2020-11-16T11:13:46-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2019-01-01 237084339 GRADUATE MANAGEMENT ADMISSION COUNCIL GRAD 7036689600 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 BEKI BAHAR-ENGLER CHIEF ADMINISTRATIVE OFFICER 7036689600 2020-11-16 1 KAREN GRIES P00078514 5712279500 2020-11-16 65.128.131.191 2020-11-16 09:49:13 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AA1DCBC5EA6CA51D55B9304D21ACC821D9D41489 2019 2021-01-29 14:40:06Z SANGEET CHOWFLA 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 144379644 0 X WWW.GMAC.COM X 1970 VA GMAC BELIEVES THAT BUSINESS AND MANAGEMENT ARE CRITICAL TO THE ECONOMIC AND SOCIAL WELL-BEING OF PEOPLE WORLDWIDE. WE PROVIDE INFORMATION AND INSIGHTS TO IMPROVE DECISION MAKING ABOUT THE DISCOVERY AND EVALUATION OF TALENT. AT GMAC, WE DO THIS TO CONTRIBUTE TO THE EFFECTIVE USE OF HUMAN, NATURAL, AND FINANCIAL RESOURCES THROUGHOUT THE WORLD. 16 15 149 15 339179 148683 0 0 89927147 89754208 6788237 5562015 243736 69336 96959120 95385559 818873 482543 0 0 27161068 30045872 0 0 0 67393839 70605519 95373780 101133934 1585340 -5748375 191024106 203899196 26694064 29005139 164330042 174894057 X OUR MISSION IS TO PROVIDE THE SOLUTIONS NECESSARY FOR SCHOOLS AND CANDIDATES TO DISCOVER AND EVALUATE EACH OTHER SO THAT TALENT NEVER GOES UNDISCOVERED. WE BELIEVE THE VALUES OF COURAGE, CREATIVITY, LISTENING, COLLABORATION AND INTEGRITY, BUILD LASTING CONNECTIONS WITHIN OUR ORGANIZATION AND THE EDUCATION COMMUNITY, BOTH TODAY AND FOR THE FUTURE. 1 0 34454079 74235018 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 7,100 GRADUATE BUSINESS PROGRAMS AND 2,400 SCHOOLS GLOBALLY. THE GMAT EXAM HAS BEEN TRUSTED BY SCHOOLS FOR OVER 65 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. 1316390 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. 35983261 482543 15249347 OTHER EDUCATIONAL SERVICES FOR SCHOOLS AND GME CANDIDATES 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. 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. 71753730 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 101 0 149 1 1 1 1 UK HK IN CH 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X BEKI BAHAR-ENGLER 7036689600 11921 FREEDOM DRIVE SUITE 300 RESTON VA 20190 SANGEET CHOWFLA PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00 X X 789333 0 45336 SAMUEL REIMER PARTIAL YEAR CHIEF FINANCIAL OFFICER 40.00 X 744916 0 55377 SHERRI SAMPSON PARTIAL YEAR CHIEF HR OFFICER, GENERAL COUNSEL AND SECRETARY 40.00 X 571775 0 32680 JOY JACKSON JONES CHIEF PRODUCT OFFICER AND GENERAL MANAGER, ASSESSM 40.00 X 502552 0 53169 BETTY SU SVP & GENERAL MANAGER, GMAC CONNEC 40.00 X 388736 0 41550 ASHOK SARATHY VP, PRODUCT MANAGEMENT 40.00 X 340163 0 51334 ASHISH BHARDWAJ SVP MARKET DEVELOPMENT 40.00 X 314300 0 65451 SABRINA WHITE VP, SCHOOL & INDUSTRY ENGAGEMENT 40.00 X 343835 0 32042 JENNIFER MARTIN CHIEF OF STAFF 40.00 X 308772 0 50736 VIBHA MILLER VP, HUMAN RESOURCES 40.00 X 297869 0 50628 ROBIN EVERETT VP, LEGAL 40.00 X 290518 0 52317 KEVIN LEFEW CHIEF TECHNOLOGY OFFICER 40.00 X 283717 0 52871 MAITE SALAZER CHIEF MARKETING OFFICER 40.00 X 232733 0 42544 ELIZABETH BOOK DIR, CORPORATE COUNSEL CONTRACTS 40.00 X 228690 0 44345 BEKI BAHAR-ENGLER PARTIAL YEAR CHIEF ADMINISTRATIVE OFFICER 40.00 X 70180 0 5355 WILLIAM BOULDING CHAIR 1.00 X X 0 0 0 MARTIN BOEHM DIRECTOR 1.00 X 0 0 0 ERIKA JAMES DIRECTOR 1.00 X 0 0 0 XIONGWEN LU DIRECTOR 1.00 X 0 0 0 DONNA RAPACCIOLI DIRECTOR 1.00 X 0 0 0 PETER TUFANO DIRECTOR 1.00 X 0 0 0 SRI ZAHEER DIRECTOR 1.00 X 0 0 0 LEILA GUERRA DIRECTOR 1.00 X 0 0 0 ERIC HIRST DIRECTOR 1.00 X 0 0 0 PETER JOHNSON DIRECTOR 1.00 X 0 0 0 THEMIN SUWARDY DIRECTOR 1.00 X 0 0 0 THOMAS BUIOCCHI DIRECTOR 1.00 X 0 0 0 JON ERICKSON DIRECTOR 1.00 X 0 0 0 ELLEN J GLAZERMAN DIRECTOR 1.00 X 0 0 0 SANJIV KAPUR DIRECTOR 1.00 X 0 0 0 STEPHANIE VILLEMAGNE DIRECTOR 1.00 X 0 0 0 5708089 0 675735 82 0 1 0 MINDSTREAM MEDIA LLC 100 WALNUT STREET SUITE 112 PEORIA IL 61602 DIGITAL MEDIA CAMPAIGNS 1950725 GOLD N FISH MARKETING GROUP LLC 53 OLD ROUTE 22 ARMONK NY 10504 DEVELOP CAMPUS AMBASSADOR PROGRAM 521871 ERNST & YOUNG US LLP 200 PLAZA DRIVE SECAUCUS NJ 07094 GLOBAL ADVISORY SERVICES 500000 PERKINS COIE LLP 1201 THIRD AVENUE SUITE 4900 SEATTLE WA 98101 LEGAL SERVICES 457827 AQUENT LLC 711 BOYLSTON STREET BOSTON MA 02116 STAFFING AGENCY 318537 15 TEST OPERATIONS 900099 74235018 74235018 SCHOOL/STUDENT PRODUCT 900099 8956695 8956695 PROFESSIONAL DEVELOPME 900099 5327117 5327117 MEDIA PRODUCTS 900099 1235378 896199 339179 89754208 3363163 3363163 51120337 48921485 2198852 2198852 2198852 141936 72600 69336 69336 95385559 89484365 339179 5562015 234632 234632 70056 70056 177855 177855 4684072 1475720 3208352 19905785 14123022 5782763 1480189 999969 480220 2548824 1666868 881956 1427002 912076 514926 776797 61333 715464 879822 879822 455401 455401 6496259 4040208 2456051 4322188 4317372 4816 1381777 500816 880961 6791165 927453 5863712 2352521 584330 1768191 2808223 2055176 753047 2289242 1933974 355268 1209504 1209504 250849 250849 TEST OPERATIONS 31627887 31627887 TEST DEVELOPMENT 3196636 3196636 MEDIA/STUDENT RECRUITME 2427711 2427711 STAFF TRAINING 508429 328286 180143 2831108 92350 2738758 101133934 71753730 29380204 0 31197215 29176257 2275582 3044301 56539 12275 2200021 2394875 15307570 11282262 4364184 4025308 115712882 128179136 8002589 8331096 1175496 5675168 26039598 23060780 191024106 203899196 15585145 16950308 5928169 7252712 5180750 4802119 26694064 29005139 X 164330042 174894057 164330042 174894057 191024106 203899196 X -5748375 17751373 -1579174 140191 X 0 1 X 1 0 X 93180270 94006594 91289062 90287591 89556966 458320483 93180270 94006594 91289062 90287591 89556966 458320483 0 0 0 458320483 2214086 2217977 2732876 3324655 3363163 13852757 2214086 2217977 2732876 3324655 3363163 13852757 177746 177746 6724 390 7114 95401080 96224961 94021938 93612246 93097875 472358100 0.97030 0.97360 0.02930 0.02630 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2015 AMOUNT: $ 6,724. 2016 AMOUNT: $ 390. 1000000 1000000 1500000 3296 3296 250000 250000 375000 7885898 4274210 3611688 4445661 4154264 291397 2976011 2853788 122223 4025308 CAPITALIZED TEST ITEMS 22841003 DEFERRED COMPENSATION PLAN 219777 23060780 DEFERRED LEASE ABATEMENT 4584577 DEFERRED COMP. LIABILITY 217542 4802119 X PART X, LINE 2: THE COUNCIL IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COUNCIL IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE IRC. THE COUNCIL IS REQUIRED TO REPORT UNRELATED BUSINESS INCOME TO THE IRS. 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. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, LOCAL, AND FOREIGN AUTHORITIES. 1 EUROPE 6 1 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE 2352722 EUROPE 12 1 PROGRAM SERVICES ONLINE PUBLISHER OF BUSINESS SCHOOLS NEWS, APPLICANT ADVICE AND CAREER INSPIRATIONS. 1341525 EAST ASIA & THE PACIFIC 3 1 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE 2223569 SOUTH ASIA 6 1 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE 1927937 SOUTH ASIA 9 1 PROGRAM SERVICES SELL NMAT AND RELATED TEST PREP RPDOUCTS, AND FACILITATE INFORMATION EXCHANGE. 3949425 EAST ASIA & THE PACIFIC 2 1 PROGRAM SERVICES MANAGEMENT OF APAC OFFICES AND MARKET DEVELOPMENT IN APAC 123836 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATIONS) CONFERENCE SPONSORSHIP AND MEMBERSHIP 2019 7500 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATIONS) GLOBAL PARTNERSHIPS 150842 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 97 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 1654 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 4140 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 2627 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 2043 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 292 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 1362 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 2043 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 5254 38 6 0 0 38 6 12077356 19512 12096868 NORTH AMERICA CONFERENCE SPONSORSHIP AND MEMBERSHIP 2019 7500 WIRE N/A EUROPE GLOBAL PARTNERSHIP 28179 WIRE N/A EUROPE GLOBAL PARTNERSHIP 122663 WIRE N/A 3 0 FEE WAIVER CENTRAL AMERICA AND CARIBBEAN 1 97 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G FEE WAIVER FMV FEE WAIVER EAST ASIA AND THE PACIFIC 17 1654 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G FEE WAIVER FMV FEE WAIVER EUROPE 39 4140 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G FEE WAIVER FMV FEE WAIVER MIDDLE EAST & NORTH AFRICA 27 2627 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G FEE WAIVER FMV FEE WAIVER NORTH AMERICA (EXCLUDES USA) 21 2043 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G FEE WAIVER FMV FEE WAIVER RUSSIA AND NEIGHBORING STATES 3 292 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G FEE WAIVER FMV FEE WAIVER SOUTH AMERICA 14 1362 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G FEE WAIVER FMV FEE WAIVER SOUTH ASIA 21 2043 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G FEE WAIVER FMV FEE WAIVER SUB-SAHARAN AFRICA 54 5254 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G FEE WAIVER FMV 0 0 0 0 0 0 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 III ACCOUNTING METHOD: 1 MBA JUMPSTART LLC 8637 FAWN LAKE CIRCLE INDIANAPOLIS IN 46278 201116060 5000 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. NATIONAL COUNCIL ON MEASUREMENT IN EDUCATION 19 MANTUA ROAD MOUNT ROYAL NJ 08061 237381395 501(C)(3) 6000 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. NATIONAL COUNCIL ON MEASUREMENT IN EDUCATION 19 MANTUA ROAD MOUNT ROYAL NJ 08061 237381395 501(C)(3) 6000 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. AACSB INTERNATIONAL THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINE 777 S HARBOUR ISLAND BLVD NO 750 TAMPA FL 33602 436036286 501(C)(3) 30999 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. AACSB INTERNATIONAL THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINE 777 S HARBOUR ISLAND BLVD NO 750 TAMPA FL 33602 436036286 501(C)(3) 7168 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. AACSB INTERNATIONAL THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINE 777 S HARBOUR ISLAND BLVD NO 750 TAMPA FL 33602 436036286 501(C)(3) 41575 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. MAKINETWORK LLC PO BOX 223 GEORGE MILLS NH 03751 464273512 5000 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. FORTE FOUNDATION 9600 ESCARPMENT 745 NO PMB72 AUSTIN TX 78749 611457145 501(C)(3) 50000 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. THE NATIONAL HBCU BUSINESS DEANS ROUNDTABLE 504 COLLEGE DRIVE ALBANY GA 31705 721491905 501(C)(3) 5000 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. THE NATIONAL HBCU BUSINESS DEANS ROUNDTABLE 504 COLLEGE DRIVE ALBANY GA 31705 721491905 501(C)(3) 7500 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. 8 2 FEE WAIVER 720 70056 FMV FEE WAIVERS 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. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 SANGEET CHOWFLA PRESIDENT & CHIEF EXECUTIVE OFFICER 553083 0 236250 0 0 0 28000 0 17336 0 834669 0 0 0 SAMUEL REIMER PARTIAL YEAR CHIEF FINANCIAL OFFICER 329614 0 123119 0 292183 0 28000 0 27377 0 800293 0 0 0 SHERRI SAMPSON PARTIAL YEAR CHIEF HR OFFICER, GENERAL COUNSEL AN 91446 0 113105 0 367224 0 6498 0 26182 0 604455 0 0 0 JOY JACKSON JONES CHIEF PRODUCT OFFICER AND GENERAL MA 372261 0 130291 0 0 0 28000 0 25169 0 555721 0 0 0 BETTY SU SVP & GENERAL MANAGER, GMAC CONNEC 283012 0 105724 0 0 0 28000 0 13550 0 430286 0 0 0 ASHOK SARATHY VP, PRODUCT MANAGEMENT 261220 0 78943 0 0 0 26165 0 25169 0 391497 0 0 0 ASHISH BHARDWAJ SVP MARKET DEVELOPMENT 234879 0 79421 0 0 0 0 0 65451 0 379751 0 0 0 SABRINA WHITE VP, SCHOOL & INDUSTRY ENGAGEMENT 260236 0 83275 0 324 0 23892 0 8150 0 375877 0 0 0 JENNIFER MARTIN CHIEF OF STAFF 237208 0 71564 0 0 0 23198 0 27538 0 359508 0 0 0 VIBHA MILLER VP, HUMAN RESOURCES 229046 0 68823 0 0 0 23090 0 27538 0 348497 0 0 0 ROBIN EVERETT VP, LEGAL 242190 0 48328 0 0 0 24779 0 27538 0 342835 0 0 0 KEVIN LEFEW CHIEF TECHNOLOGY OFFICER 266483 0 17234 0 0 0 26821 0 26050 0 336588 0 0 0 MAITE SALAZER CHIEF MARKETING OFFICER 178139 0 0 0 54594 0 17439 0 25105 0 275277 0 0 0 ELIZABETH BOOK DIR, CORPORATE COUNSEL CONTRACTS 199048 0 29642 0 0 0 19197 0 25148 0 273035 0 0 0 PART I, LINE 1A -ACCORDING TO GMAC TRAVEL POLICY FOR VICE PRESIDENTS AND ABOVE, GMAC WILL REIMBURSE FOR COACH-CLASS AIR TRAVEL FOR ONE-WAY FLIGHTS LESS THAN 2.5 HOURS IN DURATION. IF THE FLIGHT IS 2.5 HOURS OR LONGER, GMAC WILL COVER THE COST OF THE NEXT TICKET CLASS. FIRST CLASS TRAVEL IS ALLOWED FOR THE CEO. THE AMOUNT OF FIRST-CLASS TRAVEL ARE NOT INCLUDED IN THE TAXABLE INCOME OF THE INDIVIDUALS SINCE THE TRAVEL IS BUSINESS RELATED. FOR THE YEAR 2019, SANGEET CHOWFLA, PRESIDENT, RECEIVED $4,437 FOR FIRST CLASS OR CHARTER TRAVEL. PART I, LINE 4A SHERRI SAMPSON, CHIEF HR OFFICER, GENERAL COUNSEL AND SECRETARY, RECEIVED SEVERANCE PAYMENT OF $367,224. SAMUEL REIMER, CHIEF FINANCIAL OFFICER, RECEIVED SEVERANCE PAYAMENT OF $275,418. FORM 990, PART III, LINE 2 GMAC THROUGH GMGC INC., A WHOLLY OWNED SUBSIDIARY PURCHASED THE MBA TOUR BASED IN MASSACHUSETTS. THE MBA TOUR, INC. ENGAGES WITH INSTITUTIONS AND PROSPECTIVE STUDENTS WHERE ITS PARTNER SCHOOLS CAN CONNECT WITH HIGHLY QUALIFIED CANDIDATES. THE MBA TOUR, INC. HOSTS MORE THAN 60 BUSINESS EDUCATION EVENTS EACH YEAR ACROSS 6 CONTINENTS AND CONNECTS CANDIDATES WITH BUSINESS SCHOOLS FROM NORTH AMERICA, EUROPE, ASIA, AUSTRALIA, SOUTH AMERICA, AND AFRICA. 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 & RISK COMMITTEE FOR REVIEW AND APPROVAL. EACH PARTY IS EXPECTED TO THOROUGHLY READ THE 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 & RISK COMMITTEE MEETING OR A MEETING BY EMAIL 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 15 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE CEO. THE COMPENSATION COMMITTEE 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 COMMITTEE 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. THE CEO IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF TOP MANAGEMENT. GMAC RETAINS INDEPENDENT COMPENSATION CONSULTANTS AND REPUTABLE SALARY SURVEY MARKET DATA TO EVALUATE COMPENSATION COMPARABILITY. THIS PROCESS RECENTLY TOOK PLACE IN 2019. THE COMPENSATION COMMITTEE AND THE CEO ANNUALLY REVIEW THE COMPENSATION DATA FOR ALL OFFICERS. TYPICALLY, EVERY THREE YEARS A COMPENSATION ANALYSIS IS CONDUCTED FOR ALL EMPLOYEES. A COMPREHENSIVE ANALYSIS WAS COMPLETED IN 2017. WE DO CONDUCT VARIOUS ANALYSES UPON REQUEST. THE CEO AND CHIEF HR OFFICER REVIEW THE DATA AND DETERMINE APPROPRIATE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GMAC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE GENERALLY INCLUDED IN THE ANNUAL REPORT. FORM 990, PART XI, LINE 9: STRATEGIC GIVING / GRANTS EXPENSES REVERSAL 140,191. FORM 990, PART XI, LINE 8 GRADUATE MANAGEMENT ADMISSION COUNCIL ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION NO. 606, REVENUE RECOGNITION FROM CONTRACTS WITH CUSTOMERS, DURING THE YEAR ENDED DECEMBER 31, 2019. ACCORDINGLY, THE ACCOUNTING CHANGE HAS BEEN ADOPTED USING THE MODIFIED RETROSPECTIVE APPROACH. FORM 8858, LINE 5: GMAC IS AN U.S. ORGANIZATION THAT OWNS 100% OF FOREIGN DISREGARDED ENTITIES INCLUDING: GRADUATE MANAGEMENT ADMISSION COUNCIL (HK) LIMITED, GRADUATE MANAGEMENT ADMISSION COUNCIL (INDIA) PRIVATE LTD GRADUATE MANAGEMENT GLOBAL CONNECTION (UK) LIMITED GRADUATE MANAGEMENT GLOBAL CONNECTION (INDIA) PRIVATE LIMITED BUSINESSBECAUSE LIMITED GRADUATE MANAGEMENT ADMISSION COUNCIL (SHANGHAI) MANAGEMENT CONSULTING BUSINESSBECAUSE LIMITED 20 JERUSALEM PASSAGE LONDON UK EC1V 4JP 830763539 PUBLISH AND SELL DIGITAL STORIES ABOUT STUDENT LIFE UK 1235378 1834683 GRADUATE MANAGEMENT GLOBAL CONNECTION (UK) LTD GRADUATE (SHANGHAI) MGMT CONSUL CO RM A50 6TH FLR H DISTRICT 666 BE SHANGHAI CH 851550597 MARKET DEVELOPMENT FOR GMAC WITHIN EAST ASIA AND SOUTHEAST ASIA. CH -2058 107 GRADUATE MANAGEMENT ADMISSION COUNCIL (US) GRADUATE MANAGEMENT ADMISSION COUNCIL HONG KONG LIMITED 908 9TH FLOOR KWAH CENTER NO 19 HK 237084339 MARKET DEVELOPMENT FOR GMAC WITHIN EAST ASIA AND SOUTHEAST ASIA. HK 2459943 2291980 GRADUATE MANAGEMENT ADMISSION COUNCIL (US) GRADUATE MANAGEMENT ADMISSION COUNCIL INDIA PRIVATE LIMITED 405 SUNCITY BUSINESS TOWER SECTOR GURGAON HARYANA IN 1222011 980699911 MARKET DEVELOPMENT FOR GMAC WITHIN SOUTH ASIA, AFRICA AND THE MIDDLE EAST. IN 1999005 600143 GRADUATE MANAGEMENT ADMISSION COUNCIL (US) GRADUATE MANAGEMENT GLOBAL CONNECTION (INDIA) PRIVATE LIMITED 405 TO 407 SUNCITY BUSINESS TOWER GURGAON HARYANA IN 1222011 981316503 DELIVER THE NMAT BY GMAC EXAM AND TO MAKE SALES OF ITS PREP PRODUCTS IN 2261411 4327128 GRADUATE MANAGEMENT ADMISSION COUNCIL (US) GRADUATE MANAGEMENT GLOBAL CONNECTION (UK) LTD ST CLEMENTS HOUSE 27-28 CLEMENTS L LONDON UK EC4N 7AE 980701860 MARKET DEVELOPMENT FOR GMAC WITHIN EUROPE. UK 2485290 2775092 GRADUATE MANAGEMENT ADMISSION COUNCIL (US) GMGC INC 11921 FREEDOM DRIVE SUITE 300 RESTON VA 20190 832498530 SHELL COMPANY THAT OWNS 100% OF TMBAT VA GRADUATE MANAGEMENT ADMISSION COUNCIL C 4084246 1.00000 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 3960998 4554187 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 GMGC INC R 500000 CASH THE MBA TOUR INC R 650000 CASH