2025-12-18T13:40:24-06:00 2025-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 6116 EXECUTIVE BLVD STE 600 ROCKVILLE MD 20852 990 2024-07-01 912170737 THE COMMON APPLICATION INC COMM 7032362700 3003 WASHINGTON BLVD SUITE 1000 ARLINGTON VA 22201 KATHY KING SVP FINANCE & OPS, TREASURER 7032362700 2025-12-18 1 1 BREE-ANN WEIDNER P01319397 3015899000 2024 2025-03-06 01:10:19Z JENNIFER RICKARD 3003 WASHINGTON BLVD SUITE 1000 ARLINGTON VA 22201 70445507 0 X WWW.COMMONAPP.ORG X 2000 VA THE COMMON APPLICATION PROMOTES ACCESS, EQUITY, AND INTEGRITY IN THE COLLEGE ADMISSION PROCESS. 17 17 196 105 0 0 889171 4757 58347823 62410476 2049672 3431970 37500 0 61324166 65847203 34697 0 0 0 27540860 30909701 0 0 314735 20319993 22150261 47895550 53059962 13428616 12787241 84273954 99213303 12954689 14634432 71319265 84578871 X THE COMMON APPLICATION IS A NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION OF OVER 1,100 COLLEGES AND UNIVERSITIES ACROSS THE GLOBE COMMITTED TO ACCESS, EQUITY, AND INTEGRITY IN THE COLLEGE ADMISSION PROCESS. EVERY YEAR, OVER 1.5 MILLION STUDENTS FROM MORE THAN 200 COUNTRIES AND TERRITORIES ONE-THIRD BEING THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE UTILIZE ITS ONLINE PLATFORM TO SUBMIT OVER 10 MILLION UNDERGRADUATE APPLICATIONS TO MEMBER INSTITUTIONS. BUILDING ON ITS 50-YEAR HISTORY OF REDUCING FRICTION IN THE COLLEGE PROCESS, COMMON APP WORKS TO CLOSE THE GAP IN STUDENTS FROM LOW- AND MIDDLE-INCOME COMMUNITIES USING THE PLATFORM. 0 0 44328462 62410476 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 1.5 MILLION STUDENTS USE COMMON APP EACH YEAR TO APPLY FOR POSTSECONDARY OPPORTUNITIES, THERE IS MORE WORK TO DO. OUR DATA SHOW THAT LOW-INCOME APPLICANTS ARE STILL SIGNIFICANTLY UNDERREPRESENTED IN COMMON APP'S APPLICANT POOL, AND THROUGHOUT FY25, WE CONTINUED TO WORK TOWARD OUR MOONSHOT OF CLOSING THE GAP IN STUDENTS FROM LOW- AND MIDDLE-INCOME COMMUNITIES ACCESSING POSTSECONDARY OPPORTUNITIES.COMMON APP STRIVES TO BE A TRUSTED RESOURCE FOR OUR MEMBER COLLEGES, STUDENTS, FAMILIES, AND THE PEOPLE WHO SUPPORT STUDENTS NAVIGATING THE APPLICATION PROCESS. TOGETHER, WE CAN HELP ALL STUDENTS ACCESS, AFFORD, AND ATTAIN OPPORTUNITY, ESPECIALLY THOSE FROM LOW- AND MIDDLE-INCOME COMMUNITIES. WE HAVE SEVERAL INITIATIVES IN FLIGHT THAT WILL HELP US REACH OUR MOONSHOT, INCLUDING:- REIMAGINING COLLEGE ADMISSIONS TO BE MORE SIMPLE, LOGICAL, AND JOYFUL - CONNECTING STUDENTS TO FINANCIAL AID RESOURCES, INFORMATION, AND OPPORTUNITIES- DELIVERING TAILORED INSIGHTS TO EXPAND OUTREACHTHROUGHOUT FY25, WE CONTINUED SEVERAL INITIATIVES TO WORK TOWARD THAT MOONSHOT GOAL. REIMAGINING COLLEGE ADMISSIONS TO BE MORE SIMPLE, LOGICAL, AND JOYFULDIRECT ADMISSIONSDIRECT ADMISSIONS IS DESIGNED TO BRIDGE THE GAP BETWEEN HIGH SCHOOL AND HIGHER EDUCATION BY PROACTIVELY ADMITTING STUDENTS INTO COLLEGE. COMMON APP'S PROGRAM IDENTIFIES FIRST-GENERATION AND MIDDLE- AND LOW-INCOME STUDENTS WHO MEET THE ADMISSIONS REQUIREMENTS OF PARTICIPATING INSTITUTIONS, AND INFORMS THOSE STUDENTS THAT THEY HAVE BEEN CONDITIONALLY ACCEPTED TO A GIVEN INSTITUTION BASED ON THEIR QUALIFICATIONS. IN ITS SECOND YEAR AS A FULL-SCALE PROGRAM, COMMON APP DIRECT ADMISSIONS PARTNERED WITH 119 MEMBER INSTITUTIONS ACROSS 35 STATES TO SERVE MORE THAN 700,000+ FIRST-GENERATION AND LOW-INCOME STUDENTS. OUR RESULTS SHOW:- 22% OF STUDENTS WHO RECEIVED OFFERS ADDED AT LEAST 1 COLLEGE THEY WEREN'T ALREADY CONSIDERING - 3 IN 4 STUDENTS WHO CHOSE TO ADD A COLLEGE THAT SENT THEM AN OFFER ENDED UP ACTUALLY APPLYING - 32% HIGHER APPLICATION RATES AMONG STUDENTS WHO RECEIVED A DIRECT ADMISSIONS OFFER COMPARED TO THOSE WHO DID NOT - STUDENTS WITH THE GREATEST BARRIERS (FEE WAIVER ELIGIBLE, FIRST-GENERATION) ARE TWICE AS LIKELY TO ENGAGEAT THE STATE LEVEL, COMMON APP PARTNERED AGAIN WITH THE STATE OF CONNECTICUT THROUGH THE CONNECTICUT STATE COLLEGES AND UNIVERSITIES (CSCU) TO OFFER TENS OF THOUSANDS OF STUDENTS IN THE STATE DIRECT ADMISSIONS TO BOTH PUBLIC AND PRIVATE INSTITUTIONS THROUGH THEIR CONNECTICUT AUTOMATIC ADMISSIONS PROGRAM (CAAP). COMMON APP ALSO LAUNCHED A PARTNERSHIP WITH THE STATE OF ILLINOIS THROUGH ITS "ONE CLICK COLLEGE ADMIT" PROGRAM TO OFFER THOUSANDS OF HIGH SCHOOL SENIORS IN THE STATE DIRECT ADMISSIONS.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. OUR FINDINGS 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 LOW-INCOME AND FIRST-GENERATION STATUS.CONNECTING STUDENTS TO FINANCIAL AID RESOURCES, INFORMATION, AND OPPORTUNITIESWE KNOW AFFORDABILITY IS ONE OF THE BIGGEST BARRIERS TO COLLEGE, ESPECIALLY FOR THOSE WHO COME FROM LOW- AND MIDDLE-INCOME FAMILIES. TO HELP MORE STUDENTS FROM LOW- AND MIDDLE-INCOME COMMUNITIES REACH THEIR POSTSECONDARY GOALS, COMMON APP IS CONNECTING COLLEGE APPLICANTS WITH FINANCIAL AID OPPORTUNITIES AND UPFRONT COST INFORMATION. THROUGH PARTNERSHIPS WITH TWO NATIONAL SCHOLARSHIP AGGREGATORS, OUR SCHOLARSHIP PROGRAM CONNECTS STUDENTS WITH SCHOLARSHIP OPPORTUNITIES THEY'RE ELIGIBLE FOR BASED ON THEIR COMMON APP DATA, HELPING SCHOLARSHIP PARTNERS BETTER REACH AND SERVE UNDERREPRESENTED STUDENTS. IN FY25, WE EXPANDED OUR REACH FROM 89K STUDENTS IN FY24 TO 1.5M STUDENTS. PARTICIPATING SCHOLARSHIP PARTNERS AWARDED OVER $5.5M TO FIRST-GENERATION AND LOW-INCOME STUDENTS WHOSE DECISION TO APPLY WAS LIKELY INFLUENCED BY COMMON APP OUTREACH. FURTHER RESULTS SHOW:- STUDENTS MATCHED WITH A MEDIAN OF 14 OPPORTUNITIES IN FY25, UP FROM 2 IN FY24.- FIRST-GENERATION AND BELOW-MEDIAN-INCOME STUDENTS WERE MORE LIKELY TO ACT ON THEIR SCHOLARSHIP MATCHES. 32% OF ALL STUDENTS ACTED ON AT LEAST ONE MATCH, COMPARED TO 37% OF FIRST-GENERATION AND 38% OF BELOW-MEDIAN-INCOME STUDENTS.EACH YEAR, COMMON APP MEMBER INSTITUTIONS 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 FY25, THESE WAIVERS REPRESENTED NEARLY $179 MILLION IN SUPPORT FOR STUDENTS PURSUING HIGHER EDUCATION.DELIVERING TAILORED INSIGHTS TO EXPAND OUTREACHIN FY25, COMMON APP'S DATA ANALYTICS AND RESEARCH TEAM PUBLISHED SEVERAL RESEARCH REPORTS THAT HAVE HELPED IDENTIFY POTENTIAL BARRIERS AND OPPORTUNITIES TO IMPROVE COLLEGE ACCESS. THESE REPORTS HAVE RANGED FROM TRACKING PERSISTENCE IN STEMM DEGREES, UNDERSTANDING HOW STUDENTS WHO DON'T FOLLOW "TRADITIONAL" PATHS APPLY AND ENROLL IN COLLEGE, AND OUR DEADLINE UPDATES, WHICH PROVIDE TIMELY INSIGHTS ON FIRST-YEAR COLLEGE APPLICATION TRENDS.IN FY25, WE LAUNCHED OUR FIRST-EVER CALL FOR RESEARCH PROPOSALS FROM THE BROADER SOCIAL SCIENCE RESEARCH COMMUNITY. THIS NEW PROCESS IS MEANT TO MOBILIZE NEW PERSPECTIVES, SKILL SETS, EXPERTISE, AND RESOURCES. IT AIMS TO ENRICH OUR DATA INSIGHTS, WHICH WE HAVE SHARED OVER THE LAST FOUR YEARS, AND EXPAND WHAT WE CAN LEARN FROM OUR DATA IN SERVICE TO THE HIGHER EDUCATION COMMUNITY.WE ALSO LAUNCHED NEW ANALYTICS FEATURES TO COMMON APP MEMBERS IN FY25. THE ENHANCED REPORTS ARE DESIGNED TO HELP OUR MEMBER COLLEGES AND UNIVERSITIES LEVERAGE STUDENT DATA AND IDENTIFY APPLICANT TRENDS, SUCH AS YEAR-OVER-YEAR STUDENT APPLICANT COMPARISONS.ACHIEVING MEANINGFUL IMPACTIN FY25, OUR DATA SHOW NEARLY 1.5 MILLION DISTINCT FIRST-YEAR APPLICANTS SUBMITTED OVER 10 MILLION APPLICATIONS TO 1,097 MEMBER INSTITUTIONS. STUDENTS FROM BELOW-MEDIAN-INCOME ZIP CODES INCREASED BY 10% OVER THE LAST YEAR, AND FIRST-GENERATION APPLICANTS SURGED BY 14%. 44328462 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 196 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 0 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 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 KIM COOK DIRECTOR 2.00 0.00 X 0 0 0 MIGUEL COSTA DIRECTOR 2.00 0.00 X 0 0 0 JEFF GATES DIRECTOR 2.00 0.00 X 0 0 0 STEVE HAHN DIRECTOR 2.00 0.00 X 0 0 0 ADRIENNE ODDI DIRECTOR 2.00 0.00 X 0 0 0 DES POTIER 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 SARA STRICKLAND 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 CEO 40.00 0.00 X 810169 0 44736 MARC SAITTA TREASURER (TO 04/25) & PRESIDENT 40.00 0.00 X 528002 0 53829 KATHLEEN KING SR VP FINANCE & OPS, TREASURER 04/25 40.00 0.00 X 369543 0 44539 STEPHANIE SAMPLE BOARD SECRETARY AND SENIOR VP COMMUNICATIONS AND M 40.00 0.00 X 348470 0 60306 SWATHI GABBITA SENIOR VP TECHNOLOGY SERVICES 40.00 0.00 X 394317 0 63390 ILEANA RODRIGUEZ SENIOR VP CONSTITUENT ENGAGEMENT 40.00 0.00 X 402907 0 35743 BETTINA DONOHUE SENIOR VP PRODUCT STRATEGY 40.00 0.00 X 398561 0 35024 MARK FREEMAN VP DATA ANALYTICS AND RESEARCH 40.00 0.00 X 312048 0 59850 MARY ANN HILL VP MARKETING AND BRANDING 40.00 0.00 X 304593 0 56803 REBECCA RIEBLING VP PEOPLE OPS 40.00 0.00 X 252944 0 52360 STEPHANIE OWENS VP STUDENT SUCCESS 40.00 0.00 X 258107 0 37542 GEORGINA CRAWLEY VP GENERAL COUNSEL 40.00 0.00 X 257641 0 42910 CHRISTOPHER WRIGHT FORMER VP MEMBER IMPACT THRU 3/15/24 40.00 0.00 X 217883 0 7472 4855185 0 594504 93 1 1 0 AMAZON WEB SERVICES PO BOX 84023 SEATTLE WA 981248423 WEB HOSTING 1061382 LIAISON INTERNATIONAL 20 QUEST STREET SUITE 800 BRIGHTON MA 02135 SOFTWARE DEVELOPMENT SERVICES 1040902 3PILLAR GLOBAL INC 4100 MONUMENT CORNER DR SUITE 200 FAIRFAX VA 22030 CONTRACTOR SERVICES 822177 BOGNET CONSTRUCTION ASSOCIATES INC 8224 OLD COURTHOUSE ROAD VIENNA VA 22182 RENOVATION GENERAL CONTRACTOR 642933 THE BRIDGESPAN GROUP 2 COPLEY PLACE SUITE 3700B BOSTON MA 02116 CONSULTING SERVICES 570743 18 4757 4757 APPLICATION FEES 900099 57639880 57639880 MEMBERSHIP DUES 900099 2770000 2770000 PARTNERSHIP INCOME 900099 768163 768163 DIRECT ADMISSIONS 900099 438111 438111 IMPLEMENTATION FEES 900099 415714 415714 378608 378608 62410476 1385903 1385903 6644045 326 4582839 15465 2061206 -15139 2046067 2046067 65847203 62410476 0 3431970 3543499 2672152 871347 20884287 16857607 3843940 182740 1926896 1553750 356804 16342 2917890 2347671 547256 22963 1637129 1310436 314275 12418 522968 418610 100392 3966 92439 92439 93559 93559 5120293 4098529 982924 38840 337574 336431 1100 43 81229 65020 15593 616 1304829 1044449 250483 9897 631141 504660 121699 4782 1321049 1057432 253597 10020 1007323 1007323 475886 380921 91356 3609 261402 209240 50180 1982 MERCHANT FEES 7117180 7117180 PRODUCTION 2659823 2659823 DUES & SUBSCRIPTIONS 374135 299476 71821 2838 OTHER MANAGEMENT EXPENS 321513 230148 89184 2181 427918 157604 268816 1498 53059962 44328462 8416765 314735 7956045 22401733 7987988 12017380 5176309 4330223 1826873 1969227 2269558 520899 138400 1748659 55733565 51529534 631146 625471 4823628 4591076 84273954 99213303 4879326 6833271 2823101 2451255 5252262 5349906 12954689 14634432 X 70491028 84356178 828237 222693 71319265 84578871 84273954 99213303 12787241 472365 0 X 0 1 X 1 0 X 2197277 4006745 3069 889171 4757 7101019 42132358 47952535 53252147 58347823 62410476 264095339 44329635 51959280 53255216 59236994 62415233 271196358 1834816 3730000 885236 6450052 38440 17999 15153 71592 1873256 3730000 17999 885236 15153 6521644 264674714 225477 330705 1003145 1864417 1385903 4809647 225477 330705 1003145 1864417 1385903 4809647 25208 26515 41680 37500 130903 44580320 52316500 54300041 61138911 63801136 276136908 0.95850 0.94750 0.01740 0.01440 X 1567183 65848 1501335 610526 427092 183434 91849 27959 63890 1748659 DEFERRED COMPENSATION OBLIGATION 612262 OPERATING LEASE LIABLITY 4737644 5349906 X 66334707 472365 15139 487504 65847203 0 65847203 53075101 15139 15139 53059962 0 53059962 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 15,139. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN/LOSS ON DISPOSAL OF FIXED ASSET 15,139. 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. X X X X X X 1 0 0 0 0 0 0 1 0 JENNY RICKARD CEO 586169 0 224000 0 0 0 33000 0 11736 0 854905 0 0 0 MARC SAITTA TREASURER (TO 04/25) & PRESIDENT 441902 0 86100 0 0 0 33829 0 20000 0 581831 0 0 0 SWATHI GABBITA SENIOR VP TECHNOLOGY SERVICES 313067 0 81250 0 0 0 35376 0 28014 0 457707 0 0 0 ILEANA RODRIGUEZ SENIOR VP CONSTITUENT ENGAGEMENT 351499 0 51408 0 0 0 32563 0 3180 0 438650 0 0 0 BETTINA DONOHUE SENIOR VP PRODUCT STRATEGY 333561 0 65000 0 0 0 33469 0 1555 0 433585 0 0 0 KATHLEEN KING SR VP FINANCE & OPS, TREASURER 04/25 325473 0 44070 0 0 0 32691 0 11848 0 414082 0 0 0 STEPHANIE SAMPLE BOARD SECRETARY AND SENIOR VP COMMUN 291470 0 57000 0 0 0 29358 0 30948 0 408776 0 0 0 MARK FREEMAN VP DATA ANALYTICS AND RESEARCH 277193 0 34855 0 0 0 31858 0 27992 0 371898 0 0 0 MARY ANN HILL VP MARKETING AND BRANDING 271468 0 33125 0 0 0 30812 0 25991 0 361396 0 0 0 REBECCA RIEBLING VP PEOPLE OPS 221044 0 31900 0 0 0 24945 0 27415 0 305304 0 0 0 GEORGINA CRAWLEY VP GENERAL COUNSEL 240386 0 17255 0 0 0 23311 0 19599 0 300551 0 0 0 STEPHANIE OWENS VP STUDENT SUCCESS 258107 0 0 0 0 0 25858 0 11684 0 295649 0 0 0 CHRISTOPHER WRIGHT FORMER VP MEMBER IMPACT THRU 3/15/24 52190 0 0 0 165693 0 5223 0 2249 0 225355 0 0 0 PART I, LINE 4A CHRISTOPHER WRIGHT RECEIVED A SEVERANCE PAYMENT IN 2024 IN THE AMOUNT OF $146,241. THE TERMS AND CONDITIONS WERE IN LINE WITH INDUSTRY STANDARDS. PART I, LINE 7 CEO ANNUAL BONUS PROGRAM: A POOL OF FUNDS IS ESTABLISHED ANNUALLY TO SUPPORT THE CEO'S ANNUAL BONUS PROGRAM AND IS BASED ON A PERCENTAGE SPECIFIED IN THE CEO'S EMPLOYMENT AGREEMENT. ANY BONUS AWARDED TO THE CEO IS RECOMMENDED BY THE EXECUTIVE PROGRAM. THE ELIGIBILITY AND AMOUNT OF AN ANNUAL BONUS ALLOWABLE UNDER THE AGREEMENT IN ACCORDANCE WITH THE ACHIEVEMENT OF CERTAIN PERFORMANCE COMMITTEE, THEN ASSESSED AND APPROVED BY THE BOARD OF DIRECTORS. STAFF ANNUAL BONUS PROGRAMS: STAFF ARE ELIGIBLE FOR AN ANNUAL BONUS AND 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 INDIVIDUAL PERFORMANCE AND ACHIEVEMENT OF ORGANIZATIONAL GOALS AND ARE SUBJECT TO AVAILABLE FUNDING. 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 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. 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'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. 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.