Overview
What is Consortium For Graduate Study In Management?
The Consortium for Graduate Study in Management is a nonprofit organization founded in 1966, located in Chesterfield, Missouri. Its primary objective is to encourage underrepresented minorities and those who share its mission to pursue full-time Master's degrees in Business Administration at one of its 21 affiliated top-tier universities. With approximately 1,100 students annually, the Consortium provides substantial financial support, totaling $52.3 million in 2021, in the form of full fellowships and other gift aid. Its mission is to enhance diversity and inclusion in global business education and leadership by addressing the underrepresentation of African Americans, Hispanic Americans, and Native Americans in both member schools' enrollments and the ranks of management. The Consortium's continuous growth and evolution include a powerful alliance of leading business schools and organizations, supported by an extended network of students and alumni.
Official website here: www.cgsm.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
The Consortium for Graduate Study in Management has earned a strong Four-Star rating from Charity Navigator with a score of 92%. This rating highlights the organization’s exceptional accountability and financial health, as the overall score is derived solely from its performance in these areas. The charity demonstrates robust governance practices, featuring a predominantly independent board and effective audit oversight, which reflects a commitment to maintaining transparency and integrity.
Strengths of the organization include its impressive program expense ratio of 97.58%, indicating that a significant portion of its resources is dedicated to its core mission. Additionally, the organization has no material diversion of assets, which further underscores its sound financial management. The inclusion of board meeting minutes and the listing of the tax form on the nonprofit's website support a transparent operational approach.
However, there are noted limitations in the organization’s policies, specifically the absence of a whistleblower policy and a document retention and destruction policy, which received no points in those areas. While these gaps do not significantly detract from its overall financial standing, addressing them could enhance the organization’s governance framework.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Consortium For Graduate Study In Management?
100% of six reviewers on Facebook recommend the Consortium for Graduate Study in Management. Here is a summary of their reviews:
Participants appreciated the valuable experience at the Consortium MAPS seminar in San Francisco, highlighting its ability to simplify the Consortium process. The opportunity to engage with distinguished admissions representatives was particularly praised, making attendees feel more connected and informed about their options.
Overall, the positive sentiment reflects that this organization effectively fulfills its mission of supporting prospective graduate students by providing essential resources and networking opportunities.
This AI summary has been generated from reviews found on Facebook.
Is Consortium For Graduate Study In Management legitimate?
Consortium For Graduate Study In Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consortium For Graduate Study In Management submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,058,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $755,243
For more financial information, click here
Official website here: www.cgsm.org
What is the mission statement of Consortium For Graduate Study In Management?
The Consortium for Graduate Study in Management is a dynamic alliance of top graduate business schools and organizations, united by a mission to foster diversity and inclusion in global business education and leadership. Through the power of their expanding alliance and extensive network of students and alumni, they strive to address the under-representation of African Americans, Hispanic Americans, and Native Americans in academic enrollments and management ranks. The Consortium achieves this mission by recruiting qualified U.S. citizens and permanent residents who demonstrate a commitment to their mission and can contribute to their pursuit of a more diverse business landscape. The organization's activities are geared towards enhancing opportunities for underrepresented groups in business education and leadership.
Official website here: www.cgsm.org
Who is the CEO of Consortium For Graduate Study In Management?
Peter J Aranda Iii is the Board Chairman of Consortium For Graduate Study In Management. The CEO's salary of Consortium For Graduate Study In Management is $355,986 and their total compensation is $421,258.
Official website here: www.cgsm.org
What is the revenue of Consortium For Graduate Study In Management?
Consortium For Graduate Study In Management's revenue in 2022 was $57,272,361.
Official website here: www.cgsm.org
Who are the executives of Consortium For Graduate Study In Management and what are their salaries?
The average compensation at Consortium For Graduate Study In Management during 2022 was $78,857. There are 23 employees and 37 volunteers at Consortium For Graduate Study In Management.
Here are 31 key members and their salaries (Consortium For Graduate Study In Management's CEO's salary is $355,986 and their total compensation is $421,258):
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- Other: $45,456
Official website here: www.cgsm.org
Where can I find the form 990 for Consortium For Graduate Study In Management?
Consortium For Graduate Study In Management's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cgsm.org
Learn more at the official website: www.cgsm.org
Mission Statement of Consortium For Graduate Study In Management
The Consortium For Graduate Study In Management, a dynamic alliance of leading business schools and organizations, is dedicated to enhancing diversity and inclusion in global business education and leadership. With the support of its extensive network of students and alumni, the Consortium aims to address the significant underrepresentation of African Americans, Hispanic Americans, and Native Americans in both its member schools' enrollments and the ranks of management. By recruiting qualified U.S. citizens and permanent residents who share the Consortium's mission, the organization believes it can make a significant impact on this front.
The Consortium for Graduate Study In Management is a continually growing and evolving alliance, comprised of some of the world's foremost business schools and organizations. Its primary goal is to reduce the underrepresentation of minority groups in business education and leadership positions. The Consortium's mission relies on the collective strength of its growing alliance and extended network to achieve this objective. The organization's unwavering commitment to diversity and inclusion is reflected in its tireless efforts to recruit exceptional students who can contribute to the Consortium's mission and help it reach new heights.
The Consortium's mission is not just about numbers, but about creating opportunities for individuals from underrepresented backgrounds to access the highest levels of business education and leadership. By providing a platform for these students to thrive, the Consortium is not only making a positive impact on their lives, but also contributing to a more diverse and inclusive business world. The organization's unwavering dedication to its mission serves as a beacon of hope and inspiration, paving the way for a future where everyone has an equal opportunity to succeed.
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Impact
October, 2024
The Consortium for Graduate Study in Management plays a pivotal role in enhancing diversity in business education and leadership. Founded in 1966, its principal objective focuses on encouraging underrepresented minorities to pursue full-time MBA programs at its member schools. Through a robust alliance with 21 top-tier universities, the Consortium supports approximately 1,100 students annually, offering full fellowships and other forms of financial aid.
In the 2021-2022 academic year, the Consortium provided an impressive $52.3 million in support to its classes, significantly reducing financial barriers for aspiring business leaders. By fostering an inclusive environment, the Consortium aims to address the underrepresentation of African Americans, Hispanic Americans, and Native Americans within higher education and the corporate landscape. This commitment not only promotes individual academic and career success but also enriches the diversity of perspectives and experiences in global business management. Through its mission, the Consortium strengthens the foundation for future leadership, cultivating a new generation of diverse executives who can drive change within their organizations and communities.
This information is meant to be a general summary of Consortium For Graduate Study In Management. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $145,963
- Program Service Revenue: $55,890,015
- Gross Receipts: $57,273,110
Assets and Liabilities:
- Total Assets: $9,583,885
- Total Liabilities: $2,206,307
- Net Assets: $7,377,578
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION REMISSIONS
Revenue
$52,309,382
NEW SCHOOLS/CORP PA
Revenue
$2,537,787
ORIENTATION PROGRAM RE
Revenue
$830,686
APPLICATION FEES
Revenue
$212,160
Organization Details
Founding Year
1971
Phone
(636) 681-5553Principal Officer
Peter J Aranda Iii
Main Address
229 CHESTERFIELD BUSINESS PARKWAY, CHESTERFIELD, MO, 63005
Website
www.cgsm.orgNTEE Category
Code: B90 - Education
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