The Common Application Inc

“Voting membership is open to colleges and universities that are a) not-for-profit; b) confer undergraduate degrees; and c) accredited by a regional or national accrediting association (or if located outside the u.s., a member of the council of international schools).”

“The election of the board of directors is performed by the voting membership of the organization.”

“The irs form 990 is prepared and reviewed by an independent accounting firm, in conjunction with the organization's finance team. 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 to employees at the time of hire, and annually to all members of the board. These individuals are provided a conflict of interest disclosure form to notify the organization of possible conflicts. The policy is signed by the individual to affirm they understand and agree to abide by the terms of the policy. The policy requires periodic review to ensure compliance.”

“It is the goal of common app to compensate each of its officers and key employees at a level that represents the fair market value of that individual's services, and does not exceed such fair market value, taking into consideration all fringe benefits, as well as total cash compensation. Common app's compensation committee (responsibilities fulfilled by the board executive committee) is comprised of various members of its board of directors. Annually, common app engages an independent, third-party compensation consultant to analyze comparable data relating to the compensation of its ceo and other executives and/or disqualified persons performing work or services for the company. The compensation consultant uses comparative national survey data representing a mix of industries of organizations, both non-profit and for-profit. The compensation consultant also reviews and analyzes the compensation from the 990's of peer organizations for similarly qualified individuals holding comparable positions at similar organizations. Regarding the ceo, the executive committee reviews and analyzes the consultant's report and other independent research and makes its recommendation to the board of directors based on those findings. After detailed discussion and deliberation among the board of directors, the recommendation is voted upon, accepted by the full board, and contemporaneously documented in the minutes of the board meeting. For 2024, compensation for the ceo and other executives was assessed against an independent third-party compensation study conducted in may 2024. Compensation for staff executives(disqualified persons) other than the ceo follows a similar process. Annually, the ceo makes a recommendation to the executive committee regarding the compensation for other staff executives and/or disqualified persons. The executive committee reviews and analyzes the consultant's report and other independent research. After detailed discussion and deliberation among executive committee members, the recommendation is voted upon, accepted by the committee, and contemporaneously documented in the minutes of the meeting. For 2024, compensation for other non-executive staff was assessed against benchmarking performed by common app people operations staff using data from a third-party vendor platform. Benchmark data provides the base salary ranges for each position based on responsibilities and scope of work, years of experience, education, skills and qualifications, industry, and geographic location for similarly sized organizations.”

“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 operating officer.”