CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT

EIN: 430962198 501(c)(3)

CHESTERFIELD, MO

Total Revenue
$57,980,290
Total Expenses
$59,145,704
Total Assets
$8,430,747
Net Assets
$6,191,650
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MO
Principal Officer
PETER J ARANDA III
Phone
6366815553
Tax Period
2023-07-01 to 2024-06-30

CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT, founded in 1971, is a mid-sized nonprofit that reported $58.0M in total revenue in fiscal year 2023.

Mission

THE CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT IS A CONTINUALLY GROWING AND EVOLVING ALLIANCE OF SOME OF THE WORLD'S LEADING GRADUATE BUSINESS SCHOOL'S AND BUSINESS ORGANIZATIONS, SUPPORTED BY THE (CONTINUED ON SCHEDULE O)STRENGTH OF OUR EXTENDED NETWORK OF STUDENTS AND ALUMNI. THE MISSION, THROUGH THE STRENGTH OF OUR GROWING ALLIANCE AND EXTENDED NETWORK, IS TO ENHANCE DIVERSITY AND INCLUSION IN GLOBAL BUSINESS EDUCATION AND LEADERSHIP BY STRIVING TO REDUCE THE SIGNIFICANT UNDERREPRESENTATION OF AFRICAN AMERICANS, HISPANIC AMERICANS, AND NATIVE AMERICANS IN BOTH OUR MEMBER SCHOOLS' ENROLLMENTS AND THE RANKS OF GLOBAL MANAGEMENT. WE BELIEVE THIS MISSION CAN BE ACHIEVED BY RECRUITING FOR GRADUATE BUSINESS EDUCATION QUALIFIED U.S. CITIZENS AND U.S. PERMANENT RESIDENTS WHO DEMONSTRATE A COMMITMENT TO THE CONSORTIUM'S MISSION AND WHO CAN BEST ASSIST THE CONSORTIUM IN PURSUING THIS MISSION.

Program Service Accomplishments

Program 1
Expenses: $57,840,596 Revenue: $57,140,504

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...

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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 23 TOP-TIER UNIVERSITIES AND APPROXIMATELY 1100 STUDENTS ANNUALLY ARE ELIGIBLE FOR FULL FELLOWSHIPS OR OTHER GIFT AID. IN FY2024, THE 2023/2024 CLASSES WERE PROVIDED $58.0 MILLION IN SUPPORT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $462,030
Program Service Revenue $57,140,504
Investment Income $330,457
Other Revenue $47,299
TOTAL REVENUE $57,980,290

Expense Breakdown

Grants Paid $55,372,734
Salaries & Benefits $2,352,342
Fundraising Expenses $475,982
Program Expenses $57,840,596
Other Expenses $1,420,628
TOTAL EXPENSES $59,145,704

Year-over-Year Comparison

2023 2022 Change
Revenue $57,980,290 $59,166,869 0.0%
Expenses $59,145,704 $59,247,895 0.0%
Net Income $-1,165,414 $-81,026 +13.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
27
Employees
20
Volunteers
48

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,125,423
Total Directors
28
$413,710
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER J ARANDA III EXECUTIVE DIRECTOR & CEO 37.50
Officer Director
$330,128 $83,582 $413,710
DOROTHY KITTNER BOARD CHAIR 4.00
Officer Director
$0 $0 $0
CYNTHIA SAUNDERS-CHEATHAM CHAIR ELECT 4.00
Officer Director
$0 $0 $0
MICHELLE AITALA TRUSTEE 2.00
Director
$0 $0 $0
ELIDA BATISTA TRUSTEE 2.00
Director
$0 $0 $0
LINA BELL TRUSTEE 3.00
Director
$0 $0 $0
KAVITH BINDRA TRUSTEE 2.00
Director
$0 $0 $0
SUDIPTA DASMOHAPATRA TRUSTEE 2.00
Director
$0 $0 $0
RASHID FARRELL TRUSTEE 2.00
Director
$0 $0 $0
CRYSTAL FAZAL TRUSTEE 3.00
Director
$0 $0 $0
JEAN GEKLER TRUSTEE 2.00
Director
$0 $0 $0
JIM HOLMEN TRUSTEE 3.00
Director
$0 $0 $0
NORMAN JONES TRUSTEE 1.00
Director
$0 $0 $0
RUBY JONES TRUSTEE 1.00
Director
$0 $0 $0
ALEX LAWRENCE TRUSTEE 3.00
Director
$0 $0 $0
REBEKAH LEWIN TRUSTEE 2.00
Director
$0 $0 $0
RODRIGO MALTA TRUSTEE 3.00
Director
$0 $0 $0
COLLEEN MCMULLEN TRUSTEE 2.00
Director
$0 $0 $0
AMY MITSON TRUSTEE 3.00
Director
$0 $0 $0
NOEMI MORILLO-VASQUEZ TRUSTEE 2.00
Director
$0 $0 $0
MARVELL NESMITH TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL ROBINSON TRUSTEE 3.00
Director
$0 $0 $0
BRIAN RUGGIERO TRUSTEE 2.00
Director
$0 $0 $0
BLAIR SANFORD TRUSTEE 2.00
Director
$0 $0 $0
COURTNEY SCHROEDER TRUSTEE 2.00
Director
$0 $0 $0
WIL TORRES TRUSTEE 3.00
Director
$0 $0 $0
CHRISTIAN WEST TRUSTEE 2.00
Director
$0 $0 $0
DAVID WOOTEN TRUSTEE 2.00
Director
$0 $0 $0
JANICE WELLS-WHITE CHIEF OPERATING OFFICER 37.50
Officer
$192,698 $55,877 $248,575
KIMBERLY ALEXANDER VP OF DEVELOPMENT 37.50
Officer
$176,632 $57,509 $234,141
GLENN WILEN VP OF FINANCE & ADMINISTRATION 37.50
Officer
$164,087 $64,910 $228,997
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $57,980,290 $59,145,704 $8,430,747 $-1,165,414
2023 $59,166,869 $59,247,895 $9,516,411 $-81,026
2022 $57,272,361 $56,188,611 $9,583,885 $1,083,750
2021 $50,285,668 $49,201,325 $8,379,089 $1,084,343
2020 $46,681,738 $46,450,467 $7,022,807 $231,271
2019 $44,432,862 $44,092,289 $7,005,247 $340,573
2018 $39,401,327 $38,920,929 $6,604,861 $480,398
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