National Museum Of Mathematics
- Assets
- $42.2m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 61
- Location
- New York, NY
- Founding
- 02/2010
- Data as of
- 06/2021
- EIN
- 27-1450809
Organization Overview
National Museum Of Mathematics is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, National Museum Of Mathematics employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Museum Of Mathematics 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 06/2021, National Museum Of Mathematics generated $9.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $6.9m during the year ending 06/2021. While expenses have increased by 5.1% per year over the past 6 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 OPERATE A MUSEUM OF MATHEMATICS, PUBLIC EXHIBITIONS, INTERACTIVE DISPLAYS, AND EDUCATIONAL PROGRAMS ABOUT MATHEMATICS TO ENHANCE PUBLIC UNDERSTANDING OF MATHEMATICS AND THE IMPORTANCE OF MATHEMATICS IN EVERYDAY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM: MOMATH OPERATED A HANDS-ON MUSEUM FOCUSED ON MATHEMATICS. SCHOOL GROUPS FLOCKED TO THE MUSEUM THROUGH MID-MARCH 2020, WITH FAMILIES AND TOURISTS ROUNDING OUT VISITATION ON WEEKENDS. NOTE THAT THE MUSEUM CLOSED TO THE PUBLIC ON MARCH 13, 2020 DUE TO THE COVID 19 PANDEMIC.
COMMUNITY: MOMATH OPERATES A NUMBER OF PUBLIC PROGRAMS THAT SERVE THE COMMUNITY BY PROVIDING EXPERIENCES THAT HIGHLIGHT THE EVOLVING, CREATIVE, AND AESTHETIC NATURE OF MATHEMATICS. THESE PROGRAMS ALSO AIM TO SHOW THE MANY UNEXPECTED WAYS THAT MATH TOUCHES ON THE WORLD AROUND US AND ON OUR EVERYDAY LIVES. COMMUNITY PROGRAMS INCLUDED SEVERAL MONTHLY PRESENTATION SERIES, A SUITE OF TRAVELING/PORTABLE EXHIBITS, AND A VARIETY OF PROGRAMS DIRECTED TOWARD PEOPLE OF ALL AGES AND BACKGROUNDS, BOTH IN PERSON AND ONLINE.
TRAVELING EXHIBITION: MATH MIDWAY 2 GO (MM2GO.ORG) IS A SPIN-OFF OF MOMATH'S ORIGINAL TRAVELING EXHIBITION (THE MATH MIDWAY). DESIGNED BY MOMATH PRINCIPALS PRIOR TO THE FORMATION OF THE MUSEUM, IT SERVED AS A TANGIBLE PROOF OF CONCEPT: IT DEMONSTRATED THAT IT WAS POSSIBLE TO BUILD ENGAGING EXHIBITS THAT VISITORS WOULD NOT ONLY ENJOY BUT WOULD ACTIVELY SEEK OUT, AND WHICH WOULD ILLUSTRATE A WIDE VARIETY OF MATHEMATICAL IDEAS AND PRINCIPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Lawrence Executive Director | Officer | 91 | $301,378 |
Timothy Nissen Associate Director | Officer | 75 | $193,000 |
Paul Seo Chief Of Instruction | 35 | $150,000 | |
Manjul Bhargava Trustee / Visiting Profess | Trustee | 3 | $31,889 |
Saul Rosenthal Trustee / Secretary | OfficerTrustee | 1 | $0 |
Robert W Jones-From 1220 Trustee/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Timothy Runion Fundraising Counsel | 6/29/21 | $175,500 |
The Trustees Of Dartmouth College Educational Services | 6/29/21 | $150,000 |
Geva Patz Consulting Services | 6/29/21 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $87,329 |
| Fundraising events | $2,188,133 |
| Related organizations | $0 |
| Government grants | $1,013,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,032,595 |
| Noncash contributions included in lines 1a–1f | $99,816 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,322,014 |
| Total Program Service Revenue | $393,059 |
| Investment income | $447,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,000 |
| Net Gain/Loss on Asset Sales | $689,809 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,708 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,885,068 |
| 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. | $526,267 |
| Compensation of current officers, directors, key employees. | $105,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,776,336 |
| Pension plan accruals and contributions | $33,848 |
| Other employee benefits | $168,722 |
| Payroll taxes | $180,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $195,472 |
| Fees for services: Accounting | $39,000 |
| Fees for services: Lobbying | $43,116 |
| Fees for services: Fundraising | $175,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $551,918 |
| Advertising and promotion | $59,000 |
| Office expenses | $197,526 |
| Information technology | $51,796 |
| Royalties | $0 |
| Occupancy | $1,164,850 |
| Travel | $972 |
| 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 | $1,599,529 |
| Insurance | $62,709 |
| All other expenses | $1,175 |
| Total functional expenses | $6,931,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,864 |
| Savings and temporary cash investments | $12,031,596 |
| Pledges and grants receivable | $5,068,143 |
| Accounts receivable, net | $44,717 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $159,049 |
| Prepaid expenses and deferred charges | $71,047 |
| Net Land, buildings, and equipment | $3,946,091 |
| Investments—publicly traded securities | $18,824,033 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $42,400 |
| Other assets | $1,885,302 |
| Total assets | $42,218,242 |
| Accounts payable and accrued expenses | $435,806 |
| Grants payable | $0 |
| Deferred revenue | $294,725 |
| 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 | $730,531 |
| Net assets without donor restrictions | $35,697,830 |
| Net assets with donor restrictions | $5,789,881 |
| 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 | $42,218,242 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that National Museum Of Mathematics has recieved totaling $7,259,582.
| Awarding Organization | Amount |
|---|---|
Simons Foundation Inc New York, NY PURPOSE: MOMATH CAPITAL CAMPAIGN MATCHING PLEDGE | $4,000,000 |
Simons Foundation Inc New York, NY PURPOSE: MOMATH CAPITAL CAMPAIGN MATCHING PLEDGE | $1,000,000 |
Simons Foundation Inc New York, NY PURPOSE: DISTINGUISHED VISITING PROFESSORSHIP IN THE DISSEMINATION OF MATHEMATICS | $420,667 |
Simons Foundation Inc New York, NY PURPOSE: MOMATH AMATEUR MATH LECTURE SERIES (MATH ENCOUNTERS) | $405,540 |
Simons Foundation Inc New York, NY PURPOSE: MOMATH MASTERS TOURNAMENT GALA GIFT | $300,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $250,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |