The Math Learning Center
- Assets
- $55.0m
- Revenue
- $42.8m
- Investments
- $0.0
- Employees
- 83
- Location
- Salem, OR
- Founding
- 12/1976
- Data as of
- 12/2021
- EIN
- 51-0204735
Organization Overview
The Math Learning Center is located in Salem, OR. The organization was established in 1976. According to its NTEE Classification (U34) the organization is classified as: Mathematics, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Math Learning Center employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Math Learning Center 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, Math Learning Center generated $42.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $36.8m during the year ending 12/2021. 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 INSPIRE & ENABLE INDIVIDUALS TO DISCOVER AND DEVELOP THEIR MATHEMATICAL CONFIDENCE AND ABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL MATERIALS. CENTRAL TO OUR MISSION IS PROVIDING STUDENTS AND TEACHERS WITH HIGH QUALITY EDUCATIONAL MATERIALS. WE DEVELOP AND PUBLISH CURRICULA AND SUPPLEMENTAL PROGRAMS INCLUDING BRIDGES IN MATHEMATICS, NUMBER CORNER, AND BRIDGES INTERVENTION. THE SECOND EDITION OF THESE MATERIALS IS USED BY OVER 2,000,000 STUDENTS.
PROFESSIONAL DEVELOPMENT AND SUPPORT. WE BELIEVE PROFESSIONAL DEVELOPMENT FOR EDUCATORS IS ESSENTIAL FOR STUDENT SUCCESS. COMPLIMENTARY WORKSHOPS ARE INCLUDED WITH THE PURCHASE OF OUR CURRICULUM AND WE PROVIDE A FREE ONLINE TEACHER SUPPORT SITE. WE ALSO OFFER FEE-BASED PROFESSIONAL DEVELOPMENT SERVICES INCLUDING CUSTOM WORKSHOPS, ON SITE CONSULTING AND ONLINE COURSES. IN 2021 WE DELIVERED 1500 WORKSHOPS.
FREE RESOURCES. IN 2021 OUR VIRTUAL MANIPULATIVE MATH APPS RECORDED APPROXIMATELY 23 MILLION WEB SESSIONS AND OVER 4.1 MILLION DOWNLOADS FROM THE APPLE APP STORE. OUR WEBSITE ALSO FEATURES OVER 200 FREE LESSONS AND ACTIVITIES WHICH COLLECTIVELY EXCEEDED 485,000 DOWNLOADS IN 2021.
OTHER PROGRAMS INCLUDE MATERIALS GRANTS, CURRICULUM ACCESS FOR UNIVERSITY SCHOOLS OF EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Ludeman CEO | Officer | 40 | $304,585 |
Nicole R Rigelman Chief Academic Officer | Officer | 40 | $201,790 |
George Vennebush Chief Learning Officer | Officer | 40 | $199,466 |
Michael Wallus VP Of Educator Support | Officer | 40 | $167,322 |
Justin Fogarty VP Of Communication | Officer | 40 | $153,090 |
Corey Drake Sr Director Of Professional Learning | 40 | $145,547 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,412,078 |
| Investment income | $212,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $176,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,834,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,002,222 |
| 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. | $1,135,020 |
| Compensation of current officers, directors, key employees. | $290,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,809,825 |
| Pension plan accruals and contributions | $520,126 |
| Other employee benefits | $482,383 |
| Payroll taxes | $474,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,082 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,778 |
| Fees for services: Other | $2,347,872 |
| Advertising and promotion | $234,662 |
| Office expenses | $135,693 |
| Information technology | $521,747 |
| Royalties | $202,194 |
| Occupancy | $243,828 |
| Travel | $61,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141,632 |
| Interest | $1,414 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $596,490 |
| Insurance | $120,468 |
| All other expenses | $188,621 |
| Total functional expenses | $36,840,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,172 |
| Savings and temporary cash investments | $3,406,841 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,965,554 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,536,078 |
| Prepaid expenses and deferred charges | $264,037 |
| Net Land, buildings, and equipment | $11,485,304 |
| Investments—publicly traded securities | $17,119,951 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,440 |
| Total assets | $55,033,377 |
| Accounts payable and accrued expenses | $1,368,450 |
| Grants payable | $0 |
| Deferred revenue | $1,262,441 |
| 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 | $2,630,891 |
| Net assets without donor restrictions | $52,402,486 |
| 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 | $55,033,377 |
Grants Awarded
Over the last fiscal year, The Math Learning Center has awarded $2,006,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Salem, OR PURPOSE: CHARITABLE DONATION | $2,000,100 |
Houghton, MI PURPOSE: SCHOLARSHIP FUND | $6,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Math Learning Center has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Math Learning Center Salem, OR | $55,033,377 | $42,834,351 |
Mathematical Sciences Research Berkeley, CA | $85,421,811 | $45,786,463 |
American Institute Of Mathematics San Jose, CA | $3,193,735 | $3,512,776 |
Mathematical Sciences Publishers Berkeley, CA | $1,082,212 | $1,776,889 |
Pacific Journal Of Mathematics Berkeley, CA | $937,957 | $321,138 |
California Mathematics Council Kentfield, CA | $1,299,686 | $204,820 |
International Society For Bayesian Analysis Daly City, CA | $710,970 | $149,223 |
Chinese American Abacus Association Fremont, CA | $81,069 | $0 |
Oregon Council Of Teachers Of Mathematics Salem, OR | $716,217 | $28,838 |