Civic Intelligence

Prime Factor

EIN 27-3292905 • 501(c)3 • Kirkland, WA

Profile

To foster the interest of students in math beyond of the school curriculum To provide advanced math classes to students underserved in the community To help children prepare for careers in math, science, or other fields.

6131 120th Pl NEKirkland, WA 98033

www.pfmathcircle.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

36th percentile

-5.5%

Higher net margin than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$39,871

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

57th percentile

1.3%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

56th percentile

3.4%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$107,347

Up $3,485 (+3.4%) from 2023

Liabilities

Up

$43

Up $43 from 2023

Net Assets

Up

$107,304

Up $3,442 (+3.3%) from 2023

Revenue

Up

$344,699

Up $32,971 (+11%) from 2023

Expenses

Up

$363,584

Up $51,068 (+16%) from 2023

Net Income

Down

-$18,885

Down $18,097 (-2297%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2019: $48,192Liabilities 2019: $0Net Assets 2019: $48,1922019Assets 2020: $89,452Liabilities 2020: $0Net Assets 2020: $89,4522020Assets 2021: $89,789Liabilities 2021: $0Net Assets 2021: $89,7892021Assets 2022: $104,560Liabilities 2022: $0Net Assets 2022: $104,5602022Assets 2023: $103,862Liabilities 2023: $0Net Assets 2023: $103,8622023Assets 2024: $107,347Liabilities 2024: $43Net Assets 2024: $107,3042024

Highlighted filing

2024

Assets$107,347
Liabilities$43
Net Assets$107,304

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2019: $236,369Expenses 2019: $218,433Net Income 2019: $17,9362019Revenue 2020: $319,006Expenses 2020: $277,746Net Income 2020: $41,2602020Revenue 2021: $269,892Expenses 2021: $269,555Net Income 2021: $3372021Revenue 2022: $322,200Expenses 2022: $304,203Net Income 2022: $17,9972022Revenue 2023: $311,728Expenses 2023: $312,516Net Income 2023: -$7882023Revenue 2024: $344,699Expenses 2024: $363,584Net Income 2024: -$18,8852024

Highlighted filing

2024

Revenue$344,699
Expenses$363,584
Net Income-$18,885

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Oct 10, 2024
Return Version
2023v6.0
Gross Receipts
$344,699
Mission and Program Overview

Mission

The specific objectives and purposes of this corporation are: - To foster interest of students in math and science topics and ideas that lie beyond the boundaries of school curriculum. - To design and develop new approaches to present advanced mathematical and scientific concepts in the ways that are interesting and accessible to school-age children - To provide classes in advanced math, extracurricular math, creative thinking and in other scientific topics for children whose needs may not be served at other educational places in the community. To help children prepare for careers in mathematics, science or other highly-qualified fields. To help children become creative professionals capable of achieving the top levels in their respective fields of work and ready to apply their knowledge to serve the community. - To organize various math and science-related events such as Olympiads, lectures, and presentations with the goal of reaching and educating a broader range of children

To foster the interest of students in math beyond of the school curriculum To provide advanced math classes to students underserved in the community To help children prepare for careers in math, science, or other fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$99,140$52,395▼ $46,745
Savings and Temporary Cash Investments$25$51,080▲ $51,055
Land, Buildings, and Equipment, Net$4,697$3,425▼ $1,272
Accounts Receivable-$447-
Total Assets$103,862$107,347▲ $3,485
Liabilities
Accounts Payable and Accrued Expenses-$43-
Total Liabilities$0$43▲ $43
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$103,862$107,304▲ $3,442
Total Net Assets Fund Balance$103,862$107,304▲ $3,442
Total Liabilities and Net Assets / Fund Balance$103,862$107,347▲ $3,485

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,425$37,746$41,171
Leasehold Improvements$0$22,561$22,561
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lioubov MalkinaLead TeacherFT$39,871$39,871
Anna BuragoLead TeacherFT$33,930$33,930
Andrei BuragoDirector-$17,430$17,430

Board Members and Trustees

NameTitle
Alexander VaschilloDirector
Nelli TkachDirector
Sergei DubinetsDirector
Sergei MalkinDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$5,697
Program Service Revenue
$337,947
Investment Income
$1,055
Other Revenue
$0
All Other Contributions
$5,697
Change in Net Assets
$-18,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,434
Salaries, Compensation, and Employee Benefits$150,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$108,901$2,685$0$111,586
Current Officers, Directors, Trustees, and Key Employees$56,827$16,974$0$73,801
Occupancy$62,319$10,997$0$73,316
Other Salaries and Wages$55,841$7,615$0$63,456
Payroll Taxes$10,583$2,310$0$12,893
Office Expenses$7,517$654$0$8,171
Advertising$3,309$174$0$3,483
All Other Expenses$0$3,460$0$3,460
Information Technology$1,582$138$0$1,720
Depreciation Depletion$1,018$254$0$1,272
Insurance$396$44$0$440
Other Expenses$-2$0$0$-2
Total Functional Expenses$317,280$46,304$0$363,584
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Filing and Contact Details

Filer

Filer Name
Prime Factor
EIN
27-3292905
Phone
4257654084
Address
6131 120TH PL NE, Kirkland, WA 98033

Signing Officer

Name
Anna Burago
Title
Director, Lead Teacher
Phone
4257654084
Signed
2024-10-10
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
5
Employees
5
Volunteers
15

Preparer

Firm
Pines FG LLC
Address
2114 220th Pl NE, Sammamish, WA 98074
Preparer
Irina Fedorova
Phone
4084004790
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Lead teacher Anna Burago is related by family to director Andrei Burago, and lead teacher Luba Malkina is similarly related by family to director Sergey Malkin.

Pt VI, Line 8B

The organization does not have any committees authorized to act on behalf of the board of directors.

Pt VI, Line 11B

All board members will receive their copies of the 990. They will have the opportunity to review it and provide their feedback.

Pt VI, Line 12C

The Prime Factors conflict of interest policy is a part of Prime Factor bylaws. The purpose of this conflict of interest policy is to protect this tax-exempt corporations interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer of director of the corporation, as defined in section 45958(f)(1) and as amplified by section 53.4958-3. The policy is intended to supplement but not replace any applicable state and federal law governing conflict of interest applicable to nonprofit and charitable organizations. The procedures include these parts: duty to disclose, determining whether a conflict of interests exists, procedures for addressing the conflict of interest.

Pt VI, Line 15A

The Board explored compensation levels paid by similarly situated organizations, both taxable and tax-exempt. For functionally comparable positions. Similarly situated organizations are those of similar size, purpose, and with similar resources.

Pt VI, Line 15B

The Board explored compensation levels paid by similarly situated organizations, both taxable and tax-exempt. For functionally comparable positions. Similarly situated organizations are those of similar size, purpose, and with similar resources.

Pt VI, Line 19

Available upon request.

Form 990, Part IX, Line 11G

Professional fees 98325. 98325.

Form 990, Part IX, Line 11G

Adp service fees 1543. 1543.

Form 990, Part IX, Line 11G

Bank fees 11422. 10280. 1142.

Form 990, Part IX, Line 11G

Competitions fees 296. 296.

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IRS990/Desc0During the 2023-24 school year, prime factor achieved several milestones as a nonprofit organization. We served over 320 students by providing year-long stem classes in mathematics and computer science. Our unique advanced classes included math circles for students in grades 2, 3-4, 4-5, 5-6, 6-7, and 8-9, as well as programming classes in Scratch, AppLab, Python, JavaScript, electrical engineering with Arduino, and Java for students in grades 3 up to upper high school. We also offered coding competition and math contest preparation classes, and organized several mathematical contests such as math kangaroo, and noetic learning. In addition, we organized the Logic Land 2024, a family math festival, which was attended by more than 250 children, and their parents. As a nonprofit organization, we also made a positive impact by participating in efforts to help children from the families recently displaced by war or experiencing economic hardship. We offered free and discounted classes for children whose families were affected by economic hardship. Our Logic Land festival was free for families with financial need (https://sites.google.com/view/logicland2024/home). We keep providing free online coding classes to students in Odessa, Ukraine. Our teachers actively participated in preparation an organization of Math Hour Olympiad, a unique oral math competition for Middle school children free to all participants. https://sites.math.washington.edu/~mathcircle/mathhour/olympiad.html Math Hour Olympiad is a renowned math contest organized by numerous math professionals volunteering for the event, and coordinated by the Math department of the University of Washington. Overall, these achievements demonstrate prime factors commitment to providing high-quality stem education and making a positive impact in our community and beyond.
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt051080
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt05550
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt04272
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03153
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0630
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt08776
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0310230
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01543942
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportPY509Pct00.99550
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt05550
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0322200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0269892
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0319006
IRS990ScheduleA/Total509Grp/TotalAmt01566470
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt037746
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041171
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022561
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Lead teacher Anna Burago is related by family to director Andrei Burago, and lead teacher Luba Malkina is similarly related by family to director Sergey Malkin.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization does not have any committees authorized to act on behalf of the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All board members will receive their copies of the 990. They will have the opportunity to review it and provide their feedback.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Prime Factors conflict of interest policy is a part of Prime Factor bylaws. The purpose of this conflict of interest policy is to protect this tax-exempt corporations interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer of director of the corporation, as defined in section 45958(f)(1) and as amplified by section 53.4958-3. The policy is intended to supplement but not replace any applicable state and federal law governing conflict of interest applicable to nonprofit and charitable organizations. The procedures include these parts: duty to disclose, determining whether a conflict of interests exists, procedures for addressing the conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board explored compensation levels paid by similarly situated organizations, both taxable and tax-exempt. For functionally comparable positions. Similarly situated organizations are those of similar size, purpose, and with similar resources.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board explored compensation levels paid by similarly situated organizations, both taxable and tax-exempt. For functionally comparable positions. Similarly situated organizations are those of similar size, purpose, and with similar resources.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL FEES 98325. 98325.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ADP SERVICE FEES 1543. 1543.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BANK FEES 11422. 10280. 1142.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10COMPETITIONS FEES 296. 296.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 11g
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046304
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0317280
IRS990/TotalFunctionalExpensesGrp/TotalAmt0363584
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IRS990/TotalLiabilitiesGrp/EOYAmt043
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0107304
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IRS990/TotalReportableCompFromOrgAmt091231
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0339002
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0344699
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0Kirkland
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098033
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IRS990/WebsiteAddressTxt0WWW.PFMATHCIRCLE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNA BURAGO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR, LEAD TEACHER
ReturnHeader/BusinessOfficerGrp/PhoneNum04257654084
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRIME FACTOR
ReturnHeader/Filer/BusinessNameControlTxt0PRIM
ReturnHeader/Filer/EIN0273292905
ReturnHeader/Filer/PhoneNum04257654084
ReturnHeader/Filer/USAddress/AddressLine1Txt06131 120TH PL NE
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0815071359
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Pines FG LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02114 220th Pl NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sammamish
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098074
ReturnHeader/PreparerPersonGrp/PhoneNum04084004790
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-13

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