The Common Application Inc

“The members elect the members of the governing body.”

“The members elect the governing board annually.”

“The irs form 990 is prepared and reviewed by an independent accounting firm, renner and company, with subsequent review by the chief financial and operating officer, chief executive officer and legal counsel. The form 990 is provided to the audit committee for review with a representative of the independent accounting firm present to address any questions. Subsequent to audit committee review, the form 990 is provided to all members of the board for their review prior to filing.”

“A copy of the conflict of interest policy is distributed annually to all members and employees. A signed copy is collected.”

“The compensation of the president and chief executive officer is determined and approved by the executive committee of the board of directors and the board itself using a compensation study comparing the organization's salary to numerous other not-for-profit organizations. This review is conducted annually for the upcoming fiscal year. Compensation of officers and key employees is established using the same data.”

“The organization's governing documents, conflict of interest policy, and financial statements are maintained in its main office. Inquiries concerning such can be sent to the chief executive officer or the chief financial and operating officer.”

“Contract labor: program service expenses 1,602,702. Management and general expenses 342,168. Fundraising expenses 44,392. Total expenses 1,989,262. Consulting: program service expenses 835,379. Management and general expenses 178,349. Fundraising expenses 23,139. Total expenses 1,036,867. Payroll benefits management: program service expenses 0. Management and general expenses 83,569. Fundraising expenses 0. Total expenses 83,569. Recruiting: program service expenses 0. Management and general expenses 75,337. Fundraising expenses 0. Total expenses 75,337.”

“The process has not changed from the prior year. The audit committee within the board of directors is responsible for oversight of the independent audit and selection of independent auditors.”

“The common application has volunteers who act as board members and committee members for the organization composed of leaders from a broad spectrum of non profit higher education and secondary education institutions. Such volunteers represent diverse perspectives from the education community and thus, play a vital role in the long-term success of the common application.”

“Organization mission: the common application is a not-for-profit membership organization of more than 850 colleges and universities across the globe committed to access, equity, and integrity in the college admission process. Each year, more than one million individual students from 20 countries and territories, one third of whom will be the first in their families to attend college, used its online platform to submit more than 5.5 million applications for undergraduate admission to its member institutions. Building on its forty-year history of reducing friction in the college application process, the common app works to close the equity gap by educating all students, regardless of circumstance, about the value, attainability, and affordability of a college degree.”

“Form 990 has been amended to remove net unrelated business taxable income. Form 990t was amended due to repeal of sec. 512(a)(7) tax on transportation fringe benefits.”