Consortium Management Group Inc
99% goes to programs Growing revenue
Consortium Management Group Inc is a 501(c)(3) organization based in Bedminster, New Jersey, registered in 2014, with $630,619,569 in FY2023 revenue. CharityIndex grades it B+, and it directs about 99% of spending to programs.
550 Hills Dr Ste 108b, Bedminster, NJ, 07921 EIN 46-4166123 Since 2014
Revenue (FY2023)
$630.6M
▲ 13.6% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$618.8M
Net assets
$72.5M
Employees
30
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Consortium Management Group Inc: 99% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Consortium Management Group Inc: 1 mo reserves · +2% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Consortium Management Group Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Consortium Management Group Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See part iii, line 1.
Contact & location
- Address
- 550 Hills Dr Ste 108b, Bedminster, NJ, 07921
- City
- Bedminster
- State
- New Jersey
- Category
- Public & Societal Benefit
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $0 (FY2013) to $630.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $217.3MNet assets $72.5M
Operating margin
1.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$289.8M
Total liabilities
$217.3M
Net assets
$72.5M
Salaries & benefits
$8.0M
1% of expenses
Board members
6
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $630,619,569▲13.6% | $618,785,102▲13.6% | $72,477,664▲23.5% | $289,787,171▲50.2% | 990 |
| 2022 | $555,329,477▲16.7% | $544,869,000▲16.9% | $58,675,988▲24.4% | $192,987,946▲33.3% | 990 |
| 2021 | $475,674,736▼10.8% | $466,010,233▼10.6% | $47,149,210▲6.0% | $144,827,251▲32.3% | 990 |
| 2020 | $533,503,830▼4.5% | $521,520,738▼4.9% | $44,459,772▲36.1% | $109,463,417▼13.9% | 990 |
| 2019 | $558,756,032▲5.9% | $548,338,758▲5.5% | $32,668,692▲45.4% | $127,122,682▲25.2% | 990 |
| 2018 | $527,616,250▲85.6% | $519,641,391▲109% | $22,474,293▲52.7% | $101,550,536▲101% | 990 |
| 2017 | $284,269,461 | $248,201,487▲52281% | $14,719,635▲9375% | $50,510,184▲246% | 990 |
| 2016 | $0▼100% | $473,836▼26.7% | $155,355▼75.3% | $14,579,389▲1509% | 990 |
| 2015 | $1,266,664▲443% | $646,765▲189% | $629,191▲6671% | $906,260▲443% | 990 |
| 2014 | $233,333 | $224,041 | $9,292 | $166,846▲122% | 990 |
| 2013 | $0 | $0 | $0 | $75,115 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: James Frankovic — $754,729 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James Frankovic | Ceo | 40 | $754,729 |
| Charles Mcbride | President | 35 | $682,296 |
| John Britton | Vp and General Counsel | 40 | $497,871 |
| Mary Reinecke | Cfo (until 9/2024) | 40 | $485,352 |
| Kimberly Blancuzzi | Coo | 40 | $464,820 |
| Kristin Dawag | Sr. Program Manager | 40 | $278,023 |
| Albert Rinaldi | Dir. of Strat. Eng. (until 11/23) | 40 | $255,443 |
| Thomas Garvey | Project Manager | 40 | $244,776 |
| Stephanie Baker | Project Manager | 40 | $220,498 |
| Morgan Lewis | Dir. of Contracts | 40 | $215,014 |
| E Wayne Thevonot | Director | 3 | — |
| J Michael Babin | Director | 3 | — |
| John F Bagley | Director (see Sched O) | 3 | — |
| Monica Vachher | Director | 3 | — |
| William C Ellison | Director | 3 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Lockheed Martin Corporation | Aerospace Def. Tech. | $102,441,957 |
| Integrated Solutions For Sys | Technology Development | $52,157,345 |
| Elbit Systems of America | Adv. Tech Solutions | $35,104,531 |
| Raytheon Company | Military Weapons Elect. | $30,977,521 |
| Peopletec | Technology Development | $23,266,375 |
Grants made · $169K in FY2020
13 grants totaling $169K in FY2020. All grants made by Consortium Management Group Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Smcm Foundation | Support of stem workforce development | $30,000 |
| Fauquier Fish | Pandemic emergency relief (community of interest to cmg) | $20,000 |
| Community Touch Inc | Pandemic emergency relief (community of interest to cmg) | $20,000 |
| Market Street Mission Inc | Pandemic emergency relief (community of interest to cmg) | $15,000 |
| Flemington Area Food Pantry Inc | Pandemic emergency relief (community of interest to cmg) | $10,000 |
| Food Bank of Somerset County Inc | Pandemic emergency relief (community of interest to cmg) | $10,000 |
| Western Fairfax Christian Ministries | Pandemic emergency relief (community of interest to cmg) | $10,000 |
| Cornerstone Montgomery Inc | Pandemic emergency relief (community of interest to cmg) | $10,000 |
| Protestant Episcopal Church In the United States of America | Pandemic emergency relief (community of interest to cmg) | $10,000 |
| Flanders Fire Company 1 Inc | Pandemic emergency relief (community of interest to cmg) | $10,000 |
| The Light House Inc | Pandemic emergency relief (community of interest to cmg) | $10,000 |
| Happy Helpers For the Homeless Inc | Pandemic emergency relief (community of interest to cmg) | $7,500 |
| Fauquier Family Shelter Services Inc | Pandemic emergency relief (community of interest to cmg) | $6,000 |
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Frequently asked questions
- Is Consortium Management Group Inc a legitimate nonprofit?
- Yes. Consortium Management Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-4166123, based in Bedminster, New Jersey. Donations are tax-deductible.
- What is Consortium Management Group Inc's EIN?
- Consortium Management Group Inc's Employer Identification Number (EIN) is 46-4166123.
- How much revenue does Consortium Management Group Inc report?
- Consortium Management Group Inc reported $630,619,569 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Consortium Management Group Inc's spending goes to programs?
- Consortium Management Group Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Consortium Management Group Inc have?
- CharityIndex grades Consortium Management Group Inc B+, based on program efficiency and fundraising cost.
- How much does Consortium Management Group Inc's highest-paid employee make?
- The highest reported compensation on Consortium Management Group Inc's latest Form 990 is $754,729, paid to James Frankovic (Ceo).
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Data for Consortium Management Group Inc (EIN 46-4166123) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.