<p>It might surprise you to know that the College Board, founded in 1900 as the College Entrance Examination Board (CEEB) is a non-profit corporation. </p>
<p>According to melissadata.org’s Nonprofit Organization Lookup, the CEEB (assets of $565,645,809 / income of $732,963,472) has been tax-exempt since June 1942. CEEB’s subsidiary, CollegeBoard.com, Inc. (assets of $2,013,123 / income of $6,545,301) has been tax-exempt since November 2003. The really interesting tidbit I came across while researching CEEB, is that its stated primary and secondary “activities” pertain to medical (disease) research and unspecified industrial research. “Other school related activities” follows at #3. So, it appears that SAT-related and other fees paid by college-bound students are used to fund CEEB-conducted, contracted, and/or sponsored scientific research. </p>
<p>That’s money well-spent, I’d say.</p>