Civic Intelligence

Promys Foundation

990 • Fiscal year 2017 • EIN 45-2917981

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

PO Box 15502Boston, MA 02215

(617) 353-2563

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

74th percentile

24%

Faster asset growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

144%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$455,657

Up $87,729 (+24%) from 2016

Net Assets

Up

$455,657

Up $87,729 (+24%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$319,556

Up $188,773 (+144%) from 2016

Expenses

Up

$250,108

Up $47,464 (+23%) from 2016

Net Income

Up

$69,448

Up $141,309 (+197%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $174,038Liabilities 2013: $02013Assets 2014: $381,338Liabilities 2014: $0Net Assets 2014: $381,3382014Assets 2015: $432,471Liabilities 2015: $0Net Assets 2015: $432,4712015Assets 2016: $367,928Liabilities 2016: $0Net Assets 2016: $367,9282016Assets 2017: $455,657Liabilities 2017: $0Net Assets 2017: $455,6572017Assets 2018: $487,163Liabilities 2018: $0Net Assets 2018: $487,1632018Assets 2019: $603,587Liabilities 2019: $0Net Assets 2019: $603,5872019Assets 2020: $755,442Liabilities 2020: $11,407Net Assets 2020: $744,0352020Assets 2021: $1,024,658Liabilities 2021: $7,062Net Assets 2021: $1,017,5962021Assets 2022: $1,448,389Liabilities 2022: $6,130Net Assets 2022: $1,442,2592022Assets 2023: $1,946,644Liabilities 2023: $0Net Assets 2023: $1,946,6442023Assets 2024: $1,548,919Liabilities 2024: $10,192Net Assets 2024: $1,538,7272024

Highlighted filing

2017

Assets$455,657
Liabilities$0
Net Assets$455,657

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $162,506Expenses 2013: $13,176Net Income 2013: $149,3302013Revenue 2014: $243,237Expenses 2014: $35,937Net Income 2014: $207,3002014Revenue 2015: $199,658Expenses 2015: $146,395Net Income 2015: $53,2632015Revenue 2016: $130,783Expenses 2016: $202,644Net Income 2016: -$71,8612016Revenue 2017: $319,556Expenses 2017: $250,108Net Income 2017: $69,4482017Revenue 2018: $423,852Expenses 2018: $381,327Net Income 2018: $42,5252018Revenue 2019: $435,420Expenses 2019: $348,978Net Income 2019: $86,4422019Revenue 2020: $403,554Expenses 2020: $282,323Net Income 2020: $121,2312020Revenue 2021: $438,814Expenses 2021: $158,756Net Income 2021: $280,0582021Revenue 2022: $867,128Expenses 2022: $404,975Net Income 2022: $462,1532022Revenue 2023: $977,797Expenses 2023: $493,575Net Income 2023: $484,2222023Revenue 2024: $540,886Expenses 2024: $948,804Net Income 2024: -$407,9182024

Highlighted filing

2017

Revenue$319,556
Expenses$250,108
Net Income$69,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$319,556
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). 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$223,774$289,770▲ $65,996
Investments Other Securities$144,154$165,887▲ $21,733
Total Assets$367,928$455,657▲ $87,729
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$223,774$279,770▲ $55,996
Temporarily Rstr Net Assets$144,154$175,887▲ $31,733
Total Net Assets Fund Balance$367,928$455,657▲ $87,729
Total Liabilities and Net Assets / Fund Balance$367,928$455,657▲ $87,729

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$165,887--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$144,154$0▲ $21,733$0$165,887
2016$133,639-▲ $10,515-$144,154
2015$98,164$36,836▼ $1,361-$133,639
2014-$98,164--$98,164
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joshua GreenePresident and Trustee
Cameron FreerSecretary and Trustee
Glenn StevensTreasurer and Trustee
Amanda Beeson TuckerTrustee
Henry CohnTrustee
Ila VarmaTrustee
Jonathan HankeTrustee
Li-mei LimTrustee
Marjory BaruchTrustee
Michael KingTrustee
Paul ShermanTrustee
Wan-yin WuTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$315,604
Program Service Revenue
$500
Investment Income
$3,452
Other Revenue
$0
All Other Contributions
$315,604
Change in Net Assets
$69,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$236,536
Other Expenses$13,572
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$236,536--$236,536
Fees for Services Management-$10,750-$10,750
Fees for Services Accounting-$2,000-$2,000
Fees for Services Other-$822-$822
Total Functional Expenses$236,536$13,572$0$250,108
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boston University (promys Designation)Boston, MA501c3SUPPORT FOR PROMYS FOR TEACHERS: TEACHER STIPENDS, TEACHER COUNSELOR STIPENDS, AND PARTIAL FACULTY SUPPORT$100,000
Boston University (promys Designation)Boston, MA501c3Support for Promys for 8 Mehta Fellowships and Other Costs$67,475
Boston University (promys Designation)Boston, MA501c3Support for Promys for Counselors and for Research Mentors$27,512
Boston University (promys Designation)Boston, MA501c3Support for Promys Ias/pcmi Teacher Program$26,000
Boston University (promys Designation)Boston, MA501c3Support for Promys for Yongren Fellowship and Other Costs$9,049
Boston University (promys Designation)Boston, MA501c3For 1 Student Participation in Promys-breakout Fellowshipsupport for Promys for 1 Breakout Fellowship Scholarhip$6,500
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
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 11B

The foundation's officers review and approve the form 990 before submission.

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

Annually, each trustee is expected to report conflict of interests to the board of trustees.

Form 990, Part VI, Section C, Line 19

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.

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
2018-11-13
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
12

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

1.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. The promys foundation announced that the 3rd breakout fellowship to promys was awarded to haneul shin of river edge, new jersey, in may 2017. In may 2018, the 2018 breakout fellowship, the 4th year of the fellowship, was awarded to william cowen-breen of massachusetts. 2. The trustee scholarships are full scholarships to promys awarded by the promys foundation thanks to the generosity of the promys alum community. 3. Partial support (stipend, room and board) for counselors at promys 2017. There is one undergraduate counselor for every 3 or 4 students. Counselors grade the work of their assigned students on the daily number theory problem sets, supervise the students' research projects, act as mathematical guides and role models, attend advanced seminars, and engage in their own mathematical research which they share with the whole promys community. The talented multi-tiered mathematical community is a distinguishing feature of promys. In addition, funding supported honoraria for the nine research mentors who supported research projects for returning students at promys 2017. 4. 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. There were eight mehta fellows at promys 2017: three first-year mehta fellows and five returning mehta fellows. 5. Promys for teachers (pft): there were 15 first-year teachers and 5 returning teachers at promys for teachers 2017. Supporting their collaborative work in number theory, seminars and research were 12 teacher counselors plus faculty including the pft research director. During the school year, promys teachers are invited to attend five full-day workshops offered jointly by education development center (edc) in waltham and boston university's department of mathematics. These seminars are designed to help teachers "unpack" the pedagogical approaches used in promys to enrich the mathematical experience in their own classrooms. Another important goal of the workshops is to establish an ongoing network of teachers, mathematics educators, and research mathematicians. Typical agenda items include: 1) teacher volunteers share experiences, activities, and student work from their classrooms, 2) the whole group works together on mathematics inspired by topics in the secondary curriculum, and 3) teachers collaboratively plan lessons, working in the style of japanese lesson study groups. 6. Thanks to the generosity and vision of a family foundation, the yongren fellowships to promys were established in 2017 to enable mathematically talented low-income students in china to participate in promys at no cost to their families. The fellowships cover all expenses including visa application fees and round-trip travel from china. The inaugural yongren fellow in 2017 was zehong zong from zhengzhou. The foundation is delighted to report that t

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, 2017, 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 2014. For the year ended december 31, 2017, there were no interest or penalties associated with tax positions recorded in the accompanying financial statements.

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IRS990/MissionDesc0ALL 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/MoreThan5000KToIndividualsInd00
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IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GLENN STEVENS
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD - BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE 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, 2017, 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 2014. FOR THE YEAR ENDED DECEMBER 31, 2017, THERE WERE NO INTEREST OR PENALTIES ASSOCIATED WITH TAX POSITIONS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART IV LINE 11F UNCERTAIN TAX POSITIONS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0165887
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/CashGrantAmt19049
IRS990ScheduleI/RecipientTable/CashGrantAmt26500
IRS990ScheduleI/RecipientTable/CashGrantAmt367475
IRS990ScheduleI/RecipientTable/CashGrantAmt427512
IRS990ScheduleI/RecipientTable/CashGrantAmt526000
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IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
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IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT FOR PROMYS FOR TEACHERS: TEACHER STIPENDS, TEACHER COUNSELOR STIPENDS, AND PARTIAL FACULTY SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT FOR PROMYS FOR YONGREN FELLOWSHIP AND OTHER COSTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2FOR 1 STUDENT PARTICIPATION IN PROMYS-BREAKOUT FELLOWSHIPSUPPORT FOR PROMYS FOR 1 BREAKOUT FELLOWSHIP SCHOLARHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT FOR PROMYS FOR 8 MEHTA FELLOWSHIPS AND OTHER COSTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SUPPORT FOR PROMYS FOR COUNSELORS AND FOR RESEARCH MENTORS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5SUPPORT FOR PROMYS IAS/PCMI TEACHER PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOSTON UNIVERSITY (PROMYS DESIGNATION)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BOSTON UNIVERSITY (PROMYS DESIGNATION)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BOSTON UNIVERSITY (PROMYS DESIGNATION)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3BOSTON UNIVERSITY (PROMYS DESIGNATION)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4BOSTON UNIVERSITY (PROMYS DESIGNATION)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5BOSTON UNIVERSITY (PROMYS DESIGNATION)
IRS990ScheduleI/RecipientTable/RecipientEIN0042103547
IRS990ScheduleI/RecipientTable/RecipientEIN1042103547
IRS990ScheduleI/RecipientTable/RecipientEIN2042103547
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IRS990ScheduleI/RecipientTable/RecipientEIN5042103547
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1111 CUMMINGTON MALL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2111 CUMMINGTON MALL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3111 CUMMINGTON MALL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4111 CUMMINGTON MALL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5111 CUMMINGTON MALL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BOSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BOSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BOSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3BOSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4BOSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm5BOSTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002215
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd302215
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd402215
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANTEE IS REQUIRED TO SUBMIT A WRITTEN REPORT OF GRANT EXPENDITURES
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S OFFICERS REVIEW AND APPROVE THE FORM 990 BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, EACH TRUSTEE IS EXPECTED TO REPORT CONFLICT OF INTERESTS TO THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt31.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. THE PROMYS FOUNDATION ANNOUNCED THAT THE 3RD BREAKOUT FELLOWSHIP TO PROMYS WAS AWARDED TO HANEUL SHIN OF RIVER EDGE, NEW JERSEY, IN MAY 2017. IN MAY 2018, THE 2018 BREAKOUT FELLOWSHIP, THE 4TH YEAR OF THE FELLOWSHIP, WAS AWARDED TO WILLIAM COWEN-BREEN OF MASSACHUSETTS. 2. THE TRUSTEE SCHOLARSHIPS ARE FULL SCHOLARSHIPS TO PROMYS AWARDED BY THE PROMYS FOUNDATION THANKS TO THE GENEROSITY OF THE PROMYS ALUM COMMUNITY. 3. PARTIAL SUPPORT (STIPEND, ROOM AND BOARD) FOR COUNSELORS AT PROMYS 2017. THERE IS ONE UNDERGRADUATE COUNSELOR FOR EVERY 3 OR 4 STUDENTS. COUNSELORS GRADE THE WORK OF THEIR ASSIGNED STUDENTS ON THE DAILY NUMBER THEORY PROBLEM SETS, SUPERVISE THE STUDENTS' RESEARCH PROJECTS, ACT AS MATHEMATICAL GUIDES AND ROLE MODELS, ATTEND ADVANCED SEMINARS, AND ENGAGE IN THEIR OWN MATHEMATICAL RESEARCH WHICH THEY SHARE WITH THE WHOLE PROMYS COMMUNITY. THE TALENTED MULTI-TIERED MATHEMATICAL COMMUNITY IS A DISTINGUISHING FEATURE OF PROMYS. IN ADDITION, FUNDING SUPPORTED HONORARIA FOR THE NINE RESEARCH MENTORS WHO SUPPORTED RESEARCH PROJECTS FOR RETURNING STUDENTS AT PROMYS 2017. 4. 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. THERE WERE EIGHT MEHTA FELLOWS AT PROMYS 2017: THREE FIRST-YEAR MEHTA FELLOWS AND FIVE RETURNING MEHTA FELLOWS. 5. PROMYS FOR TEACHERS (PFT): THERE WERE 15 FIRST-YEAR TEACHERS AND 5 RETURNING TEACHERS AT PROMYS FOR TEACHERS 2017. SUPPORTING THEIR COLLABORATIVE WORK IN NUMBER THEORY, SEMINARS AND RESEARCH WERE 12 TEACHER COUNSELORS PLUS FACULTY INCLUDING THE PFT RESEARCH DIRECTOR. DURING THE SCHOOL YEAR, PROMYS TEACHERS ARE INVITED TO ATTEND FIVE FULL-DAY WORKSHOPS OFFERED JOINTLY BY EDUCATION DEVELOPMENT CENTER (EDC) IN WALTHAM AND BOSTON UNIVERSITY'S DEPARTMENT OF MATHEMATICS. THESE SEMINARS ARE DESIGNED TO HELP TEACHERS "UNPACK" THE PEDAGOGICAL APPROACHES USED IN PROMYS TO ENRICH THE MATHEMATICAL EXPERIENCE IN THEIR OWN CLASSROOMS. ANOTHER IMPORTANT GOAL OF THE WORKSHOPS IS TO ESTABLISH AN ONGOING NETWORK OF TEACHERS, MATHEMATICS EDUCATORS, AND RESEARCH MATHEMATICIANS. TYPICAL AGENDA ITEMS INCLUDE: 1) TEACHER VOLUNTEERS SHARE EXPERIENCES, ACTIVITIES, AND STUDENT WORK FROM THEIR CLASSROOMS, 2) THE WHOLE GROUP WORKS TOGETHER ON MATHEMATICS INSPIRED BY TOPICS IN THE SECONDARY CURRICULUM, AND 3) TEACHERS COLLABORATIVELY PLAN LESSONS, WORKING IN THE STYLE OF JAPANESE LESSON STUDY GROUPS. 6. THANKS TO THE GENEROSITY AND VISION OF A FAMILY FOUNDATION, THE YONGREN FELLOWSHIPS TO PROMYS WERE ESTABLISHED IN 2017 TO ENABLE MATHEMATICALLY TALENTED LOW-INCOME STUDENTS IN CHINA TO PARTICIPATE IN PROMYS AT NO COST TO THEIR FAMILIES. THE FELLOWSHIPS COVER ALL EXPENSES INCLUDING VISA APPLICATION FEES AND ROUND-TRIP TRAVEL FROM CHINA. THE INAUGURAL YONGREN FELLOW IN 2017 WAS ZEHONG ZONG FROM ZHENGZHOU. THE FOUNDATION IS DELIGHTED TO REPORT THAT T
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE O ADDITIONAL INFORMATION
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/StatesWhereCopyOfReturnIsFldCd2CA
IRS990/StatesWhereCopyOfReturnIsFldCd3IL
IRS990/StatesWhereCopyOfReturnIsFldCd4NJ
IRS990/StatesWhereCopyOfReturnIsFldCd5CT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.01$1.54$0.54$0.95$0.41
2023Summary only. Only limited summary data is available for this year.$1.95$0.00$1.95$0.98$0.49$0.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.01$1.44$0.87$0.40$0.46
2021Summary only. Only limited summary data is available for this year.$1.02$0.01$1.02$0.44$0.16$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.01$0.74$0.40$0.28$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.00$0.60$0.44$0.35$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.00$0.49$0.42$0.38$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.32$0.25$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.00$0.37$0.13$0.20$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.20$0.15$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.24$0.04$0.21
2013Summary only. Only limited summary data is available for this year.$0.17$0.00$0.16$0.01$0.15