GRADUATE MANAGEMENT ADMISSION COUNCIL: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- GRADUATE MANAGEMENT ADMISSION COUNCIL (EIN 23-7084339)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-07
- IRS object ID
- 201313119349302186
- 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
- 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) |
|---|---|---|
| Timestamp | 2013-11-07T16:21:52-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4250 N FAIRFAX DRIVE SUITE 1020 | AddressLine1 |
| City | ARLINGTON | City |
| State | VA | State |
| ZIP Code | 22203 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237084339 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRADUATE MANAGEMENT ADMISSION COUNCIL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GRAD | NameControl |
| Phone | 7036689600 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE NO 300 | AddressLine1 |
| City | RESTON | City |
| State | VA | State |
| ZIP Code | 20190 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SAM REIMER | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 7037490131 | Phone |
| Date Signed | 2013-11-05 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KAREN GRIES | Name |
| PTIN | P00078514 | PTIN |
| Phone | 5712279500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DAVID A WILSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE NO 300 | AddressLine1 |
| City | RESTON | City |
| State | VA | State |
| ZIP Code | 20190 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 213114636 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.GMAC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1970 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | TO ADMINISTER THE GRADUATE MANAGEMENT ADMISSION TEST, CONDUCT EDUCATIONAL RESEARCH AND PROVIDE OTHER EDUCATIONAL SERVICES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 141 | TotalNbrEmployees |
| Total Nbr Volunteers | 18 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 88520819 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 92700383 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2671455 | InvestmentIncomePriorYear |
| Investment Income Current Year | 30651879 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1551898 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1794587 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 92744172 | TotalRevenuePriorYear |
| Total Revenue Current Year | 125146849 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 876650 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 7815210 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 23052239 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 25858966 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 67894076 | OtherExpensePriorYear |
| Other Expenses Current Year | 69070947 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 91822965 | TotalExpensesPriorYear |
| Total Expenses Current Year | 102745123 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 921207 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 22401726 | RevenuesLessExpensesCY |
| Total Assets BOY | 150727729 | TotalAssetsBOY |
| Total Assets EOY | 161235223 | TotalAssetsEOY |
| Total Liabilities BOY | 29834519 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 35087899 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 120893210 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 126147324 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 45682386 | Expense |
| Revenue | 87662771 | Revenue |
| Description | TEST OPERATIONS - GRADUATE MANAGEMENT EDUCATION PROGRAMS EVALUATE APPLICANTS FROM MANY EDUCATIONAL BACKGROUNDS. THE 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 GRADUATE MANAGEMENT ADMISSION TEST (GMAT) IS A CRITICAL PART OF THE SELECTIVE ADMISSIONS PROCESS FOR NEARLY 5,700 GRADUATE MANAGEMENT PROGRAMS AT 2,000 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. WAYS TO MEASURE - 2012 VALUESTEST REGISTRATIONS - 311,447TESTS TAKEN - 274,331SCORE REPORTS SENT - 819,692 NUMBER OF TEST CENTERS AS OF DEC 31, 2012:NORTH AMERICA - 345ASIA PACIFIC - 78EUROPE, MIDDLE EAST, AFRICA - 105LATIN AMERICA - 32NUMBER OF ACTIVE PROGRAMS ACCEPTING THE GMAT AS OF DEC 31, 2012:NORTH AMERICA - 4,117ASIA PACIFIC - 620EUROPE, MIDDLE EAST, AFRICA - 945LATIN AMERICA - 47 | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3188445 | Expense |
| Description | 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 SURVEYS EXPLORE RELEVANT ISSUES, OFFERING DATA AT VARIOUS DEPTHS, DEPENDING ON WHAT SCHOOLS NEED AND HOW THEY PARTICIPATE. SURVEY REPORTS ARE FREQUENTLY USED TO HELP DRIVE STRATEGIC DECISION-MAKING PROCESSES IN GRADUATE BUSINESS SCHOOLS.WAYS TO MEASURE - 2012 VALUESNUMBER OF SURVEY REPORTS CREATED - 11 REPORTS: 7 SURVEY REPORTS AND 4 GEOGRAPHIC TRENDS REPORTS; 1,465 BENCHMARK REPORTSNUMBER OF ENTITIES SURVEYED - APPROXIMATELY 70,000 NUMBER OF AD HOC REQUESTS ANSWERED - 80 FOR MEMBER AND NON-MEMBER SCHOOLSGMAT VALIDITY STUDY SERVICE IS A CUSTOMER SERVICE THAT ANALYZES A SCHOOL'S ADMISSIONS CRITERIA AND LETS THE SCHOOL KNOW EXACTLY HOW VALID THE TEST IS FOR ITS PROGRAM.WAYS TO MEASURE - 2012 VALUESNUMBER OF FULL VALIDITY STUDIES - 5NUMBER OF INTEGRATED REASONING (IR) VALIDITY STUDIES - 14 | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 28057178 | Expense |
| Grants | 7815210 | Grants |
| Revenue | 6829499 | Revenue |
| Description | 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.WAYS TO MEASURE - 2012 VALUESWEBSITE VISITS FOR MBA.COM - 8,803,649NUMBER OF DOWNLOADS OF FREE TEST PREP SOFTWARE - 545,383SERVICES 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 - 2012 VALUESMEDIA IMPRESSIONS - 2,043 MILLIONQUALITY MENTIONS OF GMAC IN MEDIA ARTICLES - 865WEBSITE VISITS FOR GMAC.COM - 1,320,259THE GRADUATE MANAGEMENT ADMISSION SEARCH SERVICE (GMASS) GIVES SCHOOL ADMISSION PROFESSIONALS ACCESS TO QUALIFIED POTENTIAL APPLICANTS WHO HAVE ALREADY 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. THIS IS AN ANNUAL, SUBSCRIPTION-BASED SERVICE WITH A POOL OF NAMES THAT FREQUENTLY RENEWS AS INDIVIDUALS MOVE THROUGH THE DECISION-MAKING PROCESS.WAYS TO MEASURE - 2012 VALUESNUMBER OF SEARCHES DONE - 15,832 TOTAL NUMBER OF GMASS SEARCHES COMPLETED IN CALENDAR YEAR 2012THE MBA PATHFINDER DATA WAREHOUSE CAPTURES BUSINESS SCHOOL ADMISSIONS, ENROLLMENT, AND EMPLOYMENT INFORMATION IN ONE 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 - 2012 VALUESNUMBER OF SEARCHES DONE - 305,649NUMBER OF PARTICIPATING SCHOOLS - 340NUMBER OF PARTICIPATING PROGRAMS ESTIMATED - 1,072JOB 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 - 2012 VALUESNUMBER OF JOB POSTINGS - 197GRADUATE MANAGEMENT NEWS: A FREE ONLINE NEWSLETTER 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 - 2012 VALUESGRADUATE MANAGEMENT NEWS EMAILS SENT - 265,172GRADUATE MANAGEMENT NEWS PAGE VIEWS - 80,565MBA 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 - 2012 VALUESNUMBER OF TOTAL SCHOOL ATTENDEES - 128THE GMAC ANNUAL INDUSTRY 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 - 2012 VALUESNUMBER OF TOTAL SCHOOL ATTENDEES - 571THE 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 - 2012 VALUESNUMBER OF TOTAL SCHOOL ATTENDEES - 65THE GMATCH VIRTUAL MBA FAIR IS A GLOBAL RECRUITING EVENT DELIVERED ONLINE IN THE FALL. IT ALLOWS SCHOOLS TO MARKET THEIR PROGRAMS TO POTENTIAL STUDENT FROM ALL OVER THE WORLD. IT ALSO OFFERS LIVE PANEL DISCUSSIONS, EXPERT SESSIONS AND WORKSHOPS.WAYS TO MEASURE - 2012 VALUESNUMBER OF SCHOOLS PARTICIPATING - 81 COUNTRIES REPRESENTED - 11THE GLOBAL SYMPOSIA SERIES IS OPEN TO PROFESSIONALS FROM SCHOOLS WORLDWIDE THAT USE THE GMAT AND FOCUSES ON EXPLORING THE STUDENT EXPECTATIONS AND WAYS TO MEET THEM AS WELL AS THE POTENTIAL EMPLOYERS' NEEDS. IT FEATURES TWO EVENTS IN AUTUMN.LONDON GLOBAL SYMPOSIUM:WAYS TO MEASURE - 2012 VALUESNUMBER OF ATTENDEES - 41 INSTITUTIONS REPRESENTED - 23COUNTRIES REPRESENTED - 12SINGAPORE GLOBAL SYMPOSIUM:WAYS TO MEASURE - 2012 VALUESNUMBER OF ATTENDEES - 81 INSTITUTIONS REPRESENTED - 43COUNTRIES REPRESENTED - 15THE 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 $250,000 TO THE PHD PROJECT, TO HELP FURTHER ITS MISSION TO PROMOTE ADDITIONAL MINORITY FACULTY IN BUSINESS SCHOOLS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 76928009 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | 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 | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 1 | 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 | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | 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 | 1 | 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 | 134 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 141 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Name Of Foreign Country | HK | NameOfForeignCountry |
| Name Of Foreign Country | IN | NameOfForeignCountry |
| 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 | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | 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 | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | 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 | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAM REIMER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7036689600 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE NO 300 | AddressLine1 |
| City | RESTON | City |
| State | VA | State |
| ZIP Code | 20190 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (34 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| JAMES W BRADFORD | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| JIM BRADY | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| JAMES M DANKO | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| DINA DOMMETT | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| LAWRENCE P FISHER II | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| SEAN FERGUSON | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| STACEY R KOLE | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| MARGUERITE BISHOP LANE | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| XIONGWEN LU | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| ROSEMARIE MECCA | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| ELLEN GLAZERMAN | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| CHRISTINE POON | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| AJIT RANGNEKAR | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| ALFONS SAUQUET | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| BERNARD YEUNG | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| ALEXANDER D SEVILLA | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| PATRICK J SHOOLTZ | ||||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |||
| RAY WHITTINGTON | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| DAVID A WILSON | ||||||||
| PRESIDENT AND CEO | 40.00 | X | 1874176 | 0 | 40669 | X | ||
| MARGARET JOBST | ||||||||
| EXECUTIVE VICE PRESIDENT, GMAT | 40.00 | 491445 | 0 | 47613 | X | |||
| MARY SUSAN MOTZ | ||||||||
| VP, AMERICAS | 40.00 | 344812 | 0 | 40243 | X | |||
| SHELLI H ARNOLD | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | 408298 | 0 | 47323 | X | |||
| RAMESH THADANI | ||||||||
| SR. ADVISOR & VP, APAC | 40.00 | 414388 | 0 | 43986 | X | |||
| SAMUEL REIMER | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | 290772 | 0 | 48286 | X | |||
| SHERRI SAMPSON | ||||||||
| GENERAL COUNSEL & CORP SECRETARY | 40.00 | 385937 | 0 | 39896 | X | |||
| ROBERT ROSECRANS | ||||||||
| CHIEF INFORMATION OFFICER | 40.00 | 415218 | 0 | 50109 | X | |||
| JULIA TYLER | ||||||||
| EXECUTIVE VP GLOBAL MARKET DEVEL | 40.00 | 444655 | 0 | 117723 | X | |||
| LAWRENCE RUDNER | ||||||||
| VP, RESEARCH & DEVELOPMENT | 40.00 | 362845 | 0 | 48416 | X | |||
| ASHOK SARATHY | ||||||||
| VP, GMAT OPERATIONS | 40.00 | 264968 | 0 | 39883 | X | |||
| AVIS BENT | ||||||||
| VP, FINANCE | 40.00 | 268169 | 0 | 40638 | X | |||
| ERNEST ANASTASIO | ||||||||
| SR. ADVISOR | 40.00 | 380711 | 0 | 44287 | X | |||
| RICH D'AMATO | ||||||||
| VP, COMMUNICATIONS | 40.00 | 250941 | 0 | 38894 | X | |||
| FANMIN GUO | ||||||||
| VP, PSYCHOMETRIC RESEARCH | 40.00 | 272394 | 0 | 36751 | X | |||
| JOSE CARRERAS | ||||||||
| VP, MARKETING OPERATIONS | 40.00 | 256440 | 0 | 42337 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 7126169 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 767054 | TotalOtherCompensation |
| Number Individuals GT100 K | 70 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| TENTHWAVE DIGITAL LLC | |||||
| 35 PINELAWN RD | MELVILLE | NY | 11747 | REPOSITION GMAC BRAND - FOIL | 1382851 |
| BRUNSWICK GROUP LLC | |||||
| 140E 45TH ST 30TH FLR | NEW YORK | NY | 10017 | MARKETING | 369000 |
| CHERIE SCRICCA | |||||
| 9 SUMMERBROOK CR | NAPA | CA | 94558 | GROWTH STRATEGY | 220000 |
| EAST BANC TECHNOLOGIES | |||||
| 3312 M ST NW | WASHINGTON | DC | 20007 | APPLICATION DEVELOPMENT | 217550 |
| FULBRIGHT & JAWORSKI LLP | |||||
| 801 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20004 | GENERAL LEGAL COUNSEL | 175427 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TEST OPERATIONS | 900099 | 87662771 | 87662771 |
| SCHOOL/STUDENT PRODUCTS | 900099 | 4476356 | 4476356 |
| PROFESSIONAL DEVELOPMENT | 900099 | 561256 | 561256 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 92700383 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 73167 | TotalRevenueColumn |
| Exclusion | $73,167 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 118489307 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 87910595 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 30578712 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 30578712 | TotalRevenueColumn |
| Exclusion | $30,578,712 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1849079 | GrossSalesOfInventory |
| Cost Of Goods Sold | 57192 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1791887 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1791887 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 2700 | TotalRevenueColumn |
| Exclusion | $2,700 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2700 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 125146849 | TotalRevenueColumn |
| Related Or Exempt Function Income | 94492270 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $30,654,579 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4743404 | Total |
| Program Services | 4743404 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10000 | Total |
| Program Services | 10000 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3061806 | Total |
| Program Services | 3061806 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6261659 | Total |
| Program Services | 3449145 | ProgramServices |
| Management And General | 2812514 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15011200 | Total |
| Program Services | 8366115 | ProgramServices |
| Management And General | 6645085 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1206681 | Total |
| Program Services | 675180 | ProgramServices |
| Management And General | 531501 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2106219 | Total |
| Program Services | 1127053 | ProgramServices |
| Management And General | 979166 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1273207 | Total |
| Program Services | 763241 | ProgramServices |
| Management And General | 509966 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 357583 | Total |
| Program Services | 76320 | ProgramServices |
| Management And General | 281263 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 780975 | Total |
| Management And General | 780975 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 461532 | Total |
| Program Services | -2102 | ProgramServices |
| Management And General | 463634 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96424 | Total |
| Management And General | 96424 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 482991 | Total |
| Management And General | 482991 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4001706 | Total |
| Program Services | 3042973 | ProgramServices |
| Management And General | 958733 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3205224 | Total |
| Program Services | 3162229 | ProgramServices |
| Management And General | 42995 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2484346 | Total |
| Program Services | 1657066 | ProgramServices |
| Management And General | 827280 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5243928 | Total |
| Program Services | 117708 | ProgramServices |
| Management And General | 5126220 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2286345 | Total |
| Program Services | 460416 | ProgramServices |
| Management And General | 1825929 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4287306 | Total |
| Program Services | 3002770 | ProgramServices |
| Management And General | 1284536 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 243846 | Total |
| Program Services | 243846 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7426 | Total |
| Management And General | 7426 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1203011 | Total |
| Program Services | 50210 | ProgramServices |
| Management And General | 1152801 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 223428 | Total |
| Program Services | 75 | ProgramServices |
| Management And General | 223353 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| TEST VENDOR COSTS | 41441247 | 41441247 | |
| TEST DEVELOPMENT | 772565 | 772565 | |
| OTHER EMPLOYEE COSTS | 729470 | 257394 | 472076 |
| STAFF TRAINING | 476018 | 219667 | 256351 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 285576 | Total |
| Program Services | 229681 | ProgramServices |
| Management And General | 55895 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102745123 | Total |
| Program Services | 76928009 | ProgramServices |
| Management And General | 25817114 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6563240 | BOY |
| EOY | 14741584 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1279261 | BOY |
| EOY | 1154656 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20513 | BOY |
| EOY | 24432 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 631000 | BOY |
| EOY | 845341 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 12658875 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4332375 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9309954 | BOY |
| EOY | 8326500 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 107816992 | BOY |
| EOY | 109005102 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25106769 | BOY |
| EOY | 27137608 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150727729 | BOY |
| EOY | 161235223 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10446574 | BOY |
| EOY | 16246548 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9025750 | BOY |
| EOY | 8124328 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10362195 | BOY |
| EOY | 10717023 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29834519 | BOY |
| EOY | 35087899 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 120893210 | BOY |
| EOY | 126147324 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 120893210 | BOY |
| EOY | 126147324 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150727729 | BOY |
| EOY | 161235223 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 22401726 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -18094784 | ReconciliationUnrealizedInvest |
| Reconcilation Prior Adjustment | 947172 | ReconcilationPriorAdjustment |
| 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 Consolidated | X | FinancialStatementConsolidated |
| 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) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 88015607 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 88050589 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 86711862 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 90207381 | CurrentTaxYearMinus1Year |
| Current Tax Year | 94549462 | CurrentTaxYear |
| Total | 447534901 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 88015607 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 88050589 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 86711862 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 90207381 | CurrentTaxYearMinus1Year |
| Current Tax Year | 94549462 | CurrentTaxYear |
| Total | 447534901 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5242024 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3774986 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4438512 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5232703 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5940438 | CurrentTaxYear |
| Total | 24628663 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5242024 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3774986 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4438512 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5232703 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5940438 | CurrentTaxYear |
| Total | 24628663 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 422906238 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2823564 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 691485 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 19630 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 50987 | CurrentTaxYearMinus1Year |
| Current Tax Year | 73167 | CurrentTaxYear |
| Total | 3658833 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2823564 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 691485 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 19630 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 50987 | CurrentTaxYearMinus1Year |
| Current Tax Year | 73167 | CurrentTaxYear |
| Total | 3658833 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 43447 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 16096 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 167954 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3852 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2700 | CurrentTaxYear |
| Total | 234049 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 90882618 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 88758170 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 86899446 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 90262220 | CurrentTaxYearMinus1Year |
| Current Tax Year | 94625329 | CurrentTaxYear |
| Total | 451427783 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.93680 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.92820 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00810 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01780 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
| General Explanation | SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLENOUS INCOME - 2008 AMOUNT: $ 43,182. 2009 AMOUNT: $ 16,096. 2010 AMOUNT: $ 167,954. 2011 AMOUNT: $ 1,198. 2012 AMOUNT: $ 2,700. SALE OF OTHER PRODUCTS - 2008 AMOUNT: $ 265. 2011 AMOUNT: $ 2,654. | GeneralExplanation |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 96424 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 96424 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 102648699 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 102745123 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 1000000 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 250000 | FilingOrganizationsTotals |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | 1000000 | CurrentYearMinus1 |
| Current Year | 1000000 | CurrentYear |
| Total | 2000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $3,000,000 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | 133045 | CurrentYearMinus1 |
| Current Year | 96424 | CurrentYear |
| Total | 229469 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | 250000 | CurrentYearMinus1 |
| Current Year | 250000 | CurrentYear |
| Total | 500000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $750,000 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6980575 | OtherCostOrOtherBasis |
| Depreciation | 1065496 | Depreciation |
| Book Value | 5915079 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3837393 | OtherCostOrOtherBasis |
| Depreciation | 2630548 | Depreciation |
| Book Value | 1206845 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1840907 | OtherCostOrOtherBasis |
| Depreciation | 636331 | Depreciation |
| Book Value | 1204576 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 8326500 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| TEST ITEM DEVELOPMENT COSTS | 27038403 |
| OTHER ASSETS | 99205 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 27137608 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO TEST PROVIDER AND DEVELOPER | $3,165,398 |
| DEFERRED LEASE OBLIGATIONS | $7,551,625 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10717023 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 106563866 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -18094784 | NetUnrealizedGainsInvestments |
| Other Revenues | 57192 | OtherRevenues |
| Revenue Not Rptd F990 | -18037592 | RevenueNotRptdF990 |
| Revenue Subtotal | 124601458 | RevenueSubtotal |
| Investment Expenses Not Included | 482991 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 62400 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 545391 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 125146849 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 102256924 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 57192 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 57192 | ExpensesNotRptdF990 |
| Expenses Subtotal | 102199732 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 482991 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 62400 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 545391 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 102745123 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE COUNCIL IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COUNCIL IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE IRC. THE COUNCIL 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 COUNCIL'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, LOCAL AND FOREIGN AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2009 TO 2011 ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, LOCAL AND FOREIGN AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 57,192. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INTEREST EXPENSE NOT INCLUDED ON FORM 990, PART VIII, LINE 7B 7,426. FOREIGN CURRENCY EXPENSE/TAX NOT INCLUDED ON FORM 990, PART VIII, LINE 7B 54,974. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 57,192. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INTEREST EXPENSE NOT INCLUDED ON FORM 990, PART VIII, LINE 7B 7,426. FOREIGN CURRENCY EXPENSE/TAX NOT INCLUDED ON FORM 990, PART VIII, LINE 7B 54,974. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (3 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 1 | 8 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE. | 3116497 |
| ASIA PACIFIC REGION (HONG KONG OFFICE) | 1 | 4 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE. | 1444948 |
| ASIA PACIFIC REGION (INDIA OFFICE) | 1 | 4 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE. | 1084469 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 3 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 16 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 3 | TotalNumberOfOffices |
| Total Number Of Employees | 16 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 5645914 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 5645914 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS (14 entries)
| RegionRegion | Purpose Of GrantPurposeOfGrant | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | STUDENTS WILL ADDRESS SOCIAL, POLITICAL, HUMAN MANAGEMENT, AND ECONOMIC DIMENSIONS OF A GLOBAL MANAGEMENT CHALLENGE THROUGH THE GLOBAL INTEGRATIVE MODULE ONLINE PLATFORM. | 367162 | WIRE TRANSFER | BOOK VALUE |
| SOUTH ASIA | FIRST-YEAR MBA STUDENTS WILL MENTOR UNDERPRIVILEGED CHILDREN IN THE BRIHANMUMBAI MUNICIPAL CORPORATION SCHOOLS OF MUMBAI'S K-WEST WARD FOR ONE YEAR. | 155600 | WIRE TRANSFER | BOOK VALUE |
| EUROPE (INCLUDING ICELAND & GREENLAND) | TO ENABLE STUDENTS TO FORM INTERNATIONAL BUSINESS NETWORKS, GIVING THEM AN OPPORTUNITY TO LOCATE NEW SOURCES OF FINANCING, CUSTOMERS AND SUPPLIERS. | 607480 | WIRE TRANSFER | BOOK VALUE |
| SUB-SAHARAN AFRICA | TO DEVELOP A CURRICULUM FOR GRADUATE MANAGEMENT EDUCATION AND EXECUTIVE DEVELOPMENT PROGRAMS TO MEET CRITICAL NEEDS OF BOTH THE COUNTRY AND THE CONTINENT. | 113087 | WIRE TRANSFER | BOOK VALUE |
| NORTH AMERICA | THE VIRTUAL INCUBATION PROGRAM FOR LAUNCHING NEW BUSINESSES USING A GLOBAL, ONLINE NETWORK OF STUDENTS, COMMUNITY GROUPS, LOCAL ENTREPRENEURS AND INTERNATIONAL UNIVERSITY PARTNERS. | 1550473 | WIRE TRANSFER | BOOK VALUE |
| EAST ASIA AND THE PACIFIC | TO PROMOTE PRODUCTS & SERVICES OF ADAPTIVE TESTING. | 6400 | WIRE TRANSFER | BOOK VALUE |
| EUROPE (INCLUDING ICELAND & GREENLAND) | TO SUPPORT NETWORKING EVENTS FOR MANAGEMENT SCHOOL MARKETING PROFESSIONALS AND MEDIA PROFESSIONALS COVERING THE MANAGEMENT EDUCATION AND BUSINESS SCHOOL MARKETPLACE. | 13779 | WIRE TRANSFER | BOOK VALUE |
| SOUTH AMERICA | MARKETING GMAC PRODUCTS, SERVICES, RESEARCH AND INDUSTRY SUPPORT IN LATIN AMERICA. | 9000 | WIRE TRANSFER | BOOK VALUE |
| EUROPE (INCLUDING ICELAND & GREENLAND) | TO PROMOTE ADVANCES IN PSYCHOMETRICS IN THE AREAS OF TEST DEVELOPMENT, ADMINISTRATION, REPORTING & MODELING. | 11653 | WIRE TRANSFER | BOOK VALUE |
| EUROPE (INCLUDING ICELAND & GREENLAND) | RESEARCH ON MANAGEMENT EDUCATION AND CAREEES - A HUMAN CAPITAL EXPLORATION. | 20000 | WIRE TRANSFER | BOOK VALUE |
| NORTH AMERICA | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | 10000 | CHECK | BOOK VALUE |
| EUROPE (INCLUDING ICELAND & GREENLAND) | TO ADVANCE GRADUATE MANAGEMENT EDUCATION BY SUPPORTING NETWORKING, RESEARCH AND PROFESSIONAL DEVELOPMENT AMONGST BUSINESS SCHOOLS AND INDUSTRY STAKEHOLDERS. | 143431 | WIRE TRANSFER | BOOK VALUE |
| EUROPE (INCLUDING ICELAND & GREENLAND) | TO SPONSOR A STRATEGIC GLOBAL PARTNERSHIP WITH THE BUSINESS SCHOOL AND STUDENT MEMBERSHIP OF THE ASSOCIATION OF MBAS IN THE UK AND WORLDWIDE. | 48241 | WIRE TRANSFER | BOOK VALUE |
| SOUTH ASIA | US HIGHER EDUCATION FAIRS PROGRAM IN VIETNAM. | 5500 | WIRE TRANSFER | BOOK VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of501c3 Orgs | 14 | TotalNumberOf501c3Orgs |
| Total Number Of Other Orgs | 0 | TotalNumberOfOtherOrgs |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 2: 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. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (24 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | Address Line2AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| THE RESEARCH FOUNDATION OF CUNY | ||||||||
| 231 WEST 41ST STREET | NEW YORK | NY | 10036 | 131988190 | 501C3 | 25000 | TO CONDUCT RESEARCH ON IMPROVING GRADUATE BUSINESS SCHOOL ADMISSIONS: SUPPLEMENTING THE GMAT(COPYRIGHT) EXAM WITH ALTERNATIVE PREDICTORS. | |
| NATIONAL HBCU DEANS ROUNDTABLE | ||||||||
| HOWARD UNIVERSITY SCHOOL OF | WASHINGTON | DC | 20059 | 721491905 | 501C3 | 10000 | TO SUPPORT A FORUM FOR DEANS OF HBCU BUSINESS SCHOOLS WORKING ON ENHANCING BUSINESS PROGRAMS & INITIATIVES. | BUSINESS |
| EMPIRE STATE COLLEGE FOUNDATION | ||||||||
| 28 UNION AVENUE | SARATOGA SPRINGS | NY | 12866 | 510193595 | 501C3 | 521073 | TO DEVELOP A PROGRAM THAT WILL AWARD GRADUATE-LEVEL CREDIT TOWARD AN MBA FOR RELEVANT MILITARY TRAINING. | |
| PEPPERDINE UNIVERSITY GRAZIADIO SCHOOL OF BUSINESS AND MANAGEMENT | ||||||||
| 6100 CENTER FRIVE | LOS ANGELES | CA | 90045 | 951644037 | 501C3 | 60000 | THE ONLINE, CLOUD-BASED POINT OF CONVERGENCE WILL ALLOW BUSINESS FACULTY TO SHARE IDEAS AND BEST PRACTICES TO DRIVE INNOVATION REGARDING STUDENT LEARNING. | |
| ILLINOIS INSTITUTE OF TECHNOLOGY | ||||||||
| 3300 SFEDERAL STREET MAIN BLDG | CHICAGO | IL | 601763793 | 362170136 | 501C3 | 20000 | TO CONDUCT RESEARCH ON IDIOSYNCRATIC DEALS IN WORKPLACE AND EMPLOYEES' CAREER OUTCOMES: THE ROLE OF MBA DEGREE. | |
| THE UNIVERSITY OF TEXAS AT TYLER | ||||||||
| 3900 UNIVERSITY BOULEVARD | TYLER | TX | 757990001 | 751396988 | STATE OF TEXAS | 34504 | TO CREATE A VIRTUAL MANUFACTURING ENVIRONMENT USING VIDEO FEEDS FROM AN EXISTING FACTORY TO ILLUSTRATE CONCEPTS DISCUSSED IN GRADUATE MANAGEMENT COURSEWORK. | |
| NET IMPACT | ||||||||
| 150 SPEAR STREET | SAN FRANCISCO | CA | 94105 | 030552976 | 501C3 | 538755 | TO CREATE A VIRTUAL MARKETPLACE THAT MATCHES INTERESTED MBA STUDENTS WITH NON-PROFIT ORGANIZATIONS THAT NEED INNOVATIVE IDEAS AND BUSINESS SOLUTIONS. | |
| SYRACUSE UNIVERSITY | ||||||||
| 721 UNIVERSITY AVENUE | SYRACUSE | NY | 13244 | 150532081 | 501C3 | 807372 | CUSTOMIZED MANAGEMENT CERTIFICATE AND DEGREE PROGRAMS FOR VETERANS. | |
| THE REGENTS UNIVERSITY OF CALIFORNIA | ||||||||
| 9500 GILMAN DRIVE | LA JOLLA | CA | 92093 | 956006144 | 501C3 | 1695538 | TO CREATE A VIRTUAL CAMPUS TO FOSTER COLLABORATION ACROSS GRADUATE MANAGEMENT PROGRAMS INTERNATIONALLY. | |
| UNIVERSITY OF SOUTH FLORIDA BOARD OF TRUSTEES | ||||||||
| 140 SEVENTH AVENUE SOUTH DAV 108 | STPETERSBURG | FL | 33701 | 593102112 | STATE OF FLORIDA | 400067 | TO SUPPORT AN EXPEDITED MBA PROGRAM FOR VETERANS, EMPHASIZING THE IMPORTANCE OF CORPORATE SOCIAL RESPONSIBILITY. | |
| AACSB INTERNATIONAL | ||||||||
| PO BOX 116201 | ATLANTA | GA | 303686201 | 406036286 | 501C3 | 94500 | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| ARIZONA STATE UNIVERSITY GBSSA | ||||||||
| PO BOX 874906 | TEMPE | AZ | 852874906 | 951644037 | 501C3 | 10000 | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| THE ASPEN INSTITUTE | ||||||||
| 477 MADISON AVENUE | NEW YORK | NY | 10022 | 840399006 | 501C3 | 10000 | TO SUPPORT THE ASPEN UNDERGRADUATE BUSINESS EDUCATION CONSORTIUM ADDRESING THE PREPARATION OF STUDENTS FOR THEIR ROLES AS BOTH MANAGERS AND CITIZENS. | |
| ASSOCIATION OF TEST PUBLISHERS | ||||||||
| 2995 ROUND HILL ROAD | YORK | PA | 17042 | 363918100 | 501C3 | 16278 | PROMOTE AND ADVANCE INTEGRITY OF ASSESSMENT SERVICES AND PRODUCTS. | |
| EXECUTIVE MBA COUNCIL | ||||||||
| ONE UNIVERSITY DRIVE | ORANGE | CA | 92866 | 943095701 | 501C3 | 70000 | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| FORTE FOUNDATION | ||||||||
| 9600 ESCARPMENT 745 PMB 72 | AUSTIN | TX | 78749 | 611457145 | 501C3 | 40000 | TO SPONSOR UNDERGRADUATE OUTREACH ACTIVITIES: CAREER LAUNCH & VIRTUAL CAMPUS. | |
| FOUNDATION FOR THE GLOBAL IMPACT | ||||||||
| 801 SECOND AVENUE 2ND FLOOR | NEW YORK | NY | 10017 | 161756484 | 501C3 | 25000 | CORPORATE CHANGE AND INNOVATION AROUND ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES. | |
| THE FOUNDATION FOR AFRICAN LEADERSHIP IN BUSINESS | ||||||||
| 1818 BETHLEHEM PIKE PO BOX 83 | FLOURTOWN | PA | 19031 | 272801574 | 501C3 | 10000 | TO ADVANCE MANAGEMENT EDUCATION & GMAT TESTING IN AFRICA. | |
| WYNNE COMMUNICATIONS | ||||||||
| 1334 PARKVIEW AVENUE SUITE 100 | MANHATTAN BEACH | CA | 90266 | 954844451 | 10000 | TO SPONSOR BUSINESS ACCESS MEDIA EVENT WHICH BRINGS THE WORLD'S TOP MBA PROGRAMS TO MEET WITH THE TOP FINANCIAL MEDIA. | ||
| MANAGEMENTS LEADERSHIP FOR TOMORROW | ||||||||
| 15 MAIDEN LANE STE 900 | NEW YORK | NY | 10038 | 521795164 | 501C3 | 15974 | TO SPONSOR FOUR PROGRAMS OF COACHING AND SUPPORT FOR HIGH-POTENTAIL AMERICAN, HISPANIC & NATIVE AMERICAN YOUNG PEOPLE TO UNLOCK THEIR CAREER POTENTIAL. | |
| THE PHD PROJECT ASSOCIATION | ||||||||
| THREE CHESTNUT RIDGE ROAD | MONTVALE | NJ | 07645 | 202610773 | 501C3 | 250000 | TO HELP AFRICAN-AMERICANS, HISPANIC-AMERICANS AND NATIVE AMERICANS ATTAIN BUSINESS PHDS TO BECOME BUSINESS PROFESSORS AND MENTOR THE NEXT GENERATION. | |
| STUDENT VETERANS OF AMERICA | ||||||||
| 1625 K ST SUITE 320 | WASHINGTON | DC | 20006 | 261971279 | 501C3 | 15000 | TO SUPPORT STUDENT VETERAN SUCCESS CORPS, NATIONAL CONFERENCE & LEADERSHIP INSTITUTE OF STIUDENT VATERANS OF AMERICA THAT HELPS MILITARY VETERANS TO SUCCEED IN ATTAINING HIGHER EDUCATION. | |
| TEACH FOR AMERICA | ||||||||
| WEBSTER GROUP | WASHINGTON | DC | 20016 | 133541913 | 501C3 | 10000 | TO SUPPORT THE MOVEMENT PROVIDING AN EXCELLENT EDUCATION FOR KIDS IN LOW-INCOME COMMUNITIES. | |
| MBA CAREER SERVICES COUNCIL | ||||||||
| POBOX 47478 | TAMPA | FL | 33646 | 522134267 | 501C6 | 10000 | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 22 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 2 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | TO GENERATE IDEAS TO IMPROVE GRADUATE MANAGEMENT EDUCATION | TypeOfGrant |
| Number Of Recipients | 1 | NumberOfRecipients |
| Amount Of Cash Grant | 10000 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| 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 (16 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID A WILSON | ||||||||||||||
| PRESIDENT AND CEO | 645000 | 0 | 448000 | 0 | 781176 | 0 | 25000 | 0 | 15669 | 0 | 1914845 | 0 | 745485 | 0 |
| MARGARET JOBST | ||||||||||||||
| EXECUTIVE VICE PRESIDENT, GMAT | 352028 | 0 | 137353 | 0 | 2064 | 0 | 25000 | 0 | 22613 | 0 | 539058 | 0 | 0 | 0 |
| MARY SUSAN MOTZ | ||||||||||||||
| VP, AMERICAS | 244531 | 0 | 97113 | 0 | 3168 | 0 | 24453 | 0 | 15790 | 0 | 385055 | 0 | 0 | 0 |
| SHELLI H ARNOLD | ||||||||||||||
| CHIEF OPERATING OFFICER | 293357 | 0 | 114461 | 0 | 480 | 0 | 25000 | 0 | 22323 | 0 | 455621 | 0 | 0 | 0 |
| RAMESH THADANI | ||||||||||||||
| SR. ADVISOR & VP, APAC | 292290 | 0 | 114045 | 0 | 8053 | 0 | 25000 | 0 | 18986 | 0 | 458374 | 0 | 0 | 0 |
| SAMUEL REIMER | ||||||||||||||
| CHIEF FINANCIAL OFFICER | 279583 | 0 | 18703 | 0 | -7514 | 0 | 25000 | 0 | 23286 | 0 | 339058 | 0 | 0 | 0 |
| SHERRI SAMPSON | ||||||||||||||
| GENERAL COUNSEL & CORP SECRETARY | 271159 | 0 | 105800 | 0 | 8978 | 0 | 17500 | 0 | 22396 | 0 | 425833 | 0 | 0 | 0 |
| ROBERT ROSECRANS | ||||||||||||||
| CHIEF INFORMATION OFFICER | 293356 | 0 | 114461 | 0 | 7401 | 0 | 25000 | 0 | 25109 | 0 | 465327 | 0 | 0 | 0 |
| JULIA TYLER | ||||||||||||||
| EXECUTIVE VP GLOBAL MARKET DEVEL | 312466 | 0 | 121917 | 0 | 10272 | 0 | 42700 | 0 | 75023 | 0 | 562378 | 0 | 0 | 0 |
| LAWRENCE RUDNER | ||||||||||||||
| VP, RESEARCH & DEVELOPMENT | 259943 | 0 | 103234 | 0 | -332 | 0 | 25000 | 0 | 23416 | 0 | 411261 | 0 | 0 | 0 |
| ASHOK SARATHY | ||||||||||||||
| VP, GMAT OPERATIONS | 186472 | 0 | 77757 | 0 | 739 | 0 | 18647 | 0 | 21236 | 0 | 304851 | 0 | 0 | 0 |
| AVIS BENT | ||||||||||||||
| VP, FINANCE | 172928 | 0 | 68677 | 0 | 26564 | 0 | 17293 | 0 | 23345 | 0 | 308807 | 0 | 0 | 0 |
| ERNEST ANASTASIO | ||||||||||||||
| SR. ADVISOR | 272493 | 0 | 108218 | 0 | 0 | 0 | 25000 | 0 | 19287 | 0 | 424998 | 0 | 0 | 0 |
| RICH D'AMATO | ||||||||||||||
| VP, COMMUNICATIONS | 176579 | 0 | 73258 | 0 | 1104 | 0 | 17658 | 0 | 21236 | 0 | 289835 | 0 | 0 | 0 |
| FANMIN GUO | ||||||||||||||
| VP, PSYCHOMETRIC RESEARCH | 192659 | 0 | 77671 | 0 | 2064 | 0 | 19266 | 0 | 17485 | 0 | 309145 | 0 | 0 | 0 |
| JOSE CARRERAS | ||||||||||||||
| VP, MARKETING OPERATIONS | 183203 | 0 | 72757 | 0 | 480 | 0 | 18320 | 0 | 24017 | 0 | 298777 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. -THE GROSS PAYMENTS TO THE INDIVIDUAL WERE INSIGNIFICANT. THEY ARE INCLUDED IN THE BASE COMPENSATION. | |
| PART III | PART II -- THE 2012 COMPENSATION OF THE ORGANIZATION'S CEO INCLUDED $745,485 OF COMPENSATION WHICH WAS PAID OUT IN THE TAX YEAR. THIS AMOUNT WAS PREVIOUSLY INCLUDED AS DEFERRED COMPENSATION IN THE PRIOR YEARS. | SUPPLEMENTAL INFORMATION |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 MEMBER. 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 11 | THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTRONICALLY GIVEN ACCESS TO A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS AND ASKED TO REVIEW AND SUBMIT COMMENTS TO GMAC PRIOR TO FILING. VARIOUS GMAC OFFICERS AND STAFF ALSO REVIEWED THE FORM 990 PRIOR TO ITS 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 DISINTERESTED MEMBERS OF THE BOARD ARE RESPONSIBLE FOR REVIEWING AND DETERMINING WHETHER A CONFLICT EXISTS AND ANY RESTRICTIONS TO BE PLACED ON THE CONFLICTED DIRECTOR. FOR EMPLOYEES, THE CEO, GENERAL COUNSEL AND THE CHIEF OPERATING OFFICER, AS A GROUP, 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 RULES OF IRC SECTION 4958. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE COMPENSATION DATA FOR ALL OFFICERS. EVERY OTHER YEAR, GMAC ENGAGES IN THE PROCESS WHICH INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THIS PROCESS WAS LAST PERFORMED IN 2012. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GMAC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. | |
| FORM 990, PART XII, LINE 2C: | NO CHANGE FROM PRIOR YEAR. | AUDIT OVERSIGHT & INDEPENDENT ACCOUNTANT SELECTION PROCESSES |
| FORM 8858, LINE 5: | GMAC IS AN U.S. ORGANIZATION THAT OWNS 100% OF THE THREE FOREIGN DISREGARDED ENTITIES (GMAC HONG KONG LIMITED, GMAC INDIA PRIVATE LTD AND GRADUATE MANAGEMENT GLOBAL CONNECTION). | ORGANIZATIONAL CHART |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (3 entries)
| Address Line1AddressForeign/AddressLine1 | CityAddressForeign/City | CountryAddressForeign/Country | Primary ActivitiesPrimaryActivities | Legal Domicile Foreign CountryLegalDomicileForeignCountry | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | EINEIN |
|---|---|---|---|---|---|---|---|---|
| GRADUATE MANAGEMENT ADMISSION COUNCIL HONG KONG LIMITED | ||||||||
| 2601 GOLDEN CENTRE 188 DES VOEUX | CENTRAL | HK | CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS | HK | 41669 | 148942 | GRADUATE MANAGEMENT ADMISSION COUNCIL | |
| GRADUATE MANAGEMENT ADMISSION COUNCIL INDIA PRIVATE LTD | ||||||||
| STE 303 SUNCITY BUSINESS TOWER GOLF | GURGAON | IN | CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS | IN | 0 | 176530 | GRADUATE MANAGEMENT ADMISSION COUNCIL | 980699911 |
| GRADUATE MANAGEMENT GLOBAL CONNECTION | ||||||||
| CENTRAL CT 25 SOUTHAMPTON BLG | LONDON | UK | CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS | UK | 18776 | 891754 | GRADUATE MANAGEMENT ADMISSION COUNCIL | 980701860 |
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