Civic Intelligence

Mathcounts Foundation

990 • Fiscal year 2020 • EIN 54-1295407

Aug 01, 2019 to Jul 31, 2020 • Filed on Feb 04, 2021

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

53rd percentile

0.12x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

0.19x

Higher debt load relative to revenue than 58% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

90th percentile

$207,148

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

76th percentile

25%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

9.3%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,751,301

Up $943,422 (+25%) from 2019

Net Assets

Up

$4,167,641

Up $1,000,817 (+32%) from 2019

Liabilities

Down

$583,660

Down $57,395 (-9.0%) from 2019

Revenue

Up

$3,092,069

Up $263,559 (+9.3%) from 2019

Expenses

Down

$2,174,284

Down $601,071 (-22%) from 2019

Net Income

Up

$917,785

Up $864,630 (+1627%) from 2019

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

2020

Assets$4,751,301
Liabilities$583,660
Net Assets$4,167,641

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

2020

Revenue$3,092,069
Expenses$2,174,284
Net Income$917,785
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Feb 4, 2021
Return Version
2019v5.2
Gross Receipts
$3,092,069
Mission and Program Overview

Mission

MATHCOUNTS provides engaging math programs for US middle school students of all ability levels to build confidence and improve attitudes towards math and problem solving.

Providing engaging math programs for US middle school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,775,066$2,904,154▲ $129,088
Cash and Non-Interest-Bearing Accounts$555,565$1,263,207▲ $707,642
Savings and Temporary Cash Investments$25,127$325,528▲ $300,401
Land, Buildings, and Equipment, Net$166,757$127,630▼ $39,127
Accounts Receivable$43,722$55,714▲ $11,992
Pledges and Grants Receivable$214,996$42,140▼ $172,856
Prepaid Expenses and Deferred Charges$26,646$32,928▲ $6,282
Total Assets$3,807,879$4,751,301▲ $943,422
Liabilities
Grants Payable$341,819$317,213▼ $24,606
Accounts Payable and Accrued Expenses$162,919$139,151▼ $23,768
Escrow Account Liability$70,991$84,095▲ $13,104
Deferred Revenue$65,326$43,201▼ $22,125
Total Liabilities$641,055$583,660▼ $57,395
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,316,824$3,202,641▲ $885,817
Net Assets With Donor Restrictions$850,000$965,000▲ $115,000
Total Net Assets Fund Balance$3,166,824$4,167,641▲ $1,000,817
Total Liabilities and Net Assets / Fund Balance$3,807,879$4,751,301▲ $943,422

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$20,833$463,603$484,436
Leasehold Improvements$102,857$14,558$117,415
Equipment$3,940$28,753$32,693
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristen ChandlerExecutive Director/ SecretaryFT$177,967$29,181$207,148
Amanda NaarDeputy Director & Director of StrategyFT$131,667$6,583$138,250

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Hilton Lake Buena VistaHotel for National Competition (lodging1751 Hotel Plaza Blvd, Lake Buena Vista, FL 32830$274,325
HBP IncPrinting and fulfillment952 Frederick Street, Hagerstown, MD 21740$201,611
ATC Travel ManagementTransportation/flights for national compPO Box 5912, LuthervilleTimonium, MD 21094-5912$120,425
M SquaredAudio visual provider2236 Northmont Pkwy, Duluth, GA 30096$119,214
Revenue and Support

Revenue Composition

Contributions and Grants
$1,840,035
Program Service Revenue
$1,184,958
Investment Income
$67,076
Other Revenue
$0
All Other Contributions
$1,840,035
Change in Net Assets
$917,785

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$41,850Fair Market Value (FMV)
Total Noncash Contributions1$41,850-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,071,940
Revenue Not Reported on Financial Statements
$20,129
Revenue Not Reported on Form 990
$272,704
Total Revenue per Audited Statements
$3,344,644
Total Revenue per Form 990
$3,092,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,058,981
Other Expenses$885,010
Grants and Similar Amounts Paid$230,293
Total Fundraising Expense$158,213
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$570,881$12,369$83,581$666,831
Office Expenses$299,132$30,015$11,309$340,456
Current Officers, Directors, Trustees, and Key Employees$185,680$20,631$22,923$229,234
Grants to Domestic Orgs$214,293--$214,293
Fees for Services Other$122,754$12,583$12,359$147,696
Payroll Taxes$56,902$2,009$8,033$66,944
Other Employee Benefits$53,866$1,236$7,761$62,863
Occupancy$42,746$2,194$6,035$50,975
Depreciation Depletion$24,998$17,796-$42,794
Pension Plan Contributions$28,559$369$4,181$33,109
Conferences and Meetings$18,006$10,892$19$28,917
Fees for Service Investment Mgmnt Fees-$20,129-$20,129
Fees for Services Accounting-$17,885-$17,885
Fees for Services Legal$1,818$14,006$1,853$17,677
Grants to Domestic Individuals$16,000--$16,000
Travel$9,048$389$159$9,596
Insurance-$8,836-$8,836
Advertising$3,483--$3,483
Other Expenses$196,326$240-$240
Total Functional Expenses$1,844,492$171,579$158,213$2,174,284

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,343,827
Total Expenses per Form 990$2,174,284
Expenses per Audited Statements$2,154,155
Expenses Not Reported on Form 990$189,672
Expenses Not Reported on Financial Statements$20,129
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The California Society of Professional Engineers Education FoundationSacramento, CA501(c)(3)State Registration Fee Reimbursements$15,745
Florida Engineering FoundationTallahassee, FL501(c)(3)State Registration Fee Reimbursements$11,470
Pennsylvania Engineering FoundationHarrisburg, PA501(c)(3)State Registration Fee Reimbursements$11,370
Texas Engineering FoundationAustin, TX501(c)(3)State Registration Fee Reimbursements/ Chapter/State Designated Reimbursements$8,870
Professional Engineers of North Carolina-Educational FoundationRaleigh, NC501(c)(3)State Registration Fee Reimbursements$7,860
Foundation for Engineering Education IncAlbany, NY501(c)(3)State Registration Fee Reimbursements$7,815
Engineers Foundation of OhioColumbus, OH501(c)(3)State Registration Fee Reimbursements$7,705
Illinois Engineering FoundationSpringfield, IL501(c)(3)State Registration Fee Reimbursements$7,435
Minnesota MATHCOUNTSEagan, MN501(c)(3)State Registration Fee Reimbursements$5,705
New Jersey Society of Professional Engineers IncTrenton, NJ501(c)(6)State Registration Fee Reimbursements$5,610
Virginia Society of Professional Engineers Educational FundMidlothian, VA501(c)(3)State Registration Fee Reimbursements$5,300
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 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
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:

The Foundation contracted with Insperity PEO Services, L.P. ("Insperity") as their professional employer organization. Insperity files all required federal employment returns.

Form 990, Part VI, Section B, line 11B

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
Kristen Chandler
Title
Executive Director & Secretary
Phone
7032999006
Signed
2021-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristen Chandler
Formed
1984
Legal Domicile
De
Voting Board Members
18
Independent Board Members
18
Employees
11
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 $84,095 and $70,991 as of July 31, 2020 and 2019, 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 791 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:MATHCOUNTS cultivates talent in the nation's brightest minds through the MATHCOUNTS Competition Series. Students are brought together from all 50 states at hundreds of local in-person contests - the only program of its kind to do so. Winners advance through 4 levels of competition - school, chapter, state, and national - until the overall national individual and team champions are determined. Due to COVID-19, the 2020 National Competition event had to be cancelled.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Victor Garcia
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IRS990/Form990PartVIISectionAGrp/PersonNm3John Daegele
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IRS990/Form990PartVIISectionAGrp/PersonNm5Andrew Carroll
IRS990/Form990PartVIISectionAGrp/PersonNm6Linda Ruiz Davenport
IRS990/Form990PartVIISectionAGrp/PersonNm7Nat Edmonds
IRS990/Form990PartVIISectionAGrp/PersonNm8Emily Glendinning
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IRS990/Form990PartVIISectionAGrp/PersonNm14Jason Lee
IRS990/Form990PartVIISectionAGrp/PersonNm15Heidi Pomerantz
IRS990/Form990PartVIISectionAGrp/PersonNm16Justin Steil
IRS990/Form990PartVIISectionAGrp/PersonNm17Chris Stone
IRS990/Form990PartVIISectionAGrp/PersonNm18Kristen Chandler
IRS990/Form990PartVIISectionAGrp/PersonNm19Amanda Naar
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Immediate Past Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt18Executive Director/ Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt19Deputy Director & Dir. of Strategy
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IRS990/MissionDesc0MATHCOUNTS provides engaging math programs for US middle school students of all ability levels to build confidence and improve attitudes towards math and problem solving.
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IRS990/ProgSrvcAccomActy2Grp/Desc0The National Math Club:MATHCOUNTS inspires curiosity and builds confidence in students of all math ability levels through The National Math Club. The program creates a space where math learning is fun, social and supportive, so that every student becomes a lifelong math learner. Any individual can sign up to be a club leader and receive free materials to conduct fun math games with their students. Clubs with active participation receive extra recognition and rewards.
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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