Math For America Inc
- Assets
- $31.3m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 31
- Location
- New York, NY
- Founding
- 06/2004
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Math For America Inc generated $24.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $23.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Math For America Inc has awarded 2,971 individual grants totaling $59,844,899. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP PROGRAMS:SEE STATEMENT 12
RECRUITMENT AND SELECTION:SEE STATEMENT 13
ADVOCACY:SEE STATEMENT 14
EXTENDING OUR MODEL: SEE STATEMENT 15
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ewing President | 40 | $527,520 | |
Michael Driskill Chief Operating Officer | 40 | $236,500 | |
Latoya Singleton Chief Financial Officer | 40 | $223,750 | |
James Simons Chairman Of The Board | 1 | $0 | |
Peter Borish Treasurer | 1 | $0 | |
Anne Dinning Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Devcollaborative Llc | 6/29/23 | $122,442 |
Grant Thornton Llp | 6/29/23 | $63,084 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,916,115 |
| Interest on Savings | $53,191 |
| 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 | $35,373 |
| Total Revenue | $24,004,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,171,264 |
| Other employee salaries and wages | $2,169,921 |
| Pension plans, employee benefits | $986,157 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $815,435 |
| Occupancy | $2,069,479 |
| Travel, conferences, and meetings | $67,692 |
| Printing and publications | $4,211 |
| Other expenses | $1,389,428 |
| Total operating and administrative expenses | $9,189,254 |
| Contributions, gifts, grants paid | $14,377,311 |
| Total expenses and disbursements | $23,566,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,305 |
| Savings and temporary cash investments | $6,784,903 |
| Net Accounts receivable | $125 |
| Net Pledges Receivable | $6,825,000 |
| 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 | $175,037 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,035,708 |
| Other assets | $15,488,906 |
| Total assets | $31,310,984 |
| Accounts payable and accrued expenses | $352,602 |
| Grants payable | $1,000,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $16,800,518 |
| Total liabilities | $18,153,120 |
Grants Awarded
Over the last fiscal year, Math For America Inc has awarded $14,425,411 in support to 925 organizations.
| Grant Recipient | Amount |
|---|---|
WONG BOBSON PURPOSE: GRANT TO SUPPORT MULLER TEACHING AWARD | $20,000 |
ZAMUDIO BEATRIZ PURPOSE: GRANT TO SUPPORT PROFESSIONAL DEVELOPMENT | $1,741 |
ASSOCIATION FOR WOMEN IN MATHEMATICS PURPOSE: GENERAL GRANT | $5,500 |
ADA DEVELOPER'S ACADEMY PURPOSE: EMPLOYEE MATCHING GIFT | $3,753 |
FRIENDS OF BAYSIDE HIGH SCHOOL INCORPORATED PURPOSE: GRANT TO SUPPORT MULLER TEACHING AWARD | $5,000 |
BELIN CATHERINE PURPOSE: GRANT TO SUPPORT PROFESSIONAL DEVELOPMENT | $393 |