Civic Intelligence

Graduate Business Curriculum Roundtable

990 • Fiscal year 2023 • EIN 84-1506702

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

1225 Lasalle Avenue Suite 804Minneapolis, MN 55403

(610) 616-4593

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

36th percentile

-3.3%

Higher net margin than 36% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$135,150

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 38.2% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

36th percentile

-6.4%

Faster asset growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

32%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$162,943

Down $11,151 (-6.4%) from 2022

Net Assets

Down

$158,193

Down $11,850 (-7.0%) from 2022

Liabilities

Up

$4,750

Up $699 (+17%) from 2022

Revenue

Up

$353,980

Up $86,282 (+32%) from 2022

Expenses

Up

$365,830

Up $110,882 (+43%) from 2022

Net Income

Down

-$11,850

Down $24,600 (-193%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $41,777Liabilities 2010: $33,010Net Assets 2010: $8,7672010Assets 2011: $88,026Liabilities 2011: $15,198Net Assets 2011: $72,8282011Assets 2012: $112,797Liabilities 2012: $29,771Net Assets 2012: $83,0262012Assets 2013: $84,299Liabilities 2013: $7,600Net Assets 2013: $76,6992013Assets 2014: $92,291Liabilities 2014: $3,250Net Assets 2014: $89,0412014Assets 2015: $122,618Liabilities 2015: $4,150Net Assets 2015: $118,4682015Assets 2016: $155,036Liabilities 2016: $33,665Net Assets 2016: $121,3712016Assets 2017: $164,555Liabilities 2017: $23,740Net Assets 2017: $140,8152017Assets 2018: $189,686Liabilities 2018: $0Net Assets 2018: $189,6862018Assets 2019: $189,092Liabilities 2019: $3,546Net Assets 2019: $185,5462019Assets 2020: $146,158Liabilities 2020: $3,703Net Assets 2020: $142,4552020Assets 2021: $160,990Liabilities 2021: $3,697Net Assets 2021: $157,2932021Assets 2022: $174,094Liabilities 2022: $4,051Net Assets 2022: $170,0432022Assets 2023: $162,943Liabilities 2023: $4,750Net Assets 2023: $158,1932023Assets 2024: $214,416Liabilities 2024: $59,915Net Assets 2024: $154,5012024

Highlighted filing

2023

Assets$162,943
Liabilities$4,750
Net Assets$158,193

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2010: $144,330Expenses 2010: $140,881Net Income 2010: $3,4492010Revenue 2011: $170,280Expenses 2011: $137,180Net Income 2011: $33,1002011Revenue 2012: $167,354Expenses 2012: $157,156Net Income 2012: $10,1982012Revenue 2013: $204,058Expenses 2013: $210,385Net Income 2013: -$6,3272013Revenue 2014: $202,262Expenses 2014: $189,920Net Income 2014: $12,3422014Revenue 2015: $219,760Expenses 2015: $190,333Net Income 2015: $29,4272015Revenue 2016: $199,361Expenses 2016: $196,465Net Income 2016: $2,8962016Revenue 2017: $238,929Expenses 2017: $213,184Net Income 2017: $25,7452017Revenue 2018: $253,264Expenses 2018: $208,907Net Income 2018: $44,3572018Revenue 2019: $223,769Expenses 2019: $218,093Net Income 2019: $5,6762019Revenue 2020: $156,979Expenses 2020: $200,070Net Income 2020: -$43,0912020Revenue 2021: $257,301Expenses 2021: $242,463Net Income 2021: $14,8382021Revenue 2022: $267,698Expenses 2022: $254,948Net Income 2022: $12,7502022Revenue 2023: $353,980Expenses 2023: $365,830Net Income 2023: -$11,8502023Revenue 2024: $329,336Expenses 2024: $333,028Net Income 2024: -$3,6922024

Highlighted filing

2023

Revenue$353,980
Expenses$365,830
Net Income-$11,850
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Gross Receipts
$353,980
Mission and Program Overview

Mission

The graduate business curriculum roundtable is a global association of business schools whose mission is to advance graduate management education through curricular and co-curricular innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$121,002$111,832▼ $9,170
Savings and Temporary Cash Investments$50,045$50,296▲ $251
Land, Buildings, and Equipment, Net$959$746▼ $213
Intangible Assets$2,088$69▼ $2,019
Total Assets$174,094$162,943▼ $11,151
Liabilities
Accounts Payable and Accrued Expenses$4,051$4,750▲ $699
Total Liabilities$4,051$4,750▲ $699
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$170,043$158,193▼ $11,850
Total Net Assets Fund Balance$170,043$158,193▼ $11,850
Total Liabilities and Net Assets / Fund Balance$174,094$162,943▼ $11,151

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$746$320$1,066
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeff BieganekExecutive DiFT$135,150$135,150

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$353,729
Investment Income
$251
Other Revenue
$0
Change in Net Assets
$-11,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$215,256
Salaries, Compensation, and Employee Benefits$150,574
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$108,120$27,030-$135,150
Conferences and Meetings$85,000$1,857-$86,857
Office Expenses$6,298$26,932-$33,230
Fees for Services Other$27,264$1,815-$29,079
Other Expenses$27,000--$27,000
Fees for Services Legal-$14,299-$14,299
Travel$3,612$8,401-$12,013
Payroll Taxes$8,459$2,115-$10,574
Advertising$4,445$2,500-$6,945
Other Employee Benefits$3,880$970-$4,850
Fees for Services Accounting-$3,601-$3,601
Depreciation Depletion-$2,232-$2,232
Total Functional Expenses$274,078$91,752$0$365,830
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization provides services to member mba programs. The members have no control over the board of directors, management, or governance.

Form 990, Page 6, Part VI, Line 11B

The form 990 was reviewed by the executive director, board chair, and the board treasurer prior to filing.

Form 990, Page 6, Part VI, Line 19

Copies of the organization's governing documents may be requested by contacting the office.

Filing and Contact Details

Filer

Filer Name
Graduate Business Curriculum
EIN
84-1506702
Phone
6106164593
Address
1225 LASALLE AVENUE SUITE 804, MINNEAPOLIS, MN 55403

Signing Officer

Name
Michael Maier
Title
Treasurer
Phone
6106164593
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Bieganek
Formed
1999
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
13

Preparer

Firm
Kayen & Liepmann Pc
Address
PO BOX 1, NORWICH, VT 05055-0001
Preparer
Suzanna K Liepmann
Phone
8026491689
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4B

Workshops and forums in february, the graduate business curriculum roundtable launched its first in-person, faculty workshop. The workshop was entitled, inclusive excellence in graduate business curriculum: taking it to the next level which took place from february 23-24, 2023, at the tcu neeley school of business. We were pleased to have over 40 attendees from as far away as england in attendance. The graduate business curriculum roundtable served in an advisory capacity and delivered content for breakout sessions for the annual leadership conference in partnership with the graduate management admission council (gmac) in january 2023. This is an ongoing partnership. To expand its reach the gbcr maintains partnerships with gmac, executive mba council, forte, part-time mba affiliate group, the association to advance collegiate schools of business, leaders of experiential project-based education, mba career services council and the european foundation for management development.

Form 990, Page 2, Part III, Line 4D

Research three major research surveys were also completed in conjunction with our events, to provide our members with increased insight into graduate management curriculum issues. The first and largest was our bi-annual curriculum benchmarking survey, for which 99 business schools responded to the online survey between february 1 and march 21, 2023, and provided detailed curriculum data for 207 graduate business programs. In the fall of 2023, we delivered generative artificial intelligence (ai): a survey of business school faculty and professionals. Sixty-eight business schools, represented by 72 faculty and professionals who contributed to our investigation of generative ai and the business school curriculum. As part of our 2023 symposium we partnered with the pmba/omba consortium to deliver a market research survey on the state of the part-time and online mba programs, which was the largest in their history. Not only was our research positively received by our membership but received strong media coverage.

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IRS990/OtherExpensesGrp/Desc0RESEARCH & SURVEYS
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IRS990/ProgSrvcAccomActy2Grp/Desc0WORKSHOPS AND FORUMS IN FEBRUARY, THE GRADUATE BUSINESS CURRICULUM ROUNDTABLE LAUNCHED ITS FIRST IN-PERSON, FACULTY WORKSHOP. THE WORKSHOP WAS ENTITLED, INCLUSIVE EXCELLENCE IN GRADUATE BUSINESS CURRICULUM: TAKING IT TO THE NEXT LEVEL WHICH TOOK PLACE FROM FEBRUARY 23-24, 2023, AT THE TCU NEELEY SCHOOL OF BUSINESS. WE WERE PLEASED TO HAVE OVER 40 ATTENDEES FROM AS FAR AWAY AS ENGLAND IN ATTENDANCE. THE GRADUATE BUSINESS CURRICULUM ROUNDTABLE SERVED IN AN ADVISORY CAPACITY AND DELIVERED CONTENT FOR BREAKOUT SESSIONS FOR THE ANNUAL LEADERSHIP CONFERENCE IN PARTNERSHIP WITH THE GRADUATE MANAGEMENT ADMISSION COUNCIL (GMAC) IN JANUARY 2023. THIS IS AN ONGOING PARTNERSHIP. TO EXPAND ITS REACH THE GBCR MAINTAINS PARTNERSHIPS WITH GMAC, EXECUTIVE MBA COUNCIL, FORTE, PART-TIME MBA AFFILIATE GROUP, THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS, LEADERS OF EXPERIENTIAL PROJECT-BASED EDUCATION, MBA CAREER SERVICES COUNCIL AND THE EUROPEAN FOUNDATION FOR MANAGEMENT DEVELOPMENT.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt09975
IRS990/ProgSrvcAccomActy3Grp/Desc0INNOVATOR AWARD 2023 SAW THE RETURN OF OUR BI-ANNUAL INNOVATOR AWARD PROGRAM. AFTER RECEIVING SEVERAL SUBMISSIONS, WE WERE PLEASED TO AWARD TWO WINNERS, ONE FROM THE UNIVERSITY OF VIRGINIA AND ONE FROM THE PENNSYLVANIA STATE UNIVERSITY. FINALISTS INCLUDED SUBMISSIONS FROM SUFFOLK UNIVERSITY, UNIVERSITY OF IOWA AND THE UNIVERSITY OF NORTH GEORGIA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0RESEARCH THREE MAJOR RESEARCH SURVEYS WERE ALSO COMPLETED IN CONJUNCTION WITH OUR EVENTS, TO PROVIDE OUR MEMBERS WITH INCREASED INSIGHT INTO GRADUATE MANAGEMENT CURRICULUM ISSUES. THE FIRST AND LARGEST WAS OUR BI-ANNUAL CURRICULUM BENCHMARKING SURVEY, FOR WHICH 99 BUSINESS SCHOOLS RESPONDED TO THE ONLINE SURVEY BETWEEN FEBRUARY 1 AND MARCH 21, 2023, AND PROVIDED DETAILED CURRICULUM DATA FOR 207 GRADUATE BUSINESS PROGRAMS. IN THE FALL OF 2023, WE DELIVERED GENERATIVE ARTIFICIAL INTELLIGENCE (AI): A SURVEY OF BUSINESS SCHOOL FACULTY AND PROFESSIONALS. SIXTY-EIGHT BUSINESS SCHOOLS, REPRESENTED BY 72 FACULTY AND PROFESSIONALS WHO CONTRIBUTED TO OUR INVESTIGATION OF GENERATIVE AI AND THE BUSINESS SCHOOL CURRICULUM. AS PART OF OUR 2023 SYMPOSIUM WE PARTNERED WITH THE PMBA/OMBA CONSORTIUM TO DELIVER A MARKET RESEARCH SURVEY ON THE STATE OF THE PART-TIME AND ONLINE MBA PROGRAMS, WHICH WAS THE LARGEST IN THEIR HISTORY. NOT ONLY WAS OUR RESEARCH POSITIVELY RECEIVED BY OUR MEMBERSHIP BUT RECEIVED STRONG MEDIA COVERAGE.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0143560
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt080200
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0320
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01066
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WORKSHOPS AND FORUMS IN FEBRUARY, THE GRADUATE BUSINESS CURRICULUM ROUNDTABLE LAUNCHED ITS FIRST IN-PERSON, FACULTY WORKSHOP. THE WORKSHOP WAS ENTITLED, INCLUSIVE EXCELLENCE IN GRADUATE BUSINESS CURRICULUM: TAKING IT TO THE NEXT LEVEL WHICH TOOK PLACE FROM FEBRUARY 23-24, 2023, AT THE TCU NEELEY SCHOOL OF BUSINESS. WE WERE PLEASED TO HAVE OVER 40 ATTENDEES FROM AS FAR AWAY AS ENGLAND IN ATTENDANCE. THE GRADUATE BUSINESS CURRICULUM ROUNDTABLE SERVED IN AN ADVISORY CAPACITY AND DELIVERED CONTENT FOR BREAKOUT SESSIONS FOR THE ANNUAL LEADERSHIP CONFERENCE IN PARTNERSHIP WITH THE GRADUATE MANAGEMENT ADMISSION COUNCIL (GMAC) IN JANUARY 2023. THIS IS AN ONGOING PARTNERSHIP. TO EXPAND ITS REACH THE GBCR MAINTAINS PARTNERSHIPS WITH GMAC, EXECUTIVE MBA COUNCIL, FORTE, PART-TIME MBA AFFILIATE GROUP, THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS, LEADERS OF EXPERIENTIAL PROJECT-BASED EDUCATION, MBA CAREER SERVICES COUNCIL AND THE EUROPEAN FOUNDATION FOR MANAGEMENT DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RESEARCH THREE MAJOR RESEARCH SURVEYS WERE ALSO COMPLETED IN CONJUNCTION WITH OUR EVENTS, TO PROVIDE OUR MEMBERS WITH INCREASED INSIGHT INTO GRADUATE MANAGEMENT CURRICULUM ISSUES. THE FIRST AND LARGEST WAS OUR BI-ANNUAL CURRICULUM BENCHMARKING SURVEY, FOR WHICH 99 BUSINESS SCHOOLS RESPONDED TO THE ONLINE SURVEY BETWEEN FEBRUARY 1 AND MARCH 21, 2023, AND PROVIDED DETAILED CURRICULUM DATA FOR 207 GRADUATE BUSINESS PROGRAMS. IN THE FALL OF 2023, WE DELIVERED GENERATIVE ARTIFICIAL INTELLIGENCE (AI): A SURVEY OF BUSINESS SCHOOL FACULTY AND PROFESSIONALS. SIXTY-EIGHT BUSINESS SCHOOLS, REPRESENTED BY 72 FACULTY AND PROFESSIONALS WHO CONTRIBUTED TO OUR INVESTIGATION OF GENERATIVE AI AND THE BUSINESS SCHOOL CURRICULUM. AS PART OF OUR 2023 SYMPOSIUM WE PARTNERED WITH THE PMBA/OMBA CONSORTIUM TO DELIVER A MARKET RESEARCH SURVEY ON THE STATE OF THE PART-TIME AND ONLINE MBA PROGRAMS, WHICH WAS THE LARGEST IN THEIR HISTORY. NOT ONLY WAS OUR RESEARCH POSITIVELY RECEIVED BY OUR MEMBERSHIP BUT RECEIVED STRONG MEDIA COVERAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES SERVICES TO MEMBER MBA PROGRAMS. THE MEMBERS HAVE NO CONTROL OVER THE BOARD OF DIRECTORS, MANAGEMENT, OR GOVERNANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR, BOARD CHAIR, AND THE BOARD TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS MAY BE REQUESTED BY CONTACTING THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WebsiteAddressTxt0WWW.GBCROUNDTABLE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL MAIER

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.14$0.60$1.55$3.29$3.33$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.63$0.05$1.58$3.54$3.66$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.74$0.04$1.70$2.68$2.55$0.13
2021Detailed filing. Detailed filing data is available for this year.$1.61$0.04$1.57$2.57$2.42$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.46$0.04$1.42$1.57$2.00$0.43
2019Detailed filing. Detailed filing data is available for this year.$1.89$0.04$1.86$2.24$2.18$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$2.53$2.09$0.44
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.24$1.41$2.39$2.13$0.26
2016Detailed filing. Detailed filing data is available for this year.$1.55$0.34$1.21$1.99$1.96$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.04$1.18$2.20$1.90$0.29
2014Detailed filing. Detailed filing data is available for this year.$0.92$0.03$0.89$2.02$1.90$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.84$0.08$0.77$2.04$2.10$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.30$0.83$1.67$1.57$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.15$0.73$1.70$1.37$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.33$0.09$1.44$1.41$0.03