COLLEGE BOARD

Financials

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

Address and contacts

Address (IRS master file)

225 LIBERTY ST 28TH FL, NEW YORK, NY 10281-1049

In care of

% MARTHA STRATIS

Principal officer (990 for 2024)

David Coleman, 250 Vesey Street, New York, NY 10281

Signed the 990

Martha Stratis, Chief Accounting Officer

Phone

(212) 713-8000

Website

www.collegeboard.org

Return prepared by

PWC US TAX LLP

Mission

Our mission is to serve over 6,000 members and connect more than 7 million students to college success and career opportunity. Through our programs and initiatives, we expand opportunities for students and challenge them to own their future by practicing hard and taking advantage of every opportunity they earn.

Program accomplishments

• Advanced Placement Program Founded in 1955, the Advanced Placement program gives students the opportunity to take college-level coursework and exams in high school. Students who succeed on AP exams are more likely to succeed in college and can potentially earn valuable college credit. Even taking just one AP course provided students a boost in first-year grades and on-time bachelor's degree attainment. College Board is committed to expanding access and opportunities for students to challenge themselves with college-level coursework and prepare themselves for college and career. Nearly 1.2 million students in the class of 2024 took more than 4.3 million AP Exams in U.S. public high schools nationwide, as educators across the country encourage a wider range of capable students to experience the benefits of AP. Among 2024 U.S. public high school graduates, 35.7% took at least one AP Exam during high school, and 22.6% of the graduating class scored a 3 or higher (out of 5) on at least one AP exam. Over the past 10 years, the percentage of all U.S. public high school graduates earning a score of 3 or higher on at least one AP exam has grown by 2.9 percentage points.During that same period more than 1 in 5 U.S. public school graduates scored 3 or higher on at least one AP Exam. The AP Program provides students, teachers, and administrators with free resources, support, and feedback throughout the year. All students have access to free AP Daily videos and AP Daily: Live Review sessions. AP Daily videos are short on-demand segments led by expert AP teachers that cover all course content and skills. Teachers can assign them for out-of-class work and use valuable class time for more focused engagement with students. These resources help schools target instruction and provide practice opportunities. CLEP: The College-Level Examination Program (CLEP), the most widely trusted college-based credit-by-examination program for more than 50 years, is accepted by 2,900 colleges and universities and administered in over 2,000 test centers. CLEP increases opportunities for students by enabling them to earn college credit by demonstrating knowledge they have gained in other settings, such as independent study, workforce training, or other experiences. CLEP exams can save money and time for students of all ages and backgrounds, including students in dual enrollment or continuing education programs, homeschooled, international, and/or transfer students. Members of the military can also take advantage of the financial savings CLEP offers; through a College Board partnership with the Defense Activity for Non-Traditional Education Support (DANTES), military personnel can take CLEP exams for free. Students may take any of 34 examinations in 5 subject areas, covering material usually taught in a 2-year degree program or the first 2 years of a 4-year program. Research shows students who earn course credit for achieving a required minimum CLEP exam score perform as well as or better than their classmates without CLEP exam credit in sequent or subsequent courses.
  Expenses $453,297,724 · grants $339,838 · revenue $576,355,329
• 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.
  Expenses $203,656,850 · revenue $295,653,377
• 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 them. Colleges use the National Recognition Program to support their recruitment strategies. The program helps colleges recruit talented students across communities based on their achievement. Students can receive up to six award designations, including a new School Recognition Award for high school students who are in the top of their school community, so we can celebrate academic achievements in every corner of the country. Students are eligible for recognition in 10th and 11th grade based on their exceptional academic performance on the PSAT/NMSQT (10th, 11th), PSAT 10 (10th) and/or AP Exams (by the end of 10th grade). Expanded Scholarship Opportunities: Participating in Student Search Service helps match students with scholarship providers. In addition to its partnership with the National Merit Scholarship Corporation, College Board connects students to 22 scholarship partners that offer almost $300 million in annual rewards to qualified students based on merit and financial need. By using information from the PSAT/NMSQT and PSAT 10, our scholarship partners are able to access a wider group of eligible students from high schools across the country and make sure they're aware of the opportunities they've earned. Fee Waivers: In 2024, College Board provided over $106 million in fee waivers and fee reductions. CSS Profile: CSS Profile is a common application that helps colleges deliver nonfederal institutional aid dollars to students who need it most. CSS Profile provides additional information beyond the Free Application for Federal Student Aid (FAFSA) so families can provide a more complete picture of their financial circumstances. This additional data also allows institutions to distribute aid more equitably and strategically. Hundreds of colleges, universities, graduate and professional schools, and scholarship organizations rely on CSS Profile to help make collegea reality for students. Collectively, institutions and organizations that use CSS Profile award more than $10 billion annually in institutional grants and scholarships to students based on financial need.
  Expenses $121,760,082 · grants $2,488,763 · revenue $116,649,460
• Other Services Research and Advocacy - College Board's Research and Advocacy efforts are related primarily to the areas of college preparation and access, college affordability and financial aid, college admissions and completion, and the importance of teachers and school counselors. Membership - College Board works to strengthen relationships among members to achieve our shared goals through programs, services, and large-scale conferences, and seeks to foster community, expand knowledge, and enhance the education profession. Puerto Rico and Latin America - College Board Puerto Rico and Latin America develops programs and services specially designed for the Commonwealth of Puerto Rico and countries where the primary language is Spanish. These programs are aimed at systematizing the university evaluation and admissions processes, strengthening academic and personal orientation, and promoting educational excellence.
  Expenses $35,337,274 · grants $2,381,520 · revenue $18,809,603

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

13-1623965

Tax-exempt status

501(c)(3): Charitable, religious, educational or scientific organization

Foundation status

Publicly supported organization (509(a)(2))

Donations deductible (Pub 78)

Public charity, 50% deduction limit

Exempt since

1942

Accounting year ends

December

Files

Form 990 or 990-EZ

Category (NTEE)

Education (B900)

Assets (IRS master file)

$2,443,183,190

Income (IRS master file)

$1,456,776,568

Filing history

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1623965).

Questions about COLLEGE BOARD

What is the EIN of COLLEGE BOARD?

The employer identification number (EIN) of COLLEGE BOARD is 13-1623965.

Is COLLEGE BOARD tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1942.

Are donations to COLLEGE BOARD tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does COLLEGE BOARD file?

Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.

When is the next return of COLLEGE BOARD due?

The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.

When did COLLEGE BOARD last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended December 2024.

Who is the principal officer of COLLEGE BOARD?

The 990 for the year ended December 31, 2024 names David Coleman.

Who are the officers and directors of COLLEGE BOARD?

The 990 for the year ended December 31, 2024 lists 54 people; 17 received compensation from the organization, the highest $2,019,924 (DAVID COLEMAN, CEO/TRUSTEE).

How much revenue does COLLEGE BOARD have?

On its 990 for the year ended December 31, 2024 it reported revenue of $1,174,989,530, expenses of $962,967,183 and total assets of $2,443,183,190 at year end.

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