The College Board is designated as a 'Not-For-Profit' by the IRS but does generate "excess revenue" (revenue - expenses). That begs the question: How much money does the College Board have, make, and spend? Total Registration has researched the College Board's finances using publically accessible financial records. Through this research we have discovered the College Board generated excess revenue, most companies call this profit, for the past 15 years.
In 2021, the most recent audit available, the College Board had $1,693,847,000 in Cash and Investments. They hold over 1.69 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 24%. Which means, that after all expenses (salaries, exam materials, scoring, etc.) the College Board keeps between 4 to 24 of every 100 dollars it takes in. How does it use the extra cash? Investments. In 2021 the College Board had $242,428,000.00 in investment gains alone.
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1Data from a June 6, 2022, Price Waterhouse Cooper Audit (https://facdissem.census.gov/Main.aspx, Search for Single Audits, Auditee Name - College Board). This infromation will be updated when the 2020 Form 990 is available.
* Change in Accounting Year from Jul-June to Jan-Dec
The College Board has increased cash & investments for 14 out 15 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.
I used to do a mail merge to make the labels for our students. I was skeptical that TR could do the labels as well as I did them. Guess what?! They were awesome! They had the exact information that I included, in the same order! I am very impressed with how well you know the needs of the AP coordinator! I LOVE that the answer sheets were put in order by exam and then by name! I just absolutely LOVE that we didn't have to re-alphabetize everything at the beginning! And the seating charts! LOVE! I am so thankful for you!!!
I would like to say thank you for your amazing system! It has made handling AP exams so much easier!! The customer service has been impressive and the Total Registration system makes the world of a difference! THANK YOU!!
THANK YOU TO THE AMAZING TR TEAM. It was a crazy run to the finish line and November 15th. There is absolutely NO WAY I could have pulled it off without Total Registration. You are always one step ahead of what we (AP Coordinators) need. The final CB to TR reconciliation step is so synchronized that I was able to hit SUBMIT hours before the CB deadline.
THANK YOU THANK YOU THANK YOU.
Thank all of you for all you have done! Everything has been wonderful, again this year (2019-2020).
Congrats on staying ahead of the curve!
Having the answer sheets pre-printed eliminated hours of pre-admin sessions, as well as eliminating incomplete answer sheets. The big and small labels were so helpful - we purchased a bar code scanner and scanned all of our AP numbers into TR.