2013-11-07T16:21:52-06:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2012-01-01 237084339 GRADUATE MANAGEMENT ADMISSION COUNCIL GRAD 7036689600 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 SAM REIMER 7037490131 2013-11-05 1 KAREN GRIES P00078514 5712279500 2012 2016-02-25 16:41:14Z DAVID A WILSON 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 213114636 0 X WWW.GMAC.COM X 1970 VA TO ADMINISTER THE GRADUATE MANAGEMENT ADMISSION TEST, CONDUCT EDUCATIONAL RESEARCH AND PROVIDE OTHER EDUCATIONAL SERVICES. 15 14 141 18 0 0 0 0 88520819 92700383 2671455 30651879 1551898 1794587 92744172 125146849 876650 7815210 0 0 23052239 25858966 0 0 0 67894076 69070947 91822965 102745123 921207 22401726 150727729 161235223 29834519 35087899 120893210 126147324 X 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. 0 0 45682386 87662771 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 3188445 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 28057178 7815210 6829499 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. 76928009 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 134 0 141 1 0 1 UK HK IN 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SAM REIMER 7036689600 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 JAMES W BRADFORD 2.00 X 0 0 0 JIM BRADY 1.00 X 0 0 0 JAMES M DANKO 1.00 X 0 0 0 DINA DOMMETT 2.00 X 0 0 0 LAWRENCE P FISHER II 1.00 X 0 0 0 SEAN FERGUSON 1.00 X 0 0 0 STACEY R KOLE 1.00 X 0 0 0 MARGUERITE BISHOP LANE 1.00 X 0 0 0 XIONGWEN LU 1.00 X 0 0 0 ROSEMARIE MECCA 2.00 X 0 0 0 ELLEN GLAZERMAN 1.00 X 0 0 0 CHRISTINE POON 1.00 X 0 0 0 AJIT RANGNEKAR 1.00 X 0 0 0 ALFONS SAUQUET 1.00 X 0 0 0 BERNARD YEUNG 1.00 X 0 0 0 ALEXANDER D SEVILLA 1.00 X 0 0 0 PATRICK J SHOOLTZ 2.00 X 0 0 0 RAY WHITTINGTON 1.00 X 0 0 0 DAVID A WILSON 40.00 X X 1874176 0 40669 MARGARET JOBST 40.00 X 491445 0 47613 MARY SUSAN MOTZ 40.00 X 344812 0 40243 SHELLI H ARNOLD 40.00 X 408298 0 47323 RAMESH THADANI 40.00 X 414388 0 43986 SAMUEL REIMER 40.00 X 290772 0 48286 SHERRI SAMPSON 40.00 X 385937 0 39896 ROBERT ROSECRANS 40.00 X 415218 0 50109 JULIA TYLER 40.00 X 444655 0 117723 LAWRENCE RUDNER 40.00 X 362845 0 48416 ASHOK SARATHY 40.00 X 264968 0 39883 AVIS BENT 40.00 X 268169 0 40638 ERNEST ANASTASIO 40.00 X 380711 0 44287 RICH D'AMATO 40.00 X 250941 0 38894 FANMIN GUO 40.00 X 272394 0 36751 JOSE CARRERAS 40.00 X 256440 0 42337 7126169 0 767054 70 0 1 0 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 7 TEST OPERATIONS 900099 87662771 87662771 SCHOOL/STUDENT PRODUCTS 900099 4476356 4476356 PROFESSIONAL DEVELOPMENT 900099 561256 561256 92700383 73167 73167 118489307 87910595 30578712 30578712 30578712 1849079 57192 1791887 1791887 MISCELLANEOUS REVENUE 900099 2700 2700 2700 125146849 94492270 0 30654579 4743404 4743404 10000 10000 3061806 3061806 6261659 3449145 2812514 15011200 8366115 6645085 1206681 675180 531501 2106219 1127053 979166 1273207 763241 509966 357583 76320 281263 780975 780975 461532 -2102 463634 96424 96424 482991 482991 4001706 3042973 958733 3205224 3162229 42995 2484346 1657066 827280 5243928 117708 5126220 2286345 460416 1825929 4287306 3002770 1284536 243846 243846 7426 7426 1203011 50210 1152801 223428 75 223353 TEST VENDOR COSTS 41441247 41441247 TEST DEVELOPMENT 772565 772565 OTHER EMPLOYEE COSTS 729470 257394 472076 STAFF TRAINING 476018 219667 256351 285576 229681 55895 102745123 76928009 25817114 0 6563240 14741584 1279261 1154656 20513 24432 631000 845341 12658875 4332375 9309954 8326500 107816992 109005102 25106769 27137608 150727729 161235223 10446574 16246548 9025750 8124328 10362195 10717023 29834519 35087899 X 120893210 126147324 120893210 126147324 150727729 161235223 22401726 -18094784 947172 0 X X 0 1 X 1 0 X 88015607 88050589 86711862 90207381 94549462 447534901 88015607 88050589 86711862 90207381 94549462 447534901 0 5242024 3774986 4438512 5232703 5940438 24628663 5242024 3774986 4438512 5232703 5940438 24628663 422906238 2823564 691485 19630 50987 73167 3658833 2823564 691485 19630 50987 73167 3658833 43447 16096 167954 3852 2700 234049 90882618 88758170 86899446 90262220 94625329 451427783 0.93680 0.92820 0.00810 0.01780 X 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. 96424 96424 102648699 102745123 1000000 250000 0 0 1000000 1000000 2000000 3000000 133045 96424 229469 250000 250000 500000 750000 6980575 1065496 5915079 3837393 2630548 1206845 1840907 636331 1204576 8326500 TEST ITEM DEVELOPMENT COSTS 27038403 OTHER ASSETS 99205 27137608 DUE TO TEST PROVIDER AND DEVELOPER 3165398 DEFERRED LEASE OBLIGATIONS 7551625 10717023 X 106563866 -18094784 57192 -18037592 124601458 482991 62400 545391 125146849 102256924 57192 57192 102199732 482991 62400 545391 102745123 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. 1 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 3 16 0 0 3 16 5645914 0 5645914 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 14 0 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: 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. 1 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 BUSINESS WASHINGTON DC 20059 721491905 501C3 10000 TO SUPPORT A FORUM FOR DEANS OF HBCU BUSINESS SCHOOLS WORKING ON ENHANCING BUSINESS PROGRAMS & INITIATIVES. 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. 22 2 TO GENERATE IDEAS TO IMPROVE GRADUATE MANAGEMENT EDUCATION 1 10000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 DAVID A WILSON 645000 0 448000 0 781176 0 25000 0 15669 0 1914845 0 745485 0 MARGARET JOBST 352028 0 137353 0 2064 0 25000 0 22613 0 539058 0 0 0 MARY SUSAN MOTZ 244531 0 97113 0 3168 0 24453 0 15790 0 385055 0 0 0 SHELLI H ARNOLD 293357 0 114461 0 480 0 25000 0 22323 0 455621 0 0 0 RAMESH THADANI 292290 0 114045 0 8053 0 25000 0 18986 0 458374 0 0 0 SAMUEL REIMER 279583 0 18703 0 -7514 0 25000 0 23286 0 339058 0 0 0 SHERRI SAMPSON 271159 0 105800 0 8978 0 17500 0 22396 0 425833 0 0 0 ROBERT ROSECRANS 293356 0 114461 0 7401 0 25000 0 25109 0 465327 0 0 0 JULIA TYLER 312466 0 121917 0 10272 0 42700 0 75023 0 562378 0 0 0 LAWRENCE RUDNER 259943 0 103234 0 -332 0 25000 0 23416 0 411261 0 0 0 ASHOK SARATHY 186472 0 77757 0 739 0 18647 0 21236 0 304851 0 0 0 AVIS BENT 172928 0 68677 0 26564 0 17293 0 23345 0 308807 0 0 0 ERNEST ANASTASIO 272493 0 108218 0 0 0 25000 0 19287 0 424998 0 0 0 RICH D'AMATO 176579 0 73258 0 1104 0 17658 0 21236 0 289835 0 0 0 FANMIN GUO 192659 0 77671 0 2064 0 19266 0 17485 0 309145 0 0 0 JOSE CARRERAS 183203 0 72757 0 480 0 18320 0 24017 0 298777 0 0 0 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. SUPPLEMENTAL INFORMATION 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. 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. AUDIT OVERSIGHT & INDEPENDENT ACCOUNTANT SELECTION PROCESSES FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. ORGANIZATIONAL CHART 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). 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 980699911 CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS IN 0 176530 GRADUATE MANAGEMENT ADMISSION COUNCIL GRADUATE MANAGEMENT GLOBAL CONNECTION CENTRAL CT 25 SOUTHAMPTON BLG LONDON UK 980701860 CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS UK 18776 891754 GRADUATE MANAGEMENT ADMISSION COUNCIL