2014-08-14T13:06:09-05:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2013-01-01 237084339 GRADUATE MANAGEMENT ADMISSION COUNCIL GRAD 7036689600 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 SAM REIMER CHIEF FINANCIAL OFFICER 7037490131 2014-08-13 1 KAREN GRIES P00078514 5712279500 2013 2015-11-30 17:44:51Z SANGEET CHOWFLA 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 310368111 0 X WWW.GMAC.COM X 1970 VA TO ADMINISTER THE GRADUATE MANAGEMENT ADMISSION TEST, CONDUCT EDUCATIONAL RESEARCH AND PROVIDE OTHER EDUCATIONAL SERVICES. 14 13 145 19 0 0 0 0 92700383 86622211 30651879 6467944 1794587 1432125 125146849 94522280 7815210 1112268 0 0 25858966 27599895 0 0 0 69070947 61550938 102745123 90263101 22401726 4259179 161235223 160158007 35087899 28586271 126147324 131571736 X GRADUATE MANAGEMENT ADMISSION COUNCIL (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. 0 0 41472589 223250 80487207 TEST OPERATIONS - GRADUATE MANAGEMENT EDUCATION PROGRAMS EVALUATE APPLICANTS FROM MANY EDUCATIONAL BACKGROUNDS. THE GMAT HELPS SCHOOL PROGRAMS CHOOSE THE STUDENTS WHO ARE MOST LIKELY TO SUCCEED ACADEMICALLY IN A GIVEN PROGRAM. FOR LEADING BUSINESS SCHOOLS WORLDWIDE, THE GMAT IS RECOGNIZED AS THE MOST EFFECTIVE TEST AVAILABLE FOR MATCHING STUDENT COMPETENCIES WITH PROGRAM DEMANDS - REGARDLESS OF PROGRAM TYPE OR THE RACE, GENDER, OR NATIONAL ORIGIN OF STUDENTS. THE GRADUATE MANAGEMENT ADMISSION TEST (GMAT) IS A CRITICAL PART OF THE SELECTIVE ADMISSIONS PROCESS FOR NEARLY 6,000 GRADUATE MANAGEMENT PROGRAMS AT 2,100 SCHOOLS AROUND THE WORLD. FOR MORE THAN 50 YEARS, SCHOOLS HAVE TRUSTED THE GMAT EXAM, A PROVEN AND RELIABLE MEASUREMENT, TO ASSESS CANDIDATES' SKILLS AND PREDICT THEIR SUCCESS IN GRADUATE BUSINESS CURRICULUM. WAYS TO MEASURE - 2013 VALUESTEST REGISTRATIONS - 285,472TESTS TAKEN - 250,087SCORE REPORTS SENT - 797,290 NUMBER OF TEST CENTERS AS OF DEC 31, 2013:NORTH AMERICA - 374ASIA PACIFIC - 84EUROPE, MIDDLE EAST, AFRICA - 108LATIN AMERICA - 34NUMBER OF ACTIVE PROGRAMS ACCEPTING THE GMAT AS OF DEC 31, 2013:NORTH AMERICA - 4,689ASIA PACIFIC - 752EUROPE, MIDDLE EAST, AFRICA - 1,166LATIN AMERICA - 53 3037741 RESEARCH - GMAC RESEARCH PROVIDES DATA ABOUT GMAT TEST TAKERS AND GRADUATE MANAGEMENT PROGRAM CONSTITUENTS.THE POOL OF CANDIDATES FOR GRADUATE BUSINESS EDUCATION CONTINUES TO DIVERSIFY, AND OFFERING THE GMAT EXAM ALLOWS GMAC TO BUILD AN ACCURATE PICTURE OF TODAY'S BUSINESS SCHOOL APPLICANTS. GMAT INTERACTIVE PROFILE REPORTS SHOW CURRENT AND HISTORICAL TEST-TAKER TRENDS ABOUT WHERE TEST TAKERS LIVE, WHAT THEY EXPECT TO GAIN FROM BUSINESS SCHOOL, THEIR WORK EXPERIENCE, ETC. SCHOOLS CAN ALSO CUSTOMIZE A REPORT FOR INFORMATION TARGETED TO FIT THEIR NEEDS. ALL REPORTS CAN BE PRINTED OR DOWNLOADED AT THE SCHOOL'S CONVENIENCE.GMAC SURVEYS EXPLORE RELEVANT ISSUES, OFFERING DATA AT VARIOUS DEPTHS, DEPENDING ON WHAT SCHOOLS NEED AND HOW THEY PARTICIPATE. SURVEY REPORTS ARE FREQUENTLY USED TO HELP DRIVE STRATEGIC DECISION-MAKING PROCESSES IN GRADUATE BUSINESS SCHOOLS.WAYS TO MEASURE - 2013 VALUESNUMBER OF SURVEY REPORTS CREATED - 14 REPORTS: 8 SURVEY REPORTS AND 6 GEOGRAPHIC TRENDS REPORTS; 1,475 BENCHMARK REPORTSNUMBER OF ENTITIES SURVEYED - APPROXIMATELY 62,792 NUMBER OF AD HOC REQUESTS ANSWERED - 26 FOR MEMBER AND NON-MEMBER SCHOOLSGMAT VALIDITY STUDY SERVICE IS A CUSTOMER SERVICE THAT ANALYZES A SCHOOL'S ADMISSIONS CRITERIA AND LET THE SCHOOL KNOW EXACTLY HOW VALID THE TEST IS FOR ITS PROGRAM.WAYS TO MEASURE - 2013 VALUESNUMBER OF FULL VALIDITY STUDIES - 11 22134247 889018 7554267 OTHER EDUCATIONAL SERVICES - SERVICES FOR STUDENTS:GMAC PROVIDES INFORMATION FOR STUDENTS ABOUT THE VALUE OF AND PROCESS FOR OBTAINING AN MBA DEGREE. THIS INFORMATION IS DELIVERED VIA WWW.MBA.COM, AS WELL AS THROUGH OTHER MEDIUMS AS APPROPRIATE. GMAC PROVIDES FREE GMAT TEST PREPARATION SOFTWARE TO STUDENTS. IN ADDITION, GMAC SELLS VARIOUS TEST PREPARATION PRODUCTS, BOTH HARD COPY AND ONLINE.WAYS TO MEASURE - 2013 VALUESWEBSITE VISITS FOR MBA.COM - 9,016,105NUMBER OF DOWNLOADS OF FREE TEST PREP SOFTWARE - 496,259SERVICES FOR SCHOOLS:GMAC PROVIDES INFORMATION FOR SCHOOL PROFESSIONALS ABOUT POTENTIAL STUDENTS AND GRADUATE MANAGEMENT EDUCATION TRENDS AND DEVELOPMENTS. THIS INFORMATION IS DELIVERED VIA WWW.GMAC.COM, AS WELL AS THROUGH OTHER MEDIUMS AS APPROPRIATE. WAYS TO MEASURE - 2013 VALUESMEDIA IMPRESSIONS - 3,350 MILLIONQUALITY MENTIONS OF GMAC IN MEDIA ARTICLES - 2,474WEBSITE VISITS FOR GMAC.COM - 1,047,797THE GRADUATE MANAGEMENT ADMISSION SEARCH SERVICE (GMASS) GIVES SCHOOL ADMISSION PROFESSIONALS ACCESS TO QUALIFIED POTENTIAL APPLICANTS WHO HAVE ALREADY SHOWN A STRONG INTEREST IN GRADUATE MANAGEMENT EDUCATION. THEY'VE CREATED AN MBA.COM PROFILE, THEY MAY HAVE TAKEN THE GMAT EXAM...AND THEY'VE SPECIFICALLY CHOSEN TO MAKE THEIR CONTACT AND OTHER INFORMATION AVAILABLE TO SCHOOLS. THIS IS AN ANNUAL, SUBSCRIPTION-BASED SERVICE WITH A POOL OF NAMES THAT FREQUENTLY RENEWS AS INDIVIDUALS MOVE THROUGH THE DECISION-MAKING PROCESS.WAYS TO MEASURE - 2013 VALUESNUMBER OF SEARCHES DONE - 16,868 TOTAL NUMBER OF GMASS SEARCHES COMPLETED IN CALENDAR YEAR 2013SCHOOL FINDER DATA WAREHOUSE CAPTURES BUSINESS SCHOOL ADMISSIONS, ENROLLMENT, AND EMPLOYMENT INFORMATION IN ONE PLACE. THIS DATA, DEFINED BY THE MBA REPORTING CRITERIA IS AN IMPORTANT SOURCE OF OBJECTIVE, CONSISTENT, AND COMPARABLE INDUSTRY INFORMATION FOR PROSPECTIVE STUDENTS (VIA THE MBA.COM SCHOOL SEARCH SERVICE), BUSINESS SCHOOL PROFESSIONALS, AND THE MEDIA.WAYS TO MEASURE - 2013 VALUESNUMBER OF SEARCHES DONE - 302,688NUMBER OF PARTICIPATING SCHOOLS - 1,543NUMBER OF PARTICIPATING PROGRAMS ESTIMATED - 5,059JOB OPENINGS IN GRADUATE MANAGEMENT EDUCATION: TO SUPPORT THE GRADUATE BUSINESS SCHOOL COMMUNITY, GMAC MAINTAINS A CURRENT LIST OF PROFESSIONAL POSITIONS AT BUSINESS SCHOOLS AROUND THE WORLD. THESE OPENINGS ARE POSTED DIRECTLY BY THE SCHOOLS. GMAC SERVES AS THE CENTRAL SOURCE OF NEWS AND INFORMATION IN THE FIELD OF GRADUATE MANAGEMENT EDUCATION.WAYS TO MEASURE - 2013 VALUESNUMBER OF JOB POSTINGS - 262GRADUATE MANAGEMENT NEWS: A FREE ONLINE NEWSLETTER PUBLISHED MONTHLY TO KEEP SCHOOLS UP TO DATE ON TRENDS AND PROVIDES FEATURE ARTICLES ON HOT TOPICS IN THE BUSINESS SCHOOL COMMUNITY.WAYS TO MEASURE - 2013 VALUESGRADUATE MANAGEMENT NEWS EMAILS SENT - 255,173GRADUATE MANAGEMENT NEWS PAGE VIEWS - 76,868MBA LEADERSHIP CONFERENCE: THIS ANNUAL EVENT, GENERALLY HELD IN THE EARLY WINTER, IS OPEN TO ACADEMIC AND ADMINISTRATIVE GRADUATE SCHOOL PROGRAM-LEVEL DEANS AND DIRECTORS-ATTENDANCE IS LIMITED TO ENSURE A FOCUSED AND DRIVEN PROGRAM.WAYS TO MEASURE - 2013 VALUESNUMBER OF TOTAL SCHOOL ATTENDEES - 137THE GMAC ANNUAL INDUSTRY CONFERENCE IN JUNE BRINGS TOGETHER GRADUATE BUSINESS PROFESSIONALS FROM ALL FUNCTIONS AND EXPERIENCE LEVELS FOR NETWORKING, LEARNING SESSIONS, AND DISCUSSIONS ABOUT THE LATEST TRENDS IN GRADUATE MANAGEMENT EDUCATION. WAYS TO MEASURE - 2013 VALUESNUMBER OF TOTAL SCHOOL ATTENDEES - 576THE ADMISSIONS INSTITUTE FOR NEW PROFESSIONALS, HELD IN THE SUMMER, IS DESIGNED FOR PROFESSIONALS FROM GMAT USING SCHOOLS WITH UP TO TWO YEARS OF EXPERIENCE IN BUSINESS SCHOOL ADMISSIONS.WAYS TO MEASURE - 2013 VALUESNUMBER OF TOTAL SCHOOL ATTENDEES - 64THE GLOBAL SYMPOSIA SERIES IS OPEN TO PROFESSIONALS FROM SCHOOLS WORLDWIDE THAT USE THE GMAT AND FOCUSES ON EXPLORING THE STUDENT EXPECTATIONS AND WAYS TO MEET THEM AS WELL AS THE POTENTIAL EMPLOYERS' NEEDS. IT FEATURES TWO EVENTS IN AUTUMN.GMGC 2013 EUROPEAN CONFERENCE:WAYS TO MEASURE - 2013 VALUESNUMBER OF ATTENDEES - 78 INSTITUTIONS REPRESENTED - 33COUNTRIES REPRESENTED - 13GMAC 2013 ASIA PACIFIC CONFERENCE:WAYS TO MEASURE - 2013 VALUESNUMBER OF ATTENDEES - 72 INSTITUTIONS REPRESENTED - 42COUNTRIES REPRESENTED - 15THE GMAC MANAGEMENT EDUCATION FOR TOMORROW (MET) FUND FORMALIZES AND ENHANCES THE GRADUATE MANAGEMENT ADMISSION COUNCIL'S LONG-STANDING COMMITMENT TO INVESTING (FINANCIAL AND IN-KIND) IN STRATEGIC PHILANTHROPIC INITIATIVES THAT BENEFIT AND ADVANCE BUSINESS AND MANAGEMENT EDUCATION GLOBALLY.THE LARGEST PROJECT, THE IDEAS TO INNOVATION CHALLENGE, AWARDED MORE THAN $7.1 MILLION TO 12 PROGRAMS, INCORPORATING ONE OR MORE OF THE 20 IDEAS CHOSEN FROM THE CHALLENGE'S FIRST PHASE, ASKING FOR IDEAS ON HOW TO IMPROVE GRADUATE MANAGEMENT EDUCATION. THESE PROGRAMS ARE CREATING NEW EDUCATION OPPORTUNITIES IN THE US, CANADA, SPAIN, KENYA, BOTSWANA, GHANA AND MORE, AND WILL BE IMPLEMENTED BETWEEN 2013 AND 2017. IN ADDITION, THE FUND AWARDED $250,000 TO THE PHD PROJECT, TO HELP FURTHER ITS MISSION TO PROMOTE ADDITIONAL MINORITY FACULTY IN BUSINESS SCHOOLS. 66644577 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 1 138 0 145 1 0 1 UK HK IN 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SAM REIMER 7036689600 11921 FREEDOM DRIVE NO 300 RESTON VA 20190 JAMES W BRADFORD CHAIR:LEFT PRIOR TO 12.31.13 2.00 X 0 0 0 JIM BRADY BOARD MEMBER 1.00 X 0 0 0 DINA DOMMETT BOARD MEMBER/CHAIR 2.00 X 0 0 0 SEAN FERGUSON BOARD MEMBER 1.00 X 0 0 0 LAWRENCE P FISHER II BOARD MEMBER:LEFT PRIOR TO 12.31.13 1.00 X 0 0 0 ELLEN GLAZERMAN BOARD MEMBER 1.00 X 0 0 0 J MICHAEL HARDIN BOARD MEMBER 1.00 X 0 0 0 MARGUERITE BISHOP LANE BOARD MEMBER 1.00 X 0 0 0 XIONGWEN LU BOARD MEMBER 1.00 X 0 0 0 TOBY MCCHESNEY BOARD MEMBER 1.00 X 0 0 0 ROSEMARIE MECCA BOARD MEMBER 1.00 X 0 0 0 CHRISTINE POON BOARD MEMBER 1.00 X 0 0 0 AJIT RANGNEKAR BOARD MEMBER 1.00 X 0 0 0 ALFONS SAUQUET BOARD MEMBER 1.00 X 0 0 0 BERNARD YEUNG BOARD MEMBER:LEFT PRIOR TO 12.31.13 1.00 X 0 0 0 PATRICK J SHOOLTZ BOARD MEMBER:LEFT PRIOR TO 12.31.13 1.00 X 0 0 0 RAY WHITTINGTON BOARD MEMBER 1.00 X 0 0 0 DAVID A WILSON PRESIDENT AND CEO 40.00 X X 1060674 0 41490 SANGEET CHOWFLA PRESIDENT 40.00 X 224232 0 19176 MARGARET JOBST EXECUTIVE VICE PRESIDENT, 40.00 X 572662 0 47903 MARY SUSAN MOTZ VP, AMERICAS 40.00 X 305053 0 37368 SHELLI H ARNOLD CHIEF OPERATING OFFICER 40.00 X 452810 0 46085 RAMESH THADANI VP, MARKET DEVELOPMENT 40.00 X 374700 0 43447 SAMUEL REIMER CHIEF FINANCIAL OFFICER 40.00 X 420480 0 50242 ROBERT ROSECRANS CHIEF INFORMATION OFFICER 40.00 X 445677 0 50399 SHERRI SAMPSON GENERAL COUNSEL & CORP SEC 40.00 X 398771 0 39915 JULIA TYLER EXECUTIVE VP GLOBAL MARKET 40.00 X 475503 0 58755 LAWRENCE RUDNER VP, RESEARCH & DEVELOPMENT 40.00 X 387792 0 47232 ASHOK SARATHY VP, GMAT OPERATIONS 40.00 X 296231 0 40863 AVIS BENT VP, FINANCE 40.00 X 322766 0 28012 ERNEST ANASTASIO SR. ADVISOR 40.00 X 376310 0 45765 ANDREW MARTELLI VP, COMMUNICATIONS 40.00 X 267472 0 44642 FANMIN GUO VP, PSYCHOMETRIC RESEARCH 40.00 X 281886 0 36948 JOSE CARRERAS VP, MARKETING OPERATIONS 40.00 X 276848 0 43135 6939867 0 721377 76 0 1 0 TENTHWAVE DIGITAL LLC 35 PINELAWN RD STE 207W MELVILLE NY 11747 ADVERTISING CAMPAIGN SERVICES 2258813 SLAIT CONSULTING 100 LANDMARK SQUARE VIRGINIA BEACH VA 23452 IT MAINTENANCE FOR SERVER/SYSTEMS 317970 FULBRIGHT & JAWORSKI 801 PENNSYLVANIA AVE NW WASHINGTON DC DC 20004 GENERAL LEGAL SERVICES 215118 BRUNSWICK GROUP LLC 140 E 45TH ST 30TH FLOOR NEW YORK NY 10017 PR COMMUNICATION SERVICES 150000 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DR 1020 ARLINGTON VA 22203 AUDITING SERVICES 125452 7 TEST OPERATIONS 900099 80487207 80487207 SCHOOL/STUDENT PRODUCTS 900099 5482968 5482968 PROFESSIONAL DEVELOPMENT 900099 652036 652036 86622211 790354 790354 221477111 215799521 5677590 5677590 5677590 1465573 46310 1419263 1419263 MISCELLANEOUS REVENUE 900099 12862 12862 12862 94522280 88041474 0 6480806 683925 683925 199750 199750 228593 228593 5937460 3239067 2698393 16563827 10216266 6347561 1253029 772644 480385 2539284 1499990 1039294 1306295 841202 465093 393139 108621 284518 698379 698379 545481 545481 138977 138977 267999 267999 2673212 1993024 680188 3718353 3712026 6327 2245712 1609207 636505 4164734 175442 3989292 2035621 388031 1647590 4083907 2620473 1463434 232111 101711 130400 1171913 50051 1121862 249707 578 249129 TEST OPERATIONS 34020072 34020072 TEST DEVELOPMENT 3179240 3179240 OTHER EMPLOYEE COSTS 581362 145234 436128 STAFF TRAINING 387206 188252 198954 763813 671178 92635 90263101 66644577 23618524 0 14741584 11184330 1154656 1412182 24432 25188 845341 735924 12653882 5499295 8326500 7154587 109005102 111210040 27137608 28435756 161235223 160158007 16246548 13786767 8124328 7871562 10717023 6927942 35087899 28586271 X 126147324 131571736 126147324 131571736 161235223 160158007 4259179 1165233 0 X X 0 1 X 1 0 X 88050589 86711862 90207381 94549462 88087784 447607078 88050589 86711862 90207381 94549462 88087784 447607078 0 3774986 4438512 5232703 5940438 6705521 26092160 3774986 4438512 5232703 5940438 6705521 26092160 421514918 691485 19630 50987 73167 790354 1625623 691485 19630 50987 73167 790354 1625623 16096 167954 3852 2700 12862 203464 88758170 86899446 90262220 94625329 88891000 449436165 0.93790 0.93680 0.00360 0.00810 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLENOUS INCOME - 2009 AMOUNT: $ 16,096. 2010 AMOUNT: $ 167,954. 2011 AMOUNT: $ 1,198. 2012 AMOUNT: $ 2,700. 2013 AMOUNT: $ 12,862. SALE OF OTHER PRODUCTS - 2011 AMOUNT: $ 2,654. 138977 138977 89900874 90039851 1000000 250000 0 0 1000000 1000000 1000000 3000000 4500000 133045 96424 138977 368446 250000 250000 250000 750000 1125000 6980575 1515291 5465284 3832400 3091864 740536 1840907 892140 948767 7154587 TEST ITEM DEVELOPMENT COSTS 28358185 OTHER ASSETS 77571 28435756 DEFERRED LEASE OBLIGATIONS 6927942 6927942 X 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 FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS TAX POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. THE COUNCIL'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, LOCAL AND FOREIGN AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2010 TO 2012 ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, LOCAL AND FOREIGN AUTHORITIES. 1 EUROPE 1 7 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE. 2957458 EAST ASIA AND THE PACIFIC (HONG KONG OFFICE) 1 4 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE. 1523364 EAST ASIA AND THE PACIFIC (INDIA OFFICE) 1 5 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE. 966183 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. 10000 SOUTH AMERICA 0 0 PROGRAM SERVICES MARKETING GMAC PRODUCTS, SERVICES, RESEARCH AND SUPPORT IN LATIN AMERICA. 7200 EUROPE 0 0 GRANT MAKING PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. 187893 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS IN THE REGION 250 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS IN THE REGION 1750 EUROPE 0 0 GRANTS TO RECIPIENTS IN THE REGION 3000 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 2000 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 1000 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANTS TO RECIPIENTS IN THE STATE 2000 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 1000 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS IN THE REGION 5750 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 6750 3 16 0 0 3 16 5654098 21500 5675598 EUROPE (INCLUDING ICELAND & GREENLAND) TO SUPPORT THE CONFERENCE OF THE INTERNATIONAL TEST COMMISSION THAT FOCUSES ON CHALLENGES OF TESTING PROGRAMS WITHIN A GLOBALIZED WORLD. 12000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) TO SUPPORT NETWORKING EVENTS FOR MANAGEMENT SCHOOL MARKETING PROFESSIONALS AND MEDIA PROFESSIONALS COVERING THE MANAGEMENT EDUCATION AND BUSINESS SCHOOL MARKETPLACE. 10400 WIRE SOUTH AMERICA MARKETING GMAC PRODUCTS, SERVICES, RESEARCH AND INDUSTRY SUPPORT IN LATIN AMERICA. 7200 WIRE NORTH AMERICA PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. 10000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) TO ADVANCE GRADUATE MANAGEMENT EDUCATION BY SUPPORTING NETWORKING, RESEARCH AND PROFESSIONAL DEVELOPMENT AMONGST BUSINESS SCHOOLS AND INDUSTRY STAKEHOLDERS. 115493 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) TO SPONSOR A STRATEGIC GLOBAL PARTNERSHIP WITH THE BUSINESS SCHOOL AND STUDENT MEMBERSHIP OF THE ASSOCIATION OF MBAS IN THE UK AND WORLDWIDE. 50000 WIRE 8 0 FEE WAIVER CENTRAL AMERICA AND THE CARIBBEAN 1 250 CASH DISBURSEMENT FEE WAIVER EAST ASIA AND THE PACIFIC 7 1750 CASH DISBURSEMENT FEE WAIVER EUROPE 12 3000 CASH DISBURSEMENT FEE WAIVER MIDDLE EAST AND NORTH AFRICA 8 2000 CASH DISBURSEMENT FEE WAIVER NORTH AMERICA 4 1000 CASH DISBURSEMENT FEE WAIVER RUSSIA & THE NEWLY INDEPENDENT STATES 8 2000 CASH DISBURSEMENT FEE WAIVER SOUTH AMERICA 4 1000 CASH DISBURSEMENT FEE WAIVER SOUTH ASIA 23 5750 CASH DISBURSEMENT FEE WAIVER SUB-SAHARAN AFRICA 27 6750 CASH DISBURSEMENT 0 0 0 0 0 0 PART I, LINE 2: GMAC EMPLOYEES WHO ARE DIRECTLY RESPONSIBLE FOR THE BUDGETED FUNDS FROM WHICH GRANTS ARE MADE ARE RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS BY THE RECIPIENTS. 1 GOIZUETA BUSINESS SCHOOL 1762 CLIFTON RD PLAZA 1400 ATLANTA GA 30322 580566256 501C3 8000 TO SUPPORT FOR UBSLC, PROVIDING FORUM FOR THE TOP UNDERGRADUATE BBA STUDENTS TO MEET WITH LEADING BUSINESS EXECUTIVES TO BECOME MORE EFFECTIVE LEADERS. NATIONAL HBCU DEANS ROUNDTABLE HOWARD UNIVERSITY SCHOOL OF BUSINESS WASHINGTON DC 20059 721491905 501C3 10000 TO SUPPORT A FORUM FOR DEANS OF HBCU BUSINESS SCHOOLS WORKING ON ENHANCING BUSINESS PROGRAMS & INITIATIVES. BETA GAMMA SIGMA 125 WELDON PARKWAY MARYLAND HEIGHTS MO 63043 431322067 501C3 5000 TO SUPPORT THE BGS UNDERGRADUATE INTERNSHIP PROGRAM. ILLINOIS INSTITUTE OF TECHNOLOGY 3300 SFEDERAL STREET MAIN BLDG CHICAGO IL 601763793 362170136 501C3 23456 TO CONDUCT RESEARCH ON IDIOSYNCRATIC DEALS IN WORKPLACE AND EMPLOYEES' CAREER OUTCOMES: THE ROLE OF MBA DEGREE. THE UNIVERSITY OF TEXAS AT TYLER 3900 UNIVERSITY BOULEVARD TYLER TX 757990001 751396988 SEC 170 STATE AGENCY 5133 TO CREATE A VIRTUAL MANUFACTURING ENVIRONMENT USING VIDEO FEEDS FROM AN EXISTING FACTORY TO ILLUSTRATE CONCEPTS DISCUSSED IN GRADUATE MANAGEMENT COURSEWORK. AACSB INTERNATIONAL PO BOX 116201 ATLANTA GA 303686201 406036286 501C3 96333 PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. ARIZONA STATE UNIVERSITY GBSSA PO BOX 874906 TEMPE AZ 852874906 951644037 501C3 10000 PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. THE ASPEN INSTITUTE 477 MADISON AVENUE NEW YORK NY 10022 840399006 501C3 10000 TO SUPPORT THE ASPEN UNDERGRADUATE BUSINESS EDUCATION CONSORTIUM ADDRESING THE PREPARATION OF STUDENTS FOR THEIR ROLES AS BOTH MANAGERS AND CITIZENS. ASSOCIATION OF TEST PUBLISHERS 2995 ROUND HILL ROAD YORK PA 17042 363918100 501C3 16253 PROMOTE AND ADVANCE INTEGRITY OF ASSESSMENT SERVICES AND PRODUCTS. ORGANIZATIONAL BEHAVIOR TEACHING SOCIETY 3399 NORT ROAD POUGHKEEPSIE NY 12601 942567184 501C3 5000 TO SPONSOR DOCTORAL INSTITUTE, ONE-DAY WORKSHOP DEDICATED TO PROVIDING PROMISING NEW TEACHER-SCHOLARS WITH PERSONAL AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. FORTE FOUNDATION 9600 ESCARPMENT 745 PMB 72 AUSTIN TX 78749 611457145 501C3 40000 TO SPONSOR UNDERGRADUATE OUTREACH ACTIVITIES: CAREER LAUNCH & VIRTUAL CAMPUS. FOUNDATION FOR THE GLOBAL IMPACT 801 SECOND AVENUE 2ND FLOOR NEW YORK NY 10017 161756484 501C3 25000 CORPORATE CHANGE AND INNOVATION AROUND ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES. WYNNE COMMUNICATIONS 1334 PARKVIEW AVENUE SUITE 100 MANHATTAN BEACH CA 90266 954844451 CORPORATION 10000 TO SPONSOR BUSINESS ACCESS MEDIA EVENT WHICH BRINGS THE WORLD'S TOP MBA PROGRAMS TO MEET WITH THE TOP FINANCIAL MEDIA. THE PHD PROJECT ASSOCIATION THREE CHESTNUT RIDGE ROAD MONTVALE NJ 07645 202610773 501C3 250000 TO HELP AFRICAN-AMERICANS, HISPANIC-AMERICANS AND NATIVE AMERICANS ATTAIN BUSINESS PHDS TO BECOME BUSINESS PROFESSORS AND MENTOR THE NEXT GENERATION. STUDENT VETERANS OF AMERICA 1625 K ST SUITE 320 WASHINGTON DC 20006 261971279 501C3 15000 TO SUPPORT STUDENT VETERAN SUCCESS CORPS, NATIONAL CONFERENCE & LEADERSHIP INSTITUTE OF STIUDENT VATERANS OF AMERICA THAT HELPS MILITARY VETERANS TO SUCCEED IN ATTAINING HIGHER EDUCATION. TEACH FOR AMERICA WEBSTER GROUP WASHINGTON DC 20016 133541913 501C3 10000 TO SUPPORT THE MOVEMENT PROVIDING AN EXCELLENT EDUCATION FOR KIDS IN LOW-INCOME COMMUNITIES. MBA CAREER SERVICES COUNCIL POBOX 47478 TAMPA FL 33646 522134267 501C6 10000 PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. MAKE KIDS SMILE INC 507 FORTRESS CIRCLE LEESBURG VA 20175 311671292 501C3 14889 TO BUILD A PLAYGROUND IN FORT DUPONT PARK. PINCKLEY PRIZE MEMORIAL FOUNDATION 4224 VINCENNESS PL NEW ORLEANS LA 70125 501C3 20000 TO SUPPORT DIANA PINKLEY'S COMMITMENT TO EDUCATION AND HELPING YOUNG PEOPLE FROM DISADVANTAGED BACKGROUNDS STAY IN SCHOOL. WOLF TRAP FOUNDATION FOR PERFORMING ARTS 1645 TRAP ROAD VIENNA VA 22182 237011544 501C3 25000 FOR CONTINUED SUPPORT OF THE WOLF TRAP FOUNDATION INTERNSHIP PROGRAM, SPECIFICALLY FOR THE JOSIE A. BASS CAREER DEVELOPMENT PROGRAM. THROUGH THIS PROGRAM, WOLF TRAP TAKES AN ACTIVE ROLE IN FOSTERING DIVERSITY IN THE PERFORMING ARTS BY ENCOURAGING YOUNG AFRICAN AMERICAN STUDENTS TO CONSIDER A CAREER IN ARTS MANAGEMENT AND FACILITATING THEIR ENTRY INTO THE FIELD THROUGH A HIGH QUALITY INTERNSHIP EXPERIENCE AT WOLF TRAP. CHILDREN'S NATIONAL MEDICAL CENTER 111 MICHIGAN AVE NW WASHINGTON DC 20010 521640403 501C3 5000 TO SUPPORT CHILDREN'S NATIONAL MEDICAL CENTER. NORTH CAROLINA AGRICULTURAL AND TECHNICAL STATE UNIVERSITY 1601 E MARKET ST GREENSBORO NC 27411 237055330 501C3 10000 FOR DR. QUIESTER CRAIG ENDOWED SCHOLARSHIP. 20 2 FEE WAIVER 799 199750 PART I, LINE 2: GMAC EMPLOYEES WHO ARE DIRECTLY RESPONSIBLE FOR THE BUDGETED FUNDS FROM WHICH GRANTS ARE MADE ARE RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS BY THE RECIPIENTS. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 DAVID A WILSON PRESIDENT AND CEO 645000 0 413848 0 1826 0 25500 0 15990 0 1102164 0 0 0 SANGEET CHOWFLA PRESIDENT 141667 0 0 0 82565 0 13104 0 6072 0 243408 0 0 0 MARGARET JOBST EXECUTIVE VICE PRESIDENT, 379004 0 173167 0 20491 0 25500 0 22403 0 620565 0 0 0 MARY SUSAN MOTZ VP, AMERICAS 208472 0 93413 0 3168 0 20847 0 16521 0 342421 0 0 0 SHELLI H ARNOLD CHIEF OPERATING OFFICER 308025 0 144306 0 479 0 25500 0 20585 0 498895 0 0 0 RAMESH THADANI VP, MARKET DEVELOPMENT 249589 0 121415 0 3696 0 24959 0 18488 0 418147 0 0 0 SAMUEL REIMER CHIEF FINANCIAL OFFICER 292833 0 129567 0 -1920 0 25500 0 24742 0 470722 0 0 0 ROBERT ROSECRANS CHIEF INFORMATION OFFICER 308024 0 136289 0 1364 0 25500 0 24899 0 496076 0 0 0 SHERRI SAMPSON GENERAL COUNSEL & CORP SEC 279726 0 118565 0 480 0 17850 0 22065 0 438686 0 0 0 JULIA TYLER EXECUTIVE VP GLOBAL MARKET 323805 0 151698 0 0 0 45333 0 13422 0 534258 0 0 0 LAWRENCE RUDNER VP, RESEARCH & DEVELOPMENT 272519 0 107812 0 7461 0 25500 0 21732 0 435024 0 0 0 ASHOK SARATHY VP, GMAT OPERATIONS 200379 0 81536 0 14316 0 20038 0 20825 0 337094 0 0 0 AVIS BENT VP, FINANCE 73384 0 58510 0 190872 0 7338 0 20674 0 350778 0 0 0 ERNEST ANASTASIO SR. ADVISOR 278164 0 98146 0 0 0 25500 0 20265 0 422075 0 0 0 ANDREW MARTELLI VP, COMMUNICATIONS 188097 0 73896 0 5479 0 18810 0 25832 0 312114 0 0 0 FANMIN GUO VP, PSYCHOMETRIC RESEARCH 202292 0 80029 0 -435 0 20229 0 16719 0 318834 0 0 0 JOSE CARRERAS VP, MARKETING OPERATIONS 193283 0 75984 0 7581 0 19328 0 23807 0 319983 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 ALLOW FOR THE CEO. -THE GROSS PAYMENTS TO THE INDIVIDUAL 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 INDIVIDUAL. PART I, LINE 4A AVIS BENT - SEVERANCE PAYMENT - $190,872 FORM 990, PART VI, SECTION A, LINE 6 GRADUATE MANAGEMENT ADMISSION COUNCIL HAS ONE CLASS OF MEMBERS - GRADUATE BUSINESS MANAGEMENT SCHOOLS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE DEAN AND REPRESENTATIVE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THERE IS ONE CLASS OF MEMBER. DECISIONS THAT REQUIRE THEIR APPROVAL ARE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND REVISIONS TO THE BYLAWS. EACH MEMBER HAS EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION B, LINE 11 THE MEMBERS OF THE BOARD OF DIRECTORS ARE EACH ELECTRONICALLY GIVEN ACCESS TO A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS AND ASKED TO REVIEW AND SUBMIT COMMENTS TO GMAC PRIOR TO FILING. VARIOUS GMAC OFFICERS AND STAFF ALSO REVIEWED THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND KEY EMPLOYEE HAS AN ONGOING OBLIGATION TO DISCLOSE POTENTIAL OR ACTUAL CONFLICTS. FOR DIRECTORS, THE DISINTERESTED MEMBERS OF THE BOARD ARE RESPONSIBLE FOR REVIEWING AND DETERMINING WHETHER A CONFLICT EXISTS AND ANY RESTRICTIONS TO BE PLACED ON THE CONFLICTED DIRECTOR. FOR EMPLOYEES, THE CEO, GENERAL COUNSEL AND THE CHIEF OPERATING OFFICER, AS A GROUP, REVIEW POTENTIAL OR ACTUAL CONFLICTS, DETERMINE WHETHER A CONFLICT EXISTS, AND RECOMMEND ACTION. RESTRICTIONS RANGE FROM RECUSAL TO TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE CEO. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS AND APPROVES GMAC CORPORATE GOALS AND OBJECTIVES, EVALUATES THE CEO'S PERFORMANCE IN LIGHT OF SUCH GOALS AND OBJECTIVES AND DETERMINES COMPENSATION BASED ON THIS EVALUATION AND IN ACCORDANCE WITH ANY APPLICABLE EMPLOYMENT AGREEMENT. THE COMMITTEE RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IN EVALUATING PERFORMANCE, INCLUDING OBTAINING AN ANNUAL COMPARABILITY ANALYSIS AS APPROPRIATE TO COMPLY WITH THE RULES OF IRC SECTION 4958. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE COMPENSATION DATA FOR ALL OFFICERS. EVERY OTHER YEAR, GMAC ENGAGES IN THE PROCESS WHICH INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THIS PROCESS WAS LAST PERFORMED IN 2013. FORM 990, PART VI, SECTION C, LINE 19 GMAC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. FORM 8858, LINE 5: GMAC IS AN U.S. ORGANIZATION THAT OWNS 100% OF THE THREE FOREIGN DISREGARDED ENTITIES (GMAC HONG KONG LIMITED, GMAC INDIA PRIVATE LTD AND GRADUATE MANAGEMENT GLOBAL CONNECTION). GRADUATE MANAGEMENT ADMISSION COUNCIL HONG KONG LIMITED 2601 GOLDEN CENTRE 188 DES VOEUX CENTRAL HK CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS HK 1605457 170828 GRADUATE MANAGEMENT ADMISSION COUNCIL GRADUATE MANAGEMENT ADMISSION COUNCIL INDIA PRIVATE LTD STE 303 SUNCITY BUSINESS TOWER GOLF GURGAON IN 980699911 CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS IN 1007815 343170 GRADUATE MANAGEMENT ADMISSION COUNCIL GRADUATE MANAGEMENT GLOBAL CONNECTION CENTRAL CT 25 SOUTHAMPTON BLG LONDON UK 980701860 CONDUCT EDUCATIONAL RESEARCH, EXCHANGE INFO AND PROVIDE SVCS UK 3145982 1272884 GRADUATE MANAGEMENT ADMISSION COUNCIL