2015-02-16T13:42:47-06:00 2014-06-30 431001367 BROWN SMITH WALLACE LLC 6 CITYPLACE DRIVE SUITE 900 ST LOUIS MO 63141 990 2013-07-01 430962198 CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT CONS 6366815553 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 PETER J ARANDA III EXECUTIVE DIRECTOR & CEO 6366815553 2015-02-12 1 JENNIFER M VACHA P01251998 3149831200 2013 2016-02-25 16:41:14Z PETER J ARANDA III 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 29768688 0 X WWW.CGSM.ORG X 1971 MO ENHANCE DIVERSITY IN BUSINESS EDUCATION AND LEADERSHIP 26 25 21 75 0 0 1218888 1233165 26879364 28517220 11870 18303 0 0 28110122 29768688 0 0 0 0 1749773 1635476 0 0 529481 26371751 28158575 28121524 29794051 -11402 -25363 4832910 4804980 2127543 2084558 2705367 2720422 X THE MISSION OF THE CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT, AN ALLIANCE OF LEADING AMERICAN BUSINESS SCHOOLS AND SOME OF OUR COUNTRY'S TOP CORPORATIONS, IS TO ENHANCE DIVERSITY IN BUSINESS EDUCATION AND LEADERSHIP BY HELPING TO REDUCE THE (SEE SCHEDULE O) SERIOUS UNDERREPRESENTATION OF AFRICAN AMERICANS, HISPANIC AMERICANS AND NATIVE AMERICANS IN BOTH OUR MEMBER SCHOOLS' ENROLLMENTS AND THE RANKS OF MANAGEMENT. WE BELIEVE THIS MISSION CAN BE ACHIEVED BY RECRUITING FOR GRADUATE BUSINESS EDUCATION QUALIFIED U.S. CITIZENS AND U.S. PERMANENT RESIDENTS WHO CAN DEMONSTRATE A COMMITMENT TO THE CONSORTIUM'S MISSION AND CAN BEST ASSIST THE CONSORTIUM IN PURSUING THIS MISSION. 0 0 28489913 28517220 THE CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT'S PRINCIPAL OBJECTIVE IS TO OFFER UNDERREPRESENTED GROUPS AND THOSE WHO SUPPORT OUR MISSION FELLOWSHIPS FOR GRADUATE BUSINESS STUDY AND SUBSEQUENT CAREERS IN MANAGEMENT. THE CONSORTIUM ANNUALLY AWARDS OVER 300 FULL-TUTIION SCHOLARSHIPS FOR STUDENTS TO ATTEND ONE OF OUR 18 TOP-TIER MEMBER SCHOOLS. 28489913 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 21 1 0 0 0 0 0 0 0 0 0 0 X 26 25 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 BOB DAMMON BOARD CHAIRMAN 2.00 X X 0 0 0 COLLEEN MCMULLEN BOARD VICE CHAIRMAN 3.00 X X 0 0 0 JOE FOX SECRETARY/TREASURER 2.00 X X 0 0 0 PETER ARANDA EXECUTIVE DIRECTOR & CEO 37.50 X X 251266 0 48189 ERIC ABRAMS TRUSTEE 3.00 X 0 0 0 RABIA AHMED TRUSTEE 3.00 X 0 0 0 RAMON ARRAS-RUBIO TRUSTEE 2.00 X 0 0 0 KUSAWN CARR TRUSTEE 3.00 X 0 0 0 ALLAN COTRONE TRUSTEE 3.00 X 0 0 0 ANNETTA CULVER TRUSTEE 2.00 X 0 0 0 DIA DRAPER TRUSTEE 2.00 X 0 0 0 GARY FRASER TRUSTEE 2.00 X 0 0 0 CHRISTOPHER GREY TRUSTEE 2.00 X 0 0 0 EARL HILL TRUSTEE 3.00 X 0 0 0 JIM HOLMEN TRUSTEE 3.00 X 0 0 0 WENDY HUBER TRUSTEE 2.00 X 0 0 0 KATHRYN JOHNSON COLEMAN TRUSTEE/CAB MEMBER-AT-LARG 2.00 X 0 0 0 SHANDRA JONES TRUSTEE 3.00 X 0 0 0 ALEX LAWERENCE TRUSTEE 2.00 X 0 0 0 REBEKAH LEWIN TRUSTEE 2.00 X 0 0 0 CHRISTINA MABLEY TRUSTEE 2.00 X 0 0 0 PHIL MILLER TRUSTEE 2.00 X 0 0 0 KIKI RICE TRUSTEE 3.00 X 0 0 0 NSOMBI RICKETTS TRUSTEE 3.00 X 0 0 0 ELAINE ROMANELLI TRUSTEE 1.00 X 0 0 0 BLAIR SANFORD TRUSTEE 2.00 X 0 0 0 GLENN WILEN VP OF FINANCE & ADMIN 37.50 X 131532 0 38404 ANTHONY DAVIS VP OF DEVELOPMENT 37.50 X 153000 0 0 JANICE WELLS-WHITE VP OF PROGRAM ADMIN 37.50 X 145838 0 31670 681636 0 118263 4 0 1 0 0 1233165 1233165 TUITION REMISSIONS 611710 26088880 26088880 MEMBER SCHOOLS 611710 1760000 1760000 ORIENTATION PROGRAM RE 900099 436935 436935 APPLICATION FEES 611710 231405 231405 28517220 18303 18303 29768688 28517220 0 18303 806363 329654 308691 168018 625150 409198 90226 125726 16292 15708 584 101145 56361 20549 24235 86526 44945 23067 18514 26348 26348 16275 16275 27246 27246 147384 115946 1469 29969 133721 66501 43618 23602 7550 7550 45944 23865 12248 9831 173908 31987 128088 13833 26507 26507 75988 39471 20258 16259 6040 6040 TUITION/FEES/STIPENDS 26105880 26105880 SPECIAL PROGRAMS/SUPPOR 586529 586529 ORIENTATION PROGRAM STU 580117 580117 PAYMASTER LOSS 92562 48080 24676 19806 106576 35671 18308 52597 29794051 28489913 774657 529481 X 1485911 1732868 1326219 979982 68416 56509 1955783 606226 1371670 1349557 580694 686064 4832910 4804980 1077143 1121358 130000 90000 920400 873200 2127543 2084558 X 2256387 2258881 448980 461541 2705367 2720422 4832910 4804980 -25363 40418 0 X X 0 1 X 1 0 X 898505 1226888 1125698 1218888 1233165 5703144 898505 1226888 1125698 1218888 1233165 5703144 1045624 4657520 3940 1521 1227 17825 16549 41062 5744206 122455314 0.81080 0.79740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 531281 12560 58721 17000 585562 481156 24820 34305 9000 531281 444178 24623 17355 5000 481156 398958 40080 10140 5000 444178 371581 5876 40501 1000 18000 398958 0.21000 0.79000 0.00000 0 0 223896 223896 1094827 40637 1054190 637060 565589 71471 1349557 X 29824106 40418 15000 55418 29768688 0 29768688 29809051 15000 15000 29794051 0 29794051 PART V, LINE 4: INCOME GENERATED BY THE ENDOWMENT FUND IS USED FOR STIPENDS TO THE CONSORTIUM STUDENTS. PART X, LINE 2: 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 AND NEW AUTHORITATIVE RULINGS AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY, AT THIS TIME, TO COVER ANY UNCERTAIN TAX POSITIONS. X X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 PETER ARANDA EXECUTIVE DIRECTOR & CEO 251266 0 0 0 0 0 41538 0 6651 0 299455 0 0 0 GLENN WILEN VP OF FINANCE & ADMIN 126532 0 5000 0 0 0 28982 0 9422 0 169936 0 0 0 ANTHONY DAVIS VP OF DEVELOPMENT 153000 0 0 0 0 0 0 0 0 0 153000 0 0 0 JANICE WELLS-WHITE VP OF PROGRAM ADMIN 140838 0 5000 0 0 0 28444 0 3226 0 177508 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. 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. 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 11 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 PRESDIDENT 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 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 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THE BOARD OF TRUSTEES OF THE ORGANIZATION ASSUMES RESPONSIBLITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE WERE NO CHANGES IN THE BOARD'S PROCESS FROM PRIOR YEARS.