Consortium For Graduate Study In Management
- Assets
- $9.6m
- Revenue
- $57.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Chesterfield, MO
- Founding
- 07/1971
- Data as of
- 06/2022
- EIN
- 43-0962198
Organization Overview
Consortium For Graduate Study In Management is located in Chesterfield, MO. The organization was established in 1971. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, Consortium For Graduate Study In Management employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consortium For Graduate Study In Management is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Consortium For Graduate Study In Management generated $57.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $56.2m during the year ending 06/2022. While expenses have increased by 7.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE DIVERSITY IN BUSINESS EDUCATION AND LEADERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS INCEPTION IN 1966, THE CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT'S PRINCIPAL OBJECTIVE HAS BEEN TO ENCOURAGE UNDERREPRESENTED MINORITIES AND THOSE WHO SUPPORT OUR MISSION TO PURSUE MASTERS DEGREES IN BUSINESS ADMINISTRATION AT ONE OF OUR MEMBER SCHOOLS FULL TIME MBA PROGRAMS. TODAY WE HAVE 21 TOP-TIER UNIVERSITIES AND APPROXIMATELY 1100 STUDENTS ANNUALLY ARE ELIGIBLE FOR FULL FELLOWSHIPS OR OTHER GIFT AID. IN 2021 THE 2021/2022 CLASSES WERE PROVIDED $52.3 MILLION OF SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Aranda Executive Director & CEO | OfficerTrustee | 50 | $355,986 |
Janice Wells-White VP Of Program Admin | Officer | 37.5 | $172,393 |
Kimberly Alexander VP Of Development | Officer | 37.5 | $167,166 |
Glenn Wilen VP Of Finance & Admin | Officer | 37.5 | $158,547 |
Blair Sanford Board Vice Chairman | OfficerTrustee | 3 | $0 |
Vallabh Sambamurthy Board Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $266,262 |
| All other contributions, gifts, grants, and similar amounts not included above | $970,121 |
| Noncash contributions included in lines 1a–1f | $749 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,236,383 |
| Total Program Service Revenue | $55,890,015 |
| Investment income | $145,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,272,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,058,467 |
| Compensation of current officers, directors, key employees. | $366,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $755,243 |
| Pension plan accruals and contributions | $51,542 |
| Other employee benefits | $116,704 |
| Payroll taxes | $101,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $276,398 |
| Advertising and promotion | $144,388 |
| Office expenses | $255,102 |
| Information technology | $8,209 |
| Royalties | $0 |
| Occupancy | $70,684 |
| Travel | $836,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,538 |
| Insurance | $8,579 |
| All other expenses | $0 |
| Total functional expenses | $56,188,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,686,254 |
| Savings and temporary cash investments | $12,309 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,319,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $166,600 |
| Net Land, buildings, and equipment | $1,171,854 |
| Investments—publicly traded securities | $2,227,454 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,583,885 |
| Accounts payable and accrued expenses | $1,682,962 |
| Grants payable | $0 |
| Deferred revenue | $525 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $522,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,206,307 |
| Net assets without donor restrictions | $5,739,721 |
| Net assets with donor restrictions | $1,637,857 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,583,885 |
Grants Awarded
Over the last fiscal year, Consortium For Graduate Study In Management has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Louis, MO PURPOSE: EDUCATIONAL AWARD | $5,000 |
Albuquerque, NM PURPOSE: AMERICAN INDIAN ALASKAN NATIVE SCHOLARSHIP | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Consortium For Graduate Study In Management has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Alvin Marley Foundation Inc Wilmington, DE PURPOSE: WALLACE L. JONES ENDOWMENT FUND | $5,000 |
Alvin Marley Foundation Inc Wilmington, DE PURPOSE: THE CONSORTIUM ANNUAL FUND | $2,500 |
Endowment Analysis
| Beg. Balance | $1,846,814 |
| Earnings | -$200,232 |
| Net Contributions | $101,775 |
| Grants | $110,500 |
| Ending Balance | $1,637,857 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Ridge Associated Universities Inc Oak Ridge, TN | $44,030,627 | $90,563,395 |
Consortium For Graduate Study In Management Chesterfield, MO | $9,583,885 | $57,272,361 |
Illinois Education Association Springfield, IL | $64,667,828 | $57,614,736 |
American Library Association Chicago, IL | $94,861,095 | $46,373,776 |
Iowa State Education Assn Des Moines, IA | $17,572,600 | $14,015,697 |
Association Of Diabetes Care & Education Specialists Chicago, IL | $25,105,148 | $12,812,259 |
Illinois Association Of School Boards Springfield, IL | $19,198,603 | $11,091,944 |
Tennessee Education Association Inc Nashville, TN | $10,428,351 | $9,646,926 |
Kansas National Education Association Topeka, KS | $10,511,608 | $8,689,631 |
Missouri National Education Association Jefferson City, MO | $11,252,448 | $8,353,095 |
College And University Professional Association For Human Resources Knoxville, TN | $15,862,589 | $7,812,208 |
American College Of Foot And Ankle Surgeons Chicago, IL | $15,138,521 | $7,600,538 |