Civic Intelligence

Math for America Boston Inc

990 • Fiscal year 2014 • EIN 27-1240064

Jan 01, 2014 to Dec 31, 2014 • Filed on May 08, 2015

Refreshing map…

111 Cummington MallBoston, MA 02215

(617) 359-2388

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.47x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

1.30x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$20,833

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

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

Asset Growth

51st percentile

2.4%

Faster asset growth than 51% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$741,320

Up $34,428 (+4.9%) from 2012

Net Assets

Down

$396,320

Down $308,372 (-44%) from 2012

Liabilities

Up

$345,000

Up $342,800 (+15582%) from 2012

Revenue

$265,993

No earlier filing loaded for comparison.

Expenses

Down

$145,764

Down $2,498 (-1.7%) from 2012

Net Income

$120,229

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $545,277Liabilities 2010: $2,541Net Assets 2010: $542,7362010Assets 2011: $570,968Liabilities 2011: $2,400Net Assets 2011: $568,5682011Assets 2012: $706,892Liabilities 2012: $2,200Net Assets 2012: $704,6922012Assets 2014: $741,320Liabilities 2014: $345,000Net Assets 2014: $396,3202014Assets 2015: $597,215Liabilities 2015: $2,382Net Assets 2015: $594,8332015Assets 2016: $430,746Liabilities 2016: $5,120Net Assets 2016: $425,6262016Assets 2017: $288,110Liabilities 2017: $1,500Net Assets 2017: $286,6102017Assets 2018: $207,437Liabilities 2018: $0Net Assets 2018: $207,4372018Assets 2019: $135,552Liabilities 2019: $0Net Assets 2019: $135,5522019

Highlighted filing

2014

Assets$741,320
Liabilities$345,000
Net Assets$396,320

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $9,5742010Expenses 2011: $127,8582011Expenses 2012: $148,2622012Revenue 2014: $265,993Expenses 2014: $145,764Net Income 2014: $120,2292014Revenue 2015: $68,170Expenses 2015: $212,157Net Income 2015: -$143,9872015Revenue 2016: $29,942Expenses 2016: $199,149Net Income 2016: -$169,2072016Revenue 2017: $22,644Expenses 2017: $161,660Net Income 2017: -$139,0162017Revenue 2018: $19,195Expenses 2018: $98,368Net Income 2018: -$79,1732018Revenue 2019: $12,032Expenses 2019: $83,917Net Income 2019: -$71,8852019

Highlighted filing

2014

Revenue$265,993
Expenses$145,764
Net Income$120,229
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 8, 2015
Return Version
2014v5.0
Gross Receipts
$265,993
Mission and Program Overview

Mission

Math for america boston (mfa-boston) works to improve student engagement, interest, and achievement in mathematics by recruiting, training, and retaining expert mathematics teachers for boston area public high schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$278,291$363,800▲ $85,509
Pledges and Grants Receivable-$35,020-
Total Assets$620,791$741,320▲ $120,529
Other Assets Total$342,500$342,500→ $0
Liabilities
Grants Payable-$342,500-
Accounts Payable and Accrued Expenses$2,200$2,500▲ $300
Total Liabilities$2,200$345,000▲ $342,800
Net Assets / Fund Balance
Unrestricted Net Assets$618,591$396,320▼ $222,271
Total Net Assets Fund Balance$618,591$396,320▼ $222,271
Total Liabilities and Net Assets / Fund Balance$620,791$741,320▲ $120,529

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$342,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Keith Hilles-pilantExecutive DirectorPT$20,833$20,833
Eileen F LeeExecutive DirectorFT$9,000$9,000

Board Members and Trustees

NameTitle
Glenn StevensPresident and Director
Al CuocoDirector
Haynes MillerDirector
Solomon FriedbergSecretary and Director
Steven RosenbergTreasurer and Director
Revenue and Support

Revenue Composition

Contributions and Grants
$248,181
Program Service Revenue
$17,091
Investment Income
$721
Other Revenue
$0
All Other Contributions
$248,181
Change in Net Assets
$120,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,131
Grants and Similar Amounts Paid$34,800
Salaries, Compensation, and Employee Benefits$29,833
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$42,491$4,346-$46,837
Grants to Domestic Individuals$34,800--$34,800
Current Officers, Directors, Trustees, and Key Employees$29,833--$29,833
Information Technology$6,756--$6,756
Fees for Services Accounting-$2,500-$2,500
Conferences and Meetings$1,069--$1,069
Other Expenses$348$107-$107
Total Functional Expenses$138,714$7,050$0$145,764
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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

A committee of the board of directors reviews the form 990. The financial data on form 990 is reconciled to the financial information on the financial statements. The non-financial information such as questions concerning governance, policies and tax comliance are reviewed to ensure that they are accurately answered.

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

The organization requires officers, directors, and key employees to disclose annually interests that could give rise to conflicts. Disclosures are review by an appointed director and are presented to the board of directors annually.

Form 990, Part VI, Section C, Line 19

All governing documents available for inspection by the public at the organization's office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Math for America Boston Inc
EIN
27-1240064
Phone
6173592388
Address
111 CUMMINGTON MALL, BOSTON, MA 02215

Signing Officer

Name
Steven Rosenberg
Title
Treasurer
Phone
6173582388
Signed
2015-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Rosenberg
Formed
2009
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Gosule Butkus & Jesson Llp
Address
480 ADAMS STREET, MILTON, MA 02186
Preparer
James L Oslin CPA
Phone
6176983950
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional development services: program service expenses 29,452. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,452. Coordinator: program service expenses 13,039. Management and general expenses 4,346. Fundraising expenses 0. Total expenses 17,385.

FORM 990, PART XI, LINE 9:

Fellowship grants payable -342,500.

Schedule O Additional Information

Part iii, line 4(a) math for america boston (mfa-boston) is a collaboration with boston university, boston college, educational development center (edc), and mit/wellesley scheller teacher education program (step). With support from the national science foundation (nsf) robert noyce scholarship program, the national math for america program, and private donations, mfa-boston offers a master teacher fellowship program, a teaching fellowship program for new teachers, and professional development programs which benefit both fellows and other boston area teachers of mathematics. Current mfa-boston fellows teach at 22 boston area public schools.in 2014, mfa-boston supported 15 mfa-boston master teachers and 20 mfa-boston teaching fellows with an nsf noyce grant held jointly with boston university, with a new nsf noyce grant held jointly with boston college, and with private donations. Mfa-boston directors, professors stevens and rosenberg, are co-principal investigators of the boston university grant and mfa-boston director sol friedberg is co-principal investigator of the boston college grant. Noyce grant funds go to the university partner - so these grant funds are not directly reflected in the financial records of mfa-boston. Instead, mfa-boston covers fellowship costs not covered by the noyce grants and, for the boston university fellows, mfa-boston will cover all costs when the grant ends prematurely in 2015 due to cuts mandated by sequestration (please see note on board designated account below). Four key distinguishing features of mfa-boston: 1) mfa-boston focuses on the inability of teachers to teach mathematics if they have little training in, and understanding of, mathematics. So, mfa-boston recruits graduates with strong backgrounds in mathematics and requires fellows to take graduate courses in mathematics, as well as in the teaching of mathematics. This results in teachers with deep mathematical understanding which translates into greater student understanding; 2) all mfa-boston fellows participate in the rigorous promys for teachers (pft) program: a full-time six-week summer immersion in mathematical problem solving followed by up to five school-year workshops run by the award-winning mfa-boston partner edc, to help teachers translate the mathematical insights of pft into improved student learning in the classroom; 3) mfa-boston creates a rare and mutually respectful environment in which classroom teachers and professional mathematicians work together to improve student learning; and 4) all mfa-boston fellows commit to at least four years of teaching in high needs boston area public schools. The mfa-boston master teacher program retains excellent teachers in boston area classrooms by providing exceptional practicing mathematics teachers with scholarships for advanced courses, professional development, leadership training, and salary supplements over four years. Expert facilitators run 15 hours of mathematical practice seminars (mps). Master teachers develop teaching materials, mentor early career teachers, share best practices, and design and lead workshops. They also engage in local and national leadership and acquire a respected voice in their profession. Master teachers earn their stipends and stay in the classroom. Today 85% of math for america fellows are still teaching after five years, compared to a national average among mathematics teachers of only about 50%. Mfa-boston teaching fellows receive scholarships for a masters degree in education (leading to teacher licensure), along with first year living expense stipends and salary supplements during their first four years of teaching in high needs boston area public schools. Mfa-boston provides professional development which includes multiple classroom-based practicums and inquiry-based mathematical experiences, customized workshops and seminars integrating content and classroom practice, and one-on-one mentoring by experienced teachers of mathematics (not the c

Financial Statement Notes

PART X, LINE 2:

M a-boston is exempt from federal income taxes under section 501(c) (3) of the internal revenue code, except on net income derived from unrelated business activities. M a-boston believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. M a-boston's federal exempt organization business income tax returns (form 990) is subject to examination by the irs, generally for three years after they were filed. Mfa boston is also registered as a massachusetts public charity.

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BOARD DESIGNATED CASH FOR FELLOWSHIP PAYMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0M A-BOSTON IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. M A-BOSTON BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. M A-BOSTON'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990) IS SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. MFA BOSTON IS ALSO REGISTERED AS A MASSACHUSETTS PUBLIC CHARITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANT TO BOSTON UNIVERSITY TO BE USED FOR 15 BOSTON MASTERS TEACHERS AND 20 BOSTON TEACHING FELLOWS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990. THE FINANCIAL DATA ON FORM 990 IS RECONCILED TO THE FINANCIAL INFORMATION ON THE FINANCIAL STATEMENTS. THE NON-FINANCIAL INFORMATION SUCH AS QUESTIONS CONCERNING GOVERNANCE, POLICIES AND TAX COMLIANCE ARE REVIEWED TO ENSURE THAT THEY ARE ACCURATELY ANSWERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. DISCLOSURES ARE REVIEW BY AN APPOINTED DIRECTOR AND ARE PRESENTED TO THE BOARD OF DIRECTORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS AVAILABLE FOR INSPECTION BY THE PUBLIC AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSIONAL DEVELOPMENT SERVICES: PROGRAM SERVICE EXPENSES 29,452. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,452. COORDINATOR: PROGRAM SERVICE EXPENSES 13,039. MANAGEMENT AND GENERAL EXPENSES 4,346. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,385.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FELLOWSHIP GRANTS PAYABLE -342,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PART III, LINE 4(A) MATH FOR AMERICA BOSTON (MFA-BOSTON) IS A COLLABORATION WITH BOSTON UNIVERSITY, BOSTON COLLEGE, EDUCATIONAL DEVELOPMENT CENTER (EDC), AND MIT/WELLESLEY SCHELLER TEACHER EDUCATION PROGRAM (STEP). WITH SUPPORT FROM THE NATIONAL SCIENCE FOUNDATION (NSF) ROBERT NOYCE SCHOLARSHIP PROGRAM, THE NATIONAL MATH FOR AMERICA PROGRAM, AND PRIVATE DONATIONS, MFA-BOSTON OFFERS A MASTER TEACHER FELLOWSHIP PROGRAM, A TEACHING FELLOWSHIP PROGRAM FOR NEW TEACHERS, AND PROFESSIONAL DEVELOPMENT PROGRAMS WHICH BENEFIT BOTH FELLOWS AND OTHER BOSTON AREA TEACHERS OF MATHEMATICS. CURRENT MFA-BOSTON FELLOWS TEACH AT 22 BOSTON AREA PUBLIC SCHOOLS.IN 2014, MFA-BOSTON SUPPORTED 15 MFA-BOSTON MASTER TEACHERS AND 20 MFA-BOSTON TEACHING FELLOWS WITH AN NSF NOYCE GRANT HELD JOINTLY WITH BOSTON UNIVERSITY, WITH A NEW NSF NOYCE GRANT HELD JOINTLY WITH BOSTON COLLEGE, AND WITH PRIVATE DONATIONS. MFA-BOSTON DIRECTORS, PROFESSORS STEVENS AND ROSENBERG, ARE CO-PRINCIPAL INVESTIGATORS OF THE BOSTON UNIVERSITY GRANT AND MFA-BOSTON DIRECTOR SOL FRIEDBERG IS CO-PRINCIPAL INVESTIGATOR OF THE BOSTON COLLEGE GRANT. NOYCE GRANT FUNDS GO TO THE UNIVERSITY PARTNER - SO THESE GRANT FUNDS ARE NOT DIRECTLY REFLECTED IN THE FINANCIAL RECORDS OF MFA-BOSTON. INSTEAD, MFA-BOSTON COVERS FELLOWSHIP COSTS NOT COVERED BY THE NOYCE GRANTS AND, FOR THE BOSTON UNIVERSITY FELLOWS, MFA-BOSTON WILL COVER ALL COSTS WHEN THE GRANT ENDS PREMATURELY IN 2015 DUE TO CUTS MANDATED BY SEQUESTRATION (PLEASE SEE NOTE ON BOARD DESIGNATED ACCOUNT BELOW). FOUR KEY DISTINGUISHING FEATURES OF MFA-BOSTON: 1) MFA-BOSTON FOCUSES ON THE INABILITY OF TEACHERS TO TEACH MATHEMATICS IF THEY HAVE LITTLE TRAINING IN, AND UNDERSTANDING OF, MATHEMATICS. SO, MFA-BOSTON RECRUITS GRADUATES WITH STRONG BACKGROUNDS IN MATHEMATICS AND REQUIRES FELLOWS TO TAKE GRADUATE COURSES IN MATHEMATICS, AS WELL AS IN THE TEACHING OF MATHEMATICS. THIS RESULTS IN TEACHERS WITH DEEP MATHEMATICAL UNDERSTANDING WHICH TRANSLATES INTO GREATER STUDENT UNDERSTANDING; 2) ALL MFA-BOSTON FELLOWS PARTICIPATE IN THE RIGOROUS PROMYS FOR TEACHERS (PFT) PROGRAM: A FULL-TIME SIX-WEEK SUMMER IMMERSION IN MATHEMATICAL PROBLEM SOLVING FOLLOWED BY UP TO FIVE SCHOOL-YEAR WORKSHOPS RUN BY THE AWARD-WINNING MFA-BOSTON PARTNER EDC, TO HELP TEACHERS TRANSLATE THE MATHEMATICAL INSIGHTS OF PFT INTO IMPROVED STUDENT LEARNING IN THE CLASSROOM; 3) MFA-BOSTON CREATES A RARE AND MUTUALLY RESPECTFUL ENVIRONMENT IN WHICH CLASSROOM TEACHERS AND PROFESSIONAL MATHEMATICIANS WORK TOGETHER TO IMPROVE STUDENT LEARNING; AND 4) ALL MFA-BOSTON FELLOWS COMMIT TO AT LEAST FOUR YEARS OF TEACHING IN HIGH NEEDS BOSTON AREA PUBLIC SCHOOLS. THE MFA-BOSTON MASTER TEACHER PROGRAM RETAINS EXCELLENT TEACHERS IN BOSTON AREA CLASSROOMS BY PROVIDING EXCEPTIONAL PRACTICING MATHEMATICS TEACHERS WITH SCHOLARSHIPS FOR ADVANCED COURSES, PROFESSIONAL DEVELOPMENT, LEADERSHIP TRAINING, AND SALARY SUPPLEMENTS OVER FOUR YEARS. EXPERT FACILITATORS RUN 15 HOURS OF MATHEMATICAL PRACTICE SEMINARS (MPS). MASTER TEACHERS DEVELOP TEACHING MATERIALS, MENTOR EARLY CAREER TEACHERS, SHARE BEST PRACTICES, AND DESIGN AND LEAD WORKSHOPS. THEY ALSO ENGAGE IN LOCAL AND NATIONAL LEADERSHIP AND ACQUIRE A RESPECTED VOICE IN THEIR PROFESSION. MASTER TEACHERS EARN THEIR STIPENDS AND STAY IN THE CLASSROOM. TODAY 85% OF MATH FOR AMERICA FELLOWS ARE STILL TEACHING AFTER FIVE YEARS, COMPARED TO A NATIONAL AVERAGE AMONG MATHEMATICS TEACHERS OF ONLY ABOUT 50%. MFA-BOSTON TEACHING FELLOWS RECEIVE SCHOLARSHIPS FOR A MASTERS DEGREE IN EDUCATION (LEADING TO TEACHER LICENSURE), ALONG WITH FIRST YEAR LIVING EXPENSE STIPENDS AND SALARY SUPPLEMENTS DURING THEIR FIRST FOUR YEARS OF TEACHING IN HIGH NEEDS BOSTON AREA PUBLIC SCHOOLS. MFA-BOSTON PROVIDES PROFESSIONAL DEVELOPMENT WHICH INCLUDES MULTIPLE CLASSROOM-BASED PRACTICUMS AND INQUIRY-BASED MATHEMATICAL EXPERIENCES, CUSTOMIZED WORKSHOPS AND SEMINARS INTEGRATING CONTENT AND CLASSROOM PRACTICE, AND ONE-ON-ONE MENTORING BY EXPERIENCED TEACHERS OF MATHEMATICS (NOT THE C
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5SCHEDULE O ADDITIONAL INFORMATION
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IRS990/TotalAssetsGrp/EOYAmt0741320
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IRS990/TotalEmployeeCnt00
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IRS990/TotalLiabilitiesEOYAmt0345000
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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