Civic Intelligence

Promys Foundation

990 • Fiscal year 2020 • EIN 45-2917981

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

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

41st percentile

0.02x

Higher debt load relative to assets than 41% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

43rd percentile

0.03x

Higher debt load relative to revenue than 43% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

80th percentile

30%

Higher net margin than 80% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

72nd percentile

25%

Faster asset growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-7.3%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$755,442

Up $151,855 (+25%) from 2019

Net Assets

Up

$744,035

Up $140,448 (+23%) from 2019

Liabilities

Up

$11,407

Up $11,407 from 2019

Revenue

Down

$403,554

Down $31,866 (-7.3%) from 2019

Expenses

Down

$282,323

Down $66,655 (-19%) from 2019

Net Income

Up

$121,231

Up $34,789 (+40%) from 2019

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

2020

Assets$755,442
Liabilities$11,407
Net Assets$744,035

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

2020

Revenue$403,554
Expenses$282,323
Net Income$121,231
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$403,554
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
Savings and Temporary Cash Investments$370,812$419,642▲ $48,830
Investments Other Securities$156,826$184,694▲ $27,868
Cash and Non-Interest-Bearing Accounts$75,949$151,106▲ $75,157
Total Assets$603,587$755,442▲ $151,855
Liabilities
Accounts Payable and Accrued Expenses-$11,407-
Total Liabilities$0$11,407▲ $11,407
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$324,482$469,057▲ $144,575
Net Assets With Donor Restrictions$279,105$274,978▼ $4,127
Total Net Assets Fund Balance$603,587$744,035▲ $140,448
Total Liabilities and Net Assets / Fund Balance$603,587$755,442▲ $151,855

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$184,694--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$156,826-▲ $27,869-$184,694
2019$158,629-▲ $34,697-$156,826
2018$165,887-▼ $7,258-$158,629
2017$144,154-▲ $21,733-$165,887
2016$133,639-▲ $10,515-$144,154
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cameron FreerTrustee
Glenn StevensTrustee
Ila VarmaTrustee
Marjory BaruchTrustee
Michael KingTrustee
Wan-yin WuTrustee
Demi DuboisTreas.(2021/09-present)
Joshua GreeneTtee,pres(2020/01-2020/09)secy.(2021/09-pr.)
Amanda Beeson TuckerTtee,pres(2020/09-2021/09)
Henry CohnTtee,secy.(2020/01-2021/09)pres(2021/09-pr.)
Paul ShermanTtee,treas.(2020/01-2020/09)
Li-mei LimTtee,treas.(2020/09-2021/09)
Revenue and Support

Revenue Composition

Contributions and Grants
$397,568
Program Service Revenue
$180
Investment Income
$5,806
Other Revenue
$0
All Other Contributions
$397,568
Change in Net Assets
$121,231

Audited Revenue Reconciliation

Revenue per Audited Statements
$403,554
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$24,892
Total Revenue per Audited Statements
$428,446
Total Revenue per Form 990
$403,554
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$265,113
Other Expenses$17,210
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$265,113--$265,113
Fees for Services Management-$11,464-$11,464
Fees for Services Accounting-$5,600-$5,600
Fees for Services Other-$146-$146
Total Functional Expenses$265,113$17,210$0$282,323

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$282,323
Total Expenses per Audited Statements$282,323
Total Expenses per Form 990$282,323
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boston University (promys Designation)Boston, MA501c3SUPPORT FOR PROMYS FOR TEACHERS: TEACHER TUITION AND COUNSELOR STIPENDS.$88,246
Boston University (promys Designation)Boston, MA501c3Support for Promys for 21 Mehta Fellowships in 2020 and Preparations for Promys India.$51,000
Boston University (promys Designation)Boston, MA501c3Promys Need-based Financial Aid and Subsidizing the Cost for All Students to Keep the Program Accessible.$21,257
Boston University (promys Designation)Boston, MA501c3Support for an American Math Society Scholarship and Other Need-based Aid.$8,000
Boston University (promys Designation)Boston, MA501c3SUPPORT FOR PROMYS: BREAKOUT FELLOWSHIP$4,500
Boston University (promys Designation)Boston, MA501c3Support for 2020 Yongren Fellowship to Promys and Related Costs.$4,500
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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
Demi Dubois
Title
Treasurer
Phone
6173532563
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Demi Dubois
Formed
2011
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
24

Preparer

Firm
Jesson Oslin & Associates Llp
Address
480 ADAMS STREET, MILTON, MA 02186
Preparer
James L Oslin CPA
Phone
6176983950
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

Change from cash basis to accrual basis as result of request from users

Schedule O Additional Information

1.in may 2020, the 2020 breakout fellowship to promys, the 6th year of the fellowship, was awarded to tati kong of medford, massachusetts. 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. 2. The tara and jasubhai mehta fellowships to promys are for mathematically talented low-income students in india and are funded by nicholas nash & phalgun raju, avi & sandra nash, the indira foundation and morph.org, the mehta fellowship sponsors. Each mehta fellowship covers all costs for participation in promys (including room and board plus travel when the program is run in person). The mehta fellowships were established in 2015 as a pilot program for a planned new promys program for students in india. Due to the global pandemic, the launch of the promys india was postponed, and the mehta fellowships were extended through 2020 and then 2021. Promys was delighted to welcome twenty-one mehta fellows to the online 2020 bridge program: eight first-year mehta fellows, three returning mehta fellows, four junior counselors and six mehta counselors including one head counselor. 3. Due to the covid-19 pandemic, promys for teachers (pft) ran in a virtual format during summer 2020: a three-week "morning math" program based on the probability and games curriculum developed by park city mathematics institute (pcmi) and promys for teachers alumni and a five-week curriculum design independent study for returning teachers. There were 47 teacher participants in promys for teachers 2020 and 10 teacher counselors plus faculty. Participants logged in from across the usa and two alumni logged in from russia and the united arab emirates. During the 2019-2020 school year, promys teachers were invited to attend three 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 professional network of teachers, mathematics educators, and research mathematicians. The promys foundation's 2020 grant to promys for teachers supports teacher tuition and stipends for teacher counselors, table leaders, and the pft director. Pft is exceptional in immersing secondary teachers in rigorous exploratory mathematics and for being offered free to teachers. 4. 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. Since the online promys 2020 bridge program was largely structured for returning students, there was no first-year yongren fellow in 2020. Qianyun zhou was the 2020 returning yongren fellow. She was a rising high school senior in shenzhen, china. 6.promys is grateful to the american mathematical society (ams) epsilon fund for its support for promys 2020 including for need-based financial aid. As part of this award, the student joshua park was awarded the ky and yu-fen fan scholarship.

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, 2020, 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 2017. For the year ended december 31, 2020, there were no interest or penalties associated with tax positions recorded in the accompanying financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5TTEE,SECY.(2020/01-2021/09)PRES(2021/09-PR.)
IRS990/Form990PartVIISectionAGrp/TitleTxt6TTEE,TREAS.(2020/09-2021/09)
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREAS.(2021/09-PRESENT)
IRS990/Form990PartVIISectionAGrp/TitleTxt8TTEE,TREAS.(2020/01-2020/09)
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0265113
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0265113
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0265113
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0403554
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt05806
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05806
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0156826
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0184694
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0603587
IRS990/NetAssetsOrFundBalancesEOYAmt0744035
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt024892
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0324482
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0469057
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DEMI DUBOIS
IRS990/PriorPeriodAdjustmentsAmt0-5675
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM T SHIRT SALE P
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0180
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0180
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0415900
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0305629
IRS990/PYInvestmentIncomeAmt09451
IRS990/PYOtherExpensesAmt043349
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010069
IRS990/PYRevenuesLessExpensesAmt086442
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0348978
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0435420
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0121231
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0370812
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0419642
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt012000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt048955
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0114665
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0114450
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt014700
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0304770
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0288311
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0251524
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0316889
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0195604
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0127136
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01179464
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05806
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09451
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05838
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03452
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03196
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt027743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0180
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt010069
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0450
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012324
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05806
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09451
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05838
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03452
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt027743
IRS990ScheduleA/InvestmentIncomeCYPct00.02270
IRS990ScheduleA/InvestmentIncomePYPct00.02220
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.52820
IRS990ScheduleA/PublicSupportPY509Pct00.40980
IRS990ScheduleA/PublicSupportTotal509Amt0644135
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt012000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt053955
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0257298
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0134450
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt089950
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0547653
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0142633
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt075250
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0242883
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0288491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0261593
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0318014
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0196104
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0127586
IRS990ScheduleA/Total509Grp/TotalAmt01191788
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0294297
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0271044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0323852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0199556
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0130782
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01219531
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/CYEndwmtFundGrp/BeginningYearBalanceAmt0156826
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0184694
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt027869
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0158629
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0156826
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-36500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt034697
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0165887
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0158629
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7258
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0144154
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0165887
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt021733
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0133639
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0144154
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010515
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0282323
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt024892
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0184694
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD - BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt024892
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0403554
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, 2020, 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 2017. FOR THE YEAR ENDED DECEMBER 31, 2020, 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/TotalBookValueSecuritiesAmt0184694
IRS990ScheduleD/TotalExpensesPerForm990Amt0282323
IRS990ScheduleD/TotalRevenuePerForm990Amt0403554
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0428446
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0282323
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt04500
IRS990ScheduleI/RecipientTable/CashGrantAmt188246
IRS990ScheduleI/RecipientTable/CashGrantAmt251000
IRS990ScheduleI/RecipientTable/CashGrantAmt34500
IRS990ScheduleI/RecipientTable/CashGrantAmt421257
IRS990ScheduleI/RecipientTable/CashGrantAmt58000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT FOR PROMYS: BREAKOUT FELLOWSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT FOR PROMYS FOR TEACHERS: TEACHER TUITION AND COUNSELOR STIPENDS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT FOR PROMYS FOR 21 MEHTA FELLOWSHIPS IN 2020 AND PREPARATIONS FOR PROMYS INDIA.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT FOR 2020 YONGREN FELLOWSHIP TO PROMYS AND RELATED COSTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4PROMYS NEED-BASED FINANCIAL AID AND SUBSIDIZING THE COST FOR ALL STUDENTS TO KEEP THE PROGRAM ACCESSIBLE.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5SUPPORT FOR AN AMERICAN MATH SOCIETY SCHOLARSHIP AND OTHER NEED-BASED AID.
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
IRS990ScheduleI/RecipientTable/RecipientEIN3042103547
IRS990ScheduleI/RecipientTable/RecipientEIN4042103547
IRS990ScheduleI/RecipientTable/RecipientEIN5042103547
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0111 CUMMINGTON MALL
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

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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
2020Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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