Consortium Management Group INC FY2021 filing

Tax-deductible

Bedminster, NJ501(c)(3)Since 2013Public & Societal BenefitEIN 46-4166123

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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.
$3.4M 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

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $10.7M a year · 2% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 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
$3.4M
to officers and key staff · 0.7% 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: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$65.0M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
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
$533.5M
-5% vs prior year
Spent
$521.5M
To programs
99%
Net assets
$44.5M
By yearFY2020–FY2024
Revenue
$533.5M
FY2021▼ -5%
Revenue by fiscal year
FY2020$558.8M
FY2021$533.5M
FY2022$475.0M
FY2023$555.3M
FY2024$630.6M
FY2024$1.1B
Expenses
$521.5M
FY2021▼ -5%
Expenses by fiscal year
FY2020$548.3M
FY2021$521.5M
FY2022$466.0M
FY2023$544.9M
FY2024$618.8M
FY2024$1.0B
Net assets
$44.5M
FY2021▲ +36%
Net assets by fiscal year
FY2020$32.7M
FY2021$44.5M
FY2022$53.4M
FY2023$58.7M
FY2024$72.5M
FY2024$91.0M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. 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% · $514.8M Management & general 1% · $4.4M Fundraising 0% · $2.3M

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

16 people listed on the 990; $3.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & COO
$588,880Pt VII · Sec A
Chairman and CEO
$561,014Pt VII · Sec A
Gc/Compliance Officer
$383,537Pt VII · Sec A
Executive Vice President
$381,759Pt VII · Sec A
Dir. of Bd/Program Mgmt
$350,609Pt VII · Sec A
Dir. of Finance/Acct
$244,529Pt VII · Sec A
SR. Program Manager
$215,429Pt VII · Sec A
Project Manager
$198,974Pt 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

See Consortium Management Group INC executive salaries →

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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.

Provided by the organization

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1 program · $514.8M · in their own filed words · FY2020
01

Through its managed consortia, CMG fosters and facilitates collaborative research, development and demonstration of technologies of interest to the department of defense.

$514.8Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$533.5M
Ln 12
Fees for servicesLn 2g$533.2M
Investment incomeLn 3$243K
Other incomeLn 4–11$60K
Money outPt IX
$521.5M
Ln 25
Programscol B$514.8M
Managementcol C$4.4M
Fundraisingcol D$2.3M
Owns and owesPt X
$44.5M
net assets · Ln 32
Cash and savingsLn 1–2$65.2M
Total assetsLn 16$109.5M
LiabilitiesLn 26$65.0M
PeoplePt VI, VII
16
listed · VII A
PaidVII A11
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$533.2M
Investment incomeLn 3$243K
Other incomeLn 4–11$60K
Gains on assetsLn 7$74K
Total revenueLn 12$533.5M
Assets in detailPt X, end of year
CashLn 1$5.0M
SavingsLn 2$60.2M
Cash and savings togetherLn 1–2$65.2M
InvestmentsLn 11–13$7.9M
Land, buildings, equipmentLn 10c$341K
Other assetsLn 15$1.5M
Total assetsLn 16$109.5M
LiabilitiesLn 26$65.0M
Net assetsLn 32$44.5M
OperationsPt I, VI
EmployeesI 530
VolunteersI 65
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$78.7M$65.2M
InvestmentsLn 11–13$8.1M$7.9M
Land, buildings, equipmentLn 10c$247K$341K
Total assetsLn 16$127.1M$109.5M
LiabilitiesLn 26$94.5M$65.0M
Net assetsLn 32$32.7M$44.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$213K$213K
Pay of current officers, directors and key staffLn 5$3.1M$1.0M$1.0M$1.0M
Other salaries and wagesLn 7$1.7M$556K$556K$556K
Pension plan contributionsLn 8$296K$99K$99K$99K
Other employee benefitsLn 9$239K$80K$80K$80K
Payroll taxesLn 10$235K$76K$82K$76K
Legal feesLn 11b$116K$116K
Accounting feesLn 11c$69K$69K
Lobbying feesLn 11d$358K$358K
Investment management feesLn 11f$300$300
Other fees for servicesLn 11g$513.3M$512.4M$944K$14K
Advertising and promotionLn 12$10K$3K$4K$3K
Office expensesLn 13$295K$81K$133K$81K
Information technologyLn 14$462K$98K$268K$96K
OccupancyLn 16$466K$140K$187K$140K
TravelLn 17$15K$71$14K$621
Conferences, conventions and meetingsLn 19$78K$1K$8K$69K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$212K$212K
InsuranceLn 23$280K$37K$205K$37K
Other expenses (24a–d)Ln 24$62K$17K$27K$17K
All other expensesLn 24e$37K$11K$16K$11K
Total functional expensesLn 25$521.5M$514.8M$4.4M$2.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $533.5M$521.5M$12.0M$44.5M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $533,503,830 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $533,200,354$533,200,354
VIII-3 Investment incomeExcluded from tax $169,098$169,098
VIII-7 Net gain or loss on sales of assetsExcluded from tax $74,378$74,378
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $60,000$60,000
VIII-12 Total revenueRelated to mission $533,200,354 · Unrelated business $0 · Excluded from tax $303,476$533,503,830
Part IX · Statement of functional expenses $521,520,738 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $213,000$213,000
IX-5 Pay of current officers, directors and key staffPrograms $1,031,483 · Management $1,031,483 · Fundraising $1,031,483$3,094,449
IX-7 Other salaries and wagesPrograms $556,016 · Management $556,017 · Fundraising $556,016$1,668,049
IX-8 Pension plan contributionsPrograms $98,619 · Management $98,619 · Fundraising $98,619$295,857
IX-9 Other employee benefitsPrograms $79,580 · Management $79,581 · Fundraising $79,581$238,742
IX-10 Payroll taxesPrograms $76,295 · Management $82,352 · Fundraising $76,295$234,942
IX-11b Legal feesManagement $115,975$115,975
IX-11c Accounting feesManagement $69,029$69,029
IX-11d Lobbying feesManagement $358,500$358,500
IX-11f Investment management feesManagement $300$300
IX-11g Other fees for servicesPrograms $512,354,233 · Management $944,343 · Fundraising $14,012$513,312,588
IX-12 Advertising and promotionPrograms $2,722 · Management $4,254 · Fundraising $2,730$9,706
IX-13 Office expensesPrograms $81,124 · Management $132,993 · Fundraising $81,372$295,489
IX-14 Information technologyPrograms $97,846 · Management $267,631 · Fundraising $96,394$461,871
IX-16 OccupancyPrograms $139,843 · Management $186,611 · Fundraising $139,844$466,298
IX-17 TravelPrograms $71 · Management $14,198 · Fundraising $621$14,890
IX-19 Conferences, conventions and meetingsPrograms $1,131 · Management $8,466 · Fundraising $68,728$78,325
IX-20 InterestManagement $1,051$1,051
IX-22 Depreciation, depletion and amortizationManagement $212,118$212,118
IX-23 InsurancePrograms $37,399 · Management $205,314 · Fundraising $37,399$280,112
IX-24 Other expenses (24a–d)Programs $17,444 · Management $27,264 · Fundraising $17,495$62,203
IX-24e All other expensesPrograms $10,739 · Management $15,735 · Fundraising $10,770$37,244
IX-25 Total functional expensesPrograms $514,797,545 · Management $4,411,834 · Fundraising $2,311,359$521,520,738
Part X · Balance sheet $109,463,417 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $6,623,801$4,978,971
X-2 Savings and temporary cash investmentsStart of year $72,053,216$60,196,763
X-4 Accounts receivableStart of year $36,652,718$33,182,662
X-9 Prepaid expenses and deferred chargesStart of year $300,788$285,534
X-10c Land, buildings and equipment, netStart of year $247,158$341,119
X-11 Publicly traded securitiesStart of year $8,105,672$7,948,783
X-14 Intangible assetsStart of year $1,194,125$1,054,325
X-15 Other assetsStart of year $1,945,204$1,475,260
X-16 Total assetsStart of year $127,122,682$109,463,417
X-17 Accounts payable and accrued expensesStart of year $36,411,650$32,514,965
X-19 Deferred revenueStart of year $56,029,193$30,917,970
X-25 Other liabilitiesStart of year $2,013,147$1,570,710
X-26 Total liabilitiesStart of year $94,453,990$65,003,645
X-27 Net assets without donor restrictionsStart of year $32,668,692$44,459,772
X-32 Total net assets or fund balancesStart of year $32,668,692$44,459,772
X-33 Total liabilities and net assetsStart of year $127,122,682$109,463,417
Part XI · Reconciliation of net assets $44,459,772 net assets at year end
XI-1 Total revenue$533,503,830
XI-2 Total expenses$521,520,738
XI-3 Revenue less expenses$11,983,092
XI-4 Net assets at start of year$32,668,692
XI-5 Net unrealized gains (losses) on investments−$192,012
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$44,459,772

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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