2019-11-15T13:12:43-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2018-01-01 237084339 GRADUATE MANAGEMENT ADMISSION COUNCIL GRAD 7036689600 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 BEKI BAHAR-ENGLER CHIEF ADMINISTRATIVE OFFICER 7036689600 2019-11-13 1 KAREN GRIES P00078514 5712279500 67.137.57.251 2019-11-13 10:51:28 CS P 0514B758026FFB4303D1E4DFF3C58ED2768E19CE 39A38752E48E75A0874353861A054000DD5125B5 2018 2020-03-31 21:24:44Z SANGEET CHOWFLA 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 129247146 0 X WWW.GMAC.COM X 1970 VA 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. 17 16 135 16 0 0 0 0 90832328 89927147 6230822 6788237 301109 243736 97364259 96959120 740241 818873 0 0 24738849 27161068 0 0 0 68262534 67393839 93741624 95373780 3622635 1585340 199717784 191024106 28446183 26694064 171271601 164330042 X 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. 1 0 38580574 0 79931289 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. 1204141 0 0 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. 31266379 818873 10112831 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. 71051094 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 101 0 135 1 0 1 UK HK IN 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BEKI BAHAR-ENGLER 7036689600 11921 FREEDOM DRIVE SUITE 300 RESTON VA 20190 KATE KLEPPER CHAIR 1.00 X X 0 0 0 WILLIAM BOULDING CHAIR 1.00 X X 0 0 0 JIM BRADY DIRECTOR 1.00 X 0 0 0 KENNETH FREEMAN DIRECTOR 1.00 X 0 0 0 NICK BARNIVILLE DIRECTOR 1.00 X 0 0 0 MARTIN BOEHM DIRECTOR 1.00 X 0 0 0 TOM BUIOCCHI DIRECTOR 1.00 X 0 0 0 JON ERICKSON DIRECTOR 1.00 X 0 0 0 ELLEN GLAZERMAN DIRECTOR 1.00 X 0 0 0 LEILA GUERRA DIRECTOR 1.00 X 0 0 0 ERIC HIRST DIRECTOR 1.00 X 0 0 0 ERICA JAMES DIRECTOR 1.00 X 0 0 0 PETER JOHNSON DIRECTOR 1.00 X 0 0 0 SANJIV KAPUR DIRECTOR 1.00 X 0 0 0 XIONGWEN LU DIRECTOR 1.00 X 0 0 0 DONNA RAPACCIOLI DIRECTOR 1.00 X 0 0 0 PETER TUFANO DIRECTOR 1.00 X 0 0 0 STEPHANIE VILLEMAGNE DIRECTOR 1.00 X 0 0 0 SRI ZAHEER DIRECTOR 1.00 X 0 0 0 SANGEET CHOWFLA PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00 X X 765720 0 323441 JOY JACKSON JONES CHIEF PRODUCT OFFICER & GENERAL MANAGER, ASSESSM 40.00 X 433059 0 104815 SHERRI SAMPSON CHIEF HR OFFICER, GENERAL COUNSEL & SECRETARY 40.00 X 469990 0 72357 SAMUEL REIMER CHIEF FINANCIAL OFFICER 40.00 X 473880 0 91263 BETTY SU CHIEF MARKETING OFFICER 40.00 X 356630 0 56166 KEVIN LEFEW PARTIAL YEAR CHIEF TECHNOLOGY OFFICER 40.00 X 58860 0 14600 ASHOK SARATHY VP, PRODUCT MANAGEMENT 40.00 X 336195 0 70456 SABRINA WHITE VP, AMERICAS & EUROPE 40.00 X 338024 0 52172 ANDREW MARTELLI VP, PRODUCT DEVELOPMENT 40.00 X 307837 0 71246 ASHISH BHARDWAJ VP, APAC, MIDDLE EAST & AFRICA 40.00 X 293940 0 70022 ROBIN EVERETT ASSOCIATE GENERAL COUNSEL & ASSISTANT SECRETARY 40.00 X 287176 0 51127 JENNIFER MARTIN VP, STRATEGIC PLANNING & INTEGRATION 40.00 X 264033 0 49054 4385344 0 1026719 74 0 1 0 DIGITAL ADDIX LLC 5935 CORNERSTONE COURT W SUITE 300 SAN DIEGO CA 92121 DIGITAL MEDIA CAMPAIGNS 1143587 GOLD N FISH MARKETING GROUP LLC 53 OLD ROUTE 22 ARMONK NY 10504 DEVELOP CAMPUS AMBASSADOR PROGRAM 408682 ERNST & YOUNG US LLP 200 PLAZA DRIVE SECAUCUS NJ 07094 GLOBAL ADVISORY SERVICES 294500 PERKINS COIE LLP 1201 THIRD AVENUE SUITE 4900 SEATTLE WA 98101 LEGAL SERVICES 291437 AQUENT LLC 711 BOYLSTON STREET BOSTON MA 02116 STAFFING AGENCY 264004 16 TEST OPERATIONS 900099 79931289 79931289 SCHOOL/STUDENT PRODUCTS 900099 8379040 8379040 PROFESSIONAL DEVELOPMENT 900099 1616818 1616818 89927147 3324655 3324655 35634900 32171318 3463582 3463582 3463582 360444 116708 243736 243736 96959120 90170883 0 6788237 513633 513633 85107 85107 220133 220133 3647488 1097927 2549561 18400449 15437782 2962667 1344685 851131 493554 2497433 1458198 1039235 1271013 795908 475105 1094666 23240 1071426 832400 832400 427900 427900 5041642 3020817 2020825 4001580 3561611 439969 1323064 378528 944536 4986268 702908 4283360 2219948 410331 1809617 2362041 1606383 755658 1972568 1665387 307181 878877 878877 278219 278219 TEST OPERATIONS 35765003 35765003 TEST DEVELOPMENT 3192016 3192016 STAFF TRAINING 386727 237839 148888 OTHER EMPLOYEE COSTS 323726 21635 302091 2307194 5577 2301617 95373780 71051094 24322686 0 10950749 31197215 24637306 0 2064540 2275582 37326 56539 2010678 2200021 14919980 10555796 4575098 4364184 118293294 115712882 7760421 8002589 130423 1175496 29257949 26039598 199717784 191024106 16311933 15585145 7017127 5928169 5117123 5180750 28446183 26694064 X 171271601 164330042 171271601 164330042 199717784 191024106 1585340 -8526899 0 X 0 1 X 1 0 X 89236825 93180270 94006594 91289062 90287591 458000342 89236825 93180270 94006594 91289062 90287591 458000342 0 0 0 458000342 1876827 2214086 2217977 2732876 3324655 12366421 1876827 2214086 2217977 2732876 3324655 12366421 54977 6724 390 62091 91168629 95401080 96224961 94021938 93612246 470428854 0.97360 0.97870 0.02630 0.02110 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2014 AMOUNT: $ 54,977. 2015 AMOUNT: $ 6,724. 2016 AMOUNT: $ 390. 1000000 1000000 2000000 3000000 4508 3296 7804 250000 250000 500000 750000 7677186 3744698 3932488 4280166 3972131 308035 2962628 2838967 123661 4364184 CAPITALIZED TEST ITEMS 25910861 DEFERRED COMPENSATION PLAN 128737 26039598 DEFERRED LEASE ABATEMENT 5046531 DEFERRED COMP. LIABILITY 134219 5180750 X 87564563 -8526899 116708 -8410191 95974754 427901 556465 984366 96959120 94506122 116708 116708 94389414 427901 556465 984366 95373780 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. 1 EUROPE 1 6 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE 2009100 EUROPE 1 10 PROGRAM SERVICES ONLINE PUBLISHER OF BUSINESS SCHOOLS NEWS, APPLICANT ADVICE AND CAREER INSPIRATIONS. 602000 EAST ASIA & THE PACIFIC 1 5 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE 2115885 SOUTH ASIA 1 8 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE 1609313 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 3841945 EAST ASIA & THE PACIFIC 1 1 PROGRAM SERVICES MANAGEMENT OF APAC OFFICES AND MARKET DEVELOPMENT IN APAC 670319 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATIONS) CONFERENCE SPONSORSHIP AND MEMBERSHIP 7500 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATIONS) GLOBAL PARTNERSHIPS 180929 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATIONS) CONFERENCE SPONSORSHIP AND MEMBERSHIP 5000 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS IN LOCATED THE REGION (ORGANIZATIONS) RECOGNITION OF GMAT ACCEPTING SCHOOLS 5047 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 2127 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 3084 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 1464 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 3390 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 1737 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 2383 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 7071 6 36 0 0 6 36 11036991 31810 11068801 NORTH AMERICA CONFERENCE SPONSORSHIP AND MEMBERSHIP 2018 7500 WIRE N/A EUROPE GLOBAL PARTNERSHIP 27987 CHECK N/A EUROPE GLOBAL PARTNERSHIP 152942 CHECK N/A SUB-SAHARAN AFRICA CONFERENCE SPONSORSHIP AND MEMBERSHIP 2018 5000 WIRE N/A SOUTH ASIA DISPLAY PAGE FOR GMAT ACCEPTING SCHOOLS 5047 CHECK N/A 3 2 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 2127 FEE WAIVER FMV FEE WAIVER EUROPE 32 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G 3084 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 1464 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 3390 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 1737 FEE WAIVER FMV FEE WAIVER SOUTH ASIA 24 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G 2383 FEE WAIVER FMV FEE WAIVER SUB-SAHARAN AFRICA 71 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY FOR THE G 7071 FEE WAIVER FMV 0 0 1 0 0 0 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. 1 AACSB INTERNATIONAL PO BOX 116201 ATLANTA GA 30368 406036286 501(C)(3) 123133 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) 30000 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) 50000 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) 10000 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) 8000 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) 15000 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) 150000 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) 100000 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 SUITE 209 REDONDA BEACH CA 90277 954844451 7500 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. MAKINETWORK LLC 55 LYME ROAD HANOVER NH 03755 464273512 5000 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) 5000 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) 5000 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) 5000 0 N/A N/A PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. 11 2 FEE WAIVER 869 0 85107 FMV FEE WAIVERS 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. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SANGEET CHOWFLA PRESIDENT & CHIEF EXECUTIVE OFFICER 536488 0 225000 0 4232 0 305500 0 17941 0 1089161 0 0 0 JOY JACKSON JONES CHIEF PRODUCT OFFICER & GENERAL MANA 363939 0 68400 0 720 0 80200 0 24615 0 537874 0 0 0 SHERRI SAMPSON CHIEF HR OFFICER, GENERAL COUNSEL & 361166 0 108007 0 817 0 46252 0 26105 0 542347 0 0 0 SAMUEL REIMER CHIEF FINANCIAL OFFICER 344192 0 124867 0 4821 0 58717 0 32546 0 565143 0 0 0 BETTY SU CHIEF MARKETING OFFICER 265322 0 90828 0 480 0 45085 0 11081 0 412796 0 0 0 ASHOK SARATHY VP, PRODUCT MANAGEMENT 253742 0 75385 0 7068 0 44394 0 26062 0 406651 0 0 0 SABRINA WHITE VP, AMERICAS & EUROPE 251481 0 78119 0 8424 0 42852 0 9320 0 390196 0 0 0 ANDREW MARTELLI VP, PRODUCT DEVELOPMENT 214121 0 73932 0 19784 0 41269 0 29977 0 379083 0 0 0 ASHISH BHARDWAJ VP, APAC, MIDDLE EAST & AFRICA 221668 0 72272 0 0 0 18068 0 51954 0 363962 0 0 0 ROBIN EVERETT ASSOCIATE GENERAL COUNSEL & ASSISTAN 228327 0 50236 0 8613 0 23575 0 27552 0 338303 0 0 0 JENNIFER MARTIN VP, STRATEGIC PLANNING & INTEGRATION 215988 0 47565 0 480 0 21502 0 27552 0 313087 0 0 0 PART I, LINE 1A -ACCORDING TO GMAC TRAVEL POLICY FOR VICE PRESIDENTS AND ABOVE, GMAC WILL REIMBURSE FOR COACH-CLASS AIR TRAVEL FOR ONE-WAY FLIGHTS LESS THAN 2.5 HOURS IN DURATION. IF THE FLIGHT IS 2.5 HOURS OR LONGER, GMAC WILL COVER THE COST OF THE NEXT TICKET CLASS. 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. 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 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 2183862 905019 GRADUATE MANAGEMENT ADMISSION COUNCIL (US) GRADUATE MANAGEMENT ADMISSION COUNCIL INDIA PRIVATE LIMITED 405 SUNCITY BUSINESS TOWER SECTOR GURGAON HARYANA IN 1222011 MARKET DEVELOPMENT FOR GMAC WITHIN SOUTH ASIA, AFRICA AND THE MIDDLE EAST. IN 1853938 209206 GRADUATE MANAGEMENT ADMISSION COUNCIL (US) GRADUATE MANAGEMENT GLOBAL CONNECTION (UK) LTD ST CLEMENTS HOUSE 27-28 CLEMENTS L LONDON UK EC4N 7AE MARKET DEVELOPMENT FOR GMAC WITHIN EUROPE. UK 2066496 2998622 GRADUATE MANAGEMENT ADMISSION COUNCIL (US) GRADUATE MANAGEMENT GLOBAL CONNECTION (INDIA) PRIVATE LIMITED 405 TO 407 SUNCITY BUSINESS TOWER GURGAON HARYANA IN 1222011 DELIVER THE NMAT BY GMAC EXAM AND TO MAKE SALES OF ITS PREP PRODUCTS IN 2324619 -1857639 GRADUATE MANAGEMENT ADMISSION COUNCIL (US) BUSINESSBECAUSE LIMITED 20 JERUSALEM PASSAGE LONDON UK EC1V 4JP PUBLISH AND SELL DIGITAL STORIES ABOUT STUDENT LIFE UK 394260 1253093 GRADUATE MANAGEMENT GLOBAL CONNECTION (UK) LTD GMGC INC 11921 FREEDOM DRIVE SUITE 300 RESTON VA 20190 832498530 INVESTMENT HOLDING VA GRADUATE MANAGEMENT ADMISSION COUNCIL C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0