NonprofitsCollege Board

Education

College Board

NEW YORK, NY

Total revenue

$1.2B

Total expenses

$963.0M

Net assets

$2.0B

Grants received

$6.6M

13 grants

EIN

131623965

Tax year

2024

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.

Programs

3 programs

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: $203.7M

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: $121.8MGrants: $2.5M

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: $35.3MGrants: $2.4M

Financials

FY 2024

Revenue

Contributions & grants$2.5M
Program service revenue$1.0B
Investment income$169.3M
Other revenue
Total revenue$1.2B

Expenses

Grants paid$5.2M
Salaries & benefits$360.5M
Fundraising
Other expenses$597.2M
Total expenses$963.0M
Total assets$2.4B
Net assets$2.0B

People

50 listed

NameRoleCompensation

DAVID COLEMAN

CEO/TRUSTEE

Board

$2.0M

40 hrs/wk

JEREMY SINGER

PRESIDENT

Board

$1.4M

40 hrs/wk

JAMES MONTOYA

SEC'Y & CHIEF OF MEMBERSHIP, GOVERNANCE, & GLOBAL HIGHER ED -END 11/24

Board

$1.0M

40 hrs/wk

JEFF OLSON

Chief Data Officer and SVP, Technology Strategy

Board

$726K

40 hrs/wk

PETER SCHWARTZ

CHIEF LEGAL AND RISK OFFICER

Board

$653K

40 hrs/wk

DANIELA BERGER POLLACK

CHIEF FINANCIAL OFFICER

Board

$592K

40 hrs/wk

MATT WAGNER

Interim President 7/24-12/24

Board

$373K

40 hrs/wk

MARTHA STRATIS

CHIEF ACCOUNTING OFFICER

Board

$365K

40 hrs/wk

SAE-YOUNG KIM

Vice President of Investments and Treasurer

Board

$346K

40 hrs/wk

KEDRA ISHOP

Trustee-END 8/2024; Sec'y/SVP of Higher Ed, Membership and Access

Board

$174K

40 hrs/wk

JESSICA MARINACCIO

TRUSTEE

Board

2 hrs/wk

KAREN RITTER

TRUSTEE

Board

2 hrs/wk

KELLY WALTER

TRUSTEE - END 10/24

Board

2 hrs/wk

KIMBERLY SCOTT

TRUSTEE

Board

2 hrs/wk

KRISTINA WONG DAVIS

TRUSTEE

Board

2 hrs/wk

KYLE FARMBRY

TRUSTEE

Board

2 hrs/wk

MAGDALENA HINOJOSA

TRUSTEE

Board

2 hrs/wk

MANUEL FRENCH

TRUSTEE- END 10/24

Board

2 hrs/wk

MARK THOMAS

TRUSTEE- END 10/24

Board

2 hrs/wk

MELODY BUSTILLOS

TRUSTEE

Board

2 hrs/wk

MEREDITH NADEAU

TRUSTEE

Board

2 hrs/wk

NATHAN BROSTROM

TRUSTEE

Board

2 hrs/wk

NIKKI DANOS

TRUSTEE- END 10/24

Board

2 hrs/wk

PATRICIA MCCARTHY

TRUSTEE- END 10/24

Board

2 hrs/wk

RAUL HINOJOSA

TRUSTEE

Board

2 hrs/wk

SHAH ARDALAN

TRUSTEE- END 10/24

Board

2 hrs/wk

STUART SCHMILL

TRUSTEE

Board

2 hrs/wk

SUZANNE MCCRAY

TRUSTEE

Board

2 hrs/wk

THOMAS MCDERMOTT

TRUSTEE

Board

2 hrs/wk

TRACEY MICHELLE MORMAN

TRUSTEE

Board

2 hrs/wk

RONNE P TURNER

TRUSTEE

Board

2 hrs/wk

SUSAN ENFIELD

TRUSTEE- END 10/24

Board

2 hrs/wk

THOMAS MOORE

TRUSTEE

Board

2 hrs/wk

ADRIAN EPPS

TRUSTEE

Board

2 hrs/wk

ADRIAN PALAZUELOS

TRUSTEE

Board

2 hrs/wk

AIMEE EUBANKS DAVIS

TRUSTEE

Board

2 hrs/wk

ANTHONY JONES

TRUSTEE

Board

2 hrs/wk

ART RODRIGUEZ

TRUSTEE

Board

2 hrs/wk

CATALINA CIFUENTES

TRUSTEE

Board

2 hrs/wk

CHAD SPENCER

TRUSTEE

Board

2 hrs/wk

CHRISTOPH GUTTENTAG

TRUSTEE

Board

2 hrs/wk

COURTNEY MCANUFF

TRUSTEE

Board

2 hrs/wk

DEREK KINDLE

TRUSTEE

Board

2 hrs/wk

TREVOR PACKER

SVP, AP PROGRAMS

Staff

$658K

40 hrs/wk

JOHN MCGRATH

Chief Communications & Marketing Officer

Staff

$580K

40 hrs/wk

ELISSA KIM

SVP, Global Strategy and Talent

Staff

$574K

40 hrs/wk

STEVE BUMBAUGH

SVP, COLLEGE, CAREER, AND DIGITAL ACCESS

Staff

$511K

40 hrs/wk

GREGORY WALKER

Senior Vice President, State & District Partnerships

Staff

$495K

40 hrs/wk

PRISCILLA RODRIGUEZ

SVP, College Readiness Assessments

Staff

$465K

40 hrs/wk

KANIKA LICHTHARDT

Senior Vice President, Operations

Staff

$437K

40 hrs/wk

Independent contractors

EDUCATIONAL TESTING SERVICES

TESTING SERVICES

$276.9M

NEXTSOURCE INC

IT CONSULTING

$41.8M

ALORICA INC

CALL CENTER SERVICES

$29.4M

AMAZON WEB SERVICES

CLOUD SERVICES

$12.4M

NCS PEARSON

TESTING SERVICES

$10.7M

Grants received

Showing 13 of 13

FromAmountPurposeYear
$57K
PSAT GRANT
2024
$190K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023
$126K
PSAT GRANT
2023
$1.3M
TO PROMOTE COLLEGE ACCESS & SUCCESS FOR HIGH ACHIEVING LOW AND MIDDLE - INCOME STUDENTS
2022
$1.3M
For grant recipient's exempt purposes
2022
$80K
PSAT GRANT
2022
$1.3M
For grant recipient's exempt purposes
2021
$1.3M
For grant recipient's exempt purposes
2021
$200K
For a project to develop free custom resources for teachers and students in Advanced Placement African American Studies
2021
$420K
TO PROMOTE COLLEGE ACCESS & SUCCESS FOR HIGH ACHIEVING LOW AND MIDDLE - INCOME STUDENTS
2020
$200K
Bridging the Digital Divide to Support AP Students COVID-19
2020
$50K
PSAT GRANT
2020

Funded by

$6.6M from 7 funders · 13 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$3.8M · 3 grants · 2021–2022

The Bloomberg Family Foundation Inc

$1.7M · 2 grants · 2020–2022

Melmac Education Foundation

$314K · 4 grants · 2020–2024

National Philanthropic Trust

$250K · 1 grant · 2023

Walton Family Foundation Inc

$200K · 1 grant · 2020

Carnegie Corporation Of New York

$200K · 1 grant · 2021

Jewish Communal Fund

$190K · 1 grant · 2023

Details

EIN131623965
NTEE codeB900
Subsection03
Ruling date1942-06
Formed1900
Employees2117
Volunteers841
COLLEGE BOARD — Mission, Financials & Grants Received | Grantivo