New York Math Circle Inc
- Assets
- $409.7k
- Revenue
- $231.0k
- Investments
- $0.0
- Employees
- 26
- Location
- New York, NY
- Founding
- 01/2009
- Data as of
- 06/2022
- EIN
- 26-1162539
Organization Overview
New York Math Circle Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, New York Math Circle Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Math Circle 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, New York Math Circle Inc generated $231.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $301.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW YORK MATH CIRCLE (NYMC) IS A NON-PROFIT ORGANIZATION DEDICATED TO ENRICHING AND SUPPLEMENTING MATHEMATICAL EDUCATION IN NEW YORK CITY. NYMC OFFERS INTERESTED STUDENTS FROM AROUND NEW YORK CITY AN OPPORTUNITY TO GROW INTELLECTUALLY AND PERSONALLY THROUGH THE LEARNING OF MATHEMATICS AND RELATED SUBJECTS FROM EXCEPTIONAL TEACHERS IN A FRIENDLY, ENRICHED ATMOSPHERE. IT ENCOURAGES AND SUPPORTS EXCELLENT TEACHING OF MATHEMATICS THROUGH COURSES FOR TEACHERS AND OTHER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW YORK MATH CIRCLE - MATHEMATICS ENRICHMENT CLASSES FOR HIGH SCHOOL AND MIDDLE SCHOOL STUDENTS AND TEACHERS - DURING FYE 6/30/21, NEW YORK MATH CIRCLE HELD AN INTENSIVE SUMMER HIGH SCHOOL PROGRAM, AND 42 WEEKEND AND SUMMER COURSES FOR STUDENTS: 12 IN THE SUMMER, 14 IN THE FALL SEMESTER, AND 16 IN THE SPRING. 665 REGISTRANTS WERE SERVED, REPRESENTING ABOUT 380 DIFFERENT MIDDLE AND HIGH SCHOOL STUDENTS, MANY ATTENDING MORE THAN ONE COURSE. ABOUT 370 CLASSROOM SESSIONS WERE HELD, AND OVER 12,000 INSTRUCTIONAL STUDENT-HOURS WERE PROVIDED. WE AIM TO ENRICH AND SUPPLEMENT MATHEMATICAL EDUCATION IN NEW YORK CITY BY PROVIDING STUDENTS WITH SUPERB INSTRUCTION IN A FRIENDLY ATMOSPHERE AND OFFERING MATERIAL NOT USUALLY ENCOUNTERED IN THE REGULAR CURRICULUM. WE ALSO SEEK TO STIMULATE THE ENJOYMENT, APPRECIATION, AND KNOWLEDGE OF MATHEMATICS THROUGH PROBLEM-SOLVING AND GUIDED DISCOVERY, TO STRENGTHEN STUDENTS EXISTING KNOWLEDGE, AND TO CULTIVATE THE MOTIVATION AND CAPACITY FOR FUTURE STUDIES. FURTHERMORE, WE STRIVE TO MAKE THE CLASSES AVAILABLE TO ALL INTERESTED STUDENTS, REGARDLESS OF FINANCIAL MEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kovan Pillai President And Executive Director | OfficerTrustee | 40 | $67,977 |
David Garbasz Board Member | Trustee | 1 | $0 |
David Hankin Board Member | Trustee | 1 | $0 |
Joy Hsiao Board Member | Trustee | 1 | $0 |
Eliza Kuberska Board Member | Trustee | 3 | $0 |
Ming Jack Po Board Member | Trustee | 1 | $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 | $52,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,254 |
| Total Program Service Revenue | $178,719 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $230,973 |
| 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. | $67,977 |
| Compensation of current officers, directors, key employees. | $25,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,210 |
| Payroll taxes | $23,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,426 |
| Advertising and promotion | $1,740 |
| Office expenses | $2,076 |
| Information technology | $181 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,174 |
| All other expenses | $7,237 |
| Total functional expenses | $301,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,748 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $409,748 |
| Accounts payable and accrued expenses | $11,340 |
| Grants payable | $0 |
| Deferred revenue | $54,468 |
| 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 | $65,808 |
| Net assets without donor restrictions | $343,940 |
| 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 | $409,748 |