College Board

EIN: 131623965 501(c)(3) Education

New York, NY

Total Revenue
$1,019,073,270
Total Expenses
$973,652,927
Total Assets
$2,184,378,917
Net Assets
$1,735,260,515
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
NY
Phone
2127138000
Tax Period
2023-01-01 to 2023-12-31

College Board, founded in 1900, is a large national nonprofit in the Education sector that reported $1.0B in total revenue in fiscal year 2023. Expenses of $973.7M left a modest 4% surplus.

Mission

College Board reaches more than 7 million students a year, helping them navigate the path from high school to college and career. Our not-for-profit membership organization was founded more than 120 years ago. We pioneered programs like the SAT and AP to expand opportunities for students and help them develop the skills they need. Our BigFuture program helps students plan for college, pay for college, and explore careers. Learn more at cb.org.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,578,594
Program Service Revenue $955,886,984
Investment Income $63,136,351
Other Revenue $-4,528,659
TOTAL REVENUE $1,019,073,270

Expense Breakdown

Grants Paid $3,799,726
Salaries & Benefits $336,224,986
Fundraising Expenses $0
Program Expenses $818,504,045
Other Expenses $633,628,215
TOTAL EXPENSES $973,652,927

Year-over-Year Comparison

2023 2022 Change
Revenue $1,019,073,270 $1,040,203,098 0.0%
Expenses $973,652,927 $894,366,567 +0.1%
Net Income $45,420,343 $145,836,531 -0.7%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
30
Independent Members
29
Employees
1946
Volunteers
802

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$7,564,754
Total Directors
37
$2,380,371
Key Employees
3
$1,775,751
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CEO/TRUSTEE 40.0
Officer Director
$2,071,352 $309,019 $2,380,371
N/A TRUSTEE 2.0
Officer Director
$0 $0 $0
N/A TRUSTEE 2.0
Officer Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE/RECLASSIFIED AS NON-OFFICER 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A CHIEF FINANCIAL OFFICER 40.0
Officer
$571,978 $34,493 $606,471
N/A SEC'Y & CHIEF OF MEMBERSHIP, GOVERNANCE, & GLOBAL HIGHER ED 40.0
Officer
$604,702 $54,985 $659,687
N/A Chief Data Officer and SVP, Technology Strategy 40.0
Officer
$691,996 $73,271 $765,267
N/A PRESIDENT 40.0
Officer
$1,359,800 $62,317 $1,422,117
N/A CHIEF ACCOUNTING OFFICER AND TREASURER 40.0
Officer
$358,887 $40,419 $399,306
N/A CHIEF LEGAL AND RISK OFFICER 40.0
Officer
$635,867 $46,984 $682,851
N/A CHIEF OF GLOBAL POLICY, ADVOCACY & COMMUNICATIONS 40.0
Officer
$634,985 $13,699 $648,684
N/A SVP, College Readiness Assessments 40.0
Key Emp
$437,901 $56,488 $494,389
N/A Senior vice president, bigfuture 40.0
Key Emp
$526,159 $60,541 $586,700
N/A SVP, AP PROGRAMS 40.0
Key Emp
$642,655 $52,007 $694,662
N/A SVP, Global Strategy and Talent 40.0
Highest
$559,682 $41,564 $601,246
N/A Senior Vice President, State & District Partnerships 40.0
Highest
$472,643 $11,884 $484,527
N/A VP, AP program development 40.0
Highest
$402,214 $68,904 $471,118
N/A Chief Communications & Marketing Officer 40.0
Highest
$565,172 $72,427 $637,599
N/A SVP, COLLEGE, CAREER, AND DIGITAL ACCESS 40.0
Highest
$546,417 $59,537 $605,954
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,019,073,270 $973,652,927 $2,184,378,917 $45,420,343
2022 $1,040,203,098 $894,366,567 $2,013,045,133 $145,836,531
2021 $983,201,971 $870,784,495 $1,954,390,358 $112,417,476
2020 $779,610,600 $862,417,908 $1,684,448,086 $-82,807,308
2019 $1,107,897,207 $1,049,304,734 $1,567,854,591 $58,592,473
2018 $1,073,678,672 $979,521,189 $1,400,979,213 $94,157,483
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