School’s almost beginning, and as a math teacher, I want to show you some exciting numbers!
First, many parents will have to sign their children up for the SAT, at $51 for one test, and perhaps their children will take it two or three times. The SAT is brought to you by non-profits such as the College Board and Educational Testing Service (ETS). Many parents will also sign their children up for one or more AP exams at $89 per exam.
Gaston Caperton, the President of the College Board, has greater compensation than the President of Harvard, or the Red Cross, as reported by Bloomberg News in 2011.
The value of Gaston Caperton’s compensation was $1.3 million including deferred compensation in 2009, according to tax filings, also surpassing that of the president of Harvard University. Richard Ferguson, the now-retired chief executive officer of rival testing company ACT Inc., got compensation valued at $1.1 million. Nineteen executives at the New York- based College Board got more than $300,000.
19 times $300,000 equals $5,700,000.
When Caperton, a former two-term governor of West Virginia, started at the College Board, he had total compensation of about $404,000. Under his tenure, the company has more than doubled revenue — to $660 million in the year ended June 2010. It had a surplus of $66 million.
From the same Bloomberg article, we also learn about the President of Educational Testing Service (ETS).
Educational Testing’s president, Kurt Landgraf, had compensation of $742,000 in 2009, the most recent tax filing available. The Princeton, New Jersey-based company generated $906 million in revenue with a surplus of $7.42 million that year.
As I understand, non-profit organizations such as these enjoy tax breaks that for profit businesses do not. Also, Edweek recently reported that the College Board, which already sells AP Statistics and AP Calculus exams, wants to offer a new mathematics-based AP exam. They do not yet know what topic it will be.
For math, [College Board Vice President] Chakravarty said it’s not at all clear yet what new course might be added.”We don’t know what it would be yet,” said Chakravarty. “We have AP statistics, AP calculus, and AP computer science, so is there another? … Is it college algebra? Applied mathematics?”
They are going to make a new AP test. They don’t know what the subject will be. Perhaps this logic is the result of some exciting numbers:
For the class of 2012, the participation rate for the two AP calculus courses was 282,000, up from 218,000 for the graduating class five years earlier. For AP statistics, the 2012 figure was 129,000, up from 82,000 five years earlier. Meanwhile, AP computer science—which includes significant math content—climbed from 11,700 to 19,100 over the past five years.
$89 times (282,000 + 129,000 + 19,100) equals $38,278,900. That’s just the revenue from math exams. History and Language are more popular than math in terms of AP tests taken.
As my recently deceased Contemporary American History teacher Jim Owen used to end his lectures, I ask you BMGers:
Questions, Comments, Observations?