The Advantage Testing Foundation was established: 1) to help underrepresented students pursue their academic and professional ambitions through innovative programs and partnerships, especially with leading universities, and 2) to promote new ways of thinking about access to higher education.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 63 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average surplus $2.7M a year · 81% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $10.3M in investments, Pt X · Ln 11–13
Fine: 0.4 months of spending in cash, plus $10.3M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $217K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$150K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$448K
-39% vs prior year
Spent
$860K
To programs
93%
Net assets
$15.9M
By yearFY2020–FY2024
Revenue
$448K
FY2024▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2020$106K
FY2021$401K
FY2022$14.6M
FY2023$673K
FY2024$739K
FY2024$448K
Expenses
$860K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$639K
FY2021$335K
FY2022$499K
FY2023$789K
FY2024$815K
FY2024$860K
Net assets
$15.9M
FY2024▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$298K
FY2021$363K
FY2022$14.5M
FY2023$14.8M
FY2024$15.8M
FY2024$15.9M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2010.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $800K Management & general 7% · $61K

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

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Who runs it and what they're paid

12 people listed on the 990.

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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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 15aNo

Programs and updates

Helps underrepresented students achieve academic and professional goals through innovative programs and partnerships.

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3 programs · $797K · in their 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

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
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 →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$448K
Ln 12
Gifts and grantsLn 1h$301K
Investment incomeLn 3$147K
Money outPt IX
$860K
Ln 25
Programscol B$800K
Managementcol C$61K
Owns and owesPt X
$15.9M
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$16.1M
LiabilitiesLn 26$150K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$301K
Investment incomeLn 3$147K
Total revenueLn 12$448K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$506
Cash and savings togetherLn 1–2$26K
InvestmentsLn 11–13$10.3M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$16.1M
LiabilitiesLn 26$150K
Net assetsLn 32$15.9M
OperationsPt I, VI
EmployeesI 59
VolunteersI 663
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$256K$26K
InvestmentsLn 11–13$9.9M$10.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$15.9M$16.1M
LiabilitiesLn 26$65K$150K
Net assetsLn 32$15.8M$15.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$193K$193K
Other salaries and wagesLn 7$177K$165K$12K
Other employee benefitsLn 9$1K$1K$87
Payroll taxesLn 10$13K$13K$736
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$54K$54K
Office expensesLn 13$10K$9K$932
Information technologyLn 14$7K$7K$121
TravelLn 17$226K$226K
Conferences, conventions and meetingsLn 19$155K$129K$26K
InsuranceLn 23$664$664
Other expenses (24a–d)Ln 24$9K$4K$5K
Total functional expensesLn 25$860K$800K$61K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $739K$815K−$76K$15.8M 990 PDF
FY2023 $673K$789K−$117K$14.8M 990 PDF
FY2022 $14.6M$499K$14.1M$14.5M 990 PDF
FY2021 $401K$335K$65K$363K 990 PDF
FY2020 $106K$639K−$533K$298K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $448,207 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $471,521$301,354
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $267,719$146,853
I-11 Other revenuePrior year $100$0
I-12 Total revenuePrior year $739,340$448,207
I-13 Grants and similar amounts paidPrior year $138,140$193,222
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $292,320$191,382
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $384,459$475,807
I-18 Total expensesPrior year $814,919$860,411
I-19 Revenue less expensesPrior year −$75,579−$412,204
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $448,207 across 4 lines filed
VIII-1f All other contributions, gifts and grants$301,354
VIII-1h Total contributions, gifts and grants$301,354
VIII-3 Investment incomeExcluded from tax $146,853$146,853
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $146,853$448,207
Part IX · Statement of functional expenses $860,411 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $193,222$193,222
IX-7 Other salaries and wagesPrograms $164,862 · Management $11,877$176,739
IX-9 Other employee benefitsPrograms $1,209 · Management $87$1,296
IX-10 Payroll taxesPrograms $12,611 · Management $736$13,347
IX-11c Accounting feesManagement $14,949$14,949
IX-11g Other fees for servicesPrograms $53,954$53,954
IX-13 Office expensesPrograms $9,013 · Management $932$9,945
IX-14 Information technologyPrograms $6,717 · Management $121$6,838
IX-17 TravelPrograms $225,701$225,701
IX-19 Conferences, conventions and meetingsPrograms $128,670 · Management $26,500$155,170
IX-23 InsuranceManagement $664$664
IX-24 Other expenses (24a–d)Programs $3,788 · Management $4,798$8,586
IX-25 Total functional expensesPrograms $799,747 · Management $60,664 · Fundraising $0$860,411
Part X · Balance sheet $16,059,372 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $245,189$25,460
X-2 Savings and temporary cash investmentsStart of year $10,506$506
X-3 Pledges and grants receivableStart of year $5,675,933$5,738,682
X-9 Prepaid expenses and deferred chargesStart of year $34,292$2,617
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $9,909,446$10,292,107
X-16 Total assetsStart of year $15,875,366$16,059,372
X-17 Accounts payable and accrued expensesStart of year $64,819$150,221
X-26 Total liabilitiesStart of year $64,819$150,221
X-27 Net assets without donor restrictionsStart of year $225,168−$121,638
X-28 Net assets with donor restrictionsStart of year $15,585,379$16,030,789
X-32 Total net assets or fund balancesStart of year $15,810,547$15,909,151
X-33 Total liabilities and net assetsStart of year $15,875,366$16,059,372
Part XI · Reconciliation of net assets $15,909,151 net assets at year end
XI-1 Total revenue$448,207
XI-2 Total expenses$860,411
XI-3 Revenue less expenses−$412,204
XI-4 Net assets at start of year$15,810,547
XI-5 Net unrealized gains (losses) on investments$510,808
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,909,151

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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