Civic Intelligence

Pro Mathematica Arte

EIN 41-1912690 • 501(c)3 • Northfield, MN

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Profile

Pro mathematica arte runs the budapest semesters in mathematics program (bsm)and the budapest semesters in mathematics education program (bsme). The specific purpose of bsm and bsme is to promote the study of mathematical sciences (including computer science) and mathematics education through the beneficial effect of the international and educational exchange and cooperation on such study. To serve this mission bsm and bsme closely cooperate with the hungarian mathematics and mathematics education communities relying on and supporting the deep rooted traditions of excellence in mathematics education and research in hungary.

CO Goodney Etter PA PO Box 347Northfield, MN 55057

www.budapestsemesters.com

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.14x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

71st percentile

0.41x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

44th percentile

2.1%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

59th percentile

8.1%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

32nd percentile

-0.9%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$5,908,021

Up $442,163 (+8.1%) from 2024

Liabilities

Down

$811,767

Down $51,207 (-5.9%) from 2024

Net Assets

Up

$5,096,254

Up $493,370 (+11%) from 2024

Operations
Liabilities / Revenue71st percentileNet Margin44th percentile

Revenue

Down

$1,995,618

Down $19,141 (-1.0%) from 2024

Expenses

Down

$1,953,341

Down $153,655 (-7.3%) from 2024

Net Income

Up

$42,277

Up $134,514 (+146%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,251,327Liabilities 2010: $532,624Net Assets 2010: $718,7032010Assets 2011: $1,539,665Liabilities 2011: $558,841Net Assets 2011: $980,8242011Assets 2012: $1,690,453Liabilities 2012: $578,877Net Assets 2012: $1,111,5762012Assets 2013: $2,121,812Liabilities 2013: $667,225Net Assets 2013: $1,454,5872013Assets 2014: $2,560,774Liabilities 2014: $648,172Net Assets 2014: $1,912,6022014Assets 2015: $2,781,072Liabilities 2015: $803,707Net Assets 2015: $1,977,3652015Assets 2016: $3,183,867Liabilities 2016: $857,496Net Assets 2016: $2,326,3712016Assets 2017: $3,511,971Liabilities 2017: $716,571Net Assets 2017: $2,795,4002017Assets 2018: $4,134,938Liabilities 2018: $861,931Net Assets 2018: $3,273,0072018Assets 2019: $4,286,587Liabilities 2019: $741,710Net Assets 2019: $3,544,8772019Assets 2020: $4,153,451Liabilities 2020: $27,098Net Assets 2020: $4,126,3532020Assets 2021: $4,912,016Liabilities 2021: $571,200Net Assets 2021: $4,340,8162021Assets 2022: $4,415,084Liabilities 2022: $498,547Net Assets 2022: $3,916,5372022Assets 2023: $4,764,716Liabilities 2023: $723,405Net Assets 2023: $4,041,3112023Assets 2024: $5,465,858Liabilities 2024: $862,974Net Assets 2024: $4,602,8842024Assets 2025: $5,908,021Liabilities 2025: $811,767Net Assets 2025: $5,096,2542025

Highlighted filing

2025

Assets$5,908,021
Liabilities$811,767
Net Assets$5,096,254
Open 2025 Filing

Operations Trend

Revenue Growth32nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $819,6912010Revenue 2011: $911,404Expenses 2011: $812,361Net Income 2011: $99,0432011Revenue 2012: $1,011,508Expenses 2012: $950,049Net Income 2012: $61,4592012Expenses 2013: $1,059,5502013Revenue 2014: $1,548,813Expenses 2014: $1,203,117Net Income 2014: $345,6962014Revenue 2015: $1,614,778Expenses 2015: $1,403,586Net Income 2015: $211,1922015Revenue 2016: $1,967,568Expenses 2016: $1,644,257Net Income 2016: $323,3112016Revenue 2017: $2,134,463Expenses 2017: $1,748,549Net Income 2017: $385,9142017Revenue 2018: $2,028,646Expenses 2018: $1,786,790Net Income 2018: $241,8562018Revenue 2019: $2,289,883Expenses 2019: $1,943,214Net Income 2019: $346,6692019Revenue 2020: $1,916,544Expenses 2020: $1,781,133Net Income 2020: $135,4112020Revenue 2021: $389,234Expenses 2021: $827,193Net Income 2021: -$437,9592021Revenue 2022: $1,556,937Expenses 2022: $1,288,326Net Income 2022: $268,6112022Revenue 2023: $1,461,643Expenses 2023: $1,513,071Net Income 2023: -$51,4282023Revenue 2024: $2,014,759Expenses 2024: $2,106,996Net Income 2024: -$92,2372024Revenue 2025: $1,995,618Expenses 2025: $1,953,341Net Income 2025: $42,2772025

Highlighted filing

2025

Revenue$1,995,618
Expenses$1,953,341
Net Income$42,277
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,908,021
Liabilities
$811,767
Net assets
$5,096,254
Revenue
$1,995,618
Expenses
$1,953,341
Net income
$42,277
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.91$0.81$5.10$2.00$1.95$0.04
2024Detailed filing. Detailed filing data is available for this year.$5.47$0.86$4.60$2.01$2.11$0.09
2023Detailed filing. Detailed filing data is available for this year.$4.76$0.72$4.04$1.46$1.51$0.05
2022Detailed filing. Detailed filing data is available for this year.$4.42$0.50$3.92$1.56$1.29$0.27
2021Detailed filing. Detailed filing data is available for this year.$4.91$0.57$4.34$0.39$0.83$0.44
2020Detailed filing. Detailed filing data is available for this year.$4.15$0.03$4.13$1.92$1.78$0.14
2019Detailed filing. Detailed filing data is available for this year.$4.29$0.74$3.54$2.29$1.94$0.35
2018Detailed filing. Detailed filing data is available for this year.$4.13$0.86$3.27$2.03$1.79$0.24
2017Detailed filing. Detailed filing data is available for this year.$3.51$0.72$2.80$2.13$1.75$0.39
2016Detailed filing. Detailed filing data is available for this year.$3.18$0.86$2.33$1.97$1.64$0.32
2015Detailed filing. Detailed filing data is available for this year.$2.78$0.80$1.98$1.61$1.40$0.21
2014Detailed filing. Detailed filing data is available for this year.$2.56$0.65$1.91$1.55$1.20$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.67$1.45$1.06
2012Summary only. Only limited summary data is available for this year.$1.69$0.58$1.11$1.01$0.95$0.06
2011Summary only. Only limited summary data is available for this year.$1.54$0.56$0.98$0.91$0.81$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.53$0.72$0.82
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2024 to Aug 31, 2025
Signed
Feb 2, 2026
Return Version
2024v5.0
Gross Receipts
$2,071,683
Mission and Program Overview

Mission

Pro mathematica arte runs the budapest semesters in mathematics program (bsm). The specific purpose of bsm is to promote the study of mathematical sciences, including computer science, through the beneficial effect of the international and educational exchange and cooperation on such study. To serve this mission bsm closely cooperates with the hungarian mathematical community relying on and supporting the deep rooted traditions of excellence in mathematics education and research in hungary.

The mission of pro mathematica arte (pma) is to promote the study of mathematical sciences through the beneficial effect of international scientific and educational exchange and cooperation on such study. To serve this mission pma will closely cooperate with the hungarian mathematical community, relying on and supporting the deep-rooted traditions of excellence in mathematics education and research in hungary.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,298,162$4,866,776▲ $568,614
Savings and Temporary Cash Investments$914,376$874,901▼ $39,475
Cash and Non-Interest-Bearing Accounts$250,568$163,388▼ $87,180
Land, Buildings, and Equipment, Net$2,752$2,956▲ $204
Total Assets$5,465,858$5,908,021▲ $442,163
Liabilities
Deferred Revenue$847,365$803,280▼ $44,085
Accounts Payable and Accrued Expenses$15,609$8,487▼ $7,122
Total Liabilities$862,974$811,767▼ $51,207
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,602,884$5,096,254▲ $493,370
Total Net Assets Fund Balance$4,602,884$5,096,254▲ $493,370
Total Liabilities and Net Assets / Fund Balance$5,465,858$5,908,021▲ $442,163

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$183$26,309$26,492
Equipment$2,773$15,548$18,321
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Deanna HaunspergerTreasurer$16,500$16,500
Bela BajnokSecretary$13,200$13,200
Kiran KedlayaChair$5,600$5,600

Board Members and Trustees

NameTitle
Tara HolmPresident
Andras StipsiczDirector
Andrew BeveridgeDirector
Dezso MiklosDirector
Elizabeth MilicevicDirector
Laszlo BabaiDirector
Miklos AbertDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,792,496
Investment Income
$203,122
Other Revenue
$0
Change in Net Assets
$42,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,648,724
Grants and Similar Amounts Paid$157,000
Salaries, Compensation, and Employee Benefits$147,617
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$157,000--$157,000
Other Salaries and Wages-$137,108-$137,108
Fees for Services Other$106,755$24,878-$131,633
Fees for Services Management-$91,546-$91,546
Travel$18,474$29,776-$48,250
Fees for Services Accounting-$19,200-$19,200
Advertising-$16,159-$16,159
Conferences and Meetings-$15,759-$15,759
Payroll Taxes-$10,509-$10,509
All Other Expenses$8,540$505-$9,045
Office Expenses$1,788$6,848-$8,636
Insurance-$8,180-$8,180
Fees for Service Investment Mgmnt Fees-$5,018-$5,018
Other Expenses$9,281$4,322-$4,322
Information Technology-$2,601-$2,601
Depreciation Depletion$1,528--$1,528
Fees for Services Legal-$436-$436
Total Functional Expenses$1,580,496$372,845$0$1,953,341
International Activity

International Summary

Employees
1
Spending
$1,268,801

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesMath Education-1$1,268,801
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
No
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
No
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, Page 6, Part VI, Line 11B

“Treasurer reviews the form 990.”

Form 990, Page 6, Part VI, Line 15B

“The board specifically sets all compensation; individuals to be compensated recuse their vote.”

Form 990, Page 6, Part VI, Line 19

“Upon request, by e-mail or by written request to the treasurer or president.”

Filing and Contact Details

Filer

Filer Name
Pro Mathematica Arte
EIN
41-1912690
Phone
5076456440
Address
CO GOODNEY ETTER PA PO BOX 347, NORTHFIELD, MN 55057

Signing Officer

Name
Deanna Haunsperger
Title
Treasurer
Phone
5076456440
Signed
2026-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tara Holm
Formed
1998
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
6

Preparer

Firm
Goodney & Etter Pa
Address
319 DIVISION ST PO BOX 347, NORTHFIELD, MN 55057-0347
Preparer
Ann Etter
Phone
5076630861
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of pro mathematica arte (pma) is to promote the study of mathematical sciences through the beneficial effect of international scientific and educational exchange and cooperation on such study. To serve this mission pma will closely cooperate with the hungarian mathematical community, relying on and supporting the deep-rooted traditions of excellence in mathematics education and research in hungary.”

Form 990, Part XI, Line 9

“Unrealized gains on investments 0 net unrealized loss 0”

Raw XML AppendixShowing 400 of 436 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/InsuranceGrp/ManagementAndGeneralAmt08180
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IRS990/MissionDesc0THE MISSION OF PRO MATHEMATICA ARTE (PMA) IS TO PROMOTE THE STUDY OF MATHEMATICAL SCIENCES THROUGH THE BENEFICIAL EFFECT OF INTERNATIONAL SCIENTIFIC AND EDUCATIONAL EXCHANGE AND COOPERATION ON SUCH STUDY. TO SERVE THIS MISSION PMA WILL CLOSELY COOPERATE WITH THE HUNGARIAN MATHEMATICAL COMMUNITY, RELYING ON AND SUPPORTING THE DEEP-ROOTED TRADITIONS OF EXCELLENCE IN MATHEMATICS EDUCATION AND RESEARCH IN HUNGARY.
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0FEES TO COLLEGE INTERNTL
IRS990/OtherExpensesGrp/Desc1PMA PRGORAM REVIEW EXP
IRS990/OtherExpensesGrp/Desc2FULLBRIGHT SUPPORT
IRS990/OtherExpensesGrp/Desc3OTHER ADMINISTRATIVE EXP.
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04322
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IRS990/OtherExpensesGrp/ProgramServicesAmt111599
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IRS990/OtherExpensesGrp/TotalAmt29281
IRS990/OtherExpensesGrp/TotalAmt34322
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt064284
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt060600
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0343413
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01792496
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01830554
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01327792
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt042909
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06306192
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt076781
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0343413
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IRS990ScheduleA/InvestmentIncomePYPct00.05000
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IRS990ScheduleA/PublicSupportCY509Pct00.94840
IRS990ScheduleA/PublicSupportPY509Pct00.95100
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IRS990ScheduleA/Total509Grp/TotalAmt06306192
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01901181
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01392076
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06649605
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IRS990ScheduleD/EquipmentGrp/BookValueAmt02773
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0183
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026309
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt02956
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MATH EDUCATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt140000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt267000
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1SCHOLARSHIPS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2SCHOLARSHIPS
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0EUROPE 1,268,801 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF PRO MATHEMATICA ARTE (PMA) IS TO PROMOTE THE STUDY OF MATHEMATICAL SCIENCES THROUGH THE BENEFICIAL EFFECT OF INTERNATIONAL SCIENTIFIC AND EDUCATIONAL EXCHANGE AND COOPERATION ON SUCH STUDY. TO SERVE THIS MISSION PMA WILL CLOSELY COOPERATE WITH THE HUNGARIAN MATHEMATICAL COMMUNITY, RELYING ON AND SUPPORTING THE DEEP-ROOTED TRADITIONS OF EXCELLENCE IN MATHEMATICS EDUCATION AND RESEARCH IN HUNGARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TREASURER REVIEWS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD SPECIFICALLY SETS ALL COMPENSATION; INDIVIDUALS TO BE COMPENSATED RECUSE THEIR VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST, BY E-MAIL OR BY WRITTEN REQUEST TO THE TREASURER OR PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNREALIZED GAINS ON INVESTMENTS 0 NET UNREALIZED LOSS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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