Civic Intelligence

Math Circles of Chicago

990 • Fiscal year 2024 • EIN 45-2071512

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 26, 2024

2907 S Wabash Ste 100BChicago, IL 60616

(773) 968-3141

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

53rd percentile

6.4%

Higher net margin than 53% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$121,809

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

71st percentile

15%

Faster asset growth than 71% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

23%

Faster revenue growth than 68% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$409,924

Up $54,709 (+15%) from 2023

Net Assets

Up

$409,924

Up $54,709 (+15%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$854,681

Up $161,359 (+23%) from 2023

Expenses

Up

$799,848

Up $114,018 (+17%) from 2023

Net Income

Up

$54,833

Up $47,341 (+632%) from 2023

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2017: $105,809Liabilities 2017: $02017Assets 2018: $105,782Liabilities 2018: $02018Assets 2019: $115,348Liabilities 2019: $02019Assets 2020: $126,548Liabilities 2020: $14,402Net Assets 2020: $112,1462020Assets 2021: $233,477Liabilities 2021: $0Net Assets 2021: $233,4772021Assets 2022: $347,723Liabilities 2022: $0Net Assets 2022: $347,7232022Assets 2023: $355,215Liabilities 2023: $0Net Assets 2023: $355,2152023Assets 2024: $409,924Liabilities 2024: $0Net Assets 2024: $409,9242024Assets 2025: $470,992Liabilities 2025: $23,822Net Assets 2025: $447,1702025

Highlighted filing

2024

Assets$409,924
Liabilities$0
Net Assets$409,924

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $115,482Expenses 2017: $87,518Net Income 2017: $27,9642017Revenue 2018: $133,379Expenses 2018: $133,406Net Income 2018: -$272018Revenue 2019: $188,578Expenses 2019: $179,012Net Income 2019: $9,5662019Revenue 2020: $284,866Expenses 2020: $273,666Net Income 2020: $11,2002020Revenue 2021: $378,363Expenses 2021: $271,434Net Income 2021: $106,9292021Revenue 2022: $518,881Expenses 2022: $404,635Net Income 2022: $114,2462022Revenue 2023: $693,322Expenses 2023: $685,830Net Income 2023: $7,4922023Revenue 2024: $854,681Expenses 2024: $799,848Net Income 2024: $54,8332024Revenue 2025: $1,064,249Expenses 2025: $1,044,104Net Income 2025: $20,1452025

Highlighted filing

2024

Revenue$854,681
Expenses$799,848
Net Income$54,833
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 26, 2024
Return Version
2023v5.1
Gross Receipts
$854,681
Mission and Program Overview

Mission

Math circles of chicago creates opportunities for all children across chicago to develop a passion for mathematics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$355,215$290,131▼ $65,084
Savings and Temporary Cash Investments-$119,793-
Total Assets$355,215$409,924▲ $54,709
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$355,215$409,924▲ $54,709
Total Net Assets Fund Balance$355,215$409,924▲ $54,709
Total Liabilities and Net Assets / Fund Balance$355,215$409,924▲ $54,709
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DOUGLAS O'ROARKExecutive DirectorFT$119,210$2,599$121,809

Board Members and Trustees

NameTitle
Pj KarafiolChair
Amie WilkinsonDirector
Archana RanaDirector
Benitta JonesDirector
Corey MorrisonDirector
Gail WardDirector
Janice JacksonDirector
Jen TurnerDirector
Jennika Gold ThomasDirector
Jose BacaDirector
Lawrence TanzmanDirector
Troy BoccelliDirector
Vishal ShahDirector
Sendhil RevuluriSecretary
Gary JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$852,970
Program Service Revenue
$0
Investment Income
$911
Other Revenue
$800
All Other Contributions
$852,970
Change in Net Assets
$54,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$854,681
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$21,556
Total Revenue per Audited Statements
$876,237
Total Revenue per Form 990
$854,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$420,610
Other Expenses$379,238
Total Fundraising Expense$96,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$235,819$24,767-$260,586
Fees for Services Other$143,237-$83,967$227,204
Current Officers, Directors, Trustees, and Key Employees$64,154$32,077$10,692$106,923
Payroll Taxes$35,931$6,651$1,404$43,986
Fees for Services Legal-$29,466-$29,466
Office Expenses-$15,891-$15,891
Insurance$15,864--$15,864
Advertising$14,172--$14,172
Occupancy$11,722$1,800-$13,522
Travel$3,717$6,329-$10,046
Fees for Services Accounting-$9,750-$9,750
Pension Plan Contributions$9,115--$9,115
Information Technology-$6,355-$6,355
Other Expenses$32,064$4,904-$4,904
Total Functional Expenses$565,795$137,990$96,063$799,848

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$821,528
Expenses per Audited Statements$799,848
Total Expenses per Form 990$799,848
Expenses Not Reported on Form 990$21,680
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
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
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, Part VI, Section B, Line 11B

Form 990 is reviewed and approved by the governing body at the subsequent board meeting

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

Conflict of interest policy is reviewed annually at a board meeting

Form 990, Part VI, Section B, Line 15B

All wages for employees are reviewed and approved annually by the board of directors. The organization receives compensation reports for benchmarking and all wages are approved by the board annually.

Form 990, Part VI, Section C, Line 19

Governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Math Circles of Chicago
EIN
45-2071512
Phone
7739683141
Address
2907 S WABASH STE 100B, CHICAGO, IL 60616

Signing Officer

Name
DOUG O'ROARK
Title
Executive Director
Phone
7739683141
Signed
2024-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
DOUG O'ROARK
Formed
2010
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
40

Preparer

Firm
Porte Brown LLC
Address
9014 HERITAGE PARKWAY SUITE 308, WOODRIDGE, IL 60517
Preparer
Megan Angle
Phone
7084291040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractual services: program service expenses 143,237. Management and general expenses 0. Fundraising expenses 83,967. Total expenses 227,204.

Financial Statement Notes

PART X, LINE 2:

The organization has adopted the provision of asc topic 740, income taxes, relating to the accounting for uncertainty in income taxes. The organization files information returns in the u.s. Federal jurisdiction, and the state of illinois. Management is not aware of any uncertain tax positions.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06651
IRS990/PayrollTaxesGrp/ProgramServicesAmt035931
IRS990/PayrollTaxesGrp/TotalAmt043986
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09115
IRS990/PensionPlanContributionsGrp/TotalAmt09115
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DOUG O'ROARK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0IN JULY 2023 WE SERVED 400 STUDENTS IN WEEK-LONG ONLINE SUMMER CAMP PROGRAMS, WITH A SATISFACTION RATE OF 90%.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt095337
IRS990/ProgSrvcAccomActy3Grp/Desc0IN DECEMBER 2023 WE HELD OUR ANNUAL MATH SYMPOSIUM, SERVING 135 STUDENTS IN GRADES 5 TO 12, A 29% INCREASE IN PARTICIPANTS OVER THE PREVIOUS YEAR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt022560
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0693322
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0389819
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt07492
IRS990/PYSalariesCompEmpBnftPaidAmt0296011
IRS990/PYTotalExpensesAmt0685830
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0693322
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt054833
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0800
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0119793
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt025198
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt032000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt041559
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt021115
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt039324
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0159196
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0852970
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0693322
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0518881
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0378363
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0284866
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02728402
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0911
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0911
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0911
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0911
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0800
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0800
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94110
IRS990ScheduleA/PublicSupportPY509Pct00.92090
IRS990ScheduleA/PublicSupportTotal509Amt02569206
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt025198
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt032000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt041559
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt021115
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt039324
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0159196
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0852970
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0693322
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0518881
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0378363
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0284866
IRS990ScheduleA/Total509Grp/TotalAmt02728402
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0854681
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0693322
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0518881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0378363
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0284866
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02730113
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt021680
IRS990ScheduleD/DonatedServicesUseFcltsAmt021680
IRS990ScheduleD/ExpensesNotReportedAmt021680
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0799848
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-124
IRS990ScheduleD/RevenueNotReportedAmt021556
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0854681
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISION OF ASC TOPIC 740, INCOME TAXES, RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF ILLINOIS. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0799848
IRS990ScheduleD/TotalRevenuePerForm990Amt0854681
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0876237
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0821528
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY AT THE SUBSEQUENT BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AT A BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL WAGES FOR EMPLOYEES ARE REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. THE ORGANIZATION RECEIVES COMPENSATION REPORTS FOR BENCHMARKING AND ALL WAGES ARE APPROVED BY THE BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 143,237. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 83,967. TOTAL EXPENSES 227,204.
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0355215
IRS990/TotalAssetsEOYAmt0409924
IRS990/TotalAssetsGrp/BOYAmt0355215
IRS990/TotalAssetsGrp/EOYAmt0409924
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0852970
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt096063

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