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Nonprofiteer
← CONSORTIUM MANAGEMENT GROUP INC

Form 990 for tax year 2023

Filed by CONSORTIUM MANAGEMENT GROUP INC.

Totals

Total revenue
$630,619,569
Total expenses
$618,785,102
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$629,597,937
Investment income
$1,021,632
Other revenue
$0
Total assets, end of year
$289,787,171
Total liabilities, end of year
$217,309,507
Net assets or fund balances, end of year
$72,477,664
Program services expenses (Part IX)
$614,376,590
Management and general expenses
$3,870,652
Fundraising expenses
$537,860
Program service expenses (Part III)
$614,376,590

Program services were 99.3% 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.

  • 2a · Program service revenue: OTA CONTRACT REVENUE

    total $606,329,811 · related or exempt $606,329,811

  • 2b · Program service revenue: OTA ADMINISTRATION FEES

    total $23,268,126 · related or exempt $23,268,126

  • 3 · Investment income

    total $1,021,632 · excluded $1,021,632

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,533,290 · program services $1,424,923 · management and general $2,015,505 · fundraising $92,862

  • 7 · Other salaries and wages

    total $3,090,878 · program services $2,740,358 · management and general $253,456 · fundraising $97,064

  • 8 · Pension plan contributions

    total $383,215 · program services $336,378 · management and general $33,588 · fundraising $13,249

  • 9 · Other employee benefits

    total $622,266 · program services $461,647 · management and general $139,656 · fundraising $20,963

  • 10 · Payroll taxes

    total $415,177 · program services $266,306 · management and general $136,845 · fundraising $12,026

  • 11b · Fees: legal

    total $219,603 · program services $219,441 · management and general $126 · fundraising $36

  • 11c · Fees: accounting

    total $136,894 · management and general $136,894

  • 11d · Fees: lobbying

    total $301,251 · program services $301,028 · management and general $173 · fundraising $50

  • 11f · Fees: investment management

    total $300 · management and general $300

  • 11g · Fees: other

    total $607,588,576 · program services $607,277,273 · management and general $211,426 · fundraising $99,877

  • 12 · Advertising and promotion

    total $5,357 · program services $2,944 · management and general $2,272 · fundraising $141

  • 13 · Office expenses

    total $112,175 · program services $61,646 · management and general $47,568 · fundraising $2,961

  • 14 · Information technology

    total $499,566 · program services $407,071 · management and general $77,706 · fundraising $14,789

  • 16 · Occupancy

    total $587,592 · program services $401,637 · management and general $169,474 · fundraising $16,481

  • 17 · Travel

    total $62,475 · program services $34,331 · management and general $13,471 · fundraising $14,673

  • 19 · Conferences, conventions and meetings

    total $250,209 · program services $105,494 · management and general $7,640 · fundraising $137,075

  • 20 · Interest

    total $1,807 · program services $993 · management and general $766 · fundraising $48

  • 22 · Depreciation, depletion and amortization

    total $222,840 · management and general $222,840

  • 23 · Insurance

    total $479,183 · program services $185,395 · management and general $285,414 · fundraising $8,374

  • 24a · Other expenses: RECRUITING

    total $184,567 · program services $101,429 · management and general $78,266 · fundraising $4,872

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $59,211 · program services $32,539 · management and general $25,109 · fundraising $1,563

  • 24c · Other expenses: DUES & SUBS.

    total $18,795 · program services $10,329 · management and general $7,970 · fundraising $496

  • 24d · Other expenses: PRINTED MATERIALS

    total $4,854 · program services $2,668 · management and general $2,058 · fundraising $128

  • 24e · All other expenses

    total $5,021 · program services $2,760 · management and general $2,129 · fundraising $132

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,641,605 · end of year $9,190,548

  • 2 · Savings and temporary cash investments

    beginning of year $137,961,069 · end of year $257,645,215

  • 4 · Accounts receivable

    beginning of year $29,943,009 · end of year $9,526,682

  • 9 · Prepaid expenses and deferred charges

    beginning of year $232,962 · end of year $56,520

  • 10a · Land, buildings and equipment: cost or other basis

    $1,621,694

  • 10b · Land, buildings and equipment: accumulated depreciation

    $610,450

  • 10c · Land, buildings and equipment, net

    beginning of year $275,032 · end of year $1,011,244

  • 11 · Investments: publicly traded securities

    beginning of year $8,571,251 · end of year $9,036,044

  • 14 · Intangible assets

    beginning of year $774,725 · end of year $634,925

  • 15 · Other assets

    beginning of year $1,588,293 · end of year $2,685,993

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,061,069 · end of year $19,652,725

  • 19 · Deferred revenue

    beginning of year $89,604,554 · end of year $194,475,554

  • 25 · Other liabilities

    beginning of year $1,646,335 · end of year $3,181,228

  • 27 · Net assets without donor restrictions

    beginning of year $58,675,988 · end of year $72,477,664

Mission and programs · 2023

Mission

CREATE AND MANAGE CONSORTIA COMPRISING INDUSTRY, AND ACADEMIC AND NONPROFIT RESEARCH ENTITIES; AND, THROUGH THE USE OF OTHER TRANSACTION AUTHORITY, FACILITATE COLLABORATIVE RESEARCH, DEVELOPMENT AND DEMONSTRATION OF CUTTING-EDGE TECHNOLOGIES BETWEEN CONSORTIA MEMBERS AND THE DEPARTMENT OF DEFENSE (DOD). IN DOING SO, CONSORTIUM MANAGEMENT GROUP, INC. (CMG) LESSENS THE BURDEN ON GOVERNMENT AND FULFILLS ITS MISSION TO EXPAND THE INDUSTRIAL BASE AVAILABLE TO THE GOVERNMENT BY PROVIDING A PATHWAY FOR THE DOD TO LEVERAGE COMMERCIAL INNOVATION AND INVESTMENTS IN TECHNOLOGY REQUIRED TO ACCELERATE DELIVERY OF NEW CAPABILITIES TO THE WARFIGHTER.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • THROUGH ITS MANAGED CONSORTIA, CMG FOSTERS AND FACILITATES COLLABORATIVE RESEARCH, DEVELOPMENT AND DEMONSTRATION OF TECHNOLOGIES OF INTEREST TO THE DEPARTMENT OF DEFENSE.

    Expenses $614,376,590 · Revenue $629,597,937

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles McBride

    PRESIDENT

    Total calculated
    $778,146
    From this org
    $682,296
    From related orgs
    $0
    Other
    $95,850
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $622,296
    Bonus
    $60,000
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $34,850
    Filer's total
    $778,146

  • J Michael Babin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • John F Bagley

    DIRECTOR (SEE SCHED O)

    Total calculated
    $0
    Hours/week
    3

  • Monica Vachher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • E Wayne Thevonot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • William C Ellison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • James Frankovic

    CEO

    Total calculated
    $830,656
    From this org
    $754,729
    From related orgs
    $0
    Other
    $75,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $658,278
    Bonus
    $60,000
    Other
    $36,451
    Deferred
    $61,000
    Nontaxable benefits
    $14,927
    Filer's total
    $830,656

  • John Britton

    VP AND GENERAL COUNSEL

    Total calculated
    $589,611
    From this org
    $497,871
    From related orgs
    $0
    Other
    $91,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $437,871
    Bonus
    $60,000
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $30,740
    Filer's total
    $589,611

  • Mary Reinecke

    CFO (UNTIL 9/2024)

    Total calculated
    $577,561
    From this org
    $485,352
    From related orgs
    $0
    Other
    $92,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $425,352
    Bonus
    $60,000
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $31,209
    Filer's total
    $577,561

  • Kimberly Blancuzzi

    COO

    Total calculated
    $520,734
    From this org
    $464,820
    From related orgs
    $0
    Other
    $55,914
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $384,883
    Bonus
    $50,549
    Other
    $29,388
    Deferred
    $45,750
    Nontaxable benefits
    $10,164
    Filer's total
    $520,734

  • Kristin Dawag

    SR. PROGRAM MANAGER

    Total calculated
    $324,545
    From this org
    $278,023
    From related orgs
    $0
    Other
    $46,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,528
    Bonus
    $29,998
    Other
    $26,497
    Deferred
    $34,648
    Nontaxable benefits
    $11,874
    Filer's total
    $324,545

  • Albert Rinaldi

    DIR. OF STRAT. ENG. (UNTIL 11/23)

    Total calculated
    $310,021
    From this org
    $255,443
    From related orgs
    $0
    Other
    $54,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,006
    Bonus
    $30,713
    Other
    $20,724
    Deferred
    $31,583
    Nontaxable benefits
    $22,995
    Filer's total
    $310,021

  • Thomas Garvey

    PROJECT MANAGER

    Total calculated
    $286,410
    From this org
    $244,776
    From related orgs
    $0
    Other
    $41,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,609
    Bonus
    $24,186
    Other
    $32,981
    Deferred
    $28,686
    Nontaxable benefits
    $12,948
    Filer's total
    $286,410

  • Stephanie Baker

    PROJECT MANAGER

    Total calculated
    $281,115
    From this org
    $220,498
    From related orgs
    $0
    Other
    $60,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,937
    Bonus
    $26,561
    Other
    $0
    Deferred
    $30,423
    Nontaxable benefits
    $30,194
    Filer's total
    $281,115

  • Morgan Lewis

    DIR. OF CONTRACTS

    Total calculated
    $256,850
    From this org
    $215,014
    From related orgs
    $0
    Other
    $41,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,225
    Bonus
    $20,111
    Other
    $25,678
    Deferred
    $23,218
    Nontaxable benefits
    $18,618
    Filer's total
    $256,850

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
TAX INDEMNIFICATION FOR PREMIUMS RELATING TO INDIVIDUAL EXCESS LIFE AND AND LONG-TERM DISABILITY POLICIES INCLUDED IN TAXABLE COMPENSATION. PAYMENTS FOR SOCIAL CLUB DUES ON BEHALF OF CEO/CHAIRMAN.
PART I, LINE 7
BONUS PAYMENTS WERE PROVIDED TO THE OFFICERS, ONE KEY EMPLOYEE AND FIVE HCES BASED ON PERFORMANCE AND THE ACHIEVEMENT OF MILESTONES. BONUSES FOR OFFICERS AND KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD. BONUSES FOR HIGHLY COMPENSATED EMPLOYEES ARE REVIEWED AND APPROVED BY MANAGEMENT. DURING THE YEAR THE FOLLOWING EMPLOYEES RECEIVED BONUSES: JAMES FRANKOVIC $60,000 CHARLES W. MCBRIDE $60,000 JOHN BRITTON $60,000 MARY REINECKE $60,000 KIMBERLY BLANCUZZI $50,549 KRISTIN DAWAG $29,998 ALBERT RINALDI $30,713 THOMAS GARVEY $24,186 STEPHANIE BAKER $26,561 MORGAN LEWIS $20,111

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
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202522269349302647

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