Civic Intelligence

United Math Circles Foundation

990 • Fiscal year 2021 • EIN 46-3636266

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 07, 2021

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

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

59th percentile

18%

Higher net margin than 59% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$133,005

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

74th percentile

31%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.3%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$581,874

Up $136,487 (+31%) from 2020

Net Assets

Up

$581,874

Up $136,487 (+31%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$761,876

Up $51,934 (+7.3%) from 2020

Expenses

Up

$625,389

Up $31,354 (+5.3%) from 2020

Net Income

Up

$136,487

Up $20,580 (+18%) from 2020

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

2021

Assets$581,874
Liabilities$0
Net Assets$581,874

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

2021

Revenue$761,876
Expenses$625,389
Net Income$136,487
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 7, 2021
Return Version
2020v4.0
Gross Receipts
$761,876
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$445,387$581,874▲ $136,487
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$445,387$581,874▲ $136,487
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$445,387$581,874▲ $136,487
Total Net Assets Fund Balance$445,387$581,874▲ $136,487
Total Liabilities and Net Assets / Fund Balance$445,387$581,874▲ $136,487
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Zvezdelina StankovaCEOPT$133,005$133,005
Laura GiventalCOOFT$80,139$80,139
Maria NemirovskayaTrustee-$6,383$6,383
Tatiana ShubinCFO-$1,500$1,500
Christopher OvertonTrustee-$1,405$1,405

Board Members and Trustees

NameTitle
Quan LamPresident
Dmitri MironovTrustee
Ivan MaticTrustee
Paul ZeitzTrustee
Richard KubelkaTrustee
Slobodan SimicTrustee
Anna RatnerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$17,817
Program Service Revenue
$744,059
Investment Income
$0
Other Revenue
$0
All Other Contributions
$17,817
Change in Net Assets
$136,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$581,388
Other Expenses$44,001
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$316,080$34,467-$350,547
Current Officers, Directors, Trustees, and Key Employees$39,095$145,656-$184,751
Payroll Taxes$30,581$15,509-$46,090
Fees for Services Other$26,447$2,281-$28,728
Insurance-$5,811-$5,811
Office Expenses-$3,947-$3,947
Fees for Services Accounting-$2,175-$2,175
Other Expenses-$805-$805
Conferences and Meetings-$450-$450
Travel-$33-$33
Total Functional Expenses$412,203$213,186$0$625,389
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 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
Yes
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 (CEO) and Dmitri Mironov (trustee) are married. Michel Banda Dieguez (Employee ) is Laura Givental's (COO) son-in-law.

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

The preliminary tax documents are presented to the Board members for review and approval.

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

Any conflict of interest is disclosed to the Board of Trustees of UMCF. All Board members are aware of any changes in potential conflicts of the other Board Members. Violations of the Conflicts of Interest Policy will result in the Board taking appropriate disciplinary and corrective action.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Salaries 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. The compensation to the officer is given only for teaching or administrative work.

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

Salaries to 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
Laura Givental
Title
COO
Signed
2021-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zvezdelina Stankova
Formed
2013
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
9
Employees
27
Volunteers
40

Preparer

Firm
Iryna Ac
Address
1000 Broadway 200-G, Oakland, CA 94607
Preparer
Kostyantyn Oreshkov EA
Phone
5104679506
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IRS990/PrincipalOfficerNm0Zvezdelina Stankova
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IRS990/ProgramServiceRevenueGrp/Desc0After-School Math Program
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0744059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0744059
IRS990/ProgSrvcAccomActy2Grp/Desc0BMC Elementary is the after-school math program that has 728 students enrolled 1st-4th graders preparing for math contest, careers in math, theories, etc.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0171224
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0285377
IRS990/ProgSrvcAccomActy3Grp/Desc0SJMC is the after-school math program located in San Jose, CA that is encouraging students to undertake careers in math. It has about 34 middle and high school students.
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IRS990/PYSalariesCompEmpBnftPaidAmt0217742
IRS990/PYTotalExpensesAmt0594035
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt045000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt017817
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt025030
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03107
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt031041
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt011623
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02785325
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Zvezdelina Stankova (CEO) and Dmitri Mironov (trustee) are married. Michel Banda Dieguez (Employee ) is Laura Givental's (COO) son-in-law.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The preliminary tax documents are presented to the Board members for review and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Any conflict of interest is disclosed to the Board of Trustees of UMCF. All Board members are aware of any changes in potential conflicts of the other Board Members. Violations of the Conflicts of Interest Policy will result in the Board taking appropriate disciplinary and corrective action.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Salaries 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. The compensation to the officer is given only for teaching or administrative work.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Salaries to 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 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
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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