Overview
What is Consortium Management Group Inc?
Consortium Management Group Inc, based in Washington, D.C., is a nonprofit organization that fosters collaboration and facilitates research, development, and demonstration of advanced technologies of interest to the Department of Defense. They create and manage consortia consisting of industry, academic, and nonprofit research entities. By utilizing other transaction authority, they enable collaborative efforts between consortia members and the Department of Defense, thereby reducing government burden and expanding the available industrial base. This approach allows the Department of Defense to leverage commercial innovation and investments in technology, accelerating the delivery of new capabilities to the military.
Official website here: www.cmgcorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Consortium Management Group Inc has received a solid Three-Star rating from Charity Navigator, reflecting a significant focus on accountability and finance. The rating is entirely based on their Accountability & Finance score of 81%, which indicates that the organization demonstrates a commitment to financial transparency and responsible management of its resources.
Strengths of the organization include a high percentage of independent board members, with 83% of the board being independent, and a strong program expense ratio of 98.46%. These factors suggest that the majority of the funding is directed towards programs rather than administrative costs, which is a positive indicator for potential donors. The organization has also established various governance policies, including conflict of interest and whistleblower policies, which further enhance their accountability.
While the overall rating is commendable, it is important to note that it is solely based on financial metrics. This could limit the understanding of the organization's impact and effectiveness beyond financial management. Overall, Consortium Management Group Inc shows strong governance and fiscal responsibility, making it a trustworthy option for those looking to support nonprofit endeavors.
This AI summary has been generated from information found on Charity Navigator.
Is Consortium Management Group Inc legitimate?
Consortium Management Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consortium Management Group Inc 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: $3,467,315
Professional Fundraising Fees: $50,820
Other Salaries and Wages: $2,408,169
For more financial information, click here
Official website here: www.cmgcorp.org
What is the mission statement of Consortium Management Group Inc?
Consortium Management Group Inc is dedicated to establishing and overseeing consortia comprised of industry, academic, and nonprofit research entities. Their primary objective is to facilitate collaborative research, development, and demonstration of advanced technologies between consortia members and the Department of Defense (DOD). By doing so, Consortium Management Group, Inc. (CMG) reduces the government's burden and expands the industrial base accessible to the DOD. CMG plays a crucial role in enabling the DOD to leverage commercial innovation and investments in technology, thereby accelerating the delivery of new capabilities to the military.
Official website here: www.cmgcorp.org
Who is the CEO of Consortium Management Group Inc?
Charles W Mcbride is the Chairman And Ceo of Consortium Management Group Inc. The CEO's salary of Consortium Management Group Inc is $584,422 and their total compensation is $689,641.
Official website here: www.cmgcorp.org
What is the revenue of Consortium Management Group Inc?
Consortium Management Group Inc's revenue in 2022 was $475,035,533.
Official website here: www.cmgcorp.org
Who are the executives of Consortium Management Group Inc and what are their salaries?
The average compensation at Consortium Management Group Inc during 2022 was $255,456. There are 23 employees and 5 volunteers at Consortium Management Group Inc.
Here are 16 key members and their salaries (Consortium Management Group Inc's CEO's salary is $584,422 and their total compensation is $689,641):
- Compensation: $584,422
- Related: $0
- Other: $105,219
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $613,055
- Related: $0
- Other: $77,419
- Compensation: $417,244
- Related: $0
- Other: $88,831
- Compensation: $408,606
- Related: $0
- Other: $91,386
- Compensation: $376,818
- Related: $0
- Other: $49,119
- Compensation: $264,674
- Related: $0
- Other: $91,996
- Compensation: $232,661
- Related: $0
- Other: $37,146
- Compensation: $217,146
- Related: $0
- Other: $38,103
- Compensation: $204,058
- Related: $0
- Other: $32,055
- Compensation: $177,978
- Related: $0
- Other: $50,770
- Compensation: $159,155
- Related: $0
- Other: $26,560
Official website here: www.cmgcorp.org
Where can I find the form 990 for Consortium Management Group Inc?
Consortium Management Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmgcorp.org
Learn more at the official website: www.cmgcorp.org
Mission Statement of Consortium Management Group Inc
Consortium Management Group Inc, a leading organization, is dedicated to creating and managing consortia comprising industry, academic, and nonprofit research entities. By facilitating collaborative research, development, and demonstration of cutting-edge technologies between consortia members and the Department of Defense (DOD), this esteemed group lessens the burden on the government and expands the industrial base available to it. In doing so, Consortium Management Group, Inc. provides a valuable pathway for the DOD to leverage commercial innovation and investments in technology required to accelerate the delivery of new capabilities to the warfighter. Through its unique approach, the organization contributes significantly to the advancement of technology and defense capabilities, bridging the gap between the public and private sectors.
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Impact
October, 2024
Consortium Management Group Inc. (CMG) significantly influences the landscape of technology development and collaboration within the defense sector. By managing consortia that bring together industry, academic, and research entities, CMG facilitates critical partnerships aimed at advancing research, development, and demonstration of technologies pertinent to the Department of Defense (DoD).
The organization creates a collaborative environment where diverse stakeholders can leverage their innovations and resources, resulting in accelerated delivery of cutting-edge capabilities to military personnel. Through its use of Other Transaction Authority, CMG streamlines the processes involved in technology development, reducing the bureaucratic burden typically associated with government contracts. This not only enhances the efficiency of collaborative efforts but also helps expand the industrial base available to the government.
By fostering these partnerships, CMG plays a vital role in ensuring that the DoD can effectively tap into commercial advancements and investment in technology, thus equipping the warfighter with the best tools available. Ultimately, Consortium Management Group Inc. contributes to national security by bridging the gap between commercial innovation and defense needs, ensuring that military forces remain at the forefront of technological capabilities.
This information is meant to be a general summary of Consortium Management Group Inc. 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: $368,645
- Program Service Revenue: $474,666,888
- Gross Receipts: $482,293,843
Assets and Liabilities:
- Total Assets: $144,188,048
- Total Liabilities: $90,772,362
- Net Assets: $53,415,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTA CONTRACT REVENUE
Revenue
$455,253,533
OTA ADMINISTRATION FEES
Revenue
$18,857,355
MEMBERSHIP DUES
Revenue
$556,000
Organization Details
Founding Year
2013
Phone
(202) 466-4211Principal Officer
Charles W Mcbride
Main Address
1025 CONNECTICUT AVE NW 904, WASHINGTON, DC, 20036
Website
www.cmgcorp.orgNTEE Category
Code: W19 - Public benefit
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