College Board is a nonprofit.
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With over a $1 billion of top line revenue and a CEO who get paid north of $2 million per year. Certainly there are financial interests at stake.
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| David Coleman (Ceo/Trustee) | $1,826,946 | $0 | $315,631 |
| Jeremy Singer (President) | $1,770,946 | $0 | $57,787 |
| Trevor Packer (Svp, Ap Programs) | $600,236 | $0 | $49,263 |
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$145M in net income in 2022!
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The American Red Cross had revenue of $3.1 billion. The CB salaries are comparable to executives at the United Way.
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Non profit doesn’t mean they don’t aim to make money.
Business is non-profit. It’s employees can be paid very well.
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The American Red Cross uses lobbyists so not sure of your point? That was the point @michaelcollege was making regarding the College Board that you were seemingly refuting by suggesting that non profits aren’t financially driven.
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All nonprofits wish to thrive. That doesnt mean they are motivated primarily by money
Please define the measures of “thriving” for the College Board besides continued relevance and finances?
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Funny you used the word “thrive.” When I used to work for a “non-profit” entity that uses that slogan. Its offsite meetings always consists of the CFO talking about how to make more money.
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I am quite certain than neither Dartmouth, nor any other college considering the test optional question, factored in the college board’s executive compensation as one of the factors in its decision, so I think this is all off-topic.
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Yet oddly you are the one that introduced the College Boards motivations into the conversation.
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I got this on my phone and was thinking… hope I didn’t say they were for-profit!
Awww, how wholesome. Three men accepting mere 6 or 7 figure salaries in order to further the education of America.
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I’m just going to note College Board is a member association, governed by those members:
The members elect the Board of Trustees, usually various education officials:
The College Board therefore serves the interests of these members as decided by this governance structure. I’m sure they have all sorts of budget considerations, but ultimately the services they offered are designed to efficiently serve various common interests among the members.
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i think this is starting to veer off topic….but i don’t know what’s so “non profit” about charging families 100 bucks a test (APs) when they already charge so much to take the SAT and applying to college is expensive enough. if you wanna help FGLI students maybe calm down with the fees.
i have teachers that have worked for college board and they agree with me on this. they are an evil organization that prays on the ambition of young students.
Nonprofit doesn’t mean altruistic or benevolent. It’s just an indication of where the earnings go. In a for-profit organization, profits go to shareholders or (for private companies) the owners’ pockets. There might be bonuses for employees as a share of the profit. In a nonprofit company, employees earn fixed wages and salaries, and profits go back into the company or institution; or charitable organizations might designate earnings to educational, service, or research activities inside or outside the organization.
In other words, “nonprofit” doesn’t automatically mean charitable, nor does it prevent the organization from charging exorbitant fees.
I know I’m simplifying things a bit - but that’s the gist.
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Edit because I misunderstood your post. Regardless, I think she knows what it means, but I get your point.
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delete
I misread your point.
The Red Cross earns billions of dollars in biologics- plasma, whole blood, etc. Donors allow the needle in their arm because it’s a non-profit; most are not aware that hospitals pay for the blood products they obtain.
That doesn’t make the Red Cross less of a non-profit.
There are a lot of evil organizations in the world. Murderous and evil organizations. So maybe “calm down” with the rhetoric. The College Board is likely #1250 on the rankings of “evil organizations”.
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