The College Board “Nonprofit”: Oh, the Money One Can Make!
The College Board is actually a nonprofit entity (EIN 13-1623965), but don’t let that fool you. The money is a-flowing, and for College Board’s top admin, testing is turning out to be quite the lucrative racket.
David Coleman, College Board
Let’s just consider some info from the College Board’s 2016 tax form.
Total revenue in 2016 was $916M, just shy of one billion dollars, $3.3M of which derived from government grants. The greatest revenue generator was “AP and instruction,” at $446M, followed by “assessments,” at $338M.
As for 2016 lobbying expenses: The College Board spent $2.3M (a drop in the billion-dollar bucket of its total revenue), with the following explanation:
The College Board contacts legislators and their staff to provide data and statistics on K-12 education and college admissions and to encourage them to support appropriations for education.
If your nonprofit breaks a billion in revenue, then $2M spent on lobbying becomes relatively nothing. In addition, “providing data and statistics” is probably far enough removed to be considered as not actively lobbying.
But let’s move on to the few who profit the most from nonprofit College Board.
The highest paid independent contractor by far was another testing entity, Educational Testing Services (ETS), at $359M.
Former Common Core “architect” and College Board president, David Coleman, drew $1.7M in total compensation in 2016, $512K of which is “bonus and incentive CONTINUE READING: The College Board “Nonprofit”: Oh, the Money One Can Make! | deutsch29
