Civic Intelligence

Mathcounts Foundation

990 • Fiscal year 2025 • EIN 54-1295407

Aug 01, 2024 to Jul 31, 2025

Organization Profilewww.mathcounts.org
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

52nd percentile

0.13x

Higher debt load relative to assets than 52% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

63rd percentile

0.26x

Higher debt load relative to revenue than 63% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

10th percentile

-19%

Higher net margin than 10% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

89th percentile

$267,618

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

13th percentile

-6.7%

Faster asset growth than 13% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

6th percentile

-34%

Faster revenue growth than 6% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$5,899,799

Down $423,547 (-6.7%) from 2024

Net Assets

Down

$5,148,198

Down $459,522 (-8.2%) from 2024

Liabilities

Up

$751,601

Up $35,975 (+5.0%) from 2024

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin10th percentile

Revenue

Down

$2,934,322

Down $1,517,078 (-34%) from 2024

Expenses

Up

$3,493,086

Up $231,189 (+7.1%) from 2024

Net Income

Down

-$558,764

Down $1,748,267 (-147%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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: $5,607,7202024Assets 2025: $5,899,799Liabilities 2025: $751,601Net Assets 2025: $5,148,1982025

Highlighted filing

2025

Assets$5,899,799
Liabilities$751,601
Net Assets$5,148,198
Open 2025 Filing

Operations Trend

Revenue Growth6th percentile

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: $1,189,5032024Revenue 2025: $2,934,322Expenses 2025: $3,493,086Net Income 2025: -$558,7642025

Highlighted filing

2025

Revenue$2,934,322
Expenses$3,493,086
Net Income-$558,764
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2024 to Jul 31, 2025
Signed
Mar 31, 2026
Return Version
2024v5.5
Gross Receipts
$3,975,585
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$3,662,823$3,955,784▲ $292,961
Cash and Non-Interest-Bearing Accounts$1,686,426$1,715,414▲ $28,988
Savings and Temporary Cash Investments$337,214$0▼ $337,214
Pledges and Grants Receivable$510,334$113,455▼ $396,879
Land, Buildings, and Equipment, Net$70,565$60,846▼ $9,719
Prepaid Expenses and Deferred Charges$55,984$47,424▼ $8,560
Accounts Receivable$0$6,876▲ $6,876
Total Assets$6,323,346$5,899,799▼ $423,547
Liabilities
Grants Payable$474,733$499,239▲ $24,506
Escrow Account Liability$119,234$117,364▼ $1,870
Accounts Payable and Accrued Expenses$98,510$111,501▲ $12,991
Deferred Revenue$23,149$23,497▲ $348
Total Liabilities$715,626$751,601▲ $35,975
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,807,720$5,048,198▲ $240,478
Net Assets With Donor Restrictions$800,000$100,000▼ $700,000
Total Net Assets Fund Balance$5,607,720$5,148,198▼ $459,522
Total Liabilities and Net Assets / Fund Balance$6,323,346$5,899,799▼ $423,547

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,869$671,638$695,507
Leasehold Improvements$29,551$117,063$146,614
Equipment$7,426$49,232$56,658
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristen ChandlerExecutive Director & SecretaryFT$222,965$44,653$267,618
Amanda NaarDeputy Director & Director of StrategyFT$187,978$40,364$228,342
Chris BrightDirector of ProgramsFT$112,167$14,472$126,639

Board Members and Trustees

NameTitle
Nancy BlackwellChair
Tricia HatleyVice Chair
Abraham ElDirector
Brian BaldrateDirector
Chris BradshawDirector
Ding ZhouDirector
Jennifer KassDirector
Joann AcostaDirector
John ParkDirector
Karen KeniffDirector
Katherine GuthrieDirector
Ken WhyteDirector
Keri ConnorsDirector
Laura PartridgeDirector
Michelle NalDirector
Ryan HillDirector
Shawn GundrumDirector
Jon OwenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Renaissance Hotel Operating CompanyNational Competition hotel and food999 9th Street NW, Washington, DC 20001$215,333
HBP IncPrinting and fulfillmentPO Box 735880, Chicago, IL 60673-5438$211,791
M SquaredAudio visual provider1780 Corporate Drive Suite 440, Norcross, GA 30093$134,510
ATC Travel Management LLCTransportation/flights for national compPO Box 5912, LuthervilleTimonium, MD 21094-5912$113,353
Revenue and Support

Revenue Composition

Contributions and Grants
$1,225,212
Program Service Revenue
$1,471,916
Investment Income
$237,194
Other Revenue
$0
All Other Contributions
$1,218,014
Change in Net Assets
$-558,764

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$38,750Fair Market Value (FMV)
Total Noncash Contributions1$38,750-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,926,968
Revenue Not Reported on Financial Statements
$7,354
Revenue Not Reported on Form 990
$224,847
Total Revenue per Audited Statements
$3,151,815
Total Revenue per Form 990
$2,934,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,712,930
Other Expenses$1,428,340
Grants and Similar Amounts Paid$351,816
Total Fundraising Expense$164,612
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$994,377$29,467$83,790$1,107,634
Other Expenses$599,352$512-$599,864
Office Expenses$295,348$32,934$6,854$335,136
Grants to Domestic Orgs$304,816--$304,816
Current Officers, Directors, Trustees, and Key Employees$218,845$19,640$42,086$280,571
Conferences and Meetings$167,942$16,572-$184,514
Other Employee Benefits$142,336$4,296$13,657$160,289
Fees for Services Other$101,054$27,835-$128,889
Payroll Taxes$96,260$3,282$9,845$109,387
Pension Plan Contributions$49,719$1,141$4,189$55,049
Occupancy$42,274$1,574$4,191$48,039
Grants to Domestic Individuals$47,000--$47,000
Depreciation Depletion$16,383$19,472-$35,855
Travel$22,601$6,826-$29,427
Fees for Services Accounting-$21,061-$21,061
Fees for Services Legal-$15,622-$15,622
Advertising$11,606--$11,606
Insurance-$10,973-$10,973
Fees for Service Investment Mgmnt Fees-$7,354-$7,354
Total Functional Expenses$3,109,913$218,561$164,612$3,493,086

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,611,337
Total Expenses per Form 990$3,493,086
Expenses per Audited Statements$3,485,732
Expenses Not Reported on Form 990$125,605
Expenses Not Reported on Financial Statements$7,354
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
California Soc of Prof Eng Edu FdtnSacramento, CA501(c)(3)State and Chapter Registration Fee Reimbursements$28,754
Florida Engineering FoundationTallahassee, FL501(c)(3)State and Chapter Registration Fee Reimbursements$14,494
Pennsylvania Engineering FoundationHarrisburg, PA501(c)(3)State and Chapter Registration Fee Reimbursements$11,834
New Jersey Soc Of Prof EngineersTrenton, NJ501(c)(3)State and Chapter Registration Fee Reimbursements$11,146
Texas Engineering FoundationAustin, TX501(c)(3)State Registration Fee Reimbursements$10,950
Engineers Foundation of OhioColumbus, OH501(c)(3)State and Chapter Registration Fee Reimbursements$10,916
Foundation for Engineering Education IncAlbany, NY501(c)(3)State and Chapter Registration Fee Reimbursements$8,382
Prof Eng of North Carolina Edu FndtnRaleigh, NC501(c)(3)State and Chapter Registration Fee Reimbursements$8,336
Maryland Soc of Prof Eng Edu FdtnParkville, MD501(c)(3)State and Chapter Registration Fee Reimbursements$8,258
Illinois Engineering InitiativeSpringfield, IL501(c)(3)State Registration Fee Reimbursements$6,588
Minnesota MATHCOUNTSEagan, MN501(c)(3)State Registration Fee Reimbursements$6,138
Michigan Engineers FoundationLansing, MI501(c)(3)State Registration Fee Reimbursements$5,544
Kentucky Society of Professional EngineersFrankfort, KY501(c)(6)State and Chapter Registration Fee Reimbursements$5,346
Georgia MATHCOUNTS FoundationAtlanta, GA501(c)(3)State and Chapter Registration Fee Reimbursements$5,318
NSPE-CO Education FoundationLakewood, CO501(c)(3)State and Chapter Registration Fee Reimbursements$5,144
Massachusetts Society of Profesiional EngineersBoston, MA501(c)(6)State Registration Fee Reimbursements$5,064
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
2026-03-31
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
14
Volunteers
17,000

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Yong Zhang CPA
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 and chapter competitions. The donors require that these contributions be used to reimburse the state and chapter societies for costs they have incurred in support of state and chapter competitions. The State Custodials funds held were $117,364 and $119,234 as of July 31, 2025 and 2024, 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 852 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/Form990PartVIISectionAGrp/OtherCompensationAmt100
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
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IRS990/Form990PartVIISectionAGrp/PersonNm1Tricia Hatley
IRS990/Form990PartVIISectionAGrp/PersonNm2Jon Owen
IRS990/Form990PartVIISectionAGrp/PersonNm3Joann Acosta
IRS990/Form990PartVIISectionAGrp/PersonNm4Brian Baldrate
IRS990/Form990PartVIISectionAGrp/PersonNm5Chris Bradshaw
IRS990/Form990PartVIISectionAGrp/PersonNm6Keri Connors
IRS990/Form990PartVIISectionAGrp/PersonNm7Abraham El
IRS990/Form990PartVIISectionAGrp/PersonNm8Shawn Gundrum
IRS990/Form990PartVIISectionAGrp/PersonNm9Katherine Guthrie
IRS990/Form990PartVIISectionAGrp/PersonNm10Ryan Hill
IRS990/Form990PartVIISectionAGrp/PersonNm11Jennifer Kass
IRS990/Form990PartVIISectionAGrp/PersonNm12Karen Keniff
IRS990/Form990PartVIISectionAGrp/PersonNm13Michelle Nal
IRS990/Form990PartVIISectionAGrp/PersonNm14John Park
IRS990/Form990PartVIISectionAGrp/PersonNm15Laura Partridge
IRS990/Form990PartVIISectionAGrp/PersonNm16Ken Whyte
IRS990/Form990PartVIISectionAGrp/PersonNm17Ding Zhou
IRS990/Form990PartVIISectionAGrp/PersonNm18Kristen Chandler
IRS990/Form990PartVIISectionAGrp/PersonNm19Amanda Naar
IRS990/Form990PartVIISectionAGrp/PersonNm20Chris Bright
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Executive Director & Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt19Deputy Dir & Dir. of Strategy
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director of Programs
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IRS990/MinutesOfCommitteesInd01
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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/Desc0School Recruitment, Public 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 an annual, online newsletter and postcards that are distributed to every middle school in the United States.
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Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,899,799
Liabilities
$751,601
Net assets
$5,148,198
Revenue
$2,934,322
Expenses
$3,493,086
Net income
-$558,764
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.90$0.75$5.15$2.93$3.49$0.56
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