Mathcounts Foundation
- Assets
- $6.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Alexandria, VA
- Founding
- 08/1986
- Data as of
- 07/2022
- EIN
- 54-1295407
Organization Overview
Mathcounts Foundation is located in Alexandria, VA. The organization was established in 1986. As of 07/2022, Mathcounts Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mathcounts Foundation 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 07/2022, Mathcounts Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $3.0m during the year ending 07/2022. While expenses have increased by 0.7% per year over the past 7 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.
Since 2016, Mathcounts Foundation has awarded 105 individual grants totaling $887,614. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ENGAGING MATH PROGRAMS FOR US MIDDLE SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATHCOUNTS COMPETITION SERIES AND SUPPORT:MATHCOUNTS CULTIVATES TALENT IN THE NATION'S BRIGHTEST MINDS THROUGH THE MATHCOUNTS COMPETITION SERIES. STUDENTS ARE BROUGHT TOGETHER FROM ALL 50 STATES AT HUNDREDS OF LOCAL IN-PERSON CONTESTS - THE ONLY PROGRAM OF ITS KIND TO DO SO. WINNERS ADVANCE THROUGH 4 LEVELS OF COMPETITION - SCHOOL, CHAPTER, STATE, AND NATIONAL - UNTIL THE OVERALL NATIONAL INDIVIDUAL AND TEAM CHAMPIONS ARE DETERMINED. DUE TO COVID-19, THE 2021 NATIONAL COMPETITION WAS HELD VIRTUALLY ONLINE.
THE NATIONAL MATH CLUB:MATHCOUNTS INSPIRES CURIOSITY AND BUILDS CONFIDENCE IN STUDENTS OF ALL MATH ABILITY LEVELS THROUGH THE NATIONAL MATH CLUB. THE PROGRAM CREATES A SPACE WHERE MATH LEARNING IS FUN, SOCIAL AND SUPPORTIVE, SO THAT EVERY STUDENT BECOMES A LIFELONG MATH LEARNER. ANY INDIVIDUAL CAN SIGN UP TO BE A CLUB LEADER AND RECEIVE FREE MATERIALS TO CONDUCT FUN MATH GAMES WITH THEIR STUDENTS. CLUBS WITH ACTIVE PARTICIPATION RECEIVE EXTRA RECOGNITION AND REWARDS.
MATH VIDEO CHALLENGE:MATH VIDEO CHALLENGE IS A PROJECT-BASED TEAM CONTEST IN WHICH STUDENTS CREATE A VIDEO THAT SHOWS A SOLUTION TO A MATHCOUNTS PROBLEM IN A REAL-WORLD SETTING. TO DETERMINE ADVANCEMENT AND PRIZES, VIDEOS ARE EVALUATED BASED ON 4 CATEGORIES: MATHEMATICAL CONTENT, COMMUNICATION, CREATIVITY AND REAL-WORLD SCENARIO.
SCHOOL RECRUITMENT, PUBLIC RELATIONS AND NEWSLETTER:MATHCOUNTS CONDUCTS AN EXTENSIVE CAMPAIGN TO SHARE OUR WIDE ARRAY OF EDUCATIONAL RESOURCES TO TEACHERS, SCHOOL ADMINISTRATORS, STUDENTS, AND PARENTS THROUGHOUT THE COUNTRY. THIS CAMPAIGN INCLUDES OUR BIANNUAL NEWSLETTER THAT IS DISTRIBUTED TO EVERY MIDDLE SCHOOL IN THE UNITED STATES AND CONTAINS A FREE MATH POSTER FOR CLASSROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Chandler Executive Director/ Secretary | Officer | 40 | $222,969 |
Amanda Naar Deputy Director & Dir. Of Strategy | 40 | $181,333 | |
Joann Acosta Member | Trustee | 1 | $0 |
Ryan Hill Member | Trustee | 1 | $0 |
Jennifer Kass Member | Trustee | 1 | $0 |
Karen Keniff Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M Squared Audio Visual Provider | 7/30/20 | $119,214 |
Atc Travel Management Transportation/flights For National Comp | 7/30/20 | $120,425 |
Hbp Inc Printing And Fulfillment | 7/30/20 | $201,611 |
Hilton Lake Buena Vista Hotel For National Competition (Lodging | 7/30/20 | $274,325 |
Hbp Inc Printing And Fulfillment | 7/30/20 | $201,611 |
Atc Travel Management Transportation/flights For National Comp | 7/30/20 | $120,425 |
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 | $2,830,844 |
| Noncash contributions included in lines 1a–1f | $38,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,830,844 |
| Total Program Service Revenue | $1,004,632 |
| Investment income | $84,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,956,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $179,180 |
| Grants and other assistance to domestic individuals. | $61,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $247,568 |
| Compensation of current officers, directors, key employees. | $17,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $846,483 |
| Pension plan accruals and contributions | $41,889 |
| Other employee benefits | $86,191 |
| Payroll taxes | $78,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,075 |
| Fees for services: Accounting | $18,574 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,949 |
| Fees for services: Other | $153,872 |
| Advertising and promotion | $15,746 |
| Office expenses | $335,977 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,284 |
| Travel | $10,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $146,145 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,458 |
| Insurance | $9,102 |
| All other expenses | $576,243 |
| Total functional expenses | $2,963,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,605,361 |
| Savings and temporary cash investments | $326,479 |
| Pledges and grants receivable | $1,252,920 |
| Accounts receivable, net | $5,395 |
| 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 | $35,218 |
| Net Land, buildings, and equipment | $192,392 |
| Investments—publicly traded securities | $3,145,732 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,563,497 |
| Accounts payable and accrued expenses | $113,352 |
| Grants payable | $490,279 |
| Deferred revenue | $27,742 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $122,195 |
| 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 | $753,568 |
| Net assets without donor restrictions | $3,933,739 |
| Net assets with donor restrictions | $1,876,190 |
| 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 | $6,563,497 |
Grants Awarded
Over the last fiscal year, Mathcounts Foundation has awarded $68,265 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: State Registration Fee Reimbursements | $13,840 |
Tallahassee, FL PURPOSE: State Registration Fee Reimbursements | $8,755 |
Harrisburg, PA PURPOSE: State Registration Fee Reimbursements | $8,075 |
Austin, TX PURPOSE: State Registration Fee Reimbursements | $7,930 |
Springfield, IL PURPOSE: State Registration Fee Reimbursements | $6,725 |
Columbus, OH PURPOSE: State Registration Fee Reimbursements | $6,250 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Mathcounts Foundation has recieved totaling $91,275.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $68,805 |
2a Foundation Inc New York, NY PURPOSE: GENERAL FUND | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,150 |
Clark-Nexsen Foundation Virginia Beach, VA PURPOSE: 2021 ANNUAL DONATION | $5,000 |
Mountz Family Foundation Wellesley, MA PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mathcounts Foundation Alexandria, VA | $6,563,497 | $3,956,274 |
The Alice Aycock Poe Center For Health Education Raleigh, NC | $3,180,130 | $3,315,126 |
National History Day College Park, MD | $5,929,567 | $2,561,679 |
Kentucky Association For Academic Competition Inc Frankfort, KY | $839,947 | $649,684 |
Professional Engineers Of North Carolina-Educational Foundation Raleigh, NC | $769,875 | $278,326 |