Consortium Management Group Inc
- Assets
- $144.2m
- Revenue
- $475.0m
- Investments
- $0.0
- Employees
- 23
- Location
- Washington, DC
- Founding
- 09/2014
- Data as of
- 09/2022
- EIN
- 46-4166123
Organization Overview
Consortium Management Group Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (W19) the organization is classified as: Support N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2022, Consortium Management Group Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consortium Management Group Inc 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 09/2022, Consortium Management Group Inc generated $475.0m in total revenue. All expenses for the organization totaled $466.0m during the year ending 09/2022.
Since 2020, Consortium Management Group Inc has awarded 29 individual grants totaling $518,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS MANAGED CONSORTIA, CMG FOSTERS AND FACILITATES COLLABORATIVE RESEARCH, DEVELOPMENT AND DEMONSTRATION OF TECHNOLOGIES OF INTEREST TO THE DEPARTMENT OF DEFENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Frankovic President & COO | Officer | 40 | $613,055 |
Charles W Mcbride Chairman And CEO | OfficerTrustee | 35 | $584,422 |
John Britton Gc/compliance Officer | Officer | 40 | $417,244 |
Mary Reinecke Executive Vice President | Officer | 40 | $408,606 |
Kimberly Blancuzzi Dir. Of Bd/program Mgmt | Officer | 40 | $376,818 |
Raymond Helms Dir. Of Finance/acct (through 5/22) | Officer | 40 | $264,674 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spectranetix Inc Multi-mission Comms/ew/sol. & Eng. | 9/29/22 | $22,501,874 |
Lockheed Martin Corporation R&d, Elec. Warfare & Freq. Testing | 9/29/22 | $35,379,922 |
Rockwell Collins Pos., Nav & Timing Tech. | 9/29/22 | $15,206,842 |
Tiburon Associates Inc R&d/manufac./testing/tech Svcs | 9/29/22 | $33,264,372 |
Digital Receiver Technology Inc Sigint, Ew & Rf Systems | 9/29/22 | $22,662,120 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $474,666,888 |
| Investment income | $126,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $241,690 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $475,035,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| 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. | $3,467,315 |
| Compensation of current officers, directors, key employees. | $2,847,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,408,169 |
| Pension plan accruals and contributions | $276,206 |
| Other employee benefits | $146,706 |
| Payroll taxes | $343,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $198,026 |
| Fees for services: Accounting | $174,866 |
| Fees for services: Lobbying | $383,810 |
| Fees for services: Fundraising | $50,820 |
| Fees for services: Investment Management | $300 |
| Fees for services: Other | $456,100,374 |
| Advertising and promotion | $6,981 |
| Office expenses | $224,295 |
| Information technology | $474,913 |
| Royalties | $0 |
| Occupancy | $506,974 |
| Travel | $82,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $403,065 |
| Interest | $3,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,041 |
| Insurance | $310,774 |
| All other expenses | $31,395 |
| Total functional expenses | $466,010,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,430,298 |
| Savings and temporary cash investments | $91,692,936 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,424,592 |
| 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 | $271,115 |
| Net Land, buildings, and equipment | $298,328 |
| Investments—publicly traded securities | $8,176,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $914,525 |
| Other assets | $1,979,418 |
| Total assets | $144,188,048 |
| Accounts payable and accrued expenses | $33,947,002 |
| Grants payable | $0 |
| Deferred revenue | $54,820,084 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,005,276 |
| Total liabilities | $90,772,362 |
| Net assets without donor restrictions | $53,415,686 |
| Net assets with donor restrictions | $0 |
| 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 | $144,188,048 |
Grants Awarded
Over the last fiscal year, Consortium Management Group Inc has awarded $168,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
SMCM FOUNDATION PURPOSE: SUPPORT OF STEM WORKFORCE DEVELOPMENT | $30,000 |
Warrenton, VA PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $20,000 |
Bealeton, VA PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $20,000 |
Morristown, NJ PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $15,000 |
Bound Brook, NJ PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $10,000 |
Annapolis, MD PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consortium Management Group Inc Washington, DC | $144,188,048 | $475,035,533 |
Conference Of State Bank Supervisors Inc Washington, DC | $259,861,102 | $119,445,355 |
World Wide Web Foundation Washington, DC | $1,237,809 | $4,976,356 |
Americans For Tax Reform Foundation Washington, DC | $2,525,474 | $1,841,532 |
Associates For Renewal In Education Washington, DC | $678,918 | $1,672,739 |
United Service Organizations Inc Norfolk, VA | $0 | $1,039,563 |
New Markets Tax Credit Coalition Washington, DC | $266,219 | $863,507 |
Adc Research Institute Washington, DC | $420,358 | $727,523 |
Cultivate The Karass Arlington, VA | $138,968 | $0 |
So Md Vacation For Vets California, MD | $47,624 | $13,572 |
Tei Education Fund Washington, DC | $112,024 | $0 |
Baltimore County Inaugural Inc Pikesville, MD | $0 | $0 |