalRevenueColumnAmt |
| Exclusion | $83,451 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,155 | TotalRevenueColumnAmt |
| Exclusion | $22,155 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $105,606 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $63,740,699 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $56,967,190 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $566,503 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,207,006 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $234,900 | TotalAmt |
| Program Services | $234,900 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,450 | TotalAmt |
| Program Services | $54,450 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $272,218 | TotalAmt |
| Program Services | $272,218 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,051,421 | TotalAmt |
| Program Services | $3,769,895 | ProgramServicesAmt |
| Management And General | $1,281,526 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $748,417 | TotalAmt |
| Management And General | $748,417 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,812,194 | TotalAmt |
| Program Services | $9,532,777 | ProgramServicesAmt |
| Management And General | $5,279,417 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $785,196 | TotalAmt |
| Program Services | $506,753 | ProgramServicesAmt |
| Management And General | $278,443 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,080,792 | TotalAmt |
| Program Services | $1,342,909 | ProgramServicesAmt |
| Management And General | $737,883 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,427,059 | TotalAmt |
| Program Services | $921,001 | ProgramServicesAmt |
| Management And General | $506,058 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,366 | TotalAmt |
| Program Services | $4,837 | ProgramServicesAmt |
| Management And General | $43,529 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $596,014 | TotalAmt |
| Program Services | $59,601 | ProgramServicesAmt |
| Management And General | $536,413 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $464,551 | TotalAmt |
| Management And General | $464,551 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,654,867 | TotalAmt |
| Program Services | $3,491,150 | ProgramServicesAmt |
| Management And General | $1,163,717 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,552,942 | TotalAmt |
| Program Services | $4,823,751 | ProgramServicesAmt |
| Management And General | $729,191 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,031,138 | TotalAmt |
| Program Services | $406,228 | ProgramServicesAmt |
| Management And General | $1,624,910 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,619,791 | TotalAmt |
| Program Services | $3,413,047 | ProgramServicesAmt |
| Management And General | $3,206,744 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $292,449 | TotalAmt |
| Program Services | $58,490 | ProgramServicesAmt |
| Management And General | $233,959 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,979,188 | TotalAmt |
| Program Services | $1,093,133 | ProgramServicesAmt |
| Management And General | $886,055 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,578,020 | TotalAmt |
| Program Services | $1,578,020 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,583,959 | TotalAmt |
| Program Services | $4,008,662 | ProgramServicesAmt |
| Management And General | $575,297 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $263,976 | TotalAmt |
| Program Services | $52,795 | ProgramServicesAmt |
| Management And General | $211,181 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| TEST OPERATIONS | $16,291,188 | $16,291,188 |
| BAD DEBT EXPENSE | $1,318,289 | $1,318,289 |
| GST TAX | $965,334 | $965,334 |
| MEDIA/STUDENT RECRUIT | $514,497 | $514,497 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $725,828 | TotalAmt |
| Program Services | $300,427 | ProgramServicesAmt |
| Management And General | $425,401 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,947,044 | TotalAmt |
| Program Services | $55,014,352 | ProgramServicesAmt |
| Management And General | $18,932,692 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,086,573 | BOYAmt |
| EOY | $10,282,637 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,107,423 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,265,416 | BOYAmt |
| EOY | $1,930,463 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,182 | BOYAmt |
| EOY | $6,291 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,505,187 | BOYAmt |
| EOY | $1,635,989 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $17,084,511 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,793,683 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,589,155 | BOYAmt |
| EOY | $3,290,828 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,741,856 | BOYAmt |
| EOY | $147,329,354 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,189,207 | BOYAmt |
| EOY | $129,164 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,000 | BOYAmt |
| EOY | $200,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,693,638 | BOYAmt |
| EOY | $24,172,802 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $191,283,214 | BOYAmt |
| EOY | $191,084,951 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,975,583 | BOYAmt |
| EOY | $16,961,791 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,225,986 | BOYAmt |
| EOY | $2,171,947 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,394,811 | BOYAmt |
| EOY | $7,375,524 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,596,380 | BOYAmt |
| EOY | $26,509,262 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $162,686,834 | BOYAmt |
| EOY | $164,575,689 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $162,686,834 | BOYAmt |
| EOY | $164,575,689 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $191,283,214 | BOYAmt |
| EOY | $191,084,951 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$10,206,345 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $12,064,099 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $31,101 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $89,556,966 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $60,118,407 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $63,076,773 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $53,170,088 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $56,967,190 | CurrentTaxYearAmt |
| Total | $322,889,424 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $89,556,966 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $60,118,407 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $63,076,773 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $53,170,088 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $56,967,190 | CurrentTaxYearAmt |
| Total | $322,889,424 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $322,889,424 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,363,163 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,572,565 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,332,422 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,307,275 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,544,803 | CurrentTaxYearAmt |
| Total | $18,120,228 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,363,163 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,572,565 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,332,422 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,307,275 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,544,803 | CurrentTaxYearAmt |
| Total | $18,120,228 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $148,683 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $294,942 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $147,259 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $197,161 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $258,041 | CurrentTaxYearAmt |
| Total | $1,046,086 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $1,724,406 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $32,133 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $55,457 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $105,606 | CurrentTaxYearAmt |
| Total | $1,917,602 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $93,068,812 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $66,710,320 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $66,588,587 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $56,729,981 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $60,875,640 | CurrentTaxYearAmt |
| Total | $343,973,340 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.93870 | PublicSupportCY509Pct |
| Public Support PY509 | 0.94560 | PublicSupportPY509Pct |
| Investment Income CY | 0.05270 | InvestmentIncomeCYPct |
| Investment Income PY | 0.04750 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | GAIN ON DEBT EXTINGUISHMENT - 2020 AMOUNT: $ 1,724,406. GAIN ON BAD DEBT - 2021 AMOUNT: $ 29,325. ADVOCACY - 2021 AMOUNT: $ 2,808. INTERCOMPANY REVENUE - 2022 AMOUNT: $ 55,457. 2023 AMOUNT: $ 83,451. OTHER REVENUE - 2023 AMOUNT: $ 22,155. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,795,746 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,297,227 | DepreciationAmt |
| Book Value | $1,498,519 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,546,183 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,541,148 | DepreciationAmt |
| Book Value | $5,035 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,742,582 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,955,308 | DepreciationAmt |
| Book Value | $1,787,274 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,290,828 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CAPITALIZED TEST ITEMS | $10,488,468 |
| RIGHT OF USE ASSETS | $4,449,074 |
| OTHER ASSETS | $1,728,799 |
| DEFERRED COMPENSATION PLAN | $643,276 |
| RESIDUAL INTERCO INVESTMENT AND INTERCO AR | $6,863,185 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $24,172,802 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED LEASE OBLIGATIONS | $6,635,384 |
| DEFERRED COMPENSATION LIABILITY | $740,140 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,375,524 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS TAX POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (16 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 1 | 13 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES AND FACILIATE INFORMATION | $2,618,656 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 1 | 12 | PROGRAM SERVICES | ONLINE PUBLISHER OF BUSINESS SCHOLLS NEWS, APPLICANT ADVICE AND CAREER INSPIRATIONS | $1,834,217 |
| EAST ASIA & THE PACIFIC | 1 | 4 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES AND FACILIATE INFORMATION | $1,338,685 |
| SOUTH ASIA | 1 | 29 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES AND FACILIATE INFORMATION | $3,626,133 |
| SOUTH ASIA | 1 | 3 | PROGRAM SERVICES | SELL NMAT AND RELATED TEST PREP PRODUCTS, AND FACILIATE INFORMATION EXCHANGE | $2,019,109 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATION) | SPONSORSHIP FOR GLOBAL ACTIVITIES | $158,336 |
| NORTH AMERICA (EXCLUDING USA) | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATION) | SPONSORSHIP FOR GLOBAL ACTIVITIES | $7,500 |
| EAST ASIA & THE PACIFIC | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $12,850 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $21,007 |
| MIDDLE EAST & NORTH AFRICA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $3,825 |
| RUSSIA & NEIGHBORING STATES | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $2,750 |
| SOUTH AMERICA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $2,500 |
| SOUTH ASIA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $52,400 |
| SUB SAHARAN AFRICA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $7,000 |
| NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $3,550 |
| CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | 0 | 0 | INVESTMENT | $3,979,826 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 5 | SubtotalOfficesCnt |
| Subtotal Employees | 61 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 5 | TotalOfficeCnt |
| Total Employee | 61 | TotalEmployeeCnt |
| Subtotal Spent | $11,615,486 | SubtotalSpentAmt |
| Continuation Spent | $4,072,858 | ContinuationSpentAmt |
| Total Spent | $15,688,344 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND AND GREENLAND) | SPONSORSHIP FOR GLOBAL ACTIVITIES | $125,000 | WIRE | $0 | N/A | N/A |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | SPONSORSHIP FOR GLOBAL ACTIVITIES | $33,336 | WIRE | $0 | N/A | N/A |
| NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES | SPONSORSHIP FOR GLOBAL ACTIVITIES | $7,500 | WIRE | $0 | N/A | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|
| FEE WAIVER | SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, | 191 | $52,400 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY | N/A | FMV |
| FEE WAIVER | EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU | 73 | $21,007 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY | N/A | FMV |
| FEE WAIVER | EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 50 | $12,850 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY | N/A | FMV |
| FEE WAIVER | SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, | 28 | $7,000 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY | N/A | FMV |
| FEE WAIVER | NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES | 13 | $3,550 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY | N/A | FMV |
| FEE WAIVER | SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, | 10 | $2,500 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY | N/A | FMV |
| FEE WAIVER | MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, | 15 | $3,825 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY | N/A | FMV |
| FEE WAIVER | RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, | 11 | $2,750 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY | N/A | FMV |
| FEE WAIVER | CENTRAL AMERICA AND THE CARIBBEAN | 2 | $500 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY | N/A | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | GMAC MAINTAINS POLICIES, PROCEDURES, CONTRACTS OR SUMMARY TERMS AND RECORDS TO GUIDE CORPORATE CHARITABLE GIVING, INCLUDING GUIDANCE REGARDING ELIGIBILITY AND SELECTION CRITERIA, EXPENDITURE TRACKING AND SUBSTANTIATION OF THE AMOUNT OF GRANTS OR ASSISTANCE. GMAC EMPLOYEES WHO ARE DIRECTLY RESPONSIBLE FOR THE BUDGETED FUNDS FROM WHICH GRANTS ARE MADE ARE RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS BY THE RECIPIENTS. |
| PART I, LINE 3: | THE ORGANIZATION USES THE ACCRUAL BASIS OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES. |
| PART I, LINE 3, COLUMN (E): | REGION: EAST ASIA & THE PACIFIC (E) SPECIFIC TYPES OF SERVICES IN REGION: CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE WITHIN GREATER CHINA. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| PHD PROJECT ASSOCIATION | ||||||||||
| 3 CHESTNUT RIDGE ROAD | MONTVALE | NJ | 07645 | 202610773 | 501(C)(3) | $75,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. |
| ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB) | ||||||||||
| 777 S HARBOUR ISLAND BLVD SUITE 750 | TAMPA | FL | 33602 | 436036286 | 501(C)(3) | $69,400 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. |
| FORTE FOUNDATION | ||||||||||
| 9600 ESCARPMENT 745 PMB 72 | AUSTIN | TX | 78749 | 611457145 | 501(C)(3) | $50,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. |
| EXECUTIVE MBA COUNCIL | ||||||||||
| 1800 E HEIM AVE UNIT 47 | ORANGE | CA | 92865 | 943095701 | 501(C)(3) | $20,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. |
| GLOBAL BUSINESS SCHOOL NETWORK (GBSN) | ||||||||||
| 1010 VERMONT AVE NW SUITE 201 | WASHINGTON | DC | 20005 | 200670910 | 501(C)(3) | $8,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FEE WAIVER | GrantTypeTxt |
| Recipient | 198 | RecipientCnt |
| Cash Grant | $54,450 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GMAC MAINTAINS POLICIES, PROCEDURES, CONTRACTS OR SUMMARY TERMS AND RECORDS TO GUIDE CORPORATE CHARITABLE GIVING, INCLUDING GUIDANCE REGARDING ELIGIBILITY AND SELECTION CRITERIA, EXPENDITURE TRACKING AND SUBSTANTIATION OF THE AMOUNT OF GRANTS OR ASSISTANCE. GMAC EMPLOYEES WHO ARE DIRECTLY RESPONSIBLE FOR THE BUDGETED FUNDS FROM WHICH GRANTS ARE MADE ARE RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS BY THE RECIPIENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOY JONES | ||||||||||||||
| CHIEF PRODUCT OFFICER & GENERAL MGR. | $577,182 | $0 | $208,860 | $0 | $38,629 | $0 | $19,800 | $0 | $31,366 | $0 | $875,837 | $0 | $0 | $0 |
| SANGEET CHOWFLA | ||||||||||||||
| FORMER SR ADVISOR TO BOARD | $0 | $0 | $245,863 | $0 | $502,554 | $0 | $0 | $0 | $5,004 | $0 | $753,421 | $0 | $398,155 | $0 |
| ASHISH BHARDWAJ | ||||||||||||||
| SR VP & HEAD, MARKET DEVELOPMENT | $334,968 | $0 | $175,512 | $0 | $38,220 | $0 | $20,216 | $0 | $31,366 | $0 | $600,282 | $0 | $0 | $0 |
| JENNIFER MARTIN | ||||||||||||||
| CFO & HEAD, CORPORATE DEVELOPMENT | $340,526 | $0 | $167,495 | $0 | $15,720 | $0 | $17,538 | $0 | $26,620 | $0 | $567,899 | $0 | $0 | $0 |
| KEVIN LEFEW | ||||||||||||||
| CHIEF TECHNOLOGY OFFICER | $302,021 | $0 | $156,500 | $0 | $42,550 | $0 | $18,980 | $0 | $7,745 | $0 | $527,796 | $0 | $0 | $0 |
| ASHOK SARATHY | ||||||||||||||
| VP, PRODUCT MANAGEMENT OPERATIONS | $289,315 | $0 | $128,834 | $0 | $17,745 | $0 | $17,794 | $0 | $30,487 | $0 | $484,175 | $0 | $0 | $0 |
| ROBIN EVERETT | ||||||||||||||
| VP, LEGAL | $260,008 | $0 | $124,731 | $0 | $40,104 | $0 | $17,656 | $0 | $31,784 | $0 | $474,283 | $0 | $0 | $0 |
| SABRINA WHITE | ||||||||||||||
| VP, SCHOOL & INDUSTRY ENGAGEMENT | $296,363 | $0 | $127,498 | $0 | $18,564 | $0 | $15,186 | $0 | $10,531 | $0 | $468,142 | $0 | $0 | $0 |
| KYUNGTYEK HAN | ||||||||||||||
| SR DIR, PSYCHOMETRICIAN | $222,357 | $0 | $36,930 | $0 | $2,245 | $0 | $13,961 | $0 | $26,620 | $0 | $302,113 | $0 | $0 | $0 |
| ELAINE ALBERS | ||||||||||||||
| SR DIR, PRODUCT MANAGEMENT | $227,622 | $0 | $29,893 | $0 | $2,089 | $0 | $13,674 | $0 | $10,531 | $0 | $283,809 | $0 | $0 | $0 |
| DAVID EELMAN | ||||||||||||||
| SR DIR, GLOBAL CONTROLLER | $230,359 | $0 | $19,843 | $0 | $2,164 | $0 | $13,838 | $0 | $10,531 | $0 | $276,735 | $0 | $0 | $0 |
| MAITE SALAZAR | ||||||||||||||
| CHIEF MARKETING OFFICER (TO 4/24/23) | $80,106 | $0 | $140,088 | $0 | $22,298 | $0 | $4,902 | $0 | $10,207 | $0 | $257,601 | $0 | $0 | $0 |
| ADAM WITWER | ||||||||||||||
| CHIEF PRODUCT OFFICER (FROM 6/19/23) | $171,381 | $0 | $0 | $0 | $360 | $0 | $10,400 | $0 | $8,656 | $0 | $190,797 | $0 | $0 | $0 |
| SARAH BENNETT | ||||||||||||||
| CHIEF MARKETING OFC. (FROM 6/15/23) | $162,341 | $0 | $0 | $0 | $0 | $0 | $9,963 | $0 | $13,901 | $0 | $186,205 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4A: | SEVERANCE PAYMENTS THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS IN 2023. THE AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). MAITE SALAZAR - $2,000 |
| PART I, LINE 7: | NONFIXED PAYMENTS ARE COMPRISED OF BONUSES PAID BASED ON FORMULAIC AND DISCRETIONARY INPUTS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 5 AND FORM 990 PART V, LINE 2 | EMPLOYEE COUNT- GMAC AND AFFILIATES HAVE A GLOBAL WORKFORCE OF 169, OF WHICH 116 ARE GMAC US EMPLOYEES. |
| FORM 990, PART VI, SECTION A, LINE 6 | GRADUATE MANAGEMENT ADMISSION COUNCIL SHALL HAVE ONE (1) CLASS OF VOTING MEMBERS, WHICH SHALL CONSIST OF GRADUATE BUSINESS AND MANAGEMENT SCHOOLS. THE CRITERIA FOR ADMISSION SHALL INCLUDE, AT A MINIMUM, A REQUIREMENT THAT THE PROSPECTIVE MEMBER (1) CAN AWARD DEGREES, AND (2) IS ACCREDITED BY A RELEVANT ACCREDITATION AGENCY OR ALTERNATIVELY PROVIDES EVIDENCE THAT ITS PROGRAMS MEET GENERALLY ACCEPTED STANDARDS OF HIGH QUALITY IN THE FIELD OF MANAGEMENT EDUCATION. THE CRITERIA SHALL ALSO INCLUDE AS A RELEVANT, BUT NOT DISPOSITIVE, QUALITATIVE FACTOR WHETHER THE GRADUATE MANAGEMENT ADMISSION TEST (GMAT) EXAM IS REQUIRED BY THE PROSPECTIVE MEMBER FOR ADMISSION TO ALL PROGRAMS GRANTING A MASTER'S DEGREE IN BUSINESS ADMINISTRATION (MBA) OR ANY EQUIVALENT PROGRAM. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER THAT IS IN GOOD STANDING SHALL BE ENTITLED TO VOTE FOR THE ELECTION OF DEAN AND REPRESENTATIVE DIRECTORS TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THERE IS ONE CLASS OF MEMBERS. DECISIONS THAT REQUIRE THEIR APPROVAL ARE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND REVISIONS TO THE BYLAWS. EACH MEMBER HAS EQUAL VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FINAL DRAFT IS SUBMITTED TO SENIOR MANAGEMENT BEFORE IT IS PROVIDED TO THE AUDIT AND RISK COMMITTEE FOR REVIEW AND APPROVAL. EACH PARTY IS EXPECTED TO THOROUGHLY READ THE FORM 990 IN ITS ENTIRETY AND HAS ACCESS TO THE YEAR-END FINANCIALS TO DO A COMPARATIVE REVIEW AS WELL. FEEDBACK IS PROVIDED TO MANAGEMENT WHETHER OR NOT CHANGES ARE REQUIRED. A FINAL APPROVAL OF THE FORM 990 IS OBTAINED EITHER DURING AN AUDIT AND RISK COMMITTEE MEETING OR A MEETING BY EMAIL PRIOR TO FILING. IN ADDITION, ALL VOTING MEMBERS OF THE BOARD ARE PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR HAS AN ONGOING ANNUAL OBLIGATION TO DISCLOSE POTENTIAL OR ACTUAL CONFLICTS. FOR DIRECTORS, THE BOARD OR ANY COMMITTEE OF THE BOARD AT WHICH A TRANSACTION IS CONSIDERED, IS RESPONSIBLE FOR REVIEWING AND DETERMINING WHETHER A CONFLICT EXISTS. IF A CONFLICT EXISTS, THE DIRECTOR SHALL NOT PARTICIPATE OR BE PRESENT AT THAT PORTION OF THE MEETING OF THE BOARD OR COMMITTEE. IF THE BOARD OR COMMITTEE DETERMINES THAT THE DIRECTOR HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE BOARD OR COMMITTEE WILL TAKE THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE CEO. THE BOARD ANNUALLY REVIEWS AND APPROVES GMAC CORPORATE GOALS AND OBJECTIVES, EVALUATES THE CEO'S PERFORMANCE IN LIGHT OF SUCH GOALS AND OBJECTIVES AND THEN DETERMINES COMPENSATION BASED ON THAT EVALUATION AND IN ACCORDANCE WITH ANY APPLICABLE EMPLOYMENT AGREEMENT. THE BOARD RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IN EVALUATING PERFORMANCE, INCLUDING OBTAINING AN ANNUAL COMPARABILITY ANALYSIS AS APPROPRIATE TO COMPLY WITH THE "REBUTTABLE PRESUMPTION" UNDER THE INTERMEDIATE SANCTION RULES OF IRC SECTION 4958. GMAC RETAINS INDEPENDENT COMPENSATION CONSULTANTS AND REPUTABLE SALARY SURVEY MARKET DATA TO EVALUATE COMPENSATION COMPARABILITY. THIS PROCESS MOST RECENTLY TOOK PLACE IN 2021. |
| FORM 990, PART VI, SECTION C, LINE 19 | GMAC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | FOREIGN TRANSLATION ADJUSTMENT 31,101. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| BUSINESSBECAUSE LIMITED | |||||||||
| 20 RED LION STREET HOLBORN | LONDON | UK | WC1R 4PQ | 830763539 | PUBLISH AND SELL DIGITAL STORIES ABOUT STUDENT LIFE | UK | $34,336 | $567,996 | GMAC UK |
| GRADUATE MANAGEMENT ADMISSION COUNCIL (HONG KONG) LIMITED | |||||||||
| 13 FLOOR 40-44 | BONHAM STRAND SHEUNG WAN | HK | 237084339 | MARKET DEVELOPMENT FOR GMAC WITHIN EAST ASIA AND SOUTHEAST ASIA | HK | $0 | -$82,362 | GMAC | |
| GRADUATE MANAGEMENT ADMISSION COUNCIL (SHANGHAI) MANAGEMENT CONSULTING LTD | |||||||||
| WEWORK 627 HUAIHAI MIDDLE ROAD | SHANGHAI | CH | MARKET DEVELOPMENT FOR GMAC WITHIN EAST ASIA AND SOUTHEAST ASIA | CH | $118,529 | $1,798,301 | GMAC | ||
| GRADUATE MANAGEMENT ADMISSION COUNCIL INDIA PRIVATE LIMITED | |||||||||
| SUITE 405/SUITE 406 | SUNCITY BUSINESS TOWER | IN | 980699911 | MARKET DEVELOPMENT FOR GMAC WITHIN EAST ASIA AND SOUTHEAST ASIA | IN | $367,094 | $4,835,054 | GMAC | |
| GRADUATE MANAGEMENT GLOBAL CONNECTION (INDIA) PRIVATE LIMITED | |||||||||
| SUITE 405/SUITE 407 | SUNCITY BUSINESS TOWER | IN | 981316503 | DELIVER THE NMAT BY GMAC EXAM AND TO MAKE SALES OF ITS PREP PRODUCTS | IN | $853,319 | -$334,613 | GMAC | |
| GRADUATE MANAGEMENT GLOBAL CONNECTION UK LTD | |||||||||
| ST CLEMENTS HOUSE | CLEMENTS LANE LONDON | UK | 980701860 | MARKET DEVELOPMENT FOR GMAC WITHIN EUROPE | UK | $446,649 | $2,886,434 | GMAC | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GMGC INC | ||||||||||||
| 11921 FREEDOM DRIVE SUITE 300 | RESTON | VA | 20190 | 832498530 | SHELL COMPANY THAT OWNS 100% OF THE MBA TOUR, INC. | VA | GMAC | C | $28,487 | $4,071,615 | 1.00000 | Yes (1) |
| THE MBA TOUR INC | ||||||||||||
| 11921 FREEDOM DRIVE SUITE 300 | RESTON | VA | 20190 | 271449888 | HOSTING GLOBAL EVENTS TO CONNECT SCHOOLS AND PROSPECTIVE STUDENTS TOGETHER. | MA | GMGC INC | C | -$1,278,992 | $1,165,532 | 1.00000 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| GMGC INC - NET ASSET TRANSFER | ||
| S | $4,071,615 | NET ASSET VALUE |
| MBA TOUR - NET ASSET TRANSFER | ||
| S | -$134,208 | NET ASSET VALUE |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, GRADUATE MANAGEMENT ADMISSION COUNCIL (HONG KONG) | GRADUATE MANAGEMENT ADMISSION COUNCIL (HONG KONG) LIMITED WAS DISSOLVED EFFECTIVE NOVEMBER 3, 2023. |
| PART IV, GMGC, INC. AND THE MBA TOUR, INC. | ON DECEMBER 31, 2023, GRADUATE MANAGEMENT ADMISSION COUNCIL ACQUIRED THE ASSETS OF GMGC INC. AND THE MBA TOUR INC. AND SUBSEQUENTLY DISSOLVED THESE ENTITIES. |
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