Civic Intelligence

Pro Mathematica Arte

990 • Fiscal year 2024 • EIN 41-1912690

Sep 01, 2023 to Aug 31, 2024 • Filed on Jun 02, 2025

CO Goodney Etter PA PO Box 347Northfield, MN 55057

(507) 645-6440

Siviq Scores

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

Liabilities / Assets

55th percentile

0.16x

Higher debt load relative to assets than 55% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.43x

Higher debt load relative to revenue than 72% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

27th percentile

-4.6%

Higher net margin than 27% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

24th percentile

$25,300

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

73rd percentile

15%

Faster asset growth than 73% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

38%

Faster revenue growth than 79% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,465,858

Up $701,142 (+15%) from 2023

Net Assets

Up

$4,602,884

Up $561,573 (+14%) from 2023

Liabilities

Up

$862,974

Up $139,569 (+19%) from 2023

Revenue

Up

$2,014,759

Up $553,116 (+38%) from 2023

Expenses

Up

$2,106,996

Up $593,925 (+39%) from 2023

Net Income

Down

-$92,237

Down $40,809 (-79%) from 2023

Historical Trend

Balance Sheet Trend

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

$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

2024

Assets$5,465,858
Liabilities$862,974
Net Assets$4,602,884

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2024

Revenue$2,014,759
Expenses$2,106,996
Net Income-$92,237
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jun 2, 2025
Return Version
2023v6.0
Gross Receipts
$2,157,824
Mission and Program Overview

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,669,039$4,298,162▲ $629,123
Savings and Temporary Cash Investments$763,417$914,376▲ $150,959
Cash and Non-Interest-Bearing Accounts$326,771$250,568▼ $76,203
Land, Buildings, and Equipment, Net$4,912$2,752▼ $2,160
Prepaid Expenses and Deferred Charges$577--
Total Assets$4,764,716$5,465,858▲ $701,142
Liabilities
Deferred Revenue$701,995$847,365▲ $145,370
Accounts Payable and Accrued Expenses$21,410$15,609▼ $5,801
Total Liabilities$723,405$862,974▲ $139,569
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,041,311$4,602,884▲ $561,573
Total Net Assets Fund Balance$4,041,311$4,602,884▲ $561,573
Total Liabilities and Net Assets / Fund Balance$4,764,716$5,465,858▲ $701,142

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$255$26,237$26,492
Equipment$2,497$14,092$16,589
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tara HolmPresidentPT$25,300$25,300
Deanna HaunspergerTreasurer-$16,500$16,500
Bela BajnokSecretary-$13,200$13,200
Kiran KedlayaChair-$5,600$5,600

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,830,554
Investment Income
$184,205
Other Revenue
$0
Change in Net Assets
$-92,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,841,401
Grants and Similar Amounts Paid$142,943
Salaries, Compensation, and Employee Benefits$122,652
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$142,943--$142,943
Other Salaries and Wages-$113,907-$113,907
Fees for Services Management-$92,435-$92,435
Fees for Services Other$53,815$23,007-$76,822
Travel$24,643$26,816-$51,459
Advertising-$20,246-$20,246
Fees for Services Accounting-$19,200-$19,200
Conferences and Meetings-$14,600-$14,600
Office Expenses$5,151$6,143-$11,294
Payroll Taxes-$8,745-$8,745
Insurance-$8,337-$8,337
Fees for Service Investment Mgmnt Fees-$4,358-$4,358
Information Technology-$2,481-$2,481
Depreciation Depletion$2,160--$2,160
Other Expenses$1,874$4,541-$1,874
All Other Expenses$624$480-$1,104
Fees for Services Legal-$735-$735
Total Functional Expenses$1,760,965$346,031$0$2,106,996
International Activity

International Summary

Employees
1
Spending
$1,523,692

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$1,523,692
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
2025-06-02
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

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.

Form 990, Part XI, Line 9

Unrealized gains on investments 653,810 net unrealized loss 0 total 653,810

Raw XML AppendixShowing 400 of 437 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/MissionDesc0PRO 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.
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt064284
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt060600
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt059142
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01830554
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt042909
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06323718
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt070627
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IRS990ScheduleA/InvestmentIncomePYPct00.04000
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016589
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0255
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026492
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MATH EDUCATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt110000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt226943
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1SCHOLARSHIPS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2BEAR MATH GRANT
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalSpentAmt01523692
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0EUROPE 1,523,692 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
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IRS990ScheduleF/TotalSpentAmt01523692
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRO 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.
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 653,810 NET UNREALIZED LOSS 0 TOTAL 653,810
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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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TravelGrp/ManagementAndGeneralAmt026816
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Document Assets

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Filings

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