Math For America Inc
- Assets
- $15.7m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 31
- Location
- New York, NY
- Founding
- 06/2004
- Data as of
- 06/2022
- EIN
- 20-0651886
Organization Overview
Math For America Inc is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Math For America Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Math For America 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 06/2022, Math For America Inc generated $20.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $23.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Math For America Inc has awarded 2,046 individual grants totaling $45,419,488. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP PROGRAMS:SEE STATEMENT 10
RECRUITMENT AND SELECTION:SEE STATEMENT 11
ADVOCACY:SEE STATEMENT 12
EXTENDING OUR MODEL: SEE STATEMENT 13
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ewing President | 40 | $505,280 | |
Michael Driskill Chief Operating Officer | 40 | $221,050 | |
Latoya Singleton CFO | 40 | $207,250 | |
Eileen Murray Dir Of Strategic Ini | 40 | $166,767 | |
Ava Javid Dir Of Recruitment A | 40 | $142,899 | |
Sarah Rooney Dir Of Communication | 40 | $125,350 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grant Thornton Llp | 6/29/22 | $59,185 |
Interactive Strategies | 6/29/22 | $50,840 |
Msa Security | 6/29/22 | $110,386 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,031,744 |
| Interest on Savings | $2,192 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,710 |
| Total Revenue | $20,036,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,117,051 |
| Other employee salaries and wages | $2,219,279 |
| Pension plans, employee benefits | $1,035,109 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $817,835 |
| Occupancy | $1,964,062 |
| Travel, conferences, and meetings | $113,705 |
| Printing and publications | $2,514 |
| Other expenses | $712,584 |
| Total operating and administrative expenses | $8,401,328 |
| Contributions, gifts, grants paid | $14,906,162 |
| Total expenses and disbursements | $23,307,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187 |
| Savings and temporary cash investments | $2,979,406 |
| Net Accounts receivable | $3,750 |
| Net Pledges Receivable | $9,595,785 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,229 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,621,579 |
| Other assets | $413,558 |
| Total assets | $15,709,494 |
| Accounts payable and accrued expenses | $439,110 |
| Grants payable | $1,046,000 |
| Deferred revenue | $5,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,499,634 |
| Total liabilities | $2,989,744 |
Grants Awarded
Over the last fiscal year, Math For America Inc has awarded $15,091,662 in support to 975 organizations.
| Grant Recipient | Amount |
|---|---|
MATH FOR AMERICA LOS ANGELES PURPOSE: MATCHING GRANT | $1,000,000 |
MONTCLAIR STATE UNIVERSITY PURPOSE: GRANT TO SUPPORT NJ STEM INITIATIVE | $215,000 |
CARNEGIE INSTITUTION FOR SCIENCE PURPOSE: GRANT TO SUPPORT MFA DC | $135,500 |
IASPARK CITY MATHEMATICS INSTITUTE PURPOSE: GRANT TO SUPPORT PARK CITY MATH INSTITUTE SUMMER 2021 | $60,000 |
Flushing, NY PURPOSE: GRANT TO SUPPORT TIME200 AND TUITION SCHOLARSHIPS | $25,000 |
BELIN CATHERINE PURPOSE: GRANT TO SUPPORT MULLER TEACHING AWARD | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Math For America Inc has recieved totaling $42,332,292.
| Awarding Organization | Amount |
|---|---|
Simons Foundation Inc New York, NY PURPOSE: MFA NEW PLEDGE | $23,300,000 |
Simons Foundation Inc New York, NY PURPOSE: MFA NEW PLEDGE | $19,000,000 |
Maher Charitable Foundation Florham Park, NJ PURPOSE: NJ STEM INNOVATION | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,259 |
Tony And Kyra Rogers Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |