GRADUATE MANAGEMENT ADMISSION COUNCIL: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- GRADUATE MANAGEMENT ADMISSION COUNCIL (EIN 23-7084339)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-15
- IRS object ID
- 201923199349311182
- Schema version
- 2018v3.1
- 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) |
|---|---|---|
| Return | 2019-11-15T13:12:43-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 901 N GLEBE ROAD SUITE 200 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237084339 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRADUATE MANAGEMENT ADMISSION COUNCIL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAD | BusinessNameControlTxt |
| Phone | 7036689600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE NO 300 | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BEKI BAHAR-ENGLER | PersonNm |
| Person Title | CHIEF ADMINISTRATIVE OFFICER | PersonTitleTxt |
| Phone | 7036689600 | PhoneNum |
| Signature | 2019-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KAREN GRIES | PreparerPersonNm |
| PTIN | P00078514 | PTIN |
| Phone | 5712279500 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.137.57.251 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-11-13 | IPDt |
| IP Tm | 10:51:28 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 0514B758026FFB4303D1E4DFF3C58ED2768E19CE | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 39A38752E48E75A0874353861A054000DD5125B5 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SANGEET CHOWFLA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE NO 300 | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $129,247,146 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GMAC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 135 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $90,832,328 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $89,927,147 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,230,822 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,788,237 | CYInvestmentIncomeAmt |
| PY Other Revenue | $301,109 | PYOtherRevenueAmt |
| CY Other Revenue | $243,736 | CYOtherRevenueAmt |
| PY Total Revenue | $97,364,259 | PYTotalRevenueAmt |
| CY Total Revenue | $96,959,120 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $740,241 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $818,873 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $24,738,849 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $27,161,068 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $68,262,534 | PYOtherExpensesAmt |
| CY Other Expenses | $67,393,839 | CYOtherExpensesAmt |
| PY Total Expenses | $93,741,624 | PYTotalExpensesAmt |
| CY Total Expenses | $95,373,780 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,622,635 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,585,340 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $199,717,784 | TotalAssetsBOYAmt |
| Total Assets EOY | $191,024,106 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $28,446,183 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $26,694,064 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $171,271,601 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $164,330,042 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | OUR MISSION IS TO PROVIDE THE SOLUTIONS NECESSARY FOR SCHOOLS AND CANDIDATES TO DISCOVER AND EVALUATE EACH OTHER SO THAT TALENT NEVER GOES UNDISCOVERED. WE BELIEVE THE VALUES OF COURAGE, CREATIVITY, LISTENING, COLLABORATION AND INTEGRITY, BUILD LASTING CONNECTIONS WITHIN OUR ORGANIZATION AND THE EDUCATION COMMUNITY, BOTH TODAY AND FOR THE FUTURE. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $38,580,574 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $79,931,289 | RevenueAmt |
| Desc | TEST OPERATIONS: GRADUATE MANAGEMENT EDUCATION (GME) PROGRAMS EVALUATE GLOBAL APPLICANTS FROM DIVERSE EDUCATIONAL AND PROFESSIONAL BACKGROUNDS. THE GMAT (GRADUATE MANAGEMENT ADMISSION TEST), EA (EXECUTIVE ASSESSMENT), AND NMAT ASSESSMENTS ASSIST SCHOOLS IN EVALUATING CANDIDATE ACADEMIC SUCCESS LIKELIHOOD IN GRADUATE MANAGEMENT PROGRAMS ADMISSIONS. AS SUCH, GMAC'S PORTFOLIO OF ASSESSMENTS ARE RECOGNIZED AS THE MOST VALID PREDICTORS OF ACADEMIC SUCCESS FOR GRADUATE BUSINESS PROGRAMS, AND ENSURE NO TALENT GOES UNDISCOVERED. GMAC'S ASSESSMENTS ARE ACCEPTED AT OVER 7,100 PROGRAMS AND 2,400 SCHOOLS GLOBALLY. THE GMAT HAS BEEN TRUSTED BY SCHOOLS FOR OVER 65 YEARS AS A PROVEN AND RELIABLE MEASUREMENT IN ADMISSIONS. IN 2015, GMAC ACQUIRED THE NMAT EXAMINATION IN INDIA FROM NMIMS RENAMED THE NMAT TO NMAT BY GMAC. IN 2016, GMAC LAUNCHED EXECUTIVE ASSESSMENT (EA) FOR EXECUTIVE GRADUATE MANAGEMENT PROGRAMS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,204,141 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | RESEARCH: GMAC RESEARCH PROVIDES DATA-DRIVEN INTELLIGENCE AND QUALITY INSIGHTS ABOUT GRADUATE MANAGEMENT SCHOOL CANDIDATE TEST TAKERS, CORPORATE RECRUITING OUTLOOKS, ALUMNI PERSPECTIVES, AND GLOBAL AND REGIONAL TRENDS IN AREAS OF PROGRAMS, APPLICATIONS AND ADMISSION, DIVERSITY AND GENERATIONAL IMPACTS, STUDENT MOBILITY CHANGES, AND PSYCHOMETRIC VALIDITY. RESEARCH DIRECTLY SUPPORTS GMAC'S SCHOOL MEMBERSHIP WITH INTERACTIVE AND CUSTOM REPORTS AND PROVIDES INSIGHTS THAT ENABLE TWO-WAY DISCOVERY BETWEEN SCHOOLS AND CANDIDATES. MORE INFORMATION CAN BE SEEN AT HTTPS://WWW.GMAC.COM/MARKET-INTELLIGENCE-AND-RESEARCH. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $31,266,379 | ExpenseAmt |
| Grant | $818,873 | GrantAmt |
| Revenue | $10,112,831 | RevenueAmt |
| Desc | OTHER EDUCATIONAL SERVICES FOR SCHOOLS AND GME CANDIDATES GME CANDIDATES ARE PROVIDED A RICH GME PORTAL VIA WWW.MBA.COM, WHERE THEY CAN DISCOVER AND OBTAIN ASSISTANCE IN TEST PREPARATION, TEST REGISTRATION, AND SCHOOL SEARCH. TEST PREPARATION IS OFFERED THROUGH FREE MATERIALS AND PAID HARD COPY AND DIGITAL VERSIONS. SCHOOLS ARE PROVIDED SOLUTIONS NECESSARY FOR CANDIDATES AND SCHOOLS TO DISCOVER ONE ANOTHER WITH DATA-DRIVEN MARKETING AND CONTENT SERVICES, PROFESSIONAL LEARNING AND DEVELOPMENT FOR ADMISSIONS PROFESSIONALS, AND ADVOCACY AND CONVENING OPPORTUNITIES VIA GLOBAL EDUCATION CONFERENCES AND SEMINARS AND SCHOOL EVENTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $71,051,094 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 101 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 135 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | UK | ForeignCountryCd |
| Foreign Country | HK | ForeignCountryCd |
| Foreign Country | IN | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BEKI BAHAR-ENGLER | PersonNm |
| Phone | 7036689600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE SUITE 300 | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| KATE KLEPPER | ||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM BOULDING | ||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JIM BRADY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KENNETH FREEMAN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| NICK BARNIVILLE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARTIN BOEHM | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| TOM BUIOCCHI | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JON ERICKSON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ELLEN GLAZERMAN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LEILA GUERRA | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ERIC HIRST | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ERICA JAMES | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PETER JOHNSON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SANJIV KAPUR | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| XIONGWEN LU | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DONNA RAPACCIOLI | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PETER TUFANO | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHANIE VILLEMAGNE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SRI ZAHEER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SANGEET CHOWFLA | ||||||||
| PRESIDENT & CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | Yes (X) | $765,720 | $0 | $323,441 | ||
| JOY JACKSON JONES | ||||||||
| CHIEF PRODUCT OFFICER & GENERAL MANAGER, ASSESSM | 40.00 | Yes (X) | $433,059 | $0 | $104,815 | |||
| SHERRI SAMPSON | ||||||||
| CHIEF HR OFFICER, GENERAL COUNSEL & SECRETARY | 40.00 | Yes (X) | $469,990 | $0 | $72,357 | |||
| SAMUEL REIMER | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $473,880 | $0 | $91,263 | |||
| BETTY SU | ||||||||
| CHIEF MARKETING OFFICER | 40.00 | Yes (X) | $356,630 | $0 | $56,166 | |||
| KEVIN LEFEW PARTIAL YEAR | ||||||||
| CHIEF TECHNOLOGY OFFICER | 40.00 | Yes (X) | $58,860 | $0 | $14,600 | |||
| ASHOK SARATHY | ||||||||
| VP, PRODUCT MANAGEMENT | 40.00 | $336,195 | $0 | $70,456 | Yes (X) | |||
| SABRINA WHITE | ||||||||
| VP, AMERICAS & EUROPE | 40.00 | $338,024 | $0 | $52,172 | Yes (X) | |||
| ANDREW MARTELLI | ||||||||
| VP, PRODUCT DEVELOPMENT | 40.00 | $307,837 | $0 | $71,246 | Yes (X) | |||
| ASHISH BHARDWAJ | ||||||||
| VP, APAC, MIDDLE EAST & AFRICA | 40.00 | $293,940 | $0 | $70,022 | Yes (X) | |||
| ROBIN EVERETT | ||||||||
| ASSOCIATE GENERAL COUNSEL & ASSISTANT SECRETARY | 40.00 | $287,176 | $0 | $51,127 | Yes (X) | |||
| JENNIFER MARTIN | ||||||||
| VP, STRATEGIC PLANNING & INTEGRATION | 40.00 | $264,033 | $0 | $49,054 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,385,344 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,026,719 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 74 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DIGITAL ADDIX LLC | |||||
| 5935 CORNERSTONE COURT W SUITE 300 | SAN DIEGO | CA | 92121 | DIGITAL MEDIA CAMPAIGNS | $1,143,587 |
| GOLD N FISH MARKETING GROUP LLC | |||||
| 53 OLD ROUTE 22 | ARMONK | NY | 10504 | DEVELOP CAMPUS AMBASSADOR PROGRAM | $408,682 |
| ERNST & YOUNG US LLP | |||||
| 200 PLAZA DRIVE | SECAUCUS | NJ | 07094 | GLOBAL ADVISORY SERVICES | $294,500 |
| PERKINS COIE LLP | |||||
| 1201 THIRD AVENUE SUITE 4900 | SEATTLE | WA | 98101 | LEGAL SERVICES | $291,437 |
| AQUENT LLC | |||||
| 711 BOYLSTON STREET | BOSTON | MA | 02116 | STAFFING AGENCY | $264,004 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TEST OPERATIONS | 900099 | $79,931,289 | $79,931,289 |
| SCHOOL/STUDENT PRODUCTS | 900099 | $8,379,040 | $8,379,040 |
| PROFESSIONAL DEVELOPMENT | 900099 | $1,616,818 | $1,616,818 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $89,927,147 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,324,655 | TotalRevenueColumnAmt |
| Exclusion | $3,324,655 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $35,634,900 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $32,171,318 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,463,582 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,463,582 | TotalRevenueColumnAmt |
| Exclusion | $3,463,582 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $360,444 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $116,708 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $243,736 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $243,736 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $96,959,120 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $90,170,883 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,788,237 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $513,633 | TotalAmt |
| Program Services | $513,633 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,107 | TotalAmt |
| Program Services | $85,107 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $220,133 | TotalAmt |
| Program Services | $220,133 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,647,488 | TotalAmt |
| Program Services | $1,097,927 | ProgramServicesAmt |
| Management And General | $2,549,561 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,400,449 | TotalAmt |
| Program Services | $15,437,782 | ProgramServicesAmt |
| Management And General | $2,962,667 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,344,685 | TotalAmt |
| Program Services | $851,131 | ProgramServicesAmt |
| Management And General | $493,554 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,497,433 | TotalAmt |
| Program Services | $1,458,198 | ProgramServicesAmt |
| Management And General | $1,039,235 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,271,013 | TotalAmt |
| Program Services | $795,908 | ProgramServicesAmt |
| Management And General | $475,105 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,094,666 | TotalAmt |
| Program Services | $23,240 | ProgramServicesAmt |
| Management And General | $1,071,426 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $832,400 | TotalAmt |
| Management And General | $832,400 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $427,900 | TotalAmt |
| Management And General | $427,900 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,041,642 | TotalAmt |
| Program Services | $3,020,817 | ProgramServicesAmt |
| Management And General | $2,020,825 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,001,580 | TotalAmt |
| Program Services | $3,561,611 | ProgramServicesAmt |
| Management And General | $439,969 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,323,064 | TotalAmt |
| Program Services | $378,528 | ProgramServicesAmt |
| Management And General | $944,536 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,986,268 | TotalAmt |
| Program Services | $702,908 | ProgramServicesAmt |
| Management And General | $4,283,360 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,219,948 | TotalAmt |
| Program Services | $410,331 | ProgramServicesAmt |
| Management And General | $1,809,617 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,362,041 | TotalAmt |
| Program Services | $1,606,383 | ProgramServicesAmt |
| Management And General | $755,658 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,972,568 | TotalAmt |
| Program Services | $1,665,387 | ProgramServicesAmt |
| Management And General | $307,181 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $878,877 | TotalAmt |
| Management And General | $878,877 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $278,219 | TotalAmt |
| Management And General | $278,219 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| TEST OPERATIONS | $35,765,003 | $35,765,003 | |
| TEST DEVELOPMENT | $3,192,016 | $3,192,016 | |
| STAFF TRAINING | $386,727 | $237,839 | $148,888 |
| OTHER EMPLOYEE COSTS | $323,726 | $21,635 | $302,091 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,307,194 | TotalAmt |
| Program Services | $5,577 | ProgramServicesAmt |
| Management And General | $2,301,617 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,373,780 | TotalAmt |
| Program Services | $71,051,094 | ProgramServicesAmt |
| Management And General | $24,322,686 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,950,749 | BOYAmt |
| EOY | $31,197,215 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,637,306 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,064,540 | BOYAmt |
| EOY | $2,275,582 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,326 | BOYAmt |
| EOY | $56,539 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,010,678 | BOYAmt |
| EOY | $2,200,021 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $14,919,980 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,555,796 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,575,098 | BOYAmt |
| EOY | $4,364,184 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,293,294 | BOYAmt |
| EOY | $115,712,882 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,760,421 | BOYAmt |
| EOY | $8,002,589 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $130,423 | BOYAmt |
| EOY | $1,175,496 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,257,949 | BOYAmt |
| EOY | $26,039,598 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,717,784 | BOYAmt |
| EOY | $191,024,106 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,311,933 | BOYAmt |
| EOY | $15,585,145 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,017,127 | BOYAmt |
| EOY | $5,928,169 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,117,123 | BOYAmt |
| EOY | $5,180,750 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,446,183 | BOYAmt |
| EOY | $26,694,064 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $171,271,601 | BOYAmt |
| EOY | $164,330,042 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $171,271,601 | BOYAmt |
| EOY | $164,330,042 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,717,784 | BOYAmt |
| EOY | $191,024,106 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,585,340 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$8,526,899 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $89,236,825 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $93,180,270 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $94,006,594 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $91,289,062 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $90,287,591 | CurrentTaxYearAmt |
| Total | $458,000,342 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $89,236,825 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $93,180,270 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $94,006,594 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $91,289,062 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $90,287,591 | CurrentTaxYearAmt |
| Total | $458,000,342 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $458,000,342 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,876,827 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,214,086 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,217,977 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,732,876 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,324,655 | CurrentTaxYearAmt |
| Total | $12,366,421 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,876,827 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,214,086 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,217,977 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,732,876 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,324,655 | CurrentTaxYearAmt |
| Total | $12,366,421 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $54,977 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,724 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $390 | CurrentTaxYearMinus2YearsAmt |
| Total | $62,091 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $91,168,629 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $95,401,080 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $96,224,961 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $94,021,938 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $93,612,246 | CurrentTaxYearAmt |
| Total | $470,428,854 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.97360 | PublicSupportCY509Pct |
| Public Support PY509 | 0.97870 | PublicSupportPY509Pct |
| Investment Income CY | 0.02630 | InvestmentIncomeCYPct |
| Investment Income PY | 0.02110 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS INCOME - 2014 AMOUNT: $ 54,977. 2015 AMOUNT: $ 6,724. 2016 AMOUNT: $ 390. | ExplanationTxt |
Schedule C IRS990ScheduleC
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Total | $2,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $3,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $4,508 | CurrentYearMinus3Amt |
| Current Year Minus1 | $3,296 | CurrentYearMinus1Amt |
| Total | $7,804 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Total | $500,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $750,000 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,677,186 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,744,698 | DepreciationAmt |
| Book Value | $3,932,488 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,280,166 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,972,131 | DepreciationAmt |
| Book Value | $308,035 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,962,628 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,838,967 | DepreciationAmt |
| Book Value | $123,661 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,364,184 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CAPITALIZED TEST ITEMS | $25,910,861 |
| DEFERRED COMPENSATION PLAN | $128,737 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $26,039,598 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED LEASE ABATEMENT | $5,046,531 |
| DEFERRED COMP. LIABILITY | $134,219 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,180,750 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $87,564,563 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$8,526,899 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $116,708 | OtherRevenueAmt |
| Revenue Not Reported | -$8,410,191 | RevenueNotReportedAmt |
| Revenue Subtotal | $95,974,754 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $427,901 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $556,465 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $984,366 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $96,959,120 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $94,506,122 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $116,708 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $116,708 | ExpensesNotReportedAmt |
| Expenses Subtotal | $94,389,414 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $427,901 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $556,465 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $984,366 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $95,373,780 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 IS REQUIRED TO REPORT UNRELATED BUSINESS INCOME TO THE IRS. THE ORGANIZATION 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 ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, LOCAL AND FOREIGN AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COGS 116,708. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FOREIGN CURRENCY EXCHANGE LOSS 556,465. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COGS 116,708. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FOREIGN CURRENCY EXCHANGE LOSS 556,465. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (19 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE | 1 | 6 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE | $2,009,100 |
| EUROPE | 1 | 10 | PROGRAM SERVICES | ONLINE PUBLISHER OF BUSINESS SCHOOLS NEWS, APPLICANT ADVICE AND CAREER INSPIRATIONS. | $602,000 |
| EAST ASIA & THE PACIFIC | 1 | 5 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE | $2,115,885 |
| SOUTH ASIA | 1 | 8 | PROGRAM SERVICES | CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE | $1,609,313 |
| SOUTH ASIA | 1 | 6 | PROGRAM SERVICES | TO DELIVER THE NMAT AND ITS ASSESSMENTS TO CANDIDATES INTERESTED IN PURSUING AN MBA IN INDIA AND OTHER MARKETS | $3,841,945 |
| EAST ASIA & THE PACIFIC | 1 | 1 | PROGRAM SERVICES | MANAGEMENT OF APAC OFFICES AND MARKET DEVELOPMENT IN APAC | $670,319 |
| NORTH AMERICA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATIONS) | CONFERENCE SPONSORSHIP AND MEMBERSHIP | $7,500 |
| EUROPE | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATIONS) | GLOBAL PARTNERSHIPS | $180,929 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATIONS) | CONFERENCE SPONSORSHIP AND MEMBERSHIP | $5,000 |
| SOUTH ASIA | 0 | 0 | GRANTS TO RECIPIENTS IN LOCATED THE REGION (ORGANIZATIONS) | RECOGNITION OF GMAT ACCEPTING SCHOOLS | $5,047 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $412 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $2,127 |
| EUROPE | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $3,084 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $1,464 |
| NORTH AMERICA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $3,390 |
| RUSSIA AND NEIGHBORING STATES | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $95 |
| SOUTH AMERICA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $1,737 |
| SOUTH ASIA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $2,383 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) | FEE WAIVER | $7,071 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 6 | SubtotalOfficesCnt |
| Subtotal Employees | 36 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 6 | TotalOfficeCnt |
| Total Employee | 36 | TotalEmployeeCnt |
| Subtotal Spent | $11,036,991 | SubtotalSpentAmt |
| Continuation Spent | $31,810 | ContinuationSpentAmt |
| Total Spent | $11,068,801 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (5 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|
| NORTH AMERICA | CONFERENCE SPONSORSHIP AND MEMBERSHIP 2018 | $7,500 | WIRE | N/A |
| EUROPE | GLOBAL PARTNERSHIP | $27,987 | CHECK | N/A |
| EUROPE | GLOBAL PARTNERSHIP | $152,942 | CHECK | N/A |
| SUB-SAHARAN AFRICA | CONFERENCE SPONSORSHIP AND MEMBERSHIP 2018 | $5,000 | WIRE | N/A |
| SOUTH ASIA | DISPLAY PAGE FOR GMAT ACCEPTING SCHOOLS | $5,047 | CHECK | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|
| FEE WAIVER | CENTRAL AMERICA AND CARIBBEAN | 4 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $412 | FEE WAIVER | FMV |
| FEE WAIVER | EAST ASIA AND THE PACIFIC | 22 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $2,127 | FEE WAIVER | FMV |
| FEE WAIVER | EUROPE | 32 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $3,084 | FEE WAIVER | FMV |
| FEE WAIVER | MIDDLE EAST & NORTH AFRICA | 15 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $1,464 | FEE WAIVER | FMV |
| FEE WAIVER | NORTH AMERICA (EXCLUDES USA) | 35 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $3,390 | FEE WAIVER | FMV |
| FEE WAIVER | RUSSIA AND NEIGHBORING STATES | 1 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $95 | FEE WAIVER | FMV |
| FEE WAIVER | SOUTH AMERICA | 18 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $1,737 | FEE WAIVER | FMV |
| FEE WAIVER | SOUTH ASIA | 24 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $2,383 | FEE WAIVER | FMV |
| FEE WAIVER | SUB-SAHARAN AFRICA | 71 | SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G | $7,071 | FEE WAIVER | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | GMAC MAINTAINS POLICIES, PROCEDURES, CONTRACTS OR SUMMARY TERMS AND RECORDS TO GUIDE CORPORATE CHARITABLE GIVING, INCLUDING GUIDANCE REGARDING ELIGIBILITY AND SELECTION CRITERIA, EXPENDITURE TRACKING AND SUBSTANTIATION OF THE AMOUNT OF GRANTS OR ASSISTANCE. 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. |
| PART I, LINE 3: | THE ORGANIZATION USES THE ACCRUAL BASIS OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AACSB INTERNATIONAL | |||||||||||
| PO BOX 116201 | ATLANTA | GA | 30368 | 406036286 | 501(C)(3) | $123,133 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| EXECUTIVE MBA COUNCIL | |||||||||||
| ONE UNIVERSITY DRIVE | ORANGE | CA | 92866 | 943095701 | 501(C)(3) | $30,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| FORTE FOUNDATION | |||||||||||
| 9600 ESCARPMENT 745 PMB 72 | AUSTIN | TX | 78749 | 611457145 | 501(C)(3) | $50,000 | $0 | N/A | N/A | TO SPONSOR UNDERGRADUATE OUTREACH ACTIVITIES: CAREER LAUNCH & VIRTUAL CAMPUS. | |
| HBCU BUSINESS DEAN'S ROUNDTABLE | |||||||||||
| 1400 JERICHO PARK ROAD | BOWIE | MD | 207159465 | 721491905 | 501(C)(3) | $10,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| INTERNATIONAL TEST COMMISSION | |||||||||||
| 21 TEACHERS COLLEGE HALL | LINCOLN | NE | 685880352 | 650996223 | 501(C)(3) | $8,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| MANAGEMENT LEADERSHIP FOR TOMORROW | |||||||||||
| 7201 WISCONSIN AVENUE NW SUITE 400 | BETHESDA | MD | 20814 | 521795164 | 501(C)(3) | $15,000 | $0 | N/A | N/A | TO SPONSOR PROGRAMS OF COACHING AND SUPPORT FOR HIGH-POTENTIAL AMERICAN, HISPANIC & NATIVE AMERICAN YOUNG PEOPLE TO UNLOCK THEIR CAREER POTENTIAL | |
| THE PHD PROJECT | |||||||||||
| THREE CHESTNUT RIDGE ROAD | MONTVALE | NJ | 07645 | 202610773 | 501(C)(3) | $150,000 | $0 | N/A | N/A | TO HELP AFRICAN-AMERICANS, HISPANIC-AMERICANS AND NATIVE AMERICANS ATTAIN BUSINESS PHDS TO BECOME BUSINESS PROFESSORS AND MENTOR THE NEXT GENERATION. | |
| THE PHD PROJECT | |||||||||||
| THREE CHESTNUT RIDGE ROAD | MONTVALE | NJ | 07645 | 202610773 | 501(C)(3) | $100,000 | $0 | N/A | N/A | TO HELP AFRICAN-AMERICANS, HISPANIC-AMERICANS AND NATIVE AMERICANS ATTAIN BUSINESS PHDS TO BECOME BUSINESS PROFESSORS AND MENTOR THE NEXT GENERATION. | |
| WYNNE COMMUNICATIONS | |||||||||||
| 326 SOUTH PACIFIC COAST HIGHWAY | REDONDA BEACH | CA | 90277 | 954844451 | $7,500 | $0 | N/A | N/A | TO SPONSOR BUSINESS ACCESS MEDIA EVENT WHICH BRINGS THE WORLD'S TOP MBA PROGRAMS TO MEET WITH THE TOP FINANCIAL MEDIA. | SUITE 209 | |
| MAKINETWORK LLC | |||||||||||
| 55 LYME ROAD | HANOVER | NH | 03755 | 464273512 | $5,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | ||
| RUTGERS THE STATE UNIVERSITY OF NEW JERSEY | |||||||||||
| 1 WASHINGTON PARK | NEWARK | NJ | 07102 | 226001086 | 501(C)(3) | $5,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| MBA CSEA | |||||||||||
| PO BOX 47478 | TAMPA | FL | 33646 | 522134247 | 501(C)(3) | $5,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| BETA ALPHA PSI | |||||||||||
| 220 LEGIH FARM ROAD | DURHAM | NC | 277078110 | 237046830 | 501(C)(3) | $5,000 | $0 | N/A | N/A | PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 11 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FEE WAIVER | GrantTypeTxt |
| Recipient | 869 | RecipientCnt |
| Cash Grant | $0 | CashGrantAmt |
| Non Cash Assistance | $85,107 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | FEE WAIVERS | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GMAC MAINTAINS POLICIES, PROCEDURES, CONTRACTS OR SUMMARY TERMS AND RECORDS TO GUIDE CORPORATE CHARITABLE GIVING, INCLUDING GUIDANCE REGARDING ELIGIBILITY AND SELECTION CRITERIA, EXPENDITURE TRACKING AND SUBSTANTIATION OF THE AMOUNT OF GRANTS OR ASSISTANCE. 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SANGEET CHOWFLA | ||||||||||||||
| PRESIDENT & CHIEF EXECUTIVE OFFICER | $536,488 | $0 | $225,000 | $0 | $4,232 | $0 | $305,500 | $0 | $17,941 | $0 | $1,089,161 | $0 | $0 | $0 |
| JOY JACKSON JONES | ||||||||||||||
| CHIEF PRODUCT OFFICER & GENERAL MANA | $363,939 | $0 | $68,400 | $0 | $720 | $0 | $80,200 | $0 | $24,615 | $0 | $537,874 | $0 | $0 | $0 |
| SHERRI SAMPSON | ||||||||||||||
| CHIEF HR OFFICER, GENERAL COUNSEL & | $361,166 | $0 | $108,007 | $0 | $817 | $0 | $46,252 | $0 | $26,105 | $0 | $542,347 | $0 | $0 | $0 |
| SAMUEL REIMER | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $344,192 | $0 | $124,867 | $0 | $4,821 | $0 | $58,717 | $0 | $32,546 | $0 | $565,143 | $0 | $0 | $0 |
| BETTY SU | ||||||||||||||
| CHIEF MARKETING OFFICER | $265,322 | $0 | $90,828 | $0 | $480 | $0 | $45,085 | $0 | $11,081 | $0 | $412,796 | $0 | $0 | $0 |
| ASHOK SARATHY | ||||||||||||||
| VP, PRODUCT MANAGEMENT | $253,742 | $0 | $75,385 | $0 | $7,068 | $0 | $44,394 | $0 | $26,062 | $0 | $406,651 | $0 | $0 | $0 |
| SABRINA WHITE | ||||||||||||||
| VP, AMERICAS & EUROPE | $251,481 | $0 | $78,119 | $0 | $8,424 | $0 | $42,852 | $0 | $9,320 | $0 | $390,196 | $0 | $0 | $0 |
| ANDREW MARTELLI | ||||||||||||||
| VP, PRODUCT DEVELOPMENT | $214,121 | $0 | $73,932 | $0 | $19,784 | $0 | $41,269 | $0 | $29,977 | $0 | $379,083 | $0 | $0 | $0 |
| ASHISH BHARDWAJ | ||||||||||||||
| VP, APAC, MIDDLE EAST & AFRICA | $221,668 | $0 | $72,272 | $0 | $0 | $0 | $18,068 | $0 | $51,954 | $0 | $363,962 | $0 | $0 | $0 |
| ROBIN EVERETT | ||||||||||||||
| ASSOCIATE GENERAL COUNSEL & ASSISTAN | $228,327 | $0 | $50,236 | $0 | $8,613 | $0 | $23,575 | $0 | $27,552 | $0 | $338,303 | $0 | $0 | $0 |
| JENNIFER MARTIN | ||||||||||||||
| VP, STRATEGIC PLANNING & INTEGRATION | $215,988 | $0 | $47,565 | $0 | $480 | $0 | $21,502 | $0 | $27,552 | $0 | $313,087 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. FIRST CLASS TRAVEL IS ALLOWED FOR THE CEO. THE AMOUNT OF FIRST-CLASS TRAVEL ARE NOT INCLUDED IN THE TAXABLE INCOME OF THE INDIVIDUALS SINCE THE TRAVEL IS BUSINESS RELATED. -GROSS PAYMENTS TO INDIVIDUALS WERE INSIGNIFICANT AND RELATE TO STAFF ANNIVERSARY RECOGNITIONS AND AWARDS. AS REQUIRED BY TAX LAW, ANY APPROPRIATE AMOUNTS ARE INCLUDED IN THE COMPENSATION OF THE APPROPRIATE INDIVIDUAL. |
| ADDITIONAL EXPLANATION PART II COLUMN (B)(II) | INCLUDED IN THE BONUS AND INCENTIVE COMPENSATION COLUMN FOR SANGEET CHOWFLA IS A 2017 ANNUAL BONUS OF $225,000 PAID IN MARCH 2018. |
| ADDITIONAL EXPLANATION PART II COLUMN (C) | INCLUDED IN THE AMOUNT OF RETIREMENT AND OTHER DEFERRED COMPENSATION COLUMN (C) FOR SANGEET CHOWFLA IS A LONG-TERM INCENTIVE COMPENSATION ACCRUAL OF $125,000 FOR 2017 AND $135,000 FOR 2018, BOTH WILL BE PAID IN MARCH 2020. THE REMAINING AMOUNT IS A 403B EMPLOYER CONTRIBUTION FOR $27,000 AND A 457B EMPLOYEE DEFERRAL OF $18,500. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 2 | IN 2018, GMAC ACQUIRED THROUGH ONE OF ITS DISREGARDED ENTITIES (GRADUATE MANAGEMENT GLOBAL CONNECTION (UK), LTD.), BUSINESSBECAUSE, LTD. BUSINESSBECAUSE, LTD. WILL ALLOW THE ORGANIZATION TO PROVIDE MORE SOLUTIONS TO SCHOOLS AND CANDIDATES EARLIER IN THE CANDIDATE JOURNEY. |
| FORM 990, PART VI, SECTION A, LINE 6 | GRADUATE MANAGEMENT ADMISSION COUNCIL SHALL HAVE ONE (1) CLASS OF VOTING MEMBERS, WHICH SHALL CONSIST OF GRADUATE BUSINESS AND MANAGEMENT SCHOOLS. THE CRITERIA FOR ADMISSION SHALL INCLUDE, AT A MINIMUM, A REQUIREMENT THAT THE PROSPECTIVE MEMBER (1) CAN AWARD DEGREES, AND (2) IS ACCREDITED BY A RELEVANT ACCREDITATION AGENCY OR ALTERNATIVELY PROVIDES EVIDENCE THAT ITS PROGRAMS MEET GENERALLY ACCEPTED STANDARDS OF HIGH QUALITY IN THE FIELD OF MANAGEMENT EDUCATION. THE CRITERIA SHALL ALSO INCLUDE AS A RELEVANT, BUT NOT DISPOSITIVE, QUALITATIVE FACTOR WHETHER THE GRADUATE MANAGEMENT ADMISSION TEST (GMAT) EXAM IS REQUIRED BY THE PROSPECTIVE MEMBER FOR ADMISSION TO ALL PROGRAMS GRANTING A MASTER'S DEGREE IN BUSINESS ADMINISTRATION (MBA) OR ANY EQUIVALENT PROGRAM |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER THAT IS IN GOOD STANDING SHALL BE ENTITLED TO VOTE FOR THE ELECTION OF DEAN AND REPRESENTATIVE DIRECTORS TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THERE IS ONE CLASS OF MEMBERS. 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 11B | THE FINAL DRAFT IS SUBMITTED TO SENIOR MANAGEMENT BEFORE IT IS PROVIDED TO THE AUDIT & RISK COMMITTEE FOR REVIEW AND APPROVAL. EACH PARTY IS EXPECTED TO THOROUGHLY READ THE 990 IN ITS ENTIRETY AND HAS ACCESS TO THE YEAR-END FINANCIALS TO DO A COMPARATIVE REVIEW AS WELL. FEEDBACK IS PROVIDED TO MANAGEMENT WHETHER OR NOT CHANGES ARE REQUIRED. A FINAL APPROVAL OF THE FORM 990 IS OBTAINED EITHER DURING AN AUDIT & RISK COMMITTEE MEETING OR A MEETING BY EMAIL PRIOR TO 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 NOMINATING AND GOVERNANCE 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 AND THE GENERAL COUNSEL 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 THEN DETERMINES COMPENSATION BASED ON THAT 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 "REBUTTABLE PRESUMPTION" UNDER THE INTERMEDIATE SANCTION RULES OF IRC SECTION 4958. THE CEO IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF TOP MANAGEMENT. GMAC RETAINS INDEPENDENT COMPENSATION CONSULTANTS AND REPUTABLE SALARY SURVEY MARKET DATA TO EVALUATE COMPENSATION COMPARABILITY. THE COMPENSATION COMMITTEE AND THE CEO ANNUALLY REVIEW THE COMPENSATION DATA FOR ALL OFFICERS. TYPICALLY, EVERY TWO YEARS A COMPENSATION ANALYSIS IS CONDUCTED FOR ALL EMPLOYEES. A COMPREHENSIVE ANALYSIS WAS COMPLETED IN 2018. WE DO CONDUCT VARIOUS ANALYSES UPON REQUEST. THE CEO AND CHIEF HR OFFICER REVIEW THE DATA AND DETERMINE APPROPRIATE COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | GMAC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE GENERALLY INCLUDED IN THE ANNUAL REPORT. |
| FORM 8858, LINE 5: | GMAC IS AN U.S. ORGANIZATION THAT OWNS 100% OF FOREIGN DISREGARDED ENTITIES INCLUDING: GRADUATE MANAGEMENT ADMISSION COUNCIL (HK) LIMITED, GRADUATE MANAGEMENT ADMISSION COUNCIL (INDIA) PRIVATE LTD GRADUATE MANAGEMENT GLOBAL CONNECTION (UK) LIMITED GRADUATE MANAGEMENT GLOBAL CONNECTION (INDIA) PRIVATE LIMITED BUSINESSBECAUSE LIMITED |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (5 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CountryForeignAddress/CountryCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | CityForeignAddress/CityNm | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|
| GRADUATE MANAGEMENT ADMISSION COUNCIL HONG KONG LIMITED | ||||||||
| 908 9TH FLOOR KWAH CENTER NO 19 | HK | MARKET DEVELOPMENT FOR GMAC WITHIN EAST ASIA AND SOUTHEAST ASIA. | HK | $2,183,862 | $905,019 | GRADUATE MANAGEMENT ADMISSION COUNCIL (US) | ||
| GRADUATE MANAGEMENT ADMISSION COUNCIL INDIA PRIVATE LIMITED | ||||||||
| 405 SUNCITY BUSINESS TOWER SECTOR | IN | MARKET DEVELOPMENT FOR GMAC WITHIN SOUTH ASIA, AFRICA AND THE MIDDLE EAST. | IN | $1,853,938 | $209,206 | GRADUATE MANAGEMENT ADMISSION COUNCIL (US) | GURGAON HARYANA | 1222011 |
| GRADUATE MANAGEMENT GLOBAL CONNECTION (UK) LTD | ||||||||
| ST CLEMENTS HOUSE 27-28 CLEMENTS L | UK | MARKET DEVELOPMENT FOR GMAC WITHIN EUROPE. | UK | $2,066,496 | $2,998,622 | GRADUATE MANAGEMENT ADMISSION COUNCIL (US) | LONDON | EC4N 7AE |
| GRADUATE MANAGEMENT GLOBAL CONNECTION (INDIA) PRIVATE LIMITED | ||||||||
| 405 TO 407 SUNCITY BUSINESS TOWER | IN | DELIVER THE NMAT BY GMAC EXAM AND TO MAKE SALES OF ITS PREP PRODUCTS | IN | $2,324,619 | -$1,857,639 | GRADUATE MANAGEMENT ADMISSION COUNCIL (US) | GURGAON HARYANA | 1222011 |
| BUSINESSBECAUSE LIMITED | ||||||||
| 20 JERUSALEM PASSAGE | UK | PUBLISH AND SELL DIGITAL STORIES ABOUT STUDENT LIFE | UK | $394,260 | $1,253,093 | GRADUATE MANAGEMENT GLOBAL CONNECTION (UK) LTD | LONDON | EC1V 4JP |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GMGC INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11921 FREEDOM DRIVE SUITE 300 | AddressLine1Txt |
| City | RESTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 832498530 | EIN |
| Primary Activities | INVESTMENT HOLDING | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRADUATE MANAGEMENT ADMISSION COUNCIL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |