2011-11-10T19:23:23-06:00 2010-12-31 LARSONALLEN LLP 2900 SOUTH QUINCY ST SUITE 150 ARLINGTON VA 22206 990 2010-01-01 237084339 GRADUATE MANAGEMENT ADMISSION COUNCIL GRAD 7036689600 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 SHELLI ARNOLD 7037490131 2011-11-03 1 7039985100 2010 2016-03-07 17:11:31Z DAVID A WILSON 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 104323434 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 16 139 16 0 0 0 0 86000428 85054459 -3093127 870868 2057814 1780000 84965115 87705327 1019632 955264 0 0 19497729 20544062 0 0 0 61401119 69976710 81918480 91476036 3046635 -3770709 143217420 153350580 29237224 31259410 113980196 122091170 X 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. 0 0 43286148 16314 81404356 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 5,000 GRADUATE MANAGEMENT PROGRAMS AT 1,900 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 - 2010 VALUESTEST REGISTRATIONS - 293,006TESTS TAKEN - 262,135SCORE REPORTS SENT - 840,569NUMBER OF TEST CENTERS AS OF DEC 31, 2010, (ESTIMATED):NORTH AMERICA - 336ASIA PACIFIC - 75EUROPE, MIDDLE EAST, AFRICA - 112LATIN AMERICA - 32NUMBER OF ACTIVE PROGRAMS ACCEPTING THE GMAT AS OF DEC 31, 2010:NORTH AMERICA - 3,729ASIA PACIFIC - 408EUROPE, MIDDLE EAST, AFRICA - 782LATIN AMERICA - 46 3580562 RESEARCH - GRADUATE MANAGEMENT ADMISSION COUNCIL 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 - 2010 VALUESNUMBER OF SURVEY REPORTS CREATED - 12 MAJOR REPORT, 50 PRESENTATIONS, 860 BENCHMARK REPORTSNUMBER OF ENTITIES SURVEYED - 38,000 RESPONDENTSNUMBER OF AD HOC REQUESTS ANSWERED - 90 CUSTOM DATA ANALYSESGMAT 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 - 2010 VALUESNUMBER OF VALIDITY STUDIES DONE - 8 20583271 938952 5262149 OTHER EDUCATIONAL SERVICES - SERVICES FOR STUDENTS:GRADUATE MANAGEEMENT ADMISSION COUNCIL 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. 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 - 2010 VALUESWEBSITE VISITS FOR MBA.COM - 6,971,562NUMBER OF DOWNLOADS OF FREE TEST PREP SOFTWARE - 387,608SERVICES 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 - 2010 VALUESMEDIA IMPRESSIONS - 544.5 MILLIONWEBSITE VISITS FOR GMAC.COM - 3,840,882THE 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 - 2010 VALUESNUMBER OF SEARCHES DONE - 14,087GMASS SUBSCRIPTION YEAR 2009 - 2010(SEPTEMBER 2009 - AUGUST 2010)THE MBA PATHFINDER DATA WAREHOUSE CAPTURES BUSINESS SCHOOL ADMISSIONS, ENROLLMENT, AND EMPLOYMENT INFORMATION IN ONE PLACE. THIS DATA, DEFINED BY THE MBA REPORTING CRITERIA IS THE DEFINITIVE 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 - 2010 VALUESNUMBER OF SEARCHES DONE - 428,820NUMBER OF PARTICIPATING SCHOOLS - 241NUMBER OF PARTICIPATING PROGRAMS ESTIMATED - 1,016GRADUATE MANAGEMENT ADMISSION COUNCIL MEMBER DIRECTORY: THE ONLINE DIRECTORY OF MEMBER SCHOOLS' STAFF SUPPORTS THE COMMUNITY OF GRADUATE MANAGEMENT EDUCATION PROFESSIONALS (AVAILABLE ONLY TO MEMBER SCHOOLS).WAYS TO MEASURE - 2010 VALUESNUMBER OF DIRECTORIES DISTRIBUTED - NOT PUBLISHED IN 2010JOB 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 - 2010 VALUESNUMBER OF JOB POSTINGS - 183GRADUATE MANAGEMENT NEWS AND DEANS DIGEST: FREE ONLINE NEWSLETTERS, PUBLISHED IN ALTERNATING MONTHS, TO KEEP SCHOOLS UP TO DATE ON TRENDS AND PROVIDES FEATURE ARTICLES ON HOT TOPICS IN THE BUSINESS SCHOOL COMMUNITY.WAYS TO MEASURE - 2010 VALUESCIRCULATION NUMBER FOR GM NEWS - 22,800CIRCULATION NUMBER FOR DEANS DIGEST - 360MBA LEADERSHIP CONFERENCE: THIS EXCLUSIVE ANNUAL EVENT, GENERALLY HELD IN THE EARLY WINTER, IS OPEN TO ACADEMIC AND ADMINISTRATIVE MBA PROGRAM DIRECTORS - ATTENDANCE IS LIMITED TO ENSURE A FOCUSED AND DRIVEN PROGRAM.WAYS TO MEASURE - 2010 VALUESNUMBER OF ATTENDEES - 119THE 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 - 2010 VALUESNUMBER OF ATTENDEES - 533THE PROFESSIONAL DEVELOPMENT PROGRAM, 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 - 2010 VALUESNUMBER OF ATTENDEES - 60THE 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 - 2010 VALUESNUMBER OF ATTENDEES - 43THE 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 - 2010 VALUESNUMBER OF ATTENDEES - 36GRADUATE 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 AND ADVANCE BUSINESS AND MANAGEMENT EDUCATION GLOBALLY.FOR THE I2I CHALLENGE: GRADUATE MANAGEMENT ADMISSION COUNCIL RECEIVED MORE THAN 650 IDEAS TO IMPROVE GRADUATE MANAGEMENT FROM 60 COUNTRIES. AFTER 3 ROUNDS OF BLIND JUDGING, 20 IDEAS WERE CHOSEN TO RECEIVE AN AWARD, WHOSE RECIPIENTS RECEIVED A TOTAL OF $262,500. 67449981 1 0 0 1 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 1 1 1 0 0 1 103 0 1 139 1 0 1 UK 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X X SHELLI ARNOLD CHIEF OPERATING OFFICER 7036689600 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 MARCIA K ARMSTRONG UNTIL 062010 1.00 X 0 0 0 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 ROSEMARIE MECCA 2.00 X 0 0 0 DANIEL F MUZYKA 1.00 X 0 0 0 KAI PETERS CHAIR 2.00 X 0 0 0 ALFONS SAUQUET 1.00 X 0 0 0 BERNARD YEUNG 1.00 X 0 0 0 CHERIE A SCRICCA UNTIL 062010 1.00 X 0 0 0 ALEXANDRER D SEVILLA 2.00 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 793713 0 239995 ALAN LEVINE 40.00 X 397611 0 43416 MARGARET JOBST 40.00 X 444518 0 46281 MARY SUSAN MOTZ 40.00 X 321191 0 38438 SHELLI H ARNOLD 40.00 X 372822 0 46381 RAMESH THADANI 40.00 X 378801 0 43191 SHERRI SAMPSON 40.00 X 349371 0 39103 ROBERT ROSECRANS 40.00 X 372577 0 48776 LAWRENCE RUDNER 40.00 X 318962 0 46306 AVIS BENT 40.00 X 225088 0 36903 ASHOK SARATHY 40.00 X 225089 0 36903 JOSE CARRERAS 40.00 X 227163 0 32814 ERNEST ANASTASIO 40.00 X 358847 0 43492 ALLEN BRANDT 40.00 X 203855 0 32727 ROBIN EVERETT 40.00 X 184591 0 40953 FANMIN GUO 40.00 X 200773 0 33973 NICOLE CHESTANG 0.00 X 400000 0 0 JUDITH PHAIR-KING UNTIL 03012010 0.00 X 281243 0 7381 6056215 0 857033 57 1 1 0 KEISER CONSULTING LLC 433 BERKLEY ROAD HAVEFORD PA 19041 MANAGEMENT CONSULTING FOR ADA 106550 1 TEST OPERATIONS 900099 81404356 81404356 SCHOOL PRODUCTS 900099 3153498 3153498 PROFESSIONAL DEVELOPME 900099 496605 496605 85054459 19630 19630 12916236 4507752 10676141 5896609 2240095 -1388857 851238 851238 1657403 45357 1612046 1612046 MISCELLANEOUS REVENUE 900099 167954 167954 167954 87705327 86666505 0 1038822 790192 790192 87000 87000 78072 78072 4865436 2415711 2449725 688624 688624 11489857 5699071 5790786 703875 380076 323799 1850464 905903 944561 945806 481784 464022 1207808 3414 1204394 181159 100090 81069 532532 532532 8497752 3978361 4519391 1259287 502575 756712 6658292 3508141 3150151 2810936 1949620 861316 1060681 557307 503374 TEST OPERATIONS 37846368 37846368 OTHER EXPENSES 6474902 4133877 2341025 INTERCO COMMISSION EXP 2603286 2603286 TEST DEVELOPMENT 662569 662569 STAFF TRAINING 181138 77940 103198 91476036 67449981 24026055 0 8992420 7370353 4492236 1325481 73246 30708 821980 711695 11741709 1811618 2306574 9930091 104410566 110879324 22120398 23102928 143217420 153350580 6980009 10743933 8293058 7999132 13964157 12516345 29237224 31259410 X 113980196 122091170 113980196 122091170 143217420 153350580 X -3770709 11881683 X 0 1 1 X 0 X 67417589 79328793 88015607 88050589 86711862 409524440 67417589 79328793 88015607 88050589 86711862 409524440 0 3765432 4847019 5242024 3774986 4438512 22067973 3765432 4847019 5242024 3774986 4438512 22067973 387456467 3994901 4244065 2823564 691485 19630 11773645 3994901 4244065 2823564 691485 19630 11773645 2000 43447 16096 167954 229497 71412490 83574858 90882618 88758170 86899446 421527582 0.91920 0.91390 0.02790 0.03680 X 0 0 0 0 0 0 1 40000 0 0 40000 0 6788835 203135 6585700 3111967 1483766 1628201 1840907 124717 1716190 9930091 TEST ITEM DEVELOPMENT COSTS 22015523 TRANSITION COST 1044439 OTHER ASSETS 42966 23102928 DUE TO TEST PROVIDER 4080168 DEFERRED LEASE ABATEMENT 8092032 DUE TO RELATED PARTY 344145 12516345 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 ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. THE COUNCIL 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 2007 TO 2009 ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, LOCAL AND FOREIGN AUTHORITIES. 0 EUROPE/MIDDLE EAST/AFRICA 1 7 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE 2603286 7 0 7 2603286 0 2603286 EAST ASIA AND THE PACIFIC MANAGEMENT EDUCATION AND CAREERS - A HUMAN CAPITAL EXPLORATION. 15067 WIRE TRANSFER BOOK EUROPE (INCLUDING ICELAND & GREENLAND) MANAGEMENT EDUCATION AND CAREERS - A HUMAN CAPITAL EXPLORATION. 50505 WIRE TRANSFER BOOK NORTH AMERICA TO PROMOTE QUALITY IN MANAGEMENT EDUCATION AND THE PROFESSIONAL DEVELOPMENT OF BUSINESS SCHOOL ADMINISTRATORS 5000 CHECK BOOK SOUTH AMERICA TO OFFER DOCTORAL STUDENTS THE OPPORTUNITY TO SHARE AND DISCUSS THEIR DOCTORAL RESEARCH PAPERS WITH A PANEL OF PRESTIGIOUS INTERNATIONALLY RENOWNED EXPERTS 7500 WIRE TRANSFER BOOK 4 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 20000 SPONSOR ADVANCEMENT IN MANAGEMENT EDUCATION AACSB INTERNATIONAL PO BOX 116201 ATLANTA GA 303686201 436036286 501 C3 66500 SPONSOR CONFERENCE TO ADVANCE MANAGEMENT EDUCATION ASSOCIATION OF TEST PUBLISHERS 601 PENNSYLVANIA AVENUE NW SOUTH BUILDING SUITE 900 WASHINGTON DC 20004 363918100 501 C3 10000 SPONSOR INNOVATIONS IN TESTING BETA GAMMA SIGMA 125 WELDON PARKWAY MARYLAND HEIGHTS MO 630433101 431322067 501 C3 20000 SPONSORSHIP TO ENCOURAGE AND HONOR ACADEMIC ACHIEVEMENT IN THE STUDY OF BUSINESS COLLEGE HORIZONS PO BOX 1262 PENA BLANCA NM 87041 201730126 501 C3 5150 SPONSOR STUDENT AID TO PRE-COLLEGE NATIVE AMERICAN HIGH SCHOOL STUDENTS TO ASSIST IN LEARNING ABOUT COLLEGES AND APPLYING TO THEM EXECUTIVE MBA COUNCIL ONE UNIVERSITY DRIVE BECKMAN HALL BK-308A ORANGE CA 92866 943095701 501 C3 35000 SPONSORSHIP TO CONNECT EXECUTIVE MBA STUDENTS AROUND THE WORLD AND ADVANCE EDUCATION FOR MARKETING AND ADMISSIONS PROGRAM FORTE FOUNDATION 9600 ESCARPMENT 745 PMB 72 AUSTIN TX 78749 611457145 501 C3 50000 SPONSOR UNDERGRADUATE OUTREACH THROUGH CAREER LABS AND VIRTUAL CAMPUS GOIZUETA BUSINESS SCHOOL EMORY UNIVERSITY 1300 CLIFTON ROAD SUITE W470 ATLANTA GA 30322 580566256 501 C3 10000 SPONSOR FOCUS GROUP AND SURVEYING RESEARCH AT UNDEGRADUATE BUSINESS SCHOOL EVENT GOLDEN KEY INTERNATIONAL HONOUR SOCIETY 1040 CROWN POINTE PARKWAY SUITE 900 900 ATLANTA GA 30338 581306896 501 C3 25000 CORPORATE SPONSORSHIP RECOGNIZING OUTSTANDING ACADEMIC ACHIEVEMENT AND CONNECTING HIGH-ACHIEVING INDIVIDUALS GRADUATE BUSINESS STUDENT SER ASSOC 321 19TH AVENUE SOUTH 1-110 CARLSON SCHOOL OF MANAGEMENT MINNEAPOLIS MN 55455 860196696 501 C3 10000 SPONSOR CONFERENCE TO PROMOTE TEAMWORK, LEADERSHIP, SKILLS TO HELP STUDENT SERVICE PROFESSIONALS TO PROMOTE VISION AND MISSION OF THEIR SCHOOL MIDDLE ATLANTIC ASSOC OF COLLEGES 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 232697285 501 C3 5000 SPONSOR ANNUAL CONFERENCE TO PROMOTE AND IMPROVE COLLEGIATE EDUCATION FOR BUSINESS IN ALL AREAS WITHIN THE JURISDICTION OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SECONDARY SCHOOLS NCS PEARSON INC 501 BOYLSTON STREET SUITE 900 BOSTON MA 02116 410850527 25000 SPONSOR THE PROMOTION OF INTERNATIONAL EDUCATION AND PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES IN THE FIELD ORGANIZATIONAL BEHAVIOR TEACHING SOCIETY MARIST COLLEGE SCHOOL OF MANAGEMENT 3399 NORT ROAD POUGHKEEPSIE NY 12601 942567084 501 C3 5000 TO SPONSOR THE TEACHING SOCIETY FOR MANAGEMENT EDUCATORS' DOCTORAL INSTITUTE THE PHD PROJECT ASSOCIATION THREE CHESTNUT RIDGE ROAD MONTVALE NJ 07645 202610773 501 C3 250000 TO SPONSOR THE PROMOTION OF DIVERSITY IN CORPORATE AMERICA FOR SPECIFIC MINORITIES WYNNE COMMUNICATIONS 305 AVENUE G REDWOOD BEACH CA 90277 954844451 5000 SPONSOR BUSINESS ACCESS MEDIA LUNCHEON SO THAT BUSINESS SCHOOL PR DIRECTORS AND FINANCIAL MEDIA CAN NETWORK. ASSOCIATION OF TEST PUBLISHERS 601 PENNSYLVANIA AVENUE NW SOUTH BUILDING SUITE 900 WASHINGTON DC 20004 363918100 501 C3 6312 PROMOTE AND PRESERVE THE GENERAL WELFARE OF TESTING AND ITS VALUE TO SOCIETY CALIFORNIA STATE UNIVERSITY FULLERTON 2600 NUTWOOD AVENUE SUITE 275 FULLERTON CA 92831 952081258 501 C3 75000 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 60000 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 56650 RESEARCH ON CAREER ATTAINMENT AND SATISFACTION OF HIGH POTENTIAL GRADUATES THE RESEARCH FOUNDATION OF CUNY 230 WEST 41ST STREET 7TH FLOOR NEW YORK NY 10036 131988190 501 C3 25000 RESEARCH ON IMPROVING GRADUATE BUSINESS SCHOOL ADMISSIONS SUPPLEMENTING THE GMAT WITH ALTERNATIVE PREDICTORS UNIVERSITY OF ILLINOIS UNIVERSITY OF ILLINOIS GRANTS CONTRACTS PO BOX 20787 SPRINGFIELD IL 627084610 376000511 501 C3 6830 RESEARCH ON THE ROLE OF THE MBA DEGREE IN MITIGATING THE EFFECTS OF MANAGERIAL STEREOTYPING ON CAREER OUTCOMES THE UNIVERSITY OF IOWA 2 GILMORE HALL 52242 JACKSON BLVD SUITE 700 IOWA CITY IA 52242 426004813 501 C3 18750 AN EXAMINATION OF CONTENT & PROCESS IN THE MANAGEMENT CLASSROOMS OF AACSB-ACCREDITED MBA PROGRAMS 20 2 RESEARCH OF THE DESIGN OF ONLINE AND BLENDED MBA COURSES 1 12500 BOOK VALUE RESEARCH ON PREDICTING APPLIED MANAGEMENT KNOWLEDGE AMONG US MBA STUDENTS 1 15000 BOOK VALUE RESEARCH ON INFLATED CANDIDATES: ATTRIBUTION ERRORS IN GRADUATION ADMISSION DECISIONS 1 20000 BOOK VALUE RESAERCH ON BECOMING AN ENTREPRENEUR: AFRICAN AMERICAN BUSINESS OWNERS 1 5000 BOOK VALUE RESEARCH ON ALIGNING SHIFTING INTERNATIONAL VALUES AND THE MANAGEMENT CURRICULUM. 1 34500 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 1 0 0 0 0 0 0 0 0 DAVID A WILSON 475000 0 310190 0 8523 0 224500 0 15495 0 1033708 0 0 0 ALAN LEVINE 281597 0 116014 0 0 0 24500 0 18916 0 441027 0 0 0 MARGARET JOBST 329099 0 115419 0 0 0 24500 0 21781 0 490799 0 0 0 MARY SUSAN MOTZ 234433 0 86758 0 0 0 23332 0 15106 0 359629 0 0 0 SHELLI H ARNOLD 276416 0 96406 0 0 0 24500 0 21881 0 419203 0 0 0 RAMESH THADANI 276917 0 101884 0 0 0 24500 0 18691 0 421992 0 0 0 SHERRI SAMPSON 254853 0 94518 0 0 0 17150 0 21953 0 388474 0 0 0 ROBERT ROSECRANS 276271 0 96306 0 0 0 24500 0 24276 0 421353 0 0 0 LAWRENCE RUDNER 232204 0 86758 0 0 0 23332 0 22974 0 365268 0 0 0 AVIS BENT 163734 0 61354 0 0 0 16500 0 20403 0 261991 0 0 0 ASHOK SARATHY 163735 0 61354 0 0 0 16500 0 20403 0 261992 0 0 0 JOSE CARRERAS 165809 0 61354 0 0 0 16500 0 16314 0 259977 0 0 0 ERNEST ANASTASIO 262169 0 96678 0 0 0 24500 0 18992 0 402339 0 0 0 ALLEN BRANDT 160696 0 43159 0 0 0 15937 0 16790 0 236582 0 0 0 ROBIN EVERETT 162463 0 22128 0 0 0 16782 0 24171 0 225544 0 0 0 FANMIN GUO 178399 0 22374 0 0 0 17436 0 16537 0 234746 0 0 0 NICOLE CHESTANG 0 0 0 0 400000 0 0 0 0 0 400000 0 0 0 JUDITH PHAIR-KING UNTIL 03012010 35854 0 79061 0 166328 0 3544 0 3837 0 288624 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. PART I, LINE 4A NICOLE CHESTANG - $400,000 JUDITH PHAIR-KING - $281,243 -THE SEVERANCE PAYMENT WAS FOR A SEPARATION FROM SERVICE. SUPPLEMENTAL INFORMATION PART III PART II - IN 2010, THE COMPENSATION INCLUDED AN ACCRUAL OF $170,000 FOR DEFERRED COMPENSATION EARNED BY ITS CEO. THAT AMOUNT WAS NOT PAID IN 2010, AND THE CEO WILL NOT VEST IN THE PLAN UNTIL JANUARY 2012. 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 15A 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 THE RULES OF IRC SECTION 4958. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE COMPENSATION DATA FOR ALL OFFICERS 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. FINANCIAL STATEMENTS ARE GENERALLY INCLUDED IN THE ANNUAL REPORT. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 11,895,029. RECONCILIATION -13,346. TOTAL TO FORM 990, PART XI, LINE 5: 11,881,683. GRADUATE MANAGEMENT ADMISSION COUNCIL HONG KONG LIMITED 2601 GOLDEN CENTRE 188 DES VOEUX CENTRAL HK CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS HK 63102 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 69739 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 21448 608320 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 2512399 BOOK VALUE