2020-04-21T13:49:26-05:00 2019-06-30 431001367 BROWN SMITH WALLACE LLP 6 CITYPLACE DRIVE SUITE 900 ST LOUIS MO 63141 990 2018-07-01 430962198 CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT CONS 6366815553 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 PETER J ARANDA III EXECUTIVE DIRECTOR & CEO 6366815553 2020-04-16 1 JENNIFER M VACHA P01251998 3149831200 199.119.121.196 2020-04-16 20:07:06 CD P 785B99766B5A4B8F99F62A4563056C7E7C0A4775 EDAD6F6730AF3F8D85378C0970DC9C312BD5FC8B 2018 2020-09-22 18:59:49Z PETER J ARANDA III 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 44433273 0 X WWW.CGSM.ORG X 1971 MO ENHANCE DIVERSITY IN BUSINESS EDUCATION AND LEADERSHIP 28 27 24 80 0 0 1442170 1223669 37902435 43110314 50253 85610 6469 13269 39401327 44432862 5000 10000 0 0 2121781 2188002 0 0 536543 36794148 41894287 38920929 44092289 480398 340573 6604861 7005247 1883439 1938506 4721422 5066741 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 42723786 10000 43110314 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 20 TOP-TIER UNIVERSITIES AND APPROXIMATELY 900 STUDENTS ANNUALLY ARE ELIGIBLE FOR FULL FELLOWSHIPS OR OTHER GIFT AID. IN 2019 THE 2019/2020 CLASSES WERE PROVIDED $42,723,786 OF SUPPORT. 42723786 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 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 24 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 THE ORGANIZATION 6366815553 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 DOUGLAS SHACKELFORD BOARD CHAIRMAN 1.00 X X 0 0 0 STEPHANIE WILLIAMS BOARD VICE CHAIRMAN 3.00 X X 0 0 0 PETER ARANDA EXECUTIVE DIRECTOR & CEO 37.50 X X 336044 0 51240 ERNEST ADAMS TRUSTEE 2.00 X 0 0 0 LINA BELL TRUSTEE 2.00 X 0 0 0 MORGAN BERNSTEIN TRUSTEE 2.00 X 0 0 0 KAVITHA BINDRA TRUSTEE 3.00 X 0 0 0 CRYSTA BOLTON TRUSTEE 2.00 X 0 0 0 BETH BRIGGS TRUSTEE 1.00 X 0 0 0 ANNETTA CULVER TRUSTEE 1.00 X 0 0 0 JAMES FRIPP TRUSTEE 2.00 X 0 0 0 EARL HILL TRUSTEE 1.00 X 0 0 0 JIM HOLMEN TRUSTEE 3.00 X 0 0 0 WENDY HUBER TRUSTEE 2.00 X 0 0 0 BRYAN JOHNSON TRUSTEE 3.00 X 0 0 0 DOROTHY KITTNER TRUSTEE 1.00 X 0 0 0 ALEX LAWRENCE TRUSTEE 2.00 X 0 0 0 REBEKAH LEWIN TRUSTEE 2.00 X 0 0 0 PRASHANT MALAVIYA TRUSTEE 1.00 X 0 0 0 COLLEEN MCMULLEN TRUSTEE 2.00 X 0 0 0 AMY MITSON TRUSTEE 3.00 X 0 0 0 LISA RIOS TRUSTEE 1.00 X 0 0 0 NAOMI SANCHEZ TRUSTEE 2.00 X 0 0 0 BLAIR SANFORD TRUSTEE 3.00 X 0 0 0 CYNTHIA SAUNDERS-CHEATHAM TRUSTEE 2.00 X 0 0 0 KELLEE SCOTT TRUSTEE 3.00 X 0 0 0 STEPHEN SWEENEY TRUSTEE 3.00 X 0 0 0 APRIL TAYLOR TRUSTEE 3.00 X 0 0 0 MAHENDRA GUPTA TREASURER 2.00 X 0 0 0 ANTHONY DAVIS VP OF DEVELOPMENT 37.50 X 169012 0 39393 JANICE WELLS-WHITE VP OF PROGRAM ADMIN 37.50 X 162496 0 35875 GLENN WILEN VP OF FINANCE & ADMIN 37.50 X 152444 0 35846 819996 0 162354 4 0 1 0 0 1223669 18362 1223669 TUITION REMISSIONS 611710 40212709 40212709 NEW SCHOOLS/CORP PA 611710 1994000 1994000 ORIENTATION PROGRAM RE 900099 655769 655769 APPLICATION FEES 611710 247836 247836 43110314 85467 85467 554 411 143 143 143 OTHER 900099 13269 13269 13269 44432862 43110314 0 98879 10000 10000 1016956 447203 349229 220524 880571 570534 122647 187390 64756 50443 14313 120344 67346 26945 26053 105375 56378 25852 23145 19850 19850 49425 49425 115782 99196 14312 2274 161315 77069 49169 35077 6478 6478 53036 28375 13012 11649 137539 33090 98917 5532 26673 26673 48194 25785 11823 10586 7378 7378 TUITION/FEES/STIPENDS 40261709 40261709 SPECIAL PROGRAMS/SUPPOR 436024 436024 ORIENTATION PROGRAM STU 436024 436024 COMPETITIVE ADVANTAGE 124610 124610 10250 10250 44092289 42723786 831960 536543 X 1376227 1489328 1000000 1005159 1424739 1517924 53092 63247 2057125 865680 1200308 1191445 1550495 1738144 6604861 7005247 942539 1185306 256500 116000 684400 637200 1883439 1938506 X 3464210 3714947 252581 0 1004631 1351794 4721422 5066741 6604861 7005247 X 340573 -12781 22527 -5000 X X 0 1 X 1 0 X 1342283 1751267 1388446 1442170 1223669 7147835 1342283 1751267 1388446 1442170 1223669 7147835 1358518 5789317 22625 27531 34207 50250 85467 220080 5863 21765 19621 6469 13269 66987 7434902 180224656 0.77870 0.78600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: 50TH ANNIVERSARY BOOK - 2015 AMOUNT: $ 4,446. 2016 AMOUNT: $ 450. 2017 AMOUNT: $ 50. OTHER - 2016 AMOUNT: $ 1,033. 2017 AMOUNT: $ 1,419. 2018 AMOUNT: $ 13,269. PAYMASTER FRAUD RECOVERY - 2015 AMOUNT: $ 12,806. REBATES - 2014 AMOUNT: $ 5,863. 2015 AMOUNT: $ 4,513. 2016 AMOUNT: $ 5,000. 2017 AMOUNT: $ 5,000. WORKERS COMP REIMBURSEMENT - 2016 AMOUNT: $ 9,138. WORKERS COMP VEXAIOUS DAMAGES - 2016 AMOUNT: $ 4,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1247212 90261 63321 49000 1351794 920652 262410 87150 23000 1247212 729850 121351 87451 18000 920652 593687 131930 22233 18000 729850 585562 27400 8725 28000 593687 0.00000 1.00000 0.00000 0 0 223896 223896 1094827 181000 913827 738402 684680 53722 1191445 X 44499848 -12781 57240 22527 66986 44432862 0 44432862 44154529 57240 5000 62240 44092289 0 44092289 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRIOR PERIOD ADJUSTMENT 22,527. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT FROM UNCOLLECTIBLE CONTRIBUTION PLEDGES 5,000. 1 AMERICAN INDIAN GRADUATE CENTER INC 3701 SAN MATEO BLVD NE SUITE 200 ALBUQUERQUE NM 87110 850222386 501(C)(3) 5000 AMERICAN INDIAN ALASKAN NATIVE SCHOLARSHIP WASHINGTON UNIVERSITY 700 ROSEDALE AVENUE CB 1034 ST LOUIS MO 63112 430653611 501(C)(3) 5000 EDUCATIONAL AWARD 2 PART I, LINE 2: THE ORGANIZATION MAINTAINS DOCUMENTATION TO SUPPORT THE PROCESS FOR AWARDING EDUCATIONAL GRANTS. EDUCATIONAL GRANTS ARE ISSUED DIRECTLY TO THE EDUCATIONAL ORGANIZATIONS. STUDENTS DO NOT RECEIVE CASH OR FUNDS DIRECTLY. X X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 PETER ARANDA EXECUTIVE DIRECTOR & CEO 336044 0 0 0 0 0 43300 0 7940 0 387284 0 0 0 ANTHONY DAVIS VP OF DEVELOPMENT 167012 0 2000 0 0 0 32766 0 6627 0 208405 0 0 0 JANICE WELLS-WHITE VP OF PROGRAM ADMIN 160496 0 2000 0 0 0 31810 0 4065 0 198371 0 0 0 GLENN WILEN VP OF FINANCE & ADMIN 150444 0 2000 0 0 0 30649 0 5197 0 188290 0 0 0 PART I, LINE 1A THE ORGANIZATION'S CEO TRAVELED FIRST CLASS ON OCCASION AND THE CONSORTIUM MAINTAINED A MEMBERSHIP IN HIS NAME AT A SOCIAL CLUB, WHICH WAS AVAILABLE FOR BUSINESS AND PERSONAL USE. ANY PERSONAL USE IS NOT ELIGIBLE FOR REIMBURSEMENT. NONE OF THE BENEFITS LISTED ABOVE WERE TREATED AS TAXABLE COMPENSATION. 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. TALIA ARANDA CHILD OF EXECUTIVE DIRECTOR & CEO PETER ARANDA 28915 TUITION ASSISTANCE DEPENDENT TUITION EMPLOYEE BENEFIT MAYA DAVIS CHILD OF VP OF DEVELOPMENT ANTHONY DAVIS 8951 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. FORM 990, PART XI, LINE 9: BAD DEBT FROM UNCOLLECTIBLE CONTRIBUTION PLEDGES -5,000. FORM 990, PART XI, LINE 2C THE BOARD OF TRUSTEES OF THE ORGANIZATION ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE WERE NO CHANGES IN THE BOARD'S PROCESS FROM PRIOR YEARS.