Civic Intelligence

The Art of Problem Solving Initiative Inc

990 • Fiscal year 2014 • EIN 20-1239616

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 11, 2015

Organization ProfileARTOFPROBLEMSOLVING.ORG
PO Box 4499New York, NY 10163

(888) 264-2793

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

82nd percentile

25%

Higher net margin than 82% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

75th percentile

$65,767

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

85th percentile

32%

Faster asset growth than 85% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

48th percentile

3.2%

Faster revenue growth than 48% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$813,276

Up $198,569 (+32%) from 2013

Net Assets

Up

$803,968

Up $204,500 (+34%) from 2013

Liabilities

Down

$9,308

Down $5,931 (-39%) from 2013

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin82nd percentile

Revenue

Up

$804,806

Up $25,244 (+3.2%) from 2013

Expenses

Up

$600,306

Up $162,378 (+37%) from 2013

Net Income

Down

$204,500

Down $137,134 (-40%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$15M$10M$5.0M$0Assets 2011: $203,860Liabilities 2011: $293Net Assets 2011: $203,5672011Assets 2012: $339,518Liabilities 2012: $81,684Net Assets 2012: $257,8342012Assets 2013: $614,707Liabilities 2013: $15,239Net Assets 2013: $599,4682013Assets 2014: $813,276Liabilities 2014: $9,308Net Assets 2014: $803,9682014Assets 2015: $1,012,728Liabilities 2015: $55,951Net Assets 2015: $956,7772015Assets 2016: $1,483,895Liabilities 2016: $35,687Net Assets 2016: $1,448,2082016Assets 2017: $3,476,366Liabilities 2017: $43,817Net Assets 2017: $3,432,5492017Assets 2018: $3,439,440Liabilities 2018: $58,455Net Assets 2018: $3,380,9852018Assets 2019: $4,248,959Liabilities 2019: $100,395Net Assets 2019: $4,148,5642019Assets 2020: $4,780,396Liabilities 2020: $344,878Net Assets 2020: $4,435,5182020Assets 2021: $8,643,636Liabilities 2021: $244,394Net Assets 2021: $8,399,2422021Assets 2022: $11,649,838Liabilities 2022: $136,643Net Assets 2022: $11,513,1952022Assets 2023: $13,036,680Liabilities 2023: $221,898Net Assets 2023: $12,814,7822023

Highlighted filing

2014

Assets$813,276
Liabilities$9,308
Net Assets$803,968
Open 2014 Filing

Operations Trend

Revenue Growth48th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $205,908Expenses 2011: $191,937Net Income 2011: $13,9712011Revenue 2012: $382,819Expenses 2012: $344,313Net Income 2012: $38,5062012Revenue 2013: $779,562Expenses 2013: $437,928Net Income 2013: $341,6342013Revenue 2014: $804,806Expenses 2014: $600,306Net Income 2014: $204,5002014Revenue 2015: $936,229Expenses 2015: $783,420Net Income 2015: $152,8092015Revenue 2016: $1,804,952Expenses 2016: $1,313,521Net Income 2016: $491,4312016Revenue 2017: $3,385,545Expenses 2017: $1,401,204Net Income 2017: $1,984,3412017Revenue 2018: $346,544Expenses 2018: $398,108Net Income 2018: -$51,5642018Revenue 2019: $3,351,906Expenses 2019: $2,584,327Net Income 2019: $767,5792019Revenue 2020: $3,525,853Expenses 2020: $3,238,899Net Income 2020: $286,9542020Revenue 2021: $7,701,538Expenses 2021: $3,737,814Net Income 2021: $3,963,7242021Revenue 2022: $7,944,885Expenses 2022: $4,977,757Net Income 2022: $2,967,1282022Revenue 2023: $7,630,346Expenses 2023: $6,475,584Net Income 2023: $1,154,7622023

Highlighted filing

2014

Revenue$804,806
Expenses$600,306
Net Income$204,500
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 11, 2015
Return Version
2014v5.0
Gross Receipts
$804,806
Mission and Program Overview

Mission

Beam aims to open up opportunity for all students at the highest level of achievement, to instill a genuine love for mathematics, and to open up opportunities for fulfilling, well-paid careers. To our knowledge, beam is the only program in the us providing long-term (10-year), comprehensive support to ensure success in advanced math for kids from low-income and low-access backgrounds. Our goals are to provide academic preparation for advanced mathematical work; social/emotional support so students are comfortable and confident with stem identities and engaging stem communities; a community of like-minded peers including students, counselors, and faculty in whom our students can see themselves represented; and guidance and mentoring to support students in seeking out future stem opportunities.

The art of problem solving foundation develops opportunities for middle and high school students to explore mathematical problem solving. These opportunities include the summer program in mathematical problem solving, a program for underserved new york city middle school students with talent in mathematics, and the usa mathematical talent search, a public mail-in and online math contest for middle and high school students to promote their mathematical problem solving skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$249,454$410,296▲ $160,842
Pledges and Grants Receivable$364,378$399,263▲ $34,885
Prepaid Expenses and Deferred Charges$875$3,717▲ $2,842
Total Assets$614,707$813,276▲ $198,569
Liabilities
Accounts Payable and Accrued Expenses$15,239$9,308▼ $5,931
Total Liabilities$15,239$9,308▼ $5,931
Net Assets / Fund Balance
Temporarily Rstr Net Assets$441,820$560,974▲ $119,154
Unrestricted Net Assets$157,648$242,994▲ $85,346
Total Net Assets Fund Balance$599,468$803,968▲ $204,500
Total Liabilities and Net Assets / Fund Balance$614,707$813,276▲ $198,569
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Daniel ZaharopolExecutive DirectorFT$65,767$65,767

Board Members and Trustees

NameTitle
Kiran Kedlaya PhdDirector
Sandor LehoczkyDirector
Susan Schwartz-wildstromDirector
Richard RusczykPres/director
Darryl HillSec/director
Harold Reiter PhdTreas/director
Revenue and Support

Revenue Composition

Contributions and Grants
$803,282
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,524
All Other Contributions
$769,553
Change in Net Assets
$204,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$804,806
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,210
Total Revenue per Audited Statements
$809,016
Total Revenue per Form 990
$804,806
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$361,645
Salaries, Compensation, and Employee Benefits$238,661
Total Fundraising Expense$22,166
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$140,980$1,140$6,113$148,233
Occupancy$73,226$3,600-$76,826
Current Officers, Directors, Trustees, and Key Employees$41,694$17,496$6,577$65,767
Travel$40,058$234$387$40,679
All Other Expenses$34,582$3,661$2$38,245
Other Expenses$21,603$0$0$21,603
Office Expenses$16,381-$367$16,748
Payroll Taxes$13,975$1,353$970$16,298
Fees for Services Accounting$3,600$9,592-$13,192
Other Employee Benefits-$8,363-$8,363
Advertising$4,988--$4,988
Insurance$1,080$1,729-$2,809
Fees for Services Legal$2,500--$2,500
Information Technology-$951$64$1,015
Total Functional Expenses$530,021$48,119$22,166$600,306

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$604,516
Expenses per Audited Statements$600,306
Total Expenses per Form 990$600,306
Expenses Not Reported on Form 990$4,210
Expenses Not Reported on Financial Statements$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ENTITY CONTROLLED 100% BY BOARD MEMBERAdministration UsamtsNo$5,013
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 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 B, Line 11

“Form 990 and schedules are reviewed by the entire board and executive director of the foundation prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The compliance policy is reviewed and discussed with officers and board members at board meetings to ensure compliance.”

Form 990, Part VI, Section C, Line 19

“The foundations governing documents, policies and financial statements are available upon request by any interested party.”

Filing and Contact Details

Filer

Filer Name
The Art of Problem Solving Foundation
EIN
20-1239616
Phone
8882642793
Address
PO BOX 4499, NEW YORK, NY 10163

Signing Officer

Name
Daniel Zaharopol
Title
Executive Director
Phone
8882642793
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Zaharopol
Formed
2004
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
5
Employees
34
Volunteers
10

Preparer

Firm
JOHNSON O'CONNOR FERON & CARUCCI LLP
Address
101 EDGEWATER DRIVE SUITE 210, WAKEFIELD, MA 01880
Preparer
Douglas M Thorpe CPA
Phone
7819143400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 423 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/ProgSrvcAccomActy2Grp/Desc0SUMMER PROGRAM IN MATHEMATICAL PROBLEM SOLVING (SPMPS) - IS A RESIDENTIAL, THREE-WEEK LONG SUMMER PROGRAM FOR UNDERSERVED NEW YORK CITY SEVENTH-GRADERS WITH TALENT IN MATH. ALL PROSPECTIVE STUDENTS MUST MEET CERTAIN QUALIFICATIONS AND MUST PARTICIPATE IN AN INTERVIEW PROCESS WITH ONE OF OUR STAFF. DURING 2014 A TOTAL OF 77 STUDENTS ATTENDED THE RESIDENTIAL SUMMER PROGRAM AND 171 ALUMNI RECEIVED ADDITIONAL ACADEMIC ADVISING AND SUPPORT. ADDITIONAL INFORMATION IS PROVIDED AT OUR WEBSITE: WWW.ARTOFPROBLEMSOLVING.ORG/SPMPS OR WILL BE PROVIDED UPON REQUEST.
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IRS990/ProgSrvcAccomActy3Grp/Desc0USA MATHEMATICAL TALENT SEARCH (USAMTS)- IS A NATIONAL MATH COMPETITION FOR MIDDLE AND HIGH SCHOOL STUDENTS TO PROMOTE ADVANCED MATHEMATICAL PROBLEM-SOLVING SKILLS AND EDUCATION. THE USAMTS ENCOURAGES STUDENTS TO LEARN ADVANCED MATHEMATICAL WRITING SKILLS. THE USAMTS COMPETITION IS OPEN TO THE GENERAL PUBLIC. ON AVERAGE A TOTAL OF 600 TO 700 MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATE IN THE USAMTS.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ENTITY CONTROLLED 100% BY BOARD MEMBER
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE ART OF PROBLEM SOLVING FOUNDATION CONTRACTS WITH THE ART OF PROBLEM SOLVING INCORPORATED TO PROVIDE TESTING, GRADING AND ADMINISTRATIVE SERVICES ON BEHALF OF THE FOUNDATION IN CONNECTION WITH THE ANNUAL USA MATHEMATICAL TALENT SEARCH (USAMTS)FOR MIDDLE AND HIGH SCHOOL STUDENTS. THE SERVICES ARE PROVIDED AT REASONABLE STANDARD MARKET RATES.DURING 2014, VARIOUS MATH TEXT BOOKS AND MANUALS WERE DONATED TO THE FOUNDATION FROM AOPS INCORPORATED FOR USE IN THE FOUNDATION'S VARIOUS EXEMPT PROGRAMS, SUCH AS IN ITS MATH CLUBS, MATH CIRCLES AND USAMTS PROGRAM. THE DONATED BOOKS WERE RECORDED AT FAIR MARKET VALUE WHICH WAS LESS THAN THE $25,000 SCHEDULE M REPORTING REQUIREMENT.NOTE: DURING 2014, THE ART OF PROBLEM SOLVING INCORPORATED IS PREDOMINATELY OWNED BY RICHARD RUSCZYK, THE PRESIDENT AND BOARD MEMBER OF THE ART OF PROBLEM SOLVING FOUNDATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCH L, PART IV
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 AND SCHEDULES ARE REVIEWED BY THE ENTIRE BOARD AND EXECUTIVE DIRECTOR OF THE FOUNDATION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPLIANCE POLICY IS REVIEWED AND DISCUSSED WITH OFFICERS AND BOARD MEMBERS AT BOARD MEETINGS TO ENSURE COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATIONS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY ANY INTERESTED PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$813,276
Liabilities
$9,308
Net assets
$803,968
Revenue
$804,806
Expenses
$600,306
Net income
$204,500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$13.0$0.22$12.8$7.63$6.48$1.15
2022Summary only. Only limited summary data is available for this year.$11.6$0.14$11.5$7.94$4.98$2.97
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.64$0.24$8.40$7.70$3.74$3.96
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.78$0.34$4.44$3.53$3.24$0.29
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$0.10$4.15$3.35$2.58$0.77
2018Summary only. Only limited summary data is available for this year.$3.44$0.06$3.38$0.35$0.40$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.04$3.43$3.39$1.40$1.98
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.04$1.45$1.80$1.31$0.49
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.06$0.96$0.94$0.78$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.80$0.60$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.61$0.02$0.60$0.78$0.44$0.34
2012Summary only. Only limited summary data is available for this year.$0.34$0.08$0.26$0.38$0.34$0.04
2011Summary only. Only limited summary data is available for this year.$0.20$0.00$0.20$0.21$0.19$0.01