2013-04-02T10:07:47-05:00 2012-06-30 431001367 BROWN SMITH WALLACE LLC 1050 N LINDBERGH BLVD ST LOUIS MO 631322912 990 2011-07-01 430962198 CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT CONS 6366815553 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 PETER J ARANDA III 6366815553 2013-03-11 1 JENNIFER M VACHA P01251998 3149831200 2011 2016-02-25 16:41:14Z X PETER J ARANDA III 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 24466069 0 X WWW.CGSM.ORG X 1971 MO ENHANCE DIVERSITY IN BUSINESS EDUCATION AND LEADERSHIP 23 22 23 70 0 0 1226888 1125698 22415137 23339144 -1877 1227 0 0 23640148 24466069 0 0 0 0 1408768 1494772 0 0 533459 21793975 22966514 23202743 24461286 437405 4783 3986618 4051519 1304737 1348727 2681881 2702792 X THE MISSION OF THE CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT, AN ALLIANCE OF LEADING AMERICAN BUSINESS SCHOOLS AND SOME OF OUR COUNTRY'S TOP CORPORATIONS, IS TO ENHANCE DIVERSITY IN BUSINESS EDUCATION AND LEADERSHIP BY HELPING TO REDUCE THE (SEE SCHEDULE O) SERIOUS UNDERREPRESENTATION OF AFRICAN AMERICANS, HISPANIC AMERICANS AND NATIVE AMERICANS IN BOTH OUR MEMBER SCHOOLS' ENROLLMENTS AND THE RANKS OF MANAGEMENT. WE BELIEVE THIS MISSION CAN BE ACHIEVED BY RECRUITING FOR GRADUATE BUSINESS EDUCATION QUALIFIED U.S. CITIZENS AND U.S. PERMANENT RESIDENTS WHO CAN DEMONSTRATE A COMMITMENT TO THE CONSORTIUM'S MISSION AND CAN BEST ASSIST THE CONSORTIUM IN PURSUING THIS MISSION. 0 0 23058922 23339144 THE CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT'S PRINCIPAL OBJECTIVE IS TO OFFER UNDERREPRESENTED GROUPS AND THOSE WHO SUPPORT OUR MISSION FELLOWSHIPS FOR GRADUATE BUSINESS STUDY AND SUBSEQUENT CAREERS IN MANAGEMENT. THE CONSORTIUM ANNUALLY AWARDS OVER 300 FULL-TUTIION SCHOLARSHIPS FOR STUDENTS TO ATTEND ONE OF OUR 17 TOP-TIER MEMBER SCHOOLS. 23058922 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 23 1 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1 0 X THE ORGANIZATION 6366815553 229 CHESTERFIELD BUSINESS PARKWAY CHESTERFIELD MO 63005 PAUL DANOS 1.00 X X 0 0 0 KAREN MARKS 3.00 X X 0 0 0 JOE FOX 2.00 X X 0 0 0 PETER ARANDA 37.50 X X 173583 0 27324 CAROL PHELPS 3.00 X 0 0 0 WENDY HUBER 2.00 X 0 0 0 STEPHANIE FUJII 2.00 X 0 0 0 LINDA BALDWIN 1.00 X 0 0 0 COLLEEN MCMULLEN 3.00 X 0 0 0 NSOMBI RICKETTS 3.00 X 0 0 0 EARL HILL 3.00 X 0 0 0 JIM HOLMEN 3.00 X 0 0 0 RABIA AHMED 3.00 X 0 0 0 SHANDRA JONES 3.00 X 0 0 0 REBEKAH LEWIN 2.00 X 0 0 0 TINA MABLEY 1.00 X 0 0 0 ERIN NICKELSBURG 1.00 X 0 0 0 CHRISTOPHER GREY 3.00 X 0 0 0 KUSAWN CARR 2.00 X 0 0 0 ALLAN COTRONE 2.00 X 0 0 0 KEITH VAUGHN 2.00 X 0 0 0 JIM SCHNYDER 2.00 X 0 0 0 KATHRYN JOHNSON COLEMAN 2.00 X 0 0 0 GLENN WILEN 37.50 X 113989 0 31884 ANTHONY DAVIS 37.50 X 133898 0 0 JANICE WELLS-WHITE 37.50 X 101961 0 2906 523431 0 62114 4 0 1 0 0 1125698 1125698 TUITION REMISSIONS 611710 20625399 20625399 MEMBER SCHOOLS 611710 2049000 2049000 ORIENTATION PROGRAM RE 900099 388335 388335 APPLICATION FEES 611710 208410 208410 PROMOTION FEE 611710 68000 68000 23339144 1227 1227 24466069 23339144 0 1227 689036 270205 267094 151737 564123 348394 109144 106585 29209 22099 7110 123433 65008 29410 29015 88971 44350 25617 19004 8774 8774 10275 10275 73219 6355 40831 26033 203972 67390 134679 1903 130886 64426 44060 22400 8984 8984 118559 59099 34137 25323 171509 41039 120728 9742 51202 25523 14743 10936 3296 3296 TUITION/FEES/STIPENDS 20984899 20984899 SPECIAL PROGRAMS/SUPPOR 771524 771524 ORIENTATION PROGRAM STU 252010 252010 BAD DEBT EXPENSE 104995 505 104490 72410 36096 17133 19181 24461286 23058922 868905 533459 X 1968656 1984795 505462 308980 901372 889882 52954 58887 609801 493073 133073 116728 425101 692247 3986618 4051519 1254737 1278727 50000 70000 1304737 1348727 X 2282344 2278632 399537 424160 2681881 2702792 3986618 4051519 X 4783 16128 X X 0 1 1 X 0 X 3217961 927294 898505 1226888 1125698 7396346 3217961 927294 898505 1226888 1125698 7396346 948726 6447620 39825 3367 3940 1521 1227 49880 4298 3408 7706 7453932 99853033 0.86500 0.89110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 444178 24623 17355 5000 481156 398958 40080 10140 5000 444178 371581 5876 40501 1000 18000 398958 382907 28925 40251 371581 0.11850 0.88150 0 0 609801 493073 116728 116728 24466069 24461286 4783 16128 16128 20911 24522197 16128 40000 56128 24466069 0 24466069 24501286 40000 40000 24461286 0 24461286 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: INCOME GENERATED BY THE ENDOWMENT FUND IS USED FOR STIPENDS TO THE CONSORTIUM STUDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CONSORTIUM HAS ADDRESSED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR INCOME TAXES. IN THAT REGARD, THE CONSORTIUM HAS EVALUATED ITS TAX POSITIONS,EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX AND NEW AUTHORITATIVE RULINGS AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY, AT THIS TIME, TO COVER ANY UNCERTAIN TAX POSITIONS. X X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 PETER ARANDA 156231 0 0 0 17352 0 20582 0 6742 0 200907 0 0 0 PART I, LINE 1A THE ORGANIZATION'S CEO TRAVELED FIRST CLASS ON OCCASION AND THE CONSORTIUM MAINTAINED A MEMBERSHIP IN HIS NAME AT A SOCIAL CLUB, WHICH WAS AVAILABLE FOR BUSINESS AND PERSONAL USE. ANY PERSONAL USE IS NOT ELIGIBLE FOR REIMBURSEMENT. PART I, LINE 1B OVERALL, THE COMPENSATION POLICY IS REVIEWED PERIODICALLY BY THE COMPENSATION COMMITTEE AND INCLUDES ASSESSMENTS OF COMPENSATION AT PEER GROUP ORGANIZATIONS AND THE NEED TO ATTRACT AND RETAIN PERSONNEL THAT WILL ENABLE THE CONSORTIUM TO ATTAIN THE STRATEGIC OBJECTIVES SET FORTH BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE A CHANGE TO THE BYLAWS THAT ENABLES A NON TRUSTEE TO CHAIR COMMITTEES AS LONG AS THEY ARE AFFILIATED WITH A MEMBER UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES IS RESPONSIBLE FOR REVIEWING THE DRAFT 990. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND INCORPORATED INTO THE 990 PRIOR TO ITS SUBMISSION TO IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONSORTIUM ADHERES TO A WRITTEN POLICY THAT PROHIBITS ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. ALL TRUSTEES, OFFICERS, COMMITTEE MEMBERS AND STAFF ARE TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. IF A STAFF MEMBER IS UNCERTAIN WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, HE OR SHE MAY ASK THE PRESDIDENT TO MAKE A DETERMINATION. IF THE STAFF MEMBER DISAGREES WITH THE DETERMINATION, HE OR SHE MAY APPEAL THE DECISION TO THE BOARD, WHO WILL THEN RESOLVE THE QUESTION BY MAJORITY VOTE. IF A TRUSTEE OR OFFICER IS UNCERTAIN WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, HE OR SHE MAY ASK THE BOARD TO MAKE A DETERMINATION. THE BOARD SHALL RESOLVE THE QUESTION BY MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR AND VICE PRESIDENTS INCLUDES A REVIEW AND APPROVAL BY AN EXECUTIVE COMMITTEE OF THE BOARD (COMPENSATION COMMITTEE), COMPARABILITY DATA, CONSORTIUM'S PERFORMANCE, THE ECONOMY, AND INFLATION. ONGOING SALARY ADJUSTMENTS ARE ARRIVED AT BY ESTABLISHING AN OVERALL INCREASE POOL BASED ON MULTIPLE FACTORS. THE OVERALL POOL IS APPROVED BY THE BOARD OF TRUSTEES AND ALLOCATED BASED ON THE ANNUAL PERFORMANCE REVIEW PROCESS. THE SALARY RANGES FOR VICE PRESIDENTS IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE (A SUBSET OF THE BOARD OF TRUSTEES) AND APPROVED BY THE BOARD OF TRUSTEES, A PROCESS THAT INCLUDED BENCHMARKING SALARIES AT THEIR OWN INSTITUTIONS. THE SALARY RANGES WERE DESIGNED TO ATTRACT THE CALIBER OF TALENT THE EXECUTIVE COMMITTEE DEEMED NECESSARY FOR CONSORTIUM TO ACCOMPLISH ITS STRATEGIC OBJECTIVES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT AND THE COMPLETE AUDITOR'S REPORT IS POSTED ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 16,128. FORM 990, PART XI, LINE 2C THE BOARD OF TRUSTEES OF THE ORGANIZATION ASSUMES RESPONSIBLITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE WERE NO CHANGES IN THE BOARD'S PROCESS FROM PRIOR YEARS.