Civic Intelligence

Promys Foundation

990 • Fiscal year 2023 • EIN 45-2917981

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

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

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

90th percentile

50%

Higher net margin than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

84th percentile

34%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$1,946,644

Flat from 2023

Net Assets

Flat

$1,946,644

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Flat

$977,797

Flat from 2023

Expenses

Flat

$493,575

Flat from 2023

Net Income

Flat

$484,222

Flat from 2023

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 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

2023

Assets$1,946,644
Liabilities$0
Net Assets$1,946,644

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 2023: $977,797Expenses 2023: $493,575Net Income 2023: $484,2222023Revenue 2024: $540,886Expenses 2024: $948,804Net Income 2024: -$407,9182024

Highlighted filing

2023

Revenue$977,797
Expenses$493,575
Net Income$484,222
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$1,005,997
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$769,927$1,299,932▲ $530,005
Cash and Non-Interest-Bearing Accounts$515,081$471,873▼ $43,208
Investments Other Securities$169,248$174,839▲ $5,591
Total Assets$1,454,256$1,946,644▲ $492,388
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,026,196$1,727,216▲ $701,020
Net Assets With Donor Restrictions$428,060$219,428▼ $208,632
Total Net Assets Fund Balance$1,454,256$1,946,644▲ $492,388
Total Liabilities and Net Assets / Fund Balance$1,454,256$1,946,644▲ $492,388

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$174,839--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$169,248-▲ $14,091-$174,839
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wan-yin WuPresident
Marjory BaruchVice President
Amanda TuckerTrustee
Caleb ShorTrustee
Cameron FreerTrustee
Ila VarmaTrustee
Joshua GreeneTrustee
Li-mei LimTrustee
Michael KingTrustee
Paul ShermanTrustee - Resigned April 2023
Henry CohnSecretary
Glenn StevensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$950,135
Program Service Revenue
$0
Investment Income
$27,662
Other Revenue
$0
All Other Contributions
$950,135
Change in Net Assets
$484,222

Audited Revenue Reconciliation

Revenue per Audited Statements
$977,797
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,166
Total Revenue per Audited Statements
$985,963
Total Revenue per Form 990
$977,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$486,226
Other Expenses$7,349
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$486,226--$486,226
Fees for Services Accounting-$6,075-$6,075
Other Expenses-$1,274-$1,274
Total Functional Expenses$486,226$7,349$0$493,575

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$493,575
Total Expenses per Audited Statements$493,575
Total Expenses per Form 990$493,575
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, MA501c3Mehta Fellowships and Promys India Support$214,223
Boston University (promys Designation)Boston, MA501c3$75,000 GRANT TO PROMYS FOR TEACHERS$75,000
Boston University (promys Designation)Boston, MA501c3Promys Pathways$51,000
Boston University (promys Designation)Boston, MA501c3Grant for Funding the Promys Europe$45,983
Boston University (promys Designation)Boston, MA501c3Promys Support for Strategic Planning$31,287
Boston University (promys Designation)Boston, MA501c3Jane Street Fellowships to Promys$30,000
Boston University (promys Designation)Boston, MA501c3Support for Promys Student Program$24,233
Boston University (promys Designation)Boston, MA501c3Breakout Fellowship to Promys$8,500
Boston University (promys Designation)Boston, MA501c3Ams Financial Aid Support to Promys$6,000
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.

Form 990 Page 9 Part VIII Line 1F Contributions and Grants

Grants from the polynera fund, carina initiatives, the international mathematical union and others provided deeply appreciated mission support during 2023. The promys foundation is grateful to all its sponsors and donors who make it possible for promys participants to attend regardless of financial background.

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
2024-11-13
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 & Assoc
Address
2 GRANITE AVENUE SUITE 450, MILTON, MA 02186
Preparer
James L Oslin CPA
Phone
6176983950
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Promys india - promys was excited to launch promys india in 2023 with all students receiving full scholarships covering all costs of participation including tuition, room & board, and travel. The new program ran for six weeks in partnership with, and on the campus of, the indian institute of science (iisc) bangalore. A very large number of strong applications were received from across india. Thirty-one very talented high school students and eight counselors participated. Promys india is free for all students thanks to generous support from our partners and donors. The founding sponsors of promys india are nick nash & phalgun raju, avi and sandra nash, and the indira foundation. We are also very grateful for the generosity of the packard foundation, jane street, squarepoint foundation, and the spirit of ramanujan.

Schedule O Additional Information

1. Tara and jasubhai mehta fellowships to promys - 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, and the indira foundation, the mehta fellowship sponsors. Each mehta fellowship covers all costs for participation in promys or promys india. The mehta fellowships were established in 2015 and were the pilot program for promys india which launched at iisc in bangalore in 2023. Promys was delighted to welcome new mehta fellows who attended promys india 2023 plus two new mehta fellows from brazil and egypt who attended promys 2023 at boston university. The vibrant mehta fellowship alumni community continues to grow. 2. Breakout fellowship - the 2023 breakout fellowship to promys, the 9th year of the fellowship, was awarded to shengyu zhang from new york. Terence tao, richard taylor, and jacob lurie, recipients of the inaugural breakthrough prizes in mathematics, very generously created and funded 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. Thanks to the generosity and vision of the alum community, the breakout fellowship endowment assures the future of the breakout fellowships: there will be a breakout fellow in every promys cohort. 3. Promys for teachers - promys for teachers (pft) 2023 ran in person on the campus of boston university. Academic year seminars workshops were offered 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. Fifteen teachers took part in promys for teachers in 2023, including 5 returning pft alumni. Although most of the participants were local from massachusetts, teachers traveled from california, india, new york, senegal, and texas to attend. Pft is exceptional in immersing secondary teachers in rigorous exploratory mathematics and for being offered free to teachers.

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 X, LINE 2:

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, 2023, 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 2020. For the year ended december 31, 2023, 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 DELIGHTED TO FUND $486,226 IN MISSION-RELATED ACTIVITIES IN 2023 INCLUDING SUPPORTING NEED-BASED FINANCIAL AID FOR 20 STUDENTS AT PROMYS 2023. TWELVE FULL SCHOLARSHIPS WERE AWARDED INCLUDING THE BREAKOUT FELLOWSHIP, JANE STREET FELLOWSHIPS, AND TWO SEPARATELY FUNDED MEHTA FELLOWSHIPS FOR STUDENTS FROM BRAZIL AND EGYPT. 50% OF ALL FINANCIAL AID RECIPIENTS IN 2023 HAD FAMILY INCOMES UNDER $50,000 A YEAR. EIGHTY HIGH SCHOOL STUDENTS, 21 UNDERGRADUATE COUNSELORS, AND 3 JUNIOR COUNSELORS PARTICIPATED IN PROMYS 2023 ON THE CAMPUS OF BOSTON UNIVERSITY.PROMYS INDIA - PROMYS WAS EXCITED TO LAUNCH PROMYS INDIA IN 2023 WITH ALL STUDENTS RECEIVING FULL SCHOLARSHIPS COVERING ALL COSTS OF PARTICIPATION INCLUDING TUITION, ROOM & BOARD, AND TRAVEL. THE NEW PROGRAM RAN FOR SIX WEEKS IN PARTNERSHIP WITH, AND ON THE CAMPUS OF, THE INDIAN INSTITUTE OF SCIENCE (IISC) BANGALORE. A VERY LARGE NUMBER OF STRONG APPLICATIONS WERE RECEIVED FROM ACROSS INDIA. THIRTY-ONE VERY TALENTED HIGH SCHOOL STUDENTS AND EIGHT COUNSELORS PARTICIPATED. PROMYS INDIA IS FREE FOR ALL STUDENTS THANKS TO GENEROUS SUPPORT FROM OUR PARTNERS AND DONORS. THE FOUNDING SPONSORS OF PROMYS INDIA ARE NICK NASH & PHALGUN RAJU, AVI AND SANDRA NASH, AND THE INDIRA FOUNDATION. WE ARE ALSO VERY GRATEFUL FOR THE GENEROSITY OF THE PACKARD FOUNDATION, JANE STREET, SQUAREPOINT FOUNDATION, AND THE SPIRIT OF RAMANUJAN. JANE STREET - THE PROMYS FOUNDATION IS VERY GRATEFUL TO JANE STREET FOR ITS GENEROUS SUPPORT FOR PROMYS 2023 INCLUDING TWO JANE STREET FELLOWSHIPS FOR STUDENTS, TWO JANE STREET FELLOWSHIPS FOR COUNSELORS, AND SUPPORT FOR PROMYS PATHWAYS (FORMERLY KNOWN AS PROMYS MATH CIRCLE) DESIGNED FOR HIGHLY MOTIVATED STUDENTS OF MATHEMATICS IN THE BOSTON AREA WHO ARE FROM LOW-INCOME BACKGROUNDS OR FROM OTHER GROUPS UNDERREPRESENTED IN STEM. JANE STREET ALSO GAVE GENEROUS SUPPORT TO PROMYS INDIA AND PROMYS EUROPE.PROMYS INDIA SUMMER PROGRAM - PROMYS FOUNDATION IS EXCITED AND GRATEFUL TO HAVE BEEN AWARDED A $225,000 GRANT FOR GENERAL SUPPORT FROM THE DAVID AND LUCILE PACKARD FOUNDATION FOR PROMYS INDIA 2023-2025. THE INAUGURAL SUMMER OF PROMYS INDIA RAN FROM MAY 7 TO JUNE 17, 2023 AT THE INDIAN INSTITUTE OF SCIENCE (IISC) BANGALORE. THANKS TO THE GENEROSITY OF OUR PARTNERS AND SPONSORS, PROMYS INDIA 2023 WAS FREE FOR ALL STUDENTS. PROMYS PATHWAY - PROMYS PATHWAYS PROVIDES DEEP MATHEMATICAL EXPERIENCES TO STUDENTS WHO ARE FROM BACKGROUNDS TRADITIONALLY UNDERREPRESENTED IN STEM AND TO THOSE WHO MIGHT NOT OTHERWISE HAVE ACCESS TO EXTRACURRICULAR MATHEMATICS OPPORTUNITIES. THESE OPPORTUNITIES INCLUDE THE PATHWAYS SUMMER PROGRAM, WEEKLY MATH CIRCLES, AND SPECIAL COLLABORATIVE EVENTS. PROMYS PATHWAYS WAS PREVIOUSLY KNOWN AS PROMYS MATH CIRCLE OR PMC. 2023 WAS THE 2ND SUMMER OF THE PROMYS PATHWAYS SUMMER PROGRAM ON THE CAMPUS OF BOSTON UNIVERSITY. THE 4-WEEK PROGRAM WAS FREE TO PARTICIPANTS, INCLUDING PUBLIC TRANSPORTATION COSTS AND LUNCHES. THE THIRTEEN PARTICIPANTS WERE RECRUITED FROM PATHWAYS MATH CIRCLES OR WERE LOCAL FINANCIAL AID APPLICANTS TO PROMYS. BUT WEREN'T QUITE READY TO ATTEND THE FLAGSHIP PROGRAM.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE - RESIGNED APRIL 2023
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01925
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0486226
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0486226
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0486226
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt030125
IRS990/GrossReceiptsAmt01005997
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt025737
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025737
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0169248
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0174839
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt028200
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/NetAssetsOrFundBalancesBOYAmt01454256
IRS990/NetAssetsOrFundBalancesEOYAmt01946644
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01925
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01925
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt08166
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01026196
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01727216
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0GENERAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01274
IRS990/OtherExpensesGrp/TotalAmt01274
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GLENN STEVENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0862506
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0383660
IRS990/PYInvestmentIncomeAmt03821
IRS990/PYOtherExpensesAmt021315
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0801
IRS990/PYRevenuesLessExpensesAmt0462153
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0404975
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0867128
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0484222
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0769927
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01299932
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt027405
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt023634
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt024030
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt012000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt048955
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0136024
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0950141
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0632506
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0252044
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0288311
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0251524
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02374526
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt027656
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03821
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt031538
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05806
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09451
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt078272
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0374
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01030
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0180
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt010069
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011653
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027656
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03821
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt031538
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05806
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09451
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt078272
IRS990ScheduleA/InvestmentIncomeCYPct00.03180
IRS990ScheduleA/InvestmentIncomePYPct00.03120
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91300
IRS990ScheduleA/PublicSupportPY509Pct00.83310
IRS990ScheduleA/PublicSupportTotal509Amt02250155
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt027405
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt023634
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt024030
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt012000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt048955
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0136024
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0950141
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0632880
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0253074
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0288491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0261593
IRS990ScheduleA/Total509Grp/TotalAmt02386179
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0977797
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0636701
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0284612
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0294297
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0271044
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02464451
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/BeginningYearBalanceAmt0169248
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0174839
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-8500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt014091
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0203102
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0169248
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-33854
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0184694
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0203102
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-6500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt024908
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0156826
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0184694
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt027869
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0158629
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0156826
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-36500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt034697
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0493575
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt08166
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0174839
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD - BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt08166
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0977797
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, 2023, 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 2020. FOR THE YEAR ENDED DECEMBER 31, 2023, 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 X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0174839
IRS990ScheduleD/TotalExpensesPerForm990Amt0493575
IRS990ScheduleD/TotalRevenuePerForm990Amt0977797
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0985963
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0493575
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0214223
IRS990ScheduleI/RecipientTable/CashGrantAmt175000
IRS990ScheduleI/RecipientTable/CashGrantAmt245983
IRS990ScheduleI/RecipientTable/CashGrantAmt324233
IRS990ScheduleI/RecipientTable/CashGrantAmt430000
IRS990ScheduleI/RecipientTable/CashGrantAmt58500
IRS990ScheduleI/RecipientTable/CashGrantAmt66000
IRS990ScheduleI/RecipientTable/CashGrantAmt751000
IRS990ScheduleI/RecipientTable/CashGrantAmt831287
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MEHTA FELLOWSHIPS AND PROMYS INDIA SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1$75,000 GRANT TO PROMYS FOR TEACHERS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GRANT FOR FUNDING THE PROMYS EUROPE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT FOR PROMYS STUDENT PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4JANE STREET FELLOWSHIPS TO PROMYS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5BREAKOUT FELLOWSHIP TO PROMYS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6AMS FINANCIAL AID SUPPORT TO PROMYS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7PROMYS PATHWAYS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8PROMYS SUPPORT FOR STRATEGIC PLANNING
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/RecipientBusinessName/BusinessNameLine1Txt6BOSTON UNIVERSITY (PROMYS DESIGNATION)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7BOSTON UNIVERSITY (PROMYS DESIGNATION)

Document Assets

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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
2023Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$0.98$0.49$0.48
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
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