2012-11-09T05:24:05-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2011-01-01 237084339 GRADUATE MANAGEMENT ADMISSION COUNCIL GRAD 7036689600 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 SAM REIMER 7037490131 2012-11-07 1 J ANDREW SMITH P00635175 5712279500 2011 2016-02-24 21:20:13Z DAVID A WILSON 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 101537981 0 X WWW.GMAC.COM X 1970 VA THE COUNCIL IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO ADMINISTER THE GRADUATE MANAGEMENT ADMISSION TEST, CONDUCT EDUCATIONAL RESEARCH AND TO PROVIDE OTHER EDUCATIONAL SERVICES. 16 15 146 16 0 0 0 0 85054459 88520819 870868 2671455 1780000 1551898 87705327 92744172 955264 876650 0 0 20544062 23052239 0 0 0 69976710 67894076 91476036 91822965 -3770709 921207 153350580 150727729 31259410 29834519 122091170 120893210 X THE COUNCIL IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO ADMINISTER THE GRADUATE MANAGEMENT ADMISSION TEST (GMAT), CONDUCT EDUCATIONAL RESEARCH AND TO PROVIDE OTHER EDUCATIONAL SERVICES. 0 0 45986725 16848 84072056 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 5,350 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 - 2011 VALUESTEST REGISTRATIONS - 309,083TESTS TAKEN - 268,399SCORE REPORTS SENT - 851,670NUMBER OF TEST CENTERS AS OF DEC 31, 2011, (ESTIMATED):NORTH AMERICA - 354ASIA PACIFIC - 83EUROPE, MIDDLE EAST, AFRICA - 123LATIN AMERICA - 35NUMBER OF ACTIVE PROGRAMS ACCEPTING THE GMAT AS OF DEC 31, 2011:NORTH AMERICA - 3,921ASIA PACIFIC - 505EUROPE, MIDDLE EAST, AFRICA - 853LATIN AMERICA - 48 3051460 RESEARCH - GRADUATE MANAGEMENT ADMISSION COUNCIL (GMAC) RESEARCH PROVIDES DATA ABOUT GMAT TEST TAKERS AND GRADUATE MANAGEMENT PROGRAM CONSTITUENTS.THE POOL OF CANDIDATES FOR GRADUATE BUSINESS EDUCATION CONTINUES TO GROW AND 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.GRADUATE MANAGEMENT ADMISSION COUNCIL 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 - 2011 VALUESNUMBER OF SURVEY REPORTS CREATED - 13 REPORTS: 7 SURVEY REPORTS AND 6 DATA REPORTS; 1,357 BENCHMARK REPORTSNUMBER OF ENTITIES SURVEYED - APPROXIMATELY 50,113 RESPONDENTSNUMBER OF AD HOC REQUESTS ANSWERED - 86 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 - 2011 VALUESNUMBER OF VALIDITY STUDIES DONE - 3 20370200 859802 5996809 OTHER EDUCATIONAL SERVICES - SERVICES FOR STUDENTS:GRADUATE MANAGEMENT ADMISSION COUNCIL PROVIDES INFORMATION FOR STUDENTS ABOUT THE VALUE OF AND PROCESS FOR OBTAINING AN MBA OR OTHER GRADUATE MANAGEMENT DEGREE. THIS INFORMATION IS DELIVERED VIA WWW.MBA.COM, AS WELL AS THROUGH OTHER MEDIUMS AS APPROPRIATE. GRADUATE MANAGEMENT ADMISSION COUNCIL PROVIDES FREE GMAT TEST PREPARATION SOFTWARE TO STUDENTS. IN ADDITION, GMAC SELLS VARIOUS TEST PREPARATION PRODUCTS, BOTH HARD COPY AND ONLINE.WAYS TO MEASURE - 2011 VALUESWEBSITE VISITS FOR MBA.COM - 7,788,472NUMBER OF DOWNLOADS OF FREE TEST PREP SOFTWARE - 466,019SERVICES FOR SCHOOLS:GRADUATE MANAGEMENT ADMISSION COUNCIL 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 - 2011 VALUESMEDIA IMPRESSIONS - 942 MILLIONWEBSITE VISITS FOR GMAC.COM - 1,325,480THE 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 - 2011 VALUESNUMBER OF SEARCHES DONE - 14,250THE 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 - 2011 VALUESNUMBER OF SEARCHES DONE - 387,023NUMBER OF PARTICIPATING SCHOOLS - 330NUMBER OF PARTICIPATING PROGRAMS ESTIMATED - 1,074JOB OPENINGS IN GRADUATE MANAGEMENT EDUCATION: TO SUPPORT THE GRADUATE BUSINESS SCHOOL COMMUNITY, GRADUATE MANAGEMENT ADMISSION COUNCIL MAINTAINS A CURRENT LIST OF PROFESSIONAL POSITIONS AT BUSINESS SCHOOLS AROUND THE WORLD. THESE OPENINGS ARE POSTED DIRECTLY BY THE SCHOOLS GRADUATE MANAGEMENT ADMISSION COUNCIL SERVES AS THE CENTRAL SOURCE OF NEWS AND INFORMATION IN THE FIELD OF GRADUATE MANAGEMENT EDUCATION.WAYS TO MEASURE - 2011 VALUESNUMBER OF JOB POSTINGS - 211GRADUATE MANAGEMENT NEWS (GM 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 - 2011 VALUESCIRCULATION NUMBER FOR GM NEWS - 22,000MBA 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 - 2011 VALUESNUMBER OF ATTENDEES - 108THE GRADUATE MANAGEMENT ADMISSION COUNCIL 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 - 2011 VALUESNUMBER OF ATTENDEES - 298THE 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 - 2011 VALUESNUMBER OF ATTENDEES - 64THE GRADUATE MANAGEMENT ADMISSION COUNCIL EUROPEAN CONFERENCE IS OPEN TO PROFESSIONALS FROM SCHOOLS WORLDWIDE THAT USE THE GMAT AND IS AIMED AT THOSE RESPONSIBLE FOR DECISION MAKING IN PROGRAM DIRECTION, MARKETING AND ADMISSIONS, CAREERS AND STUDENT SERVICES.WAYS TO MEASURE - 2011 VALUESNUMBER OF ATTENDEES - 34THE GRADUATE MANAGEMENT ADMISSION COUNCIL ASIA PACIFIC CONFERENCE IS OPEN TO PROFESSIONALS FROM SCHOOLS WORLDWIDE THAT USE THE GMAT AND IS AIMED AT THOSE RESPONSIBLE FOR DECISION MAKING IN PROGRAM DIRECTION, MARKETING AND ADMISSIONS, INTERNATIONAL, CAREERS AND STUDENT SERVICES.WAYS TO MEASURE - 2011 VALUESNUMBER OF ATTENDEES - 50GRADUATE MANAGEMENT ADMISSION COUNCIL MANAGEMENT EDUCATION FOR TOMORROW (MET) FUNDGRADUATE MANAGEMENT ADMISSION COUNCIL MANAGEMENT EDUCATION FOR TOMORROW (MET) FUND FORMALIZES AND ENCHANCES THE GRADUATE MANAGEMENT ADMISSION COUNCIL'S LONG-STANDING COMMITMENT TO INVESTING (FINANCIAL AND IN-KIND) IN STRATEGIC PHILANTHROPIC INITIATIVES THAT BENEFIT ADVANCE BUSINESS AND MANAGEMENT EDUCATION GLOBALLY.THE LARGEST PROJECT, THE IDEAS TO INNOVATION CHALLENGE, ANNOUNCED THE WINNERS OF PHASE ONE, AND SCHOOLS AND OTHER NONPROFIT EDUCATION ORGANIZATIONS WERE ENCOURAGED TO SUBMIT PROPOSALS INCORPORATING ONE OR MORE OF THE 20 IDEAS CHOSEN FROM PHASE ONE. IN ADDITION, THE FUND AWARDED $250,000 TO THE PHD PROJECT, TO HELP FURTHER ITS MISSION TO PROMOTE ADDITIONAL MINORITY FACULTY IN BUSINESS SCHOOLS. 69408385 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 132 0 146 1 0 1 UK HK IN 0 0 0 0 0 0 0 0 X 16 15 0 0 1 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 1.00 X 0 0 0 ROLF D CREMER 1.00 X 0 0 0 JAMES M DANKO 1.00 X 0 0 0 DINA DOMMETT 1.00 X 0 0 0 LAWRENCE P FISHER II 2.00 X 0 0 0 WOLF H HENGST 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 DANIEL F MUZYKA 1.00 X 0 0 0 KAI PETERS 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 817394 0 226710 MARGARET JOBST 40.00 X 463334 0 58195 MARY SUSAN MOTZ 40.00 X 328489 0 48612 SHELLI H ARNOLD 40.00 X 401183 0 57394 RAMESH THADANI 40.00 X 388056 0 53802 SAMUEL REIMER 40.00 X 154739 0 25365 SHERRI SAMPSON 40.00 X 357052 0 49477 ROBERT ROSECRANS 40.00 X 386698 0 59969 LAWRENCE RUDNER 40.00 X 340719 0 57513 ASHOK SARATHY 40.00 X 240792 0 46810 AVIS BENT 40.00 X 230232 0 45741 ERNEST ANASTASIO 40.00 X 365801 0 53168 ALLEN BRANDT 40.00 X 258405 0 43374 FANMIN GUO 40.00 X 255410 0 44269 JOSE CARRERAS 40.00 X 241110 0 49986 ALAN LEVINE 0.00 X 285963 0 40303 5515377 0 960688 59 1 1 0 EAST BANC TECHNOLOGIES 3312 M ST NW WASHINGTON DC 20007 APPLICATION DEVELOPMENT 265650 CHERIE SCRICCA 9 SUMMERBROOK CIRCLE NAPA CA 94558 GROWTH STRATEGY 240000 TRUE TANDEM 11911 FREEDOM DRIVE RESTON VA 20190 CRM IMPLEMENTATION 155156 BRUNSWICK GROUP LLC 140E 45TH ST 30TH FL NEW YORK NY 10017 MARKETING COMMUNICATIONS 144000 KEISER CONSULTING LLC 121 COULTER AVENUE SUITE 200 ARDMORE PA 19003 DOCUMENTATION REVIEWS 135050 7 TEST OPERATIONS 900099 84072056 84072056 SCHOOL PRODUCTS 900099 3889701 3889701 PROFESSIONAL DEVELOPME 900099 559062 559062 88520819 50987 50987 11275761 8655293 2620468 2620468 2620468 1686562 138516 1548046 1548046 MISCELLANEOUS REVENUE 900099 3852 3852 3852 92744172 90068865 0 2675307 485301 485301 306500 306500 84849 84849 4562303 2465882 2096421 326266 65253 261013 14277128 8003578 6273550 910462 529504 380958 1940292 929121 1011171 1035788 621144 414644 591995 98030 493965 696271 696271 410307 285715 124592 133045 133045 558765 558765 9566357 4411078 5155279 2529726 2489319 40407 2336790 1638836 697954 1137484 129010 1008474 1610930 1040677 570253 3707975 2685684 1022291 1281721 696909 584812 249181 207 248974 TEST OPERATIONS 41353048 41353048 OTHER EMPLOYEE COSTS 698082 279770 418312 TEST DEVELOPMENT 538766 538766 STAFF TRAINING 285543 169833 115710 208090 100371 107719 91822965 69408385 22414580 0 7370353 6563240 1325481 1279261 30708 20513 711695 631000 12366801 3056847 9930091 9309954 110879324 107816992 23102928 25106769 153350580 150727729 10743933 10446574 7999132 9025750 12516345 10362195 31259410 29834519 X 122091170 120893210 122091170 120893210 153350580 150727729 X 921207 -2119167 X X 0 1 1 X 0 X 79328793 88015607 88050589 86711862 90207381 432314232 79328793 88015607 88050589 86711862 90207381 432314232 0 4847019 5242024 3774986 4438512 5232703 23535244 4847019 5242024 3774986 4438512 5232703 23535244 408778988 4244065 2823564 691485 19630 50987 7829731 4244065 2823564 691485 19630 50987 7829731 2000 43447 16096 167954 3852 233349 83574858 90882618 88758170 86899446 90262220 440377312 0.92820 0.91920 0.01780 0.02790 X 133045 133045 91689920 91822965 1000000 250000 0 0 1000000 1000000 1500000 133045 133045 250000 250000 375000 6938668 626547 6312121 3587226 2043853 1543373 1840907 386447 1454460 9309954 TEST ITEM DEVELOPMENT COSTS 24521592 TRANSITION COST 522219 OTHER ASSETS 62958 25106769 DUE FROM TEST PROVIDER -484889 DEFERRED LEASE ABATEMENT 10116328 DUE TO RELATED PARTY 730756 10362195 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2008 TO 2010 ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, LOCAL AND FOREIGN AUTHORITIES. 0 EUROPE/MIDDLE EAST/AFRICA 1 7 PROGRAM SERVICES PROVIDE THE PROMOTION OF THE GMAT EXAM, AS WELL AS OTHER PRODUCTS AND SERVICES OF GMAC US 2867866 ASIA PACIFIC REGION (HONG KONG OFFICE) 1 2 PROGRAM SERVICES PROVIDE THE PROMOTION OF THE GMAT EXAM, AS WELL AS OTHER PRODUCTS AND SERVICES OF GMAC US 746121 ASIA PACIFIC REGION (INDIA OFFICE) 1 4 PROGRAM SERVICES PROVIDE THE PROMOTION OF THE GMAT EXAM, AS WELL AS OTHER PRODUCTS AND SERVICES OF GMAC US 817232 3 13 0 0 3 13 4431219 0 4431219 X EUROPE INNOVATION IN BUSINESS SCHOOLS 15000 WIRE TRANSFER BOOK MIDDLE EAST & NORTH AFRICA CO-SPONSORED STUDENT AND FACULTY OUTREACH EVENTS IN MOROCCO 6000 WIRE TRANSFER BOOK EUROPE BUSINESS EDUCATION MEDIA CONFERENCE SPONSORSHIP IN HK AND SAO PAULO 9176 WIRE TRANSFER BOOK EUROPE MANAGEMENT EDUCATION AND CAREERS - A HUMAN CAPITAL EXPLORATION. 14673 WIRE TRANSFER BOOK TO GENERATE IDEAS TO IMPROVE GRADUATE MANAGEMENT EDUCATION EAST ASIA & THE PACIFIC 2 20000 WIRE TRANSFER BOOK TO GENERATE IDEAS TO IMPROVE GRADUATE MANAGEMENT EDUCATION EUROPE 1 10000 WIRE TRANSFER BOOK TO GENERATE IDEAS TO IMPROVE GRADUATE MANAGEMENT EDUCATION MIDDLE EAST & NORTH AFRICA 1 10000 WIRE TRANSFER BOOK 0 0 1 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 AACSB INTERNATIONAL PO BOX 116201 ATLANTA GA 303686201 436036286 501 C3 10500 BOOK VALUE TO GENERATE AWARENESS OF GMAC VIA DATABASES, ONLINE TOOLS AND DIRECTORIES. ASSOCIATION OF TEST PUBLISHERS 2995 ROUND HILL ROAD YORK PA 17402 363918100 501 C3 16848 BOOK VALUE PROMOTE AND ADVANCE INTEGRITY OF ASSESSMENT SERVICES AND PRODUCTS BETA GAMMA SIGMA 125 WELDON PARKWAY MARYLAND HEIGHTS MO 630433101 431322067 501 C3 20000 BOOK VALUE SPONSORSHIP TO ENCOURAGE AND HONOR ACADEMIC ACHIEVEMENT IN THE STUDY OF BUSINESS FORTE FOUNDATION 9600 ESCARPMENT 745 PMB 72 AUSTIN TX 78749 611457145 501 C3 40000 BOOK VALUE SPONSOR UNDERGRADUATE OUTREACH THE PHD PROJECT ASSOCIATION THREE CHESTNUT RIDGE ROAD MONTVALE NJ 07645 202610773 501 C3 250000 BOOK VALUE HELPS AFRICAN-AMERICANS, HISPANIC-AMERICANS AND NATIVE AMERICANS ATTAIN BUSINESS PHDS TO BECOME BUSINESS PROFESSORS AND MENTOR THE NEXT GENERATION CALIFORNIA STATE UNIVERSITY FULLERTON 2600 NUTWOOD AVENUE SUITE 275 FULLERTON CA 92831 952081258 501 C3 25000 BOOK VALUE RESEARCH ON MANAGERIAL INTERPERSONAL SKILLS DEVELOPMENT & VALIDATION OF A MULTI-DIMENSIONAL, MULTI-METHOD MEASURE. DEPAUL UNIVERSITY 1 EAST JACKSON BLVD SUITE 7000 CHICAGO IL 60604 362167048 501 C3 20000 BOOK VALUE RESEARCH ON QUANTIFYING ACADEMIC QUALITY ESTABLISHING PROGRAM-LEVEL CRITERIA IN GRADUATE MANAGEMENT EDUCATION INDIANA UNIVERSITY 107 SOUTH INDIANA AVENUE BLOOMINGTON IN 474057000 356001673 501 C3 18750 BOOK VALUE RESEARCH ON CAREER ATTAINMENT AND SATISFACTION OF HIGH POTENTIAL GRADUATES UNIVERSITY OF ILLINOIS UNIVERSITY OF ILLINOIS GRANTS CONTRACTS PO BOX 20787 SPRINGFIELD IL 62708 376000511 501 C3 14203 BOOK VALUE RESEARCH ON THE ROLE OF THE MBA DEGREE IN MITIGATING THE EFFECTS OF MANAGERIAL STEREOTYPING ON CAREER OUTCOMES ILLINOIS INSTITUTE OF TECHNOLOGY 3300 S FEDERAL STREET MAIN BLDG ROOM 301 CHICAGO IL 60616 501 C3 15000 BOOK VALUE IDIOSYNCRATIC DEALS IN THE WORKPLACE AND EMPLOYEES' CAREER OUTCOMES: THE ROLE OF AN MBA DEGREE FOUNDATION FOR THE GLOBAL COMPACT PO BOX 4058 GRAND CENTRAL STATION NEW YORK NY 10163 161756484 501 C3 25000 BOOK VALUE CORPORATE CHANGE AND INNOVATION AROUND ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES JUNIOR ACHIEVEMENT 1725 I STREET NW WASHINGTON DC 20006 501 C3 10000 BOOK VALUE EDUCATING STUDENTS ABOUT WORKFORCE READINESS, ENTREPRENEURSHIP AND FINANCIAL LITERACY THROUGH EXPERIMENTAL, HANDS-ON PROGRAMS SISTEMA UNIVERSITARIO ANA G MENDEZ ESCUELA DE ADMIN DE EMPRESAS 1399 AVE ANA G MENDEZ SAN JUAN PR 009262602 660201206 501 C3 10000 BOOK VALUE DEDICATION TO TEACHING AND RESEARCHING IN MANAGEMENT. WYNNE COMMUNICATIONS 305 AVENUE G REDWOOD BEACH CA 90277 10000 BOOK VALUE BUSINESS ACCESS MEDIA SPONSORSHIP EVENT TO NETWORK WITH MBA PROGRAMS AROUND THE WORLD 13 1 TO GENERATE IDEAS TO IMPROVE GRADUATE MANAGEMENT EDUCATION 13 212500 BOOK VALUE INNOVATION IN BUSINESS SCHOOLS 3 55000 BOOK VALUE ALIGNING SHIFTING INTERNATIONAL VALUES AND THE MANAGEMENT CURRICULUM. 1 23000 BOOK VALUE PRIMING THE PIPELINE: EXPLORING DIVERSITY CLIMATE AS AN ANTECEDENT TO GRADUATE STUDENT SUCCESS 1 16000 BOOK VALUE PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRADUATE MANAGEMENT ADMISSION COUNCIL 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 475000 0 336000 0 6394 0 194500 0 32210 0 1044104 0 0 0 MARGARET JOBST 336469 0 126865 0 0 0 24500 0 33695 0 521529 0 0 0 MARY SUSAN MOTZ 238791 0 89698 0 0 0 23760 0 24852 0 377101 0 0 0 SHELLI H ARNOLD 295462 0 105721 0 0 0 24500 0 32894 0 458577 0 0 0 RAMESH THADANI 282720 0 105336 0 0 0 24500 0 29302 0 441858 0 0 0 SAMUEL REIMER 44739 0 110000 0 0 0 17719 0 7646 0 180104 0 0 0 SHERRI SAMPSON 259331 0 97721 0 0 0 17150 0 32327 0 406529 0 0 0 ROBERT ROSECRANS 280977 0 105721 0 0 0 24500 0 35469 0 446667 0 0 0 LAWRENCE RUDNER 251021 0 89698 0 0 0 24403 0 33110 0 398232 0 0 0 ASHOK SARATHY 177359 0 63433 0 0 0 17719 0 29091 0 287602 0 0 0 AVIS BENT 166799 0 63433 0 0 0 16803 0 28938 0 275973 0 0 0 ERNEST ANASTASIO 265847 0 99954 0 0 0 23888 0 29280 0 418969 0 0 0 ALLEN BRANDT 169386 0 89019 0 0 0 16989 0 26385 0 301779 0 0 0 FANMIN GUO 185979 0 69431 0 0 0 18391 0 25878 0 299679 0 0 0 JOSE CARRERAS 177677 0 63433 0 0 0 17719 0 32267 0 291096 0 0 0 ALAN LEVINE 180626 0 105337 0 0 0 18391 0 21912 0 326266 0 0 0 PART I, LINE 1A -ACCORDING TO GRADUATE MANAGEMENT ADMISSION COUNCIL TRAVEL POLICY FOR VICE PRESIDENTS AND ABOVE, THE COUNCIL 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, THE COUNCIL 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 - IN 2011, THE COMPENSATION INCLUDED AN ACCRUAL OF $170,000 FOR DEFERRED COMPENSATION EARNED BY ITS CEO. THAT AMOUNT WAS NOT PAID IN 2011, AND THE CEO WILL NOT VEST IN THE PLAN UNTIL JANUARY 2012. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS AMENDED JUNE 22, 2011 TO INCLUDE CEO AS EX OFFICIO BOARD MEMBER; EXTEND DIRECTOR TERMS TO 4 YEARS; COMBINED SEPARATE AUDIT AND FINANCE COMMITTEES INTO ONE AUDIT COMMITTEE 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 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 EACH WERE 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 GRADUATE MANAGEMENT ADMISSION COUNCIL 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 PROFESSIONAL STANDARDS COMMITTEE IS RESPONSIBLE FOR REVIEWING AND DETERMINING WHETHER A CONFLICT EXISTS. THIS COMMITTEE MAKES A RECOMMENDATION TO THE BOARD CONCERNING 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 GRADUATE MANAGEMENT ADMISSION COUNCIL 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, GRADUATE MANAGEMENT ADMISSION COUNCIL 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 2010. FORM 990, PART VI, SECTION C, LINE 19 GRADUATE MANAGEMENT ADMISSION COUNCIL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,175,022. GRADUATE MANAGEMENT GLOBAL CONNECTION (GMGC) 2 MONTHS ACTIVITY -944,145. TOTAL TO FORM 990, PART XI, LINE 5: -2,119,167. FORM 990, PART XI, LINE 2C: THE ORGANIZATION DID NOT CHANGE THEIR OVERSIGHT OF THE AUDIT OF ITS FINANCIALS STATEMENTS OR THE SELECTION OF AN INDEPENDENT AUDITOR. FORM 8858 ATTACHMENT - GRADUATE MANAGEMENT ADMISSION COUNCIL 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 32494 231014 GRADUATE MANAGEMENT ADMISSION COUNCIL GRADUATE MANAGEMENT ADMISSION COUNCIL INDIA PRIVATE LTD VATIKA BUSINESS CENTRE 3RD FL VAT GURGAON IN CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS IN 0 159614 GRADUATE MANAGEMENT ADMISSION COUNCIL GRADUATE MANAGEMENT GLOBAL CONNECTION 85 TOTTENHAM COURT ROAD LONDON UK 237084339 CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS UK 16617 -45829 GRADUATE MANAGEMENT ADMISSION COUNCIL GRADUATE MANAGEMENT GLOBAL CONNECTION 85 TOTTENHAM COURT ROAD LONDON LONDON UK 237084339 CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS UK GRADUATE MANAGEMENT ADMISSION COUNCIL C 16617 714585 1.00000 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 GRADUATE MANAGEMENT GLOBAL CONNECTION L 2867866 BOOK VALUE PART I GRADUATE MANAGEMENT GLOBAL CONNECTION BECAME A DISREGARDED ENTITY EFFECT 3/1/11.