Advantage Testing Foundation INC EIN 20-8379593 Form 990 (PDF) Claim this org

Advantage Testing Foundation INC

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Helps underrepresented students achieve academic and professional goals through innovative programs and partnerships. For fiscal year 2024 it reported $448K in revenue, $860K in expenses, and $15.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
New York, NY
Website
www.atfoundation.org
Filings
5 on file (2020–2024)
Revenue
$448KFY2024
Expenses
$860K
Net assets
$15.9M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-8379593 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps underrepresented students achieve academic and professional goals through innovative programs and partnerships.
Leadership
Arun Alagappan · President
Money in and out
$448K revenue, $860K expenses
Bottom line
93% program efficiency
Where the money goes · FY2024
Total revenue
$448K
Pt VIII · Ln 12
Total expenses
$860K
Pt IX · Ln 25
Net assets
$15.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$412K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
143.9mo
months of highly liquid reserves at operating expense rate▼ -4% vs prior filing year
Surplus margin
-92%
revenue over expenses, this year▼ -800% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$448K
FY2024▼ -39%
Expenses
$860K
FY2024▲ +6%
Total assets
$16.1M
FY2024▲ +1%
Total liabilities
$150K
FY2024▲ +132%
Total revenue
$448K
Pt VIII · Ln 12
Total expenses
$860K
Pt IX · Ln 25
Net assets
$15.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$412K
Total assetsPt X · Ln 16$16.1M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdvantage Testing Foundation INC
EINHdr · item D20-8379593
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.atfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFSep 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See Advantage Testing Foundation INC executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $797K of program spending, described in the organization's own filed words · FY2024.
01

Math prize for girlsthe math prize for girls, the largest math prize for girls in the world, is an annual nationwide math competition created to 1) promote gender equity in mathematics by recognizing talented girls who excel in math, and 2) underscore the importance of mathematics to our nation's future.

$402Kprogram expense
02

Trialstrials (the training and recruitment initiative for admission to leading law schools) is a fully subsidized summer study program for aspiring law students who have overcome adversity and whose socioeconomic backgrounds are currently underrepresented in the nation's leading law schools.

$358Kprogram expense
03

Ledathe advantage testing foundation supports leda (leadership enterprise for a diverse america), a partnership with princeton university that consists of a rigorous summer college preparatory program and ongoing counseling.

$37Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$301K · 67%
Investment income$147K · 33%
Contributions & grants67%$301K
Investment income33%$147K
Total revenueLn 12$448K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$800K
Management & general7%$61K
Total functional expensesLn 25$860K

Balance Sheet

Part X · end of year
CashLn 1$26K
Total assetsLn 16$16.1M
Total liabilitiesLn 26$150K
Total net assetsLn 32$15.9M
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.3M · Operating expenses/yr $860K
143.9 months
Where the money goes
Program services
Program services $800K · Total expenses $860K
93%
Management & General
Management & general $61K · Total expenses $860K
7%
Fundraising
Fundraising $0 · Total expenses $860K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $449K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $301K · Total revenue $448K
67%
Government reliance
Government grants — · Total revenue $448K
Earned-income share
Program service revenue $0 · Total revenue $448K
0%
Investment reliance
Investment income $147K · Total revenue $448K
+33%
Program self-sufficiency
Program service revenue $0 · Total expenses $860K
0%
Growth & trend
Revenue growth (YoY)
This year $448K · Prior year $739K
-39%
Revenue CAGR
FY2019 $106K · FY2024 $448K
+33%
Net-asset trend (YoY)
End of year $15.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $448K · Expenses $860K
-92%
Liabilities-to-Assets
Total liabilities — · Total assets $16.1M
Net-asset ratio
Net assets $15.9M · Total assets $16.1M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $10.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $16.1M
64%
People & payroll
Highest Reported Total Compensation
Individual Arun Alagappan · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $860K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $191K · Total expenses $860K
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth -39%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 20 grants · $984K · 2019–2024
Unitemized GrantFY2024$100,000
Unitemized GrantFY2024$89,400
Unitemized GrantFY2023$74,000
Unitemized GrantFY2023$51,640
Prep for PrepNY · FY2023$10,000
Unitemized GrantFY2022$111,250
Unitemized GrantFY2022$103,400
Prep for PrepNY · FY2022$10,000
Unitemized GrantFY2021$87,100
Prep for PrepNY · FY2021$25,000
Unitemized GrantFY2021$682
Prep for PrepNY · FY2020$25,000
Unitemized GrantFY2020$463
Unitemized GrantFY2019$80,000
Unitemized GrantFY2019$52,714
See all 20 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$739K revenue · ⤓ 990 PDF
FY2023$673K revenue · ⤓ 990 PDF
FY2022$14.6M revenue · ⤓ 990 PDF
FY2021$401K revenue · ⤓ 990 PDF
FY2020$106K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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