Overview
What is Graduate Management Admission Council?
The Graduate Management Admission Council (GMAC) is a nonprofit organization based in Reston, Virginia, with a workforce of 169 employees. GMAC serves as a bridge connecting graduate management education programs and potential candidates by providing reliable assessments and solutions. These assessments, including the Graduate Management Admission Test (GMAT), Executive Assessment (EA), and NMAT by GMAC, help schools assess applicants' academic success potential for admission to Master's in Business Administration (MBA) and other business degree programs. With over 7,000 schools accepting their assessments globally, GMAC's tools are trusted and valued predictors for graduate business programs. The mission of GMAC is to facilitate mutual discoveries between schools and talented individuals, enabling access to the best business education for all.
Official website here: www.gmac.com
Is Graduate Management Admission Council legitimate?
Graduate Management Admission Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Graduate Management Admission Council 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.
Here are some key statistics you may want to consider:
Executive Compensation: $4,421,905
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,496,728
For more financial information, click here
Official website here: www.gmac.com
What is the mission statement of Graduate Management Admission Council?
The Graduate Management Admission Council (GMAC) is dedicated to facilitating connections between businesses and potential candidates, enabling everyone to access the best business education that suits their individual needs. GMAC's mission is to equip schools and individuals with the necessary resources for mutual discovery and evaluation. GMAC's core values include courage, creativity, listening, collaboration, and integrity, as they build lasting relationships within the education community, both presently and in the future.
Official website here: www.gmac.com
Who is the CEO of Graduate Management Admission Council?
Joy Jones is the Ceo (To 10/22); Sr Advisor To Board of Graduate Management Admission Council. The CEO's salary of Graduate Management Admission Council is $850,321 and their total compensation is $1,286,181.
Official website here: www.gmac.com
What is the revenue of Graduate Management Admission Council?
Graduate Management Admission Council's revenue in 2022 was $63,026,606.
Official website here: www.gmac.com
Who are the executives of Graduate Management Admission Council and what are their salaries?
The average compensation at Graduate Management Admission Council during 2022 was $117,862. There are 169 employees and 15 volunteers at Graduate Management Admission Council.
Here are 35 key members and their salaries (Graduate Management Admission Council's CEO's salary is $850,321 and their total compensation is $1,286,181):
- Sangeet Chowfla (Ceo (To 10/22); Sr Advisor To Board) [Trustee/Director]
- Joy Jones (Chief Product Officer And General Manager) [Trustee/Director]
- Ashish Bhardwaj (Sr Vp & Head, Market Development)
- Betty Su (Sr Vp & Gm, Gmac Connect(To 12/15/22))
- Jennifer Martin (Cfo & Head, Corporate Development)
- Kevin Lefew (Chief Technology Officer)
- Maite Salazar (Chief Marketing Officer)
- Ashok Sarathy (Vp, Product Management Operations)
- Robin Everett (Vp, Legal)
- Sabrina White (Vp, School & Industry Engagement)
- David Cooke (Sr Dir, App Dev & Integration)
- Kyungtyek Han (Sr Dir, Psychometrician)
- Ana Kyper (Sr Dir, Product Management, Gme Prep)
- Elda Bahar-Engler (Chief Admin Officer (To 1/4/2022))
- Jon Erickson (Chair) [Trustee/Director]
- Martin Boehm (Co-Chair (To 6/30/2022)) [Trustee/Director]
- Isabelle Bajeux-Besnainou (Director (From 7/1/2022))
- William Boulding (Director (To 6/30/2022))
- Tom Buiocchi (Director (To 6/30/2022))
- Mukesh Butani (Director (From 7/1/2022))
- Itziar De Ros (Director (From 7/1/2022))
- Bruce Delmonico (Director (From 7/1/2022))
- Yuan Ding (Director)
- Catherine Duggan (Director (From 7/1/2022))
- Erika H James (Director (To 6/30/2022))
- Peter Johnson (Director (To 6/30/2022))
- Sanjiv Kapur (Director)
- Soojin Kwon (Director (To 6/30/2022))
- Katy Montgomery (Director)
- Jay Nibbe (Director)
- Francois Ortalo-Magne (Director)
- Donna Rapaccioli (Director (To 6/30/2022))
- Giuseppe Soda (Director)
- Themin Suwardy (Director)
- Anthony Wilbon (Director (From 7/1/2022))
Official website here: www.gmac.com
Where can I find the form 990 for Graduate Management Admission Council?
The Graduate Management Admission Council’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.gmac.com
Learn more at the official website: www.gmac.com
Mission Statement of Graduate Management Admission Council
The Graduate Management Admission Council (GMAC), in its mission, strives to bring about a world where everyone has the opportunity to access and benefit from the most suitable business education for their individual needs. GMAC acts as a bridge, supplying tools and information that enable educational institutions and potential students to connect and assess each other. In line with its core values of courage, creativity, listening, collaboration, and integrity, GMAC builds enduring relationships within the educational community, fostering connections that will last now and in the future.
Impact
This information is meant to be a general summary of Graduate Management Admission Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Graduate Management Admission Council has a significant impact on the field of business education by providing tools and solutions for schools and candidates to connect and evaluate each other. Their assessments, including the GMAT, EA, and NMAT by GMAC, help schools assess candidates' academic success likelihood in graduate management programs admissions. These assessments are trusted and recognized as valid predictors of academic success, with over 7,000 schools globally accepting GMAC's assessments. The GMAC's longstanding presence in the industry, with over 60 years of trust in the GMAT exam, highlights their commitment to facilitating connections between schools and talented individuals seeking advanced business education. In essence, GMAC plays a crucial role in shaping the landscape of graduate management education by ensuring that talent does not go undiscovered and that individuals from diverse backgrounds have access to top business education opportunities.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TEST OPERATIONS
Revenue
$47,601,886
SCHOOL/STUDENT PRODUCT
Revenue
$3,399,062
MEDIA PRODUCTS
Revenue
$1,713,434
PROFESSIONAL DEVELOPME
Revenue
$914,399
Organization Details
Founding Year
1970
Phone
(703) 668-9600
Principal Officer
Joy Jones
Main Address
11921 FREEDOM DRIVE 300, RESTON, VA, 20190
Website
www.gmac.com
NTEE Category
Code: B90 - Education
If you are a representative of Graduate Management Admission Council and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.