Civic Intelligence

United Math Circles Foundation

990 • Fiscal year 2017 • EIN 46-3636266

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 21, 2017

5426 Hillside AveEl Cerrito, CA 94530

(510) 237-1542

Siviq Scores

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

Liabilities / Assets

54th percentile

0.00x

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

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

Liabilities / Revenue

54th percentile

0.00x

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

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

Net Margin

51st percentile

3.6%

Higher net margin than 51% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

59th percentile

7.4%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

87th percentile

53%

Faster revenue growth than 87% of similar nonprofits.

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

Assets

Up

$182,218

Up $12,598 (+7.4%) from 2016

Net Assets

Up

$182,218

Up $12,598 (+7.4%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$346,714

Up $120,746 (+53%) from 2016

Expenses

Up

$334,116

Up $118,347 (+55%) from 2016

Net Income

Up

$12,598

Up $2,399 (+24%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $26,413Net Assets 2014: $26,4132014Assets 2015: $159,421Liabilities 2015: $0Net Assets 2015: $159,4212015Assets 2016: $169,620Liabilities 2016: $0Net Assets 2016: $169,6202016Assets 2017: $182,218Liabilities 2017: $0Net Assets 2017: $182,2182017Assets 2018: $311,455Liabilities 2018: $0Net Assets 2018: $311,4552018Assets 2019: $329,480Liabilities 2019: $0Net Assets 2019: $329,4802019Assets 2020: $445,387Liabilities 2020: $0Net Assets 2020: $445,3872020Assets 2021: $581,874Liabilities 2021: $0Net Assets 2021: $581,8742021Assets 2022: $646,550Liabilities 2022: $0Net Assets 2022: $646,5502022Assets 2023: $712,839Liabilities 2023: $0Net Assets 2023: $712,8392023Assets 2024: $837,191Liabilities 2024: $0Net Assets 2024: $837,1912024Assets 2025: $769,220Liabilities 2025: $0Net Assets 2025: $769,2202025

Highlighted filing

2017

Assets$182,218
Liabilities$0
Net Assets$182,218

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $55,075Expenses 2014: $28,662Net Income 2014: $26,4132014Revenue 2015: $266,862Expenses 2015: $133,854Net Income 2015: $133,0082015Revenue 2016: $225,968Expenses 2016: $215,769Net Income 2016: $10,1992016Revenue 2017: $346,714Expenses 2017: $334,116Net Income 2017: $12,5982017Revenue 2018: $532,679Expenses 2018: $403,442Net Income 2018: $129,2372018Revenue 2019: $522,732Expenses 2019: $504,707Net Income 2019: $18,0252019Revenue 2020: $709,942Expenses 2020: $594,035Net Income 2020: $115,9072020Revenue 2021: $761,876Expenses 2021: $625,389Net Income 2021: $136,4872021Revenue 2022: $710,919Expenses 2022: $646,243Net Income 2022: $64,6762022Revenue 2023: $819,278Expenses 2023: $752,989Net Income 2023: $66,2892023Revenue 2024: $737,943Expenses 2024: $613,591Net Income 2024: $124,3522024Revenue 2025: $551,286Expenses 2025: $619,257Net Income 2025: -$67,9712025

Highlighted filing

2017

Revenue$346,714
Expenses$334,116
Net Income$12,598
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 21, 2017
Return Version
2016v3.0
Gross Receipts
$346,714
Mission and Program Overview

Mission

The specific purpose of this organization is to enrich mathematical education, to advance mathematical knowledge and skills among children, and to carry on other charitable and educational activities associated with this goal as allowed by law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$169,620$182,218▲ $12,598
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$169,620$182,218▲ $12,598
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$169,620$182,218▲ $12,598
Total Net Assets Fund Balance$169,620$182,218▲ $12,598
Total Liabilities and Net Assets / Fund Balance$169,620$182,218▲ $12,598
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Zvezdelina StankovaPresidentPT$77,673$77,673
Laura GiventalSecretaryPT$38,250$38,250

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$11,623
Program Service Revenue
$335,091
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,623
Change in Net Assets
$12,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,249
Salaries, Compensation, and Employee Benefits$128,867
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$177,310--$177,310
Current Officers, Directors, Trustees, and Key Employees$128,867--$128,867
Office Expenses-$16,433-$16,433
Travel-$2,115-$2,115
Fees for Services Accounting-$2,030-$2,030
Insurance-$1,600-$1,600
Other Expenses$917$50-$50
All Other Expenses-$49-$49
Total Functional Expenses$307,094$27,022$0$334,116
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Zvezdelina Stankova and Dmitri Mironov are husband and wife; Hung-Hsi Wu and Kuniko Wu are husband and wife.

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

For each change or report (annual report, budget, compensation) the organization has a board meeting. There are meeting notes for each board meeting. Action by unanimous written consent document signed by all board members.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is sent to all board members for review. If there are no comments within the week, it will considered to be reviewed by the board.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All decisions that were pertinent to the conflict of interest policy were put forward for full Board review and approval.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Salaries to math circle directors, instructors, and other employees have been determined by the Board in comparison with similar programs. Any change in these salaries/compensations is fully reviewed and approved by the Board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Organization's governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
United Math Circles Foundation
EIN
46-3636266
Phone
5102371542
Address
5426 Hillside Ave, El Cerrito, CA 94530

Signing Officer

Name
Zvezdelina Stankova
Title
President
Signed
2017-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zvezdelina Stankova
Formed
2013
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Iryna Ac
Address
1000 Broadway 200-G, Oakland, CA 94607
Preparer
Iryna Oreshkova CPA
Phone
5104679506
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Zvezdelina Stankova and Dmitri Mironov are husband and wife; Hung-Hsi Wu and Kuniko Wu are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1For each change or report (annual report, budget, compensation) the organization has a board meeting. There are meeting notes for each board meeting. Action by unanimous written consent document signed by all board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is sent to all board members for review. If there are no comments within the week, it will considered to be reviewed by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All decisions that were pertinent to the conflict of interest policy were put forward for full Board review and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Salaries to math circle directors, instructors, and other employees have been determined by the Board in comparison with similar programs. Any change in these salaries/compensations is fully reviewed and approved by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Organization's governing documents, policies and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/USAddress/AddressLine1Txt01145 Park Hills Road
IRS990/USAddress/CityNm0Berkeley
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094708
IRS990/VotingMembersGoverningBodyCnt09
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IRS990/WebsiteAddressTxt0www.UnitedMathCirclesFoundation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Zvezdelina Stankova
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President

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