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Atlas Fellows INC

Tax-deductible

Chicago, IL501(c)(3)Since 2021EducationEIN 87-2848964Revenue $3.5M in FY2025

On file with the IRSatlasfellows.org444 W Lake Street 50th Floor, 60606-0010 · Chicago, ILTax-exempt since May 2022Publicly supported charity — 170(b)(1)(A)(vi)

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We transform finance by opening doors for brilliant and under-resourced young people to access life-changing careers.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 80 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $172K a year · 11% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 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
$527K
to officers and key staff · 18% of spending
Top officer’s pay higher than 90% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $2.9M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.5M
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
+85% vs prior year
Spent
$3.0M
To programs
82%
Net assets
$688K
By yearFY2022–FY2025
Revenue
$3.5M
FY2025▲ +85%
Tap a bar for its year
Revenue by fiscal year
FY2022$300K
FY2023$452K
FY2024$1.9M
FY2025$3.5M
Expenses
$3.0M
FY2025▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2022$1K
FY2023$374K
FY2024$2.1M
FY2025$3.0M
Net assets
$688K
FY2025▲ +252%
Tap a bar for its year
Net assets by fiscal year
FY2022$299K
FY2023$377K
FY2024$195K
FY2025$688K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2022.

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% · $2.5M Management & general 7% · $213K Fundraising 11% · $317K

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

8 people listed on the 990; $527K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Phoebe Anderson
Secretary/Executive Director
$241,742Pt VII · Sec A
Emil Kim
Managing Director of Programs
$161,242Pt VII · Sec A
Erica Eisenberg
Associate Director
$123,922Pt VII · Sec A
Dmitry Balyasny
Board President
$0Pt VII · Sec A
Michael Long
Board Director
$0Pt VII · Sec A
Brooke Harlow
Board Director
$0Pt VII · Sec A
Krystle Black
Board Treasurer
$0Pt VII · Sec A
Rebecca Balyasny
Board Director
$0Pt VII · Sec A

Phoebe Anderson’s $242K as Secretary/Executive Director is at the 90th percentile of top reported officer pay among 3395 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023
Phoebe Anderson$241,742$231,814$127,093
Emil Kim$161,242$138,397—
Erica Eisenberg$123,922——

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 Atlas Fellows 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects talented, underserved youth with finance career opportunities.

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Provided by the organization

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1 program · $2.5M · in their own filed words · FY2024
01

Founded in 2021, atlas fellows inc. ("atlas fellows or "atlas") creates an uniquely prepared and untapped talent pipeline by recruiting high school seniors in chicago and new york city and preparing them for careers in finance through four years of scholarships and internship opportunities and interviews.

$2.5Mprogram 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
Balyasny Foundation INCFY2024$2.5M
Invest for Kids INCFY2024$200K
Fidelity Investments Charitable Gift FundFY2024$64K
Donor Advised Charitable Giving INCFY2024$50K
National Philanthropic TrustFY2024$40K
Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$15K
Baird Foundation INCFY2024$3K
Total grants receivedfrom 7 funders$2.9M
See all 7 funders →
Grants paid · 2 grants · $2.6M · 2023–2024
Unitemized GrantFY2024$1,570,694
Unitemized GrantFY2023$1,063,401

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$4.0M
Investment incomeLn 3$6K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.5M
Managementcol C$213K
Fundraisingcol D$317K
Owns and owesPt X
$688K
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$3.2M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Fundraising eventsLn 1c$1.5M
Investment incomeLn 3$6K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$3.1M
SavingsLn 2$0
Cash and savings togetherLn 1–2$3.1M
Land, buildings, equipmentLn 10c$69K
Total assetsLn 16$3.2M
LiabilitiesLn 26$2.5M
Net assetsLn 32$688K
OperationsPt I, VI
EmployeesI 55
VolunteersI 680
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$111K$3.1M
Land, buildings, equipmentLn 10c$54K$69K
Total assetsLn 16$200K$3.2M
LiabilitiesLn 26$5K$2.5M
Net assetsLn 32$195K$688K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.6M$1.6M
Pay of current officers, directors and key staffLn 5$290K$145K$43K$101K
Other salaries and wagesLn 7$522K$449K$44K$29K
Pension plan contributionsLn 8$19K$16K$2K$950
Other employee benefitsLn 9$34K$28K$4K$2K
Payroll taxesLn 10$64K$47K$9K$8K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$40K$40K
Other fees for servicesLn 11g$268K$59K$33K$176K
Office expensesLn 13$3K$3K
Information technologyLn 14$12K$12K
OccupancyLn 16$15K$14K$452
TravelLn 17$96K$96K$83
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$45K$44K$1K
All other expensesLn 24e$157$157
Total functional expensesLn 25$3.0M$2.5M$213K$317K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.5M$3.0M$493K$688K 990 PDF
FY2024 $1.9M$2.1M−$182K$195K 990 PDF
FY2023 $452K$374K$78K$377K 990 PDF
FY2022 $300K$1K$299K$299K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $3,492,049 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,886,005$4,005,564
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,032$5,639
I-11 Other revenuePrior year $187−$519,154
I-12 Total revenuePrior year $1,889,224$3,492,049
I-13 Grants and similar amounts paidPrior year $1,063,401$1,570,694
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $664,050$928,584
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $343,758$500,001
I-18 Total expensesPrior year $2,071,209$2,999,279
I-19 Revenue less expensesPrior year −$181,985$492,770
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
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 $3,492,049 across 7 lines filed
VIII-1c Fundraising events$1,538,565
VIII-1f All other contributions, gifts and grants$2,466,999
VIII-1h Total contributions, gifts and grants$4,005,564
VIII-3 Investment incomeExcluded from tax $5,639$5,639
VIII-8 Net income from fundraising eventsExcluded from tax −$521,005−$521,005
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,851$1,851
VIII-12 Total revenueRelated to mission $1,851 · Unrelated business $0 · Excluded from tax −$515,366$3,492,049
Part IX · Statement of functional expenses $2,999,279 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $1,570,694$1,570,694
IX-5 Pay of current officers, directors and key staffPrograms $144,880 · Management $43,464 · Fundraising $101,417$289,761
IX-7 Other salaries and wagesPrograms $449,247 · Management $44,044 · Fundraising $28,750$522,041
IX-8 Pension plan contributionsPrograms $16,179 · Management $1,761 · Fundraising $950$18,890
IX-9 Other employee benefitsPrograms $28,341 · Management $4,091 · Fundraising $1,955$34,387
IX-10 Payroll taxesPrograms $46,634 · Management $8,863 · Fundraising $8,008$63,505
IX-11b Legal feesManagement $3,904$3,904
IX-11c Accounting feesManagement $39,553$39,553
IX-11g Other fees for servicesPrograms $59,014 · Management $32,560 · Fundraising $176,018$267,592
IX-13 Office expensesManagement $2,873$2,873
IX-14 Information technologyManagement $12,166$12,166
IX-16 OccupancyPrograms $14,437 · Management $452$14,889
IX-17 TravelPrograms $96,181 · Management $83$96,264
IX-22 Depreciation, depletion and amortizationManagement $14,106$14,106
IX-23 InsuranceManagement $3,108$3,108
IX-24 Other expenses (24a–d)Programs $43,986 · Management $1,403$45,389
IX-24e All other expensesManagement $157$157
IX-25 Total functional expensesPrograms $2,469,593 · Management $212,588 · Fundraising $317,098$2,999,279
Part X · Balance sheet $3,190,081 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $107,968$3,105,858
X-2 Savings and temporary cash investmentsStart of year $3,032$0
X-3 Pledges and grants receivableStart of year $35,000$12,500
X-9 Prepaid expenses and deferred chargesStart of year $141$2,815
X-10c Land, buildings and equipment, netStart of year $53,728$68,908
X-16 Total assetsStart of year $199,869$3,190,081
X-17 Accounts payable and accrued expensesStart of year $4,601$2,043
X-19 Deferred revenue$2,500,000
X-26 Total liabilitiesStart of year $4,601$2,502,043
X-27 Net assets without donor restrictionsStart of year $195,268$688,038
X-32 Total net assets or fund balancesStart of year $195,268$688,038
X-33 Total liabilities and net assetsStart of year $199,869$3,190,081
Part XI · Reconciliation of net assets $688,038 net assets at year end
XI-1 Total revenue$3,492,049
XI-2 Total expenses$2,999,279
XI-3 Revenue less expenses$492,770
XI-4 Net assets at start of year$195,268
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$688,038

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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