Totals
- Total revenue
- $1,889,224
- Total expenses
- $2,071,209
- Contributions and grants received
- $1,886,005
- Grants paid
- $1,063,401
- Program service revenue
- $0
- Investment income
- $3,032
- Other revenue
- $187
- Total assets, end of year
- $199,869
- Total liabilities, end of year
- $4,601
- Net assets or fund balances, end of year
- $195,268
- Program services expenses (Part IX)
- $1,748,088
- Management and general expenses
- $272,608
- Fundraising expenses
- $50,513
- Program service expenses (Part III)
- $1,748,088
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.
-
1d · Related organizations
$1,800,000
-
1f · All other contributions, gifts and grants
$86,005
-
3 · Investment income
total $3,032 · excluded $3,032
-
11a · Other revenue: MISCELLANEOUS
total $187 · related or exempt $187
-
11e · Other revenue, total
$187
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,063,401 · program services $1,063,401
-
5 · Compensation of officers, directors and key employees
total $278,232 · program services $194,762 · management and general $41,735 · fundraising $41,735
-
7 · Other salaries and wages
total $302,750 · program services $274,625 · management and general $23,438 · fundraising $4,687
-
8 · Pension plan contributions
total $10,027 · program services $9,277 · management and general $625 · fundraising $125
-
9 · Other employee benefits
total $28,757 · program services $26,908 · management and general $1,510 · fundraising $339
-
10 · Payroll taxes
total $44,284 · program services $36,001 · management and general $5,696 · fundraising $2,587
-
11b · Fees: legal
total $7,211 · management and general $7,211
-
11c · Fees: accounting
total $48,031 · management and general $48,031
-
11g · Fees: other
total $65,277 · program services $30,287 · management and general $34,990
-
13 · Office expenses
total $24,915 · management and general $24,915
-
16 · Occupancy
total $1,581 · program services $1,581
-
17 · Travel
total $80,605 · program services $74,757 · management and general $4,895 · fundraising $953
-
19 · Conferences, conventions and meetings
total $87 · fundraising $87
-
22 · Depreciation, depletion and amortization
total $10,042 · management and general $10,042
-
23 · Insurance
total $4,000 · management and general $4,000
-
24a · Other expenses: RECRUITING
total $60,418 · management and general $60,418
-
24b · Other expenses: PROGRAM EVENTS
total $30,243 · program services $30,243
-
24c · Other expenses: SUPPLIES
total $9,839 · program services $6,246 · management and general $3,593
-
24d · Other expenses: BANK CHARGES
total $785 · management and general $785
-
24e · All other expenses
total $724 · management and general $724
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $351,958 · end of year $107,968
-
2 · Savings and temporary cash investments
end of year $3,032
-
3 · Pledges and grants receivable
end of year $35,000
-
9 · Prepaid expenses and deferred charges
beginning of year $3,893 · end of year $141
-
10a · Land, buildings and equipment: cost or other basis
$65,646
-
10b · Land, buildings and equipment: accumulated depreciation
$11,918
-
10c · Land, buildings and equipment, net
beginning of year $37,621 · end of year $53,728
-
17 · Accounts payable and accrued expenses
beginning of year $16,219 · end of year $4,601
-
27 · Net assets without donor restrictions
beginning of year $377,253 · end of year $195,268
Mission and programs · 2023
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, 77% FELLOWS ARE FIRST-GENERATION COLLEGE STUDENTS, 89% IDENTIFY AS NON-WHITE, AND 59% ARE WOMEN-IDENTIFYING.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 ALUMNIDURING THE 2023-2024 SCHOOL YEAR, ATLAS SERVED MORE THAN 100 FELLOWS, INCLUDING 15 RISING COLLEGE SENIORS. ONE HUNDRED PERCENT OF THOSE FELLOWS WHO WERE ELIGIBLE RECEIVED FULL TIME RETURN OFFERS. BY 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. IN THE WORDS OF ONE FELLOW, THROUGH ATLAS, I'VE BEEN ABLE TO EXPOSE MYSELF TO AN EXPERIENCE UNLIKE ANY OTHER. BEING ABLE TO EMERGE IN SUCH A COMPETITIVE FIELD THIS EARLY, AND TO DO SO WITH A SUPPORTIVE COMMUNITY, IS EMPOWERING. THE DOORS THAT ATLAS OPENSAND CONTINUES TO OPENFOR UNDER-RESOURCED SCHOLARS ARE ENDLESS.
Expenses $1,748,088 · Grants $1,063,401 · Revenue $187
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dmitry BalyasnyDMITRY BALYASNY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Krystle BlackKRYSTLE BLACK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Phoebe AndersonPHOEBE ANDERSON
SECRETARY/EXECUTIVE DIRECTOR
- Total calculated
- $265,410
- From this org
- $231,814
- From related orgs
- $0
- Other
- $33,596
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,814
- Bonus
- $0
- Other
- $0
- Deferred
- $15,833
- Nontaxable benefits
- $17,763
- Filer's total
- $265,410
-
Rebecca BalyasnyREBECCA BALYASNY
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emil KimEMIL KIM
MANAGING DIRECTOR OF PROGRAMS
- Total calculated
- $170,245
- From this org
- $138,397
- From related orgs
- $0
- Other
- $31,848
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,397
- Bonus
- $0
- Other
- $0
- Deferred
- $14,140
- Nontaxable benefits
- $17,708
- Filer's total
- $170,245
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- ATLAS CONSULTS 990 FORMS OF ORGANIZATIONS WITH SIMILAR MISSION AND PROGRAMMING TO DETERMINE A RANGE OF COMPENSATION FOR LEADERSHIP. THAT RANGE IS TAKEN INTO CONSIDERATION ALONG WITH ATLAS'S SIZE AND SCOPE WHEN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION WHICH IS ULTIMATELY APPROVED BY THE BOARD PRESIDENT.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531229349302963
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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