Total Registration, at the request of schools, administered two surveys this summer and fall to gage AP Stakeholders' (Administrators, Coordinators, Teachers, Students, Parents) thoughts on the College Board's planned, mandated Fall AP Exam Order Deadlines, Late Fees and Cancellation Fees. Across the board, AP Stakeholders agree the changes will not be beneficial to students, parents or schools. Furthermore, a large percentage remarked that the changes only seem to benefit the College Board. When asked "Why is the College Board making this change" more than 41% responded that the reason was for the College Board to make more money (see the survey results here). That begs the question: How much money does the College Board have, make, and spend? Do they need more money in order to implement the new changes. Below are the results of our research. All information was acquired through publicly accessible documents.
In 2017, the most recent audit available, the College Board had $1,111,851,000.00 in Cash and Investments. They hold over 1.1 BILLION dollars that can be used to finance any College Board related activity.
In fact, the past 10 years of IRS filings indicate that the College Board's profit as ranged from 4% to 14%. Which means, that after all expenses (salaries, exam materials, grading, etc.) the College Board keeps between 4 to 14 of every 100 dollars it takes in. How does it use the extra cash? Investments. In 2017 the College Board made $57,724,847.00 in investment income alone. Remember, as you review the information in the table below, the College Board is designated as a 'Not-For-Profit' by the IRS but has made a "profit" for all years listed.
|# of AP
* Change in Accounting Year from Jul-June to Jan-Dec
Notice a trend? The College Board has increased revenue and cash & investments for 10 out 11 years as reported above (2008 is an exception, but if you invest you understand why). But don't just take our word for it, check out the College Board's 990s (an annual information return that most 501(c)(3) organizations claiming federal tax-exempt status must file yearly) on Pro Publica.
It is understandable that the positive changes the College Board is implementing for the 2019-2020 AP Exams, providing study resources and pre-printed materials for example, could be costly. However, it is clear they could dip into the more than $1,100,000,000 in cash and investments to cover the related expenses. So the question remains, why does the 'not-for-profit' College Board feel the need to take more money from AP families? Especially if one considers past actions as any indication of future behavior, the College Board would likely use the additional money they take from families to purchase investments and make even more money for the College Board.
Based upon the findings from the surveys and the examination of the College Board finances, some schools have determined that the College Board simply does not need any more money from their schools or families. Thus, they are resisting the implementations proposed for the 2019-2020 AP exams designed to increase the money collected by the College Board. A petition has been started to demand that the College Board change their plans for the 2019-2020 exams. If you feel the need to voice your plea for change on behalf of your AP stakeholders we recommend you do the following:
This was my first time administering AP and IB exams. TR was user-friendly and the instructions were very clear. The customer support was also immediate. Creating seating charts and pulling rosters for individual exams was a great feature. Collecting registration fees, managing exam changes and balances was super easy. I am looking forward to using more features for the next academic year. I would recommend TR to all coordinators.
Total Registration's service is priceless. The time it saves and the stress it relieves is worth its weight in gold. We use TR for PSAT and AP, and look forward to using it for IB registration in 2015. The ease of the TR site and support team really makes registration, correspondence, reports, accounting, and the entire process seamless.
We Love Total Registration!
Total Registration is a tremendously useful service that helps eliminate the stress of ordering AP exams. The site is easy to navigate, user-friendly, and cost-efficient. It helps to centralize the ordering process in addition to providing useful tools, such as the mandatory seating charts required for AP exams. I strongly recommend Total Registration, particularly for schools with high volume exams.
We have used Total Registration for the past two years at Doherty High School here in the Springs. Our process this year was even more streamlined than last year thanks to TR and their wonderful staff. Those of us who oversee the testing at Doherty have saved COUNTLESS hours of work through the use of your service. As always, I appreciate the quick responses that I receive from either Mike personally or your support staff when we have a question.
I truly hope the College Board becomes more accepting of the Answer Sheet Printing process. It saved me and the students a TON of time. Using the bar code scanner to record AP numbers was awesome. Not holding pre-admin sessions was awesome. Not having to spend a so much time organizing answer sheets for students with multiple exams was awesome. I tell anyone who asks that Total Registration is AWESOME!