Overview
What is The Common Application Inc?
The Common Application Inc, based in Arlington, Virginia, is a not-for-profit membership organization comprising over 1,000 colleges and universities worldwide. Its mission is to promote access, equity, and integrity in the college admissions process. The organization enables more than one million students annually, many of them first-generation applicants, to submit their application forms to its member institutions through its online platform. With a team of over 160 employees, the Common Application has expanded its reach beyond application processing, aiming to help students access, afford, and attain post-secondary opportunities. Through initiatives like direct admissions programs and partnerships with scholarship aggregators, it strives to reduce barriers to college education and increase equity. Additionally, its data analytics and research team publishes annual reports to identify potential barriers and opportunities for improving college access.
Official website here: www.commonapp.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Common Application Inc has achieved a notable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score of 96%, the organization demonstrates strong stewardship of resources and governance practices, reflected in their complete independence of board members and robust financial oversight mechanisms.
Strengths identified include a comprehensive audit and oversight committee, a conflict of interest policy, and a whistleblower policy, all of which enhance the organization's transparency and ethical standards. The high program expense ratio of 86.12% suggests that a significant portion of their funding is directed towards their mission-related programs, further emphasizing their commitment to impact.
While the data highlights several strengths, it is essential for potential supporters to remain aware of any evolving challenges the organization may face in the future. However, based on current metrics, The Common Application Inc stands out as a reliable and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is The Common Application Inc legitimate?
The Common Application Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Common Application Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,602,325
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,744,684
For more financial information, click here
Official website here: www.commonapp.org
What is the mission statement of The Common Application Inc?
The Common Application Inc is a not-for-profit organization consisting of over 1,000 colleges and universities worldwide. Their commitment lies in promoting access, equity, and integrity in the college admission process. Each year, they facilitate the submission of over 8.5 million undergraduate applications from more than one million students, many of whom are the first in their families to attend college. By reducing friction in the college application process through their online platform, The Common Application aims to close the equity gap and educate students about the worth, accessibility, and affordability of higher education.
Official website here: www.commonapp.org
Who is the CEO of The Common Application Inc?
Jennifer Rickard is the Principal Officer of The Common Application Inc. The CEO's salary of The Common Application Inc is $586,082 and their total compensation is $632,419.
Official website here: www.commonapp.org
What is the revenue of The Common Application Inc?
The Common Application Inc's revenue in 2023 was $54,059,175.
Official website here: www.commonapp.org
Who are the executives of The Common Application Inc and what are their salaries?
The average compensation at The Common Application Inc during 2023 was $113,957. There are 161 employees and 48 volunteers at The Common Application Inc.
Here are 30 key members and their salaries (The Common Application Inc's CEO's salary is $586,082 and their total compensation is $632,419):
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- Compensation: $586,082
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- Other: $41,281
Official website here: www.commonapp.org
Where can I find the form 990 for The Common Application Inc?
The Common Application Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.commonapp.org
Learn more at the official website: www.commonapp.org
Mission Statement of The Common Application Inc
The Common Application Inc, a not-for-profit organization comprising over 1,000 colleges and universities worldwide, is dedicated to enhancing access, equity, and integrity in the college admission process. With a membership base spanning various countries and territories, this prestigious body empowers more than one million students annually, one-third of whom are the first in their families to attend college, through its online platform.
By utilizing The Common Application's convenient and accessible digital portal, these aspiring students submit over 8.5 million applications every year, seeking undergraduate admission to the organization's esteemed member institutions. The Common Application's history, which dates back four decades, focuses on streamlining the college application process and bridging the equity gap. In doing so, it educates students, regardless of their circumstances, about the importance, accessibility, and affordability of a college degree.
The Common Application Inc fosters a commitment to access, equity, and integrity among its vast network of educational institutions. Its initiatives provide opportunities for students from diverse backgrounds, ensuring that they receive a fair and transparent college application experience. This unwavering dedication to the cause has become a cornerstone of the organization's mission, working to create a more inclusive and equitable higher education landscape.
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Impact
October, 2024
The Common Application Inc. plays a transformative role in the college admissions landscape, promoting access, equity, and integrity for prospective students. By providing a streamlined platform for applying to over 1,000 diverse colleges and universities, it significantly enhances opportunities for students, particularly those from low- and middle-income communities, to pursue higher education.
Each year, over one million students utilize the Common App to submit applications, helping to demystify the process and reduce barriers to entry. Despite these efforts, the organization acknowledges ongoing inequities, particularly for low-income applicants who remain underrepresented within its applicant pool. To address this, Common App has initiated several programs aimed at connecting historically disadvantaged students with a broader range of institutions, particularly minority-serving institutions (MSIs). This initiative has led to a nearly 7% increase in applications from underrepresented minority groups over the past eight years.
Additionally, Common App's Direct Admissions program proactively offers admission to eligible students, aiming to assuage the anxiety associated with rejection. This program has shown promising outcomes, especially for Black or African American, Latinx, and first-generation students, fostering a sense of belonging and encouraging greater application rates.
Affordability is another significant barrier to college access, and Common App is addressing this through partnerships with scholarship aggregators and initiatives to waive application fees for eligible students. In the last admission cycle alone, over $133 million in application fees were waived, directly alleviating financial pressures for many applicants.
With a commitment to data-driven decisions, Common App conducts extensive research to identify barriers to college access, guiding its strategic initiatives. The impact of these efforts is reflected in a 14% increase in first-year underrepresented minority applicants and a 10% rise in applicants from low-income areas since the previous year.
In summary, The Common Application Inc. has a profound impact on enhancing college accessibility, equity, and affordability, continuously striving to create a more inclusive and supportive environment for all students aspiring to higher education.
This information is meant to be a general summary of The Common Application Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $762,279
- Program Service Revenue: $53,252,147
- Gross Receipts: $57,007,933
Assets and Liabilities:
- Total Assets: $65,791,208
- Total Liabilities: $9,259,995
- Net Assets: $56,531,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APPLICATION FEES
Revenue
$49,246,122
MEMBERSHIP DUES
Revenue
$2,540,000
PARTNERSHIP INCOME
Revenue
$693,057
IMPLEMENTATION FEES
Revenue
$474,000
SPONSORSHIPS AND EVENTS
Revenue
$99,520
Organization Details
Founding Year
2000
Phone
(703) 236-2700Principal Officer
Jennifer Rickard
Main Address
3003 WASHINGTON BLVD SUITE 1000, ARLINGTON, VA, 22201
Website
www.commonapp.orgNTEE Category
Code: B90 - Education
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