2025-05-02T15:47:09-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-07-01 872848964 ATLAS FELLOWS INC ATLA 9132058849 444 W LAKE STREET 50TH FLOOR CHICAGO IL 60606 PHOEBE ANDERSON EXECUTIVE DIRECTOR 9132058849 2025-02-28 1 1 ANDREW SMITH CPA P01518894 3096714500 2025-02-28 2023 2025-03-06 01:10:19Z PHOEBE ANDERSON 444 W LAKE STREET 50TH FLOOR CHICAGO IL 60606 1889224 0 X ATLASFELLOWS.ORG X 2021 DE ATLAS TRANSFORMS THE FINANCE SECTOR BY OPENING DOORS FOR BRILLIANT AND UNDER-RESOURCED YOUNG PEOPLE TO ACCESS LIFE CHANGING CAREERS IN FINANCE. 4 4 4 60 0 0 452000 1886005 0 0 0 3032 0 187 452000 1889224 0 1063401 0 0 239136 664050 0 0 50513 134574 343758 373710 2071209 78290 -181985 393472 199869 16219 4601 377253 195268 X WE TRANSFORM FINANCE BY OPENING DOORS FOR BRILLIANT AND UNDER-RESOURCED YOUNG PEOPLE TO ACCESS LIFE-CHANGING CAREERS. 0 0 1748088 1063401 187 FOUNDED IN 2021, ATLAS FELLOWS INC. ("ATLAS FELLOWS OR "ATLAS") AIMS TO TRANSFORM THE FINANCIAL SECTOR BY MAKING LIFE-CHANGING CAREERS IN THE FINANCIAL INDUSTRY ACCESSIBLE TO TALENTED YOUNG ADULTS FROM A VARIETY OF DIVERSE AND UNDER-RESOURCED BACKGROUNDS. IN FACT, 77% FELLOWS ARE FIRST-GENERATION COLLEGE STUDENTS, 89% IDENTIFY AS NON-WHITE, AND 59% ARE WOMEN-IDENTIFYING.ATLAS FELLOWS IS THE ONLY NONPROFIT ORGANIZATION FOCUSED ON IDENTIFYING TALENT AT AN EARLY ENTRY POINT AND DEVELOPING YOUNG PEOPLE FOR A CAREER IN FINANCIAL SERVICES. ATLAS RECRUITS UNDER-RESOURCED HIGH SCHOOL STUDENTS FROM CHICAGO AND NEW YORK CITY AND PROVIDES THEM WITH FOUR YEARS OF ROBUST FINANCIAL, ACADEMIC AND PROFESSIONAL SUPPORT THROUGH ATLAS'S FOUR SHIPS:- SCHOLARSHIP: UP TO $20,000/YEAR IN FINANCIAL AID - INTERNSHIP: FOUR YEARS OF ACCESS TO OPPORTUNITIES FOR SUMMER INTERNSHIPS AT PRESTIGIOUS FINANCIAL INSTITUTIONS- MENTORSHIP: ACCESS TO THE KNOWLEDGE, GUIDANCE, AND NETWORKS OF TALENTED, EXPERIENCED, AND COMMITTED PROFESSIONALS - MEMBERSHIP: INDUCTION INTO A CLOSE-KNIT, SUPPORT COMMUNITY OF CURRENT ATLAS FELLOWS AND FUTURE ALUMNIDURING THE 2023-2024 SCHOOL YEAR, ATLAS SERVED MORE THAN 100 FELLOWS, INCLUDING 15 RISING COLLEGE SENIORS. ONE HUNDRED PERCENT OF THOSE FELLOWS WHO WERE ELIGIBLE RECEIVED FULL TIME RETURN OFFERS. BY MAKING CAREERS IN THE FINANCIAL INDUSTRY ACCESSIBLE TO TALENTED YOUNG ADULTS FROM A VARIETY OF DIVERSE AND UNDER-RESOURCED BACKGROUNDS, ATLAS IS CHANGING THE FACE OF FINANCE. IN THE WORDS OF ONE FELLOW, THROUGH ATLAS, I'VE BEEN ABLE TO EXPOSE MYSELF TO AN EXPERIENCE UNLIKE ANY OTHER. BEING ABLE TO EMERGE IN SUCH A COMPETITIVE FIELD THIS EARLY, AND TO DO SO WITH A SUPPORTIVE COMMUNITY, IS EMPOWERING. THE DOORS THAT ATLAS OPENSAND CONTINUES TO OPENFOR UNDER-RESOURCED SCHOLARS ARE ENDLESS. 1748088 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 1 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 IL X X PHOEBE ANDERSON 9132058849 444 W LAKE STREET 50TH FLOOR CHICAGO IL 60606 DMITRY BALYASNY PRESIDENT 1.00 X X 0 0 0 KRYSTLE BLACK TREASURER 1.00 X X 0 0 0 PHOEBE ANDERSON SECRETARY/EXECUTIVE DIRECTOR 40.00 X X 231814 0 33596 REBECCA BALYASNY BOARD DIRECTOR 1.00 X 0 0 0 EMIL KIM MANAGING DIRECTOR OF PROGRAMS 40.00 X 138397 0 31848 370211 0 65444 2 0 1 0 0 1800000 86005 1886005 3032 3032 MISCELLANEOUS 900099 187 187 187 1889224 187 0 3032 X 1063401 1063401 278232 194762 41735 41735 302750 274625 23438 4687 10027 9277 625 125 28757 26908 1510 339 44284 36001 5696 2587 7211 7211 48031 48031 65277 30287 34990 24915 24915 1581 1581 80605 74757 4895 953 87 87 10042 10042 4000 4000 RECRUITING 60418 60418 PROGRAM EVENTS 30243 30243 SUPPLIES 9839 6246 3593 BANK CHARGES 785 785 724 724 2071209 1748088 272608 50513 351958 107968 3032 35000 3893 141 65646 11918 37621 53728 393472 199869 16219 4601 16219 4601 X 377253 195268 377253 195268 393472 199869 -181985 0 X 0 1 X 0 0 X 300100 452000 1886005 2638105 300100 452000 1886005 2638105 2447174 190931 3032 3032 187 187 2641324 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2023 AMOUNT: $ 187. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65646 11918 53728 53728 1908515 19291 19291 1889224 0 1889224 2090500 19291 19291 2071209 0 2071209 1 SCHOLARSHIPS 69 1063401 PART I, LINE 2: THE ATLAS SCHOLARSHIP IS A LAST-DOLLAR SCHOLARSHIP DETERMINED THROUGH CONSIDERATION OF STUDENTS' OTHER INSTITUTIONAL AND NON-INSTITUTIONAL GIFT AID. THE DETERMINATION AND DISBURSEMENT OF EACH STUDENT'S AWARD FUNDS OCCURS AFTER ATLAS CONFIRMS FINANCIAL AID AND ENROLLMENT VERIFICATION THROUGH OFFICIAL DOCUMENTATION FROM THE STUDENT'S COLLEGE OR UNIVERSITY. DISTRIBUTION OF AWARDS IS DONE THROUGH THE ILLINOIS BRIGHT START COLLEGE SAVINGS 529 PLAN. AWARD FUNDS ARE FIRST ALLOCATED TO ATLAS'S ORGANIZATION-OWNED 529 ACCOUNT. FROM THERE, FUNDS ARE TRANSFERRED TO EACH STUDENT'S INDIVIDUALIZED 529 PLAN WHICH THEY MANAGE AFTER A MANDATORY TRAINING LED IN CONJUNCTION BY ATLAS AND BRIGHT START TO DEFINE ALLOWABLE EDUCATIONAL EXPENSES. AWARD FUNDS ARE TRANSFERRED VIA LETTERS SENT BY USPS MAIL, SIGNED BY ATLAS'S EXECUTIVE DIRECTOR AND A NOTARY PUBLIC. X X 0 0 0 0 0 0 0 0 0 PHOEBE ANDERSON SECRETARY/EXECUTIVE DIRECTOR 231814 0 0 0 0 0 15833 0 17763 0 265410 0 0 0 EMIL KIM MANAGING DIRECTOR OF PROGRAMS 138397 0 0 0 0 0 14140 0 17708 0 170245 0 0 0 PART I, LINE 3 ATLAS CONSULTS 990 FORMS OF ORGANIZATIONS WITH SIMILAR MISSION AND PROGRAMMING TO DETERMINE A RANGE OF COMPENSATION FOR LEADERSHIP. THAT RANGE IS TAKEN INTO CONSIDERATION ALONG WITH ATLAS'S SIZE AND SCOPE WHEN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION WHICH IS ULTIMATELY APPROVED BY THE BOARD PRESIDENT. BALYASNY ASSET MANAGEMENTDMITRY BA PRESIDENT OF BOARD IS MANAGING PARTNER & CHIEF INVESTING OFFICER 19291 IN-KIND OFFICE SPACE DONATED TO THE ORGANIZATION. 0 FORM 990, PART VI, SECTION A, LINE 2 REBECCA BALYASNY AND DMITRY BALYASNY ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZED AS A DELAWARE NON-STOCK CORPORATION, THE ORGANIZATION HAS ONE CLASS OF MEMBERS. THESE MEMBERS HAVE THE ABILITY TO VOTE ON THE ELECTION AND REMOVAL OF THE ORGANIZATION'S MEMBERS AND DIRECTORS, AMONG OTHER RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A DURING THE YEAR, THE ORGANIZATION HAD ONE CLASS OF MEMBERS. THIS CLASS CONSISTED OF TWO INDIVIDUALS, ONE THAT WAS ALSO A MEMBER OF THE GOVERNING BODY. PER THE BY-LAWS, BOTH OF THESE MEMBERS WERE ENTITLED TO A VOTE ON THE ELECTION AND REMOVAL OF THE ORGANIZATION'S MEMBERS AND DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO LEGAL COUNSEL AND THE EXECUTIVE DIRECTOR FOR INITIAL REVIEW AND THEN SUBMITTED TO THE FINANCE COMMITTEE CHAIR FOR APPROVAL. ONCE APPROVED, A COMPLETE COPY OF FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR WHO IS DIRECTLY OR INDIRECTLY A PARTY TO A TRANSACTION WITH THE CORPORATION (AN "INTERESTED DIRECTOR") SHALL DISCLOSE THE MATERIAL FACTS OF THE TRANSACTION AND HIS OR HER INTEREST IN OR RELATIONSHIP TO SUCH TRANSACTION TO THE BOARD OF DIRECTORS AND TO ANY COMMITTEE OF THE BOARD CONSIDERING SUCH TRANSACTION PRIOR TO ANY ACTION BY THE BOARD OR SUCH COMMITTEE TO AUTHORIZE, APPROVE OR RATIFY SUCH RANSACTION. A DIRECTOR IS "INDIRECTLY" A PARTY TO A TRANSACTION IF THE ENTITY WHICH IS A PARTY IS AN ENTITY IN WHICH THE DIRECTOR HAS A MATERIAL FINANCIAL INTEREST OR OF WHICH THE DIRECTOR IS AN OFFICER, DIRECTOR OR GENERAL PARTNER. THE TRANSACTION SHALL BE APPROVED IN GOOD FAITH BY THE BOARD OR COMMITTEE OF THE BOARD BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DISINTERESTED DIRECTORS. THE PRESENCE OF THE INTERESTED DIRECTOR OR OF A DIRECTOR WHO IS OTHERWISE NOT DISINTERESTED MAY BE COU. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE WEBSITE AND UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,628. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,628. CONSULTING: PROGRAM SERVICE EXPENSES 29,527. MANAGEMENT AND GENERAL EXPENSES 31,362. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,889. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 760. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 760. FORM 990, PART IX, LINE 24E TAXES AND LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 422. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 422. POSTAGE & SHIPPING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 252. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 252. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 50. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50.