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Nonprofiteer
← ATLAS FELLOWS

Form 990 for tax year 2022

Filed by ATLAS FELLOWS.

Totals

Total revenue
$452,000
Total expenses
$373,710
Contributions and grants received
$452,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$393,472
Total liabilities, end of year
$16,219
Net assets or fund balances, end of year
$377,253
Program services expenses (Part IX)
$241,980
Management and general expenses
$106,187
Fundraising expenses
$25,543
Program service expenses (Part III)
$241,980

Program services were 64.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $400,000

  • 1f · All other contributions, gifts and grants

    $52,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $127,093 · program services $88,965 · management and general $19,064 · fundraising $19,064

  • 7 · Other salaries and wages

    total $95,296 · program services $89,122 · management and general $5,224 · fundraising $950

  • 10 · Payroll taxes

    total $16,747 · program services $13,084 · management and general $2,230 · fundraising $1,433

  • 11b · Fees: legal

    total $11,442 · management and general $11,442

  • 11c · Fees: accounting

    total $13,929 · management and general $13,929

  • 11g · Fees: other

    total $61,286 · program services $26,590 · management and general $34,696

  • 13 · Office expenses

    total $11,340 · management and general $11,340

  • 17 · Travel

    total $16,228 · program services $13,869 · fundraising $2,359

  • 19 · Conferences, conventions and meetings

    total $1,737 · fundraising $1,737

  • 22 · Depreciation, depletion and amortization

    total $1,876 · management and general $1,876

  • 23 · Insurance

    total $577 · management and general $577

  • 24a · Other expenses: SUPPLIES

    total $7,770 · program services $3,102 · management and general $4,668

  • 24b · Other expenses: PROGRAM EVENTS

    total $7,248 · program services $7,248

  • 24c · Other expenses: BANK CHARGES

    total $792 · management and general $792

  • 24d · Other expenses: RECRUITING

    total $210 · management and general $210

  • 24e · All other expenses

    total $139 · management and general $139

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $298,963 · end of year $351,958

  • 9 · Prepaid expenses and deferred charges

    end of year $3,893

  • 10a · Land, buildings and equipment: cost or other basis

    $39,497

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,876

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $37,621

  • 17 · Accounts payable and accrued expenses

    end of year $16,219

  • 27 · Net assets without donor restrictions

    beginning of year $298,963 · end of year $377,253

Mission and programs · 2022

Mission

WE TRANSFORM FINANCE BY OPENING DOORS FOR BRILLIANT AND UNDER-RESOURCED YOUNG PEOPLE TO ACCESS LIFE-CHANGING CAREERS.

Activities or mission (Part I)

ATLAS TRANSFORMS THE FINANCE SECTOR BY OPENING DOORS FOR BRILLIANT AND UNDER-RESOURCED YOUNG PEOPLE TO ACCESS LIFE CHANGING CAREERS IN FINANCE.

  • FOUNDED IN 2021, ATLAS FELLOWS INC. ("ATLAS FELLOWS OR "ATLAS") AIMS TO TRANSFORM THE FINANCIAL SECTOR BY MAKING LIFE-CHANGING CAREERS IN THE FINANCIAL INDUSTRY ACCESSIBLE TO TALENTED YOUNG ADULTS FROM A VARIETY OF DIVERSE AND UNDER-RESOURCED BACKGROUNDS. IN FACT, 75% FELLOWS ARE FIRST-GENERATION COLLEGE STUDENTS, 88% IDENTIFY AS NON-WHITE, AND 59% ARE WOMEN-IDENTIFYING.WITH THE UNWAVERING COMMITMENT THAT ALL STUDENTS SHOULD BE ABLE TO PURSUE CAREERS IN FINANCE REGARDLESS OF RACE, GENDER, SEXUAL ORIENTATION, OR FAMILY BACKGROUND, ATLAS RECRUITED ITS FIRST COHORT OF FELLOWS IN 2021 ADMITTING 17 RISING COLLEGE FRESHMEN. IN 2022, 25 FELLOWS WERE ADMITTED. BY TARGETING TALENT AT AN EARLY ENTRY POINT, ATLAS HOPES TO REDIRECT CAREER INTEREST TO THE FINANCE SECTOR.ATLAS FELLOWS IS THE ONLY NONPROFIT ORGANIZATION FOCUSED ON IDENTIFYING TALENT AT AN EARLY ENTRY POINT AND DEVELOPING YOUNG PEOPLE FOR A CAREER IN FINANCIAL SERVICES. ATLAS RECRUITS UNDER-RESOURCED HIGH SCHOOL STUDENTS FROM CHICAGO AND NEW YORK CITY AND PROVIDES THEM WITH FOUR YEARS OF ROBUST FINANCIAL, ACADEMIC AND PROFESSIONAL SUPPORT THROUGH ATLAS'S FOUR SHIPS:- SCHOLARSHIP: UP TO $20,000/YEAR IN FINANCIAL AID - INTERNSHIP: FOUR YEARS OF ACCESS TO OPPORTUNITIES FOR SUMMER INTERNSHIPS AT PRESTIGIOUS FINANCIAL INSTITUTIONS- MENTORSHIP: ACCESS TO THE KNOWLEDGE, GUIDANCE, AND NETWORKS OF TALENTED, EXPERIENCED, AND COMMITTED PROFESSIONALS - MEMBERSHIP: INDUCTION INTO A CLOSE-KNIT, SUPPORT COMMUNITY OF CURRENT ATLAS FELLOWS AND FUTURE ALUMNIBY MAKING CAREERS IN THE FINANCIAL INDUSTRY ACCESSIBLE TO TALENTED YOUNG ADULTS FROM A VARIETY OF DIVERSE AND UNDER-RESOURCED BACKGROUNDS, ATLAS IS CHANGING THE FACE OF FINANCE.

    Expenses $241,980

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dmitry Balyasny

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Krystle Black

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Phoebe Anderson

    SECRETARY

    Total calculated
    $127,093
    From this org
    $127,093
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BALYASNY ASSET MANAGEMENT LP

    ASSET MANAGEMENT · DE

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431369349304213

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