Mathematical Staircase Inc

“The President and Chair of the Board, sarah-marie belcastro, PhD, is the daughter of Joan Belcastro, Treasurer.”

“The following board members cannot be reached at the organization's address: 1) sarah-marie belcastro, PhD, 2923 Garrett Rd., FL2, Drexel Hill, PA, 19026 2) Hannah Alpert, PhD, Clerk and Secretary of the Board, 449 Harper Ave., Apt 6, Auburn, AL 36830 3) Joan Belcastro, Treasurer, 285 N. Grandview Ave., Dubuque, IA, 52001 4) Joshua Greene, PhD, 1 Regent Circle #3, Brookline, MA, 02445 5) Emily Peters, PhD, 646 Judson Ave., Evanston, IL, 60202.”

“The Treasurer prepares form 990 and accompanying schedules which are reviewed by the President and Chair of the Board and the Clerk and Secretary of the Board.”

“All members of the Board are aware of the family relationship between the President and Chair of the Board and the Treasurer. These two individuals must recuse themselves from discussions and voting on issues affecting the one or the other. Such discussions take place without their presence.”

“The organization's articles of incorporation are available for public view at the website of the Secretary of State of the Commonwealth of Massachusetts. The Bylaws of the organization are available on request from the Clerk of the corporation. The Bylaws include an extensive conflict-of-interest policy. Financial statements are available on the organization's website as well as on GuideStar as are its tax filings. Form 1023 is available upon request and the determination letter is posted on the Mathematical Staircase, Inc., website.”

“The $44,098 paid to sarah-marie belcastro was not for work related to her position as President and Chair of the Board. As director of the MathILy summer program the was paid $25,550, as an instructor she was paid $7,622 in the MathILy program, $8,239 as instructor for FaBraC, and $2,786 for work rated to the NSF grant described in Schedule L, Part V. Emily Peters was paid $3,049 as an instructor in the MathILy program.”

“The organization was required to change its method of accounting from the cash method to the accrual method according to the nonprofit corporate laws of the Commonwealth of Massachusetts because its revenues exceeded $500,000 for the first time since incorporation. Accordingly, the organization changed from the cash to the accrual basis of accounting and has recorded a prior period adjustment in the amount of $7,957 to reflect the cumulative effect of the change. After extensive research, it was determined that it was not necessary to file Form 3115. As evidence of this, a letter dated July 21, 2022, to Mr. Scott Vance of the Internal Revenue Service from the American Institute of Certified Public Accountants, page 13, item 6, recommends that section 3.17 of Rev. Proc. 2015-13, clearly state that exempt organizations which have no taxable income and no unrelated business income be exempt from filing Form 3115. Since Mathematical Staircase, Inc., has no taxable income, no unrelated business income, and was required by the Commonwealth of Massachusetts to make the change in accounting method, it has been determined that it was not required to file Form 3115.”