College Board
College Board reported $1.17 billion in revenue and $963.0 million in expenses for calendar year 2024. Of every $100 it spent, $84.54 went to program services, $15.46 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.7% of the total. The highest compensation it reported for one person was $2,345,561 (CEO/TRUSTEE). 1,489 people received more than $100,000 in reportable compensation. Revenue rose 6% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $963MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $1.17B- Contributions & grants (non-government)$0.07 $776K
- Government grants$0.14 $1.7M
- Program service revenue$85.43 $1.01B
- Investment income$14.36 $169M
Other revenue was negative: −$4.2M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 85.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $2,345,561 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.24% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 1,489 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 25.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 29 of 31 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseAdvanced Placement Program Founded in 1955, the Advanced Placement program gives students the opportunity to take college-level coursework and exams in high school. Students who succeed on AP exams are more likely to succeed in college and can potentially earn valuable college credit. Even taking just one AP course provided students a boost in first-year grades and on-time bachelor's degree attainment. College Board is committed to expanding access and opportunities for students to challenge themselves with college-level coursework and prepare themselves for college and career. Nearly 1.2…
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 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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO/TRUSTEE Director/trustee, officer, 40.0 hrs/week | $2,019,924 | $0 | $325,637 | $2,345,561 |
| PRESIDENT Officer, 40.0 hrs/week | $1,372,586 | $0 | $64,533 | $1,437,119 |
| SEC'Y & CHIEF OF MEMBERSHIP, GOVERNANCE, & GLOBAL HIGHER ED -END 11/24 Officer, 40.0 hrs/week | $1,008,022 | $0 | $56,791 | $1,064,813 |
| Chief Data Officer and SVP, Technology Strategy Officer, 40.0 hrs/week | $726,464 | $0 | $83,814 | $810,278 |
| SVP, AP PROGRAMS Key employee, 40.0 hrs/week | $657,853 | $0 | $55,704 | $713,557 |
| CHIEF LEGAL AND RISK OFFICER Officer, 40.0 hrs/week | $652,531 | $0 | $49,212 | $701,743 |
| Chief Communications & Marketing Officer Highest compensated employee, 40.0 hrs/week | $580,378 | $0 | $77,197 | $657,575 |
| CHIEF FINANCIAL OFFICER Officer, 40.0 hrs/week | $591,728 | $0 | $35,993 | $627,721 |
1,489 people received more than $100,000 in reportable compensation from College Board (Part VII, line 2). Compensation of current officers, directors and key employees totaled $9.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b31 · 29 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,117
- Volunteers Part I, line 6841
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| EDUCATIONAL TESTING SERVICES Testing services | $276,880,346 |
| NEXTSOURCE INC It consulting | $41,793,802 |
| ALORICA INC Call center services | $29,395,356 |
| AMAZON WEB SERVICES Cloud services | $12,372,282 |
| NCS PEARSON Testing services | $10,682,548 |
Individuals listed as contractors are left out. 207 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to College Board totaling $126K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from College Board's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for College Board, you can publish a response that is linked from this page.
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Of every $100 College Board spent in 2024, $84.54 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Rochester Institute of TechnologyRochester, NY · revenue $1.17B · programs 92.5% · FY2025
- Southern Methodist UniversityDallas, TX · revenue $1.18B · programs 89.0% · FY2025
- University of OttawaCanada, · revenue $1.12B · programs 87.2% · FY2025
- IDEA Public SchoolsWeslaco, TX · revenue $1.19B · programs 90.5% · FY2025
- McMaster UniversityCanada, · revenue $1.12B · programs 98.9% · FY2025
Questions people ask
How much of College Board's spending goes to programs?
In calendar year 2024, College Board reported that 84.5% of its $963.0 million in expenses went to program services, 15.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does College Board pay its top executive?
The largest total compensation College Board reported for one person in calendar year 2024 was $2,345,561, for the role of CEO/TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does College Board get its money?
Of $1.17 billion in revenue in calendar year 2024, 0.2% came from contributions and grants (including 0.1% from government grants) and 85.7% from program service revenue (Form 990, Part VIII).
Is College Board a registered charity?
The IRS lists EIN 13-1623965 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523149349305782 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433139349302223 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323179349306242 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233079349301358 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103029349300100 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003179349303255 · read the filing
All filings for EIN 13-1623965: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.