Form 990 for tax year 2022
Filed by THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT.
Totals
- Total revenue
- $3,287,185
- Total expenses
- $3,501,696
- Contributions and grants received
- $380,258
- Grants paid
- $150,000
- Program service revenue
- $3,212,792
- Investment income
- $52,637
- Other revenue
- -$358,502
- Total assets, end of year
- $4,545,810
- Total liabilities, end of year
- $676,850
- Net assets or fund balances, end of year
- $3,868,960
- Program services expenses (Part IX)
- $3,111,633
- Management and general expenses
- $387,974
- Fundraising expenses
- $2,089
- Program service expenses (Part III)
- $3,111,633
Program services were 88.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$380,258
-
2a · Program service revenue: PROGRAM REVENUE
total $3,212,792 · related or exempt $3,212,792
-
3 · Investment income
total $52,637 · related or exempt $52,637
-
11a · Other revenue: FOREIGN EXCHANGE GAIN/
total -$358,502 · related or exempt -$358,502
-
11e · Other revenue, total
-$358,502
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $150,000 · program services $150,000
-
11b · Fees: legal
total $42,743 · program services $40,995 · management and general $1,748
-
11c · Fees: accounting
total $54,000 · management and general $54,000
-
13 · Office expenses
total $4,695 · program services $4,623 · management and general $72
-
14 · Information technology
total $43,328 · program services $43 · management and general $43,285
-
23 · Insurance
total $243,191 · management and general $242,283 · fundraising $908
-
24a · Other expenses: REIMBURSEMENT OF LABOR
total $1,823,405 · program services $1,823,405
-
24b · Other expenses: PROGRAM/PROJECT EXPENSE
total $1,048,718 · program services $1,041,299 · management and general $6,238 · fundraising $1,181
-
24c · Other expenses: OTHER EXPENSES
total $91,616 · program services $51,268 · management and general $40,348
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,666,709 · end of year $3,021,759
-
4 · Accounts receivable
beginning of year $493,888 · end of year $502,310
-
9 · Prepaid expenses and deferred charges
beginning of year $201,050 · end of year $232,868
-
10a · Land, buildings and equipment: cost or other basis
$74,389
-
10b · Land, buildings and equipment: accumulated depreciation
$74,389
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $757 · end of year $0
-
15 · Other assets
beginning of year $1,314,316 · end of year $788,873
-
17 · Accounts payable and accrued expenses
beginning of year $516,839 · end of year $604,756
-
19 · Deferred revenue
beginning of year $2,215,678 · end of year $72,094
-
27 · Net assets without donor restrictions
beginning of year $1,927,404 · end of year $3,021,952
-
28 · Net assets with donor restrictions
beginning of year $16,799 · end of year $847,008
Mission and programs · 2022
Mission
TO EDUCATE GLOBAL LEADERS WHO CREATE SUSTAINABLE PROSPERITY WORLDWIDE.
-
PROVIDED AN EDUCATION TO EXECUTIVE EDUCATION STUDENTS AND WOMEN'S ENTREPRENEURIAL PROGRAMS WORLDWIDE.
Expenses $3,111,633 · Grants $150,000 · Revenue $2,906,927
As filed on the 2022 return.
Listed in Part VII
-
Morgan OlsenMORGAN OLSEN
CHAIRMAN, VP & TREASURER
- Total calculated
- $1,014,426
- From this org
- $0
- From related orgs
- $961,274
- Other
- $53,152
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $539,921 related
- Bonus
- $0 + $45,000 related
- Other
- $0 + $376,353 related
- Deferred
- $0 + $39,650 related
- Nontaxable benefits
- $0 + $13,502 related
- Filer's total
- $0 + $1,014,426 related
-
Jim O'BrienJIM O'BRIEN
TRUSTEE
- Total calculated
- $666,351
- From this org
- $0
- From related orgs
- $621,709
- Other
- $44,642
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $420,813 related
- Bonus
- $0 + $90,000 related
- Other
- $0 + $110,896 related
- Deferred
- $0 + $39,650 related
- Nontaxable benefits
- $0 + $4,992 related
- Filer's total
- $0 + $666,351 related
-
Nancy GonzalesNANCY GONZALES
VICE PRESIDENT
- Total calculated
- $957,951
- From this org
- $0
- From related orgs
- $818,369
- Other
- $139,582
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $627,180 related
- Bonus
- $0
- Other
- $0 + $191,189 related
- Deferred
- $0 + $134,330 related
- Nontaxable benefits
- $0 + $5,252 related
- Filer's total
- $0 + $957,951 related
-
Sally MortonSALLY MORTON
TRUSTEE
- Total calculated
- $815,579
- From this org
- $0
- From related orgs
- $762,427
- Other
- $53,152
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $498,721 related
- Bonus
- $0
- Other
- $0 + $263,706 related
- Deferred
- $0 + $39,650 related
- Nontaxable benefits
- $0 + $13,502 related
- Filer's total
- $0 + $815,579 related
-
Lisa LooLISA LOO
SECRETARY
- Total calculated
- $490,481
- From this org
- $0
- From related orgs
- $448,218
- Other
- $42,263
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $382,844 related
- Bonus
- $0
- Other
- $0 + $65,374 related
- Deferred
- $0 + $34,063 related
- Nontaxable benefits
- $0 + $8,200 related
- Filer's total
- $0 + $490,481 related
-
Matthew SmithMATTHEW SMITH
VICE PRESIDENT
- Total calculated
- $293,651
- From this org
- $0
- From related orgs
- $269,006
- Other
- $24,645
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $254,006 related
- Bonus
- $0 + $15,000 related
- Other
- $0
- Deferred
- $0 + $19,156 related
- Nontaxable benefits
- $0 + $5,489 related
- Filer's total
- $0 + $293,651 related
-
Anjali B HalabeANJALI B HALABE
VP & ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Michael Crow Until 92022MICHAEL CROW UNTIL 92022
CHAIRMAN OF THE BOARD
- Total calculated
- $1,403,699
- From this org
- $0
- From related orgs
- $1,230,189
- Other
- $173,510
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $775,091 related
- Bonus
- $0
- Other
- $0 + $455,098 related
- Deferred
- $0 + $168,129 related
- Nontaxable benefits
- $0 + $5,381 related
- Filer's total
- $0 + $1,403,699 related
-
Jose Cardenas Until 82022JOSE CARDENAS UNTIL 82022
SECRETARY
- Total calculated
- $492,124
- From this org
- $0
- From related orgs
- $447,006
- Other
- $45,118
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $399,496 related
- Bonus
- $0 + $12,500 related
- Other
- $0 + $35,010 related
- Deferred
- $0 + $39,650 related
- Nontaxable benefits
- $0 + $5,468 related
- Filer's total
- $0 + $492,124 related
-
Richard Stanley Until 92022RICHARD STANLEY UNTIL 92022
VICE PRESIDENT
- Total calculated
- $345,094
- From this org
- $0
- From related orgs
- $295,989
- Other
- $49,105
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $243,462 related
- Bonus
- $0
- Other
- $0 + $52,527 related
- Deferred
- $0 + $43,678 related
- Nontaxable benefits
- $0 + $5,427 related
- Filer's total
- $0 + $345,094 related
-
Joanne Wamsley Until 82022JOANNE WAMSLEY UNTIL 82022
VP & ASSISTANT TREASURER
- Total calculated
- $226,302
- From this org
- $0
- From related orgs
- $209,620
- Other
- $16,682
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $185,335 related
- Bonus
- $0
- Other
- $0 + $24,285 related
- Deferred
- $0 + $13,136 related
- Nontaxable benefits
- $0 + $3,546 related
- Filer's total
- $0 + $226,302 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- FORM 990, SCHEDULE J, PART I, LINE 3
- THE OFFICERS AND DIRECTORS LISTED ON THIS SCHEDULE J ARE COMPENSATED BY ARIZONA STATE UNIVERSITY. THEIR COMPENSATION IS DETERMINED BY THE UNIVERSITY IN ADHERANCE WITH POLICIES OF THE UNIVERSITY AND APPLICABLE UNIVERSITY GOVERNANCE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
ARIZONA STATE UNIVERSITY
$0
TO PROVIDE SUPPORT FOR THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT AT ASU
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ARIZONA STATE UNIVERSITY
115 · EDUCATION · AZ
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
THUNDERBIRD EUROPE ONE LLC
HOLDING CO · AZ · income $0 · assets $0
Directly controlled by TSGM
-
THUNDERBIRD EUROPE TWO LLC
HOLDING CO · AZ · income $0 · assets $0
Directly controlled by TSGM
-
THUNDERBIRD WORLDWIDE LLC
HOLDING CO · AZ · income $0 · assets $0
Directly controlled by TSGM
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
THUNDERBIRD WORLDWIDE KAZAKHSTAN LLP
NONE · EDUCATION · KZ · 100% owned · share of income $2,985 · share of assets $54,205
Directly controlled by THUNDERBIRD WORLDWIDE LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
RUSSIAN BUSINESS SKILLS DEVELOPMENT
C · HOLDING CO · DE · 100% owned · share of income $1,659 · controlled entity
Directly controlled by TGSM
-
THUNDERBIRD ASIA CORPORATION
C · EDUCATION · AZ · 100% owned · controlled entity
Directly controlled by TSGM
-
THUNDERBIRD EUROPE SARL
C · EDUCATION · SZ · 100% owned · share of income -$163,168 · share of assets $2,025,330 · controlled entity
Directly controlled by TSGM
-
CBSD
C · EDUCATION · RS · 100% owned · share of income $1,903 · share of assets $1,314,167 · controlled entity
Directly controlled by RBSD
-
THUNDERBIRD INTERNATIONAL
C · HOLDING CO · AZ · 100% owned
Directly controlled by TSGM
-
THUNDERBIRD CBSD CORP
C · HOLDING CO · AZ · 100% owned
Directly controlled by TSGM
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411369349306921
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