Liabilities / Assets
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
15th percentile
Faster revenue growth than 15% of similar nonprofits.
Assets
Down$367,928
Down $64,543 (-15%) from 2015
Net Assets
Down$367,928
Down $64,543 (-15%) from 2015
Liabilities
Flat$0
Flat from 2015
Revenue
Down$130,783
Down $68,875 (-34%) from 2015
Expenses
Up$202,644
Up $56,249 (+38%) from 2015
Net Income
Down-$71,861
Down $125,124 (-235%) from 2015
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). 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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $298,832 | $223,774 | ▼ $75,058 |
| Investments Other Securities | $133,639 | $144,154 | ▲ $10,515 |
| Total Assets | $432,471 | $367,928 | ▼ $64,543 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $298,832 | $223,774 | ▼ $75,058 |
| Temporarily Rstr Net Assets | $133,639 | $144,154 | ▲ $10,515 |
| Total Net Assets Fund Balance | $432,471 | $367,928 | ▼ $64,543 |
| Total Liabilities and Net Assets / Fund Balance | $432,471 | $367,928 | ▼ $64,543 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $144,154 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2016 | $133,639 | - | ▲ $10,515 | - | $144,154 |
| 2015 | $98,164 | $36,836 | ▼ $1,361 | - | $133,639 |
| 2014 | - | $98,164 | - | - | $98,164 |
| Name | Title |
|---|---|
| Joshua Greene | 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 |
| Wan-yin Wu | Trustee |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $190,373 |
| Other Expenses | $12,271 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $190,373 | - | - | $190,373 |
| Fees for Services Management | $5,250 | - | - | $5,250 |
| Conferences and Meetings | $4,308 | - | - | $4,308 |
| Fees for Services Accounting | - | $2,000 | - | $2,000 |
| Fees for Services Other | $713 | - | - | $713 |
| Total Functional Expenses | $200,644 | $2,000 | $0 | $202,644 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Boston University (promys Designation) | Boston, MA | 501c3 | Support for Promys for 6 Mehta Fellowships and Other Costs | $64,395 |
| Boston University (promys Designation) | Boston, MA | 501c3 | Support for Promys for Counselor-related Costs | $55,378 |
| Boston University (promys Designation) | Boston, MA | 501c3 | Support for Promys for Teachers for Teacher Education | $51,100 |
| Boston University (promys Designation) | Boston, MA | 501c3 | Support for Promys for 1 Full Trustee Scholarship and General Operating Costs | $13,000 |
| Boston University (promys Designation) | Boston, MA | 501c3 | For 1 Student Participation in Promys-breakout Fellowshipsupport for Promys for 1 Breakout Fellowship Scholarhip and Airfare | $6,500 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Board of trustees review and approve the form 990 before submission.”
“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.”
“The foundation makes its form 1023, form 990 and its organizational documents available for public inspection upon request and via the massachusetts public charity website.”
“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 3rd breakout fellowship to promys was awarded to haneul shin of river edge, new jersey, in may 2017. The tara and jasubhai mehta fellowships to promys are for mathematically talented low-income students in india and are funded by nicholas nash, the indira foundation and morph.org, the mehta fellowship sponsors. 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 round-trip airfare from india and the cost of any required books. Promys is excited to announce the awarding in 2017 of eight tara and jasubhai mehta fellowships to promys for mathematically talented low-income students in india. There are three first-year mehta fellows and there are five returning mehta fellows: arya vadnere, adit vishnu pathirissery manoj, kushagr mohan ahuja, soumen ghosh (who will be a junior counselor), and sabir shaik (who will be a counselor). Sabir has just completed his second year at the chennai mathematical institute. The three new first-year mehta fellows to promys in 2017 are devansh sehta from indore in madhya pradesh, aman agrawal who is also from indore in madhya pradesh, and siddharth sridhar from chennai in tamil nadu. The fellows were selected from the very strong applicant pool and were interviewed by alumni dr. Abhinav kumar (stony brook university) and dr. Ila varma (columbia university). The participation of these eight students, all exceptionally talented in mathematics, is thanks to the generosity of the mehta fellowship sponsors. The trustee scholarships are full scholarships to promys awarded by the promys foundation thanks to the generosity of the promys alum community. Promys for teachers (pft) is a six-week summer immersion in mathematical problem solving for mathematics teachers in massachusetts and beyond. Most participants are experienced secondary school math teachers; some are pre-service teachers. Founded in 1991 by professor glenn stevens, pft has grown from 4 teachers to as many as 50 teachers in recent summers. Pft is working to promote a "culture of exploration." teachers attend lectures and work collaboratively on challenging problem sets along with the support of counselors who are graduate students in mathematics or pft alumni with years of experience. Like the classroom activities pft encourages, the problem sets are low threshold high ceiling, so there is enlightenment and challenge for teachers from a wide range of math backgrounds. Returning teachers take on advanced seminars, projects, and research.”
“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.”
“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, 2016, 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 2013. For the year ended december 31, 2016, there were no interest or penalties associated with tax positions recorded in the accompanying financial statements.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | PROMYS FOUNDATION EXISTS TO SUPPORT PROMYS (PROGRAM IN MATHEMATICS FOR YOUNG SCIENTISTS). 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. |
| IRS990/AllOtherContributionsAmt | 0 | 127136 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | GLENN STEVENS TREASURER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6173532563 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 15502 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BOSTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02215 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 298832 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 223774 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 4308 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4308 |
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| IRS990/CYContributionsGrantsAmt | 0 | 127136 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 190373 |
| IRS990/CYInvestmentIncomeAmt | 0 | 3197 |
| IRS990/CYOtherExpensesAmt | 0 | 12271 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 450 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -71861 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 202644 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 130783 |
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| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | IN 2016, THE PROMYS FOUNDATION WAS DELIGHTED TO FUND ONE FULL BREAKOUT FELLOWSHIP TO PROMYS, ONE FULL TRUSTEE SCHOLARSHIP TO PROMYS, AND SIX FULL MEHTA FELLOWSHIPS TO PROMYS. ADDITIONALLY IN 2016, THE PROMYS FOUNDATION WAS ABLE TO FUND $51,100 FOR PROMYS FOR TEACHERS PROGRAM COSTS, $55,378 FOR STIPENDS AND ROOM AND BOARD COSTS FOR PROMYS COUNSELORS, $6,500 FOR PROMYS PROGRAM EXPENSES, AND $24,395 FOR MEHTA FELLOWSHIP PROGRAM COSTS INCLUDING ROUND-TRIP TRAVEL FOR THE FELLOWS. |
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| IRS990/DisregardedEntityInd | 0 | 0 |
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| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 200644 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 2000 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 5250 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 5250 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 713 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 713 |
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| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MARJORY BARUCH |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY AND TRUSTEE |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | TRUSTEE |
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| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 12 |
| IRS990/GrantAmt | 0 | 190373 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 190373 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 190373 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
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| IRS990/GrossReceiptsAmt | 0 | 130783 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
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| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 12 |
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| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3197 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 3197 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 133639 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 144154 |
| IRS990/IRPDocumentCnt | 0 | 3 |
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| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
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| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 432471 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 367928 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 7318 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | GLENN STEVENS |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM T SHIRT SALE P |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 450 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 450 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 198324 |
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| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | VANGUARD - BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND |
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| 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, 2016, 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 2013. FOR THE YEAR ENDED DECEMBER 31, 2016, 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 |
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| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 4 | 501C3 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | SUPPORT FOR PROMYS FOR TEACHERS FOR TEACHER EDUCATION |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | SUPPORT FOR PROMYS FOR 1 FULL TRUSTEE SCHOLARSHIP AND GENERAL OPERATING COSTS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | FOR 1 STUDENT PARTICIPATION IN PROMYS-BREAKOUT FELLOWSHIPSUPPORT FOR PROMYS FOR 1 BREAKOUT FELLOWSHIP SCHOLARHIP AND AIRFARE |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | SUPPORT FOR PROMYS FOR 6 MEHTA FELLOWSHIPS AND OTHER COSTS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 4 | SUPPORT FOR PROMYS FOR COUNSELOR-RELATED COSTS |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | BOSTON UNIVERSITY (PROMYS DESIGNATION) |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | BOSTON UNIVERSITY (PROMYS DESIGNATION) |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | BOSTON UNIVERSITY (PROMYS DESIGNATION) |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | BOSTON UNIVERSITY (PROMYS DESIGNATION) |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 4 | BOSTON UNIVERSITY (PROMYS DESIGNATION) |
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| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 042103547 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 042103547 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 3 | 042103547 |
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| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 111 CUMMINGTON MALL |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | 111 CUMMINGTON MALL |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | 111 CUMMINGTON MALL |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 4 | 111 CUMMINGTON MALL |
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| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | BOSTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | BOSTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | BOSTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 4 | BOSTON |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 3 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 4 | MA |
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| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 02215 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 02215 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 3 | 02215 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 4 | 02215 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE GRANTEE IS REQUIRED TO SUBMIT A WRITTEN REPORT OF GRANT EXPENDITURES |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 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 ORGANIZATIONAL 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 3RD BREAKOUT FELLOWSHIP TO PROMYS WAS AWARDED TO HANEUL SHIN OF RIVER EDGE, NEW JERSEY, IN MAY 2017. THE TARA AND JASUBHAI MEHTA FELLOWSHIPS TO PROMYS ARE FOR MATHEMATICALLY TALENTED LOW-INCOME STUDENTS IN INDIA AND ARE FUNDED BY NICHOLAS NASH, THE INDIRA FOUNDATION AND MORPH.ORG, THE MEHTA FELLOWSHIP SPONSORS. 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 ROUND-TRIP AIRFARE FROM INDIA AND THE COST OF ANY REQUIRED BOOKS. PROMYS IS EXCITED TO ANNOUNCE THE AWARDING IN 2017 OF EIGHT TARA AND JASUBHAI MEHTA FELLOWSHIPS TO PROMYS FOR MATHEMATICALLY TALENTED LOW-INCOME STUDENTS IN INDIA. THERE ARE THREE FIRST-YEAR MEHTA FELLOWS AND THERE ARE FIVE RETURNING MEHTA FELLOWS: ARYA VADNERE, ADIT VISHNU PATHIRISSERY MANOJ, KUSHAGR MOHAN AHUJA, SOUMEN GHOSH (WHO WILL BE A JUNIOR COUNSELOR), AND SABIR SHAIK (WHO WILL BE A COUNSELOR). SABIR HAS JUST COMPLETED HIS SECOND YEAR AT THE CHENNAI MATHEMATICAL INSTITUTE. THE THREE NEW FIRST-YEAR MEHTA FELLOWS TO PROMYS IN 2017 ARE DEVANSH SEHTA FROM INDORE IN MADHYA PRADESH, AMAN AGRAWAL WHO IS ALSO FROM INDORE IN MADHYA PRADESH, AND SIDDHARTH SRIDHAR FROM CHENNAI IN TAMIL NADU. THE FELLOWS WERE SELECTED FROM THE VERY STRONG APPLICANT POOL AND WERE INTERVIEWED BY ALUMNI DR. ABHINAV KUMAR (STONY BROOK UNIVERSITY) AND DR. ILA VARMA (COLUMBIA UNIVERSITY). THE PARTICIPATION OF THESE EIGHT STUDENTS, ALL EXCEPTIONALLY TALENTED IN MATHEMATICS, IS THANKS TO THE GENEROSITY OF THE MEHTA FELLOWSHIP SPONSORS. THE TRUSTEE SCHOLARSHIPS ARE FULL SCHOLARSHIPS TO PROMYS AWARDED BY THE PROMYS FOUNDATION THANKS TO THE GENEROSITY OF THE PROMYS ALUM COMMUNITY. PROMYS FOR TEACHERS (PFT) IS A SIX-WEEK SUMMER IMMERSION IN MATHEMATICAL PROBLEM SOLVING FOR MATHEMATICS TEACHERS IN MASSACHUSETTS AND BEYOND. MOST PARTICIPANTS ARE EXPERIENCED SECONDARY SCHOOL MATH TEACHERS; SOME ARE PRE-SERVICE TEACHERS. FOUNDED IN 1991 BY PROFESSOR GLENN STEVENS, PFT HAS GROWN FROM 4 TEACHERS TO AS MANY AS 50 TEACHERS IN RECENT SUMMERS. PFT IS WORKING TO PROMOTE A "CULTURE OF EXPLORATION." TEACHERS ATTEND LECTURES AND WORK COLLABORATIVELY ON CHALLENGING PROBLEM SETS ALONG WITH THE SUPPORT OF COUNSELORS WHO ARE GRADUATE STUDENTS IN MATHEMATICS OR PFT ALUMNI WITH YEARS OF EXPERIENCE. LIKE THE CLASSROOM ACTIVITIES PFT ENCOURAGES, THE PROBLEM SETS ARE LOW THRESHOLD HIGH CEILING, SO THERE IS ENLIGHTENMENT AND CHALLENGE FOR TEACHERS FROM A WIDE RANGE OF MATH BACKGROUNDS. RETURNING TEACHERS TAKE ON ADVANCED SEMINARS, PROJECTS, AND RESEARCH. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| 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 |
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| 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 |
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| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
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| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 144154 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 1 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 367928 |
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Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.