Civic Intelligence

The Art of Problem Solving Initiative Inc

990 • Fiscal year 2015 • EIN 20-1239616

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 21, 2016

55 Exchange Place Suite 603New York, NY 10005

(888) 264-2793

Siviq Scores

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

Liabilities / Assets

41st percentile

0.06x

Higher debt load relative to assets than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

38th percentile

0.06x

Higher debt load relative to revenue than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

59th percentile

$79,781

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

84th percentile

25%

Faster asset growth than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

73rd percentile

16%

Faster revenue growth than 73% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,012,728

Up $199,452 (+25%) from 2014

Net Assets

Up

$956,777

Up $152,809 (+19%) from 2014

Liabilities

Up

$55,951

Up $46,643 (+501%) from 2014

Revenue

Up

$936,229

Up $131,423 (+16%) from 2014

Expenses

Up

$783,420

Up $183,114 (+31%) from 2014

Net Income

Down

$152,809

Down $51,691 (-25%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$1,012,728
Liabilities$55,951
Net Assets$956,777

Operations Trend

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

2015

Revenue$936,229
Expenses$783,420
Net Income$152,809
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 21, 2016
Return Version
2015v2.1
Gross Receipts
$936,229
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 bridge to enter advanced mathematics, 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$410,296$736,262▲ $325,966
Pledges and Grants Receivable$399,263$272,028▼ $127,235
Intangible Assets-$3,200-
Prepaid Expenses and Deferred Charges$3,717$1,238▼ $2,479
Total Assets$813,276$1,012,728▲ $199,452
Liabilities
Accounts Payable and Accrued Expenses$9,308$55,951▲ $46,643
Total Liabilities$9,308$55,951▲ $46,643
Net Assets / Fund Balance
Unrestricted Net Assets$242,994$612,082▲ $369,088
Temporarily Rstr Net Assets$560,974$344,695▼ $216,279
Total Net Assets Fund Balance$803,968$956,777▲ $152,809
Total Liabilities and Net Assets / Fund Balance$813,276$1,012,728▲ $199,452
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daniel ZaharopolExecutive DirectorFT$79,781$79,781

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$934,573
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,656
All Other Contributions
$885,823
Change in Net Assets
$152,809

Audited Revenue Reconciliation

Revenue per Audited Statements
$936,229
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,500
Total Revenue per Audited Statements
$940,729
Total Revenue per Form 990
$936,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$359,369
Other Expenses$355,968
Grants and Similar Amounts Paid$68,083
Total Fundraising Expense$56,964
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$201,254$2,343$34,137$237,734
Occupancy$82,315$19,424-$101,739
Current Officers, Directors, Trustees, and Key Employees$54,639$24,836-$79,475
Grants to Domestic Orgs$67,762--$67,762
Travel$37,070$38$957$38,065
Payroll Taxes$19,802$2,272$2,611$24,685
All Other Expenses$14,978$2,149$402$17,529
Other Employee Benefits$15,300-$2,175$17,475
Office Expenses$15,381$522$691$16,594
Fees for Services Accounting$3,600$10,715-$14,315
Other Expenses$12,277$0$0$12,277
Advertising$5,115--$5,115
Insurance$2,493$1,138-$3,631
Information Technology$182$230-$412
Grants to Domestic Individuals$321--$321
Total Functional Expenses$662,091$64,365$56,964$783,420

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$787,920
Expenses per Audited Statements$783,420
Total Expenses per Form 990$783,420
Expenses Not Reported on Form 990$4,500
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mathematics Foundation of AmericaCambridge, MA501(c)3MFOA LOST THEIR 501(C)3 STATUS DUE TO FAILURE TO FILE FORM 990. ART OF PROBLEM SOLVING FOUNDATION AGREED TO ACT AS A FISCAL SPONSOR OF THEIR MATHEMATICS PROGRAMS UNTIL 501(C)3 STATUS WAS RESTORED. AS OF APRIL, 2016, MFOA'S 501(C)3 STATUS WAS RETROACTIVELY REINSTATED. ART OF PROBLEM SOLVING FOUNDATION HAD SUBSTANTIAL OVERSIGHT OF THE PROGRAM AND HELD CONTROL UNTIL MFOA'S STATUS WAS REINSTATED$60,014
United Math Circles FoundationEl Cerrito, CA501(c)3THE ART OF PROBLEM SOLVING FOUNDATION RECEIVED FUNDS DONATED FOR THE USE OF THE MATH CIRCLES PROGRAM. BECAUSE AOPS ENDED THEIR MATH CIRCLES PROGRAM, THE LOCAL MATH CIRCLE SET UP ITS OWN 501(C)(3) ORGANIZATION TO RUN THE PROGRAM. AFTER RECEIVING A COPY OF THE LOCAL ORGANIZATION'S 501(C)(3) DETERMINATION LETTER AOPS DONATED TO THEM THE FUNDS ORIGINALLY SET ASIDE FOR THAT MATH CIRCLE PROGRAM.$7,178
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$6,025
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
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, 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 conflict of interest policy is reviewed and discussed with officers and board members at board meetings to ensure compliance.

Form 990, Part VI, Section B, Line 15

Daniel zaharopol's compensation is set by the board of directors after comparing compensation data for other executive directors for new york city non-profits.

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
55 EXCHANGE PLACE SUITE 603, NEW YORK, NY 10005

Signing Officer

Name
Daniel Zaharopol
Title
Executive Director
Phone
8882642793
Signed
2016-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Zaharopol
Formed
2004
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
6
Employees
41
Volunteers
15

Preparer

Firm
JOHNSON O'CONNOR FERON & CARUCCI LLP
Address
101 EDGEWATER DRIVE SUITE 210, WAKEFIELD, MA 01880
Preparer
Douglas M Thorpe CPA
Phone
7819143400
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IRS990/MissionDesc0THE ART OF PROBLEM SOLVING FOUNDATION DEVELOPS OPPORTUNITIES FOR MIDDLE AND HIGH SCHOOL STUDENTS TO EXPLORE MATHEMATICAL PROBLEM SOLVING. THESE OPPORTUNITIES INCLUDE THE BRIDGE TO ENTER ADVANCED MATHEMATICS, 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.
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IRS990/OtherExpensesGrp/TotalAmt086776
IRS990/OtherExpensesGrp/TotalAmt140051
IRS990/OtherExpensesGrp/TotalAmt219464
IRS990/OtherExpensesGrp/TotalAmt312277
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01656
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01656
IRS990/OtherRevenueTotalAmt01656
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt034137
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02343
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0201254
IRS990/OtherSalariesAndWagesGrp/TotalAmt0237734
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02611
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02272
IRS990/PayrollTaxesGrp/ProgramServicesAmt019802
IRS990/PayrollTaxesGrp/TotalAmt024685
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0399263
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0272028
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03717
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01238
IRS990/PrincipalOfficerNm0DANIEL ZAHAROPOL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE MATHEMATICS FOUNDATION OF AMERICA (MFOA) OPERATES A 5-WEEK RESIDENTIAL SUMMER PROGRAM FOR HIGH SCHOOL STUDENTS WITH TALENT IN MATHEMATICS. THE PROGRAM ADMITS BETWEEN 110-120 STUDENTS THROUGH A SELECTIVE PROCESS. STUDENTS WHO ATTEND STUDY ADVANCED MATHEMATICS IN CLASSES TAUGHT BY GRADUATE STUDENTS AND FACULTY MEMBERS. STUDENTS ALSO HAVE THE OPPORTUNITY TO CONDUCT PROJECTS THROUGHOUT THE SUMMER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt060014
IRS990/ProgSrvcAccomActy2Grp/GrantAmt060014
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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt049348
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MATH CIRCLES, CLUBS AND PROGRAMS- THE MATH CIRCLES, CLUBS AND PROGRAMS PROMOTE AND PROVIDE RESOURCES FOR LOCAL MATH CLUBS AND ORGANIZATIONS (STUDENTS AND TEACHERS) DEVOTED TO PROBLEM-SOLVING SKILLS AND THE EDUCATION OF MATH TO MIDDLE AND HIGH SCHOOL STUDENTS. THE MATH CIRCLES AND CLUBS ARE OPEN TO THE GENERAL PUBLIC. ON AVERAGE A TOTAL OF 500 TO 600 INDIVIDUALS PARTICIPATE IN THE MATH CIRCLES AND CLUBS. THE FOUNDATION IS IN THE PROCESSS OF PHASING OUT THIS PROGRAM.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt07748
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt07748
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0803282
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0361645
IRS990/PYOtherRevenueAmt01524
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0204500
IRS990/PYSalariesCompEmpBnftPaidAmt0238661
IRS990/PYTotalExpensesAmt0600306
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0804806
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0152809
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0939073
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0807492
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0752097
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0306904
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0203626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03009192
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0101820
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01656
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01524
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03180
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49980
IRS990ScheduleA/PublicSupportPY170Pct00.53950
IRS990ScheduleA/PublicSupportTotal170Amt01505680
IRS990ScheduleA/SubstantialContributorsTotAmt01503512
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0939073
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0807492
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0752097
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0306904
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0203626
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03009192
IRS990ScheduleA/TotalSupportAmt03012376
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt04500
IRS990ScheduleD/DonatedServicesUseFcltsAmt04500
IRS990ScheduleD/ExpensesNotReportedAmt04500
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0783420
IRS990ScheduleD/RevenueNotReportedAmt04500
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0936229
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0783420
IRS990ScheduleD/TotalRevenuePerForm990Amt0936229
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0940729
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0787920
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt07178
IRS990ScheduleI/RecipientTable/CashGrantAmt160014
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0THE ART OF PROBLEM SOLVING FOUNDATION RECEIVED FUNDS DONATED FOR THE USE OF THE MATH CIRCLES PROGRAM. BECAUSE AOPS ENDED THEIR MATH CIRCLES PROGRAM, THE LOCAL MATH CIRCLE SET UP ITS OWN 501(C)(3) ORGANIZATION TO RUN THE PROGRAM. AFTER RECEIVING A COPY OF THE LOCAL ORGANIZATION'S 501(C)(3) DETERMINATION LETTER AOPS DONATED TO THEM THE FUNDS ORIGINALLY SET ASIDE FOR THAT MATH CIRCLE PROGRAM.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1MFOA LOST THEIR 501(C)3 STATUS DUE TO FAILURE TO FILE FORM 990. ART OF PROBLEM SOLVING FOUNDATION AGREED TO ACT AS A FISCAL SPONSOR OF THEIR MATHEMATICS PROGRAMS UNTIL 501(C)3 STATUS WAS RESTORED. AS OF APRIL, 2016, MFOA'S 501(C)3 STATUS WAS RETROACTIVELY REINSTATED. ART OF PROBLEM SOLVING FOUNDATION HAD SUBSTANTIAL OVERSIGHT OF THE PROGRAM AND HELD CONTROL UNTIL MFOA'S STATUS WAS REINSTATED
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNITED MATH CIRCLES FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MATHEMATICS FOUNDATION OF AMERICA
IRS990ScheduleI/RecipientTable/RecipientEIN0463636266
IRS990ScheduleI/RecipientTable/RecipientEIN1571035414
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05426 HILLSIDE AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1129 HANCOCK ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0EL CERRITO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CAMBRIDGE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094530
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd102139
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DAN ZAHAROPOL, EXECUTIVE DIRECTOR, OVERSAW THE USE OF THE GRANT TO MATHEMATICS FOUNDATION OF AMERICA BY RECEIVING PERIODIC INFORMATIONAL UPDATES AND VISITS TO THE PROGRAM DURING ITS OPERATION. THE 501(C)(3) STATUS OF THE UNITED MATH CIRCLES FOUNDATION WAS VERIFIED BEFORE MAKING THE GRANT. NO ADDITIONAL MONITORING WAS DEEMED NECESSARY AS THE FOUNDATION'S EXEMPT PURPOSE IS TO RUN MATH CIRCLES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt03
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0AOPS INCORPORATED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ENTITY CONTROLLED 100% BY BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt06025
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ADMINISTRATION USAMTS
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 2015, AOPS INCORPORATED PROVIDED PROBLEM WRITING AND SOLUTIONS SERVICES TO THE FOUNDATION FOR FOR USE IN THE USAMTS PROGRAM, TOTALING $6,025.NOTE: DURING 2015, THE ART OF PROBLEM SOLVING INCORPORATED IS 100% 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 CONFLICT OF INTEREST POLICY IS REVIEWED AND DISCUSSED WITH OFFICERS AND BOARD MEMBERS AT BOARD MEETINGS TO ENSURE COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DANIEL ZAHAROPOL'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS AFTER COMPARING COMPENSATION DATA FOR OTHER EXECUTIVE DIRECTORS FOR NEW YORK CITY NON-PROFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATIONS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY ANY INTERESTED PARTY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0560974
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0344695
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0813276
IRS990/TotalAssetsEOYAmt01012728
IRS990/TotalAssetsGrp/BOYAmt0813276
IRS990/TotalAssetsGrp/EOYAmt01012728
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0934573
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt056964
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064365
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0662091
IRS990/TotalFunctionalExpensesGrp/TotalAmt0783420
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09308
IRS990/TotalLiabilitiesEOYAmt055951
IRS990/TotalLiabilitiesGrp/BOYAmt09308
IRS990/TotalLiabilitiesGrp/EOYAmt055951
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0803968
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0956777
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt07748
IRS990/TotalOtherProgSrvcGrantAmt07748
IRS990/TotalProgramServiceExpensesAmt0662091
IRS990/TotalReportableCompFromOrgAmt079781

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Filings

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
2015Detailed filing. Detailed filing data is available for this year.$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