Form 990 for tax year 2024
Filed by NATIONAL CONSORTIUM FOR GRADUATE DGRS MINORITIES IN ENGINEERING.
Totals
- Total revenue
- $10,121,839
- Total expenses
- $10,856,687
- Contributions and grants received
- $9,294,897
- Grants paid
- $5,981,812
- Program service revenue
- $86,939
- Investment income
- $567,872
- Other revenue
- $172,131
- Total assets, end of year
- $24,826,946
- Total liabilities, end of year
- $17,051,965
- Net assets or fund balances, end of year
- $7,774,981
- Program services expenses (Part IX)
- $9,022,202
- Management and general expenses
- $749,545
- Fundraising expenses
- $1,084,940
- Program service expenses (Part III)
- $9,022,202
Program services were 83.1% 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.
-
1b · Membership dues
$623,500
-
1e · Government grants (contributions)
$2,103,023
-
1f · All other contributions, gifts and grants
$6,568,374
-
2a · Program service revenue: CONEFERENCE REGISTRATION
total $56,762 · related or exempt $56,762
-
2b · Program service revenue: GRAD LABS
total $30,177 · related or exempt $30,177
-
3 · Investment income
total $567,872 · excluded $567,872
-
11a · Other revenue: REFUND
total $172,131 · excluded $172,131
-
11e · Other revenue, total
$172,131
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $5,981,812 · program services $5,981,812
-
5 · Compensation of officers, directors and key employees
total $707,348 · program services $85,624 · management and general $284,136 · fundraising $337,588
-
7 · Other salaries and wages
total $823,762 · program services $567,235 · management and general $106,223 · fundraising $150,304
-
8 · Pension plan contributions
total $28,526 · program services $10,549 · management and general $4,350 · fundraising $13,627
-
9 · Other employee benefits
total $187,296 · program services $84,785 · management and general $51,771 · fundraising $50,740
-
10 · Payroll taxes
total $109,958 · program services $48,371 · management and general $27,533 · fundraising $34,054
-
11c · Fees: accounting
total $117,861 · program services $17,631 · management and general $79,702 · fundraising $20,528
-
11f · Fees: investment management
total $37,500 · management and general $37,500
-
11g · Fees: other
total $988,205 · program services $618,807 · management and general $33,166 · fundraising $336,232
-
12 · Advertising and promotion
total $30,850 · program services $9,932 · management and general $9,351 · fundraising $11,567
-
13 · Office expenses
total $170,148 · program services $92,997 · management and general $51,652 · fundraising $25,499
-
14 · Information technology
total $110,528 · program services $37,436 · management and general $32,675 · fundraising $40,417
-
16 · Occupancy
total $33,452 · program services $10,770 · management and general $10,140 · fundraising $12,542
-
17 · Travel
total $1,260,346 · program services $1,230,972 · management and general $1,759 · fundraising $27,615
-
19 · Conferences, conventions and meetings
total $207,534 · program services $205,463 · management and general $926 · fundraising $1,145
-
22 · Depreciation, depletion and amortization
total $45,340 · program services $14,596 · management and general $13,744 · fundraising $17,000
-
23 · Insurance
total $12,765 · program services $4,110 · management and general $3,869 · fundraising $4,786
-
24a · Other expenses: MEMBERSHIP DUES
total $3,456 · program services $1,112 · management and general $1,048 · fundraising $1,296
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,873,961 · end of year $4,975,827
-
2 · Savings and temporary cash investments
beginning of year $3,251,388 · end of year $4,906,357
-
4 · Accounts receivable
beginning of year $6,591,211 · end of year $4,966,331
-
10a · Land, buildings and equipment: cost or other basis
$1,286,745
-
10b · Land, buildings and equipment: accumulated depreciation
$731,235
-
10c · Land, buildings and equipment, net
beginning of year $600,851 · end of year $555,510
-
12 · Investments: other securities
beginning of year $8,381,494 · end of year $9,422,921
-
17 · Accounts payable and accrued expenses
beginning of year $2,110,802 · end of year $2,041,135
-
19 · Deferred revenue
beginning of year $12,933,723 · end of year $15,004,903
-
23 · Secured mortgages and notes payable
beginning of year $25,318 · end of year $4,927
-
25 · Other liabilities
beginning of year $1,000 · end of year $1,000
-
27 · Net assets without donor restrictions
beginning of year $8,628,062 · end of year $7,774,981
Mission and programs · 2024
Mission
GEM INVESTS IN AMERICA'S WORKFORCE BY RECRUITING STUDENTS LOOKING TO PURSUE MASTER'S AND DOCTORAL DEGREES IN APPLIED SCIENCE AND ENGINEERING, AND MATCHES THEIR SPECIFIC SKILLS TO THE SPECIFIC TECHNICAL NEEDS OF GEM EMPLOYER PARTNERS.
Activities or mission (Part I)
TO ADVANCE DOMESTIC SCIENTIFIC IMPACT BY ENCOURAGING ALL STUDENTS TO PURSUE MASTER'S AND DOCTORAL DEGREES IN APPLIED SCIENCE AND ENGINEERING.
-
TO ADVANCE DOMESTIC SCIENTIFIC IMPACT BY ENCOURAGING ALL STUDENTS TO PURSUE MASTER'S AND DOCTORAL DEGREES IN APPLIED SCIENCE AND ENGINEERING.
Expenses $9,022,202 · Grants $5,981,812 · Revenue $86,939
As filed on the 2024 return.
Listed in Part VII
-
Brennon MarcanoBRENNON MARCANO
CHIEF EXECUTIVE OFFICER
- Total calculated
- $401,849
- From this org
- $361,078
- From related orgs
- $0
- Other
- $40,771
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $361,078
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $40,771
- Filer's total
- $401,849
-
Steve IsakowitzSTEVE ISAKOWITZ
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sheri DeppSHERI DEPP
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Percy GilbertPERCY GILBERT
TRUSTEE (THRU SEP 2024); VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Charlotte FarmerCHARLOTTE FARMER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Cordell HardyCORDELL HARDY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Meltem ErolMELTEM EROL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James H Garrett JrJAMES H GARRETT JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Melvin GreerMELVIN GREER
TRUSTEE (THRU SEP 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Richard HarrisRICHARD HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Trena LillyTRENA LILLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stacey MacNeilSTACEY MACNEIL
TRUSTEE (THRU NOV 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Lindsey TwardyLINDSEY TWARDY
TRUSTEE (THRU JAN 2025)
- Total calculated
- $0
- Hours/week
- 1
-
David WattsDAVID WATTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth WrightKENNETH WRIGHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julie YunJULIE YUN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jamie D HicksJAMIE D HICKS
SENIOR MANAGER, ACCOUNTING
- Total calculated
- $108,134
- From this org
- $103,490
- From related orgs
- $0
- Other
- $4,644
- Hours/week
- 40
-
Erika HowellERIKA HOWELL
CHIEF OPERATING OFFICER
- Total calculated
- $89,531
- From this org
- $78,882
- From related orgs
- $0
- Other
- $10,649
- Hours/week
- 40
-
Marcus HuggansMARCUS HUGGANS
EXECUTIVE DIR. OF CLIENT RELATIONS
- Total calculated
- $213,314
- From this org
- $171,904
- From related orgs
- $0
- Other
- $41,410
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,904
- Bonus
- $0
- Other
- $0
- Deferred
- $5,395
- Nontaxable benefits
- $36,015
- Filer's total
- $213,314
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
- 3 · Approval by the board or compensation committee
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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601349349307505
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