A week after her brother Andrew Cuomo was elected governor of New York, Dr. Margaret Cuomo was victorious in her multi-year struggle to have the College Board reinstate the Italian AP Exam, the “Wall Street Journal” reported.

In the four years that the Italian AP exam was previously offered, it fell short of the College Board’s target of 5,000 test takers per year, and as a result, it ran losses of $1.5 million per year.  Echoing their 2003 contribution of $300,000 to get the College Board to initiate the Italian AP exam in the first place,  the Italian government has once again stepped up, this time agreeing to pay the College Board half the cost to have the exam reinstated, provided the other half would be covered by Italian heritage groups, the Journal reported.

Since I blogged about the Italian AP exam back in May of this year, the College Board, which is a not-for-profit organization, has reported improved financial results. For the fiscal year ended 6/30/2009, the College Board’s revenue exceeding expenses by $53 million, with revenue of $623 million, and expenses of $570 million.  For the fiscal year ended 6/30/2008, revenue exceeded expense by $39 million.