Summer Math Foundation Inc
- Assets
- $278.2k
- Revenue
- $26.7k
- Investments
- $71.7k
- Employees
- 0
- Location
- Amherst, NY
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 47-5275634
Organization Overview
Summer Math Foundation Inc is located in Amherst, NY. The organization was established in 2016. 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. Summer Math Foundation 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 12/2021, Summer Math Foundation Inc generated $26.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $17.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Summer Math Foundation Inc has awarded 15 individual grants totaling $424,311. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER MATH FOUNDATION SUCESSFULLY EXECUTED AND FUNDED SCHOLARSHIP ENDOWMENT TO STONY BROOK UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Eismann Director | 3.85 | $0 | |
Sandra Wysocki Secretary Director | 0.68 | $0 | |
Ilse Murray Director | 0.58 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,927 |
| Capital Gain Net Income | $23,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $305 |
| Total Revenue | $26,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,239 |
| Total operating and administrative expenses | $3,722 |
| Contributions, gifts, grants paid | $13,500 |
| Total expenses and disbursements | $17,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,300 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $6,020 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,170 |
| Total assets | $278,205 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $180 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $180 |
Grants Awarded
Over the last fiscal year, Summer Math Foundation Inc has awarded $256,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Stony Brook, NY PURPOSE: SUMMER MATH SCHOLARSHIP ENDOWED FUND | $81,000 |
Stony Brook, NY PURPOSE: SUMMER MATH SCHOLARSHIP ENDOWED FUND | $81,000 |
Stony Brook, NY PURPOSE: SUMMER MATH SCHOLARSHIP ENDOWED FUND | $81,000 |
ASSOCIATION FOR WOMEN IN MATHEMATICS PURPOSE: UNRESTRICTED AWARDS TO CHAPTERS | $4,500 |
ASSOCIATION FOR WOMEN IN MATHEMATICS PURPOSE: UNRESTRICTED AWARDS TO CHAPTERS | $4,500 |
ASSOCIATION FOR WOMEN IN MATHEMATICS PURPOSE: UNRESTRICTED AWARDS TO CHAPTERS | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |