National Math & Science Initiative Inc

EIN 11-3769438 • 501(c)3 • Houston, TX

Profile

Nmsi's mission is to advance stem education to ensure all students, especially those furthest from opportunity, thrive and reach their highest potential as problem solvers and lifelong learners who pursue their passions and tackle the world's toughest challenges.

3120 Southwest Fwy 101 PMB 56097Houston, TX 77098

www.nms.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

0.02x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

0.04x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

-26%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

No value available

No filing with officer rows is available for this organization yet.

-11%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

-52%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet

Liabilities / Assets18th percentile

Assets

Down

$25,056,130

Down $3,250,149 (-11%) from 2023

Liabilities

Down

$503,869

Down $629,535 (-56%) from 2023

Net Assets

Down

$24,552,261

Down $2,620,614 (-9.6%) from 2023

Operations

Liabilities / Revenue13th percentile Net Margin9th percentile

Revenue

Down

$13,308,992

Down $14,510,683 (-52%) from 2023

Expenses

Down

$16,817,650

Down $5,267,962 (-24%) from 2023

Net Income

Down

-$3,508,658

Down $9,242,721 (-161%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

Highlighted filing

2024

Assets$25,056,130

Liabilities$503,869

Net Assets$24,552,261

Open 2024 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

Highlighted filing

2024

Revenue$13,308,992

Expenses$16,817,650

Net Income-$3,508,658

Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $25,056,130
Liabilities: $503,869
Net assets: $24,552,261
Revenue: $13,308,992
Expenses: $16,817,650
Net income: -$3,508,658

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$25.1	$0.50	$24.6	$13.3	$16.8	$3.51
2023Detailed filing. Detailed filing data is available for this year.	$28.3	$1.13	$27.2	$27.8	$22.1	$5.73
2022Detailed filing. Detailed filing data is available for this year.	$22.5	$1.87	$20.6	$17.5	$21.5	$3.96
2021Detailed filing. Detailed filing data is available for this year.	$26.2	$1.78	$24.4	$26.0	$27.2	$1.16
2020Detailed filing. Detailed filing data is available for this year.	$29.2	$3.65	$25.6	$32.9	$36.7	$3.74
2019Detailed filing. Detailed filing data is available for this year.	$32.0	$2.72	$29.3	$40.6	$45.2	$4.58
2018Detailed filing. Detailed filing data is available for this year.	$37.5	$3.96	$33.6	$35.2	$46.1	$10.9
2017Detailed filing. Detailed filing data is available for this year.	$48.1	$3.92	$44.1	$36.2	$41.1	$4.89
2016Detailed filing. Detailed filing data is available for this year.	$51.7	$2.80	$48.9	$39.3	$36.5	$2.79
2015Detailed filing. Detailed filing data is available for this year.	$49.7	$3.64	$46.1	$53.1	$35.1	$18.1
2014Detailed filing. Detailed filing data is available for this year.	$30.8	$2.81	$28.0	$38.1	$30.8	$7.24
2013Detailed filing. Detailed filing data is available for this year.	$23.2	$2.41	$20.8	$55.8	$49.0	$6.85
2012Summary only. Only limited summary data is available for this year.	$18.0	$4.05	$13.9	$34.7	$39.5	$4.77
2011Summary only. Only limited summary data is available for this year.	$11.2	$7.95	$3.30	$32.7	$33.2	$0.46

Latest Filing Detail

Jump To

Filing Snapshot

Filing Period: Jan 1, 2024 to Dec 31, 2024
Signed: Sep 30, 2025
Return Version: 2024v5.1
Gross Receipts: $13,308,992

Mission and Program Overview

Mission

THE MISSION OF National Math & Science Initiative Inc (NMSI) IS TO SIGNIFICANTLY IMPROVE STUDENT OPPORTUNITIES AND ACHIEVEMENT BY ADVANCING STEM TEACHING AND LEARNING.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Investments in Publicly Traded Securities	$23,055,809	$22,827,848	▼ $227,961
Accounts Receivable	$796,354	$927,557	▲ $131,203
Cash and Non-Interest-Bearing Accounts	$2,502,614	$628,703	▼ $1,873,911
Pledges and Grants Receivable	$827,139	$367,462	▼ $459,677
Prepaid Expenses and Deferred Charges	$300,641	$304,560	▲ $3,919
Savings and Temporary Cash Investments	$0	$0	→ $0
Other Notes and Loans Receivable, Net	$0	$0	→ $0
Receivable From Disqualified Prsn	$0	$0	→ $0
Receivables From Officers Etc	$0	$0	→ $0
Investments Other Securities	$0	-	-
Investments Program Related	$0	-	-
Land, Buildings, and Equipment, Net	$0	$0	→ $0
Pd in Cap Srpls Land Bldg Eqp Fund	$0	$0	→ $0
Rtn Earn Endowment Incm Other Fnds	$0	$0	→ $0
Cap Stk Tr Prin Current Funds	$0	$0	→ $0
Intangible Assets	$0	$0	→ $0
Inventories for Sale or Use	$0	$0	→ $0
Loans From Officers Directors	$0	$0	→ $0
Total Assets	$28,306,279	$25,056,130	▼ $3,250,149
Other Assets Total	$823,722	$0	▼ $823,722
Liabilities
Accounts Payable and Accrued Expenses	$1,043,052	$488,402	▼ $554,650
Deferred Revenue	$81,837	$15,467	▼ $66,370
Grants Payable	$8,515	-	-
Mortgage Notes Payable Secured by Investment Property	$0	$0	→ $0
Unsecured Notes Loans Payable	$0	$0	→ $0
Other Liabilities	$0	$0	→ $0
Escrow Account Liability	$0	$0	→ $0
Tax Exempt Bond Liabilities	$0	$0	→ $0
Total Liabilities	$1,133,404	$503,869	▼ $629,535
Net Assets / Fund Balance
Net Assets With Donor Restrictions	$16,442,478	$13,593,446	▼ $2,849,032
Net Assets Without Donor Restrictions	$10,730,397	$10,958,815	▲ $228,418
Total Net Assets Fund Balance	$27,172,875	$24,552,261	▼ $2,620,614
Total Liabilities and Net Assets / Fund Balance	$28,306,279	$25,056,130	▼ $3,250,149

Asset Categories

Asset	Book Value	Depreciation	Basis
Leasehold Improvements	$0	$418,365	$418,365
Equipment	$0	$260,104	$260,104

Compensation and Service Providers

Top Officer PayScore unavailable

Employees

Name	Title	Full / Part Time	Base	Other	Total
Jeremy Anderson	CEO	FT	$406,034	$54,718	$460,752
Stacy Miles	President	FT	$327,883	$52,732	$380,615
Paul Duchene	COO	FT	$252,379	$29,683	$282,062
Lindsey Stringer	VP of Technology Business Operations	FT	$203,568	$41,470	$245,038
Thomas Lawson	VP of Business Development	FT	$193,714	$24,751	$218,465
Michelle Stie-buckles	VP of Program Design & Innovation	FT	$176,707	$34,913	$211,620
Nichole Austion	VP of Public Affairs	FT	$175,919	$35,587	$211,506
Ashleigh Thomas	VP of Program Success	FT	$177,130	$18,770	$195,900

Board Members and Trustees

Name	Title
Dr Shirley Malcom	Chair
Mary Ann Rankin	Vice Chair
Carlos Romero	Director
David Chavez	Director
Devang Soni	Director
Phil Sprick	Director
Ron Ottinger	Director
Tom Finke	Director
Susan Sclafani	Secretary
Pete Mooney	Treasurer

Highest Paid Contractors

Contractor	Services	Location	Compensation
Prolocity Cloud Solutions	Consulting	PO Box 360, Burlington, KY 41005	$568,035
Creative Circle	Professional Services	PO Box 74008799, Chicago, IL 60674-8799	$349,781
West Coast Analytics	Research	306 W 7TH STREET STE 612, Fort Worth, TX 76102	$236,200
Finn Partners Inc	Consulting	1675 Broadway 10th Floor, New York, NY 10019	$201,800
Centre Technologies	Professional Services	PO BOX 679069, Dallas, TX 75267-9069	$184,010

Revenue and Support

Revenue Composition

Contributions and Grants: $11,526,238
Program Service Revenue: $1,474,119
Investment Income: $308,635
Other Revenue: $0
All Other Contributions: $6,381,901
Change in Net Assets: $-3,508,658

Audited Revenue Reconciliation

Revenue per Audited Statements: $13,308,992
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $888,044
Other Revenue Adjustments: $0
Total Revenue per Audited Statements: $14,197,036
Total Revenue per Form 990: $13,308,992

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Salaries, Compensation, and Employee Benefits	$10,705,949
Other Expenses	$6,111,701
Total Fundraising Expense	$1,881,449
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Other Salaries and Wages	$5,545,586	$1,405,054	$1,112,677	$8,063,317
Fees for Services Other	$627,482	$330,809	$181,636	$1,139,927
Current Officers, Directors, Trustees, and Key Employees	$417,922	$488,669	$216,838	$1,123,429
Other Expenses	$805,258	$0	$0	$805,258
Payroll Taxes	$391,437	$134,794	$95,694	$621,925
Other Employee Benefits	$378,818	$107,155	$85,095	$571,068
Travel	$260,080	$201,673	$24,553	$486,306
Office Expenses	$283,713	$144,480	$28,719	$456,912
Information Technology	$318,186	$55,261	$41,368	$414,815
Pension Plan Contributions	$218,396	$59,619	$48,195	$326,210
Insurance	$40,814	$103,161	$12,667	$156,642
Fees for Services Accounting	$76,532	$19,229	$11,728	$107,489
Occupancy	$49,221	$25,422	$15,506	$90,149
Conferences and Meetings	$4,136	$22,116	$6,773	$33,025
Fees for Services Legal	$9,963	$18,625	-	$28,588
Advertising	$0	$11,550	$0	$11,550
Total Functional Expenses	$11,808,584	$3,127,617	$1,881,449	$16,817,650

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$16,817,650
Total Expenses per Audited Statements	$16,817,650
Total Expenses per Form 990	$16,817,650
Expenses Not Reported on Financial Statements	$0
Expenses Not Reported on Form 990	$0
Other Expense Adjustments	$0

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Fundraising Direct Expenses	$0
Fundraising Gross Income	$0
Gaming Direct Expenses	$0
Gaming Gross Income	$0
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Insider Transactions and Loans

Loans and Receivables

Line Item	Beginning	End	Change
Loans from Officers, Directors, Trustees, and Key Employees	$0	$0	→ $0
Receivables from Disqualified Persons	$0	$0	→ $0
Receivables from Officers, Directors, Trustees, and Key Employees	$0	$0	→ $0

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: Yes
Backup withholding compliance: 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: Yes
Compensation from other sources disclosed: No
CEO compensation reviewed: Yes
Other officer compensation reviewed: Yes
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, Line 4 Significant changes to organizational documents

“The organization amended and restated the certificate of formation in 2024. The organization also amended the bylaws in 2024.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The organization engages a paid preparer experienced in the preparation of form 990 to prepare the form. Once the 990 is completed in draft form, it is reviewed by national math and science initiative's ceo and coo. The draft form 990 is then presented to the full board of directors for their review and approval prior to filing.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Nmsi's conflict of interest policy requires all staff, including officers, directors, key employees, and highest compensated employees, to sign and return an annual compliance statement disclosing any conflict. Upon disclosure of a potential conflict of interest, nmsi will take appropriate steps to protect against any actual or potential conflict. These steps include, but are not limited to, requiring refrainment from being involved in any decision made by nmsi regarding its dealings with the conflicted person, business or enterprise.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“The organization uses salary data from published compensation records of nonprofit organizations to determine the appropriate compensation for the CEO. In 2024, the independent Board of Directors and the Board Chairperson approved the CEO's compensation based on the salary data and organizational salary structure.”

Form 990, Part VI, Line 15B Process to establish compensation of other employees

“IN 2024, OTHER OFFICER'S COMPENSATION WAS APPROVED BY THE CHAIR OF THE BOARD AND THE Independent BOARD OF DIRECTORS BASED ON SALARY DATA AND ORGANIZATIONAL SALARY STRUCTURE. THE COMPENSATION OF THE PRESIDENT, COO AND CFO ARE REVIEWED EVERY 1-2 YEARS. THE PRESIDENT, COO AND CFO COMPENSATION WAS LAST REVIEWED IN 2022.”

Form 990, Part VI, Line 19 Required documents available to the public

“Nmsi makes its governing documents, conflicts of interest policy, and finanical statements available to the public upon request.”

Form 990, Part VIII, Line 2F Other Program Service Revenue

“- Total Revenue: 862, Related or Exempt Function Revenue: 862, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

Filing and Contact Details

Filer

Filer Name: National Math & Science Initiative Inc
EIN: 11-3769438
Phone: 2143461240
Address: 3120 Southwest Fwy 101 PMB 56097, Houston, TX 77098

Signing Officer

Name: Paul Duchene
Title: COO
Phone: 2143461242
Signed: 2025-09-30
Discuss with paid preparer: Yes

Organization Details

Formed: 2006
Legal Domicile: TX
Voting Board Members: 9
Independent Board Members: 9
Employees: 220
Volunteers: 13

Preparer

Firm: Forvis Mazars LLP
Address: 14221 Dallas Parkway Suite 400, Dallas, TX 75254
Preparer: Andrew Gray
Phone: 9727028262

Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A-4C Description of program services

“(Expenses $ 197,365 including grants of $)(Revenue $ 0) NMSI'S TEACHER PATHWAYS PROGRAM TRANSFORMS THE WAY UNIVERSITIES PREPARE TEACHERS. DEVELOPED AT THE UNIVERSITY OF TEXAS AT AUSTIN TO TRANSFORM THE WAY COLLEGES AND UNIVERSITIES RECRUIT, PREPARE, AND INSPIRE NEW MATH AND SCIENCE TEACHERS, THIS PROGRAM RECRUITS MATH AND SCIENCE UNDERGRADUATE MAJORS TO PURSUE A TEACHING CAREER.”

Financial Statement Notes

Schedule D, Part X, Line 2 ASC 740 Footnote

“Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

Raw XML AppendixShowing 400 of 961 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/Form990PartVIISectionAGrp/PersonNm	13	Ashleigh Thomas
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IRS990/Form990PartVIISectionAGrp/TitleTxt	5	DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt	14	VP of Technology Business Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt	15	VP of Program Design & Innovation
IRS990/Form990PartVIISectionAGrp/TitleTxt	16	VP of Public Affairs
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