Civic Intelligence

Atlas Fellows

990 • Fiscal year 2022 • EIN 87-2848964

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 16, 2023

444 W Lake Street 50th FloorChicago, IL 60606

(913) 205-8849

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$298,963

No earlier filing loaded for comparison.

Net Assets

$298,963

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$300,100

No earlier filing loaded for comparison.

Expenses

$1,137

No earlier filing loaded for comparison.

Net Income

$298,963

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2022: $298,963Liabilities 2022: $0Net Assets 2022: $298,9632022Assets 2023: $393,472Liabilities 2023: $16,219Net Assets 2023: $377,2532023Assets 2024: $199,869Liabilities 2024: $4,601Net Assets 2024: $195,2682024

Highlighted filing

2022

Assets$298,963
Liabilities$0
Net Assets$298,963

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2022: $300,100Expenses 2022: $1,137Net Income 2022: $298,9632022Revenue 2023: $452,000Expenses 2023: $373,710Net Income 2023: $78,2902023Revenue 2024: $1,889,224Expenses 2024: $2,071,209Net Income 2024: -$181,9852024

Highlighted filing

2022

Revenue$300,100
Expenses$1,137
Net Income$298,963
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 16, 2023
Return Version
2021v4.2
Gross Receipts
$300,100
Mission and Program Overview

Mission

We transform finance by opening doors for brilliant and under-resourced young people to access life-changing careers.

Atlas transforms the finance sector by opening doors for brilliant and under-resourced young people to access life changing careers in finance

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$298,963▲ $298,963
Total Assets$0$298,963▲ $298,963
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$298,963-
Total Net Assets Fund Balance$0$298,963▲ $298,963
Total Liabilities and Net Assets / Fund Balance$0$298,963▲ $298,963
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dmitry BalyasnyPresident
Phoebe AndersonSecretary/executive Director
Krystle BlackTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$300,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$300,100
Change in Net Assets
$298,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,137
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$1,102-$1,102
Office Expenses-$35-$35
Total Functional Expenses$0$1,137$0$1,137
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Dmitry balyasny and phoebe anderson - business relationship

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 ceo 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 transaction. 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 counted in determining whether a quorum of the board of directors or a committee of the board is present, but may not be counted when action is taken on the transaction.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public on the website and upon request.

Filing and Contact Details

Filer

Filer Name
Atlas Fellows Inc
EIN
87-2848964
Phone
9132058849
Address
444 W LAKE STREET 50TH FLOOR, CHICAGO, IL 60606

Signing Officer

Name
Phoebe Anderson
Title
Secretary/executive Director
Phone
9132058849
Signed
2023-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phoebe Anderson
Formed
2021
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
47

Preparer

Firm
Ostrow Reisin Berk & Abrams Ltd
Address
455 N CITYFRONT PLAZA DR SUITE 1500, CHICAGO, IL 60611
Preparer
James G Quaid
Phone
3126707444
Raw XML Appendix298 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GrantsToIndividualsInd00
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IRS990/ProgSrvcAccomActy2Grp/Desc0INTERNSHIPS: FOUR YEARS OF PAID, FULL-TIME SUMMER INTERNSHIPS AT PRESTIGIOUS FINANCIAL INSTITUTIONS INCLUDING INVESTMENT BANKS, ASSET MANAGEMENT FIRMS AND CAPITAL MARKETS. OPPORTUNITIES RANGE FROM THE SELL SIDE TO THE BUY SIDE AND THE FRONT OFFICE TO THE BACK OFFICE.
IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBERSHIP: INDUCTION INTO CLOSE-KNIT, SUPPORTIVE COMMUNITY OF CURRENT ATLAS FELLOWS AND ALUMNI.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THIS COLUMN REPRESENTS ACTIVITY FOR THE INITIAL SHORT-YEAR PERIOD FROM SEPTEMBER 1, 2021 TO JUNE 30, 2022.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, SECTION A, COLUMN 2021:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DMITRY BALYASNY AND PHOEBE ANDERSON - BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZED 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF FORM 990 IS PROVIDED TO LEGAL COUNSEL AND THE CEO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A 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 TRANSACTION. 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 COUNTED IN DETERMINING WHETHER A QUORUM OF THE BOARD OF DIRECTORS OR A COMMITTEE OF THE BOARD IS PRESENT, BUT MAY NOT BE COUNTED WHEN ACTION IS TAKEN ON THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060606
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362938874
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OSTROW REISIN BERK & ABRAMS LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0455 N CITYFRONT PLAZA DR SUITE 1500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060611
ReturnHeader/PreparerPersonGrp/PhoneNum03126707444
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES G QUAID
ReturnHeader/ReturnTs02023-02-27T22:58:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHOEBE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ANDERSON
ReturnHeader/TaxPeriodBeginDt02021-09-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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