Civic Intelligence

Promys Foundation

990 • Fiscal year 2022 • EIN 45-2917981

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

90th percentile

53%

Higher net margin than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

86th percentile

41%

Faster asset growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

90th percentile

98%

Faster revenue growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,448,389

Up $423,731 (+41%) from 2021

Net Assets

Up

$1,442,259

Up $424,663 (+42%) from 2021

Liabilities

Down

$6,130

Down $932 (-13%) from 2021

Revenue

Up

$867,128

Up $428,314 (+98%) from 2021

Expenses

Up

$404,975

Up $246,219 (+155%) from 2021

Net Income

Up

$462,153

Up $182,095 (+65%) from 2021

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

2022

Assets$1,448,389
Liabilities$6,130
Net Assets$1,442,259

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

2022

Revenue$867,128
Expenses$404,975
Net Income$462,153
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$867,128
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$269,775$769,927▲ $500,152
Cash and Non-Interest-Bearing Accounts$521,781$509,214▼ $12,567
Investments Other Securities$203,102$169,248▼ $33,854
Accounts Receivable$30,000--
Total Assets$1,024,658$1,448,389▲ $423,731
Liabilities
Accounts Payable and Accrued Expenses$7,062$6,130▼ $932
Total Liabilities$7,062$6,130▼ $932
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$631,006$1,014,199▲ $383,193
Net Assets With Donor Restrictions$386,590$428,060▲ $41,470
Total Net Assets Fund Balance$1,017,596$1,442,259▲ $424,663
Total Liabilities and Net Assets / Fund Balance$1,024,658$1,448,389▲ $423,731

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$169,248--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$203,102-▼ $33,854-$169,248
2021$184,694-▲ $24,908-$203,102
2020$156,826-▲ $27,869-$184,694
2019$158,629-▲ $34,697-$156,826
2018$165,887-▼ $7,258-$158,629
Compensation and Service Providers

Board Members and Trustees

NameTitle
Amanda TuckerTrustee
Caleb ShorTrustee
Cameron FreerTrustee
Ila VarmaTrustee
Li-mei LimTrustee
Michael KingTrustee
Paul ShermanTrustee (resigned 2023/04)
Demi DuboisTreas.(2021/10-2022/11)
Wan-yin WuTtee, Pres(2022/11-present
Henry CohnTtee, Secy. (2022/11-prese
Henry CohnTtee,pres (2021/10-2022/11
Joshua GreeneTtee,secy.(2021/10-2022/11
Glenn StevensTtee,treas.(2022/11-presen
Marjory BaruchTtee,VP(2022/11-present)
Arjun KhandelwalTtee. (2021/10-2022/09)
Revenue and Support

Revenue Composition

Contributions and Grants
$862,506
Program Service Revenue
$801
Investment Income
$3,821
Other Revenue
$0
All Other Contributions
$862,506
Change in Net Assets
$462,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$867,128
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-37,490
Total Revenue per Audited Statements
$829,638
Total Revenue per Form 990
$867,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$383,660
Other Expenses$21,315
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$383,660--$383,660
Fees for Services Management-$15,103-$15,103
Fees for Services Accounting-$5,575-$5,575
Fees for Services Other-$637-$637
Total Functional Expenses$383,660$21,315$0$404,975

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$404,975
Total Expenses per Audited Statements$404,975
Total Expenses per Form 990$404,975
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, MA501c3Need-based Financial Aid, Breakout Fellowship, and Other Student Support$85,000
Boston University (promys Designation)Boston, MA501c315 Mehta Fellow Students$75,000
Boston University (promys Designation)Boston, MA501c3Two Grants From the Foundation to Promys and Promys for Teachers$70,000
Boston University (promys Designation)Boston, MA501c3Jane Street Fellowships for Students and Counselors$30,000
Boston University (promys Designation)Boston, MA501c3Promys Pathways$10,000
Boston University (promys Designation)Boston, MA501c3Ams Scholarship$5,000
Boston University (promys Designation)Boston, MA501c3Yongren Fellowship$5,000
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
Glenn Stevens
Title
Treasurer
Phone
6173532563
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Stevens
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

Schedule O Additional Information

1. In may 2022, the 2022 breakout fellowship to promys, the 8th year of the fellowship, was awarded to one an of the northern mariana islands. 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 other low-gdp countries 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). 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 for students in india were extended through 2021 and then 2022. Promys india's first summer of operation began in may 2023 at the indian institute of science (iisc) bangalore. Promys was delighted to welcome eighteen mehta fellows to promys 2022 which ran in person at boston university: twelve first-year mehta fellows, two returning mehta fellows, and one junior counselor, and three mehta counselors. Most of the fellows came from india, but there were also students from nepal, sri lanka, egypt and the philippines. 3.after two years of running a modified online program due to covid-19, promys for teachers (pft) returned in person to the campus of boston university. Academic year seminars (four half-day workshops) continued to be offered in a virtual format to help teachers unpack the pedagogical approaches used at 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. Ten teachers took part in promys for teachers in 2022, including 3 returning pft alumni. All participants but one were massachusetts teachers; the other, a mehta fellow recommender, traveled from india to attend. 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. The 2022 yongren fellow was jiushan xie. Jiushan was a rising high school senior from chengdu, china who is now studying mathematics as an undergraduate at kings college, london. 5.promys is grateful to the american mathematical society (ams) epsilon fund for its support for promys 2022 including for need-based financial aid. As part of this award, the student twyla colburn was awarded the ky and yu-fen fan scholarship. 6.promys is very grateful to jane street for its generous support for promys 2022 including two jane street fellowships for students, two jane street fellowships for counselors, and support for promys math circle (now named promys pathways) designed for talented students who are low-income or from other groups underrepresented in stem. 7.in 2017, promys launched promys math circle (pmc) to increase outreach efforts to massachusetts students from low-income an

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, 2022, 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 2019. For the year ended december 31, 2022, there were no interest or penalties associated with tax positions recorded in the accompanying financial statements.

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IRS990/ActivityOrMissionDesc0PROMYS 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.
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IRS990/Desc0THE PROMYS FOUNDATION WAS EXCITED TO FUND $383,660 IN MISSION-RELATED ACTIVITIES IN 2022 INCLUDING SUPPORTING NEED-BASED FINANCIAL AID FOR STUDENTS AT PROMYS 2022 INCLUDING THE BREAKOUT FELLOW, AMERICAN MATHEMATICAL SOCIETY SCHOLAR, MEHTA FELLOWS, YONGREN FELLOW, AND JANE STREET FELLOWS. OVERALL, 39% OF STUDENTS RECEIVED A TOTAL OF $148,000 IN AID, EXCLUDING TRAVEL SUPPORT. THE FOUNDATION ALSO SUPPORTED STIPENDS FOR TEACHERS AND TEACHER COUNSELORS AT PROMYS FOR TEACHERS AND THE FREE PROMYS PATHWAYS SUMMER PROGRAM FOR TALENTED STUDENTS FROM LOW-INCOME OR UNDERREPRESENTED BACKGROUNDS.A TOTAL OF 76 HIGH SCHOOL STUDENTS, 21 UNDERGRADUATE COUNSELORS, AND 2 JUNIOR COUNSELORS PARTICIPATED IN PROMYS 2022 ON THE CAMPUS OF BOSTON UNIVERSITY. THREE ADVANCED SEMINARS WERE OFFERED IN 2022, AND THE STUDENTS AND COUNSELORS WERE EXCITED THAT PROMYS WAS RUNNING IN PERSON AGAIN, FOR THE FIRST TIME SINCE THE START OF THE COVID-19 PANDEMIC.WITH THE LAUNCH OF PROMYS INDIA DELAYED UNTIL 2023, 13 SEPARATELY FUNDED MEHTA FELLOW STUDENTS FROM INDIA, NEPAL AND SRI LANKA PARTICIPATED IN BOSTON, AS DID TWO MEHTA FELLOWS FROM EGYPT AND THE PHILIPPINES.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0TTEE,SECY.(2021/10-2022/11
IRS990/Form990PartVIISectionAGrp/TitleTxt1TTEE,TREAS.(2022/11-PRESEN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TTEE, PRES(2022/11-PRESENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TTEE,VP(2022/11-PRESENT)
IRS990/Form990PartVIISectionAGrp/TitleTxt4TTEE, SECY. (2022/11-PRESE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TTEE,PRES (2021/10-2022/11
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREAS.(2021/10-2022/11)
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE (RESIGNED 2023/04)
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TTEE. (2021/10-2022/09)
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
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IRS990/FormationYr02011
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt056
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0383660
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0383660
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt056
IRS990/GrossReceiptsAmt0867128
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0203102
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0169248
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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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
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt056
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-37490
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0631006
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01014199
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GLENN STEVENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM T SHIRT SALE P
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0801
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0406246
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0143707
IRS990/PYInvestmentIncomeAmt031538
IRS990/PYOtherExpensesAmt015049
IRS990/PYOtherRevenueAmt00
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IRS990/PYTotalExpensesAmt0158756
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0438814
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0462153
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0269775
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0769927
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt023634
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt024030
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt012000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt048955
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0114665
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0223284
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0251524
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0316889
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01741274
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03821
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt031538
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05806
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09451
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05838
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt056454
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0374
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01030
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0180
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt010069
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012778
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03821
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt031538
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05806
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09451
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05838
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt056454
IRS990ScheduleA/InvestmentIncomeCYPct00.03120
IRS990ScheduleA/InvestmentIncomePYPct00.04080
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.83310
IRS990ScheduleA/PublicSupportPY509Pct00.60840
IRS990ScheduleA/PublicSupportTotal509Amt01508268
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt023634
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt024030
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt012000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt058955
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0127165
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0245784
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt012500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt022500
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0632880
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0253074
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0288491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0261593
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0318014
IRS990ScheduleA/Total509Grp/TotalAmt01754052
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0636701
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0284612
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0294297
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0271044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0323852
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01810506
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/BeginningYearBalanceAmt0203102
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0169248
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-33854
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0184694
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0203102
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-6500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt024908
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0156826
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0184694
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt027869
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0158629
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0156826
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-36500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt034697
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0165887
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0158629
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7258
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0404975
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-37490
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0169248
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD - BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-37490
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0867128
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, 2022, 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 2019. FOR THE YEAR ENDED DECEMBER 31, 2022, 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/TotalBookValueSecuritiesAmt0169248
IRS990ScheduleD/TotalExpensesPerForm990Amt0404975
IRS990ScheduleD/TotalRevenuePerForm990Amt0867128
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0829638
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0404975
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt085000
IRS990ScheduleI/RecipientTable/CashGrantAmt175000
IRS990ScheduleI/RecipientTable/CashGrantAmt25000
IRS990ScheduleI/RecipientTable/CashGrantAmt330000
IRS990ScheduleI/RecipientTable/CashGrantAmt45000
IRS990ScheduleI/RecipientTable/CashGrantAmt510000
IRS990ScheduleI/RecipientTable/CashGrantAmt670000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501C3

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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
2022Detailed filing. Detailed filing data is available for this year.$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
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