College Board is a mission-driven not-for-profit organization that connects students to college success and opportunity. Founded in 1900, College Board was created to expand access to higher education. Today, the membership association is made up of over 6,000 of the world's leading educational institutions and is dedicated to promoting excellence and equity in education. Each year, College Board helps more than seven million students prepare for a successful transition to college through programs and services in college readiness and college success-including the SAT, the Advanced Placement Program, and BigFuture. The organization also serves the education community through research and advocacy on behalf of students, educators, and schools. For further information, visit collegeboard.org

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$11.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $86.6M a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11.4M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $1.21B in investments, Pt X · Ln 11–13
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $57K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$294.9M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 31 voting members
Looks good: 30 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$779.6M
Spent
$862.4M
To programs
82%
Net assets
$1.4B
By yearFY2020–FY2024
Revenue
$779.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$779.6M
FY2021$983.2M
FY2022$1.0B
FY2023$1.0B
FY2024$1.2B
Expenses
$862.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$862.4M
FY2021$870.8M
FY2022$894.4M
FY2023$973.7M
FY2024$963.0M
Net assets
$1.4B
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4B
FY2021$1.7B
FY2022$1.6B
FY2023$1.7B
FY2024$2.0B

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1942.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $707.9M Management & general 18% · $154.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

53 people listed on the 990; $11.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Trustee
$2,562,624Pt VII · Sec A
President
$1,008,578Pt VII · Sec A
Chief of Global Policy, Advocacy & Communications
$1,008,128Pt VII · Sec A
Chief Communications & Marketing Officer
$940,762Pt VII · Sec A
SVP, Ap Programs
$576,451Pt VII · Sec A
Chief Risk Officer & General Counsel
$558,235Pt VII · Sec A
Sec'y & Chief of Membership, Governance, & Global Higher Ed
$546,156Pt VII · Sec A
SR. VP, State and District Partners
$498,470Pt VII · Sec A

David Coleman’s $2.0M as CEO/Trustee is at the 90th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Coleman$2,019,924$2,071,352$1,826,946$974,201$2,562,624
Jeremy Singer$1,372,586$1,359,800$1,770,946$808,053$1,008,578
Stefanie Sanford—$634,985$572,684$461,233$1,008,128
James Montoya$1,008,022$604,702$557,642$453,500$546,156
John McGrath$580,378$565,172$522,519$407,744$940,762
Jeff Olson$726,464$691,996$593,056$422,130$493,265
Trevor Packer$657,853$642,655$600,236$473,642$576,451
Peter Schwartz$652,531$635,867$595,046$476,042$558,235

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See College Board executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects students to higher education and career opportunities through college readiness programs, standardized testing like the SAT, Advanced Placement courses, and financial aid planning resources.

Questions for College Board

Tap to ask. College Board sees how many people are interested.

Your first name shows with your question. College Board answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $668.3M · in their own filed words · FY2020
01

Advanced Placement Program Founded in 1955, the Advanced Placement Program gives students the opportunity to take college-level coursework in high school. Students who succeed on AP Exams are more likely to succeed in college and can potentially earn valuable college credit and advanced placement.

$303.9Mprogram expense
02

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 in college. It also connects students with fee waivers, scholarship opportunities, free personalized practice, and college and career planning tools.

$266.0Mprogram expense
03

College & Career Opportunities & Enrollment College Board is increasing opportunities and breaking down barriers to college through connections to colleges and scholarships, and access to credit programs, planning tools, and fee waivers for all who need them.

$98.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$57K
Grants paid · 244 grants · $25.0M · 2020–2024
Unitemized GrantFY2024$2,488,763
Unitemized GrantFY2024$339,838
Unitemized GrantFY2024$111,673
Braven IncorporatedIL · FY2024$102,562
The Trinity Forum INCDC · FY2024$100,000
Education Leaders of Color INCCA · FY2024$100,000
The Ygs GroupFY2024$59,200
Sxsw LLCFY2024$50,000
Jobs for the Future INCMA · FY2024$40,000
See all 244 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$779.6M
Ln 12
Fees for servicesLn 2g$762.0M
Investment incomeLn 3$9.0M
Gifts and grantsLn 1h$8.8M
Money outPt IX
$862.4M
Ln 25
Programscol B$707.9M
Managementcol C$154.5M
Owns and owesPt X
$1.4B
net assets · Ln 32
Cash and savingsLn 1–2$271.6M
Total assetsLn 16$1.7B
LiabilitiesLn 26$294.9M
PeoplePt VI, VII
53
listed · VII A
PaidVII A17
Voting boardVI 1a31
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.8M
Government grantsLn 1e$4.8M
Fees for servicesLn 2g$762.0M
Investment incomeLn 3$9.0M
Gains on assetsLn 7−$2.0M
Total revenueLn 12$779.6M
Assets in detailPt X, end of year
CashLn 1$7.9M
SavingsLn 2$263.7M
Cash and savings togetherLn 1–2$271.6M
InvestmentsLn 11–13$1.21B
Land, buildings, equipmentLn 10c$100.3M
Other assetsLn 15$6.7M
Total assetsLn 16$1.7B
LiabilitiesLn 26$294.9M
Net assetsLn 32$1.4B
OperationsPt I, VI
EmployeesI 51,968
VolunteersI 6583
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$294.8M$271.6M
InvestmentsLn 11–13$1.02B$1.21B
Land, buildings, equipmentLn 10c$100.1M$100.3M
Total assetsLn 16$1.57B$1.68B
LiabilitiesLn 26$276.1M$294.9M
Net assetsLn 32$1.29B$1.39B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Grants to domestic individualsLn 2$4.9M$4.9M
Pay of current officers, directors and key staffLn 5$8.6M$1.1M$7.5M
Other salaries and wagesLn 7$233.6M$166.3M$67.3M
Pension plan contributionsLn 8$26.1M$18.3M$7.8M
Other employee benefitsLn 9$19.5M$13.6M$5.9M
Payroll taxesLn 10$17.3M$12.0M$5.3M
Legal feesLn 11b$1.1M$850K$293K
Accounting feesLn 11c$499K$499K
Lobbying feesLn 11d$1.2M$1.2M
Investment management feesLn 11f$22.7M$22.7M
Other fees for servicesLn 11g$42.4M$42.4M$0$0
Advertising and promotionLn 12$2.2M$2.2M
Office expensesLn 13$6.8M$6.4M$406K
Information technologyLn 14$43.7M$25.6M$18.2M
OccupancyLn 16$28.2M$19.5M$8.7M
TravelLn 17$3.6M$3.0M$654K
Conferences, conventions and meetingsLn 19$2.3M$2.0M$295K
Depreciation, depletion and amortizationLn 22$27.6M$22.5M$5.1M
InsuranceLn 23$1.7M$1.7M
Other expenses (24a–d)Ln 24$366.9M$366.0M$892K
All other expensesLn 24e$308K$119K$189K$0
Total functional expensesLn 25$862.4M$707.9M$154.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2B$963.0M$212.0M$2.0B 990 PDF
FY2023 $1.0B$973.7M$45.4M$1.7B 990 PDF
FY2022 $1.0B$894.4M$145.8M$1.6B 990 PDF
FY2021 $983.2M$870.8M$112.4M$1.7B 990 PDF
FY2020 Viewing $779.6M$862.4M−$82.8M$1.4B 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $779,610,600 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,380,203$8,752,668
I-9 Program service revenuePrior year $1,049,403,797$761,999,332
I-10 Investment incomePrior year $48,637,176$8,962,436
I-11 Other revenuePrior year −$523,969−$103,836
I-12 Total revenuePrior year $1,107,897,207$779,610,600
I-13 Grants and similar amounts paidPrior year $5,345,492$6,236,246
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $309,772,409$305,031,499
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $734,186,833$551,150,163
I-18 Total expensesPrior year $1,049,304,734$862,417,908
I-19 Revenue less expensesPrior year $58,592,473−$82,807,308
Part VI · Governance 30 of 31 board members independent, no flags
VI-1a Voting members of the governing body31
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $779,610,600 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1e Government grants$4,824,461
VIII-1f All other contributions, gifts and grants$3,928,207
VIII-1h Total contributions, gifts and grants$8,752,668
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $761,999,332$761,999,332
VIII-3 Investment incomeUnrelated business −$3,033,251 · Excluded from tax $13,979,529$10,946,278
VIII-6 Net rental income or lossExcluded from tax −$103,836−$103,836
VIII-7 Net gain or loss on sales of assetsUnrelated business $4,708,988 · Excluded from tax −$6,692,830−$1,983,842
VIII-12 Total revenueRelated to mission $761,999,332 · Unrelated business $1,675,737 · Excluded from tax $7,182,863$779,610,600
Part IX · Statement of functional expenses $862,417,908 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $1,318,874$1,318,874
IX-2 Grants to domestic individualsPrograms $4,917,372$4,917,372
IX-5 Pay of current officers, directors and key staffPrograms $1,098,010 · Management $7,494,463$8,592,473
IX-7 Other salaries and wagesPrograms $166,272,246 · Management $67,297,881$233,570,127
IX-8 Pension plan contributionsPrograms $18,300,122 · Management $7,778,751$26,078,873
IX-9 Other employee benefitsPrograms $13,563,959 · Management $5,898,263$19,462,222
IX-10 Payroll taxesPrograms $12,039,692 · Management $5,288,112$17,327,804
IX-11b Legal feesPrograms $849,686 · Management $293,433$1,143,119
IX-11c Accounting feesManagement $498,643$498,643
IX-11d Lobbying feesManagement $1,157,413$1,157,413
IX-11f Investment management feesManagement $22,747,380$22,747,380
IX-11g Other fees for servicesPrograms $42,360,893 · Management $0 · Fundraising $0$42,360,893
IX-12 Advertising and promotionPrograms $2,195,025$2,195,025
IX-13 Office expensesPrograms $6,351,559 · Management $406,401$6,757,960
IX-14 Information technologyPrograms $25,572,480 · Management $18,169,897$43,742,377
IX-16 OccupancyPrograms $19,513,629 · Management $8,676,354$28,189,983
IX-17 TravelPrograms $2,971,913 · Management $653,824$3,625,737
IX-19 Conferences, conventions and meetingsPrograms $1,972,324 · Management $295,143$2,267,467
IX-22 Depreciation, depletion and amortizationPrograms $22,517,928 · Management $5,077,202$27,595,130
IX-23 InsuranceManagement $1,702,729$1,702,729
IX-24 Other expenses (24a–d)Programs $365,965,576 · Management $892,383$366,857,959
IX-24e All other expensesPrograms $118,902 · Management $189,446 · Fundraising $0$308,348
IX-25 Total functional expensesPrograms $707,900,190 · Management $154,517,718 · Fundraising $0$862,417,908
Part X · Balance sheet $1,684,448,086 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $11,295,694$7,919,339
X-2 Savings and temporary cash investmentsStart of year $283,514,330$263,723,011
X-3 Pledges and grants receivableStart of year $1,984,138$1,745,378
X-4 Accounts receivableStart of year $124,776,206$78,024,578
X-9 Prepaid expenses and deferred chargesStart of year $21,639,334$18,101,936
X-10c Land, buildings and equipment, netStart of year $100,103,383$100,304,920
X-11 Publicly traded securitiesStart of year $258,383,274$278,800,034
X-12 Other securitiesStart of year $752,447,619$915,297,129
X-13 Program-related investmentsStart of year $7,788,544$13,809,708
X-15 Other assetsStart of year $5,922,069$6,722,053
X-16 Total assetsStart of year $1,567,854,591$1,684,448,086
X-17 Accounts payable and accrued expensesStart of year $190,930,600$205,930,746
X-19 Deferred revenueStart of year $85,193,231$88,947,953
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $276,123,831$294,878,699
X-27 Net assets without donor restrictionsStart of year $1,289,045,268$1,388,539,116
X-28 Net assets with donor restrictionsStart of year $2,685,492$1,030,271
X-32 Total net assets or fund balancesStart of year $1,291,730,760$1,389,569,387
X-33 Total liabilities and net assetsStart of year $1,567,854,591$1,684,448,086
Part XI · Reconciliation of net assets $1,389,569,387 net assets at year end
XI-1 Total revenue$779,610,600
XI-2 Total expenses$862,417,908
XI-3 Revenue less expenses−$82,807,308
XI-4 Net assets at start of year$1,291,730,760
XI-5 Net unrealized gains (losses) on investments$189,189,301
XI-9 Other changes in net assets−$8,543,366
XI-10 Net assets at end of year$1,389,569,387

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.