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Nonprofiteer
← ATLAS FELLOWSHIP

Form 990 for tax year 2024

Filed by ATLAS FELLOWSHIP.

Totals

Total revenue
$640,674
Total expenses
$827,375
Contributions and grants received
$299,939
Grants paid
$10,000
Program service revenue
$0
Investment income
$78,424
Other revenue
$262,311
Total assets, end of year
$2,181,538
Total liabilities, end of year
$1,643,074
Net assets or fund balances, end of year
$538,464
Program services expenses (Part IX)
$698,087
Management and general expenses
$129,288
Fundraising expenses
$0
Program service expenses (Part III)
$698,087

Program services were 84.4% 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.

  • 1f · All other contributions, gifts and grants

    $299,939

  • 3 · Investment income

    total $123,086 · excluded $123,086

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $261,418

  • 6c · Rental income or loss

    real property $261,418

  • 6d · Net rental income or loss

    total $261,418 · excluded $261,418

  • 7a · Gross sales of assets other than inventory

    other assets $99,140

  • 7b · Less cost or other basis and sales expenses

    other assets $143,802

  • 7c · Gain or loss

    other assets -$44,662

  • 7d · Net gain or loss

    total -$44,662 · excluded -$44,662

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Misc. Revenue

    total $798 · excluded $798

  • 11b · Other revenue: Tax Refunds & Credits

    total $95 · excluded $95

  • 11e · Other revenue, total

    $893

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $10,000 · program services $10,000

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $37,453 · program services $29,962 · management and general $7,491

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $3,250 · program services $2,600 · management and general $650

  • 10 · Payroll taxes

    total $2,948 · program services $2,358 · management and general $590

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $26,199 · management and general $26,199

  • 11c · Fees: accounting

    total $22,786 · management and general $22,786

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $501 · management and general $501

  • 13 · Office expenses

    total $14,079 · program services $14,079

  • 14 · Information technology

    total $10,035 · program services $8,530 · management and general $1,505

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $580,245 · program services $580,245

  • 17 · Travel

    total $5,381 · program services $5,220 · management and general $161

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $51,867 · management and general $51,867

  • 23 · Insurance

    total $8,939 · management and general $8,939

  • 24a · Other expenses: contractors

    total $45,093 · program services $45,093

  • 24b · Other expenses: payroll & benefits admin

    total $4,692 · management and general $4,692

  • 24c · Other expenses: bank fees

    total $2,049 · management and general $2,049

  • 24d · Other expenses: taxes

    total $1,126 · management and general $1,126

  • 24e · All other expenses

    total $732 · management and general $732

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,917,146 · end of year $2,173,971

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $854,743 · end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,393 · end of year $573

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

    $6,994

  • 10c · Land, buildings and equipment, net

    beginning of year $188,876 · end of year $6,994

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,690 · end of year $199

  • 18 · Grants payable

    beginning of year $3,149,119 · end of year $1,642,875

  • 27 · Net assets without donor restrictions

    beginning of year $801,349 · end of year $538,464

Mission and programs · 2024

Mission

See Form 990, Part I, Line 1.

Activities or mission (Part I)

The organization's mission is to empower exceptional students to understand and improve the future by developing their analytical reasoning skills. Through fellowship programs, the organization aims to help students mitigate cognitive biases, build accurate beliefs, and apply evidence-based tools to address global challenges like poverty, existential risks, advanced AI risks, and economic reform. The core goal is to equip thoughtful young people with the ambition, community, and resources to discover and implement solutions to broken parts of our civilization.

  • In 2024, the organization continued its commitment to supporting prior scholarship awardees by disbursing funds to recipients who submitted requests for scholarship disbursement. These funds were designated for approved academic or professional development expenses, allowing the organization to maintain ongoing support for its fellows' educational and career growth. Note, these disbursements correspond to scholarship awards that were booked at net present value on prior returns. As such, these disbursements reduced the scholarship payable account and did not constitute a new expense in 2024.

    Expenses $688,087

  • In 2024, the organization awarded a strategic grant to a Swiss-based nonprofit to support the safe advancement of science and technology while reducing global risks to the future progress of civilization.

    Expenses $10,000 · Grants $10,000

As filed on the 2024 return.

Listed in Part VII

  • Leopold Aschenbrenner

    President

    Total calculated
    $0
    Hours/week
    0.5
  • Ashley Lin

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5
  • Sydney Von Arx

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202541299349302719

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