Civic Intelligence

The Art of Problem Solving Initiative Inc

990 • Fiscal year 2019 • EIN 20-1239616

Jun 01, 2018 to May 31, 2019 • Filed on Feb 17, 2020

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

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

32nd percentile

0.03x

Higher debt load relative to revenue than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$145,336

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

82nd percentile

24%

Faster asset growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

867%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,248,959

Up $809,519 (+24%) from 2018

Net Assets

Up

$4,148,564

Up $767,579 (+23%) from 2018

Liabilities

Up

$100,395

Up $41,940 (+72%) from 2018

Revenue

Up

$3,351,906

Up $3,005,362 (+867%) from 2018

Expenses

Up

$2,584,327

Up $2,186,219 (+549%) from 2018

Net Income

Up

$767,579

Up $819,143 (+1589%) from 2018

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

2019

Assets$4,248,959
Liabilities$100,395
Net Assets$4,148,564

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

2019

Revenue$3,351,906
Expenses$2,584,327
Net Income$767,579
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Feb 17, 2020
Return Version
2018v3.1
Gross Receipts
$3,351,906
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 initiative develops opportunities for middle and high school students to explore mathematical problem solving. These opportunities include bridge to enter advanced mathematics, a program for underserved new york city and california 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$2,983,740-
Cash and Non-Interest-Bearing Accounts$3,282,541$624,349▼ $2,658,192
Pledges and Grants Receivable$90,000$577,223▲ $487,223
Prepaid Expenses and Deferred Charges$61,316$54,415▼ $6,901
Land, Buildings, and Equipment, Net$5,583$9,232▲ $3,649
Total Assets$3,439,440$4,248,959▲ $809,519
Liabilities
Accounts Payable and Accrued Expenses$58,455$100,395▲ $41,940
Total Liabilities$58,455$100,395▲ $41,940
Net Assets / Fund Balance
Unrestricted Net Assets$1,754,113$2,119,819▲ $365,706
Temporarily Rstr Net Assets$1,626,872$2,028,745▲ $401,873
Total Net Assets Fund Balance$3,380,985$4,148,564▲ $767,579
Total Liabilities and Net Assets / Fund Balance$3,439,440$4,248,959▲ $809,519

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,232$6,211$15,443
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel ZaharopolExecutive DirectorFT$142,936$2,400$145,336
Richard IandoliDirector of Finance and AdministrationFT$91,845-$91,845

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,334,514
Program Service Revenue
$0
Investment Income
$3,741
Other Revenue
$13,651
All Other Contributions
$3,276,191
Change in Net Assets
$767,579

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,351,906
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$177,575
Total Revenue per Audited Statements
$3,529,481
Total Revenue per Form 990
$3,351,906
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,627,315
Other Expenses$957,012
Total Fundraising Expense$134,636
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,085,823$119,156$54,291$1,259,270
Current Officers, Directors, Trustees, and Key Employees$139,532$60,023-$199,555
Occupancy$93,133$70,793-$163,926
Payroll Taxes$118,057$12,910$5,095$136,062
Travel$117,505-$2,350$119,855
Insurance$59,477$19,074$2,525$81,076
Office Expenses$65,549-$1,751$67,300
All Other Expenses$26,957$4,242$3,032$34,231
Other Employee Benefits$24,651$5,821$1,956$32,428
Fees for Services Accounting-$28,555-$28,555
Other Expenses$21,247$0$3,716$24,963
Information Technology$99$1,570$16,448$18,117
Advertising$7,466$1,575$5,900$14,941
Fees for Services Other$6,640$5,293$139$12,072
Depreciation Depletion$4,211$200-$4,411
Fees for Services Legal-$900-$900
Total Functional Expenses$2,117,651$332,040$134,636$2,584,327

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,761,902
Expenses per Audited Statements$2,584,327
Total Expenses per Form 990$2,584,327
Expenses Not Reported on Form 990$177,575
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
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 11B

Form 990 and schedules are reviewed by the entire board and executive director of the organization 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 organizations 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 Initiative
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
2020-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Zaharopol
Formed
2004
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
165
Volunteers
35

Preparer

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

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

He organization did not change either its oversight process or selection process during the tax year of its financial statements and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization is organized and operated exclusively for charitable and educational purposes. Income related to these purposes is exempt from federal and state income taxes under the provisions of section 501(c)(3) of the internal revenue code. Unrelated business income would be taxable according to applicable internal revenue code sections. The organization regularly reviews and evaluates its tax positions taken in its filed returns and recognizes the benefit from a tax position only if it is more likely than not that the position would be sustained upon audit based solely on the technical merits of the tax position. The organization accrues interest and penalties on uncertain tax positions as a component of the provision for income taxes. The organization files federal, california and new york tax returns. The statute of limitations for these jurisdictions is generally three years. The organization had no returns under examination as of may 31, 2019.

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IRS990/MissionDesc0THE ART OF PROBLEM SOLVING INITIATIVE DEVELOPS OPPORTUNITIES FOR MIDDLE AND HIGH SCHOOL STUDENTS TO EXPLORE MATHEMATICAL PROBLEM SOLVING. THESE OPPORTUNITIES INCLUDE BRIDGE TO ENTER ADVANCED MATHEMATICS, A PROGRAM FOR UNDERSERVED CALIFORNIA AND NEW YORK CITY 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.
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IRS990/OtherExpensesGrp/Desc2FIELD TRIPS
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IRS990/OtherExpensesGrp/TotalAmt191711
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PrincipalOfficerNm0DANIEL ZAHAROPOL
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IRS990/ProgSrvcAccomActy2Grp/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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. INCOME RELATED TO THESE PURPOSES IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME WOULD BE TAXABLE ACCORDING TO APPLICABLE INTERNAL REVENUE CODE SECTIONS. THE ORGANIZATION REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN ITS FILED RETURNS AND RECOGNIZES THE BENEFIT FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE POSITION WOULD BE SUSTAINED UPON AUDIT BASED SOLELY ON THE TECHNICAL MERITS OF THE TAX POSITION. THE ORGANIZATION ACCRUES INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION FILES FEDERAL, CALIFORNIA AND NEW YORK TAX RETURNS. THE STATUTE OF LIMITATIONS FOR THESE JURISDICTIONS IS GENERALLY THREE YEARS. THE ORGANIZATION HAD NO RETURNS UNDER EXAMINATION AS OF MAY 31, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 AND SCHEDULES ARE REVIEWED BY THE ENTIRE BOARD AND EXECUTIVE DIRECTOR OF THE ORGANIZATION 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 ORGANIZATIONS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY ANY INTERESTED PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 12, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt04248959
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IRS990/TotalEmployeeCnt0165

Document Assets

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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
2019Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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