Common Application Inc
- Assets
- $53.0m
- Revenue
- $52.3m
- Investments
- $0.0
- Employees
- 127
- Location
- Arlington, VA
- Founding
- 08/2002
- Data as of
- 06/2022
- EIN
- 91-2170737
Organization Overview
Common Application Inc is located in Arlington, VA. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Common Application Inc employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Application Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Common Application Inc generated $52.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $38.1m during the year ending 06/2022. While expenses have increased by 9.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMON APPLICATION PROMOTES ACCESS, EQUITY, AND INTEGRITY IN THE COLLEGE ADMISSION PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMON APPLICATION INTRODUCES STUDENTS TO A BROADER RANGE OF INSTITUTIONS, PROVIDES IMMEDIATE ACCESS TO APPLICATION FORMS, AND PROVIDES AN EDUCATIONAL TOOL THAT MAY BE USED IN PREPARING STUDENTS FOR THE COLLEGE SELECTION PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Rickard President And CEO | OfficerTrustee | 40 | $539,601 |
Marc Saitta Treasurer And COO | Officer | 40 | $382,583 |
Brandon Jackson Sr VP & Chief Information Officer | Officer | 40 | $268,745 |
Mark Freeman VP Data Analytics & Research | 40 | $263,705 | |
Kathleen King VP Of Finance | 40 | $247,253 | |
Christopher Wright VP Of Member Impact | Officer | 40 | $231,486 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Admithub Software License & Consulting Services | 6/29/22 | $1,600,625 |
Infinitive Inc Software Development & Consulting | 6/29/22 | $1,335,215 |
College Advising Corps Consulting Services | 6/29/22 | $800,675 |
Amazon Web Services Web Hosting | 6/29/22 | $743,379 |
Ajilon Contractor Services | 6/29/22 | $635,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,006,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,006,745 |
| Total Program Service Revenue | $47,952,535 |
| Investment income | $330,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,316,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,878,583 |
| Compensation of current officers, directors, key employees. | $267,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,787,837 |
| Pension plan accruals and contributions | $1,214,994 |
| Other employee benefits | $1,935,548 |
| Payroll taxes | $976,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $342,650 |
| Fees for services: Accounting | $103,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,291,434 |
| Advertising and promotion | $473,430 |
| Office expenses | $30,658 |
| Information technology | $689,899 |
| Royalties | $0 |
| Occupancy | $1,491,943 |
| Travel | $244,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $376,417 |
| Interest | $32,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,085,459 |
| Insurance | $189,997 |
| All other expenses | $155,329 |
| Total functional expenses | $38,091,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,957,544 |
| Savings and temporary cash investments | $30,937,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,842,953 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,022,000 |
| Net Land, buildings, and equipment | $1,182,335 |
| Investments—publicly traded securities | $2,586,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,153,180 |
| Other assets | $289,082 |
| Total assets | $52,971,416 |
| Accounts payable and accrued expenses | $3,567,841 |
| Grants payable | $0 |
| Deferred revenue | $2,554,260 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $944,025 |
| Other liabilities | $862,024 |
| Total liabilities | $7,928,150 |
| Net assets without donor restrictions | $42,189,729 |
| Net assets with donor restrictions | $2,853,537 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $52,971,416 |
Grants Awarded
Over the last fiscal year, Common Application Inc has awarded $58,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chapel Hill, NC PURPOSE: COLLEGE ADVISING SERVICES FOR UP NEXT GRANT | $38,000 |
Minneapolis, MN PURPOSE: GENERAL SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Common Application Inc has recieved totaling $1,851,787.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $626,787 |
Fidelity Non-Profit Management Foundation Boston, MA PURPOSE: TECHNOLOGY | $500,000 |
Kresge Foundation Troy, MI PURPOSE: TO IMPROVE THE EQUITABLE DISTRIBUTION OF PRIVATE SCHOLARSHIP DOLLARS TO INCREASE COLLEGE ENROLLMENT, PERSISTENCE, AND COMPLETION RATES FOR LOW-INCOME AND STUDENTS OF COLOR. | $346,800 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO SUPPORT COMMON APP. | $175,000 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA PURPOSE: INSTRUMENTING US SCHOLARSHIPS | $150,000 |
Kresge Foundation Troy, MI PURPOSE: TO IMPROVE THE EQUITABLE DISTRIBUTION OF PRIVATE SCHOLARSHIP DOLLARS TO INCREASE COLLEGE ENROLLMENT, PERSISTENCE, AND COMPLETION RATES FOR LOW-INCOME AND STUDENTS OF COLOR. | $53,200 |
Endowment Analysis
| Beg. Balance | $1,032,798 |
| Admin Expense | $784,179 |
| Net Contributions | $16,739,783 |
| Ending Balance | $16,988,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
National Center For Research In Advanced Information & Digital Tec Washington, DC | $0 | $38,475,850 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Education Trust Inc Washington, DC | $60,384,663 | $28,594,144 |
Fwdus Education Fund Inc Washington, DC | $39,522,128 | $52,902,160 |
Chiefs For Change Washington, DC | $30,000,112 | $22,072,365 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |