College Board
85% goes to programs $0 to raise $100 Strong reserves Growing revenue
College Board is a 501(c)(3) organization based in New York, New York, registered in 1942, with $1,174,989,530 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
225 Liberty St 28th Fl, New York, NY, 10281 EIN 13-1623965 Since 1942
Revenue (FY2024)
$1.2B
▲ 15.3% vs prior year
Education median: $200K
Expenses (FY2024)
$963.0M
Net assets
$2.0B
Employees
2,117
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For College Board: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating25 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For College Board: 25 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For College Board: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For College Board: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
College board reaches more than 7 million students a year, helping them navigate the path from high school to college and career. our not-for-profit membership organization was founded more than 125 years ago. we pioneered programs like the sat and advanced placement offering students opportunities to challenge themselves academically and show what they know. our bigfuture program helps students plan for college, pay for college, and explore careers. learn more at cb.org.
What they do
Sat suite of assessments college board's sat suite, which includes the sat, psat/nmsqt, psat 10, and psat 8/9, measures what research shows students need to succeed after high school. it also connects students with fee waivers, scholarship opportunities, free, personalized practice, and college and career planning tools. the 2024 sat suite of assessments annual report shows that 1.97 million students in the high school class of 2024 took the sat at least once, up from 1.91 million in the class of 2023. the sat can connect students with colleges and scholarship opportunities to help pay for college. college board survey results continue to showmore than 80% of students want the chance to send their scores to colleges. the majority of test takers took the assessment through sat school day, in-school program that dramatically expands access to sat testing. in the class of 2024, 1.35 million students took the sat through sat school day, which provides schools, districts, and states a way to offer the sat to juniors and seniors in school, on a weekday, at no cost to students. overall, more than 68% of sat takers in the class of 2024 took the sat on a school day, the highest percentage to date, compared to 67% of the class of 2023, 63% of the class of 2022, 62% of the class of 2021, and 49% of the class of 2020. as of march 2024, we have completed the transition to delivering the sat suite of assessments digitally.
College and career opportunities and enrollment by connecting students to colleges and scholarships, and providing access to credit programs, planning tools, and fee waivers for all who need them, college board is increasing opportunities and breaking down barriers to college and helping students identify career opportunities. bigfuture: bigfuture is a free, online resource that helps students take the right first step after high school. it helps students explore careers, plan for college, and pay for college. whether a student is interested in a four-year university, community college, or career training, bigfuture simplifies the steps students can take to start planning their future. driven by insights from real students, educators, and industry leaders, and backed by over 100 years of college board research, bigfuture provides personalized information that meets students' needs. and when students take important actions toward their future, they're rewarded with the chance to win scholarships. bigfuture scholarships launched in december 2018 and are open to all students starting in 10th grade. students who complete steps on bigfuture can win scholarship drawings-two $40,000 scholarships or multiple $500 scholarships per month. more than $20 million in scholarships have been awarded to more than 21,000 students since the program started. student search service: college board's student search service, or search, is a free, optional program that connects students with information about educational and financial aid opportunities from nearly 1,400 eligible colleges and universities, and scholarships and other educational programs. students can opt in to participate in search at any time when they visit the bigfuture website or when they take the sat weekend assessment. by choosing to participate, students give college board permission to share their names and limited information with colleges and scholarship programs looking for students like them. research shows that students contacted by colleges in search are more likely to enroll in and finish college. the college board national recognition programs: college board's national recognition program honors high-performing students for their dedication and hard work, helping them gain visibility with colleges. students across schools nationwide will be eligible to claim an award based on their achievement. awardees are among the highest achieving students in their communities, including those from lesser-known high schools, and as a result, many colleges are eager to recruit
Contact & location
- Address
- 225 Liberty St 28th Fl, New York, NY, 10281
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Educational Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $315.2M (FY2014) to $1.2B (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $431.2MNet assets $2.0B
Operating margin
18.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.4B
Total liabilities
$431.2M
Net assets
$2.0B
Salaries & benefits
$360.5M
37% of expenses
Board members
31
29 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,174,989,530▲15.3% | $962,967,183▼1.1% | $2,012,026,087▲15.9% | $2,443,183,190▲11.8% | 990 |
| 2023 | $1,019,073,270▼2.0% | $973,652,927▲8.9% | $1,735,260,515▲11.6% | $2,184,378,917▲8.5% | 990 |
| 2022 | $1,040,203,098▲5.8% | $894,366,567▲2.7% | $1,555,560,125▼6.7% | $2,013,045,133▲3.0% | 990 |
| 2021 | $983,201,971▲26.1% | $870,784,495▲1.0% | $1,667,567,973▲20.0% | $1,954,390,358▲16.0% | 990 |
| 2020 | $779,610,600▼29.6% | $862,417,908▼17.8% | $1,389,569,387▲7.6% | $1,684,448,086▲7.4% | 990 |
| 2019 | $1,107,897,207▲3.2% | $1,049,304,734▲7.1% | $1,291,730,760▲13.7% | $1,567,854,591▲11.9% | 990 |
| 2018 | $1,073,678,672▲0.6% | $979,521,189▲5.6% | $1,136,001,304▲3.3% | $1,400,979,213▲3.9% | 990 |
| 2017 | $1,067,701,847▲13.3% | $927,784,350▲2.5% | $1,100,107,126▲23.9% | $1,348,886,684▲18.9% | 990 |
| 2016 | $942,621,972▲2.9% | $905,054,378▲7.9% | $888,122,565▲6.5% | $1,134,642,155▲4.4% | 990 |
| 2015 | $915,776,813▲191% | $838,417,778▲135% | $833,784,263▲4.8% | $1,087,190,480▲9.1% | 990 |
| 2014 | $315,160,302 | $356,796,541▼51.8% | $795,588,092▲13.8% | $996,702,001▲16.4% | 990 |
| 2012 | — | $740,561,685▲3.8% | $699,064,141▲14.7% | $855,997,364▲11.6% | 990 |
| 2011 | — | $713,755,580▲10.0% | $609,264,069▲3.2% | $766,895,359▲4.2% | 990 |
| 2010 | — | $648,975,263▲9.2% | $590,485,078▲20.2% | $736,026,475▲17.8% | 990 |
| 2009 | — | $594,174,547 | $491,443,621 | $624,704,090 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: David Coleman — $2,019,924 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Coleman | Ceo/trustee | 40 | $2,019,924 |
| Jeremy Singer | President | 40 | $1,372,586 |
| James Montoya | Sec'y & Chief of Membership, Governance, & Global Higher Ed -end 11/24 | 40 | $1,008,022 |
| Jeff Olson | Chief Data Officer and Svp, Technology Strategy | 40 | $726,464 |
| Trevor Packer | Svp, Ap Programs | 40 | $657,853 |
| Peter Schwartz | Chief Legal and Risk Officer | 40 | $652,531 |
| Daniela Berger Pollack | Chief Financial Officer | 40 | $591,728 |
| John Mcgrath | Chief Communications & Marketing Officer | 40 | $580,378 |
| Elissa Kim | Svp, Global Strategy and Talent | 40 | $574,203 |
| Steve Bumbaugh | Svp, College, Career, and Digital Access | 40 | $510,891 |
| Gregory Walker | Senior Vice President, State & District Partnerships | 40 | $494,776 |
| Priscilla Rodriguez | Svp, College Readiness Assessments | 40 | $464,825 |
| Kanika Lichthardt | Senior Vice President, Operations | 40 | $436,922 |
| Matt Wagner | Interim President 7/24-12/24 | 40 | $373,194 |
| Martha Stratis | Chief Accounting Officer | 40 | $364,672 |
| Sae-young Kim | Vice President of Investments and Treasurer | 40 | $346,186 |
| Kedra Ishop | Trustee-end 8/2024; Sec'y/svp of Higher Ed, Membership and Access | 40 | $174,291 |
| Adrian Epps | Trustee | 2 | — |
| Adrian Palazuelos | Trustee | 2 | — |
| Aimee Eubanks Davis | Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Educational Testing Services | Testing Services | $276,880,346 |
| Nextsource Inc | It Consulting | $41,793,802 |
| Alorica Inc | Call Center Services | $29,395,356 |
| Amazon Web Services | Cloud Services | $12,372,282 |
| Ncs Pearson | Testing Services | $10,682,548 |
Grants received · $21.3M total
9 grants to College Board totaling $21.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Philanthropic Tr | Education | 2023 | $250,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $190,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $1,250,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $1,250,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $1,250,000 |
| Silicon Valley Community Foundation | Education | 2017 | $13,900,000 |
| Educational Testing Service | Support of local community educational programs. | 2016 | $9,496 |
| Educational Testing Service | Support of local community educational programs. | 2015 | $9,496 |
| National Merit Scholarship Corporation | Preliminary sat/national merit scholarship qualifying test | 2014 | $3,239,240 |
Grants made · $2.0M in FY2024
71 grants totaling $2.0M in FY2024 — showing the 15 largest. All grants made by College Board →
| Recipient | Purpose | Amount |
|---|---|---|
| Board of Control For Southern Regional Education | Sponsorship | $250,000 |
| Foundation For Excellence Ineducation Inc | Sponsorship | $125,000 |
| Braven Incorporated | General operating support | $102,562 |
| The Trinity Forum Inc | Sponsorship | $100,000 |
| Education Leaders of Color Inc | Sponsorship | $100,000 |
| National College Attainment Network | Sponsorship | $75,000 |
| California County Superintendents Educational Services Association | Membership | $62,050 |
| American Association of School Administrators Inc | Sponsorship | $59,429 |
| The Ygs Group | Sponsorship | $59,200 |
| James B Hunt Jr Institute For Educational Leadership and Policy | Sponsorship | $50,000 |
| Sxsw LLC | Sponsorship | $50,000 |
| American School Counselor Association | Sponsorship | $50,000 |
| Jobs For the Future Inc | Sponsorship | $40,000 |
| Military Child Education Coalition | Sponsorship | $30,000 |
| Council For Opportunity In Education | Sponsorship | $30,000 |
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Frequently asked questions
- Is College Board a legitimate nonprofit?
- Yes. College Board is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-1623965, based in New York, New York. Donations are tax-deductible.
- What is College Board's EIN?
- College Board's Employer Identification Number (EIN) is 13-1623965.
- How much revenue does College Board report?
- College Board reported $1,174,989,530 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of College Board's spending goes to programs?
- College Board spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does College Board have?
- CharityIndex grades College Board A, based on program efficiency and fundraising cost.
- How much does College Board's highest-paid employee make?
- The highest reported compensation on College Board's latest Form 990 is $2,019,924, paid to David Coleman (Ceo/trustee).
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Explore more
Data for College Board (EIN 13-1623965) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.