Nonprofit · EIN 43-0962198
CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT
Tax-exempt · CHESTERFIELD, MO 63005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $62,508,455 | $63,491,729 | -$983,274 | $7,137,399 | $2,095,586 | $5,041,813 |
| June 30, 2024 | 990 | $57,980,290 | $59,145,704 | -$1,165,414 | $8,430,747 | $2,239,097 | $6,191,650 |
| June 30, 2023 | 990 | $59,166,869 | $59,247,895 | -$81,026 | $9,516,411 | $2,159,347 | $7,357,064 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,693,601
- Program service revenue
- $60,206,227
- Investment income
- $283,655
- Net gain from sales of assets
- $131,127
- Other revenue
- $324,972
Expenses
- Grants and similar amounts paid
- $58,923,669
- Compensation of officers, directors and key employees
- $1,030,958
- Other salaries and wages
- $760,288
- Salaries, compensation and benefits (total)
- $2,085,390
- Professional fundraising fees
- $0
- Accounting fees
- $55,656
- Occupancy
- $39,842
- Travel
- $133,727
- Depreciation
- $80,123
- Program services (functional)
- $61,928,142
- Management and general (functional)
- $1,292,968
- Fundraising (functional)
- $270,619
Balance sheet and other
- Total assets, start of year
- $8,430,747
- Total assets, end of year
- $7,137,399
- Total liabilities, end of year
- $2,095,586
- Net assets, end of year
- $5,041,813
- Land, buildings and equipment
- $1,228,715
- Publicly traded securities
- $4,692,915
- Net assets without donor restrictions
- $2,676,400
- Net assets with donor restrictions
- $2,365,413
- Gross receipts
- $62,509,318
- Employees
- 18
- Volunteers
- 50
- Year formed
- 1971
- State of legal domicile
- MO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER J ARANDA III | EXECUTIVE DIRECTOR & CEO Trustee or director, Officer | 40 | $329,015 | $84,986 |
| KIMBERLY ALEXANDER | VP OF DEVELOPMENT Officer | 40 | $177,197 | $58,725 |
| GLENN WILEN | VP OF FINANCE & ADMINISTRATION Officer | 40 | $163,894 | $52,168 |
| JANICE WELLS-WHITE | CHIEF OPERATING OFFICER (THRU 8/24) Officer | 40 | $124,484 | $38,453 |
| MICHAEL BATES | VP OF PROGRAMMING Officer | 40 | $99,546 | $0 |
| DOROTHY KITTNER | BOARD CHAIR Trustee or director, Officer | 7 | $0 | $0 |
| CYNTHIA SAUNDERS-CHEATHAM | CHAIR ELECT Trustee or director, Officer | 7 | $0 | $0 |
| MICHELLE AITALA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ELIDA BATISTA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| LINA BELL | TRUSTEE Trustee or director | 3 | $0 | $0 |
| KAVITH BINDRA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUDIPTA DASMOHAPATRA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| RASHID FARRELL | TRUSTEE (THRU 8/24) Trustee or director | 2 | $0 | $0 |
| CRYSTAL FAZAL | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JEAN GEKLER | TRUSTEE Trustee or director | 2 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM HOLMEN | TRUSTEE Trustee or director | 3 | $0 |
| RUBY JONES | TRUSTEE Trustee or director | 3 | $0 |
| ALEX LAWRENCE | TRUSTEE Trustee or director | 4 | $0 |
| REBEKAH LEWIN | TRUSTEE Trustee or director | 2 | $0 |
| RODRIGO MALTA | TRUSTEE Trustee or director | 4 | $0 |
| COLLEEN MCMULLEN | TRUSTEE Trustee or director | 3 | $0 |
| AMY MITSON | TRUSTEE Trustee or director | 4 | $0 |
| NOEMI MORILLO-VASQUEZ | TRUSTEE Trustee or director | 3 | $0 |
| MARVELL NESMITH | TRUSTEE Trustee or director | 2 | $0 |
| MICHAEL ROBINSON | TRUSTEE Trustee or director | 5 | $0 |
| BRIAN RUGGIERO | TRUSTEE Trustee or director | 1 | $0 |
| BLAIR SANFORD | TRUSTEE Trustee or director | 3 | $0 |
| WIL TORRES | TRUSTEE Trustee or director | 3 | $0 |
| CHRISTIAN WEST | TRUSTEE Trustee or director | 2 | $0 |
| DAVID WOOTEN | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER J ARANDA III | EXECUTIVE DIRECTOR & CEO Trustee or director, Officer | 37.5 | $330,128 | $83,582 |
| JANICE WELLS-WHITE | CHIEF OPERATING OFFICER Officer | 37.5 | $192,698 | $55,877 |
| KIMBERLY ALEXANDER | VP OF DEVELOPMENT Officer | 37.5 | $176,632 | $57,509 |
| GLENN WILEN | VP OF FINANCE & ADMINISTRATION Officer | 37.5 | $164,087 | $64,910 |
| DOROTHY KITTNER | BOARD CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| CYNTHIA SAUNDERS-CHEATHAM | CHAIR ELECT Trustee or director, Officer | 4 | $0 | $0 |
| MICHELLE AITALA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELIDA BATISTA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LINA BELL | TRUSTEE Trustee or director | 3 | $0 | $0 |
| KAVITH BINDRA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUDIPTA DASMOHAPATRA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RASHID FARRELL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CRYSTAL FAZAL | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JEAN GEKLER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JIM HOLMEN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| NORMAN JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RUBY JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALEX LAWRENCE | TRUSTEE Trustee or director | 3 | $0 | $0 |
| REBEKAH LEWIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RODRIGO MALTA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| COLLEEN MCMULLEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| AMY MITSON | TRUSTEE Trustee or director | 3 | $0 | $0 |
| NOEMI MORILLO-VASQUEZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARVELL NESMITH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL ROBINSON | TRUSTEE Trustee or director | 3 | $0 | $0 |
| BRIAN RUGGIERO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BLAIR SANFORD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| COURTNEY SCHROEDER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WIL TORRES | TRUSTEE Trustee or director | 3 | $0 | $0 |
| CHRISTIAN WEST | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID WOOTEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER ARANDA | EXECUTIVE DIRECTOR & CEO Trustee or director, Officer | 37.5 | $330,381 | $69,374 |
| KIMBERLY ALEXANDER | VP OF DEVELOPMENT Officer | 37.5 | $177,929 | $48,129 |
| JANICE WELLS-WHITE | VP OF PROGRAM ADMIN Officer | 37.5 | $173,962 | $42,903 |
| GLENN WILEN | VP OF FINANCE & ADMIN Officer | 37.5 | $162,769 | $42,554 |
| VALLABH SAMBAMURTHY | BOARD CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| BLAIR SANFORD | BOARD VICE CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| MICHELLE AITALA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIDA BAUTISTA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LINA BELL | TRUSTEE Trustee or director | 3 | $0 | $0 |
| KAVITHA BINDRA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| COREY DORTCH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RASHID FARRELL | TRUSTEE Trustee or director | 15 | $0 | $0 |
| JEAN GEKLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIM HOLMEN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| NORMAN JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTIE JULIEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DOROTHY KITTNER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ALEX LAWRENCE | TRUSTEE Trustee or director | 3 | $0 | $0 |
| REBEKAH LEWIN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PRASHANT MALAVIYA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RODRIGO MALTA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| COLLEEN MCMULLEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| AMY MITSON | TRUSTEE Trustee or director | 3 | $0 | $0 |
| NOEMI MORILLO-VASQUEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELAINE PADILLA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL ROBINSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRIAN RUGGIERO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TAMMY SAMUELS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NAOMI SANCHEZ | TRUSTEE (THRU 01/23) Trustee or director | 2 | $0 | $0 |
| CYNTHIA SAUNDERS-CHEATHAM | TRUSTEE Trustee or director | 3 | $0 | $0 |
| COURTNEY SCHROEDER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| APRIL TAYLOR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WIL TORRES | TRUSTEE Trustee or director | 3 | $0 | $0 |
| BRIAN WESLEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JAZMYN WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID WOOTEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MAHENDRA GUPTA | TREASURER Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 229 CHESTERFIELD BUS PKWY, CHESTERFIELD, MO 63005-1241
- Principal officer (990 for 2024)
- ERIC ALLEN, 229 CHESTERFIELD BUSINESS PARKWAY, CHESTERFIELD, MO 63005
- Signed the 990
- ERIC ALLEN, EXECUTIVE DIRECTOR & CEO
- Phone
- (636) 681-5553
- Website
- WWW.CGSM.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
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 accomplishments
- 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 FY2025, THE 2025/2026 CLASSES WERE PROVIDED $58.9 MILLION IN SUPPORT.Expenses $61,928,142 · grants $58,923,669 · revenue $60,206,227
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 43-0962198
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1971
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,137,399
- Income (IRS master file)
- $62,509,318
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $62,508,455 | $63,491,729 | $7,137,399 | IRS |
| 990 | June 2024 | $57,980,290 | $59,145,704 | $8,430,747 | IRS |
| 990 | June 2023 | $59,166,869 | $59,247,895 | $9,516,411 | XML |
| 990 | June 2022 | $57,272,361 | $56,188,611 | $9,583,885 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 43-0962198).
Questions about CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT
- What is the EIN of CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT?
- The employer identification number (EIN) of CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT is 43-0962198.
- Is CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT?
- The 990 for the year ended June 30, 2025 names ERIC ALLEN.
- Who are the officers and directors of CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT?
- The 990 for the year ended June 30, 2025 lists 30 people; 5 received compensation from the organization, the highest $329,015 (PETER J ARANDA III, EXECUTIVE DIRECTOR & CEO).
- How much revenue does CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $62,508,455, expenses of $63,491,729 and total assets of $7,137,399 at year end.
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