TY 2011 Form 990

(A) Name and Title	(B) Average hours per week (describe hours for related organizations in Schedule O)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)
(1) Arlene C Ackerman Trustee	2.00	X	0
(2) Frank B Ashley III Trustee	2.00	X	0
(3) Gail Berson Trustee	2.00	X	0
(4) Youlonda Copeland-Morgan Trustee	2.00	X	0
(5) Shun Fang Chang Trustee	2.00	X	0
(6) Douglas L Christiansen Trustee	2.00	X	2,000
(7) Jonathan M Chu Trustee	2.00	X	0
(8) Belinda W Chung Trustee	2.00	X	0
(9) Karen Francis-Begay Trustee	2.00	X	0
(10) Carlos Garcia Trustee	2.00	X	0
(11) Willie J Gilchrist Trustee	2.00	X	0
(12) Barbara A Gill Trustee	2.00	X	0
(13) Terry Grier Trustee	2.00	X	0
(14) Catharine B Hill Trustee	2.00	X	0
(15) Pamela T Horne Trustee	2.00	X	0
(16) Maghan Keita Trustee	2.00	X	0
(17) Mildred R Johnson Trustee	2.00	X	0

(A) Name and Title	(B) Average hours per week (describe hours for related organizations in Schedule O)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(18) Luis Martinez-Fernandez Trustee	2.00	X				0	0
(19) Patricia McWade Trustee	2.00	X				0	0
(20) Gary D Meunier Trustee	2.00	X				0	0
(21) Adrian Mims Trustee	2.00	X				0	0
(22) Janina Montero Trustee	2.00	X				0	0
(23) Mary B Nucciarone Trustee	2.00	X				0	0
(24) Daniel J Rodas Trustee	2.00	X				0	0
(25) Paul W Sechrist Trustee	2.00	X				0	0
(26) Michael M Shackleford Trustee	2.00	X				0	0
(27) Gordon E Stanley Trustee	2.00	X				0	0
(28) John A Tucker Trustee	2.00	X				0	0
(29) Paul G Weaver Trustee	2.00	X				0	0
(30) Arthur L Williams Trustee	2.00	X				0	0
(31) Laurence Bunin SVP, College Connection Success	40.00		X			303,796	33,718
(32) Wayne Camara VP, Research Development	40.00		X			336,073	37,505
(33) Eric Cantor SVP, Regional Accounts	40.00		X			290,357	35,931
(34) Gaston Caperton President	40.00	X	X			1,432,579	54,645
(35) Diane Duggan SVP, CIO	40.00		X			441,612	42,642
(36) Herbert Elish SVP, COO	40.00		X			572,779	44,343
(37) Thomas Higgins SVP, Finance/CFO	40.00		X			469,837	55,800
(38) Peter Kauffman VP, Communications	40.00		X			288,010	45,813
(39) Andrea Mainelli SVP, Regional Accounts	40.00		X			374,726	50,798
(40) Neil Lane SVP, General Counsel	40.00		X			404,138	53,798
(41) Peter Negroni SVP, Relationship Development	40.00		X			426,668	39,704
(42) Tom Rudin SVP, Government Relations	40.00		X			340,761	55,545
(43) Mary C Scott VP, Membership	40.00		X			214,368	39,370
(44) Dorothy Sexton VP, Secretary	40.00		X			228,460	41,278
(45) Steven Titan VP, Treasurer	40.00		X			306,837	54,295
(46) Juliet Weissman VP, Organizational Effectiveness	40.00		X			235,651	57,411
(47) Trevor Packer SVP, AP Programs	40.00		X			329,387	37,866
(48) Robert Alig VP, MSRO	40.00				X	356,397	43,785
(49) Hal Higginbotham SVP	40.00				X	415,300	46,331
(50) Stephen Meyer VP, Office of Strategy Management	40.00				X	336,547	50,215
(51) Pam Nelson VP, Springboard	40.00				X	345,752	38,701
(52) Jim Strande VP, Digital Assessment Planning	40.00				X	340,888	49,645
(53) Kathryn Juric VP, Consumer Assess Programs	40.00			X		211,823	37,522
(54) Mabel G Freeman Trustee	2.00	X				0	0
(55) Ana M Guzman Trustee	2.00	X				0	0
(56) Michael R Heintze Trustee	2.00	X				0	0
(57) Lloyd G Jackson Trustee	2.00	X				0	0
(58) Scott C Kelley Trustee	2.00	X				0	0
(59) Shirley A Ort Trustee	2.00	X				0	0
(60) Peggy O'Neill Skinner Trustee	2.00	X				0	0
(61) Patricia Z Smith Trustee	2.00	X				0	0

(A) Name and business address	(B) Description of services	(C) Compensation
Educational Testing Services 4897 Collection Center Drive Chicago,IL606930048	Testing Services	250,337,295
NCS Pearson 21866 Network Place Chicago,IL606731218	Testing Services	29,426,009
Experis IT Services US LLC 4400 Post Oak Parkway Houston,TX77027	IT Consulting	26,811,262
Alorica Inc 8151 Peters Road Plantation,FL33324	Call Center Services	7,465,135
Fulfillment America One Burlington Ave Wilmington,MA018873902	Fulfillment Services	4,945,731
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 258

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.	(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to governments and organizations in the United States. See Part IV, line 21	1,083,154	1,083,154
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	586,549	586,549
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	0
4	Benefits paid to or for members	0
5	Compensation of current officers, directors, trustees, and key employees ....	7,891,330	2,287,842	5,603,488
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0
7	Other salaries and wages	139,412,293	100,405,364	38,519,527	487,402
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	18,009,419	12,618,173	5,324,054	67,192
9	Other employee benefits .......	15,247,768	10,683,242	4,507,638	56,889
10	Payroll taxes ...........	10,605,309	7,430,535	3,135,206	39,568
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	1,598,910	1,324,047	274,863
c	Accounting ...........	628,509		628,509
d	Lobbying ...........	954,353		954,353
e	Professional fundraising. See Part IV, line 17..
f	Investment management fees ......	2,645,212		2,645,212
g	Other ..........	61,955,598	52,733,635	9,052,332	169,631
12	Advertising and promotion ....	2,874,386	2,874,386
13	Office expenses .......	9,424,279	4,599,313	4,802,561	22,405
14	Information technology ......	13,848,120	8,148,963	5,699,157
15	Royalties ..	315,688	315,688
16	Occupancy ...........	17,781,063	12,396,127	5,326,102	58,834
17	Travel ............	17,939,325	14,263,170	3,630,439	45,716
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	0
19	Conferences, conventions, and meetings ....	9,742,161	7,790,721	1,938,014	13,426
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization .....	18,073,426	13,033,855	5,039,571
23	Insurance ..............	931,218		931,218
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24f. If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24f expenses on Schedule O.)
a	Assessment Administration Development	331,556,758	330,531,332	1,025,427
b	Printing and Publications	12,755,318	12,304,429	450,889
c	Research	6,816,143	6,816,143
d	Marketing	10,254,577	9,040,123	1,214,454
e
f	All other expenses	824,714	648,640	176,074
25	Total functional expenses. Add lines 1 through 24f	713,755,580	611,915,431	100,879,088	961,063
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet
	1	Cashnon-interest-bearing ..........	11,289,190	1	9,610,241
2	Savings and temporary cash investments .......	147,679,391	2	115,571,433
3	Pledges and grants receivable, net .........	6,787,159	3	4,339,931
4	Accounts receivable, net .........	103,669,234	4	116,936,933
5	Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
	Schedule L ..........		5
6	Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
	Schedule L ..........		6
7	Notes and loans receivable, net .............	5,931,428	7	6,110,998
8	Inventories for sale or use ..............		8
9	Prepaid expenses and deferred charges ............	7,162,108	9	8,694,123
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	116,912,959
b	Less: accumulated depreciation. .....	10b	50,202,794	67,799,164	10c	66,710,165
11	Investments—publicly traded securities ..........	227,351,834	11	262,641,565
12	Investments—other securities. See Part IV, line 11 ......	158,019,496	12	172,353,264
13	Investments—program-related. See Part IV, line 11 ..		13
14	Intangible assets .........		14
15	Other assets. See Part IV, line 11 ...........	3,091,451	15	3,926,706
16	Total assets. Add lines 1 through 15 (must equal line 34)...	738,780,455	16	766,895,359
	17	Accounts payable and accrued expenses .	75,999,452	17	65,674,624
18	Grants payable ..........		18
19	Deferred revenue ..........	29,552,723	19	38,542,323
20	Tax-exempt bond liabilities ..........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.....	42,743,202	25	53,414,343
26	Total liabilities. Add lines 17 through 25.....	148,295,377	26	157,631,290
		Organizations that follow SFAS 117, check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets .....	576,811,505	27	603,952,185
28	Temporarily restricted net assets .....	13,673,573	28	5,311,884
29	Permanently restricted net assets .....		29
	Organizations that do not follow SFAS 117, check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances .....	590,485,078	33	609,264,069
34	Total liabilities and net assets/fund balances .....	738,780,455	34	766,895,359

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.

Attach to Form 990 or Form 990-EZ. right arrow

See separate instructions.

OMB No. 1545-0047

2011

Open to Public
Inspection

Name of the organization

College Entrance Examination Board

Employer identification number

13-1623965

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches. section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in

section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. Seesection 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box that describes the type of supporting organization and complete lines 11e through 11h.

Type I

Type II

Type III - Functionally integrated

Type III - Other

By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).

If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box ..................................................

Since August 17, 2006, has the organization accepted any gift or contribution from any of the
following persons?

(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)

Yes

and (iii) below, the governing body of the the supported organization? ................

11g(i)

(ii) a family member of a person described in (i) above? ......................

11g(ii)

(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................

11g(iii)

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization in col. (i) listed in your governing document?		(v) Did you notify the organization in col. (i) of your support?		(vi) Is the organization in col. (i) organized in the U.S.?		(vii) Amount of support?
(i) Name of supported organization	(ii) EIN	Yes	No	Yes	No	Yes	No	(vii) Amount of support?


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2011

Page 2

Part II

Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year(or fiscal year beginning in)		(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3..
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public Support. Subtract line 5 from line 4.	0

Section B. Total Support

Calendar year(or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
11	Total support (Add lines 7 through 10).

Gross receipts from related activities, etc. (See instructions.) ..................

First Five Years If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.......................................... right arrow

Section C. Computation of Public Support Percentage

Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f)) .........

0 %

Public Support Percentage for 2009 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2011. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ...................... right arrow

33 1/3% support test—2010. If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2011. If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization .................................................. right arrow

10%-facts-and-circumstances test—2010. If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly
supported organization .............................................. right arrow

Private Foundation If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions ................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2011

Page 3

Part III

Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year(or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .	16,728	16,286	11,370	9,834	9,165	63,383
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......	591,220	614,865	657,104	695,645	737,199	3,296,033
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.	607,948	631,151	668,474	705,479	746,364	3,359,416
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public Support (Subtract line 7c from line 6.)						3,359,416

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2007	(b) 2008	(c) 2009	(d) 2010	(e) 2011	(f) Total
9	Amounts from line 6...	607,948	631,151	668,474	705,479	746,364	3,359,416
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..	5,690	3,205	4,633	6,831	7,415	27,774
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.						0
c	Add lines 10a and 10b.	5,690	3,205	4,633	6,831	7,415	27,774
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.						0
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)						0
13	Total support (Add lines 9, 10c, 11 and 12.).	613,638	634,356	673,107	712,310	753,779	3,387,190

Section C. Computation of Public Support Percentage

Public Support Percentage for 2011 (line 8 column (f) divided by line 13 column (f)) .........

99.180 %

Public support percentage from 2010 Schedule A, Part III, line 15 ...............

99.130 %

Section D. Computation of Investment Income Percentage

Investment income percentage for 2011 (line 10c column (f) divided by line 13 column (f)) ......

0.820 %

Investment income percentage from 2010 Schedule A, Part III, line 17 .............

0.870 %

19a

33 1/3% support tests—2011. If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .......... right arrow

33 1/3% support tests—2010. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private Foundation If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions ..... right arrow

Schedule A (Form 990 or 990-EZ) 2011

Page 4

Part IV

Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test
Part III Schedule A was completed in thousands. Please note that there was no impact to the resulting percentage computed.

Explanation

Schedule A (Form 990 or 990-EZ) 2011

Additional Data

Software ID:	11000218
Software Version:	2011.0.0

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

OMB No. 1545-0047

2011

Name of organization

College Entrance Examination Board

Employer identification number

13-1623965

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990, or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990, or 990-EZ that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not total to more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year. ......................... Arrow Bullet

Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2, of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 2

Name of organization College Entrance Examination Board
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Part I	Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	RESTRICTED RESTRICTED RESTRICTED RESTRICTED, RESTRICTED RESTRICTED	$RESTRICTED	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 3

Name of organization College Entrance Examination Board
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Part II	Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 4

Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Name of organization
College Entrance Examination Board

Employer identification number

13-1623965

Part III

Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Additional Data

Software ID:	11000218
Software Version:	2011.0.0

- TIN:

SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet

Complete if the organization is described below.
SchCMd Bullet

Attach to Form 990 or Form 990-EZ. SchCMd Bullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public
Inspection

If the organization answered “Yes” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, line 35c (Proxy Tax), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

College Entrance Examination Board

Employer identification number

13-1623965

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV.

Political expenditures .................................... SchCMd Bullet

Volunteer hours ........................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ......... SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ...... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............

Yes No

Was a correction made? .........................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c) except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ................................... SchCMd Bullet

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b.. SchCMd Bullet

Did the filing organization file Form 1120-POL for this year? ..........................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.

For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.

Cat. No. 50084S

Schedule C (Form 990 or 990-EZ) 2011

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......
b	Total lobbying expenditures to influence a legislative body (direct lobbying) .......
c	Total lobbying expenditures (add lines 1a and 1b) ...................
d	Other exempt purpose expenditures ........................
e	Total exempt purpose expenditures (add lines 1c and 1d) ...............
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ......................................	Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2008	(b) 2009	(c) 2010	(d) 2011	(e) Total

2a	Lobbying non-taxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

Schedule C (Form 990 or 990-EZ) 2011

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? .........................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....

Yes

Media advertisements? ....................................

Mailings to members, legislators, or the public? .........................

Publications, or published or broadcast statements? .......................

Grants to other organizations for lobbying purposes? .......................

Direct contact with legislators, their staffs, government officials, or a legislative body? ........

Yes

954,353

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......

Other activities? ..........................

Total. Add lines 1c through 1i ...............................

954,353

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 .................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ................

Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2 are answered “No” OR (b) Part III-A, line 3 is answered “Yes”.

Dues, assessments and similar amounts from members .....................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).

Current year .........................................

Carryover from last year ....................................

Total ...........................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................

Taxable amount of lobbying and political expenditures (see instructions) ..............

Part IV

Supplemental Information

Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, Part II-A; line 5; and Part ll-B, line 1.
Also, complete this part for any additional information.

Identifier	Return Reference	Explanation

Schedule C (Form 990 or 990EZ) 2011

Additional Data

Software ID:	11000218
Software Version:	2011.0.0

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet

Attach to Form 990. SchDMd Bullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

College Entrance Examination Board

Employer identification number

13-1623965

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .......
2	Aggregate contributions to (during year) ...
3	Aggregate grants from (during year) ...
4	Aggregate value at end of year .......

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................

Yes No

In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:

(i)

Revenues included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958), relating to these items:

Revenues included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990

Cat. No. 52283D

Schedule D (Form 990) 2011

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIV and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21? .....................

Yes No

If “Yes,” explain the arrangement in Part XIV.

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current Year	(b)Prior Year	(c)Two Years Back	(d)Three Years Back
1a	Beginning of year balance ....	13,675,000	16,907,000	21,296,000	31,731,000
b	Contributions ........	5,215,000	8,847,000	6,493,000	4,094,000
c	Net investment earnings, gains, and losses ...
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........	13,577,000	12,079,000	10,882,000	14,529,000
f	Administrative expenses ....
g	End of year balance ......	5,313,000	13,675,000	16,907,000	21,296,000

Provide the estimated percentage of the year end balance (line 1g) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Temporarily restricted endowment SchDMd Bullet

100.000 %

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

(ii) related organizations ........................

3a(ii)

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIV the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. See Form 990, Part X, line 10.

Description of property		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................	20,092,834	12,217,901	7,874,933
c	Leasehold improvements ............	24,483,071	5,811,366	18,671,705
d	Equipment ................	62,131,527	29,313,352	32,818,175
e	Other .................	10,205,527	2,860,175	7,345,352
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				66,710,165

Schedule D (Form 990) 2011

Page 3

Part VII

InvestmentsOther Securities. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other (A) Partnerships	83,247,785	F
(B) Nonpublicly traded securites	89,105,479	F







Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	172,353,264

Part VIII

InvestmentsProgram Related. See Form 990, Part X, line 13.

(a) Description of investment type		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. See Form 990, Part X, line 15.

(a) Description				(b) Book value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. See Form 990, Part X, line 25.

1.(a) Description of Liability		(b) Book value
Federal Income Taxes
Accrued Retirement Benefits		32,943,000
Deferred Rent		15,585,000
Investment In Subsidiaries		1,361,000
Other Liabilities		445,967
457 B Plan LIability		3,079,376




Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		53,414,343
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).

Schedule D (Form 990) 2011

Page 4

Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1	Total revenue (Form 990, Part VIII, column (A), line 12) ....................	1	758,985,414
2	Total expenses (Form 990, Part IX, column (A), line 25) .....................	2
3	Excess or (deficit) for the year. Subtract line 2 from line 1 .............	3	758,985,414
4	Net unrealized gains (losses) on investments ..........................	4
5	Donated services and use of facilities .............................	5
6	Investment expenses ...................................	6
7	Prior period adjustments ..................................	7
8	Other (Describe in Part XIV.) .................................	8
9	Total adjustments (net). Add lines 4 through 8 .........................	9
10	Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 .........	10	758,985,414

Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIV.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIV.) ...........	4b
c	Add lines 4a and 4b.......................		4c
5	Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1	Total expenses and losses per audited financial statements .............		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIV.) ............	2d
e	Add lines 2a through 2d......................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIV.) ............	4b
c	Add lines 4a and 4b.......................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIV

Supplemental Information

Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.

Identifier	Return Reference	Explanation
X	2	The Board recognizes in the consolidated financial statements only those tax positions determined to be more likely than not of being sustained upon examination based on the technical merits of the positions under the presumptions that the taxing authorities have full knowledge of all relevant facts.
X	2	The determination of which tax positions are more likely than not of being sustained requires the use of significant judgments and estimates by management, which may or may not be borne out by actual results. As of June 30, 2012 and 2011, the Board had no reserves for uncertain tax positions.

Schedule D (Form 990) 2011

Additional Data

Software ID:	11000218
Software Version:	2011.0.0

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization
College Entrance Examination Board

Employer identification number

13-1623965

Part I

General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants

and other assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? ..............................

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other
assistance outside the United States.

Activites per Region. (Use Part V if additional space is needed.)

(a) Region		(c) Number of employees or agents in region or independent contractors	(d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in region	(f) Total expenditures for region/investments in region
	Central America and the Caribbean		Program Services	Testing	250,595
	Central America and the Caribbean		Program Services	Educational Conferences	23,819
	Central America and the Caribbean		Investments	Investments	109,772,866
	East Asia and the Pacific	1	Program Services	Testing	3,461,795
	East Asia and the Pacific		Program Services	Educational Conferences	278,327
	East Asia and the Pacific		Program Services	Workshops	98,626
	Europe		Program Services	Testing	763,103
	Europe		Program Services	Educational Conferences	88,111
	Europe		Program Services	Workshops	16,929
	Europe		Investments	Investments	1,210,965
	Middle East and North Africa		Program Services	Testing	1,209,063
	Middle East and North Africa		Program Services	Educational Conferences	19,573
	North America		Program Services	Testing	1,129,749
	North America		Program Services	Educational Conferences	634,816
	North America	1	Program Services	Workshops	159,582
	North America		Investments	Investments	1,990,707
	Russia and the Newly Independent States		Program Services	Testing	57,938
	Russia and the Newly Independent States		Program Services	Educational Conferences	7,479
	South America		Program Services	Testing	40,427
	South America		Program Services	Educational Conferences	37,683
	South Asia	1	Program Services	Testing	9,585
	South Asia		Program Services	Educational Conferences	179,043
	Sub-Saharan Africa		Program Services	Educational Conferences	22,031
3a	Sub-total .....	2			121,166,564
b	Total from continuation sheets to Part I ...	1			296,248
c	Totals (add lines 3a and 3b)	3			121,462,812

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2011

Schedule F (Form 990) 2011

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,

Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet

Use Part V if additional space is needed.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of of non-cash assistance	(h) Description of non-cash assistance	(i) Method of valuation (book, FMV, appraisal, other)

Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter ..... MediumBullet

Enter total number of other organizations or entities ........................ MediumBullet

Schedule F (Form 990) 2011

Schedule F (Form 990) 2011Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.

Use Part V if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of non-cash assistance	(g) Description of non-cash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) 2011

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2011

Page 5

Part V

Supplemental Information
Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).

Identifier	ReturnReference	Explanation

Schedule F (Form 990) 2011

Additional Data

Software ID:	11000218
Software Version:	2011.0.0

- TIN:

SCHEDULE G (Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19,or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ. right arrow

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization
College Entrance Examination Board

Employer identification number

13-1623965

Part I

Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and e-mail solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

Yes

If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.

(i) Name and address of individual or entity (fundraiser)	(ii) Activity	(iii) Did fundraiser have custody or control of contributions?		(iv) Gross receipts from activity	(v) Amount paid to (or retained by) fundraiser listed in col. (i)	(vi) Amount paid to (or retained by) organization
	(ii) Activity	Yes	No	(iv) Gross receipts from activity		(vi) Amount paid to (or retained by) organization
Total .................

List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50083H

Schedule G (Form 990 or 990-EZ) 2011

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.

			(a) Event #1 (event type)	(b) Event #2 (event type)	(c) Other Events (total number)	(d) Total Events (Add col. (a) through col. (c))
	1	Gross receipts . . .
	2	Less: Charitable contributions . . .
	3	Gross income (line 1 minus line 2) . . .
	4	Cash prizes . . .
	5	Non-cash prizes . .
	6	Rent/facility costs . .
	7	Food and beverages . .
	8	Entertainment . . .
	9	Other direct expenses .
	10	Direct expense summary. Add lines 4 through 9 in column (d) ...........
	11	Net income summary. Combine lines 3 and 10 in column (d)............

Part III

Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

(a) Bingo

(b) Pull tabs/Instant
bingo/progressive bingo

(c) Other gaming

(d) Total gaming (Add col. (a) through col. (c))

Gross revenue . . . .

Cash prizes . . . .

Non-cash prizes . . .

Rent/facility costs . . .

Other direct expenses . .

Volunteer labor . . .

	Yes
	No

	Yes
	No

	Yes
	No

Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow

Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow

Enter the state(s) in which the organization operates gaming activities:

Is the organization licensed to operate gaming activities in each of these states? ............

YesNo

If "No," Explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....

YesNo

If "Yes," Explain:

Does the organization operate gaming activities with nonmembers? .................

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? ..........................

YesNo

Schedule G (Form 990 or 990-EZ) 2011

Page 3

Indicate the percentage of gaming activity operated in:

The organization's facility ......................

13a

An outside facility ........................

13b

Provide the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? ......................................

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

If "Yes," enter name and address:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? ............................

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)

Identifier	ReturnReference	Explanation

Schedule G (Form 990 or 990-EZ) 2011

Additional Data

Software ID:	11000218
Software Version:	2011.0.0

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990

OMB No. 1545-0047

2011

Open to Public
Inspection

Name of the organization
College Entrance Examination Board

Employer identification number
13-1623965

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet

(a) Name and address of organization or government	(b) EIN	(c) IRC Code section if applicable	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of non-cash assistance	(h) Purpose of grant or assistance
(1) American Council On EducationOne Dupont Circle NW 800 Washington,DC20036	53-0196573	501c3	12,000				Community Education
(2) Boys and Girls Clubs of Metro Atlanta100 Edgewood Avenue Atlanta,GA30303	58-0566123	501c3		7,985	FMV	Books	Community Education
(3) California State University External Relations401 Golden Shore Long Beach,CA90802	94-3067788	501c3		32,368	FMV	Books	Community Education
(4) Computer Science Teacher's Association2 Penn Plaza Suite 701 New York,NY10121	13-1921358	501c3	15,000				Community Education
(5) Copiague Public Schools2650 Great Neck Road Copiague,NY11726	11-6000450	115	10,000				Community Education
(6) Council Of Chief State School OfficersOne Massachusetts Avenue NW Suite 7 Washington,DC20001	53-0198090	501c3	40,000				Community Education
(7) DonorschooseOrg213 West 35 Street Second Fl East New York,NY11743	13-4129457	501c3	140,000				Community Education
(8) Economedes High School-ECISD1414 N Alamo Road Edinburg,TX78542	17-4600071	115	26,500				Community Education
(9) Excelencia in Education Inc1717 N Street NW 2nd floor Washington,DC20036	20-0927912	501c3	10,000				Community Education
(10) Fort Lauderdale High School1600 NE 4th Avenue Fort Lauderdale,FL33305	59-6000530	115	26,500				Community Education
(11) Georgetown UniversityGeorgetown Scholarship Program Whit Washington,DC20057	53-0196603	501c3	7,520				Community Education
(12) Lebanon High School1700 South 5th Street Lebanon,OR97355	93-1175526	115		8,092	FMV	Books	Community Education
(13) Lincoln Square Business Improvement District1841 Broadway Suite 1112 New York,NY10023	13-3922300	501c3	10,000				Community Education
(14) National Center For Learning Disabilities381 Park Avenue South Suite 1401 New York,NY10016	13-2899381	501c3	10,000				Community Education
(15) National College Access Network1001 Connecticut Avenue NW Suite 63 Washington,DC20036	31-1793562	501c3	20,000				Community Education
(16) National Math & Science Initiative325 North Saint Paul Street Suite 2 Dallas,TX75201	11-3769438	501c3	166,666				Community Education
(17) New Mexico AP InitiativePO Box 31088 Santa Fe,NM87594	27-0293685	501c3	25,000				Community Education
(18) The National Governors Association444 North Capital Street NW Suite 6 Washington,DC20036	23-7391796	501c3	70,000				Community Education
(19) The University of Massachusetts-AmherstBusiness Office Murray D Lincoln Ca Amherst,MA01003	04-3167352	115	10,000				Community Education
(20) Western Interstate Commission3035 Center Green Drive Boulder,CO80301	84-6008945	501c3	72,000				Community Education
(21) Woodbury Public Schools25 North Broad Street Woodbury,NJ08096	21-6000350	115	26,500				Community Education
(22) World History Connected Inc17576 North Amberwood Drive Surprise,AZ85374	01-0785524	501c3	10,000				Community Education

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ......................... . Bullet Image

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2011

Page 2

Part III

Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.

(a)Type of grant or assistance	(b)Number of recipients	(c)Amount of cash grant
(1) Scholarships for public	14	16,260
(2) Health research	147	570,289

Part IV

Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.

Identifier	Return Reference	Explanation
I	2	Procedures for Monitoring Use of Grants Funds in U.S. The College Board maintains accurate records of the amounts of grants in accordance with GAAP, documents selection criteria and eligibility, and monitors use of grant funds.

Schedule I (Form 990) 2011

Additional Data

Software ID:	11000218
Software Version:	2011.0.0

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet

Attach to Form 990. SchJMediumBullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

College Entrance Examination Board

Employer identification number

13-1623965

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all the expenses described above? If "No," complete Part III to explain....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....

Yes

Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ...............

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? ........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.

For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 5a or 5b, describe in Part III.

For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 6a or 6b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990

Cat. No. 50053T

Schedule J (Form 990) 2011

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and column (E) for that individual.

(A) Name		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation reported as deferred in prior Form 990
(A) Name		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation reported as deferred in prior Form 990
(1) Laurence Bunin	(i) (ii)	267,196		36,600	31,850	1,868	337,514
(2) Wayne Camara	(i) (ii)	295,188	17,894	22,990	31,850	5,655	373,577
(3) Eric Cantor	(i) (ii)	257,241	7,187	25,929	31,850	4,081	326,288
(4) Gaston Caperton	(i) (ii)	550,131	659,013	223,436	31,850	22,795	1,487,225
(5) Diane Duggan	(i) (ii)	387,403	28,119	26,090	31,850	10,792	484,254
(6) Herbert Elish	(i) (ii)	460,415	55,125	57,239	31,850	12,494	617,123
(7) Thomas Higgins	(i) (ii)	387,094	39,383	43,360	31,850	23,950	525,637
(8) Peter Kauffman	(i) (ii)	282,367		5,643	31,850	13,963	333,823
(9) Andrea Mainelli	(i) (ii)	337,793	20,400	16,534	31,850	18,948	425,525
(10) Neil Lane	(i) (ii)	342,597	41,253	20,288	31,850	21,948	457,936
(11) Peter Negroni	(i) (ii)	390,519	4,881	31,268	31,850	7,854	466,372
(12) Tom Rudin	(i) (ii)	296,141	18,205	26,415	31,850	23,695	396,306
(13) Mary C Scott	(i) (ii)	200,593	8,220	5,555	28,017	11,353	253,738
(14) Dorothy Sexton	(i) (ii)	216,477	9,941	2,042	30,262	11,016	269,738
(15) Steven Titan	(i) (ii)	274,260	14,024	18,552	31,850	22,445	361,131
(16) Juliet Weissman	(i) (ii)	212,942	22,279	431	31,850	25,561	293,063
(17) Trevor Packer	(i) (ii)	290,354	38,400	633	31,850	6,017	367,254
(18) Robert Alig	(i) (ii)	271,396	43,566	41,435	31,850	11,935	400,182
(19) Hal Higginbotham	(i) (ii)	370,716	14,897	29,688	31,850	14,481	461,632
(20) Stephen Meyer	(i) (ii)	295,010	29,370	12,167	31,850	18,364	386,761
(21) Pam Nelson	(i) (ii)	276,043	50,010	19,699	31,850	6,851	384,453
(22) Jim Strande	(i) (ii)	291,037	24,863	24,988	31,850	17,795	390,533
(23) Kathryn Juric	(i) (ii)	185,553	25,646	624	27,618	9,905	249,346

Schedule J (Form 990) 2011

Page 3

Part III

Supplemental Information

Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.

Identifier	Return Reference	Explanation
I	1a and 4b............	President received deferred compensation 521,628 and a monthly housing allowance that is included in his taxable compensation.

Schedule J (Form 990) 2011

Additional Data

Software ID:	11000218
Software Version:	2011.0.0

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2011

Open to Public
Inspection

Name of the organization

College Entrance Examination Board

Employer identification number

13-1623965

Identifier	Return Reference	Explanation
Form 990 Part I	1....................	The College Board is a not-for-profit membership association that provides programs and services to help students prepare for and succeed in college. The College Board was created in 1900 to expand access to higher education. Today, the association is made up of more than 6,000 secondary schools, colleges, universities and other educational organizations. The College Board and its members are committed to the principles of excellence and equity in education, and that commitment is embodied in all of its programs, services and activities. As a membership association of secondary schools and institutions of higher education, The College Board works to improve education and respond to member needs and concerns.
Form 990 Part I	1..................	In fiscal 2011-12, The College Board served more than seven million students and their parents 23,000 high schools and 3,900 colleges through major programs and services in college admission, guidance, assessment, financial aid, enrollment, and teaching and learning. To further its mission, the organization also conducts research collects data advocates on behalf of students, teachers, school counselors, admission and financial aid officers, and institutions of higher education, and to improve education standards and practices. In addition, annual and regional forums and workshops are held to address the most pressing issues of interest to the associations members.
Form 990 Part I	1..................	Among the College Boards best-known programs are the SAT, the PSAT/NMSQT and the Advanced Placement Program AP. Through its free online resources, the College Board provides critical information about the college-going process to millions of students every year.
Form 990 Part III	4a................. COLLEGE READINESS	To fulfill commitment to excellence in education, the College Board works to help prepare all students to succeed in rigorous course work and to realize that college is a possibility for them. Through programs developed for grades six to 12, the College Board helps schools promote high standards of learning, place writing at the center of the curriculum and offer college guidance.
Form 990 Part III	4a................. COLLEGE READINESS	SpringBoard is the College Boards official Pre-AP program for grades 6-12 in English Language Arts and Mathematics, based on the rigorous College Board Standards for College Success. Written by teachers for teachers, SpringBoard is a research-based college readiness program designed to prepare all students for AP and college success through integrated instructional materials, formative assessments and sustained professional development
Form 990 Part III	4a................. COLLEGE READINESS	The College Boards Advanced Placement Program AP enables willing and academically prepared students to pursue college-level studies with the opportunity to earn college credit, advanced placement or both while still in high school. Through AP cources in 34 subjects, each culminating in a rigorous exam, students learn to think critically, construct solid arguments and see many sides of an issue. These are skills that prepare them for college and beyond. Taking AP cources demonstrates to college admission officers that students have sought the most rigorous curriculum available to them, and research indicates that students who score a 3 or higher on the AP Exam typically experience greater academic success in college and are more likely to earn a college degree that non-AP students.
Form 990 Part III	4a................. COLLEGE READINESS	Each AP teachers syllabus is evaluated and approved by faculty from some of the nations leading colleges and universities, and AP Exams are developed and scored by college faculty and experienced AP teachers. Most four-year colleges and universities in the United States grant credit, advanced placement or both on the basis of successful AP Exam scores-more than 3,600 institutions worldwide annually receive AP scores. More than 20 million in discounts were provided to AP test takers in fiscal 2012.
Form 990 Part III	4a................. COLLEGE READINESS	The College Boards CollegeEd and Guidance Publications unit offers publications, professional development and supplemental curriculum materials to help educators prepare students for success in college and beyond. CollegeEd provides a collaborative academic and career exploration curriculum for students, educators and parents, designed to empower students with the skills and knowledge to envision their goals and achieve success in higher education. The program includes middle and high school family guides, as well as an online component to help students and their parents plan for, apply to and pay for college.
Form 990 Part III	4a................. COLLEGE READINESS	The College Boards College Handbook, Scholarship Handbook, Book of Majors and Getting Financial Aid also provide valuable information on these topics to prospective students and their parents. The College Counseling Sourcebook Advice and Strategies from Experienced School Counselors, now in its sixth edition, is an essential reference for counselors across the country.
Form 990 Part III	4a................. COLLEGE READINESS	Recognizing the need to help middle and high school students in underrepresented groups enter the pipeline to higher education, the College Board created College Board Schools with the support of the Bill and Melinda Gates Foundation and the Michael and Susan Dell Foundation. In New York State, College Board Schools are new public schools, grades six to 12, that serve students in low-income and minority communities with the aim of preparing neighborhood students for access to and success in college. There are currently 18 College Board Schools in New York.
Form 990 Part III	4a................. COLLEGE READINESS	The Chinese Language and Culture Initiatives are helping to support the growth of Chinese language education in U.S. schools and build a solid foundation for the AP Chinese Language and Culture course and exam. The initiatives, which include a series of programs, are made possible through a historic collaboration with the Confucius Institute Headquarters/Hanban of China. Currently, 172 guest teachers from China are placed in high schools, middle schools and elementary schools across the United States. In June 2012, approximately 400 U.S. educators traveled to China with the Chinese Bridge Delegation for a one-week educational tour as guests of Hanban. In collaboration with the Asia Society, the College Board co-hosts the National Chinese Language Conference, an annual meeting attracting nearly 1,200 educators from across the nation.
Form 990 Part III	4a................. COLLEGE READINESS	In addition, the initiative has organized in-service professional development for U.S. based Chinese teachers and Chinese culture presentations in U.S. schools, as well as providing scholarships for Chinese teaching candidates.
Form 990 Part III	4a................. COLLEGE READINESS	The College Board believes that extensive and effective use of data can be used to improve teaching and learning. By understanding students strengths and skills, teachers can help them succeed in high school and beyond. Also important is an understanding of how students skills compare nationally and internationally. To gauge learning objectively-and help students build on their strengths and address weaknesses-the College Board has developed assessments for use by teachers, schools, students and colleges.
Form 990 Part III	4b................. COLLEGE CONNECTION SUCCESS SYSTEMS.....	PSAT/NMSQT is a comprehensive assessment program taken by more than 3.5 million students and fee waivers of 2 million are given annually. The PSAT/NMSQT measures the critical reading, mathematics and writing skills that students need for success in college and beyond. It provides practice for the SAT entry into scholarship programs detailed feedback valuable resources for students, schools, and districts personalized college and career planning tools and data and reporting resources that help educators increase access to rigorous courses while improving teaching and learning.
Form 990 Part III	4b................. COLLEGE CONNECTION SUCCESS SYSTEMS.....	The SAT, the nations premier college admission test, was developed as a tool to democratize access to college for all students. The SAT measures the academic skills and knowledge that students acquire in high school. It also shows how well students can apply their knowledge, a factor that educators and researchers agree is critical to success in college course work. The SAT is accepted and used by the vast majority of nonprofit four-year colleges, including open-admission colleges. About 1.66 million students in the class of 2012 took the SAT, and minority students comprised 45 percent of test-takers.
Form 990 Part III	4b................. COLLEGE CONNECTION SUCCESS SYSTEMS.....	In keeping with its mission to connect students to college success and opportunity, the College Board provides SAT fee waivers to low-income students for whom exam fees would present an unnecessary barrier in the college-going process. 45 million in fee waivers were provided. About 22 percent of SAT takers in the class of 2012 utilized fee waivers to prepare for and take the SAT. Students who participate in the College Boards SAT fee-waiver program may also be eligible to have college application fees waived. The directory of colleges that have agreed to waive, or to consider waiving application fees for students participating in the SAT fee-waiver program is located at http//www.collegeboard.org/proddownloads/sat/directory-of-colleges-for-sat-program-fee-waivers.pdf.
Form 990 Part III	4b................. COLLEGE CONNECTION SUCCESS SYSTEMS.....	College-Level Examination Program CLEP assesses students college-level knowledge, regardless of where the knowledge was acquired. Students can use the CLEP examinations to demonstrate learning and earn placement, credit or exemption from introductory college-level courses. ACCUPLACER, is a computer-adaptive diagnostic, online intervention and placement testing system that assesses student academic skills in reading, writing and mathematics in an immediate and accurate way. ACCUPLACER is used primarity by institutions to aid in effective placement of incoming students.
Form 990 Part III	4b................. COLLEGE CONNECTION SUCCESS SYSTEMS.....	ReadiStep is a low-stakes middle school assessment that helps teachers provide the guidance middle school students need to prepare for high school and college. Developed by College Board professionals in partnership middle school teacher and other education experts. ReadiStep provides early feedback on students skills. It identifies areas in which students need to develop their skills, as well as students who are ready for more advanced course work. ReadiStep is vertically aligned with the PSAT/NMSQT and SAT and measures the skills through the same format and question types in three fundamental academic disciplies critical reading, mathematics and writing skills.
Form 990 Part III	4b................. COLLEGE CONNECTION SUCCESS SYSTEMS.....	Enrollment Services The College Board works with colleges and universities to help them find the best students for their campuses and to effectively and efficiently distribute the financial aid that will help students complete their education. It is imperative that higher education institutions recruit and retain students who are a good fit for their programs. The better the fit, the more likely the student will be to enroll, enhance on-campus learning, graduate and ultimately contribute to society. By achieving success, these students pave the way for future students to attend college. The College Board provides a suite of financial aid, recruitment and admission services that help colleges and students achieve their goals.
Form 990 Part III	4b................. COLLEGE CONNECTION SUCCESS SYSTEMS.....	Financial Aid The College Boards College Scholarship Service pioneered need-based financial aid concepts and methodologies more than five decades ago. Today, the College Boards various financial aid programs and services help institutions distribute resources efficiently, while supporting equity and a high level of service. PowerFAIDS is an all-encompassing financial aid management system. Institutional Need Analysis System INAS is a need-analysis calculator that allows colleges to determine estimated family contributions.
Form 990 Part III	4b................. COLLEGE CONNECTION SUCCESS SYSTEMS.....	CSS/Financial Aid PROFILE is a service that institutions use to make sensitive financial aid decisions and that students and families use to apply for institutional aid. Fee Waivers are granted automatically to first-time applicants from low-income families, based on the financial information provided on the CSS/Financial Aid PROFILE forms. Colleges use the Institutional Documentation Service IDOC to greatly reduce the amount of paper in their offices. On a colleges behalf, the College Board will collect documents from applicants, scan them, enter tax return and W-2 data, and transmit data electronically to institutions, making the process easier for colleges, students and parents. The College Boards Net Price Calculator Service, which is used by about 300 colleges, assists colleges in providing student-specific information about their net price.
Form 990 Part III	4b................. COLLEGE CONNECTION SUCCESS SYSTEMS.....	Recruitment and Admission Enrollment Planning Service EPS and Descriptor PLUS are data services that make use of College Board information to provide institutions with intelligence on trends and conditions that directly affect their enrollment management strategy. Student Search Service provides colleges, universities and scholarship organizations with access to college-bound students who wish to be recruited. Colleges and universities use the Admitted Student Questionnaire ASQ to determine how they might improve aspects of their institutions, such as academic offerings or recruitment materials. Spotlight helps colleges and universities describe their institutions in College MatchMaker on collegeboard.com, so that more students will be attracted to their campuses.
Form 990 Part III	4c..................RESEARCH, DATA ANALYSIS.....	Data and Analysis The College Board is a respected source of data. The Annual Survey of Colleges collects information of use to students, parents, counselors and educators about the characteristics of accredited colleges, including programs, costs, application requirements and deadlines. The data are used to produce the College Boards popular College Search program on bigfuture.org the College Handbook and the annual Trends in College Pricing, part of the Trends in Higher Education Series. The Annual Survey of Colleges data are also used by journalists and researchers.
Form 990 Part III	4c..................RESEARCH, DATA ANALYSIS.....	The College Boards Research and Development Department conducts research on issues of importance to core programs, such as the SAT and AP. Results are often disseminated through published research reports and presentations at various educational conferences, including the conference of the American Educational Research Association. The analysis unit is responsible for evaluating and fulfilling requests for College Board data.
Form 990 Part III	4c..................RESEARCH, DATA ANALYSIS.....	In February 2012, the AP Report to the Nation reported educators quantifiable successes in helping a wider, more ethnically diverse segment of students gain access to and achieve success in college-level work. In September, the College Board released the results of an analysis of the years graduating class of SAT takers, noting a higher number of first-generation students than last year and a high rate of minority student participation.
Form 990 Part III	4c..................RESEARCH, DATA ANALYSIS.....	In October, the College Board released Trends in College Pricing 2012 and Trends in Student Aid 2012, showing that tuition continues to rise, but while large increases in federal grant aid and tax benefits cushioned the impact of rising tuition prices from 2008-09 to 2010-11, total grant aid for students did not increase in 2011-12. The reports also documented a wide variation in prices in a diverse higher education system. The Trends in Higher Education Series supplies important statistics, information and analysis for policymakers, educators, news media and the public, as well as thousands of College Board members.
Form 990 Part III	4c..................ADVOCACY.....	ADVOCACY Education Comes First The College Board Advocacy Policy Center is uniquely positioned to build critical connections between policy research and real-world experience, making innovative ideas accessible and actionable to drive fundamental systemic reform in education. The center is dedicated to the study of educational opportunity and success. It conducts research and analyses on policies and educational challenges relted to three policy areas college preparation and access, college affordability and finanical aid and college admission and completion.
Form 990 Part III	4c..................ADVOCACY.....	The Center provides data, tools and resources that policymakers and educators can use to broaden the reach of programs that work, while also improving educational opportunities and outcomes. Furthermore, the Center communicates Critical information about college access and affordability to policymakers, educators, parents and students in order to impove the school-to college transition and increase college completion rates, especially for traditionally underserved groups. The Center benefits from the College Boards more than 100 years as a standard of academic excellence, with an active network of members from across the education spectrum, extensive experience with programs and services designed to connect students to college opportunity and success and school and district models for comprehensive, systemic reform.
Form 990 Part III	4c..................ADVOCACY.....	The College Board Advocacy Policy Center engages a national network of policymakers, practitioners, researchers and innovators to share ideas, explore solutions to seemingly intractable problems in education, and identify gaps in information. Throughout the year the College Board hosts policy forums and roundtables, convening innovative minds to radically rethink how education is delivered in America. The Centers work is focused on three areas critical to college success. A portfolio of research-based initiatives which addresses the challenges and opportunities in each area.
Form 990 Part III	4c..................ADVOCACY.....	College Preparation Access All students deserve the highest-quality education and an opportunity to participate in academically challenging courses to prepare for success beyond high school. We provide evidence-based tools, resources and effective practices to help educators build a college-ready culture of high expectations and achievement. we also raise awareness of the value and importance of K-12 teachers and school counselors, who work directly with students, their families and their communities. Key initiatives include The Collegekeys Compact, Schools Counselor Advocacy and Educational Experiences Facing Young Men of Color.
Form 990 Part III	4c..................ADVOCACY.....	College Affordability Financial Aid All students should have access to an affordable college experience. We offer recommendations to improve and simplify the student financial aid system in order to make enrollment and full participation in the college experience possible for all students. We also provide institutions and policymakers with data that shed light on the current state of college prices and student financial aid, as well as long-term pricing and financial aid trends. Key initiatives include Rethinking Student Aid, Trends in Higher Education Series and Education Pays.
Form 990 Part III	4c..................ADVOCACY.....	College Admission Completion Making the benefits of higher education available to more people improves lives and strengthens our nation. The College Board offers recommendations to simplify the college admission and transfer processes, promote the educational benefits of diversity and improve college completion rates. We develop evidence-based practices and policies to increase post secondary attainment, particularly among students from low-income and minority backgrounds, as well as underserved schools and districts.
Form 990 Part III	4c..................ADVOCACY.....	The Annual College Completion Agenda A comprehensive progress report on rigorous indicators aligned to 10 interdependent recommendations -- charts the progress of the nation and each of the 50 states toward the goal of 55 college completion by 2025. The report points out success in individual states, while acknowledging the formidable challenges that remain at every level of the system for students who aspire to enroll and succeed in college. Key initiatives include College Completion Agenda, Access Diversity Collaborative, Admissions in the 21st Century and The Completion Arch.
Form 990 Part III	4c..................ADVOCACY.....	The Membership Office recruits and maintains new members, supports governance activities and works to strengthen relationships between College Board staff and members to achieve our shared goals. Through programs, services and large-scale conferences, the College Board seeks to foster community, expand knowledge and enhance the profession among its more than 6,000 members from the United States and abroad. Professional development is another important component of College Board services. Support for teachers, counselors and administrators includes online resources, workshops, conferences and publications. These professional development activities are conducted by a number of College Board programs.
Form 990 Part III	4c..................ADVOCACY.....	To further foster the College Boards mission of connecting all students-including those with disabilities-to college success, Services for Students with Disabilities staff works hard to ensure that students with disabilities receive the accommodations necessary to participate in College Board testing. To determine who requires an accommodation, the College Board uses qualified professionals, both in-house staff and our national panel of experts, to review and assess every request on an individual basis. A number of other services assist colleges and universities in finding students who will succeed on their campuses, managing these students financial aid needs and evaluating their educational outcomes.
Form 990 Part III	4c..................ADVOCACY.....	Other initiatives build on the College Boards mission to connect students to college success by working to improve academic preparation increase access to college maximize our nations higher education system, which includes addressing graduation and retention and consider the gamut of K-12 issues.
Form 990 Part III	4c..................ADVOCACY.....	The College Board Website The College Board website is the most highly trafficked online college planning resource. The website provides critical information and helpful tools and services to millions of high school students every year. Students use the site to get high-quality information about more than 3900 college and universities, find colleges that fit their desires and needs, receive PSAT/NMSQT scores, access career and major exploration tools, prepare and register for the SAT, and learn about and apply for a wide variety of financial aid resources. In April 2012, the College Board launched BigFuture bigfuture.org a free, comprehensive web resource that improves the college planning process. Designed with the input of students and educators, the sites step-by-step approah makes the college planning process easier to navigate.
Form 990 Part III	4c..................ADVOCACY.....	It also helps students learns how to overcome the barriers that make college seem out of reach. This project was born out of concerns at the College Board and among educator advocacy groups about the increasingly complex college admissions process and unequal access to expert college guidance, especially for those who may be the first in their family to attend college or who are at schools with very high student-to-counselor ratios.
Form 990 Part VI	6.......................	The College Board is a membership corporation chartered by the NYS Board of Regents whose members are institutions, systems, organizations and agencies engaged in or serving post secondary/higher and secondary education and working to support preparation for and transition to post secondary/higher education.
Form 990 Part VI	7a.....................	Members elect 30 of the 31 members of the governing body, the Board of Trustees, by appointing delegates who represent them at meetings of the College Board, Regional Assemblies, and National Assemblies as follows 9 Trustees are elected by 6 Regional Assemblies, 6 Trustees are elected by 3 National Asssemblies, and 15 Trustees are elected at-large nationally.
Form 990 Part VI	7b....................	If the governing board proposes an amendment of the corporate Charter or bylaws, a two-thirds vote of the members is required to approve the proposed amendment. Members may also suspend the Bylaws with a unanimous vote when a quorum is present at a meeting.
Form 990 Part VI	11b....................	The 990 is reviewed by the Tax Director, the College Boards public accounting firm, the Chief Accounting Officer, members of the senior management team, and the Audit Committee of the Board of Trustees before it is provided to the Board of Trustees.
Form 990 Part VI	12c.....................	Annual Disclosure Statement........... Each year, the College Board Office provides the Trustees, Officers, and Executive Directors Guidelines for Avoiding Conflicts of Interest, Maintaining Confidentiality, and Barring Insider Trading and requires them to sign annual disclosure statements, which are reviewed by the College Board Offices of the Secretary and General Counsel.
Form 990 Part VI	12c contd...........	The College Board Employee Handbook Handbook sets forth the College Board policies on conflicts, which require employees to report actual and potential conflicts in writing. A violation will result in immediate discipline, including immediate termination. Ethics and Compliance Reporting System is an additional mechanism for both employees and non-employees to raise concerns in an anonymous and confidential manner through an internet based ethics and compliance reporting system and call center. Reports submitted are reviewed by the College Board Office of the General Counsel.
Form 990 Part VI	15b.......................	Compensation for top management is reviewed annually by an external consulting firm and by the Compensation Committee of the Board of Trustees.
Form 990 Part VI	19...................	The College Board complies with all laws requiring public disclosure of governing documents, conflict of interest policies, and financial statement reporting. The College Boards Bylaws, Charter, and Assembly Governance Plans are available at collegeboard.org.
Form 990 Part VII		Gaston Caperton does not receive any compensation for his Trustee role. College Board Trustees do not receive any compensation in their capacity as a Trustee. Guidelines adopted by the Board of Trustees on October 3, 2008 no longer permit payments to a Trustee for service beyond the scope of his or her service as a Trustee of the College Board which must be fully disclosed. The listed payments were honoraria provided to members of academic committees related to committee service prior to their becoming trustees.
Form 990 Part IX	11g...................	This expense consists of consulting and contractual vendor services for test administration and fulfillment.
Form 990 Part XI	2b.....................	The College Boards financial statements were audited on a consolidated basis
Form 990 Part XI	5.................................................................	Change in Accounting for Post retirement benefits......................8,378,000....... Release of Temporarily Restricted Net Assets.............................8,361,689...... Unrealized Loss on Investment................................................... 9,711,154 Total ...........................................................................26,450,843
Form 990	3	Part I-B, SCHEDULE C............The College Board did not incur a section 4955 tax for the year and therefore the filing of Form 4720 is not applicable.
Form 990 Part V		Cayman Islands, United Kingdom and Canada.
		Form 990 Part I Line 1.................... The College Board is a not-for-profit membership association that provides programs and services to help students prepare for and succeed in college. The College Board was created in 1900 to expand access to higher education. Today, the association is made up of more than 6,000 secondary schools, colleges, universities and other educational organizations. The College Board and its members are committed to the principles of excellence and equity in education, and that commitment is embodied in all of its programs, services and activities. As a membership association of secondary schools and institutions of higher education, The College Board works to improve education and respond to member needs and concerns. Form 990 Part I Line 1.................. In fiscal 2011-12, The College Board served more than seven million students and their parents 23,000 high schools and 3,900 colleges through major programs and services in college admission, guidance, assessment, financial aid, enrollment, and teaching and learning. To further its mission, the organization also conducts research collects data advocates on behalf of students, teachers, school counselors, admission and financial aid officers, and institutions of higher education, and to improve education standards and practices. In addition, annual and regional forums and workshops are held to address the most pressing issues of interest to the associations members. Form 990 Part I Line 1.................. Among the College Boards best-known programs are the SAT, the PSAT/NMSQT and the Advanced Placement Program AP. Through its free online resources, the College Board provides critical information about the college-going process to millions of students every year. Form 990 Part III Line 4a................. COLLEGE READINESS To fulfill commitment to excellence in education, the College Board works to help prepare all students to succeed in rigorous course work and to realize that college is a possibility for them. Through programs developed for grades six to 12, the College Board helps schools promote high standards of learning, place writing at the center of the curriculum and offer college guidance. Form 990 Part III Line 4a................. COLLEGE READINESS SpringBoard is the College Boards official Pre-AP program for grades 6-12 in English Language Arts and Mathematics, based on the rigorous College Board Standards for College Success. Written by teachers for teachers, SpringBoard is a research-based college readiness program designed to prepare all students for AP and college success through integrated instructional materials, formative assessments and sustained professional development Form 990 Part III Line 4a................. COLLEGE READINESS The College Boards Advanced Placement Program AP enables willing and academically prepared students to pursue college-level studies with the opportunity to earn college credit, advanced placement or both while still in high school. Through AP cources in 34 subjects, each culminating in a rigorous exam, students learn to think critically, construct solid arguments and see many sides of an issue. These are skills that prepare them for college and beyond. Taking AP cources demonstrates to college admission officers that students have sought the most rigorous curriculum available to them, and research indicates that students who score a 3 or higher on the AP Exam typically experience greater academic success in college and are more likely to earn a college degree that non-AP students. Form 990 Part III Line 4a................. COLLEGE READINESS Each AP teachers syllabus is evaluated and approved by faculty from some of the nations leading colleges and universities, and AP Exams are developed and scored by college faculty and experienced AP teachers. Most four-year colleges and universities in the United States grant credit, advanced placement or both on the basis of successful AP Exam scores-more than 3,600 institutions worldwide annually receive AP scores. More than 20 million in discounts were provided to AP test takers in fiscal 2012. Form 990 Part III Line 4a................. COLLEGE READINESS The College Boards CollegeEd and Guidance Publications unit offers publications, professional development and supplemental curriculum materials to help educators prepare students for success in college and beyond. CollegeEd provides a collaborative academic and career exploration curriculum for students, educators and parents, designed to empower students with the skills and knowledge to envision their goals and achieve success in higher education. The program includes middle and high school family guides, as well as an online component to help students and their parents plan for, apply to and pay for college. Form 990 Part III Line 4a................. COLLEGE READINESS The College Boards College Handbook, Scholarship Handbook, Book of Majors and Getting Financial Aid also provide valuable information on these topics to prospective students and their parents. The College Counseling Sourcebook Advice and Strategies from Experienced School Counselors, now in its sixth edition, is an essential reference for counselors across the country. Form 990 Part III Line 4a................. COLLEGE READINESS Recognizing the need to help middle and high school students in underrepresented groups enter the pipeline to higher education, the College Board created College Board Schools with the support of the Bill and Melinda Gates Foundation and the Michael and Susan Dell Foundation. In New York State, College Board Schools are new public schools, grades six to 12, that serve students in low-income and minority communities with the aim of preparing neighborhood students for access to and success in college. There are currently 18 College Board Schools in New York. Form 990 Part III Line 4a................. COLLEGE READINESS The Chinese Language and Culture Initiatives are helping to support the growth of Chinese language education in U.S. schools and build a solid foundation for the AP Chinese Language and Culture course and exam. The initiatives, which include a series of programs, are made possible through a historic collaboration with the Confucius Institute Headquarters/Hanban of China. Currently, 172 guest teachers from China are placed in high schools, middle schools and elementary schools across the United States. In June 2012, approximately 400 U.S. educators traveled to China with the Chinese Bridge Delegation for a one-week educational tour as guests of Hanban. In collaboration with the Asia Society, the College Board co-hosts the National Chinese Language Conference, an annual meeting attracting nearly 1,200 educators from across the nation. Form 990 Part III Line 4a................. COLLEGE READINESS In addition, the initiative has organized in-service professional development for U.S. based Chinese teachers and Chinese culture presentations in U.S. schools, as well as providing scholarships for Chinese teaching candidates. Form 990 Part III Line 4a................. COLLEGE READINESS The College Board believes that extensive and effective use of data can be used to improve teaching and learning. By understanding students strengths and skills, teachers can help them succeed in high school and beyond. Also important is an understanding of how students skills compare nationally and internationally. To gauge learning objectively-and help students build on their strengths and address weaknesses-the College Board has developed assessments for use by teachers, schools, students and colleges. Form 990 Part III Line 4b................. COLLEGE CONNECTION SUCCESS SYSTEMS..... PSAT/NMSQT is a comprehensive assessment program taken by more than 3.5 million students and fee waivers of 2 million are given annually. The PSAT/NMSQT measures the critical reading, mathematics and writing skills that students need for success in college and beyond. It provides practice for the SAT entry into scholarship programs detailed feedback valuable resources for students, schools, and districts personalized college and career planning tools and data and reporting resources that help educators increase access to rigorous courses while improving teaching and learning. Form 990 Part III Line 4b................. COLLEGE CONNECTION SUCCESS SYSTEMS..... The SAT, the nations premier college admission test, was developed as a tool to democratize access to college for all students. The SAT measures the academic skills and knowledge that students acquire in high school. It also shows how well students can apply their knowledge, a factor that educators and researchers agree is critical to success in college course work. The SAT is accepted and used by the vast majority of nonprofit four-year colleges, including open-admission colleges. About 1.66 million students in the class of 2012 took the SAT, and minority students comprised 45 percent of test-take

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2011

Additional Data

Software ID:	11000218
Software Version:	2011.0.0

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBullet

Attach to Form 990. MediumBullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

College Entrance Examination Board

Employer identification number

13-1623965

Part I

Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)

(a) Name, address, and EIN of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled organization
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2011

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership
(1) Sequitur Corporation 45 Columbus Avenue New York,NY10023 75-2229149	Recruitment Services	TX	College Board	C Corp	146,335	1,456,362	100.000 %
(2) MyRoad 45 Columbus Avenue New York,NY10023 30-0210217	Guidance Services	DE	College Board	C Corp	169,355	291,656	100.000 %

Schedule R (Form 990) 2011

Page 3

Part V

Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)

Note. Complete line 1 if any entity is listed in Parts II, III or IV.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .

b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .

k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .

Yes

l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .

m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .

n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

r Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of other organization	(b) Transaction type(a-r)	(d) Method of determining amount involved
(1) Not applicable	o	not applicable
(1)
(2)
(3)
(4)
(5)
(6)

Schedule R (Form 990) 2011

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2011

Page 5

Part VII

Supplemental Information

Complete this part to provide additional information for responses to questions on Schedule R (see instructions).

Identifier	Return Reference	Explanation

Additional Data

Software ID:	11000218
Software Version:	2011.0.0

1	Briefly describe the organization’s mission or most significant activities: We connect students to college success and opportunity by providing programs and services in college readiness connection, guidance, assessments, financial aid and educational advocacy for more than 7 million students and 5,900 members.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a).....	3	31
4	Number of independent voting members of the governing body (Part VI, line 1b) ....	4	30
5	Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...	5	1,579
6	Total number of volunteers (estimate if necessary) ....	6	443
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ..	7a	-271,808
b	Net unrelated business taxable income from Form 990-T, line 34 ..	7b	-271,808

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	9,834,117	9,164,547
9	Program service revenue (Part VIII, line 2g) .........	695,644,846	737,198,960
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	15,171,445	12,621,907
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)		0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	720,650,408	758,985,414
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	1,264,696	1,669,703
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	171,841,675	191,166,119
16a	Professional fundraising fees (Part IX, column (A), line 11e).....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 961,063
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f)....	475,868,892	520,919,758
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	648,975,263	713,755,580
19	Revenue less expenses. Subtract line 18 from line 12.......	71,675,145	45,229,834
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	738,780,455	766,895,359
21	Total liabilities (Part X, line 26).............	148,295,377	157,631,290
22	Net assets or fund balances. Subtract line 21 from line 20.....	590,485,078	609,264,069

Sign Here

	Signature of officer	Date

	Type or print name and title.


4a	(Code: ) (Expenses $ 257,788,047 including grants of $ 7,260 ) (Revenue $ 366,162,607 )
	COLLEGE READINESS Advanced Placement program AP enables high school students to earn college credit or advanced placement more than 3.7 million exams taken - discounts of 20 million given. The PSAT/NMSQT measures the critical reading, math and writing skills that students need for success in college it is given in more than 22,000 schools- more than 2 million in fee waivers provided. Publications include The College Handbook, Scholarship Handbook, Book of Majors, Getting Financial Aid, and the College Counseling Sourcebook. SpringBoard is a Pre-AP program for grades 6-12. ReadiStep is a tool to help teachers guide middle school students. College Board Schools help middle and high school students in low-income and minority communities prepare for success in college. Please refer to Schedule O for more information.

4b	(Code: ) (Expenses $ 299,255,712 including grants of $ 570,289 ) (Revenue $ 344,527,796 )
	COLLEGE CONNECTION SUCCESS SYSTEMS SAT, the nations premier college admission test, was developed as a tool to democratize access to college for all students. The SAT is used by the vast majority of four-year colleges. Nearly 1.66 million students in the class of 2012 took the SAT, and minority students comprised 45 of test-takers. The College Board provided 45 million in fee waivers to nearly 22 of SAT test takers in the class of 2012. The College Board helps colleges and universities to find students for their campuses and to allocate the financial aid effectively and efficiently. The College Board website provided high quality information about more than 3900 colleges and universities to more than 64.3 million visitors. Please refer to Schedule O for more information.

4c	(Code: ) (Expenses $ 54,871,672 including grants of $ 1,092,154 ) (Revenue $ 26,508,557 )
	Research, Data and Analysis Advocacy.......................................................................................... Membership........................................................................................ Other............................................................................................. Please refer to Schedule O for additional information.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses$ 611,915,431

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	9,004,746	1,046,661

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512, 513, or 514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e		3,253,067

f	All other contributions, gifts, grants, and similar amounts not included above1f		5,911,480
g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......			9,164,547
			Business Code
2a	College Readiness		611,710	366,162,607	366,162,607
b	College Connection/Success		611,710	344,527,796	344,527,796
c	Puerto Rico Latin America		611,710	11,732,426	11,732,426
d	Other Services		611,710	14,776,131	14,776,131
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			737,198,960
3	Investment income (including dividends, interest
	and other similar amounts).....			7,414,753		-271,808	7,686,561
4	Income from investment of tax-exempt bond proceeds..
5	Royalties............
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	20,853,042	8,445,340
b	Less: cost or other basis and sales expenses	16,678,097	7,413,131
c	Gain or (loss)	4,174,945	1,032,209
d	Net gain or (loss)..........			5,207,154			5,207,154
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions....			758,985,414	737,198,960	-271,808	12,893,715


				(A) Beginning of year		(B) End of year
1	Cashnon-interest-bearing ..........			11,289,190	1	9,610,241
2	Savings and temporary cash investments .......			147,679,391	2	115,571,433
3	Pledges and grants receivable, net .........			6,787,159	3	4,339,931
4	Accounts receivable, net .........			103,669,234	4	116,936,933
5	Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
	Schedule L ..........				5
6	Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
	Schedule L ..........				6
7	Notes and loans receivable, net .............			5,931,428	7	6,110,998
8	Inventories for sale or use ..............				8
9	Prepaid expenses and deferred charges ............			7,162,108	9	8,694,123
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	116,912,959
b	Less: accumulated depreciation. .....	10b	50,202,794	67,799,164	10c	66,710,165
11	Investments—publicly traded securities ..........			227,351,834	11	262,641,565
12	Investments—other securities. See Part IV, line 11 ......			158,019,496	12	172,353,264
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets .........				14
15	Other assets. See Part IV, line 11 ...........			3,091,451	15	3,926,706
16	Total assets. Add lines 1 through 15 (must equal line 34)...			738,780,455	16	766,895,359
17	Accounts payable and accrued expenses .			75,999,452	17	65,674,624
18	Grants payable ..........				18
19	Deferred revenue ..........			29,552,723	19	38,542,323
20	Tax-exempt bond liabilities ..........				20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..				21
22	Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........				22
23	Secured mortgages and notes payable to unrelated third parties ..				23
24	Unsecured notes and loans payable to unrelated third parties ....				24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.....			42,743,202	25	53,414,343
26	Total liabilities. Add lines 17 through 25.....			148,295,377	26	157,631,290
	Organizations that follow SFAS 117, check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets .....			576,811,505	27	603,952,185
28	Temporarily restricted net assets .....			13,673,573	28	5,311,884
29	Permanently restricted net assets .....				29
	Organizations that do not follow SFAS 117, check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....				30
31	Paid-in or capital surplus, or land, building or equipment fund .....				31
32	Retained earnings, endowment, accumulated income, or other funds				32
33	Total net assets or fund balances .....			590,485,078	33	609,264,069
34	Total liabilities and net assets/fund balances .....			738,780,455	34	766,895,359

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................	Yes	No