GRADUATE MANAGEMENT ADMISSION COUNCIL: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- GRADUATE MANAGEMENT ADMISSION COUNCIL (EIN 23-7084339)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-08-14
- IRS object ID
- 201742269349300914
- Schema version
- 2016v3.0
- 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
- Form 990
- Schedule A
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-08-14T08:35:28-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 901 N GLEBE ROAD SUITE 200 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | 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 NO 300 | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SAM REIMER | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 7036689600 | PhoneNum |
| Signature | 2017-08-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID TRIMNER CPA | PreparerPersonNm |
| PTIN | P00444822 | PTIN |
| Phone | 5712279500 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.137.57.251 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-08-11 | IPDt |
| IP Tm | 14:00:39 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | C75C06011B73D6F66A85DAF7D5BEDF01E370C5C1 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | D4C9CCF27C82EE891DBBD0A0F5B8A17B08786766 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SANGEET CHOWFLA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE NO 300 | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $157,877,902 | 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 | GMAC WILL BE THE GLOBAL LEADER IN CONNECTING TALENT AND ASPIRATION WITH OPPORTUNITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 129 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $1,800 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$1,409 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $92,700,862 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $93,576,807 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,162,468 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,415,964 | CYInvestmentIncomeAmt |
| PY Other Revenue | $358,973 | PYOtherRevenueAmt |
| CY Other Revenue | $299,544 | CYOtherRevenueAmt |
| PY Total Revenue | $101,222,303 | PYTotalRevenueAmt |
| CY Total Revenue | $97,292,315 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,112,018 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $769,122 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $24,561,250 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $24,316,765 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $61,985,510 | PYOtherExpensesAmt |
| CY Other Expenses | $67,323,178 | CYOtherExpensesAmt |
| PY Total Expenses | $87,658,778 | PYTotalExpensesAmt |
| CY Total Expenses | $92,409,065 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $13,563,525 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,883,250 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $174,443,732 | TotalAssetsBOYAmt |
| Total Assets EOY | $181,576,795 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $26,994,455 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $24,224,093 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $147,449,277 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $157,352,702 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | GRADUATE MANAGEMENT ADMISSION COUNCIL (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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $42,171,864 | ExpenseAmt |
| Revenue | $85,015,655 | RevenueAmt |
| Desc | TEST OPERATIONS - GRADUATE MANAGEMENT EDUCATION PROGRAMS EVALUATE APPLICANTS FROM MANY EDUCATIONAL BACKGROUNDS. THE GRADUATE MANAGEMENT ADMISSION TEST (GMAT) HELPS SCHOOL PROGRAMS CHOOSE THE STUDENTS WHO ARE MOST LIKELY TO SUCCEED ACADEMICALLY IN A GIVEN PROGRAM. FOR LEADING BUSINESS SCHOOLS WORLDWIDE, THE GMAT IS RECOGNIZED AS THE MOST EFFECTIVE TEST AVAILABLE FOR MATCHING STUDENT COMPETENCIES WITH PROGRAM DEMANDS - REGARDLESS OF PROGRAM TYPE OR THE RACE, GENDER, OR NATIONAL ORIGIN OF STUDENTS. THE GMAT IS A CRITICAL PART OF THE SELECTIVE ADMISSIONS PROCESS FOR NEARLY 6,800 GRADUATE MANAGEMENT PROGRAMS AT 2,300 SCHOOLS AROUND THE WORLD. FOR MORE THAN 50 YEARS, SCHOOLS HAVE TRUSTED THE GMAT EXAM, A PROVEN AND RELIABLE MEASUREMENT, TO ASSESS CANDIDATES' SKILLS AND PREDICT THEIR SUCCESS IN GRADUATE BUSINESS CURRICULUM. IN MARCH 2015, GMGC INDIA ACQUIRED THE NMAT EXAM FROM NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES AND RENAMED IT TO NMAT BY GMAC. THIS EXAM ENABLES SCHOOLS TO RECRUIT TOP TALENT AND MEASURES SKILLS NEEDED TO SUCCEED IN LEADING MANAGEMENT PROGRAMS LOCATED IN INDIA.WAYS TO MEASURE - 2016 VALUES GMAT TEST REGISTRATIONS - 290,089 GMAT TESTS ACTUALLY TAKEN - 258,752 GMAT SCORE REPORTS SENT - 585,436 NMAT TEST REGISTRATIONS - 82,930 NMAT TESTS ACTUALLY TAKEN - 82,197 NMAT SCORE REPORTS SENT - 59,265 EXECUTIVE ASSESSMENT TEST REGISTRATIONS - 887 EXECUTIVE ASSESSMENT TESTS ACTUALLY TAKEN - 711NUMBER OF GMAT AND NMAT TEST CENTERS AS OF DECEMBER 31, 2016: AFRICA - 22 EAST ASIA/PACIFIC - 36 EUROPE + ISRAEL - 67 GREATER CHINA - 28 LATIN AMERICA - 30 MIDDLE EAST/TURKEY - 27 NORTH AMERICA - 450 SOUTH ASIA - 78NUMBER OF ACTIVE PROGRAMS ACCEPTING THE GMAT AND NMAT AS OF DECEMBER 31, 2016: AFRICA - 43 EAST ASIA/PACIFIC - 314 EUROPE + ISRAEL - 1112 GREATER CHINA - 174 LATIN AMERICA - 68 MIDDLE EAST/TURKEY - 85 NORTH AMERICA - 4700 SOUTH ASIA - 334 | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,427,715 | ExpenseAmt |
| Revenue | $12,995 | RevenueAmt |
| Desc | RESEARCH - GMAC RESEARCH PROVIDES DATA ABOUT GMAT TEST TAKERS AND GRADUATE MANAGEMENT PROGRAM CONSTITUENTS.THE POOL OF CANDIDATES FOR GRADUATE BUSINESS EDUCATION CONTINUES TO DIVERSIFY, AND OFFERING THE GMAT EXAM ALLOWS GMAC TO BUILD AN ACCURATE PICTURE OF TODAY'S BUSINESS SCHOOL APPLICANTS. GMAT INTERACTIVE PROFILE REPORTS SHOW CURRENT AND HISTORICAL TEST-TAKER TRENDS ABOUT WHERE TEST TAKERS LIVE, WHAT THEY EXPECT TO GAIN FROM BUSINESS SCHOOL, THEIR WORK EXPERIENCE, ETC. SCHOOLS CAN ALSO CUSTOMIZE A REPORT FOR INFORMATION TARGETED TO FIT THEIR NEEDS. ALL REPORTS CAN BE PRINTED OR DOWNLOADED AT THE SCHOOL'S CONVENIENCE.GMAC RESEARCH EXPLORES RELEVANT AND TIMELY ISSUES RELATING TO GRADUATE MANAGEMENT EDUCATION. GMAC RESEARCH OFFERS DATA, INFORMATION, AND INSIGHTS TO GRADUATE BUSINESS SCHOOLS IN VARIOUS FORMS, INCLUDING REPORTS, TABLES, AND INTERACTIVE TOOLS. GMAC RESEARCH DATA ARE FREQUENTLY USED BY BUSINESS SCHOOL PROFESSIONALS TO DEVELOP STRATEGIES AND TACTICS TO UNDERSTAND MARKETPLACE TRENDS, AND GAIN INSIGHT INTO VARIOUS TOPICAL ISSUES, SUCH AS STUDENT MOBILITY.WAYS TO MEASURE - 2016 VALUESNUMBER OF SURVEY REPORTS CREATED - 64 REPORTS RESEARCH INSIGHTS - 41 SURVEY SUMMARY REPORTS - 6 INTERACTIVE REPORTS - 6 BENCHMARK TOOLS - 4 DATA TO GO REPORTS - 3 RESEARCH REPORTS (WHITE PAPERS) - 4 UNIQUE BENCHMARK REPORTS - 598NUMBER OF ENTITIES SURVEYED - APPROXIMATELY - 78,528NUMBER OF AD HOC REQUESTS ANSWERED - APPROXIMATELY 230 FOR MEMBER AND NON-MEMBER SCHOOLSGMAT VALIDITY STUDY SERVICE IS A CUSTOMER SERVICE THAT ANALYZES A SCHOOL'S ADMISSIONS CRITERIA AND LET'S SCHOOLS KNOW HOW VALID THE TEST SCORES ARE FOR ITS PROGRAM.WAYS TO MEASURE - 2016 VALUESNUMBER OF FULL VALIDITY STUDIES - 5 | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $25,775,792 | ExpenseAmt |
| Grant | $769,121 | GrantAmt |
| Revenue | $8,847,311 | RevenueAmt |
| Desc | OTHER EDUCATIONAL SERVICES - SERVICES FOR STUDENTS:GMAC PROVIDES INFORMATION FOR STUDENTS ABOUT THE VALUE OF AND PROCESS FOR OBTAINING AN MBA DEGREE. THIS INFORMATION IS DELIVERED VIA WWW.MBA.COM, AS WELL AS THROUGH OTHER MEDIUMS AS APPROPRIATE. GMAC PROVIDES FREE GMAT TEST PREPARATION SOFTWARE TO STUDENTS. IN ADDITION, GMAC SELLS VARIOUS TEST PREPARATION PRODUCTS, BOTH HARD COPY AND ONLINE.SERVICES FOR SCHOOLS:GMAC PROVIDES INFORMATION FOR SCHOOL PROFESSIONALS ABOUT POTENTIAL STUDENTS AND GRADUATE MANAGEMENT EDUCATION TRENDS AND DEVELOPMENTS. THIS INFORMATION IS DELIVERED VIA WWW.GMAC.COM, AS WELL AS THROUGH OTHER MEDIUMS AS APPROPRIATE.WAYS TO MEASURE - 2016 VALUESWEBSITE VISITS TO GMAC.COM - 742,684THE GRADUATE MANAGEMENT ADMISSION SEARCH SERVICE (GMASS) PROVIDES GMAT USING SCHOOL PROFESSIONALS AND STRATEGIC PARTNERS ACCESS TO QUALIFIED POTENTIAL CANDIDATES WHO HAVE SHOWN A STRONG INTEREST IN GRADUATE MANAGEMENT EDUCATION. THEY'VE CREATED AN MBA.COM PROFILE, THEY MAY HAVE TAKEN THE GMAT EXAM AND THEY'VE SPECIFICALLY CHOSEN TO MAKE THEIR CONTACT AND OTHER INFORMATION AVAILABLE TO SCHOOLS, AND STRATEGIC PARTNERS. NAMES ARE SOLD INDIVIDUALLY AND THE DATABASE UPDATES FREQUENTLY WITH NEW CANDIDATES. WAYS TO MEASURE - 2016 VALUESNUMBER OF SEARCHES DONE - 17,651 TOTAL NUMBER OF GMASS SEARCHES COMPLETED IN CALENDAR YEAR 2016SCHOOL FINDER DATA WAREHOUSE CAPTURES BUSINESS SCHOOL ADMISSIONS, ENROLLMENT, AND EMPLOYMENT INFORMATION IN ON PLACE. THIS DATA, DEFINED BY THE MBA REPORTING CRITERIA IS AN IMPORTANT SOURCE OF OBJECTIVE, CONSISTENT, AND COMPARABLE INDUSTRY INFORMATION FOR PROSPECTIVE STUDENTS (VIA THE MBA.COM SCHOOL SEARCH SERVICE), BUSINESS SCHOOL PROFESSIONALS, AND THE MEDIA.WAYS TO MEASURE - 2016 VALUESNUMBER OF PROGRAM VIEWS - 354,965NUMBER OF PARTICIPATING SCHOOLS - 1,776NUMBER OF PARTICIPATING PROGRAMS ESTIMATES - 6,879JOB OPENINGS IN GRADUATE MANAGEMENT EDUCATION: TO SUPPORT THE GRADUATE BUSINESS SCHOOL COMMUNITY, GMAC MAINTAINS A CURRENT LIST OF PROFESSIONAL POSITIONS AT BUSINESS SCHOOLS AROUND THE WORLD. THESE OPENINGS ARE POSTED DIRECTLY BY THE SCHOOLS. GMAC SERVES AS THE CENTRAL SOURCE OF NEWS AND INFORMATION IN THE FIELD OF GRADUATE MANAGEMENT EDUCATION.WAYS TO MEASURE - 2016 VALUESNUMBER OF JOB POSTINGS - 319GRADUATE MANAGEMENT NEWS: A FREE ONLINE NEWLETTER PUBLISHED MONTHLY TO KEEP SCHOOLS UP TO DATE ON TRENDS AND PROVIDES FEATURE ARTICLES ON HOT TOPICS IN THE BUSINESS SCHOOL COMMUNITY.WAYS TO MEASURE - 2016 VALUESGRADUATE MANAGEMENT NEWS EMAILS DELIVERED - 101,700GRADUATE MANAGEMENT NEWS PAGE VIEWS - 51,298THE GMAC LEADERSHIP CONFERENCE: THIS ANNUAL EVENT, GENERALLY HELD IN THE EARLY WINTER, IS OPEN TO ACADEMIC AND ADMINISTRATIVE GRADUATE SCHOOL PROGRAM-LEVEL DEANS AND DIRECTORS. ATTENDANCE IS LIMITED TO ENSURE A FOCUSED AND DRIVEN PROGRAM.WAYS TO MEASURE - 2016 VALUESNUMBER OF TOTAL SCHOOL ATTENDEES - 173THE GMAC ANNUAL CONFERENCE IN JUNE BRINGS TOGETHER GRADUATE BUSINESS PROFESSIONALS FROM ALL FUNCTIONS AND EXPERIENCE LEVELS FOR NETWORKING, LEARNING SESSIONS, AND DISCUSSIONS ABOUT THE LATEST TRENDS IN GRADUATE MANAGEMENT EDUCATION. WAYS TO MEASURE - 2016 VALUESNUMBER OF TOTAL SCHOOL ATTENDEES - 681THE ADMISSIONS INSTITUTE FOR NEW PROFESSIONALS, HELD IN THE SUMMER, IS DESIGNED FOR PROFESSIONALS FROM GMAT USING SCHOOLS WITH UP TO TWO YEARS OF EXPERIENCE IN BUSINESS SCHOOL ADMISSIONS.WAYS TO MEASURE - 2016 VALUESNUMBER OF TOTAL SCHOOL ATTENDEES - 56GMAC 2016 EUROPEAN CONFERENCE IS DESIGNED FOR SCHOOL PROFESSIONALS IN ADMISSIONS, MARKETING, RECRUITMENT, INTERNATIONAL AFFAIRS, AND PROGRAM MANAGEMENT. HELD IN THE FALL, THIS REGIONAL FORUM EXPLORES ISSUES OF INCREASING IMPORTANCE WITHIN A GROWING EUROPEAN GRADUATE MANAGEMENT EDUCATION LANDSCAPE.WAYS TO MEASURE - 2016 VALUESNUMBER OF ATTENDEES - 76INSTITUTIONS REPRESENTED - 38COUNTRIES REPRESENTED - 14GMAC 2016 ASIA PACIFIC CONFERENCE IS DESIGNED FOR SCHOOL PROFESSIONALS IN ADMISSIONS, MARKETING, RECRUITMENT, INTERNATIONAL AFFAIRS, AND PROGRAM MANAGEMENT. HELD IN THE FALL, THIS REGIONAL FORUM EXPLORES ISSUES OF INCREASING IMPORTANCE WITHIN A GROWING ASIA-PACIFIC GRADUATE MANAGEMENT EDUCATION LANDSCAPE.WAYS TO MEASURE - 2016 VALUESNUMBER OF ATTENDEES - 75INSTITUTIONS REPRESENTED - 39COUNTRIES REPRESENTED - 18THE GMAC MANAGEMENT EDUCATION FOR TOMORROW (MET) FUND FORMALIZES AND ENHANCES THE GRADUATE MANAGEMENT ADMISSION COUNCIL'S LONG-STANDING COMMITMENT TO INVESTING (FINANCIAL AND IN-KIND) IN STRATEGIC PHILANTHROPIC INITIATIVES THAT BENEFIT AND ADVANCE BUSINESS AND MANAGEMENT EDUCATION GLOBALLY.THE LARGEST PROJECT, THE IDEAS TO INNOVATION CHALLENGE, AWARDED MORE THAN $7.1 MILLION TO 12 PROGRAMS, INCORPORATING ONE OR MORE OF THE 20 IDEAS CHOSEN FROM THE CHALLENGE'S FIRST PHASE, ASKING FOR IDEAS ON HOW TO IMPROVE GRADUATE MANAGEMENT EDUCATION. THESE PROGRAMS ARE CREATING NEW EDUCATION OPPORTUNITIES IN THE US, CANADA, SPAIN, KENYA, BOTSWANA, GHANA AND MORE, AND WILL BE IMPLEMENTED BETWEEN 2013 AND 2017. IN ADDITION, THE FUND AWARDED $150,000 TO THE PHD PROJECT, TO HELP FURTHER ITS MISSION TO PROMOTE ADDITIONAL MINORITY FACULTY IN BUSINESS SCHOOLS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $69,375,371 | 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 |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| 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 | 87 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 129 | 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 | UK | ForeignCountryCd |
| Foreign Country | HK | ForeignCountryCd |
| Foreign Country | IN | ForeignCountryCd |
| Foreign Country | SN | 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | 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 | Yes (1) | 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 | Yes (1) | 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 | SAM REIMER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7036689600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE NO 300 | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| KENNETH FREEMAN | ||||||||
| CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| KATE KLEPPER | ||||||||
| VICE CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| NICK BARNVILLE | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM BOULDING | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JIM BRADY | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| TOM BUIOCCHI | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JON ERICKSON | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ERIC HIRST | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ELLEN GLAZERMAN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MUNISH SAPRA | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| XIONGWEN LU | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SRI ZAHEER | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DONNA RAPACCIOLI | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SANGEET CHOWFLA | ||||||||
| PRESIDENT AND CEO | 40.00 | Yes (X) | Yes (X) | $636,134 | $0 | $392,649 | ||
| ALFONS SAUQUET | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| TOBY MCCHESNEY | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SEAN FERGUSON | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| K RAVI KUMAR | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT ALIG | ||||||||
| EXECUTIVE VP, SCHOOL PRODUCTS | 40.00 | Yes (X) | $417,789 | $0 | $41,649 | |||
| RAMESH THADANI | ||||||||
| EXECUTIVE VP, MARKET DEVELOPMENT | 40.00 | Yes (X) | $524,178 | $0 | $34,153 | |||
| SAMUEL REIMER | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $483,215 | $0 | $42,010 | |||
| SHERRI SAMPSON | ||||||||
| CHIEF HR OFFICER, GENERAL COUNSEL AND CORPORATE SE | 40.00 | Yes (X) | $506,921 | $0 | $33,231 | |||
| BETTY SU | ||||||||
| VP, CHIEF MARKETING OFFICER | 40.00 | Yes (X) | $252,003 | $0 | $28,385 | |||
| DAVID MOLDAVSKY | ||||||||
| VP, BUSINESS OPERATIONS | 40.00 | $362,587 | $0 | $48,834 | Yes (X) | |||
| ASHOK SARATHY | ||||||||
| VP, PRODUCT MANAGEMENT | 40.00 | $345,022 | $0 | $42,521 | Yes (X) | |||
| FANMIN GUO | ||||||||
| VP, PSYCHOMETRIC RESEARCH | 40.00 | $316,993 | $0 | $43,153 | Yes (X) | |||
| ANDREW MARTELLI | ||||||||
| VP, PRODUCT DEVELOPMENT | 40.00 | $309,702 | $0 | $45,788 | Yes (X) | |||
| SABRINA WHITE | ||||||||
| VP, AMERICAS | 40.00 | $316,143 | $0 | $26,221 | Yes (X) | |||
| ASHISH BHARDWAJ | ||||||||
| VP, APAC | 40.00 | $172,424 | $0 | $119,257 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,643,111 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $897,851 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 60 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | 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 |
|---|---|---|---|---|---|
| CPSG PARTNERS LLC | |||||
| 5001 SPRING VALLEY ROAD 300E | DALLAS | TX | 75244 | IMPLEMENTATION PARTNER FOR WORKDAY | $643,533 |
| BIG LENS LLC | |||||
| 1370 PARK GARDEN LANE | RESTON | VA | 20194 | MARKETING | $633,140 |
| UNIVERSITY DIRECTORIES LLC | |||||
| 88 VILCOM CENTER DR | CHAPEL HILL | NC | 27514 | MARKETING | $348,216 |
| AGENCY OF TRILLIONSHPG JPC VENTURES LLC | |||||
| 23 SPRING BROOK PK 4 | RHINEBECK | NY | 12572 | MARKETING | $334,800 |
| SUSAN L VENA | |||||
| 1530 PALISADE AVENUE APT 16P | FORT LEE | NJ | 07024 | MARKETING | $136,592 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TEST OPERATIONS | 900099 | $85,015,655 | $85,015,655 | |
| SCHOOL/STUDENT PRODUCTS | 900099 | $7,620,624 | $7,618,824 | $1,800 |
| PROFESSIONAL DEVELOPMENT | 900099 | $940,528 | $940,528 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $93,576,807 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,217,977 | TotalRevenueColumnAmt |
| Exclusion | $2,217,977 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $61,651,141 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $60,453,154 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,197,987 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,197,987 | TotalRevenueColumnAmt |
| Exclusion | $1,197,987 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $431,587 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $132,433 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $299,154 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $299,154 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $390 | TotalRevenueColumnAmt |
| Exclusion | $390 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $390 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $97,292,315 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $93,874,161 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,800 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,416,354 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $468,207 | TotalAmt |
| Program Services | $468,207 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,702 | TotalAmt |
| Program Services | $74,702 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $226,213 | TotalAmt |
| Program Services | $226,213 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,803,739 | TotalAmt |
| Program Services | $2,010,548 | ProgramServicesAmt |
| Management And General | $1,793,191 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,664,002 | TotalAmt |
| Program Services | $10,034,463 | ProgramServicesAmt |
| Management And General | $5,629,539 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,272,358 | TotalAmt |
| Program Services | $681,556 | ProgramServicesAmt |
| Management And General | $590,802 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,461,810 | TotalAmt |
| Program Services | $1,350,260 | ProgramServicesAmt |
| Management And General | $1,111,550 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,114,856 | TotalAmt |
| Program Services | $632,685 | ProgramServicesAmt |
| Management And General | $482,171 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $380,420 | TotalAmt |
| Management And General | $380,420 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $597,982 | TotalAmt |
| Management And General | $597,982 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $373,091 | TotalAmt |
| Management And General | $373,091 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,511,439 | TotalAmt |
| Program Services | $3,094,862 | ProgramServicesAmt |
| Management And General | $2,416,577 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,588,363 | TotalAmt |
| Program Services | $3,557,901 | ProgramServicesAmt |
| Management And General | $30,462 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,527,543 | TotalAmt |
| Program Services | $480,946 | ProgramServicesAmt |
| Management And General | $1,046,597 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,117,378 | TotalAmt |
| Program Services | $679,719 | ProgramServicesAmt |
| Management And General | $3,437,659 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,312 | TotalAmt |
| Program Services | $12,312 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,098,794 | TotalAmt |
| Program Services | $409,538 | ProgramServicesAmt |
| Management And General | $1,689,256 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,406,608 | TotalAmt |
| Program Services | $1,438,492 | ProgramServicesAmt |
| Management And General | $968,116 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,823,633 | TotalAmt |
| Program Services | $1,823,633 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $860 | TotalAmt |
| Management And General | $860 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,241,425 | TotalAmt |
| Management And General | $1,241,425 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,299 | TotalAmt |
| Management And General | $242,299 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| TEST OPERATIONS | $39,154,449 | $39,154,449 | |
| TEST DEVELOPMENT | $2,886,743 | $2,886,743 | |
| OTHER EMPLOYEE COSTS | $420,267 | $92,415 | $327,852 |
| STAFF TRAINING | $367,696 | $192,511 | $175,185 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $571,876 | TotalAmt |
| Program Services | $73,216 | ProgramServicesAmt |
| Management And General | $498,660 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,409,065 | TotalAmt |
| Program Services | $69,375,371 | ProgramServicesAmt |
| Management And General | $23,033,694 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,417,625 | BOYAmt |
| EOY | $9,823,646 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,858,745 | BOYAmt |
| EOY | $12,163,554 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,327,236 | BOYAmt |
| EOY | $1,033,176 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,775 | BOYAmt |
| EOY | $62,805 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,516,997 | BOYAmt |
| EOY | $1,795,539 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $13,935,675 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $8,719,108 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,296,498 | BOYAmt |
| EOY | $5,216,567 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,817,312 | BOYAmt |
| EOY | $111,499,881 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,210,910 | BOYAmt |
| EOY | $8,543,355 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,950,634 | BOYAmt |
| EOY | $31,438,272 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,443,732 | BOYAmt |
| EOY | $181,576,795 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,761,530 | BOYAmt |
| EOY | $12,004,862 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,905,503 | BOYAmt |
| EOY | $6,997,927 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,327,422 | BOYAmt |
| EOY | $5,221,304 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,994,455 | BOYAmt |
| EOY | $24,224,093 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,449,277 | BOYAmt |
| EOY | $157,352,702 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,449,277 | BOYAmt |
| EOY | $157,352,702 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,443,732 | BOYAmt |
| EOY | $181,576,795 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $4,883,250 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $5,020,175 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | 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 | $94,549,462 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $88,087,784 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $89,236,825 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $93,180,270 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $94,006,594 | CurrentTaxYearAmt |
| Total | $459,060,935 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $94,549,462 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $88,087,784 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $89,236,825 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $93,180,270 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $94,006,594 | CurrentTaxYearAmt |
| Total | $459,060,935 | 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 | $459,060,935 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $73,167 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $790,354 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,876,827 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,214,086 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,217,977 | CurrentTaxYearAmt |
| Total | $7,172,411 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $73,167 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $790,354 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,876,827 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,214,086 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,217,977 | CurrentTaxYearAmt |
| Total | $7,172,411 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,700 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,862 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $54,977 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,724 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $390 | CurrentTaxYearAmt |
| Total | $77,653 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $94,625,329 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $88,891,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $91,168,629 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $95,401,080 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $96,224,961 | CurrentTaxYearAmt |
| Total | $466,310,999 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.98450 | PublicSupportCY509Pct |
| Public Support PY509 | 0.98900 | PublicSupportPY509Pct |
| Investment Income CY | 0.01540 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01090 | 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 | MISCELLENOUS INCOME - 2012 AMOUNT: $ 2,700. 2013 AMOUNT: $ 12,862. 2014 AMOUNT: $ 54,977. 2015 AMOUNT: $ 6,724. 2016 AMOUNT: $ 390. | ExplanationTxt |
Schedule C IRS990ScheduleC
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Total | $3,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $4,500,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $138,977 | CurrentYearMinus3Amt |
| Current Year Minus2 | $26,246 | CurrentYearMinus2Amt |
| Current Year Minus1 | $4,508 | CurrentYearMinus1Amt |
| Total | $169,731 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Total | $750,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,125,000 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,070,406 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,796,453 | DepreciationAmt |
| Book Value | $4,273,953 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,038,779 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,281,745 | DepreciationAmt |
| Book Value | $757,034 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,826,490 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,640,910 | DepreciationAmt |
| Book Value | $185,580 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,216,567 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CAPITALIZED TEST ITEMS | $31,129,448 |
| OTHER ASSETS | $308,824 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $31,438,272 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED LEASE OBLIGATIONS | $5,127,634 |
| OTHER LIABILITIES | $93,670 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,221,304 | 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 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. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (UK OFFICE) | 1 | 5 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE | $1,672,303 |
| ASIA PACIFIC (HONG KONG) | 1 | 6 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE | $1,723,913 |
| ASIA PACIFIC (INDIA) | 1 | 2 | PROGRAM SERVICES | ADMINISTRATION OF THE NMAT EXAM, PROVIDES SERVICES AND FACILITATE INFORMATION EXCHANGE. | $2,089,258 |
| ASIA PACIFIC (INDIA/SINGAPORE) | 1 | 7 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES AND ADMINISTRATION FOR THE GMAT AND NMAT, AND FACILITATE INFORMATION EXCHANGE. | $1,616,987 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 4 | SubtotalOfficesCnt |
| Subtotal Employees | 20 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 4 | TotalOfficeCnt |
| Total Employee | 20 | TotalEmployeeCnt |
| Subtotal Spent | $7,102,461 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $7,102,461 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (8 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|
| EUROPE | SPONSORSHIP OF EFMD ACTIVITIES FOR 2016 | $119,372 | CHECK | $0 | N/A | N/A |
| EUROPE | AFRICAN LEADERSHIP STUDY | $25,000 | WIRE | $0 | N/A | N/A |
| SUB-SAHARAN AFRICA | ASSOCIATE MEMBERSHIP FEE | $8,000 | WIRE | $0 | N/A | N/A |
| EUROPE | GLOBAL PARTNERSHIP | $24,952 | CHECK | $0 | N/A | N/A |
| EUROPE | GLOBAL PARTNERSHIP | $10,720 | CHECK | $0 | N/A | |
| SOUTH ASIA | SPONSORSHIP OF KNOWLEDGE PARTNER | $5,995 | CHECK | $0 | N/A | |
| NORTH AMERICA | CONFERENCE SPONSORSHIP AND MEMBERSHIP | $10,000 | WIRE | $0 | N/A | |
| SOUTH ASIA | SCHOLARSHIPS AND TRAINING | $5,350 | CHECK | $0 | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|---|
| FEE WAIVER | CENTRAL AMERICA AND CARIBBEAN | 3 | $0 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $317 | FEE WAIVER | FAIR MARKET VALUE |
| FEE WAIVER | EAST ASIA AND THE PACIFIC | 10 | $0 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $1,058 | FEE WAIVER | FAIR MARKET VALUE |
| FEE WAIVER | EUROPE | 52 | $0 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $5,502 | FEE WAIVER | FAIR MARKET VALUE |
| FEE WAIVER | MIDDLE EAST & NORTH AFRICA | 6 | $0 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $635 | FEE WAIVER | FAIR MARKET VALUE |
| FEE WAIVER | NORTH AMERICA (EXCLUDES USA) | 23 | $0 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $2,434 | FEE WAIVER | FAIR MARKET VALUE |
| FEE WAIVER | RUSSIA AND NEIGHBORING STATES | 6 | $0 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $635 | FEE WAIVER | FAIR MARKET VALUE |
| FEE WAIVER | SOUTH AMERICA | 12 | $0 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $1,270 | FEE WAIVER | FAIR MARKET VALUE |
| FEE WAIVER | SOUTH ASIA | 19 | $0 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $2,010 | FEE WAIVER | FAIR MARKET VALUE |
| FEE WAIVER | SUB-SAHARAN AFRICA | 28 | $0 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $2,963 | FEE WAIVER | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | 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 (2 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (9 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 | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AACSB INTERNATIONAL | |||||||||||
| PO BOX 116201 | ATLANTA | GA | 30368 | 406036286 | 501(C)(3) | $62,300 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| EXECUTIVE MBA COUNCIL | |||||||||||
| ONE UNIVERSITY DRIVE | ORANGE | CA | 92866 | 943095701 | 501(C)(3) | $35,000 | $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 | TO SPONSOR UNDERGRADUATE OUTREACH ACTIVITIES: CAREER LAUNCH & VIRTUAL CAMPUS. | |
| MAKINETWORK LLC | |||||||||||
| 58 LYME ROAD | HANOVER | NH | 03755 | 464273512 | N/A | $17,500 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT WITH OTHER COMMUNICATIONS EXPERTS AND JOURNALISTS. | |
| THE PHD PROJECT | |||||||||||
| THREE CHESTNUT RIDGE ROAD | MONTVALE | NJ | 07645 | 202610773 | 501(C)(3) | $150,000 | $0 | N/A | N/A | TO HELP AFRICAN-AMERICANS, HISPANIC-AMERICANS AND NATIVE AMERICANS ATTAIN BUSINESS PHDS TO BECOME BUSINESS PROFESSORS AND MENTOR THE NEXT GENERATION. | |
| WYNNE COMMUNICATIONS | |||||||||||
| 1334 PARKVIEW AVENUE SUITE 100 | MANHATTAN BEACH | CA | 90266 | 954844451 | N/A | $5,000 | $0 | N/A | N/A | TO SPONSOR BUSINESS ACCESS MEDIA EVENT WHICH BRINGS THE WORLD'S TOP MBA PROGRAMS TO MEET WITH THE TOP FINANCIAL MEDIA. | |
| MANAGEMENT LEADERSHIP FOR TOMORROW | |||||||||||
| 15 MAIDEN LANE STE 900 | NEW YORK | NY | 10038 | 521795164 | 501(C)(3) | $15,000 | $0 | N/A | N/A | TO SPONSOR PROGRAMS OF COACHING AND SUPPORT FOR HIGH-POTENTIAL AMERICAN, HISPANIC & NATIVE AMERICAN YOUNG PEOPLE TO UNLOCK THEIR CAREER POTENTIAL. | |
| UNIVERSITY OF NEBRASKA | |||||||||||
| 401 CANFIELD ADMINISTRATION | LINCOLN | NE | 68588 | 470049123 | 501(C)(3) | $12,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | BUILDING PO BOX 880439 |
| ASSOCIATION OF TEST PUBLISHERS | |||||||||||
| 2995 ROUND HILL ROAD | YORK | PA | 17042 | 363918100 | 501(C)(3) | $18,420 | $0 | N/A | N/A | PROMOTE AND ADVANCE INTEGRITY OF ASSESSMENT SERVICES AND PRODUCTS. | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 7 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FEE WAIVER | GrantTypeTxt |
| Recipient | 706 | RecipientCnt |
| Cash Grant | $74,702 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| 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) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | 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 | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SANGEET CHOWFLA | ||||||||||||||
| PRESIDENT AND CEO | $441,734 | $0 | $194,400 | $0 | $0 | $0 | $374,000 | $0 | $18,649 | $0 | $1,028,783 | $0 | $0 | $0 |
| ROBERT ALIG | ||||||||||||||
| EXECUTIVE VP, SCHOOL PRODUCTS | $327,173 | $0 | $90,616 | $0 | $0 | $0 | $9,859 | $0 | $31,790 | $0 | $459,438 | $0 | $0 | $0 |
| RAMESH THADANI | ||||||||||||||
| EXECUTIVE VP, MARKET DEVELOPMENT | $355,455 | $0 | $165,128 | $0 | $3,595 | $0 | $10,634 | $0 | $23,519 | $0 | $558,331 | $0 | $0 | $0 |
| SAMUEL REIMER | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $327,664 | $0 | $155,551 | $0 | $0 | $0 | $13,089 | $0 | $28,921 | $0 | $525,225 | $0 | $0 | $0 |
| SHERRI SAMPSON | ||||||||||||||
| CHIEF HR OFFICER, GENERAL COUNSEL AN | $342,959 | $0 | $163,962 | $0 | $0 | $0 | $0 | $0 | $33,231 | $0 | $540,152 | $0 | $0 | $0 |
| BETTY SU | ||||||||||||||
| VP, CHIEF MARKETING OFFICER | $221,763 | $0 | $30,240 | $0 | $0 | $0 | $17,907 | $0 | $10,478 | $0 | $280,388 | $0 | $0 | $0 |
| DAVID MOLDAVSKY | ||||||||||||||
| VP, BUSINESS OPERATIONS | $252,385 | $0 | $110,202 | $0 | $0 | $0 | $18,000 | $0 | $30,834 | $0 | $411,421 | $0 | $0 | $0 |
| ASHOK SARATHY | ||||||||||||||
| VP, PRODUCT MANAGEMENT | $243,917 | $0 | $100,625 | $0 | $480 | $0 | $18,000 | $0 | $24,521 | $0 | $387,543 | $0 | $0 | $0 |
| FANMIN GUO | ||||||||||||||
| VP, PSYCHOMETRIC RESEARCH | $224,539 | $0 | $89,286 | $0 | $3,168 | $0 | $24,000 | $0 | $19,153 | $0 | $360,146 | $0 | $0 | $0 |
| ANDREW MARTELLI | ||||||||||||||
| VP, PRODUCT DEVELOPMENT | $221,274 | $0 | $88,428 | $0 | $0 | $0 | $18,000 | $0 | $27,788 | $0 | $355,490 | $0 | $0 | $0 |
| SABRINA WHITE | ||||||||||||||
| VP, AMERICAS | $221,883 | $0 | $93,489 | $0 | $771 | $0 | $18,000 | $0 | $8,221 | $0 | $342,364 | $0 | $0 | $0 |
| ASHISH BHARDWAJ | ||||||||||||||
| VP, APAC | $172,424 | $0 | $0 | $0 | $0 | $0 | $70,282 | $0 | $48,975 | $0 | $291,681 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 GROSS PAYMENTS TO THE INDIVIDUAL WERE INSIGNIFICANT AND RELATE TO STAFF ANNIVERSARY RECOGNITIONS AND AWARDS. AS REQUIRED BY TAX LAW, ANY APPROPRIATE AMOUNTS ARE INCLUDED IN THE COMPENSATION OF THE INDIVIDUAL. |
| PART II COLUMN (C) | INCLUDED IN THE AMOUNT OF RETIREMENT AND DEFERRED COMPENSATION FOR SANGEET CHOWFLA IS A DEFERRED COMPENSATION INCENTIVE PLAN ACCRUAL OF $350,000 FOR 2016. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | ON DECEMBER 1, 2016, THE COUNCIL MEMBERSHIP SUCCESSFULLY VOTED TO AMEND THE COUNCIL'S BYLAWS TO ALIGN WITH BEST PRACTICE CORPORATE GOVERNANCE STANDARDS TO INCREASE THE EFFICIENCY AND EFFECTIVENESS OF ITS BOARD OF DIRECTORS, SUPPORT THE NEED FOR STRONGER GOVERNANCE, INVESTMENT MANAGEMENT AND RISK OVERSIGHT AND BUILD AN APPROPRIATE STRUCTURE TAKING INTO ACCOUNT THE NATURE OF THE COUNCIL'S GLOBAL ACTIVITIES AND LEGAL AND REGULATORY OBLIGATIONS. AMONG OTHER ENHANCEMENTS, THE COUNCIL ESTABLISHED SEPARATE AUDIT AND RISK AND FINANCE AND INVESTMENT COMMITTEES, INCORPORATED PERIODIC GOVERNANCE OVERSIGHT ACTIVITIES INTO A NEW NOMINATING AND GOVERNANCE COMMITTEE AND EXPANDED THE COMPOSITION OF EACH TYPE OF DIRECTOR CLASS TO CREATE FLEXIBILITY AND ALLOW FOR GREATER DIVERSITY AND MEMBER REPRESENTATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | GRADUATE MANAGEMENT ADMISSION COUNCIL HAS ONE CLASS OF MEMBERS - GRADUATE BUSINESS MANAGEMENT SCHOOLS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE DEAN AND REPRESENTATIVE 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 B, LINE 11B | EACH MEMBER OF THE BOARD OF DIRECTORS IS GIVEN ELECTRONIC ACCESS TO A COPY OF THE FORM 990 WHILE IN DRAFT FORM (PRIOR TO FILING WITH THE IRS) AND ASKED TO REVIEW AND SUBMIT COMMENTS TO GMAC MANAGEMENT PRIOR TO FILING. GMAC OFFICERS AND SENIOR STAFF ARE ALSO REQUIRED AND GIVEN ACCESS TO REVIEW FORM 990 PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE HAS AN ONGOING OBLIGATION TO DISCLOSE POTENTIAL OR ACTUAL CONFLICTS. FOR DIRECTORS, THE NOMINATING AND GOVERNANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING AND DETERMINING WHETHER A CONFLICT EXISTS. THIS COMMITTEE MAKES A RECOMMENDATION TO THE BOARD CONCERNING ANY RESTRICTIONS TO BE PLACED ON THE CONFLICTED DIRECTOR. FOR EMPLOYEES, THE CEO AND THE GENERAL COUNSEL REVIEW POTENTIAL OR ACTUAL CONFLICTS, DETERMINE WHETHER A CONFLICT EXISTS, AND RECOMMEND ACTION. RESTRICTIONS RANGE FROM RECUSAL TO TERMINATION. |
| 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 DETERMINES COMPENSATION BASED ON THIS 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 SANCTIONS 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. |
| 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 8858, LINE 5: | GMAC IS AN U.S. ORGANIZATION THAT OWNS 100% OF THE FOUR FOREIGN DISREGARDED ENTITIES (GRADUATE MANAGEMENT ADMISSION COUNCIL (HK), GRADUATE MANAGEMENT ADMISSION COUNCIL (INDIA) PRIVATE LTD. AND GRADUATE MANAGEMENT GLOBAL CONNECTION (UK) LIMITED, AND GRADUATE MANAGEMENT GLOBAL CONNECTION (INDIA) PRIVATE LTD.) |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | EINEIN | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|
| GRADUATE MANAGEMENT ADMISSION COUNCIL HONG KONG LIMITED | |||||||||
| 29TH FLOOR KWAH CENTRE 191 JAVA | NORTH POINT | HK | CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SERVICES | HK | $1,830,304 | $629,938 | GRADUATE MANAGEMENT ADMISSION COUNCIL | ||
| GRADUATE MANAGEMENT ADMISSION COUNCIL INDIA PRIVATE LIMITED | |||||||||
| SUITE 303 3RD FLOOR SUNCITY BUSIN | GURAGAON | IN | CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SERVICES | IN | $1,552,422 | -$155,527 | GRADUATE MANAGEMENT ADMISSION COUNCIL | 980699911 | |
| GRADUATE MANAGEMENT GLOBAL CONNECTION (UK) LTD | |||||||||
| ST CLEMENTS HOUSE 27-28 CLEMENTS L | LONDON | UK | CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SERVICES | UK | $1,612,326 | $970,885 | GRADUATE MANAGEMENT ADMISSION COUNCIL | 980701860 | E4N 7AE |
| GRADUATE MANAGEMENT GLOBAL CONNECTION (INDIA) PRIVATE LIMITED | |||||||||
| SUITE 303 3RD FLOOR SUNCITY BUSIN | GURAGAON | IN | CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SERVICES | IN | $1,647,673 | $420,206 | GRADUATE MANAGEMENT ADMISSION COUNCIL | ||
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