Consortium Management Group INC FY2023 filing

Tax-deductible

Bedminster, NJ501(c)(3)Since 2013Public & Societal BenefitEIN 46-4166123Revenue $555.3M in FY2023

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.
$4.0M 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

FY2023 · 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
$4.0M
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
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$134.3M
70% of total assets
Worth a look: liabilities are 70% of assets; over 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
$555.3M
+17% vs prior year
Spent
$544.9M
To programs
99%
Net assets
$58.7M
By yearFY2020–FY2025
Revenue
$555.3M
FY2023▲ +17%
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
$544.9M
FY2023▲ +17%
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
$58.7M
FY2023▲ +10%
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 FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

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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% · $537.0M Management & general 1% · $5.5M Fundraising 0% · $2.5M

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; $4.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & COO
$671,709Pt VII · Sec A
Chairman and CEO
$616,342Pt VII · Sec A
Gc/Compliance Officer
$444,846Pt VII · Sec A
Int. CFO Then CFO (eff. 01/23)
$434,770Pt VII · Sec A
Dir. of Bd/Program Mgmt.
$417,574Pt VII · Sec A
SR. Program Manager
$254,962Pt VII · Sec A
Controller (through 06/23)
$237,180Pt VII · Sec A
Dir. of Strat. Engagement
$231,153Pt 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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1 program · $537.0M · in their own filed words · FY2022
01

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

$537.0Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$555.3M
Ln 12
Fees for servicesLn 2g$555.0M
Investment incomeLn 3$373K
Money outPt IX
$544.9M
Ln 25
Programscol B$537.0M
Managementcol C$5.5M
Fundraisingcol D$2.5M
Owns and owesPt X
$58.7M
net assets · Ln 32
Cash and savingsLn 1–2$151.6M
Total assetsLn 16$193.0M
LiabilitiesLn 26$134.3M
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$555.0M
Investment incomeLn 3$373K
Total revenueLn 12$555.3M
Assets in detailPt X, end of year
CashLn 1$13.6M
SavingsLn 2$138.0M
Cash and savings togetherLn 1–2$151.6M
InvestmentsLn 11–13$8.6M
Land, buildings, equipmentLn 10c$275K
Other assetsLn 15$1.6M
Total assetsLn 16$193.0M
LiabilitiesLn 26$134.3M
Net assetsLn 32$58.7M
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 FY23End FY23
Cash and savingsLn 1–2$100.1M$151.6M
InvestmentsLn 11–13$8.2M$8.6M
Land, buildings, equipmentLn 10c$298K$275K
Total assetsLn 16$144.8M$193.0M
LiabilitiesLn 26$97.7M$134.3M
Net assetsLn 32$47.1M$58.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$3.2M$330K$2.3M$536K
Other salaries and wagesLn 7$2.9M$1.6M$537K$775K
Pension plan contributionsLn 8$528K$242K$151K$135K
Other employee benefitsLn 9$585K$193K$265K$127K
Payroll taxesLn 10$371K$119K$172K$79K
Legal feesLn 11b$445K$236K$160K$48K
Accounting feesLn 11c$135K$135K
Lobbying feesLn 11d$483K$257K$174K$53K
Professional fundraising feesLn 11e$5K$5K
Investment management feesLn 11f$207$207
Other fees for servicesLn 11g$533.7M$533.3M$227K$104K
Advertising and promotionLn 12$14K$3K$10K$1K
Office expensesLn 13$96K$18K$68K$10K
Information technologyLn 14$507K$220K$186K$100K
OccupancyLn 16$517K$196K$217K$104K
TravelLn 17$109K$51K$19K$39K
Conferences, conventions and meetingsLn 19$323K$28K$21K$273K
InterestLn 20$43$43
Depreciation, depletion and amortizationLn 22$218K$218K
InsuranceLn 23$384K$53K$296K$34K
Other expenses (24a–d)Ln 24$172K$22K$138K$12K
All other expensesLn 24e$196K$37K$139K$20K
Total functional expensesLn 25$544.9M$537.0M$5.5M$2.5M

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 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $555,329,477 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $475,306,091$554,956,322
I-10 Investment incomePrior year $368,645$373,155
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $475,674,736$555,329,477
I-13 Grants and similar amounts paidPrior year $3,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,641,866$7,595,409
I-16a Professional fundraising feesPrior year $50,820$5,346
I-17 Other expensesPrior year $459,314,547$537,268,245
I-18 Total expensesPrior year $466,010,233$544,869,000
I-19 Revenue less expensesPrior year $9,664,503$10,460,477
Part VI · Governance 5 of 6 board members independent, 1 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-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $555,329,477 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $554,956,322$554,956,322
VIII-3 Investment incomeExcluded from tax $373,155$373,155
VIII-12 Total revenueRelated to mission $554,956,322 · Unrelated business $0 · Excluded from tax $373,155$555,329,477
Part IX · Statement of functional expenses $544,869,000 across 22 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $329,804 · Management $2,319,661 · Fundraising $535,596$3,185,061
IX-7 Other salaries and wagesPrograms $1,614,976 · Management $537,366 · Fundraising $774,907$2,927,249
IX-8 Pension plan contributionsPrograms $241,898 · Management $151,016 · Fundraising $134,765$527,679
IX-9 Other employee benefitsPrograms $192,582 · Management $264,920 · Fundraising $127,286$584,788
IX-10 Payroll taxesPrograms $119,403 · Management $172,353 · Fundraising $78,876$370,632
IX-11b Legal feesPrograms $236,232 · Management $159,891 · Fundraising $48,388$444,511
IX-11c Accounting feesManagement $134,694$134,694
IX-11d Lobbying feesPrograms $256,800 · Management $173,813 · Fundraising $52,601$483,214
IX-11e Professional fundraising feesFundraising $5,346$5,346
IX-11f Investment management feesManagement $207$207
IX-11g Other fees for servicesPrograms $533,338,563 · Management $227,255 · Fundraising $104,190$533,670,008
IX-12 Advertising and promotionPrograms $2,573 · Management $9,600 · Fundraising $1,399$13,572
IX-13 Office expensesPrograms $18,291 · Management $68,261 · Fundraising $9,948$96,500
IX-14 Information technologyPrograms $220,452 · Management $185,984 · Fundraising $100,469$506,905
IX-16 OccupancyPrograms $196,354 · Management $217,340 · Fundraising $103,716$517,410
IX-17 TravelPrograms $50,542 · Management $19,018 · Fundraising $38,950$108,510
IX-19 Conferences, conventions and meetingsPrograms $28,423 · Management $20,796 · Fundraising $273,288$322,507
IX-20 InterestManagement $43$43
IX-22 Depreciation, depletion and amortizationManagement $218,454$218,454
IX-23 InsurancePrograms $53,356 · Management $296,098 · Fundraising $34,097$383,551
IX-24 Other expenses (24a–d)Programs $21,904 · Management $138,242 · Fundraising $11,912$172,058
IX-24e All other expensesPrograms $37,178 · Management $138,702 · Fundraising $20,221$196,101
IX-25 Total functional expensesPrograms $536,959,331 · Management $5,453,714 · Fundraising $2,455,955$544,869,000
Part X · Balance sheet $192,987,946 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $8,430,298$13,641,605
X-2 Savings and temporary cash investmentsStart of year $91,692,936$137,961,069
X-4 Accounts receivableStart of year $33,063,795$29,943,009
X-9 Prepaid expenses and deferred chargesStart of year $271,115$232,962
X-10c Land, buildings and equipment, netStart of year $298,328$275,032
X-11 Publicly traded securitiesStart of year $8,176,836$8,571,251
X-14 Intangible assetsStart of year $914,525$774,725
X-15 Other assetsStart of year $1,979,418$1,588,293
X-16 Total assetsStart of year $144,827,251$192,987,946
X-17 Accounts payable and accrued expensesStart of year $40,852,681$43,061,069
X-19 Deferred revenueStart of year $54,820,084$89,604,554
X-25 Other liabilitiesStart of year $2,005,276$1,646,335
X-26 Total liabilitiesStart of year $97,678,041$134,311,958
X-27 Net assets without donor restrictionsStart of year $47,149,210$58,675,988
X-32 Total net assets or fund balancesStart of year $47,149,210$58,675,988
X-33 Total liabilities and net assetsStart of year $144,827,251$192,987,946
Part XI · Reconciliation of net assets $58,675,988 net assets at year end
XI-1 Total revenue$555,329,477
XI-2 Total expenses$544,869,000
XI-3 Revenue less expenses$10,460,477
XI-4 Net assets at start of year$47,149,210
XI-5 Net unrealized gains (losses) on investments$1,066,301
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$58,675,988

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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