National High School & Two-Year College Mathematics Honor Society
- Assets
- $1.2m
- Revenue
- $626.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 03/1967
- Data as of
- 12/2021
- EIN
- 73-6097246
Organization Overview
National High School & Two-Year College Mathematics Honor Society, operating under the name Mu Alpha Theta, is located in Norman, OK. The organization was established in 1967. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mu Alpha Theta is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Mu Alpha Theta generated $626.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $337.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. 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
MU ALPHA THETA PROMOTES THE ENJOYMENT AND SCHOLARSHIP OF MATHEMATICS TO HIGH SCHOOL AND TWO-YEAR COLLEGE STUDENTS BY PROVIDING MATH-RELATED ACTIVITIES AND RESOURCES. THE ORGANIZATION PROVIDES GRANTS TO ITS MEMBERS AND CHAPTERS SO THEY MAY PARTICIPATE IN MATH COMPETITIONS AND PROMOTE THE ENJOYMENT OF MATHEMATICS WITHIN THEIR COMMUNITIES. SCHOLARSHIPS AND GRANTS ARE AWARDED TO MATHEMATICALLY TALENTED MEMBERS TO HELP REDUCE THE FINANCIAL BURDEN OF ATTENDING MATH SUMMER PROGRAMS AND OUR CONVENTION. MU ALPHA THETA DONATED 37,665 TO ITS EDUCATIONAL FOUNDATION FOR SCHOLARSHIPS FOR ITS ACADEMICALLY TALENTED MEMBERS. THE ORGANIZATION SUPPORTS MULTIPLE FREE MATHEMATICS COMPETITIONS FOR ITS MEMBERS. ADDITIONALLY, MU ALPHA THETA PROVIDES FREE GRAPHING CALCULATORS, ASSORTED MERCHANDISE, AND MATH-RELATED ITEMS AS PRIZES TO ITS CHAPTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS, GRANTS, AND AWARDS - MU ALPHA THETA DONATED 37,665 TO ITS EDUCATIONAL FOUNDATION IN SUPPORT OF 14 SCHOLARSHIPS FOR ITS MEMBERS. APPLICANTS WERE JUDGED ON THEIR MATHEMATICAL ABILITIES, LEADERSHIP QUALITIES, AND SERVICE TO THEIR MU ALPHA THETA CHAPTERS. MANY SCHOLARSHIP RECIPIENTS INDICATED THEY WILL PURSUE A CAREER IN MATHEMATICS OR APPLIED MATHEMATICS. IN 2021, MU ALPHA THETA SUPPORTED 9 MEMBERS WITH SUMMER STUDY GRANTS. THESE SUMMER GRANTS PROVIDED UP TO 2,000 PER RECIPIENT IN TUITION FUNDING AND TRAVEL AND LIVING EXPENSES. THE SUMMER STUDY PROGRAMS OUR MEMBERS ATTENDED WERE INTENDED FOR HIGH-ACHIEVING HIGH SCHOOL STUDENTS AND WERE COMPRISED OF HIGHER-LEVEL MATHEMATICS COURSES, INCLUDING ABSTRACT AND APPLIED MATHEMATICS TOPICS. SOME PROGRAMS OFFERED THE OPPORTUNITY FOR STUDENTS TO DO INDEPENDENT RESEARCH USING MATHEMATICS AT THE HIGHEST LEVELS. THE ORGANIZATION SUPPORTED THE ACTIVITIES OF ITS CHAPTERS WITH 1 CHAPTER GRANT OF 1,000 AND 6 COMPETITION GRANTS.
MU ALPHA THETA, THE NATIONAL HIGH SCHOOL AND TWO-YEAR COLLEGE MATHEMATICS HONOR SOCIETY, CONTINUED TO SUPPORT SEVERAL MATHEMATICS COMPETITIONS. STUDENTS WHO COMPETE IN MATHEMATICS COMPETITIONS OFTEN ENJOY MATHEMATICS AND PURSUE THE TOPIC AT HIGHER LEVELS, WHICH MAY INCLUDE PURSUING A MATHEMATICS, SCIENCE, OR MATHEMATICS EDUCATION CAREER. THE LOG1 CONTEST, ROCKET CITY MATH LEAGUE COMPETITION, AND MATHEMATICAL MINUTES VIDEO CONTEST SERVED MORE THAN 4,000 PARTICIPANTS IN THE U.S. AND IN FOREIGN COUNTRIES. THESE COMPETITIONS WERE OFFERED FREE OF CHARGE. THE ROCKET CITY MATH LEAGUE WAS OPEN TO ALL MIDDLE-SCHOOL THROUGH TWO-YEAR COLLEGE STUDENTS. PRIZES INCLUDED CERTIFICATES, TROPHIES, PLAQUES, MATHEMATICAL GAMES, AND PUZZLES. IN MU ALPHA THETA'S FREE MATH MINUTES VIDEO CONTEST, STUDENTS MADE FUN, EDUCATIONAL, SHORT VIDEOS TO TEACH MATH LESSONS TO OTHER STUDENTS. VIDEOS WERE SCORED ON THEIR ORIGINALITY, ACCURACY, AND "WOW" FACTOR. WINNERS' VIDEOS WERE POSTED ONLINE AND THEIR CHAPTERS WERE GIVEN CASH AWARDS. MU ALPHA THETA SUPPORTED THE AMERICAN MATHEMATICS COMPETITION AND THE U.S. MATHEMATICS OLYMPIAD TEAM BY PROVIDING FINANCIAL SUPPORT AND PRIZES TO FINALISTS. THE ORGANIZATION ALSO PROVIDED PRIZES AND FINANCIAL SUPPORT TO 11 ADDITIONAL ORGANIZATIONS' MATH COMPETITIONS. MU ALPHA THETA GAVE TI GRAPHING CALCULATORS TO CHAPTERS THAT REQUESTED THEM. RECEIVING CHAPTERS USED THE CALCULATORS AS PRIZES FOR THEIR MATH CONTESTS, AUCTIONED THE CALCULATORS FOR FUNDRAISERS, OR GAVE THEM AWAY AS AWARDS TO TALENTED CHAPTER MEMBERS. MU ALPHA THETA ALSO PROVIDED OTHER PRIZES TO CHAPTERS RUNNING MATH COMPETITIONS FOR MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS.
MU ALPHA THETA PROVIDED AWARDS AT SCIENCE FAIRS AROUND THE COUNTRY FOR OUTSTANDING RESEARCH PROJECTS INVOLVING MATHEMATICS ACCESSIBLE TO HIGH SCHOOL STUDENTS. AT THE REGENERON INTERNATIONAL SCIENCE AND ENGINEERING FAIR, 6,000 IN AWARD MONEY WAS PRESENTED TO 5 STUDENTS WITH THE TOP MATHEMATICS PROJECTS AS DEEMED BY MU ALPHA THETA'S JUDGES. MU ALPHA THETA PROVIDED SUPPORT FOR SCHOLARSHIPS TO ITS EDUCATIONAL FOUNDATION THIS YEAR, INCLUDING FUNDS TO SUPPORT THE EDUCATIONAL FOUNDATION'S ANNUAL NATIONAL CONVENTION. 700 MU ALPHA THETA MEMBERS AND SPONSORS (TEACHERS) ATTENDED THE 2021 NATIONAL CONVENTION VIRTUALLY AND IN PERSON TO MEET FOR THREE DAYS TO TAKE TOPIC TESTS SUCH AS ANALYTIC GEOMETRY, LIMITS/DERIVATIVES, STATISTICS, NUMBER THEORY, AND MANY OTHERS, AND INDIVIDUAL TESTS ON MULTIPLE MATH TOPICS. THERE WERE TEAM MATH CONTESTS, SPEED AND MENTAL MATH TESTS, AND A MATH-THEMED POSTER DESIGN CONTEST. SOME STUDENTS PREPARED A MATH "CHALK TALK" ON A SELECTED MATH TOPIC TO PRESENT TO AN AUDIENCE BY ZOOM. STUDENTS ATTEND SPEAKER SESSIONS PRESENTED BY MATHEMATICIANS. THE NATIONAL CONVENTION ALLOWED STUDENTS WHO LOVE MATH TO INTERACT WITH LIKE-MINDED PEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Pai Executive Di | Officer | 40 | $77,230 |
Rita Ralph President | OfficerTrustee | 4 | $0 |
Dr John Albert Treasurer | OfficerTrustee | 5 | $0 |
Lisa Herron Past Preside | OfficerTrustee | 4 | $0 |
Kim Woolfenden Governor Reg | Trustee | 1 | $0 |
Lekan Babaniyi Siam Represe | Trustee | 1 | $0 |
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 | $557,280 |
| Investment income | $4,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $61,114 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $626,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,284 |
| Grants and other assistance to domestic individuals. | $11,660 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $30 |
| Compensation of current officers, directors, key employees. | $77,230 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,459 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,349 |
| Fees for services: Accounting | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,750 |
| Advertising and promotion | $12,588 |
| Office expenses | $41,277 |
| Information technology | $31,537 |
| Royalties | $0 |
| Occupancy | $28,184 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,842 |
| All other expenses | $0 |
| Total functional expenses | $337,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,375 |
| Savings and temporary cash investments | $1,015,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,410 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $61,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44 |
| Total assets | $1,188,681 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,388 |
| Total liabilities | $8,388 |
| Net assets without donor restrictions | $0 |
| 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 | $1,180,293 |
| Total liabilities and net assets/fund balances | $1,188,681 |
Grants Awarded
Over the last fiscal year, National High School & Two-Year College Mathematics Honor Society has awarded $215,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Norman, OK PURPOSE: SCHOLARSHIPS | $100,000 |
Norman, OK PURPOSE: SCHOLARSHIPS | $100,000 |
GRISSOM HIGH SCHOOL-MU ALPHA THETA PURPOSE: ROCKET CITY MATH CON | $7,500 |
GRISSOM HIGH SCHOOL-MU ALPHA THETA PURPOSE: ROCKET CITY MATH CON | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Ypo Inc irving, TX | $225,170,372 | $113,445,633 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
North Park University Chicago, IL | $342,334,574 | $94,494,659 |
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |