Friends Of The@international Mathematical Union
- Assets
- $1.1m
- Revenue
- $635.5k
- Investments
- $548.5k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 12/2008
- Data as of
- 12/2022
- EIN
- 26-3185549
Organization Overview
Friends Of The@international Mathematical Union is located in Providence, RI. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The@international Mathematical Union 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 12/2022, Friends Of The@international Mathematical Union generated $635.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $475.9k during the year ending 12/2022. While expenses have increased by 30.0% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 CHERN MEDAL. THE CHERN MEDAL IS A LIFETIME ACHIEVEMENT AWARD MADE AT THE QUADRENNIAL INTERNATIONAL CONGRESS OF MATHEMATICIANS. IT CONSISTS OF AN AWARD OF A $250,000 PRIZE TO AN INDIVIDUAL MATHEMATICIAN AND AN ORGANIZATIONAL AWARD OF $250,000 FOR THE BENEFIT OF ORGANIZATIONS WHICH SUPPORT RESEARCH AND ADVANCED EDUCATION OF UNDERSERVED GROUPS OF MATHEMATICIANS WORLDWIDE.
IMU BREAKOUT GRADUATE FELLOWSHIPS. THE IMU FELLOWSHIP PROGRAM SUPPORTS POSTGRADUATE STUDIES, IN A DEVELOPING COUNTRY, LEADING TO A PHD DEGREE IN THE MATHEMATICAL SCIENCES.
THE IMU GRAID PROGRAM FOR GRADUATE ASSISTANTSHIPS IN DEVELOPING COUNTRIES WHICH SUPPORTS GRADUATE EDUCATION IN THE MATHEMATICAL SCIENCES
IMU DEVELOPING COUNTRY FUND SUPPORTS MATHEMATICAL RESEARCH AND SCHOLARSHIP IN DEVELOPING COUNTRIES. IN 2019, THE IMU CHOSE TO USE THESE FUNDS TO SUPPORT GRAID ASSISTANTSHIPS FOR MATHEMATICS GRADUATE PROGRAMS IN DEVELOPING COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Kenig President | 2 | $0 | |
Donald Mcclure Treasurer | 2 | $0 | |
Robert L Bryant Director | 1 | $0 | |
Helge Holden Secretary | 2 | $0 | |
Olga Gil Medrano Director | 1 | $0 | |
Mark L Green Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $622,679 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,817 |
| 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 | $0 |
| Total Revenue | $635,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,843 |
| Total operating and administrative expenses | $3,466 |
| Contributions, gifts, grants paid | $472,420 |
| Total expenses and disbursements | $475,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,589 |
| Savings and temporary cash investments | $55,463 |
| Net Accounts receivable | $6,256 |
| Net Pledges Receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $850 |
| Total assets | $1,131,633 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friends Of The@international Mathematical Union has awarded $472,420 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHERN MEDAL PURPOSE: ACHIEVEMENT AWARDS (INDIVIDUAL MATHEMATICIAN) AND ORGANIZATIONAL AWARDS (TO SUPPORT RESEARCH AND EDUCATION FOR UNDERSERVED MATHEMATICIANS WORLDWIDE) | $340,000 |
INTERNATIONAL MATHEMATICAL UNION PURPOSE: SUPPORT, VOLUNTEER LECTURES, FELLOWSHIP, RESEARCH, POSTGRADUATE STUDIES, POSTGRADUATE EDUCATION, SCHOLARSHIPS AND RESEARCH IN DEVELOPING COUNTRIES | $132,420 |