Graduate Management Admission Council
Graduate Management Admission Council reported $67.4 million in revenue and $74.2 million in expenses for calendar year 2024. Of every $100 it spent, $72.27 went to program services, $27.73 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 83.7% of the total. The highest compensation it reported for one person was $860,188 (CHIEF PRODUCT OFFICER & GENERAL MGR.). 12 people received more than $100,000 in reportable compensation. Revenue fell 29% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $74MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $67MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 72.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 27.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 3.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 3.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 83.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $860,188 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.16% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 12 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 26.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 15 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
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Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF PRODUCT OFFICER & GENERAL MGR. Director/trustee, officer, 40.00 hrs/week | $809,629 | $0 | $50,559 | $860,188 |
| CFO & CORPORATE SECRETARY Officer, 40.00 hrs/week | $472,267 | $0 | $43,263 | $515,530 |
| MARKET DEVELOPMENT (END JUNE 2024) Officer, 40.00 hrs/week | $447,771 | $0 | $24,906 | $472,677 |
| CHIEF TECHNOLOGY OFFICER Officer, 40.00 hrs/week | $430,778 | $0 | $27,131 | $457,909 |
| SVP SCHOOL & INDUSTRY ENGAGEMENT Highest compensated employee, 40.00 hrs/week | $399,634 | $0 | $25,452 | $425,086 |
| CHIEF PRODUCT OFFICER Officer, 40.00 hrs/week | $378,380 | $0 | $40,998 | $419,378 |
| VP, ASSESSMENTS Key employee, 40.00 hrs/week | $371,609 | $0 | $47,146 | $418,755 |
| CHIEF MARKETING OFFICER Officer, 40.00 hrs/week | $347,430 | $0 | $48,012 | $395,442 |
12 people received more than $100,000 in reportable compensation from Graduate Management Admission Council (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5133
- Volunteers Part I, line 615
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| DESIGN SYSTEMS INTERNATIONAL Technology consulting | $905,500 |
| CLIFTONLARSENALLEN Audit and tax services | $193,277 |
| QUALTRICS LLC Technology consulting | $182,826 |
| TYTON PARTNERS CAPITAL MARKETS M&a consulting | $150,000 |
| THE XELA GROUP Technology consulting | $136,710 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Graduate Management Admission Council's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Graduate Management Admission Council, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Graduate Management Admission Council spent in 2024, $72.27 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- John Adams AcademiesRoseville, CA · revenue $67M · programs 92.8% · FY2025
- Doane UniversityCrete, NE · revenue $67M · programs 90.6% · FY2025
- Notre Dame of Maryland UniversityBaltimore, MD · revenue $67M · programs 74.3% · FY2025
- McPherson CollegeMcPherson, KS · revenue $67M · programs 85.5% · FY2025
- Greater Atlanta Christian SchoolsNorcross, GA · revenue $67M · programs 91.7% · FY2025
Questions people ask
How much of Graduate Management Admission Council's spending goes to programs?
In calendar year 2024, Graduate Management Admission Council reported that 72.3% of its $74.2 million in expenses went to program services, 27.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Graduate Management Admission Council pay its top executive?
The largest total compensation Graduate Management Admission Council reported for one person in calendar year 2024 was $860,188, for the role of CHIEF PRODUCT OFFICER & GENERAL MGR. (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Graduate Management Admission Council get its money?
Of $67.4 million in revenue in calendar year 2024, 3.0% came from contributions and grants (including 3.0% from government grants) and 83.7% from program service revenue (Form 990, Part VIII).
Is Graduate Management Admission Council a registered charity?
The IRS lists EIN 23-7084339 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533189349316418 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413199349307711 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349313785 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233189349308548 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103199349310110 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349307045 · read the filing
All filings for EIN 23-7084339: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.