Civic Intelligence

Math-M-Addicts New York Inc

EIN 47-2546603 • 501(c)3 • New York, NY

Profile

The mission of Math-M-Addicts is to help students become better problem-solvers, to support their right to intellectual excellence, and to create a diverse community of learners united by their passion for math.

PO Box 580 322 West 52nd StreetNew York, NY 10019

www.mathmaddicts.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.23x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.33x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$14,106

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

6.2%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$625,716

Up $66,628 (+12%) from 2023

Liabilities

Up

$144,592

Up $377 (+0.3%) from 2023

Net Assets

Up

$481,124

Up $66,251 (+16%) from 2023

Revenue

Up

$443,974

Up $26,107 (+6.2%) from 2023

Expenses

Up

$377,723

Up $37,739 (+11%) from 2023

Net Income

Down

$66,251

Down $11,632 (-15%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2016: $106,261Liabilities 2016: $0Net Assets 2016: $106,2612016Assets 2017: $209,679Liabilities 2017: $0Net Assets 2017: $209,6792017Assets 2018: $212,433Liabilities 2018: $0Net Assets 2018: $212,4332018Assets 2019: $291,320Liabilities 2019: $92,140Net Assets 2019: $199,1802019Assets 2020: $297,381Liabilities 2020: $156,166Net Assets 2020: $141,2152020Assets 2021: $438,187Liabilities 2021: $122,280Net Assets 2021: $315,9072021Assets 2022: $442,287Liabilities 2022: $105,297Net Assets 2022: $336,9902022Assets 2023: $559,088Liabilities 2023: $144,215Net Assets 2023: $414,8732023Assets 2024: $625,716Liabilities 2024: $144,592Net Assets 2024: $481,1242024

Highlighted filing

2024

Assets$625,716
Liabilities$144,592
Net Assets$481,124

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $112,988Expenses 2016: $59,689Net Income 2016: $53,2992016Revenue 2017: $238,545Expenses 2017: $134,205Net Income 2017: $104,3402017Revenue 2018: $245,002Expenses 2018: $239,467Net Income 2018: $5,5352018Revenue 2019: $248,225Expenses 2019: $271,216Net Income 2019: -$22,9912019Revenue 2020: $313,089Expenses 2020: $373,979Net Income 2020: -$60,8902020Revenue 2021: $491,984Expenses 2021: $314,940Net Income 2021: $177,0442021Revenue 2022: $334,043Expenses 2022: $289,625Net Income 2022: $44,4182022Revenue 2023: $417,867Expenses 2023: $339,984Net Income 2023: $77,8832023Revenue 2024: $443,974Expenses 2024: $377,723Net Income 2024: $66,2512024

Highlighted filing

2024

Revenue$443,974
Expenses$377,723
Net Income$66,251

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$334,043
Mission and Program Overview

Mission

To enrich students who have an interest in math beyond what is offered as part of school curricula and competitive math teams. The goal of the program is to teach problem-solving skills needed to tackle challenging mathematical concepts in a collaborative setting. The value is placed on the process of thinking critically and communicating clearly. There is less focus on speed.

The mission of Math-M-Addicts is to help students become better problem-solvers, to support their right to intellectual excellence, and to create a diverse community of learners united by their passion for math.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$236,760$295,121▲ $58,361
Pledges and Grants Receivable$110,450$77,100▼ $33,350
Investments in Publicly Traded Securities$90,977$70,066▼ $20,911
Total Assets$438,187$442,287▲ $4,100
Liabilities
Deferred Revenue$116,780$104,947▼ $11,833
Accounts Payable and Accrued Expenses$5,500$350▼ $5,150
Total Liabilities$122,280$105,297▼ $16,983
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$315,907$336,990▲ $21,083
Total Net Assets Fund Balance$315,907$336,990▲ $21,083
Total Liabilities and Net Assets / Fund Balance$438,187$442,287▲ $4,100
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tanya GrossTrusteePT$14,106$14,106

Board Members and Trustees

NameTitle
Marcos BuenoTrustee
Mark GurevichTrustee
Olga BreydoTrustee
Ruvim BreydoTrustee
Sepideh PashaieTrustee
Sergey LevinTrustee
Wei-Ming LeeTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$131,629
Program Service Revenue
$200,938
Investment Income
$1,476
Other Revenue
$0
All Other Contributions
$131,629
Change in Net Assets
$44,418
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$237,168
Other Expenses$52,457
Total Fundraising Expense$1,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$198,193$22,021-$220,214
Payroll Taxes$13,563$3,391-$16,954
Fees for Services Other-$13,476-$13,476
Occupancy$9,864$2,630$658$13,152
All Other Expenses$2,724$3,730-$6,454
Fees for Services Legal-$5,650-$5,650
Insurance-$3,624-$3,624
Other Expenses$1,609$460$230$2,299
Conferences and Meetings-$159-$159
Total Functional Expenses$233,372$55,253$1,000$289,625
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tanya GrossTrusteePayment provided for teaching servicesNo$14,106
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Forgivable loan payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
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

Officer directors etc family relationship Part VI line 2

Ruvim Breydo and Olga Breydo serve as board of trustees and are related by marriage.

Form 990 governing body review Part VI line 11

The 990 and related files were sent to the Board for review and comment before submittal to respective agencies.

Conflict of interest policy compliance Part VI line 12C

All board of directors and employees are immediately required to disclose any potential relationship that may give rise to a conflict of interest.

CEO executive director top management comp Part VI line 15A

Compensation is set by the board of directors based on best practices and is reviewed annually.

Other officer or key employee compensation Part VI line 15B

Compensation is set by the board of directors based on best practices and is reviewed annually.

Form 990 availability to public Part VI line 18

The 990 and related schedules is made available upon request and can also be found on Guidestar.com, which is a third party independent website that publishes certain nonprofit information.

Governing documents etc available to public Part VI line 19

The Organization makes available its governing documents and policies and procedures upon request.

Filing and Contact Details

Filer

Filer Name
Math-m-addicts New York Inc
EIN
47-2546603
Address
PO BOX 580 322 WEST 52ND STREET, New York, NY 10019

Signing Officer

Name
Marcos Bueno
Title
Trustee
Phone
2124780695
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcos Bueno
Formed
2014
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
16
Volunteers
8

Preparer

Firm
Ketcham & Associates LLC
Address
202 Mountain Avenue, Westfield, NJ 07090
Preparer
Steven Ketcham CPA
Phone
9082324618
Supplemental Narrative

Additional Explanations

General explanation attachment

Form 990, Part III, Line 4a (Program Accomplishments):We received the second IMO medal in our history we are exceptionally proud of Marvin Mao who earned a silver medal this summer as part of the Canadian team in Chiba, Japan. In addition, over 10 Math-M-Addicts current and former students qualified for USAMO and USAJMO. In keeping with tradition, our students enjoyed success in these competitions with 3 USAJMO Winners, 2 USAJMO Honorable Mentions, 3 USAMO Silver Medals, 2 USAMO Bronze Medals, and 1 USAMO Honorable Mention. In addition, one of our former students also received an Honorable Mention on the USAMO. Lastly, our graduates continue shining in college, earning three of the top 100 spots in the December 2022 William Lowell Putnam Competition. A number of students who originally started in our Talent Search program for underprivileged students continue making it through the ranks of our Saturday program. One student qualified for SP300 in Fall 2023 and another student started in SP400. We hope that problem solving skills they acquire in these classes continue being useful long after they graduate from our program.Girls Adventures in Math (GAIM) 2023 marked a return to a full competition as well as the beginning of a fruitful partnership with Art of Problem Solving. Nearly 1000 girls from all over the United States competed, including teams from several Title 1 schools. This years comics featured GAIM women Grace Alele-Williams (math professor), Alicia Alonso (ballerina), Ellen Demorest (fashion designer), and Chien-Shiung Wu (physicist). Coaches were enthusiastic in their praise for GAIMs fun factor and ability to bring girls together and boost their math confidence. GAIM 2024 promises more of the same mind-bending fun and camaraderie! Find out more more at www.girlsadventuresinmath.com. With the goal of increasing our community footprint, we recently created a Junior Board. Presently consisting of 11 college first-years, high school seniors, and high school juniors, this is an opportunity for a select group of Math-M-Addicts students and recent alumni to have a voice in the future of the program and to help steer our organization to better nurture new generations of math enthusiasts.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Ruvim Breydo and Olga Breydo serve as board of trustees and are related by marriage.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 and related files were sent to the Board for review and comment before submittal to respective agencies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All board of directors and employees are immediately required to disclose any potential relationship that may give rise to a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is set by the board of directors based on best practices and is reviewed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation is set by the board of directors based on best practices and is reviewed annually.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization makes available its governing documents and policies and procedures upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Form 990, Part III, Line 4a (Program Accomplishments):We received the second IMO medal in our history we are exceptionally proud of Marvin Mao who earned a silver medal this summer as part of the Canadian team in Chiba, Japan. In addition, over 10 Math-M-Addicts current and former students qualified for USAMO and USAJMO. In keeping with tradition, our students enjoyed success in these competitions with 3 USAJMO Winners, 2 USAJMO Honorable Mentions, 3 USAMO Silver Medals, 2 USAMO Bronze Medals, and 1 USAMO Honorable Mention. In addition, one of our former students also received an Honorable Mention on the USAMO. Lastly, our graduates continue shining in college, earning three of the top 100 spots in the December 2022 William Lowell Putnam Competition. A number of students who originally started in our Talent Search program for underprivileged students continue making it through the ranks of our Saturday program. One student qualified for SP300 in Fall 2023 and another student started in SP400. We hope that problem solving skills they acquire in these classes continue being useful long after they graduate from our program.Girls Adventures in Math (GAIM) 2023 marked a return to a full competition as well as the beginning of a fruitful partnership with Art of Problem Solving. Nearly 1000 girls from all over the United States competed, including teams from several Title 1 schools. This years comics featured GAIM women Grace Alele-Williams (math professor), Alicia Alonso (ballerina), Ellen Demorest (fashion designer), and Chien-Shiung Wu (physicist). Coaches were enthusiastic in their praise for GAIMs fun factor and ability to bring girls together and boost their math confidence. GAIM 2024 promises more of the same mind-bending fun and camaraderie! Find out more more at www.girlsadventuresinmath.com. With the goal of increasing our community footprint, we recently created a Junior Board. Presently consisting of 11 college first-years, high school seniors, and high school juniors, this is an opportunity for a select group of Math-M-Addicts students and recent alumni to have a voice in the future of the program and to help steer our organization to better nurture new generations of math enthusiasts.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7General explanation attachment
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