2024-12-20T09:17:52-06:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 6116 EXECUTIVE BLVD STE 600 ROCKVILLE MD 20852 990 2023-07-01 912170737 THE COMMON APPLICATION INC COMM 7032362700 3003 WASHINGTON BLVD SUITE 1000 ARLINGTON VA 22201 KATHY KING VP OF FINANCE 7032362700 2024-12-18 1 1 MELANIE MCPEAK P01346034 3015899000 2023 2024-10-15 13:58:12Z JENNIFER RICKARD 3003 WASHINGTON BLVD SUITE 1000 ARLINGTON VA 22201 76590925 0 X WWW.COMMONAPP.ORG X 2000 VA THE COMMON APPLICATION PROMOTES ACCESS, EQUITY, AND INTEGRITY IN THE COLLEGE ADMISSION PROCESS. 17 17 175 80 0 0 3069 889171 53252147 58347823 762279 2049672 41680 37500 54059175 61324166 94286 34697 0 0 23245364 27540860 0 0 273948 19657555 20319993 42997205 47895550 11061970 13428616 65791208 84273954 9259995 12954689 56531213 71319265 X THE COMMON APPLICATION IS A NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION OF NEARLY 1,100 COLLEGES AND UNIVERSITIES ACROSS THE GLOBE COMMITTED TO ACCESS, EQUITY, AND INTEGRITY IN THE COLLEGE ADMISSION PROCESS. EACH YEAR, MORE THAN 1.4 MILLION INDIVIDUAL STUDENTS FROM MORE THAN 20 COUNTRIES AND TERRITORIES, ONE-THIRD OF WHOM WILL BE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE, USE ITS ONLINE PLATFORM TO SUBMIT MORE THAN 9.4 MILLION APPLICATIONS FOR UNDERGRADUATE ADMISSION TO ITS MEMBER INSTITUTIONS. BUILDING ON ITS NEARLY 50 YEAR HISTORY OF REDUCING FRICTION IN THE COLLEGE 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. 0 0 40898464 34697 58385323 SEE SCHEDULE OCOMMON APP'S MISSION TO ADVANCE ACCESS, EQUITY, AND INTEGRITY IN THE COLLEGE ADMISSIONS PROCESS HAS NEVER BEEN MORE IMPORTANT THAN IT IS TODAY. WE HAVE SEVERAL INITIATIVES UNDERWAY TO HELP MORE STUDENTS ACCESS, AFFORD, AND ATTAIN POSTSECONDARY OPPORTUNITIES.WHILE ABOUT 1.5 MILLION STUDENTS USE COMMON APP EACH YEAR TO APPLY FOR POSTSECONDARY OPPORTUNITIES, THERE IS MORE WORK TO DO. INEQUITIES PERSIST IN THE COLLEGE ADMISSIONS PROCESS, AND THE PUBLIC'S CONFIDENCE IN HIGHER EDUCATION CONTINUES TO DECREASE. OUR DATA SHOW THAT LOW-INCOME APPLICANTS ARE STILL SIGNIFICANTLY UNDERREPRESENTED IN COMMON APP'S APPLICANT POOL. WE ARE COMMITTED TO HELPING MORE STUDENTS FROM LOW- AND MIDDLE-INCOME COMMUNITIES ACCESS OPPORTUNITIES. IN FY24, WE LAUNCHED WHAT WE'RE CALLING OUR NEXT CHAPTER: WE'RE WORKING WITH MEMBERS, COUNSELORS, AND OTHER KEY PARTNERS TO REACH OUR MOONSHOT GOAL TO CLOSE OUR EQUITY GAP IN STUDENTS PURSUING POSTSECONDARY OPPORTUNITIES. TO CLOSE THE GAP, COMMON APP NEEDS 650,000 ADDITIONAL APPLICANTS FROM LOW- AND MIDDLE-INCOME COMMUNITIES BY 2030. WE ARE REACHING FOR THE MOON IN THE FOLLOWING WAYS:- PROVIDING THE GATEWAY TO EXPLORE AND APPLY FOR MANY OPPORTUNITIES- SIMPLIFYING ACCESS TO FINANCIAL ASSISTANCE- DELIVERING TAILORED INSIGHTS TO EXPAND OUTREACHTHROUGHOUT FY24, WE CONTINUED SEVERAL INITIATIVES TO WORK TOWARD THAT MOONSHOT GOAL. ACCESSING OPPORTUNITIES: CONTINUING TO GROW AND SERVE OUR MEMBERSHIPCOMMON APP BEGAN AS A GRASSROOTS EFFORT BY A SMALL GROUP OF LIKE-MINDED ADMISSIONS PROFESSIONALS IN 1975. SINCE THEN, COMMON APP HAS GONE BEYOND THE APPLICATION TO EMPOWER MORE STUDENTS TO ACCESS, AFFORD, AND ATTAIN POSTSECONDARY OPPORTUNITIES. THE ORGANIZATION HAS EXPANDED ITS MEMBERSHIP TO NEARLY 1,100 DIVERSE COLLEGES AND UNIVERSITIES. THIS DIVERSITY IN COLLEGES AND UNIVERSITIES MEANS THAT STUDENTS, ESPECIALLY THOSE HISTORICALLY UNDERREPRESENTED FROM LOW- AND MIDDLE-INCOME COMMUNITIES, HAVE EVEN MORE OPPORTUNITIES TO PURSUE THEIR POSTSECONDARY GOALS.IN FY24, A QUARTER OF OUR MEMBERSHIP CONSISTED OF PUBLIC INSTITUTIONS, AND OVER 75% OF OUR MEMBER INSTITUTIONS HAD AN ADMISSIONS RATE OF MORE THAN 50%.PROVIDING THE GATEWAY TO EXPLORE AND APPLY FOR MANY OPPORTUNITIESDIRECT ADMISSIONSAS WE CONTINUE TO WORK TOWARD OUR MOONSHOT GOAL OF INCREASING THE NUMBER OF LOW- AND MIDDLE-INCOME STUDENTS APPLYING TO POSTSECONDARY OPPORTUNITIES, WE MUST FIND WAYS TO CHANGE THE NARRATIVE ABOUT COLLEGE FROM ONE OF SCARCITY TO ONE OF OPPORTUNITY. OUR DIRECT ADMISSIONS PROGRAM AIMS TO FLIP THE SCRIPT ON COLLEGE ADMISSIONS AND OFFER PROACTIVE ADMISSION TO STUDENTS. COMMON APP LAUNCHED ITS FULL-SCALE DIRECT ADMISSIONS PROGRAM WITH 71 MEMBER COLLEGES AND UNIVERSITIES IN FY24. OVER 400,000 FIRST-GENERATION AND LOW AND MIDDLE-INCOME STUDENTS ACROSS 28 STATES RECEIVED PROACTIVE ADMISSIONS OFFERS. COMMON APP DIRECT ADMISSIONS ALSO INCLUDED OUTREACH AND RESOURCES TO FAMILIES AND COUNSELORS WITH STUDENTS RECEIVING DIRECT ADMISSIONS OFFERS. OUR RESULTS SHOW THAT 3 OUT OF 4 STUDENTS WHO ADDED A SCHOOL TO THEIR COLLEGE LIST UPON RECEIVING A DIRECT ADMISSION OFFER APPLIED TO THAT SCHOOL.AT THE STATE LEVEL, COMMON APP ALSO JOINED FORCES WITH THE STATE OF CONNECTICUT THROUGH THE CONNECTICUT STATE COLLEGES AND UNIVERSITIES (CSCU) TO OFFER THOUSANDS OF STUDENTS IN THE STATE DIRECT ADMISSIONS TO BOTH PUBLIC AND PRIVATE INSTITUTIONS THROUGH THEIR CONNECTICUT AUTOMATIC ADMISSIONS PROGRAM (CAAP). STUDENT CONTEXT PILOTWE ALSO CONTINUED OUR STUDENT CONTEXT INVENTORY, WHICH GIVES STUDENTS THE OPTION TO TELL US MORE ABOUT THEIR CIRCUMSTANCES AND RESPONSIBILITIES IN A CHECKLIST-STYLE SECTION OF THE APPLICATION. THIS CHECKLIST ALLOWS STUDENTS TO THINK MORE BROADLY ABOUT THE VALUABLE EXPERIENCE THEY BRING TO THE TABLE, WHILE ALSO PROVIDING COMMON APP MEMBERS THE ABILITY TO EVALUATE A STUDENT'S ACADEMIC RECORD IN A BROADER CONTEXT. THIS SIGNALS TO STUDENTS THAT THEIR LIVED EXPERIENCES MATTER. IN FY24, WE CONTINUED THE SECOND ROUND OF OUR PILOT WITH 23 PARTICIPATING COLLEGES AND UNIVERSITIES. OUR FINDINGS SO FAR INDICATE THAT MOST STUDENTS ARE WILLING TO ENGAGE WITH THE OPTIONAL STUDENT CONTEXT INVENTORY QUESTION AND THE QUESTION RESPONSE OPTIONS ARE STRONGLY RELATED TO COMMON INDICATORS OF SOCIOECONOMIC AND FIRST-GENERATION STATUS.SIMPLIFYING ACCESS TO FINANCIAL ASSISTANCEAFFORDABILITY CONTINUES TO BE ONE OF THE BIGGEST BARRIERS TO A COLLEGE EDUCATION. WE PARTNERED WITH AN AGGREGATOR OF PRIVATE SCHOLARSHIPS TO DEVELOP A PILOT PROGRAM TO HELP STUDENTS SEAMLESSLY APPLY FOR SCHOLARSHIPS DIRECTLY THROUGH COMMON APP. IN THE FY24 ITERATION OF OUR PILOT, COMMON APP REACHED OUT TO OVER 89,000 RACIALLY UNDERREPRESENTED AND FEE WAIVER-ELIGIBLE STUDENTS, AND OVER $4.8 MILLION WAS AWARDED TO UNDERREPRESENTED STUDENTS DUE TO COMMON APP'S OUTREACH. COMMON APP OUTREACH ALSO DROVE AN 18% INCREASE IN BOTH FIRST-GENERATION AND UNDERREPRESENTED MINORITY APPLICANTS TO SCHOLARSHIP PARTNERS' APPLICANT POOLS.BEGINNING IN OCTOBER, WE REACHED OUT TO FIRST-YEAR AND TRANSFER STUDENTS VIA SOCIAL MEDIA TO BUILD AWARENESS OF THE NEW FAFSA PROCESS. FOLLOWING THE OFFICIAL FAFSA LAUNCH IN DECEMBER, WE DELIVERED NEARLY 3.9 MILLION TARGETED EMAILS TO STUDENTS AND COUNSELORS TO ALERT THEM OF OUR PAYING FOR COLLEGE WEBSITE RESOURCES AND SUPPORT. OUR COUNSELOR NEWSLETTER ALERTED COUNSELORS AND ADVISORS TO THE AVAILABILITY OF THESE RESOURCES TO SUPPORT THEIR STUDENTS. WE ALSO SHARED REMINDERS AND RESOURCES THROUGH OUR SOCIAL CHANNELS, FROM NUDGES TO CREATE A FSA ID TO FAFSA CHECKLISTS.EACH YEAR, COMMON APP MEMBER INSTITUTIONS AGREE TO WAIVE THEIR APPLICATION FEES FOR STUDENTS WHO MEET OUR ELIGIBILITY REQUIREMENTS, SUCH AS RECEIVING FREE AND REDUCED LUNCH, OR IF THE STUDENT LIVES IN SUBSIDIZED HOUSING. IN FY24, THE TOTAL FEES FIRST-YEAR APPLICANTS DID NOT HAVE TO PAY WAS NEARLY $155 MILLION.DELIVERING TAILORED INSIGHTS TO EXPAND OUTREACHIN FY24, COMMON APP'S DATA ANALYTICS AND RESEARCH TEAM PUBLISHED SEVEN RESEARCH REPORTS THAT HAVE HELPED GUIDE OUR EQUITY WORK AND IDENTIFY POTENTIAL BARRIERS AND OPPORTUNITIES TO IMPROVE COLLEGE ACCESS. THESE REPORTS HAVE RANGED FROM UNPACKING FIRST-GENERATION APPLICANTS AND THEIR BEHAVIORS, UNDERSTANDING OUR SCHOLARSHIP INTERVENTION, AND UNPACKING HOW APPLICANTS CHANGED THEIR COLLEGE APPLICATION BEHAVIORS FOLLOWING THE SUPREME COURT'S DECISION ON RACE-CONSCIOUS ADMISSIONS.COMMON APP ALSO LAUNCHED A BETA DEVELOPMENT PROCESS FOR NEW ANALYTICS OFFERINGS TO PROVIDE MEMBER COLLEGES AND UNIVERSITIES WITH DATA RESOURCES TO INFORM AND SUPPORT THEIR ENROLLMENT GOALS. A DIVERSE GROUP OF 32 MEMBER INSTITUTIONS PARTICIPATED IN THE BETA, TESTING NEW FEATURES AND PROVIDING FEEDBACK. ACHIEVING MEANINGFUL IMPACTIN FY24, OUR DATA SHOW THAT FIRST-YEAR UNDERREPRESENTED MINORITY APPLICANTS INCREASED BY 11% SINCE FY23, WHILE APPLICANTS FROM ZIP CODES THAT ARE BELOW THE MEDIAN INCOME HAVE INCREASED BY 12% SINCE FY23. 40898464 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 1 175 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA VA X X THE COMMON APPLICATION INC 7032362700 3003 WASHINGTON BLVD SUITE 1000 ARLINGTON VA 22201 VINCENA ALLEN CHAIR 3.00 0.00 X X 0 0 0 CYNTHIA ARCHER DIRECTOR 2.00 0.00 X 0 0 0 YVONNE BERUMEN DIRECTOR 2.00 0.00 X 0 0 0 DALE BITTINGER DIRECTOR 2.00 0.00 X 0 0 0 CAROLYN BLAIR DIRECTOR 2.00 0.00 X 0 0 0 ADELE BRUMFIELD DIRECTOR 2.00 0.00 X 0 0 0 STEVE HAHN DIRECTOR 2.00 0.00 X 0 0 0 DJ MENIFEE DIRECTOR 2.00 0.00 X 0 0 0 ADRIENNE ODDI DIRECTOR 2.00 0.00 X 0 0 0 KAREN RICHARDSON DIRECTOR 2.00 0.00 X 0 0 0 ART RODRIGUEZ DIRECTOR 2.00 0.00 X 0 0 0 STEVE SMITH DIRECTOR 2.00 0.00 X 0 0 0 WHITNEY SOULE DIRECTOR 2.00 0.00 X 0 0 0 TEVERA STITH DIRECTOR 2.00 0.00 X 0 0 0 KAREN STOUT DIRECTOR 2.00 0.00 X 0 0 0 ANNA TAKAHASHI DIRECTOR 2.00 0.00 X 0 0 0 JONATHAN WILLIAMS DIRECTOR 2.00 0.00 X 0 0 0 JENNY RICKARD PRESIDENT AND CEO 40.00 0.00 X X 708306 0 51714 MARC SAITTA TREASURER AND COO 40.00 0.00 X 502037 0 62882 STEPHANIE SAMPLE VP OF COMM. AND BOARD SECRETARY 40.00 0.00 X 273129 0 56614 ILEANA RODRIGUEZ SENIOR VP CONSTITUENT ENGAGEMENT 40.00 0.00 X 401966 0 39645 BETTINA DONOHUE SENIOR VP PRODUCT STRATEGY 40.00 0.00 X 336471 0 32495 BRANDON JACKSON SR. VP & CHIEF INFORMATION OFFICER 40.00 0.00 X 329881 0 29824 KATHLEEN KING VP OF FINANCE 40.00 0.00 X 350171 0 45558 MARK FREEMAN VP DATA ANALYTICS AND RESEARCH 40.00 0.00 X 295220 0 56245 MARY ANN HILL VP MARKETING AND BRANDING 40.00 0.00 X 283664 0 56857 STEPHANIE OWENS VP STUDENT SUCCESS 40.00 0.00 X 279306 0 39684 CHRISTOPHER WRIGHT VP OF MEMBER IMPACT 40.00 0.00 X 267778 0 29762 4027929 0 501280 86 0 1 0 LIAISON INTERNATIONAL 311 ARSENAL ST SUITE 5600 WATERTOWN MA 02472 SOFTWARE DEVELOPMENT SERVICES 971777 AMAZON WEB SERVICES PO BOX 84023 SEATTLE WA 981248423 WEB HOSTING 915535 3PILLAR GLOBAL INC 4100 MONUMENT CORNER DR SUITE 200 FAIRFAX VA 22030 CONTRACTOR SERVICES 860137 AJILON LOCKBOX DEPT CH14031 PALATINE IL 600554031 CONTRACTOR SERVICES 377786 STEPTOE JOHNSON LLP 1330 CONNECTICUT AVENUE WASHINGTON DC 20036 LEGAL SERVICES 325593 11 889171 889171 APPLICATION FEES 900099 53924268 53924268 MEMBERSHIP DUES 900099 2682500 2682500 PARTNERSHIP INCOME 900099 798699 798699 IMPLEMENTATION FEES 900099 391500 391500 DIRECT ADMISSIONS 900099 248556 248556 302300 302300 58347823 1864417 1864417 15450971 1043 15107419 159340 343552 -158297 185255 185255 37500 37500 37500 61324166 58385323 0 2049672 34697 34697 2735955 1931653 804302 18906540 15809335 2936576 160629 1686936 1400899 272142 13895 2732014 2241628 469948 20438 1479415 1213866 254482 11067 531225 435872 91379 3974 103946 103946 64007 64007 3747582 2876522 844834 26226 756117 755259 822 36 200588 164227 34864 1497 1270271 1042262 218506 9503 881642 721824 153237 6581 923649 757857 158882 6910 800673 800673 872360 715775 150059 6526 268952 220676 46264 2012 MERCHANT FEES 6971875 6971875 PRODUCTION 2293191 2293191 DUES & SUBSCRIPTIONS 219989 180502 37841 1646 PROFESSIONAL DEVELOP. 141256 115901 24298 1057 272670 213970 56749 1951 47895550 40898464 6723138 273948 12278294 7956045 31561287 7987988 5650798 5176309 1573543 1826873 693957 555557 682920 138400 11663508 55733565 745535 631146 1635323 4823628 65791208 84273954 4566391 4879326 2800229 2823101 1893375 5252262 9259995 12954689 X 55295915 70491028 1235298 828237 56531213 71319265 65791208 84273954 13428616 1359436 0 X 0 1 X 1 0 X 3011831 2197277 4006745 3069 889171 10108093 33882641 42132358 47952535 53252147 58347823 235567504 36894472 44329635 51959280 53255216 59236994 245675597 2861787 1834816 3730000 885236 9311839 38440 17999 56439 2861787 1873256 3730000 17999 885236 9368278 236307319 176076 225477 330705 1003145 1864417 3599820 176076 225477 330705 1003145 1864417 3599820 7531 25208 26515 41680 37500 138434 37078079 44580320 52316500 54300041 61138911 249413851 0.94750 0.94600 0.01440 0.00830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 693957 555557 138400 138400 SECURITY DEPOSIT 127620 DEFERRED COMPENSATION 428456 ROU ASSET 4267552 4823628 DEFERRED COMPENSATION OBLIGATION 428456 OPERATING LEASE LIABLITY 4823806 5252262 X 63201399 1359436 359500 158297 1877233 61324166 0 61324166 48413347 359500 158297 517797 47895550 0 47895550 PART X, LINE 2: IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ACCOUNTING STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN/LOSS ON DISPOSAL OF FIXED ASSET 158,297. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN/LOSS ON DISPOSAL OF FIXED ASSET 158,297. MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES EDUCATION SERVICES EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES EDUCATION SERVICES EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES EDUCATION SERVICES NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES EDUCATION SERVICES CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES EDUCATION SERVICES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE F, PART I SCHEDULE F IS BEING FILED DUE TO REVENUE FROM MEMBER INSTITUTIONS IN THE JURISDICTIONS NOTED IN PART I. 1 PRESIDENT AND FELLOWS OF HARVARD COLLEGE 1033 MASSACHUSETTS AVENUE 5TH FLOOR CAMBRIDGE MA 02138 042103580 501(C)(3) 34697 0 TO SUPPORT COMMON APP'S STUDENT CONTEXT INVENTORY PILOT YEAR 2. 1 0 PART I, LINE 2: AS PART OF THE GRANT AGREEMENT, PRESIDENT AND FELLOWS OF HARVARD COLLEGE PROVIDES PROGRESS AND FINAL REPORTING TO THE ORGANIZATION THAT INCLUDES BOTH FINANCIAL AND PROGRAM INFORMATION INCLUDING A DESCRIPTION OF PROGRESS MADE TOWARD ACHIEVING THE GOALS OF THE AGREEMENT AND ASSURANCE THAT THE ACTIVITIES UNDER THE AGREEMENT HAVE BEEN CONDUCTED IN CONFORMITY WITH THE AGREED UPON TERMS. X X X X X X 0 0 0 0 0 0 0 1 0 JENNY RICKARD PRESIDENT AND CEO 518306 0 190000 0 0 0 39922 0 11792 0 760020 0 0 0 MARC SAITTA TREASURER AND COO 420037 0 82000 0 0 0 41041 0 21841 0 564919 0 0 0 ILEANA RODRIGUEZ SENIOR VP CONSTITUENT ENGAGEMENT 336686 0 65280 0 0 0 36492 0 3153 0 441611 0 0 0 KATHLEEN KING VP OF FINANCE 313071 0 37100 0 0 0 33663 0 11895 0 395729 0 0 0 BETTINA DONOHUE SENIOR VP PRODUCT STRATEGY 314721 0 21750 0 0 0 30810 0 1685 0 368966 0 0 0 BRANDON JACKSON SR. VP & CHIEF INFORMATION OFFICER 255751 0 74130 0 0 0 29047 0 777 0 359705 0 0 0 MARK FREEMAN VP DATA ANALYTICS AND RESEARCH 266147 0 29073 0 0 0 30065 0 26180 0 351465 0 0 0 MARY ANN HILL VP MARKETING AND BRANDING 251566 0 32098 0 0 0 28805 0 28052 0 340521 0 0 0 STEPHANIE SAMPLE VP OF COMM. AND BOARD SECRETARY 244805 0 28324 0 0 0 25660 0 30954 0 329743 0 0 0 STEPHANIE OWENS VP STUDENT SUCCESS 252217 0 27089 0 0 0 27951 0 11733 0 318990 0 0 0 CHRISTOPHER WRIGHT VP OF MEMBER IMPACT 241514 0 26264 0 0 0 26686 0 3076 0 297540 0 0 0 PART I, LINE 7 CEO ANNUAL BONUS PROGRAM: A POOL OF FUNDS IS ESTABLISHED ANNUALLY TO SUPPORT THE CEO'S ANNUAL BONUS PROGRAM. THE ELIGIBILITY AND AMOUNT OF AN ANNUAL BONUS ALLOWABLE UNDER THE PROGRAM ARE BASED ON A PERCENTAGE SPECIFIED IN THE CEO'S EMPLOYMENT AGREEMENT IN ACCORDANCE WITH THE ACHIEVEMENT OF CERTAIN PERFORMANCE CRITERIA. ANY BONUS AWARDED TO THE CEO IS RECOMMENDED BY THE EXECUTIVE COMMITTEE, THEN ASSESSED AND APPROVED BY THE BOARD OF DIRECTORS. STAFF BONUS PROGRAMS: STAFF ARE ELIGIBLE FOR AN ANNUAL BONUS AND POSSIBLY A SPOT BONUS AS FOLLOWS. 1. ANNUAL BONUS. ANNUALLY, A POOL OF FUNDS IS ESTABLISHED FOR INDIVIDUAL EMPLOYEES TO SUPPORT THE ANNUAL BONUS PROGRAM. BONUS ELIGIBILITY IS ESTABLISHED AS A PERCENTAGE OF BASE SALARY AND IS BASED ON AN EMPLOYEE'S POSITION LEVEL. ACTUAL BONUSES PAID ARE BASED ON ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE. 2. SPOT BONUS. SPOT BONUSES ARE DISCRETIONARY AWARDS THAT CAN BE REQUESTED BY MANAGERS IN CERTAIN CIRCUMSTANCES TO REWARD THE OUTSTANDING PERFORMANCE OF SPECIFIC EMPLOYEES DURING THE COURSE OF THE PERFORMANCE CYCLE. FORM 990, PART VI, SECTION A, LINE 6 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). FORM 990, PART VI, SECTION A, LINE 7A THE ELECTION OF THE BOARD OF DIRECTORS IS PERFORMED BY THE VOTING MEMBERSHIP OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B 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. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO ALL MEMBERS OF THE BOARD AND EMPLOYEES. 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. FORM 990, PART VI, SECTION B, LINE 15 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 HAS ESTABLISHED A COMPENSATION COMMITTEE (RESPONSIBILITIES FULFILLED BY THE BOARD EXECUTIVE COMMITTEE) COMPRISED OF VARIOUS MEMBERS OF ITS BOARD OF DIRECTORS. AT LEAST EVERY OTHER YEAR, 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 LOOKING AT A MIX OF INDUSTRIES AND SIZES 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-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 AN ANNUAL 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 TITLE, YEARS OF EXPERIENCE, EDUCATION, SKILLS AND QUALIFICATIONS, INDUSTRY, AND GEOGRAPHIC LOCATION FOR SIMILARLY SIZED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 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.