Civic Intelligence

Mathcounts Foundation

990 • Fiscal year 2016 • EIN 54-1295407

Aug 01, 2015 to Jul 31, 2016 • Filed on Dec 08, 2016

1420 King StreetAlexandria, VA 22314-2750

(703) 299-9006

Siviq Scores

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

Liabilities / Assets

60th percentile

0.18x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

60th percentile

0.17x

Higher debt load relative to revenue than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

46th percentile

1.0%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

29th percentile

-3.0%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

14%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,723,357

Down $84,840 (-3.0%) from 2015

Net Assets

Down

$2,228,899

Down $16,098 (-0.7%) from 2015

Liabilities

Down

$494,458

Down $68,742 (-12%) from 2015

Revenue

Up

$2,847,821

Up $343,308 (+14%) from 2015

Expenses

Up

$2,820,683

Up $92,299 (+3.4%) from 2015

Net Income

Up

$27,138

Up $251,009 (+112%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,279,198Liabilities 2011: $507,940Net Assets 2011: $1,771,2582011Assets 2012: $2,521,683Liabilities 2012: $490,041Net Assets 2012: $2,031,6422012Assets 2013: $3,185,195Liabilities 2013: $571,789Net Assets 2013: $2,613,4062013Assets 2014: $3,130,200Liabilities 2014: $624,405Net Assets 2014: $2,505,7952014Assets 2015: $2,808,197Liabilities 2015: $563,200Net Assets 2015: $2,244,9972015Assets 2016: $2,723,357Liabilities 2016: $494,458Net Assets 2016: $2,228,8992016Assets 2017: $3,352,028Liabilities 2017: $533,530Net Assets 2017: $2,818,4982017Assets 2018: $3,582,138Liabilities 2018: $491,444Net Assets 2018: $3,090,6942018Assets 2019: $3,807,879Liabilities 2019: $641,055Net Assets 2019: $3,166,8242019Assets 2020: $4,751,301Liabilities 2020: $583,660Net Assets 2020: $4,167,6412020Assets 2021: $5,939,656Liabilities 2021: $763,660Net Assets 2021: $5,175,9962021Assets 2022: $6,563,497Liabilities 2022: $753,568Net Assets 2022: $5,809,9292022Assets 2023: $6,157,589Liabilities 2023: $692,765Net Assets 2023: $5,464,8242023Assets 2024: $6,323,346Liabilities 2024: $715,626Net Assets 2024: $5,607,7202024

Highlighted filing

2016

Assets$2,723,357
Liabilities$494,458
Net Assets$2,228,899

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,291,946Expenses 2011: $2,695,897Net Income 2011: -$403,9512011Expenses 2012: $2,679,4482012Expenses 2013: $2,795,8962013Revenue 2014: $2,852,076Expenses 2014: $3,057,505Net Income 2014: -$205,4292014Revenue 2015: $2,504,513Expenses 2015: $2,728,384Net Income 2015: -$223,8712015Revenue 2016: $2,847,821Expenses 2016: $2,820,683Net Income 2016: $27,1382016Revenue 2017: $3,166,237Expenses 2017: $2,746,171Net Income 2017: $420,0662017Revenue 2018: $3,339,271Expenses 2018: $3,067,438Net Income 2018: $271,8332018Revenue 2019: $2,828,510Expenses 2019: $2,775,355Net Income 2019: $53,1552019Revenue 2020: $3,092,069Expenses 2020: $2,174,284Net Income 2020: $917,7852020Revenue 2021: $3,161,450Expenses 2021: $2,472,644Net Income 2021: $688,8062021Revenue 2022: $3,956,274Expenses 2022: $2,963,177Net Income 2022: $993,0972022Revenue 2023: $2,687,820Expenses 2023: $3,134,898Net Income 2023: -$447,0782023Revenue 2024: $4,451,400Expenses 2024: $3,261,897Net Income 2024: $1,189,5032024

Highlighted filing

2016

Revenue$2,847,821
Expenses$2,820,683
Net Income$27,138
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Dec 8, 2016
Return Version
2015v2.1
Gross Receipts
$4,775,527
Mission and Program Overview

Mission

MATHCOUNTS provides fun and challenging math programs to U.S. middle school students to increase their academic and professional opportunities.

Promoting excellence in math skills among middle school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,973,940$2,079,572▲ $105,632
Cash and Non-Interest-Bearing Accounts$37,428$458,731▲ $421,303
Land, Buildings, and Equipment, Net$113,585$75,026▼ $38,559
Savings and Temporary Cash Investments$352,249$51,390▼ $300,859
Prepaid Expenses and Deferred Charges$48,985$46,301▼ $2,684
Accounts Receivable$282,010$12,337▼ $269,673
Total Assets$2,808,197$2,723,357▼ $84,840
Liabilities
Grants Payable$313,815$315,699▲ $1,884
Accounts Payable and Accrued Expenses$188,112$98,668▼ $89,444
Escrow Account Liability$35,539$54,807▲ $19,268
Deferred Revenue$25,734$25,284▼ $450
Total Liabilities$563,200$494,458▼ $68,742
Net Assets / Fund Balance
Unrestricted Net Assets$1,807,497$1,928,899▲ $121,402
Temporarily Rstr Net Assets$437,500$300,000▼ $137,500
Total Net Assets Fund Balance$2,244,997$2,228,899▼ $16,098
Total Liabilities and Net Assets / Fund Balance$2,808,197$2,723,357▼ $84,840

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$75,026$225,910$300,936
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lou DiGioia CAEExecutive Director & SecretaryFT$174,795$27,140$201,935
Kristen ChandlerAssociate Executive DirectorFT$126,250$22,047$148,297

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Natl Society of Professional EngineersRent/services/salary reimbursement1420 King Street, Alexandria, VA 22314$1,115,873
Sheraton Boston HotelCompetition venue/food39 Dalton Street, Boston, MA 02199$315,448
HBP IncPrinting/fulfillment952 Frederick Street, Hagerstown, MD 21740$236,968
ATC Travel ManagementTravel agent services/ flightsBox 5912 Lutherville, Timonium, MD 21094$112,500
M Squared On StageAudio-visual for event2236 Northmont Pkwy, Duluth, GA 30096$102,358
Revenue and Support

Revenue Composition

Contributions and Grants
$1,722,126
Program Service Revenue
$1,052,245
Investment Income
$65,060
Other Revenue
$8,390
All Other Contributions
$1,422,126
Change in Net Assets
$27,138

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$43,400Fair Market Value (FMV)
Total Noncash Contributions1$43,400-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,829,971
Revenue Not Reported on Financial Statements
$17,850
Revenue Not Reported on Form 990
$-43,236
Total Revenue per Audited Statements
$2,786,735
Total Revenue per Form 990
$2,847,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,623,570
Salaries, Compensation, and Employee Benefits$895,881
Grants and Similar Amounts Paid$301,232
Total Fundraising Expense$242,389
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$373,251$3,613$73,728$450,592
Office Expenses$286,403$34,985$5,658$327,046
Travel$279,130$2,683$1,460$283,273
Grants to Domestic Orgs$250,232--$250,232
Other Employee Benefits$196,924$1,906$38,898$237,728
Occupancy$174,960$6,480$34,560$216,000
Current Officers, Directors, Trustees, and Key Employees$171,933$1,665$33,963$207,561
Fees for Services Other$139,172$660$25,544$165,376
Depreciation Depletion$48,983$3,101$17,917$70,001
Conferences and Meetings$56,059$1,174-$57,233
Grants to Domestic Individuals$51,000--$51,000
Information Technology$22,715$10,023$70$32,808
Fees for Services Accounting-$18,250-$18,250
Fees for Service Investment Mgmnt Fees-$17,850-$17,850
Fees for Services Legal-$3,053$10,093$13,146
Advertising$11,658--$11,658
Insurance-$7,211-$7,211
Other Expenses$394,241$5,392$498$5,392
Total Functional Expenses$2,456,661$121,633$242,389$2,820,683

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,820,683
Expenses per Audited Statements$2,802,833
Total Expenses per Audited Statements$2,802,833
Expenses Not Reported on Financial Statements$17,850
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
MATHCOUNTS ManhattanNew York, NY501(c)(3)Chapter/State Designated Reimbursements$17,850
The California Society of Professional Engineers Education FoundationSacramento, CA501(c)(3)State Registration Fee Reimbursements$16,045
Texas Engineering FoundationAustin, TX501(c)(3)State Registration Fee Reimbursements/ Chapter/State Designated Reimbursements$14,940
Florida Engineering FoundationTallahassee, FL501(c)(3)State Registration Fee Reimbursements/ Chapter/State Designated Reimbursements$14,850
Pennsylvania Engineering FoundationHarrisburg, PA501(c)(3)State Registration Fee Reimbursements/ Chapter/State Designated Reimbursements$14,285
Illinois Engineering FoundationSpringfield, IL501(c)(3)State Registration Fee Reimbursements$9,205
Professional Engineers of North Carolina-Educational FoundationRaleigh, NC501(c)(3)State Registration Fee Reimbursements$8,250
Engineers Foundation of OhioColumbus, OH501(c)(3)State Registration Fee Reimbursements State Registration Fee Reimbursements$7,875
Foundation for Engineering Education IncAlbany, NY501(c)(3)State Registration Fee Reimbursements$6,885
Minnesota MATHCOUNTSEagan, MN501(c)(3)State Registration Fee Reimbursements$5,780
Michigan Engineers FoundationLansing, MI501(c)(3)State Registration Fee Reimbursements$5,770
National Society of Professional Engineers Colorado Education FoundationColorado Springs, CO501(c)(3)State Registration Fee Reimbursements$5,635
New Jersey Society of Professional Engineers IncTrenton, NJ501(c)(6)State Registration Fee Reimbursements$5,490
Georgia Engineering FoundationAtlanta, GA501(c)(3)State Registration Fee Reimbursements$5,130
Virginia Society of Professional Engineers Educational FundMidlothian, VA501(c)(3)State Registration Fee Reimbursements$5,015
Metro Atlanta GSPEAtlanta, GA501(c)(6)Chapter/State Designated Reimbursements$5,000
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 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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part V, Lines 2A & B, Part VII, Part IX Compensation & Benefits Reporting:

Through March of 2016, staffing costs and benefits were reimbursed to the National Society of Professional Engineers (NSPE), an affiliated, but unrelated organization at cost. NSPE filed all required federal employment returns. In April of 2016, the Foundation contracted with Insperity PEO Services, L.P. ("Insperity") as their professional employer organization.

Form 990, Part VI, Section B, line 11

The Executive Director submits a draft form 990 to the Board of Directors for review. The Board of Directors then votes on whether to file form 990 as is, or request changes.

Form 990, Part VI, Section B, line 12C

Each year at the fall board meeting, the conflict of interest policy is discussed by the full board and each member is asked to review and sign the policy.

Form 990, Part VI, Section B, line 15A

The Personnel Committee annually reviews the performance of the Executive Director, and then deliberates as a group to determine compensation. The Committee is provided with independent salary survey data to determine comparability of the compensation package.

Form 990, Part VI, Section C, line 19

MATHCOUNTS makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
MATHCOUNTS Foundation
EIN
54-1295407
Phone
7032999006
Address
1420 King Street, Alexandria, VA 22314-2750

Signing Officer

Name
Louis Digioia
Title
Executive Director & Secretary
Phone
7032999006
Signed
2016-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louis Digioia
Formed
1984
Legal Domicile
De
Voting Board Members
18
Independent Board Members
18
Employees
9
Volunteers
17,000

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Lori A Collingsworth
Phone
7038930300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

Mathcounts has a Budget and Finance Committee tasked with reviewing and approving the audit, financial statements, and annual budget. The process has not changed from last year.

Financial Statement Notes

Part IV, Line 2B:

The Foundation receives contributions for use in support of state competitions. The donors require that these contributions be used to reimburse the state societies for costs they have incurred in support of state competitions. The State Custodials funds held were $54,807 and $35,539 as of July 31, 2016 and 2015, respectively.

Part X, Line 2:

Management has evaluated the Foundation's tax positions and concluded that the Foundation's financial statements do not include any uncertain tax positions.

Raw XML AppendixShowing 400 of 872 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0MATHCOUNTS Competitition Series and Support:The MATHCOUNTS competition series provides the extra incentive and perfect atmosphere for students to push themselves to achieve more in mathematics. Consisting of fun and creative problems, competitions have written and oral rounds, as well as individual and team components. Though challenging and non-routine, the problems focus on the 6th through 8th grade standards of The National Council of Teachers of Mathematics. MATHCOUNTS provides the materials for teachers and students to use as they prepare for the competition series. Participants then advance through school, chapter, and state competitions until the top four students are selected from each state to advance to the national competition.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Bhupinder Singh
IRS990/Form990PartVIISectionAGrp/PersonNm1Pamela Erickson
IRS990/Form990PartVIISectionAGrp/PersonNm2David M Case
IRS990/Form990PartVIISectionAGrp/PersonNm3Manuel DePonte PhD
IRS990/Form990PartVIISectionAGrp/PersonNm4Lou DiGioia CAE
IRS990/Form990PartVIISectionAGrp/PersonNm5John Daegele
IRS990/Form990PartVIISectionAGrp/PersonNm6Nathaniel Edmonds
IRS990/Form990PartVIISectionAGrp/PersonNm7Gerran Geyser
IRS990/Form990PartVIISectionAGrp/PersonNm8Linda Gojak
IRS990/Form990PartVIISectionAGrp/PersonNm9Michael Hardy PE FNSPE
IRS990/Form990PartVIISectionAGrp/PersonNm10Aaron Kock
IRS990/Form990PartVIISectionAGrp/PersonNm11Heidi Pomerantz
IRS990/Form990PartVIISectionAGrp/PersonNm12Sulaksh Shah
IRS990/Form990PartVIISectionAGrp/PersonNm13Maura Sleevi
IRS990/Form990PartVIISectionAGrp/PersonNm14Justin Steil
IRS990/Form990PartVIISectionAGrp/PersonNm15Chris Stone PE
IRS990/Form990PartVIISectionAGrp/PersonNm16Cris Turner
IRS990/Form990PartVIISectionAGrp/PersonNm17Charles W Wampler PhD
IRS990/Form990PartVIISectionAGrp/PersonNm18Kristen Chandler
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Immediate Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Executive Director & Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Associate Executive Director
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IRS990/GrantsToOrganizationsInd01
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
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IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MATHCOUNTS provides fun and challenging math programs to U.S. middle school students to increase their academic and professional opportunities.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc0National Competition
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IRS990/PrincipalOfficerNm0Louis Digioia
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0Competition Registration
IRS990/ProgramServiceRevenueGrp/Desc1Coaching Materials/Promo items
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1120019
IRS990/ProgSrvcAccomActy2Grp/Desc0The National Math Club:The National Math Club is an inclusive math enrichment program that provides club leaders with the free resources and materials needed to run a math club. With registration open to schools, organizations and other groups, The National Math Club brings fun and exciting math to students across the country. Formerly known as the MATHCOUNTS Club Program, the National Math Club helps build confidence in students of all ability and interest levels by giving them the opportunity to engage in unique math activities in a relaxed, social setting.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt085958
IRS990/ProgSrvcAccomActy3Grp/Desc0Public Relations and Newsletter:MATHCOUNTS conducts an extensive campaign to share our wide array of educational resources to teachers, school administrators, students, and parents throughout the country. This campaign includes our biannual newsletter that is distributed to every middle school in the United States and contains a free math poster for classrooms.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.32$0.72$5.61$4.45$3.26$1.19
2023Detailed filing. Detailed filing data is available for this year.$6.16$0.69$5.46$2.69$3.13$0.45
2022Detailed filing. Detailed filing data is available for this year.$6.56$0.75$5.81$3.96$2.96$0.99
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.94$0.76$5.18$3.16$2.47$0.69
2020Detailed filing. Detailed filing data is available for this year.$4.75$0.58$4.17$3.09$2.17$0.92
2019Detailed filing. Detailed filing data is available for this year.$3.81$0.64$3.17$2.83$2.78$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.58$0.49$3.09$3.34$3.07$0.27
2017Detailed filing. Detailed filing data is available for this year.$3.35$0.53$2.82$3.17$2.75$0.42
2016Detailed filing. Detailed filing data is available for this year.$2.72$0.49$2.23$2.85$2.82$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.81$0.56$2.24$2.50$2.73$0.22
2014Detailed filing. Detailed filing data is available for this year.$3.13$0.62$2.51$2.85$3.06$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.57$2.61$2.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.49$2.03$2.68
2011Summary only. Only limited summary data is available for this year.$2.28$0.51$1.77$2.29$2.70$0.40