EIN 23-7084339

Graduate Management Admission Council (GMAC)

IRS 501(c) type
501(c)(3)
Num. employees
169
City
Year formed
1970
Most recent tax filings
2022-12-01
Description
GMAC believes that business and management are critical to the economic and social well-being of people worldwide. We provide information and insights to improve decision making about the discovery and evaluation of talent.
Total revenues
$63,026,606
2022
Total expenses
$69,629,243
2022
Total assets
$191,283,214
2022
Num. employees
169
2022

Program areas at GMAC

Test operations: gmac is committed to providing tools and solutions to schools and candidates to connect with and evaluate each other so that talent does not go undiscovered. Graduate Management education (gme) programs evaluate global applicants from diverse educational and professional backgrounds for Admission to mba and business master's degree programs. The gmat (Graduate Management Admission test), ea (executive assessment), and nmat by gmac assessments assist schools in evaluating candidate academic success likelihood in Graduate Management programs admissions. As such, gmac's portfolio of premier assessments is recognized as trusted, valid predictors of academic success for Graduate business programs. Gmac's assessments are accepted by more than 7,000 schools globally. (see schedule o)the gmat exam has been trusted by schools for over 60 years as a proven and reliable measurement in admissions. In 2015, gmac acquired the nmat examination in india, renamed the nmat by gmac. In 2016, gmac launched the executive assessment (ea) for executive Graduate Management programs. More information can be found at httpswwwgmaccomgmatotherassessmen...
Research: gmac research provides data-driven market intelligence and insights for the Graduate Management education community. Areas of focus include analysis of Graduate Management candidate test takers, application trends, corporate recruiting outlooks, alumni perspectives, and global and regional trends in areas of programs, diversity, talent mobility, and psychometric validity. Research directly supports and enables gmac member schools and the Graduate Management education community with interactive and custom reports and provides insights that enable two-way discovery between schools and candidates. More information can be seen at httpswwwgmaccommarketintelligence...
Other educational services for schools and gme candidates: including but not limited to, mba.com, gmac.com, professional development and events, and discovery and engagement solutions.mba.com: gme candidates are provided a rich portal via www.mba.com, where they can learn about the benefits of Graduate Management education and how to further their career journey. On the site, there are myriad opportunities to assist them with preparing for their applications, registering for exams, connecting with schools and accessing free and paid test preparation materials. (see schedule o)gmac.com: business school and higher education professionals can access a wealth of information via gmac.com, including market intelligence, insights and analysis, white papers, news digests, newsletters, assessment resources, and tools to help them sharpen their skills, be abreast of trends and tap into information and services specifically for gme professionals.professional development and events: gmac provides essential professional learning and development opportunities for admissions professionals and other business school leaders, including convening global education conferences, workshops, training, seminars, school events, webinars and more, both virtual and in-person.discovery and engagement solutions: gmac helps schools reach the largest qualified, global candidate pool interested in pursuing an mba or business master's degree through data-driven marketing, tours and content services.

Grants made by GMAC

GranteeGrant descriptionAmount
AACSB International - The Association to Advance Collegiate Schools of Business (AACSB)Promoting Gmac Products, Services, and Research and Providing Industry Support.$78,700
The Phd Project AssociationPromoting Gmac Products, Services, and Research and Providing Industry Support.$75,000
The Forte FoundationPromoting Gmac Products, Services, and Research and Providing Industry Support.$50,000
...and 2 more grants made

Personnel at GMAC

NameTitleCompensation
Joy JonesChief Executive Officer$590,802
Sangeet ChowflaDirector / President and Chief Executive Officer$850,321
Jennifer MartinChief Financial Officer and Head , Corporate Development / Chief of Staff / Vice President , Strategic Planning and Integration$428,440
Maite SalazarChief Marketing Officer$384,605
Kevin LefewChief Technology Officer$414,753
...and 20 more key personnel

Financials for GMAC

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$53,628,781
Investment income and dividends$3,307,275
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$6,035,093
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$55,457
Total revenues$63,026,606

Form 990s for GMAC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-03-31990View PDF
2018-122020-01-23990View PDF
...and 9 more Form 990s
Data update history
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 15, 2024
Updated personnel
Identified 7 new personnel
January 1, 2024
Used new vendors
Identified 3 new vendors, including , , and
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
Nonprofit Types
Trade associationsBusiness and community development organizationsSchoolsCharities
Issues
EducationCommunity improvementBusiness and industry
Characteristics
LobbyingOperates internationallyTax deductible donations
General information
Address
11921 Freedom Dr 300
Reston, VA 20190
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
gmac.com/ 
Phone
(703) 668-9600
IRS details
EIN
23-7084339
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B03: Education Professional Societies and Associations
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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