Liabilities / Assets
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
97th percentile
Higher net margin than 97% of similar nonprofits.
Top Officer Pay
74th percentile
Higher top officer pay than 74% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
92nd percentile
Faster asset growth than 92% of similar nonprofits.
Revenue Growth
85th percentile
Faster revenue growth than 85% of similar nonprofits.
Balance Sheet
Assets
Up$381,338
Up $207,300 (+119%) from 2013
Net Assets
$381,338
No earlier filing loaded for comparison.
Liabilities
Flat$0
Flat from 2013
Revenue And Expenses
Revenue
Up$243,237
Up $80,731 (+50%) from 2013
Expenses
Up$35,937
Up $22,761 (+173%) from 2013
Net Income
Up$207,300
Up $57,970 (+39%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Aug 10, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $243,237
Mission and Program Overview
Mission
All activities of the promys foundation are designed to serve a single purpose: to support the non-profit program in mathematics for young scientists (promys) whose mission is finding and nurturing talent in mathematics. The promys program is a program of boston university, an organization described in section 501(c)(3) and section 170(b)(i)(a)(ii). The activities of the promys foundation will center on fundraising with the primary goal being to provide funds to promys to fund student scholarships.
Promys foundation exists to support promys (program in mathematics for young scientists)
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $174,038 | $283,174 | ▲ $109,136 |
| Total Assets | $174,038 | $381,338 | ▲ $207,300 |
| Other Assets Total | $0 | $98,164 | ▲ $98,164 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $174,038 | $262,174 | ▲ $88,136 |
| Temporarily Rstr Net Assets | - | $119,164 | - |
| Total Net Assets Fund Balance | $174,038 | $381,338 | ▲ $207,300 |
| Total Liabilities and Net Assets / Fund Balance | $174,038 | $381,338 | ▲ $207,300 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $98,164 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2014 | $0 | $98,164 | → $0 | $0 | $98,164 |
| 2013 | $0 | $0 | → $0 | $0 | - |
| 2012 | $0 | $0 | → $0 | $0 | - |
| 2011 | $0 | $0 | → $0 | $0 | - |
| 2010 | $0 | $0 | → $0 | $0 | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Joshua Greene | President and Trustee |
| Hai PO Sun | Vice President and Trustee |
| Cameron Freer | Secretary and Trustee |
| Glenn Stevens | Treasurer and Trustee |
| Amanda Beeson Tucker | Trustee |
| Henry Cohn | Trustee |
| Ila Varma | Trustee |
| Jonathan Hanke | Trustee |
| Li-mei Lim | Trustee |
| Marjory Baruch | Trustee |
| Michael King | Trustee |
| Paul Sherman | Trustee |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $242,522
- Program Service Revenue
- $715
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $242,522
- Change in Net Assets
- $207,300
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $33,897 |
| Other Expenses | $2,040 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $33,897 | - | - | $33,897 |
| Fees for Services Other | - | $2,040 | - | $2,040 |
| Total Functional Expenses | $33,897 | $2,040 | $0 | $35,937 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Math for America Boston Inc | Boston, MA | 501c3 | Support of Promys for Teachers Program | $26,016 |
| Boston University (promys Designation) | Boston, MA | 501c3 | FOR 2 STUDENTS' PARTICIPATION IN PROMYS | $6,600 |
| Boston University (promys Designation) | Boston, MA | 501c3 | Provide Opportunity for Participants in Promys to Experience a Baseball Game | - |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
“Board of trustees review and approve the form 990 before submission.”
Form 990, Part VI, Section B, Line 12C
“Disclosure statements are required to submitted annually by each trustee. The board of trustees appoints a trustee to review these submissions and provide a report to the board.”
Form 990, Part VI, Section C, Line 19
“The foundation makes its form 1023, form 990 and its orgizational documents available for public inspection upon request and via the massachusetts public charity website.”
Filing and Contact Details
Filer
- Filer Name
- Promys Foundation
- EIN
- 45-2917981
- Phone
- 6173532563
- Address
- PO BOX 15502, BOSTON, MA 02215
Signing Officer
- Name
- Glenn Stevens
- Title
- Treasurer
- Phone
- 6173532563
- Signed
- 2015-08-10
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Glenn Stevens
- Formed
- 2011
- Legal Domicile
- Ma
- Voting Board Members
- 12
- Independent Board Members
- 12
- Employees
- 0
- Volunteers
- 13
Preparer
- Firm
- Gosule Butkus & Jesson Llp
- Address
- 480 ADAMS STREET, MILTON, MA 02186
- Preparer
- James L Oslin CPA
- Phone
- 6176983950
Supplemental Narrative
Additional Explanations
Schedule O Additional Information
“Breakout fellowships term endowment (temporarily restricted contributions) - terence tao, richard taylor, and jacob lurie, recipients of the inaugural breakthrough prizes in mathematics, very generously created the breakout fellowship to promys. The breakout fellowship is a full scholarship to promys for a mathematically talented student who might not otherwise be able to attend. With the goal of creating a fully funded breakout fellowship to promys endowment, the promys alum community was invited in december 2014 to match the very generous donation of the breakthrough mathematicians. Thanks to the generosity and vision of all the donors, this endowment goal was reached in march 2015. The future of the breakout fellowships to promys is now assured: there will be a breakout fellow in every promys cohort from this year on. The promys foundation is delighted to announce that the inaugural breakout fellowship to promys was awarded to kushagr mohan ahuja in may 2015. Tara and jasubhai mehta fellowships (temporarily restricted contributions) - the tara and jasubhai mehta fellowships to promys are for mathematically talented low-income students in india and are funded thanks to the generosity of a sponsoring family. Each mehta fellowship covers all tuition and room and board costs for attending the six weeks of promys at boston university. The fellowships also cover roundtrip airfare from india and the cost of any required books. In may 2015, the promys foundation was delighted to announce that two very talented students have been awarded the inaugural tara and jasubhai mehta fellowships to promys: shubham aggarwal of new delhi and sabir shaik of andhra pradesh. Fellowship finalists were selected from the very strong applicant pool and were interviewed by alumni abhinav kumar (mit) and ila varma (princeton).”
Financial Statement Notes
PART V, LINE 4:
“The breakout fellowships term endowment fund will be used to provide full scholarship to promys for a mathematically talented student who might not otherwise be able to attend.”
Part IV Line 11F Uncertain Tax Positions
“The foundation is exempt from federal and state income taxes under internal revenue code 501(c)(3), except to the extent that it has taxable income from businesses that are not related to its exempt purpose. Unrelated business income that greater than $1,000 would be taxed at the applicable corporate tax rate. The foundation did not have any unrelated business income during the year ended december 31, 2014, accordingly, no provision for income taxes has been made in the financial statements. The foundation is not currently under examination by any taxing jurisdiction. Federal and taxing authorities no longer have the right to examine tax years prior to 2011. For the year ended december 31, 2014, there were no interest or penalties associated with tax positions recorded in the accompanying financial statements.”
Raw XML AppendixShowing 400 of 446 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/PYOtherExpensesAmt | 0 | 5626 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 149330 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 13176 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 162506 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 207300 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 715 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt | 0 | 13100 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt | 0 | 59920 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 6450 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt | 0 | 5350 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 84820 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | DESCRIPTION: FOR PROGRAM DATE: 12/16/14 AMOUNT: 100000. DESCRIPTION: FOR PROGRAM DATE: 12/10/13 AMOUNT: 76000. DESCRIPTION: FOR PROGRAM DATE: 12/08/14 AMOUNT: 22000. DESCRIPTION: FOR PROGRAM DATE: 12/02/14 AMOUNT: 22000. DESCRIPTION: FOR PROGRAM DATE: 11/28/14 AMOUNT: 22000. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 77237 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 86506 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 18619 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 11625 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 193987 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 92667 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 29600 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 59920 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 6450 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 5350 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 101320 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt | 0 | 16500 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 16500 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 77237 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 86506 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 18619 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 11625 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 193987 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 77237 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 86506 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 18619 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 11625 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 193987 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 0 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 0 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 98164 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 98164 |
| IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 0 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 0 |
| IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 0 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 0 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 98164 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND WILL BE USED TO PROVIDE FULL SCHOLARSHIP TO PROMYS FOR A MATHEMATICALLY TALENTED STUDENT WHO MIGHT NOT OTHERWISE BE ABLE TO ATTEND. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3), EXCEPT TO THE EXTENT THAT IT HAS TAXABLE INCOME FROM BUSINESSES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. UNRELATED BUSINESS INCOME THAT GREATER THAN $1,000 WOULD BE TAXED AT THE APPLICABLE CORPORATE TAX RATE. THE FOUNDATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING THE YEAR ENDED DECEMBER 31, 2014, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND TAXING AUTHORITIES NO LONGER HAVE THE RIGHT TO EXAMINE TAX YEARS PRIOR TO 2011. FOR THE YEAR ENDED DECEMBER 31, 2014, THERE WERE NO INTEREST OR PENALTIES ASSOCIATED WITH TAX POSITIONS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART V, LINE 4: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART IV LINE 11F UNCERTAIN TAX POSITIONS |
| IRS990ScheduleD/TermEndowmentBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 98164 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 26016 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 6600 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501C3 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 501C3 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 2 | 501C3 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 1280 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 0 | BASEBALL TICKETS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | SUPPORT OF PROMYS FOR TEACHERS PROGRAM |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | FOR 2 STUDENTS' PARTICIPATION IN PROMYS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | PROVIDE OPPORTUNITY FOR PARTICIPANTS IN PROMYS TO EXPERIENCE A BASEBALL GAME |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | MATH FOR AMERICA BOSTON INC |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | BOSTON UNIVERSITY (PROMYS DESIGNATION) |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | BOSTON UNIVERSITY (PROMYS DESIGNATION) |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 271240064 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 042103547 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 042103547 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 111 CUMMINGTON MALL |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 111 CUMMINGTON MALL |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | 111 CUMMINGTON MALL |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | BOSTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | BOSTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | BOSTON |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 02215 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 02215 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 02215 |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 0 | FMV |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE GRANTEE IS REQUIRED TO SUBMIT A WRITTEN REPORT OF GRANT EXPENDITURES |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 2 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | BOARD OF TRUSTEES REVIEW AND APPROVE THE FORM 990 BEFORE SUBMISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DISCLOSURE STATEMENTS ARE REQUIRED TO SUBMITTED ANNUALLY BY EACH TRUSTEE. THE BOARD OF TRUSTEES APPOINTS A TRUSTEE TO REVIEW THESE SUBMISSIONS AND PROVIDE A REPORT TO THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FOUNDATION MAKES ITS FORM 1023, FORM 990 AND ITS ORGIZATIONAL DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND VIA THE MASSACHUSETTS PUBLIC CHARITY WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BREAKOUT FELLOWSHIPS TERM ENDOWMENT (TEMPORARILY RESTRICTED CONTRIBUTIONS) - TERENCE TAO, RICHARD TAYLOR, AND JACOB LURIE, RECIPIENTS OF THE INAUGURAL BREAKTHROUGH PRIZES IN MATHEMATICS, VERY GENEROUSLY CREATED THE BREAKOUT FELLOWSHIP TO PROMYS. THE BREAKOUT FELLOWSHIP IS A FULL SCHOLARSHIP TO PROMYS FOR A MATHEMATICALLY TALENTED STUDENT WHO MIGHT NOT OTHERWISE BE ABLE TO ATTEND. WITH THE GOAL OF CREATING A FULLY FUNDED BREAKOUT FELLOWSHIP TO PROMYS ENDOWMENT, THE PROMYS ALUM COMMUNITY WAS INVITED IN DECEMBER 2014 TO MATCH THE VERY GENEROUS DONATION OF THE BREAKTHROUGH MATHEMATICIANS. THANKS TO THE GENEROSITY AND VISION OF ALL THE DONORS, THIS ENDOWMENT GOAL WAS REACHED IN MARCH 2015. THE FUTURE OF THE BREAKOUT FELLOWSHIPS TO PROMYS IS NOW ASSURED: THERE WILL BE A BREAKOUT FELLOW IN EVERY PROMYS COHORT FROM THIS YEAR ON. THE PROMYS FOUNDATION IS DELIGHTED TO ANNOUNCE THAT THE INAUGURAL BREAKOUT FELLOWSHIP TO PROMYS WAS AWARDED TO KUSHAGR MOHAN AHUJA IN MAY 2015. TARA AND JASUBHAI MEHTA FELLOWSHIPS (TEMPORARILY RESTRICTED CONTRIBUTIONS) - THE TARA AND JASUBHAI MEHTA FELLOWSHIPS TO PROMYS ARE FOR MATHEMATICALLY TALENTED LOW-INCOME STUDENTS IN INDIA AND ARE FUNDED THANKS TO THE GENEROSITY OF A SPONSORING FAMILY. EACH MEHTA FELLOWSHIP COVERS ALL TUITION AND ROOM AND BOARD COSTS FOR ATTENDING THE SIX WEEKS OF PROMYS AT BOSTON UNIVERSITY. THE FELLOWSHIPS ALSO COVER ROUNDTRIP AIRFARE FROM INDIA AND THE COST OF ANY REQUIRED BOOKS. IN MAY 2015, THE PROMYS FOUNDATION WAS DELIGHTED TO ANNOUNCE THAT TWO VERY TALENTED STUDENTS HAVE BEEN AWARDED THE INAUGURAL TARA AND JASUBHAI MEHTA FELLOWSHIPS TO PROMYS: SHUBHAM AGGARWAL OF NEW DELHI AND SABIR SHAIK OF ANDHRA PRADESH. FELLOWSHIP FINALISTS WERE SELECTED FROM THE VERY STRONG APPLICANT POOL AND WERE INTERVIEWED BY ALUMNI ABHINAV KUMAR (MIT) AND ILA VARMA (PRINCETON). |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | SCHEDULE O ADDITIONAL INFORMATION |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 1 | NY |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 2 | CA |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 3 | IL |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 4 | NJ |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 119164 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 1 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 174038 |
| IRS990/TotalAssetsEOYAmt | 0 | 381338 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 174038 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 381338 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 242522 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 2040 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 33897 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 35937 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 174038 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 381338 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 33897 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 715 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 715 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 243237 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $381,338
- Liabilities
- $0
- Net assets
- $381,338
- Revenue
- $243,237
- Expenses
- $35,937
- Net income
- $207,300