Consortium Management Group INC FY2020 filing

Tax-deductible

Bedminster, NJ501(c)(3)Since 2013Public & Societal BenefitEIN 46-4166123Revenue $558.8M in FY2020

On file with the IRScmgnetworks.org550 Hills Dr Ste 108b, 07921-1537 · Bedminster, NJTax-exempt since Sep 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Cmg builds and leads agile, collaborative, and enduring consortia composed of leading companies and institutions across several verticals, including aerospace and defense, advanced manufacturing, energy, construction, and healthcare. Leveraging the power of other transaction authority (ota), we connect these consortia with the department of defense (dod) to enable government project sponsors to rapidly find, collaborate and contract with any member company or institution within the cmg Consortium network. In doing so, cmg lessens the burden on government by expanding the industrial base and supply chain available to the dod and providing a pathway for the dod to leverage commercial innovation and investments in technology required to accelerate delivery of new capabilities to the warfighter.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$6.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $11.9M a year · 2% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.5M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$108.1M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$558.8M
Spent
$548.3M
To programs
99%
Net assets
$32.7M
By yearFY2020–FY2025
Revenue
$558.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$558.8M
FY2021$533.5M
FY2022$475.0M
FY2023$555.3M
FY2024$630.6M
FY2025$1.1B
Expenses
$548.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$548.3M
FY2021$521.5M
FY2022$466.0M
FY2023$544.9M
FY2024$618.8M
FY2025$1.0B
Net assets
$32.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$32.7M
FY2021$44.5M
FY2022$53.4M
FY2023$58.7M
FY2024$72.5M
FY2025$91.0M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $540.6M Management & general 1% · $6.2M Fundraising 0% · $1.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

32 people listed on the 990; $6.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President & COO
$611,621Pt VII · Sec A
President & COO
$611,621Pt VII · Sec A
Chairman and CEO
$600,012Pt VII · Sec A
Chairman and CEO
$600,012Pt VII · Sec A
General Counsel & Compliance Officer
$434,012Pt VII · Sec A
General Counsel & Compliance Officer
$434,012Pt VII · Sec A
Executive Vice President
$425,770Pt VII · Sec A
Executive Vice President
$425,770Pt VII · Sec A

James Frankovic’s $785K as President & CEO is at the 49th percentile of top reported officer pay among 59 $100M+ public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Frankovic$784,836$754,729$671,709$613,055$588,880$611,621
Charles McBride$588,475$682,296————
Charles W McBride——$616,342$584,422$561,014$600,012
John Britton$520,359$497,871$444,846$417,244$383,537$434,012
Kimberly Blancuzzi$517,442$464,820$417,574$376,818$350,609$319,698
Mary Reinecke$423,441$485,352$434,770$408,606$381,759$425,770
Kristin Dawag$301,371$278,023$254,962$232,661$215,429$141,416
Glen Davids$279,857—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Facilitates collaborative research and development of technologies for the Department of Defense.

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Provided by the organization

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2 programs · $1.1B · in their own filed words · FY2019
01

Research and prototype development for the department of defense. Through its agreements with the government, CMG provides a single-point acquisition enterprise for the federal government to more easily access the technologies offered by non-traditional, nonprofit, academic, small businesses and other entities to expand the defense…

$540.6Mprogram expense
02

Research and prototype development for the department of defense. Through its agreements with the government, CMG provides a single-point acquisition enterprise for the federal government to more easily access the technologies offered by non-traditional, nonprofit, academic, small businesses and other entities to expand the defense…

$534.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 29 grants · $518K · 2019–2020
Smcm FoundationFY2020$30,000
Fauquier FishVA · FY2020$20,000
Community Touch INCVA · FY2020$20,000
Market Street Mission INCNJ · FY2020$15,000
The Light House INCMD · FY2020$10,000
Flanders Fire Company 1 INCNJ · FY2020$10,000
Culpeper Food ClosetMA · FY2020$10,000
Cornerstone Montgomery INCMD · FY2020$10,000
See all 29 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$558.8M
Ln 12
Fees for servicesLn 2g$551.3M
Other incomeLn 4–11$7.3M
Investment incomeLn 3$197K
Money outPt IX
$548.3M
Ln 25
Programscol B$540.6M
Managementcol C$6.2M
Fundraisingcol D$1.6M
Owns and owesPt X
$32.7M
net assets · Ln 32
Cash and savingsLn 1–2$78.7M
Total assetsLn 16$127.1M
LiabilitiesLn 26$108.1M
PeoplePt VI, VII
32
listed · VII A
PaidVII A22
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$551.3M
Investment incomeLn 3$197K
Other incomeLn 4–11$7.3M
Total revenueLn 12$558.8M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$78.7M
Total assetsLn 16$127.1M
LiabilitiesLn 26$108.1M
Net assetsLn 32$32.7M
OperationsPt I, VI
EmployeesI 530
VolunteersI 65
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1B$1.0B$17.4M$91.0M 990 PDF
FY2024 $630.6M$618.8M$11.8M$72.5M 990 PDF
FY2023 $555.3M$544.9M$10.5M$58.7M 990 PDF
FY2022 $475.0M$466.0M$9.0M$53.4M 990 PDF
FY2021 $533.5M$521.5M$12.0M$44.5M 990 PDF
FY2020 Viewing $558.8M$548.3M$10.4M$32.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (1 part)
Part VI · Governance 5 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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