Comap Inc
- Assets
- $6.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Bedford, MA
- Founding
- 04/1981
- Data as of
- 12/2021
- EIN
- 04-2721935
Organization Overview
Comap Inc is located in Bedford, MA. The organization was established in 1981. According to its NTEE Classification (U19) the organization is classified as: Support N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Comap Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Comap Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Comap Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE MATHEMATICS EDUCATION FOR STUDENTS OF ALL AGES BY CREATING LEARNING ENVIRONMENTS WHERE MATHEMATICS IS USED TO INVESTIGATE AND MODEL REAL ISSUES IN OUR WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCM CONTESTS (MODELING CONTEST IN MATH): THE ORGANIZATION'S WORLDWIDE CONTEST INVOLVES TEAMS OF THREE WORKING TOGETHER TO SOLVE PROBLEMS RELATING TO REAL-LIFE SITUATIONS. THE ORGANIZATION ALSO HAS A SECOND MCM CONTEST (HI-MCM) IN WHICH HIGH SCHOOL TEAMS WORK TOGETHER TO SOLVE SIMILAR PROBLEMS.
PUBLIC INFORMATION, DISSEMINATION AND OUTREACH SALES AND MARKETING EFFORTS WHICH FOCUS ON PROMOTING MATHEMATICS AND ITS APPLICATIONS THROUGH WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Solomon Garfunkel Member And Executive Direc | OfficerTrustee | 35 | $290,269 |
Laurie Aragon Chief Operating Officer | Officer | 35 | $267,677 |
Karen Kashian Director Of Accounting | 35 | $120,425 | |
Rafael Aragon Sales/marketing Employee | 35 | $116,803 | |
John Tomicek Tech/sales Empolyee | 35 | $110,207 | |
Penny Noyce Clerk | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,817,096 |
| Investment income | $92,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $50,743 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $144,267 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $102,275 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,206,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $557,946 |
| Compensation of current officers, directors, key employees. | $394,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,184 |
| Pension plan accruals and contributions | $53,451 |
| Other employee benefits | $54,259 |
| Payroll taxes | $77,886 |
| Fees for services: Management | $35,018 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,419 |
| Fees for services: Other | $927,113 |
| Advertising and promotion | $0 |
| Office expenses | $151,070 |
| Information technology | $0 |
| Royalties | $32,411 |
| Occupancy | $56,333 |
| Travel | $16,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,726 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,282 |
| All other expenses | $0 |
| Total functional expenses | $2,617,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,270 |
| Savings and temporary cash investments | $111,532 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,301 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,090,059 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,628 |
| Total assets | $6,574,967 |
| Accounts payable and accrued expenses | $230,059 |
| Grants payable | $0 |
| Deferred revenue | $454,622 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $684,681 |
| Net assets without donor restrictions | $5,890,286 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,574,967 |
Endowment Analysis
| Beg. Balance | $4,773,004 |
| Earnings | $1,317,055 |
| Ending Balance | $6,090,059 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comap Inc Bedford, MA | $6,574,967 | $3,206,782 |
National Academy Of Sciences Retire Welfare Benefit Plan Tr Portsmouth, NH | $67,624,169 | $6,891,862 |
International Union Of Operating Engineers Local 98 Training Fund Southwick, MA | $5,128,304 | $1,282,293 |
Src International Inc North Syracuse, NY | $7,220,504 | $0 |
Women In The Enterprise Of Science And Technology Inc Cambridge, MA | $195,796 | $0 |
The Salon Family Foundation Inc Armonk, NY | $1,215,646 | $75,151 |
Buffalo Area Engineering Awareness For Minorities Inc C/O Suny Ab Buffalo, NY | $71,922 | $0 |
Learning Curve Usa Inc New York, NY | $819 | $0 |
Global Bioethics Initiative Inc New York, NY | $5 | $0 |
New England Animal Health Inc Bay Shore, NY | $147,951 | $0 |