2025-05-15T11:32:47-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2023-07-01 430962198 CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT CONS 6366815553 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 PETER J ARANDA III EXECUTIVE DIRECTOR & CEO 6366815553 2025-05-15 1 1 SARAH HINTZ P00492291 3037795710 2025-05-06 2023 2025-03-06 01:10:19Z PETER J ARANDA III 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 57980290 0 X WWW.CGSM.ORG X 1971 MO ENHANCE DIVERSITY AND INCLUSION IN GLOBAL BUSINESS EDUCATION AND LEADERSHIP. 28 27 20 48 0 0 820774 462030 58246946 57140504 99149 330457 0 47299 59166869 57980290 0 55372734 0 0 2173110 2352342 0 0 475982 57074785 1420628 59247895 59145704 -81026 -1165414 9516411 8430747 2159347 2239097 7357064 6191650 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 57840596 55372734 57140504 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 23 TOP-TIER UNIVERSITIES AND APPROXIMATELY 1100 STUDENTS ANNUALLY ARE ELIGIBLE FOR FULL FELLOWSHIPS OR OTHER GIFT AID. IN FY2024, THE 2023/2024 CLASSES WERE PROVIDED $58.0 MILLION IN SUPPORT. 57840596 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 X X GLEN WILEN VP OF FINANCE & ADMINISTRATION 6366815553 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 PETER J ARANDA III EXECUTIVE DIRECTOR & CEO 37.50 X X 330128 0 83582 DOROTHY KITTNER BOARD CHAIR 4.00 X X 0 0 0 CYNTHIA SAUNDERS-CHEATHAM CHAIR ELECT 4.00 X X 0 0 0 MICHELLE AITALA TRUSTEE 2.00 X 0 0 0 ELIDA BATISTA TRUSTEE 2.00 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 2.00 X 0 0 0 RASHID FARRELL TRUSTEE 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 NORMAN JONES TRUSTEE 1.00 X 0 0 0 RUBY JONES TRUSTEE 1.00 X 0 0 0 ALEX LAWRENCE TRUSTEE 3.00 X 0 0 0 REBEKAH LEWIN 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 NOEMI MORILLO-VASQUEZ TRUSTEE 2.00 X 0 0 0 MARVELL NESMITH TRUSTEE 2.00 X 0 0 0 MICHAEL ROBINSON TRUSTEE 3.00 X 0 0 0 BRIAN RUGGIERO TRUSTEE 2.00 X 0 0 0 BLAIR SANFORD TRUSTEE 2.00 X 0 0 0 COURTNEY SCHROEDER TRUSTEE 2.00 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 37.50 X 192698 0 55877 KIMBERLY ALEXANDER VP OF DEVELOPMENT 37.50 X 176632 0 57509 GLENN WILEN VP OF FINANCE & ADMINISTRATION 37.50 X 164087 0 64910 863545 0 261878 4 0 1 0 0 462030 462030 TUITION REMISSIONS 611710 55320734 55320734 NEW SCHOOLS/CORP PA 611710 1528500 1528500 APPLICATION FEES 611710 280520 280520 ORIENTATION PROGRAM RE 611710 10750 10750 57140504 75746 75746 254711 0 254711 254711 254711 MISCELLANEOUS INCOME 900099 47299 47299 47299 57980290 57140504 0 377756 55372734 55372734 1159135 523585 401161 234389 847492 597482 122886 127124 58442 41202 8474 8766 176012 123898 25483 26631 111261 62851 28853 19557 34255 34255 409577 372110 37467 208563 190699 13839 4025 213750 119065 59927 34758 7562 7562 40300 22804 10360 7136 433585 389308 38459 5818 14087 14087 43929 24858 11293 7778 10770 10770 BAD DEBT 4250 4250 59145704 57840596 829126 475982 4828686 1901536 53609 794175 169000 131005 194372 2205581 1091754 1157756 1113827 2551180 5052012 9516411 8430747 1602524 1639078 86639 184214 470184 415805 2159347 2239097 X 5524421 4514795 1832643 1676855 7357064 6191650 9516411 8430747 -1165414 0 X 0 0 0 X 820414 1247745 1236383 820744 462030 4587316 820414 1247745 1236383 820744 462030 4587316 524600 4062716 64266 71031 145963 99149 75746 456155 7785 465 47299 55549 5099020 0.79680 0.77660 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 7,785. 2020 AMOUNT: $ 465. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 47,299. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1832643 100000 209550 33000 2109193 1637857 100625 166161 72000 1832643 1846814 101775 -200232 110500 1637857 1430086 105130 359598 45000 1846814 1351794 68041 63251 53000 1430086 0.00000 1.00000 0.00000 0 0 223896 223896 1215859 340015 875844 765826 751739 14087 1113827 PART V, LINE 4: INCOME GENERATED BY THE ENDOWMENT FUND IS USE FOR STIPENDS TO CONSORTIUM STUDENTS. 1 FELLOWSHIPS, SCHOLARSHIPS, AND TUITION REMISSIONS 937 55320734 0 N/A N/A WALLACE L. JONES FELLOWSHIP 19 19000 0 N/A N/A LESLIE ELISE ADKINS SCHOLARSHIP 8 33000 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. X 1 1 X X X 0 0 0 0 0 0 0 0 0 PETER J ARANDA III EXECUTIVE DIRECTOR & CEO 330128 0 0 0 0 0 53475 0 30107 0 413710 0 0 0 JANICE WELLS-WHITE CHIEF OPERATING OFFICER 192698 0 0 0 0 0 40249 0 15628 0 248575 0 0 0 KIMBERLY ALEXANDER VP OF DEVELOPMENT 176632 0 0 0 0 0 37595 0 19914 0 234141 0 0 0 GLENN WILEN VP OF FINANCE & ADMINISTRATION 164087 0 0 0 0 0 35657 0 29253 0 228997 0 0 0 PART I, LINE 1A THE ORGANIZATION 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. THE FMV OF THIS BENEFIT IS NOT INCLUDED IN TAXABLE COMPENSATION. ISAAC BIERMAN CHILD OF GENERAL COUNSEL JON BIERMAN 20377 TUITION ASSISTANCE DEPENDENT TUITION EMPLOYEE BENEFIT JORDAN LEMUS-ARAND CHILD OF CEO PETER ARANDA 49416 TUITION ASSISTANCE DEPENDENT TUITION EMPLOYEE BENEFIT FORM 990, PART VI, SECTION A, LINE 8B THE ORGNAIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORIZATION 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 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 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR & CEO AND VICE PRESIDENTS INCLUDES A REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD , COMPARABILITY DATA, CONSORTIUM'S PERFORMANCE, THE ECONOMY AND INFLATION. ONGOING SALARY ADJUSTMENTS ARE ARRIVED AT BY ESTABLISHING AN OVERALL INCREASE POOL BASED ON MULTIPLE FACORS. THE OVERALL POOL IS APPOVED BY THE BOARD OF TRUSTEES AND ALLOCATED BASED ON THE ANNUAL PERFORMANCE REVIEW PROCESS. THE SALARY RANGES FOR THE VICE PRESIDENTS ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITEE (A SUBSET OF THE BOARD OF TRUSTEES) AND APPROVED BY THE BOARD OF TRUSTEES, A PROCESS THAT INCLUDES BENCHMARKING SALARIES AT THEIR OWN INSTITUTIONS, THE SALARY RANGES WERE DESIGNED TO ATTRACT THE CALIBER OF TALENT THE EXECUTIVE COMMITTEE DEEMED NECESSARY FOR THE CONSORTIUM TO ACCOMPLISH ITS STRATEGIC OBJECTIVES. THIS PROCESS LAST TOOK PLACE IN 2016. 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.