CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT (EIN 43-0962198)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-14
- IRS object ID
- 201440459349300104
- Schema version
- 2012v2.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-14T06:46:17-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 431001367 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROWN SMITH WALLACE LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 CITYPLACE DRIVE SUITE 900 | AddressLine1 |
| City | ST LOUIS | City |
| State | MO | State |
| ZIP Code | 63141 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 430962198 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CONS | NameControl |
| Phone | 6366815553 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 229 CHESTERFIELD BUSINESS PARKWAY | AddressLine1 |
| City | CHESTERFIELD | City |
| State | MO | State |
| ZIP Code | 63005 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PETER J ARANDA III | Name |
| Title | EXECUTIVE DIRECTOR & CEO | Title |
| Phone | 6366815553 | Phone |
| Date Signed | 2014-02-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JENNIFER M VACHA | Name |
| PTIN | P01251998 | PTIN |
| Phone | 3149831200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | PETER J ARANDA III | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 229 CHESTERFIELD BUSINESS PARKWAY | AddressLine1 |
| City | CHESTERFIELD | City |
| State | MO | State |
| ZIP Code | 63005 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 28118580 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CGSM.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1971 | YearFormation |
| State Legal Domicile | MO | StateLegalDomicile |
| Activity Or Mission Description | ENHANCE DIVERSITY IN BUSINESS EDUCATION AND LEADERSHIP | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 21 | TotalNbrEmployees |
| Total Nbr Volunteers | 70 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1125698 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1218888 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 23339144 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 26879364 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1227 | InvestmentIncomePriorYear |
| Investment Income Current Year | 11870 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 24466069 | TotalRevenuePriorYear |
| Total Revenue Current Year | 28110122 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1494772 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1749773 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 536960 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 22966514 | OtherExpensePriorYear |
| Other Expenses Current Year | 26371751 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 24461286 | TotalExpensesPriorYear |
| Total Expenses Current Year | 28121524 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4783 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -11402 | RevenuesLessExpensesCY |
| Total Assets BOY | 4051519 | TotalAssetsBOY |
| Total Assets EOY | 4832910 | TotalAssetsEOY |
| Total Liabilities BOY | 1348727 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2127543 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2702792 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2705367 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 26731482 | Expense |
| Revenue | 26879364 | Revenue |
| Description | 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 17 TOP-TIER MEMBER SCHOOLS. | Description |
| Total Program Service Expense | 26731482 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 10 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 21 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6366815553 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 229 CHESTERFIELD BUSINESS PARKWAY | AddressLine1 |
| City | CHESTERFIELD | City |
| State | MO | State |
| ZIP Code | 63005 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (27 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| PAUL DANOS | ||||||
| BOARD CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 |
| DIA DRAPER | ||||||
| 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 | 251016 | 0 | 30292 |
| CAROL PHELPS RESIGNED 30713 | ||||||
| CONSORTIUM ALUMNUS | 2.00 | X | 0 | 0 | 0 | |
| WENDY HUBER | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| COLLEEN MCMULLEN | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| NSOMBI RICKETTS | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| EARL HILL | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| JIM HOLMEN | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| RABIA AHMED | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| SHANDRA JONES | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| REBEKAH LEWIN | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| TINA MABLEY | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| CHRISTOPHER GREY | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| KUSAWN CARR | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| ALLAN COTRONE | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| KATHRYN JOHNSON COLEMAN | ||||||
| TRUSTEE/CAB MEMBER-AT-LARG | 2.00 | X | 0 | 0 | 0 | |
| ERIC ABRAMS | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| ALEX LAWERENCE | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| GARY FRASER | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| BLAIR SANFORD | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| KIKI RICE | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| RAMON ARRAS-RUBIO | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| GLENN WILEN | ||||||
| VP OF FINANCE & ADMIN | 37.50 | X | 117894 | 0 | 26906 | |
| ANTHONY DAVIS | ||||||
| VP OF DEVELOPMENT | 37.50 | X | 144000 | 0 | 0 | |
| JANICE WELLS-WHITE | ||||||
| VP OF PROGRAM ADMIN | 37.50 | X | 122933 | 0 | 19169 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 635843 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 76367 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 1218888 | AllOtherContributions |
| Total Contributions | 1218888 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION REMISSIONS | 611710 | 24299519 | 24299519 |
| MEMBER SCHOOLS | 611710 | 1885000 | 1885000 |
| ORIENTATION PROGRAM RE | 900099 | 415475 | 415475 |
| APPLICATION FEES | 611710 | 211370 | 211370 |
| PROMOTION FEE | 611710 | 68000 | 68000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 26879364 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17825 | TotalRevenueColumn |
| Exclusion | $17,825 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2503 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 8458 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2503 | Securities |
| Other | -8458 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -5955 | TotalRevenueColumn |
| Exclusion | -$5,955 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 28110122 | TotalRevenueColumn |
| Related Or Exempt Function Income | 26879364 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $11,870 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 787979 | Total |
| Program Services | 323203 | ProgramServices |
| Management And General | 357148 | ManagementAndGeneral |
| Fundraising | 107628 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 672338 | Total |
| Program Services | 449797 | ProgramServices |
| Management And General | 32396 | ManagementAndGeneral |
| Fundraising | 190145 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52674 | Total |
| Program Services | 35924 | ProgramServices |
| Fundraising | 16750 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143054 | Total |
| Program Services | 79142 | ProgramServices |
| Management And General | 32149 | ManagementAndGeneral |
| Fundraising | 31763 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93728 | Total |
| Program Services | 50078 | ProgramServices |
| Management And General | 23918 | ManagementAndGeneral |
| Fundraising | 19732 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41991 | Total |
| Management And General | 41991 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14910 | Total |
| Management And General | 14910 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40301 | Total |
| Management And General | 40301 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 128647 | Total |
| Program Services | 79601 | ProgramServices |
| Management And General | 45777 | ManagementAndGeneral |
| Fundraising | 3269 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129904 | Total |
| Program Services | 65634 | ProgramServices |
| Management And General | 42518 | ManagementAndGeneral |
| Fundraising | 21752 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9144 | Total |
| Management And General | 9144 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78193 | Total |
| Program Services | 41778 | ProgramServices |
| Management And General | 19954 | ManagementAndGeneral |
| Fundraising | 16461 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151287 | Total |
| Program Services | 36298 | ProgramServices |
| Management And General | 104317 | ManagementAndGeneral |
| Fundraising | 10672 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15218 | Total |
| Management And General | 15218 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61097 | Total |
| Program Services | 32644 | ProgramServices |
| Management And General | 15591 | ManagementAndGeneral |
| Fundraising | 12862 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4439 | Total |
| Management And General | 4439 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| TUITION/FEES/STIPENDS | 24348519 | 24348519 | ||
| SPECIAL PROGRAMS/SUPPOR | 655026 | 655026 | ||
| ORIENTATION PROGRAM STU | 485243 | 485243 | ||
| MISCELLANEOUS | 90952 | 48595 | 20271 | 22086 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 116880 | Total |
| Management And General | 33040 | ManagementAndGeneral |
| Fundraising | 83840 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28121524 | Total |
| Program Services | 26731482 | ProgramServices |
| Management And General | 853082 | ManagementAndGeneral |
| Fundraising | 536960 | Fundraising |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Joint Costs | X | JointCosts |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1984795 | BOY |
| EOY | 1485911 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 308980 | BOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 889882 | BOY |
| EOY | 1326219 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58887 | BOY |
| EOY | 68416 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1901908 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 530238 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 116728 | BOY |
| EOY | 1371670 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 692247 | BOY |
| EOY | 580694 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4051519 | BOY |
| EOY | 4832910 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1278727 | BOY |
| EOY | 1077143 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70000 | BOY |
| EOY | 130000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 920400 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1348727 | BOY |
| EOY | 2127543 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2278632 | BOY |
| EOY | 2256387 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 424160 | BOY |
| EOY | 448980 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2702792 | BOY |
| EOY | 2705367 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4051519 | BOY |
| EOY | 4832910 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -11402 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 13977 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 927294 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 898505 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1226888 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1125698 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1218888 | CurrentTaxYear |
| Total | 5397273 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 927294 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 898505 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1226888 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1125698 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1218888 | CurrentTaxYear |
| Total | 5397273 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 1068519 | AmountsSubstContributorsTotal |
| Public Support Total170 | 4328754 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3367 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3940 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1521 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1227 | CurrentTaxYearMinus1Year |
| Current Tax Year | 17825 | CurrentTaxYear |
| Total | 27880 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3408 | CurrentTaxYearMinus4Years |
| Total | 3408 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 5428561 | TotalSupport |
| Gross Receipts From Admissions Etc | 112794898 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.79740 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.86500 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 481156 | BeginningOfYearBalance |
| Contributions | 24820 | Contributions |
| Investment Earnings Or Losses | 34305 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 9000 | GrantsOrScholarships |
| End Of Year Balance | 531281 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 444178 | BeginningOfYearBalance |
| Contributions | 24623 | Contributions |
| Investment Earnings Or Losses | 17355 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 5000 | GrantsOrScholarships |
| End Of Year Balance | 481156 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 398958 | BeginningOfYearBalance |
| Contributions | 40080 | Contributions |
| Investment Earnings Or Losses | 10140 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 5000 | GrantsOrScholarships |
| End Of Year Balance | 444178 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 371581 | BeginningOfYearBalance |
| Contributions | 5876 | Contributions |
| Investment Earnings Or Losses | 40501 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1000 | GrantsOrScholarships |
| Administrative Expenses | 18000 | AdministrativeExpenses |
| End Of Year Balance | 398958 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 382907 | BeginningOfYearBalance |
| Contributions | 28925 | Contributions |
| Administrative Expenses | 40251 | AdministrativeExpenses |
| End Of Year Balance | 371581 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.15000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.85000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 223896 | OtherCostOrOtherBasis |
| Book Value | 223896 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1052582 | OtherCostOrOtherBasis |
| Depreciation | 12858 | Depreciation |
| Book Value | 1039724 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 625430 | OtherCostOrOtherBasis |
| Depreciation | 517380 | Depreciation |
| Book Value | 108050 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1371670 | TotalOfBookValueLandBuildings |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 28160227 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 13977 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 27670 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 8458 | OtherRevenues |
| Revenue Not Rptd F990 | 50105 | RevenueNotRptdF990 |
| Revenue Subtotal | 28110122 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 28110122 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 28157652 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 27670 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 8458 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 36128 | ExpensesNotRptdF990 |
| Expenses Subtotal | 28121524 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 28121524 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | INCOME GENERATED BY THE ENDOWMENT FUND IS USED FOR STIPENDS TO THE CONSORTIUM STUDENTS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | 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. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | DISPOSITION OF ASSETS 8,458. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | DISPOSITION OF ASSETS 8,458. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | PETER ARANDA | NamePerson |
| Title | EXECUTIVE DIRECTOR & CEO | Title |
| Base Compensation Filing Org | 226089 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 24927 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 22929 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 7363 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 281308 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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. |
| FORM 990, PART IX, LINE 25, STATEMENT OF FUNCTIONAL EXPENSES: | EXPENSES FOR THE CONSORTIUM AS REPORTED FOR FISCAL YEAR 2013 INCLUDED ONE TIME EXPENSES OF $33,040 RELATED TO OFFICE RELOCATION. THESE EXPENSES WILL NOT RECURR IN FISCAL YEAR 2014. |
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