2025-11-14T20:23:58-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2024-01-01 237084339 GRADUATE MANAGEMENT ADMISSION COUNCIL GRAD 7036689600 11921 FREEDOM DRIVE 300 RESTON VA 20190 JOY JONES CHIEF EXECUTIVE OFFICER 7036689600 2025-11-14 1 0 MARY TORRETTA P00847851 7038477500 2024 2025-03-06 01:10:19Z JOY JONES 11921 FREEDOM DRIVE 300 RESTON VA 20190 105825508 0 X WWW.GMAC.COM X 1970 VA TO CREATE A WORLD WHERE EVERY PERSON CAN BENEFIT FROM THE BEST BUSINESS EDUCATION FOR THEM. 16 15 133 15 506600 237475 0 2022575 57533693 56428726 6101400 8713190 105606 236782 63740699 67401273 561568 466294 0 0 24905079 26932749 0 0 0 48480397 46817248 73947044 74216291 -10206345 -6815018 191084951 189989204 26509262 25711455 164575689 164277749 X GMAC IS A GLOBAL NONPROFIT ASSOCIATION OF LEADING BUSINESS SCHOOLS THAT CONNECTS FUTURE BUSINESS LEADERS WITH EDUCATIONAL OPPORTUNITIES. WE PROVIDE THE TOOLS & INFORMATION NECESSARY FOR SCHOOLS & TALENT TO DISCOVER & EVALUATE EACH OTHER. 0 0 44162233 45444745 TEST OPERATIONS: GMAC IS COMMITTED TO PROVIDING TOOLS AND SOLUTIONS TO SCHOOLS AND CANDIDATES TO CONNECT WITH AND EVALUATE EACH OTHER SO THAT TALENT DOES NOT GO UNDISCOVERED. GRADUATE MANAGEMENT EDUCATION (GME) PROGRAMS EVALUATE GLOBAL APPLICANTS FROM DIVERSE EDUCATIONAL AND PROFESSIONAL BACKGROUNDS FOR ADMISSION TO MBA AND BUSINESS MASTER'S DEGREE PROGRAMS. THE GMAT (GRADUATE MANAGEMENT ADMISSION TEST), EA (EXECUTIVE ASSESSMENT), AND NMAT BY GMAC ASSESSMENTS ASSIST SCHOOLS IN EVALUATING CANDIDATE ACADEMIC SUCCESS LIKELIHOOD IN GRADUATE MANAGEMENT PROGRAMS ADMISSIONS. AS SUCH, GMAC'S PORTFOLIO OF PREMIER ASSESSMENTS IS RECOGNIZED AS TRUSTED, VALID PREDICTORS OF ACADEMIC SUCCESS FOR GRADUATE BUSINESS PROGRAMS. GMAC'S ASSESSMENTS ARE ACCEPTED BY MORE THAN 7,000 SCHOOLS GLOBALLY.(SEE SCHEDULE O)THE GMAT EXAM HAS BEEN TRUSTED BY SCHOOLS FOR OVER 60 YEARS AS A PROVEN AND RELIABLE MEASUREMENT IN ADMISSIONS. IN 2015, GMAC ACQUIRED THE NMAT EXAMINATION IN INDIA, RENAMED THE NMAT BY GMAC. IN 2016, GMAC LAUNCHED THE EXECUTIVE ASSESSMENT (EA) FOR EXECUTIVE GRADUATE MANAGEMENT PROGRAMS. MORE INFORMATION CAN BE FOUND AT HTTPS://WWW.GMAC.COM/GMAT-OTHER-ASSESSMENTS/ABOUT-OUR-OTHER-ASSESSMENTS. 8422976 466294 10477381 OTHER EDUCATIONAL SERVICES FOR SCHOOLS AND GME CANDIDATES: INCLUDING BUT NOT LIMITED TO, MBA.COM, GMAC.COM, PROFESSIONAL DEVELOPMENT AND EVENTS, AND DISCOVERY AND ENGAGEMENT SOLUTIONS.MBA.COM: GME CANDIDATES ARE PROVIDED A RICH PORTAL VIA WWW.MBA.COM, WHERE THEY CAN LEARN ABOUT THE BENEFITS OF GRADUATE MANAGEMENT EDUCATION AND HOW TO FURTHER THEIR CAREER JOURNEY. ON THE SITE, THERE ARE MYRIAD OPPORTUNITIES TO ASSIST THEM WITH PREPARING FOR THEIR APPLICATIONS, REGISTERING FOR EXAMS, CONNECTING WITH SCHOOLS AND ACCESSING FREE AND PAID TEST PREPARATION MATERIALS. (SEE SCHEDULE O)GMAC.COM: BUSINESS SCHOOL AND HIGHER EDUCATION PROFESSIONALS CAN ACCESS A WEALTH OF INFORMATION VIA GMAC.COM, INCLUDING MARKET INTELLIGENCE, INSIGHTS AND ANALYSIS, WHITE PAPERS, NEWS DIGESTS, NEWSLETTERS, ASSESSMENT RESOURCES, AND TOOLS TO HELP THEM SHARPEN THEIR SKILLS, BE ABREAST OF TRENDS AND TAP INTO INFORMATION AND SERVICES SPECIFICALLY FOR GME PROFESSIONALS.PROFESSIONAL DEVELOPMENT AND EVENTS: GMAC PROVIDES ESSENTIAL PROFESSIONAL LEARNING AND DEVELOPMENT OPPORTUNITIES FOR ADMISSIONS PROFESSIONALS AND OTHER BUSINESS SCHOOL LEADERS, INCLUDING CONVENING GLOBAL EDUCATION CONFERENCES, WORKSHOPS, TRAINING, SEMINARS, SCHOOL EVENTS, WEBINARS AND MORE, BOTH VIRTUAL AND IN-PERSON.DISCOVERY AND ENGAGEMENT SOLUTIONS: GMAC HELPS SCHOOLS REACH THE LARGEST QUALIFIED, GLOBAL CANDIDATE POOL INTERESTED IN PURSUING AN MBA OR BUSINESS MASTER'S DEGREE THROUGH DATA-DRIVEN MARKETING, TOURS AND CONTENT SERVICES. 1048383 0 RESEARCH: GMAC RESEARCH PROVIDES DATA-DRIVEN MARKET INTELLIGENCE AND INSIGHTS FOR THE GRADUATE MANAGEMENT EDUCATION COMMUNITY. AREAS OF FOCUS INCLUDE ANALYSIS OF GRADUATE MANAGEMENT CANDIDATE TEST TAKERS, APPLICATION TRENDS, CORPORATE RECRUITING OUTLOOKS, ALUMNI PERSPECTIVES, AND GLOBAL AND REGIONAL TRENDS IN AREAS OF PROGRAMS, DIVERSITY, TALENT MOBILITY, AND PSYCHOMETRIC VALIDITY. RESEARCH DIRECTLY SUPPORTS AND ENABLES GMAC MEMBER SCHOOLS AND THE GRADUATE MANAGEMENT EDUCATION COMMUNITY WITH INTERACTIVE AND CUSTOM REPORTS AND PROVIDES INSIGHTS THAT ENABLE TWO-WAY DISCOVERY BETWEEN SCHOOLS AND CANDIDATES. MORE INFORMATION CAN BE SEEN AT HTTPS://WWW.GMAC.COM/MARKET-INTELLIGENCE-AND-RESEARCH. 53633592 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 103 0 1 133 1 1 1 1 CH IN UK 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X JENNIFER MARTIN 7036689600 11921 FREEDOM DRIVE STE 300 RESTON VA 20190 JOY JONES CHIEF PRODUCT OFFICER & GENERAL MGR. 40.00 0.00 X X 809629 0 50559 THEMIN SUWARDY CHAIR 1.00 0.00 X X 0 0 0 ISABELLE BAJEUX-BESNAINOU DIRECTOR 1.00 0.00 X 0 0 0 MARTIN BOEHM DIRECTOR 1.00 0.00 X 0 0 0 MUKESH BUTANI DIRECTOR 1.00 0.00 X 0 0 0 ITZIAR DE ROS DIRECTOR 1.00 0.00 X 0 0 0 BRUCE DELMONICO DIRECTOR 1.00 0.00 X 0 0 0 YUAN DING DIRECTOR 1.00 0.00 X 0 0 0 CATHERINE DUGGAN DIRECTOR 1.00 0.00 X 0 0 0 CURTIS FERGUSON DIRECTOR 1.00 0.00 X 0 0 0 SANJIV KAPUR DIRECTOR 1.00 0.00 X 0 0 0 JAY NIBBE DIRECTOR 1.00 0.00 X 0 0 0 FRANCOIS ORTALO-MAGNE DIRECTOR 1.00 0.00 X 0 0 0 ANA MARIA ZERMENO PADILLA DIRECTOR 1.00 0.00 X 0 0 0 GIUSEPPE SODA DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY WILBON DIRECTOR 1.00 0.00 X 0 0 0 ASHISH BHARDWAJ SR VP HEAD ,MARKET DEVELOPMENT (END JUNE 2024) 40.00 0.00 X 447771 0 24906 JENNIFER MARTIN CFO & CORPORATE SECRETARY 40.00 0.00 X 472267 0 43263 KEVIN LEFEW CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 430778 0 27131 ADAM WITWER CHIEF PRODUCT OFFICER 40.00 0.00 X 378380 0 40998 SARAH BENNETT CHIEF MARKETING OFFICER 40.00 0.00 X 347430 0 48012 ASHOK SARATHY VP, ASSESSMENTS 40.00 0.00 X 371609 0 47146 ROBIN EVERETT VP, LEGAL (END AUG 2024) 40.00 0.00 X 267345 0 29468 SABRINA WHITE SVP SCHOOL & INDUSTRY ENGAGEMENT 40.00 0.00 X 399634 0 25452 KYUNGTYEK HAN SR DIR, PSYCHOMETRICIAN 40.00 0.00 X 270649 0 39751 DANIELLE BOLAND MANAGING DIR, ENTERPRISE PRODUCTS 40.00 0.00 X 261238 0 38082 ANA KYPER SR DIR, NEW PRODUCT DEVELOPMENT 40.00 0.00 X 248728 0 38237 4705458 0 453005 12 0 1 0 DESIGN SYSTEMS INTERNATIONAL 68 JAY ST BROOKLYN NY 11201 TECHNOLOGY CONSULTING 905500 CLIFTONLARSENALLEN 950 N GLEBE RD ARLINGTON VA 22203 AUDIT AND TAX SERVICES 193277 QUALTRICS LLC 333 W RIVERPARK DR PROVO UT 84604 TECHNOLOGY CONSULTING 182826 TYTON PARTNERS CAPITAL MARKETS 150 E 52ND ST NEW YORK NY 10022 M&A CONSULTING 150000 THE XELA GROUP 1818 LIBRARY ST STE 500 RESTON VA 20190 TECHNOLOGY CONSULTING 136710 10 2022575 2022575 TEST OPERATIONS 611710 45444745 45444745 SCHOOL/STUDENT PRODUCT 611710 7994502 7994502 MEDIA PRODUCTS 611710 1687285 1180685 506600 PROF. DEVELOPMENT 611710 1302194 1302194 56428726 4087342 4087342 43050083 38424235 4625848 4625848 4625848 INTERCOMPANY REVENUE 611710 105336 105336 131446 131446 236782 67401273 55922126 506600 8949972 227077 227077 39875 39875 199342 199342 5158463 3868847 1289616 17229633 10283444 6946189 913341 577354 335987 2096002 1324955 771047 1535310 970523 564787 412081 41208 370873 682520 68252 614268 506194 506194 4007885 3005914 1001971 3440531 3046324 394207 491140 98228 392912 8665320 5017807 3647513 1899609 379922 1519687 1648734 902662 746072 1445709 1442359 3350 4791836 3990532 801304 250800 50160 200640 TEST OPERATIONS 15210149 15210149 CONTRACT TERM. FEE 988427 988427 GST TAX 612645 612645 MEDIA/STU RECRUITMENT 469709 469709 1293959 817877 476082 74216291 53633592 20582699 0 10282637 9650499 2107423 2365336 1930463 3196336 6291 0 1635989 4511242 17167511 14616623 3290828 2550888 143479192 149498833 3979326 3421624 200000 200000 2341998 24172802 12252448 191084951 189989204 16961791 17181982 2171947 2311008 7375524 6218465 26509262 25711455 X 164575689 164277749 164575689 164277749 191084951 189989204 X -6815018 9706224 -3189146 X 0 1 X 1 0 X 2022575 2022575 60118407 63076773 53170088 56967190 55922126 289254584 60118407 63076773 53170088 56967190 57944701 291277159 0 0 0 291277159 4572565 3332422 3307275 3544803 4087342 18844407 4572565 3332422 3307275 3544803 4087342 18844407 294942 147259 197161 258041 237475 1134878 1724406 32133 55457 105606 236782 2154384 66710320 66588587 56729981 60875640 62506300 313410828 0.92940 0.93870 0.06010 0.05270 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GAIN ON DEBT EXTINGUISHMENT - 2020 AMOUNT: $ 1,724,406. GAIN ON BAD DEBT - 2021 AMOUNT: $ 29,325. ADVOCACY - 2021 AMOUNT: $ 2,808. INTERCOMPANY REVENUE - 2022 AMOUNT: $ 55,457. 2023 AMOUNT: $ 83,451. 2024 AMOUNT: $ 105,336. OTHER REVENUE - 2023 AMOUNT: $ 22,155. 2024 AMOUNT: $ 131,446. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7807326 6700778 1106548 5673274 5625398 47876 3686911 2290447 1396464 2550888 CAPITALIZED TEST ITEMS 7475832 RIGHT OF USE ASSETS 2858365 OTHER ASSETS 1144809 DEFERRED COMPENSATION PLAN 773442 12252448 DEFERRED LEASE OBLIGATIONS 4303279 DUE TO TEST PROVIDERS 1003963 DEFERRED COMPENSATION LIABILITY 911223 6218465 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS TAX POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 14 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES AND FACILIATE INFORMATION 2623333 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 12 PROGRAM SERVICES ONLINE PUBLISHER OF BUSINESS SCHOOL NEWS, APPLICANT ADVICE FOR EDUCATION AND CAREER 1732517 EAST ASIA & THE PACIFIC 1 4 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES AND FACILIATE INFORMATION 1068422 SOUTH ASIA 1 30 PROGRAM SERVICES CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES AND FACILIATE INFORMATION 3096850 SOUTH ASIA 1 2 PROGRAM SERVICES SELL NMAT AND RELATED TEST PREP PRODUCTS, AND FACILIATE INFORMATION EXCHANGE 2404365 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATION) SPONSORSHIP FOR GLOBAL ACTIVITIES 100000 NORTH AMERICA (EXCLUDING USA) 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (ORGANIZATION) SPONSORSHIP FOR GLOBAL ACTIVITIES 7500 EAST ASIA & THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 12750 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 19907 MIDDLE EAST & NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 6810 RUSSIA & NEIGHBORING STATES 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 1250 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 750 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 32000 SUB SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 12750 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 5125 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION (INDIVIDUALS) FEE WAIVER 500 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 3421624 5 62 0 0 5 62 11045737 3500716 14546453 EUROPE (INCLUDING ICELAND AND GREENLAND) SPONSORSHIP FOR GLOBAL ACTIVITIES 100000 WIRE 0 N/A N/A NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES SPONSORSHIP FOR GLOBAL ACTIVITIES 75000 WIRE 0 N/A N/A 2 0 FEE WAIVER EAST ASIA AND THE PACIFIC 50 12750 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY N/A FMV FEE WAIVER EUROPE (INCLUDING ICELAND & GREENLAND) 68 19907 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY N/A FMV FEE WAIVER MIDDLE EAST AND NORTH AFRICA 26 6810 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY N/A FMV FEE WAIVER RUSSIA AND NEIGHBORING STATES 5 1250 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY N/A FMV FEE WAIVER SOUTH AMERICA 3 750 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY N/A FMV FEE WAIVER SOUTH ASIA 117 32000 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY N/A FMV FEE WAIVER SUB-SAHARAN AFRICA 51 12750 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY N/A FMV FEE WAIVER NORTH AMERICA 19 5125 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY N/A FMV FEE WAIVER CENTRAL AMERICA AND THE CARIBBEAN 2 500 SCHOOL DISBURSES TEST VOUCHER TO TEST TAKERS WHO ARE UNABLE TO PAY N/A FMV 0 0 1 0 0 0 PART I, LINE 2: GMAC MAINTAINS POLICIES, PROCEDURES, CONTRACTS OR SUMMARY TERMS AND RECORDS TO GUIDE CORPORATE CHARITABLE GIVING, INCLUDING GUIDANCE REGARDING ELIGIBILITY AND SELECTION CRITERIA, EXPENDITURE TRACKING AND SUBSTANTIATION OF THE AMOUNT OF GRANTS OR ASSISTANCE. GMAC EMPLOYEES WHO ARE DIRECTLY RESPONSIBLE FOR THE BUDGETED FUNDS FROM WHICH GRANTS ARE MADE ARE RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS BY THE RECIPIENTS. PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL BASIS OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES. PART I, LINE 3, COLUMN (E): REGION: EAST ASIA & THE PACIFIC (E) SPECIFIC TYPES OF SERVICES IN REGION: CONDUCT EDUCATIONAL RESEARCH, PROVIDE SERVICES, AND FACILITATE INFORMATION EXCHANGE WITHIN GREATER CHINA. 1 PHD PROJECT ASSOCIATION 3 CHESTNUT RIDGE ROAD MONTVALE NJ 07645 202610773 501(C)(3) 75000 0 N/A N/A SUPPORT AND PROMOTION OF GRADUATE MANAGEMENT EDUCATION AND ASSOCIATED RESEARCH ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB) 777 S HARBOUR ISLAND BLVD SUITE 750 TAMPA FL 33602 436036286 501(C)(3) 66327 0 N/A N/A SUPPORT AND PROMOTION OF GRADUATE MANAGEMENT EDUCATION AND ASSOCIATED RESEARCH FORTE FOUNDATION 9600 ESCARPMENT 745 PMB 72 AUSTIN TX 78749 611457145 501(C)(3) 50000 0 N/A N/A SUPPORT AND PROMOTION OF GRADUATE MANAGEMENT EDUCATION AND ASSOCIATED RESEARCH EXECUTIVE MBA COUNCIL 1800 E HEIM AVE UNIT 47 ORANGE CA 92865 943095701 501(C)(3) 20000 0 N/A N/A SUPPORT AND PROMOTION OF GRADUATE MANAGEMENT EDUCATION AND ASSOCIATED RESEARCH GLOBAL BUSINESS SCHOOL NETWORK (GBSN) 1010 VERMONT AVE NW SUITE 201 WASHINGTON DC 20005 200670910 501(C)(3) 8000 0 N/A N/A SUPPORT AND PROMOTION OF GRADUATE MANAGEMENT EDUCATION AND ASSOCIATED RESEARCH 5 0 FEE WAIVER 175 39875 N/A N/A PART I, LINE 2: GMAC MAINTAINS POLICIES, PROCEDURES, CONTRACTS OR SUMMARY TERMS AND RECORDS TO GUIDE CORPORATE CHARITABLE GIVING, INCLUDING GUIDANCE REGARDING ELIGIBILITY AND SELECTION CRITERIA, EXPENDITURE TRACKING AND SUBSTANTIATION OF THE AMOUNT OF GRANTS OR ASSISTANCE. GMAC EMPLOYEES WHO ARE DIRECTLY RESPONSIBLE FOR THE BUDGETED FUNDS FROM WHICH GRANTS ARE MADE ARE RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS BY THE RECIPIENTS. X X X X X 1 0 0 0 0 0 0 1 0 JOY JONES CHIEF PRODUCT OFFICER & GENERAL MGR. 595495 0 190000 0 24134 0 20699 0 29860 0 860188 0 0 0 JENNIFER MARTIN CFO & CORPORATE SECRETARY 355207 0 116315 0 745 0 18106 0 25157 0 515530 0 0 0 ASHISH BHARDWAJ SR VP HEAD ,MARKET DEVELOPMENT (END JUNE 2024) 170155 0 99369 0 178247 0 11327 0 13579 0 472677 0 0 0 KEVIN LEFEW CHIEF TECHNOLOGY OFFICER 314312 0 89002 0 27464 0 20405 0 6726 0 457909 0 0 0 SABRINA WHITE SVP SCHOOL & INDUSTRY ENGAGEMENT 310609 0 86911 0 2114 0 15524 0 9928 0 425086 0 0 0 ADAM WITWER CHIEF PRODUCT OFFICER 328161 0 48990 0 1229 0 19922 0 21076 0 419378 0 0 0 ASHOK SARATHY VP, ASSESSMENTS 299276 0 71613 0 720 0 18386 0 28760 0 418755 0 0 0 SARAH BENNETT CHIEF MARKETING OFFICER 300887 0 46443 0 100 0 18696 0 29316 0 395442 0 0 0 KYUNGTYEK HAN SR DIR, PSYCHOMETRICIAN 232417 0 37512 0 720 0 14594 0 25157 0 310400 0 0 0 DANIELLE BOLAND MANAGING DIR, ENTERPRISE PRODUCTS 208882 0 37230 0 15126 0 13046 0 25036 0 299320 0 0 0 ROBIN EVERETT VP, LEGAL (END AUG 2024) 144380 0 75009 0 47956 0 8467 0 21001 0 296813 0 0 0 ANA KYPER SR DIR, NEW PRODUCT DEVELOPMENT 207182 0 39892 0 1654 0 13080 0 25157 0 286965 0 0 0 PART I, LINE 4A LINE 4A: RECEIVE A SEVERANCE PAYMENT OR CHANGE-OF-CONTROL PAYMENT: ASHISH BHARDWAJ - 127,088 PART I, LINE 7 NONFIXED PAYMENTS ARE COMPRISED OF BONUSES PAID BASED ON FORMULAIC AND DISCRETIONARY INPUTS. FORM 990, PART I, LINE 5 AND FORM 990 PART V, LINE 2 EMPLOYEE COUNT- GMAC AND AFFILIATES HAVE A GLOBAL WORKFORCE OF 176, OF WHICH 133 ARE GMAC US EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 GRADUATE MANAGEMENT ADMISSION COUNCIL SHALL HAVE ONE (1) CLASS OF VOTING MEMBERS, WHICH SHALL CONSIST OF GRADUATE BUSINESS AND MANAGEMENT SCHOOLS. THE CRITERIA FOR ADMISSION SHALL INCLUDE, AT A MINIMUM, A REQUIREMENT THAT THE PROSPECTIVE MEMBER (1) CAN AWARD DEGREES, AND (2) IS ACCREDITED BY A RELEVANT ACCREDITATION AGENCY OR ALTERNATIVELY PROVIDES EVIDENCE THAT ITS PROGRAMS MEET GENERALLY ACCEPTED STANDARDS OF HIGH QUALITY IN THE FIELD OF MANAGEMENT EDUCATION. THE CRITERIA SHALL ALSO INCLUDE AS A RELEVANT, BUT NOT DISPOSITIVE, QUALITATIVE FACTOR WHETHER THE GRADUATE MANAGEMENT ADMISSION TEST (GMAT) EXAM IS REQUIRED BY THE PROSPECTIVE MEMBER FOR ADMISSION TO ALL PROGRAMS GRANTING A MASTER'S DEGREE IN BUSINESS ADMINISTRATION (MBA) OR ANY EQUIVALENT PROGRAM. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER THAT IS IN GOOD STANDING SHALL BE ENTITLED TO VOTE FOR THE ELECTION OF DEAN AND REPRESENTATIVE DIRECTORS TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THERE IS ONE CLASS OF MEMBERS. DECISIONS THAT REQUIRE THEIR APPROVAL ARE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND REVISIONS TO THE BYLAWS. EACH MEMBER HAS EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT IS SUBMITTED TO SENIOR MANAGEMENT BEFORE IT IS PROVIDED TO THE AUDIT AND RISK COMMITTEE FOR REVIEW AND APPROVAL. EACH PARTY IS EXPECTED TO THOROUGHLY READ THE FORM 990 IN ITS ENTIRETY AND HAS ACCESS TO THE YEAR-END FINANCIALS TO DO A COMPARATIVE REVIEW AS WELL. FEEDBACK IS PROVIDED TO MANAGEMENT WHETHER OR NOT CHANGES ARE REQUIRED. A FINAL APPROVAL OF THE FORM 990 IS OBTAINED EITHER DURING AN AUDIT AND RISK COMMITTEE MEETING OR A MEETING BY EMAIL PRIOR TO FILING. IN ADDITION, ALL VOTING MEMBERS OF THE BOARD ARE PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR HAS AN ONGOING ANNUAL OBLIGATION TO DISCLOSE POTENTIAL OR ACTUAL CONFLICTS. FOR DIRECTORS, THE BOARD OR ANY COMMITTEE OF THE BOARD AT WHICH A TRANSACTION IS CONSIDERED, IS RESPONSIBLE FOR REVIEWING AND DETERMINING WHETHER A CONFLICT EXISTS. IF A CONFLICT EXISTS, THE DIRECTOR SHALL NOT PARTICIPATE OR BE PRESENT AT THAT PORTION OF THE MEETING OF THE BOARD OR COMMITTEE. IF THE BOARD OR COMMITTEE DETERMINES THAT THE DIRECTOR HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE BOARD OR COMMITTEE WILL TAKE THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING COMPENSATION OF THE CEO. THE BOARD ANNUALLY REVIEWS AND APPROVES GMAC CORPORATE GOALS AND OBJECTIVES, EVALUATES THE CEO'S PERFORMANCE IN LIGHT OF SUCH GOALS AND OBJECTIVES AND THEN DETERMINES COMPENSATION BASED ON THAT EVALUATION AND IN ACCORDANCE WITH ANY APPLICABLE EMPLOYMENT AGREEMENT. THE BOARD RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IN EVALUATING PERFORMANCE, INCLUDING OBTAINING AN ANNUAL COMPARABILITY ANALYSIS AS APPROPRIATE TO COMPLY WITH THE "REBUTTABLE PRESUMPTION" UNDER THE INTERMEDIATE SANCTION RULES OF IRC SECTION 4958. GMAC PERFORMS ANNUAL BENCHMARKING ANALYSIS OF TOTAL COMPENSATION DATA FOR ITS EXECUTIVE LEADERS AND RETAINS INDEPENDENT COMPENSATION CONSULTANTS PERIODICALLY TO FORMALLY EVALUATE COMPENSATION COMPARABILITY. THE LAST HOLISTIC EXTERNAL COMPENSATION REVIEW WAS COMPLETED IN 2021. AN UPDATED REVIEW WAS IN PROCESS EXITING 2024. FORM 990, PART VI, SECTION C, LINE 19 GMAC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: GMGC INC AND TMBAT INC NET ASSETS 12/31/23 -2,925,777. FOREIGN TRANSLATION ADJUSTMENT -263,369. BUSINESSBECAUSE LIMITED 20 RED LION STREET HOLBORN LONDON UK WC1R 4PQ 830763539 PUBLISH AND SELL DIGITAL STORIES ABOUT STUDENT LIFE UK 9916 509265 GMAC UK GRADUATE MANAGEMENT ADMISSION COUNCIL (SHANGHAI) MANAGEMENT CONSULTING LTD WEWORK 627 HUAIHAI MIDDLE ROAD SHANGHAI CH MARKET DEVELOPMENT FOR GMAC WITHIN EAST ASIA AND SOUTHEAST ASIA CH 85661 1843757 GMAC GRADUATE MANAGEMENT ADMISSION COUNCIL INDIA PRIVATE LIMITED SUITE 405/SUITE 406 SUNCITY BUSINESS TOWER IN 980699911 MARKET DEVELOPMENT FOR GMAC WITHIN EAST ASIA AND SOUTHEAST ASIA IN 403396 5794313 GMAC GRADUATE MANAGEMENT GLOBAL CONNECTION (INDIA) PRIVATE LIMITED SUITE 405/SUITE 407 SUNCITY BUSINESS TOWER IN 981316503 DELIVER THE NMAT BY GMAC EXAM AND TO MAKE SALES OF ITS PREP PRODUCTS IN 491733 2522392 GMAC GRADUATE MANAGEMENT GLOBAL CONNECTION UK LTD ST CLEMENTS HOUSE CLEMENTS LANE LONDON UK 980701860 MARKET DEVELOPMENT FOR GMAC WITHIN EUROPE UK 272928 3285465 GMAC