2023-04-03T14:04:07-05:00 2022-06-30 946214841 ARMANINO LLP 6 CITYPLACE DRIVE SUITE 900 ST LOUIS MO 63141 990 2021-07-01 430962198 CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT CONS 6366815553 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 PETER J ARANDA III EXECUTIVE DIRECTOR & CEO 6366815553 2023-03-29 1 PETER ARANDA III 999009999 JENNIFER M VACHA P01251998 3149831200 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PETER J ARANDA III 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 57273110 0 X WWW.CGSM.ORG X 1971 MO ENHANCE DIVERSITY IN BUSINESS EDUCATION AND LEADERSHIP 27 26 23 37 0 0 1247745 1236383 48966427 55890015 71031 145963 465 0 50285668 57272361 0 0 0 0 2140863 2083279 0 0 495598 47060462 54105332 49201325 56188611 1084343 1083750 8379089 9583885 1739066 2206307 6640023 7377578 X THE CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT IS A CONTINUALLY GROWING AND EVOLVING ALLIANCE OF SOME OF THE WORLD'S LEADING GRADUATE BUSINESS SCHOOLS AND BUSINESS ORGANIZATIONS, SUPPORTED BY THE STRENGTH OF OUR EXTENDED NETWORK OF STUDENTS AND ALUMNI.(SEE SCHEDULE O) 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 54944211 55890015 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 2021 THE 2021/2022 CLASSES WERE PROVIDED $52.3 MILLION OF SUPPORT. 54944211 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 X X THE ORGANIZATION 6366815553 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 VALLABH SAMBAMURTHY BOARD CHAIRMAN 2.00 X X 0 0 0 BLAIR SANFORD BOARD VICE CHAIRMAN 3.00 X X 0 0 0 PETER ARANDA EXECUTIVE DIRECTOR & CEO 50.00 X X 355986 0 65272 ELIDA BAUTISTA TRUSTEE 1.00 X 0 0 0 LINA BELL TRUSTEE 3.00 X 0 0 0 KAVITHA BINDRA TRUSTEE 2.00 X 0 0 0 CRYSTA BOLTON TRUSTEE 2.00 X 0 0 0 BETH BRIGGS TRUSTEE 2.00 X 0 0 0 COREY DORTCH TRUSTEE 2.00 X 0 0 0 JIM HOLMEN TRUSTEE 3.00 X 0 0 0 CHRISTE JULIEN TRUSTEE 2.00 X 0 0 0 DOROTHY KITTNER TRUSTEE 3.00 X 0 0 0 ALEX LAWRENCE TRUSTEE 3.00 X 0 0 0 REBEKAH LEWIN TRUSTEE 3.00 X 0 0 0 PRASHANT MALAVIYA TRUSTEE 2.00 X 0 0 0 RODRIGO MALTA TRUSTEE 3.00 X 0 0 0 COLLEEN MCMULLEN TRUSTEE 2.00 X 0 0 0 AMY MITSON TRUSTEE 3.00 X 0 0 0 MICHAEL ROBINSON TRUSTEE 3.00 X 0 0 0 TAMMY SAMUELS TRUSTEE 2.00 X 0 0 0 NAOMI SANCHEZ TRUSTEE 2.00 X 0 0 0 CYNTHIA SAUNDERS-CHEATHAM TRUSTEE 2.00 X 0 0 0 COURTNEY SCHROEDER TRUSTEE 3.00 X 0 0 0 KELLEE SCOTT TRUSTEE 3.00 X 0 0 0 APRIL TAYLOR TRUSTEE 2.00 X 0 0 0 CRYSTAL WHITE TRUSTEE 1.00 X 0 0 0 DAVID WOOTEN TRUSTEE 2.00 X 0 0 0 MAHENDRA GUPTA TREASURER 2.00 X 0 0 0 KIMBERLY ALEXANDER VP OF DEVELOPMENT 37.50 X 167166 0 41083 JANICE WELLS-WHITE VP OF PROGRAM ADMIN 37.50 X 172393 0 41066 GLENN WILEN VP OF FINANCE & ADMIN 37.50 X 158547 0 45456 854092 0 192877 4 0 1 0 LIAISON INTERNATIONAL 311 ARSENAL STREET WATERTOWN MA 02472 STUDENT APPLICATION SOFTWARE 180225 1 266262 970121 749 1236383 TUITION REMISSIONS 611710 52309382 52309382 NEW SCHOOLS/CORP PA 611710 2537787 2537787 ORIENTATION PROGRAM RE 900099 830686 830686 APPLICATION FEES 611710 212160 212160 55890015 145963 145963 749 749 0 0 57272361 55890015 0 145963 1058467 464713 366937 226817 755243 486657 129745 138841 51542 42590 8952 116704 72101 22082 22521 101323 54476 26534 20313 23190 23190 276398 235660 40738 144388 135883 8080 425 255102 147932 61917 45253 8209 8209 70684 38004 18511 14169 836838 822905 4354 9579 18274 18274 43538 23408 11402 8728 8579 8579 TUITION/FEES/STIPENDS 52419882 52419882 BAD DEBT EXPENSE 250 250 56188611 54944211 748802 495598 X 3935463 4686254 12618 12309 700164 1319414 82375 166600 2175714 1003860 1183442 1171854 2465027 2227454 8379089 9583885 898548 1682962 525 525 573731 522820 266262 1739066 2206307 X 4793209 5739721 1846814 1637857 6640023 7377578 8379089 9583885 1083750 -346195 0 X 0 1 X 1 0 X 1442170 1223669 820414 1247745 1236383 5970381 1442170 1223669 820414 1247745 1236383 5970381 1108903 4861478 50250 85467 64266 71031 145963 416977 6469 13269 7785 465 27988 6415346 231657411 0.75780 0.74800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: 50TH ANNIVERSARY BOOK - 2017 AMOUNT: $ 50. OTHER - 2017 AMOUNT: $ 1,419. 2018 AMOUNT: $ 13,269. 2019 AMOUNT: $ 7,785. 2020 AMOUNT: $ 465. REBATES - 2017 AMOUNT: $ 5,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1846814 101775 -200232 110500 1637857 1430086 105130 356598 45000 1846814 1351794 68041 63251 53000 1430086 1247212 90261 63321 49000 1351794 920652 262410 87150 23000 1247212 0.00000 1.00000 0.00000 0 0 223896 223896 1185992 274767 911225 765826 729093 36733 1171854 X 56945757 -346195 19591 -326604 57272361 0 57272361 56208202 19591 19591 56188611 0 56188611 PART V, LINE 4: INCOME GENERATED BY THE ENDOWMENT FUND IS USED FOR STIPENDS TO CONSORTIUM STUDENTS. PART X, LINE 2: THE CONSORTIUM CONSTITUTES A QUALIFIED NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, EXEMPT FROM FEDERAL INCOME TAXES. THE CONSORTIUM HAS ADDRESSED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR INCOME TAXES. IN THAT REGARD, THE CONSORTIUM HAS EVALUATED ITS TAX POSITIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY, AT THIS TIME, TO COVER ANY UNCERTAIN TAX POSITIONS. X 0 1 X X X 0 0 0 0 0 0 0 0 0 PETER ARANDA EXECUTIVE DIRECTOR & CEO 355986 0 0 0 0 0 51175 0 14097 0 421258 0 0 0 JANICE WELLS-WHITE VP OF PROGRAM ADMIN 167393 0 5000 0 0 0 33810 0 7256 0 213459 0 0 0 KIMBERLY ALEXANDER VP OF DEVELOPMENT 162166 0 5000 0 0 0 29656 0 11427 0 208249 0 0 0 GLENN WILEN VP OF FINANCE & ADMIN 153547 0 5000 0 0 0 32631 0 12825 0 204003 0 0 0 PART I, LINE 1A THE CONSORTIUM MAINTAINED A MEMBERSHIP IN THE CEO'S NAME AT A SOCIAL CLUB, WHICH WAS AVAILABLE FOR BUSINESS AND PERSONAL USE. ANY PERSONAL USE IS NOT ELIGIBLE FOR REIMBURSEMENT. PART I, LINE 1B OVERALL, THE COMPENSATION POLICY IS REVIEWED PERIODICALLY BY THE COMPENSATION COMMITTEE AND INCLUDES ASSESSMENTS OF COMPENSATION AT PEER GROUP ORGANIZATIONS AND THE NEED TO ATTRACT AND RETAIN PERSONNEL THAT WILL ENABLE THE CONSORTIUM TO ATTAIN THE STRATEGIC OBJECTIVES SET FORTH BY THE BOARD OF TRUSTEES. JORDAN LEMUS-ARANDA CHILD OF EXECUTIVE DIRECTOR & CEO PETER ARANDA 49399 TUITION ASSISTANCE DEPENDENT TUITION EMPLOYEE BENEFIT FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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 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, COMMITTEE 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 EXISTS, HE OR SHE MAY ASK THE EXECUTIVE DIRECTOR & CEO TO MAKE A DETERMINATION. IF THE STAFF MEMBER DISAGREES WITH THE DETERMINATION, 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 EXISTS, HE OR SHE MAY ASK THE BOARD TO MAKE A DETERMINATION. THE BOARD SHALL RESOLVE THE QUESTION BY MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR & CEO AND VICE PRESIDENTS INCLUDES A REVIEW AND APPROVAL BY AN EXECUTIVE COMMITTEE OF THE BOARD (COMPENSATION COMMITTEE), COMPARABILITY DATA, 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 APPROVED BY THE BOARD OF TRUSTEES AND ALLOCATED BASED ON THE ANNUAL PERFORMANCE REVIEW PROCESS. THE SALARY RANGES FOR VICE PRESIDENTS IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE (A SUBSET OF THE BOARD OF TRUSTEES) AND APPROVED BY THE BOARD OF TRUSTEES, A PROCESS THAT INCLUDED BENCHMARKING SALARIES AT THEIR OWN INSTITUTIONS. THE SALARY RANGES WERE DESIGNED TO ATTRACT THE CALIBER OF TALENT THE EXECUTIVE COMMITTEE DEEMED NECESSARY FOR CONSORTIUM TO ACCOMPLISH ITS STRATEGIC OBJECTIVES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT AND THE COMPLETE AUDITOR'S REPORT IS POSTED ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.