Liabilities / Assets
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Math Medic Foundation
990EZ • Fiscal year 2024 • EIN 87-2885249
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
19th percentile
Higher net margin than 19% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 44.0% of source-year revenue.
Asset Growth
33rd percentile
Faster asset growth than 33% of similar nonprofits.
Revenue Growth
20th percentile
Faster revenue growth than 20% of similar nonprofits.
Balance Sheet
Assets
Down$52,911
Down $7,917 (-13%) from 2023
Net Assets
Down$52,911
Down $7,917 (-13%) from 2023
Liabilities
Flat$0
Flat from 2023
Revenue And Expenses
Revenue
Down$56,440
Down $30,152 (-35%) from 2023
Expenses
Up$64,357
Up $3,651 (+6.0%) from 2023
Net Income
Down-$7,917
Down $33,803 (-131%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Apr 14, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $75,101
Mission and Program Overview
Mission
Empowering students teachers and schools with resources that increase equitable access to high-quality mathematics education.
Charitable purposes related to education
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Math Medic Foundation awards scholarships to high school seniors from underprivileged backgrounds who wish to pursue mathematics degrees andor math-related employment after high school | $18,000 | $1,000 |
| Math Medic Foundation awards grants to teachers who serve underprivileged students for mathematical resources andor professional development | $12,375 | $1,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Peter Grostic | 0 | PT | $24,814 | - | $24,814 |
Filing and Contact Details
Filer
- Filer Name
- Math Medic Foundation
- EIN
- 87-2885249
- Phone
- 6169942735
- Address
- 5597 W MEADOW GROVE DR SE, KENTWOOD, MI 49512
Signing Officer
- Name
- Peter Grostic
- Title
- Executive Director
- Phone
- 0000000000
- Signed
- 2025-04-14
Supplemental Narrative
Additional Explanations
Schedule O:
“$30,375 in grants and scholarships were paid to applicants who demonstrated financial need and who were, for scholarships, students that were high school seniors pursuing degrees in mathematics, and, for grants, were teachers who served a high proportion of students from disadvantaged backgrounds. These were paid in amounts of $4,000 or less and paid to universities or reputable organizations that provide the granted resources. Other expenses include software such as 1) SmarterSelect, an application management platform, 2) Neon CRM, a client relationship platform, 3) Quickbooks, for accounting.”
Raw XML Appendix144 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.
| Path | # | Value |
|---|---|---|
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| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 213 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Peter Grostic |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6162099168 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5597 W Meadow Grove Dr SE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Kentwood |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 49512 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 60828 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 52911 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 61666 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -7917 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2470 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 60828 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 52911 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 13372 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 30375 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 75101 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 63 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 60828 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 52911 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 60828 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 52911 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 12.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 24814 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Peter Grostic |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | 0 |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 6335 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Charitable purposes related to education |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 150 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Math Medic Foundation awards scholarships to high school seniors from underprivileged backgrounds who wish to pursue mathematics degrees andor math-related employment after high school |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Math Medic Foundation awards grants to teachers who serve underprivileged students for mathematical resources andor professional development |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 18000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 12375 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 1000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 1000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 24814 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 18661 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | -5289 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MI |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 64357 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 2000 |
| IRS990EZ/TotalRevenueAmt | 0 | 56440 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | mathmedicfoundation.org |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 61665 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 77467 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 139132 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 139132 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 61665 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 77467 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 139132 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 61665 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 77467 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 139132 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | $30,375 in grants and scholarships were paid to applicants who demonstrated financial need and who were, for scholarships, students that were high school seniors pursuing degrees in mathematics, and, for grants, were teachers who served a high proportion of students from disadvantaged backgrounds. These were paid in amounts of $4,000 or less and paid to universities or reputable organizations that provide the granted resources. Other expenses include software such as 1) SmarterSelect, an application management platform, 2) Neon CRM, a client relationship platform, 3) Quickbooks, for accounting. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule O: |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Peter Grostic |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Director |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 0000000000 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-04-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MATH MEDIC FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MATH |
| ReturnHeader/Filer/EIN | 0 | 872885249 |
| ReturnHeader/Filer/PhoneNum | 0 | 6169942735 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 5597 W MEADOW GROVE DR SE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | KENTWOOD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 49512 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/ReturnTs | 0 | 2025-04-14T19:30:02Z |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $52,911
- Liabilities
- $0
- Net assets
- $52,911
- Revenue
- $56,440
- Expenses
- $64,357
- Net income
- -$7,917
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2025Detailed filing. Detailed filing data is available for this year. | $1.72 | $0.00 | $1.72 | $2.76 | $1.58 | $1.19 |
| 2024Detailed filing. Detailed filing data is available for this year. | $0.53 | $0.00 | $0.53 | $0.56 | $0.64 | $0.08 |
| 2023Detailed filing. Detailed filing data is available for this year. | $0.61 | $0.00 | $0.61 | $0.87 | $0.61 | $0.26 |