Math for America Inc.

“Math for america's form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of trustees for discussion and comment at a board meeting. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the internal revenue service.”

“In recognition of the increased disclosure requirements of the new form 990, math for america instituted a conflict of interest policy organization-wide that was communicated to all employees. Math for america requested that all employees (especially officers, directors and trustees) comply with the requirements of the conflict of interest policy and disclose immediately any potential conflicts. Additionally, math for america distributed an annual questionnaire to be completed by all of its officers, directors and key employees. This questionnaire is completed on an annual basis. The questionnaire requires the respondent to disclose any family and/or business relationships with other math for america personnel. The organization monitors compliance with the distributed questionnaire and follows-up on any potential conflicts. Math for america has received responses from all individuals listed on part vii of this form 990 and disclosed all business relationships accordingly on the form 990 (please see response to part vi, line 2).”

“Math for america undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of the officers and key employees of the organization is reasonable given the market in which it operates. The board of directors has established a finance committee (a sub-set of the executive committee) of independent persons that have no personal interest in the proposed compensation agreement. The terms of the compensation package to the president are memorialized in a written employment contract that is in force for a term of three years. Math for america last conducted a comprehensive independent compensation study in december of 2019.”

“The taxpayer makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

“Due to the economic disruption caused by the COVID-19 pandemic throughout the world in 2020, Math For America was required to cancel its annual charity fundraising events. Costs associated with these events have not been reported on Form 990, Schedule G as the events did not take place. These costs are reported in Form 990, Part IX, Line 24(a). FORM 990, PART VI, SECTION A, LINE 2 - BOARD OF TRUSTEES MEMBERS JAMES SIMONS AND ELIZABETH SIMONS HAVE A FAMILY RELATIONSHIP. - Board of Trustees members Howard Morgan and Elizabeth Hammack have a family relationship. - Board of Trustees members Elizabeth Simons and Patricia Weisenfeld have a business relationship. - Board of Trustees members, Anne Dinning, James Simons, Robbert Dijkgraaf, Maria Klawe, Jeffrey Rosenbluth and Elizabeth Hammack all have a business relationship. - Board of Trustees members James Simons and Howard Morgan have a business relationship.”

“Other Changes in Net Assets or Fund Balances GRANT RECOVERIES/CHANGE IN PLEDGE DISCOUNTS ($1,098)”