Consortium Management Group Inc
- Assets
- $193.0m
- Revenue
- $555.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Washington, DC
- Founding
- 09/2014
- Data as of
- 09/2023
- EIN
- 46-4166123
Organization Overview
Consortium Management Group Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (W19) the organization is classified as: Support N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2023, Consortium Management Group Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consortium Management Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Consortium Management Group Inc generated $555.3m in total revenue. All expenses for the organization totaled $544.9m during the year ending 09/2023.
Since 2020, Consortium Management Group Inc has awarded 29 individual grants totaling $518,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS MANAGED CONSORTIA, CMG FOSTERS AND FACILITATES COLLABORATIVE RESEARCH, DEVELOPMENT AND DEMONSTRATION OF TECHNOLOGIES OF INTEREST TO THE DEPARTMENT OF DEFENSE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Mcbride Chairman And CEO | OfficerTrustee | 35 | $616,342 |
J Michael Babin Director | Trustee | 3 | $0 |
John F Bagley Director | Trustee | 3 | $0 |
Monica Vachher Director | Trustee | 3 | $0 |
E Wayne Thevenot Director | Trustee | 3 | $0 |
William C Ellison Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lockheed Martin Corporation Aerospace Def. Tech. | 9/29/23 | $50,993,305 |
Palantir Usg Inc Data Analytics S/ware. | 9/29/23 | $24,099,505 |
Elbit Systems Of America Adv. Tech Solutions | 9/29/23 | $21,408,700 |
Raytheon Company Military Weapons Elect. | 9/29/23 | $21,654,196 |
Aspen Consulting Group Rdt&e | 9/29/23 | $17,528,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $554,956,322 |
| Investment income | $373,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $555,329,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,185,061 |
| Compensation of current officers, directors, key employees. | $2,319,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,927,249 |
| Pension plan accruals and contributions | $527,679 |
| Other employee benefits | $584,788 |
| Payroll taxes | $370,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $444,511 |
| Fees for services: Accounting | $134,694 |
| Fees for services: Lobbying | $483,214 |
| Fees for services: Fundraising | $5,346 |
| Fees for services: Investment Management | $207 |
| Fees for services: Other | $533,670,008 |
| Advertising and promotion | $13,572 |
| Office expenses | $96,500 |
| Information technology | $506,905 |
| Royalties | $0 |
| Occupancy | $517,410 |
| Travel | $108,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $322,507 |
| Interest | $43 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,454 |
| Insurance | $383,551 |
| All other expenses | $196,101 |
| Total functional expenses | $544,869,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,641,605 |
| Savings and temporary cash investments | $137,961,069 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,943,009 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $232,962 |
| Net Land, buildings, and equipment | $275,032 |
| Investments—publicly traded securities | $8,571,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $774,725 |
| Other assets | $1,588,293 |
| Total assets | $192,987,946 |
| Accounts payable and accrued expenses | $43,061,069 |
| Grants payable | $0 |
| Deferred revenue | $89,604,554 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,646,335 |
| Total liabilities | $134,311,958 |
| Net assets without donor restrictions | $58,675,988 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $192,987,946 |
Grants Awarded
Over the last fiscal year, Consortium Management Group Inc has awarded $168,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY TOUCH INC PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $20,000 |
CORNERSTONE MONTGOMERY INC PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $10,000 |
CULPEPER FOOD CLOSET PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $10,000 |
FAMILY SHELTER SERVICES PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $6,000 |
FAUQUIER FISH PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $20,000 |
FLANDERS FIRE CO #1 AND RESCUE SQUAD PURPOSE: PANDEMIC EMERGENCY RELIEF (COMMUNITY OF INTEREST TO CMG) | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consortium Management Group Inc Washington, DC | $192,987,946 | $555,329,477 |
Conference Of State Bank Supervisors Inc Washington, DC | $226,593,162 | $107,628,406 |
Tholos Foundation Washington, DC | $3,468,200 | $2,746,957 |
United Service Organizations Inc Norfolk, VA | $0 | $1,039,563 |
New Markets Tax Credit Coalition Washington, DC | $534,532 | $867,475 |
Adc Research Institute Washington, DC | $307,295 | $551,455 |
World Wide Web Foundation Washington, DC | $928,010 | $1,535,471 |
Baltimore County Inaugural Inc Pikesville, MD | $20,207 | $160,000 |
Cultivate The Karass Arlington, VA | $27,577 | $0 |
So Md Vacation For Vets California, MD | $45,325 | $40,740 |
Tei Education Fund Washington, DC | $112,024 | $0 |
Associates For Renewal In Education Washington, DC | $441,939 | $0 |
Beyond Baskets Glen Allen, VA | $100 | $0 |