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Nonprofiteer
← NEW YORK MATH CIRCLE INC

Form 990 for tax year 2023

Filed by NEW YORK MATH CIRCLE INC.

Totals

Total revenue
$268,290
Total expenses
$297,253
Contributions and grants received
$76,747
Grants paid
$0
Program service revenue
$191,543
Investment income
$0
Other revenue
$0
Total assets, end of year
$383,242
Total liabilities, end of year
$131,381
Net assets or fund balances, end of year
$251,861
Program services expenses (Part IX)
$155,168
Management and general expenses
$142,085
Fundraising expenses
$0
Program service expenses (Part III)
$155,168

Program services were 52.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $76,747

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: STUDENT REGISTRATION

    total $191,543 · related or exempt $191,543 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $99,474 · program services $53,696 · management and general $45,778

  • 7 · Other salaries and wages

    total $127,605 · program services $68,881 · management and general $58,724

  • 9 · Other employee benefits

    total $1,668 · program services $901 · management and general $767

  • 10 · Payroll taxes

    total $19,514 · program services $10,538 · management and general $8,976

  • 11c · Fees: accounting

    total $10,326 · management and general $10,326

  • 11g · Fees: other

    total $3,417 · management and general $3,417

  • 12 · Advertising and promotion

    total $2,021 · program services $1,445 · management and general $576

  • 13 · Office expenses

    total $1,468 · program services $938 · management and general $530

  • 14 · Information technology

    total $698 · management and general $698

  • 16 · Occupancy

    total $7,747 · program services $6,353 · management and general $1,394

  • 17 · Travel

    total $11,006 · program services $11,006

  • 23 · Insurance

    total $2,801 · management and general $2,801

  • 24a · Other expenses: BANK CHARGES AND PROCESSING FEES

    total $7,956 · program services $0 · management and general $7,956 · fundraising $0

  • 24b · Other expenses: PROGRAM EXPENSES

    total $1,270 · program services $1,270 · management and general $0 · fundraising $0

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $282 · program services $140 · management and general $142 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $384,291 · end of year $382,361

  • 9 · Prepaid expenses and deferred charges

    beginning of year $617 · end of year $881

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,105 · end of year $6,567

  • 19 · Deferred revenue

    beginning of year $90,979 · end of year $124,814

  • 27 · Net assets without donor restrictions

    beginning of year $280,824 · end of year $251,861

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

NEW YORK MATH CIRCLE (NYMC) IS A NON-PROFIT ORGANIZATION DEDICATED TO ENRICHING AND SUPPLEMENTING MATHEMATICAL EDUCATION IN NEW YORK CITY. NYMC OFFERS INTERESTED STUDENTS FROM AROUND NEW YORK CITY AN OPPORTUNITY TO GROW INTELLECTUALLY AND PERSONALLY THROUGH THE LEARNING OF MATHEMATICS AND RELATED SUBJECTS FROM EXCEPTIONAL TEACHERS IN A CHALLENGING BUT FRIENDLY ENVIRONMENT. IT ENCOURAGES AND SUPPORTS THE EXCELLENT TEACHING OF MATHEMATICS THROUGH COURSES FOR TEACHERS AND OTHER PROGRAMS.

Activities or mission (Part I)

NEW YORK MATH CIRCLE (NYMC) IS A NON-PROFIT ORGANIZATION DEDICATED TO ENRICHING AND SUPPLEMENTING MATHEMATICAL EDUCATION IN NEW YORK CITY. NYMC OFFERS INTERESTED STUDENTS FROM AROUND NEW YORK CITY AN OPPORTUNITY TO GROW INTELLECTUALLY AND PERSONALLY THROUGH THE LEARNING OF MATHEMATICS AND RELATED SUBJECTS FROM EXCEPTIONAL TEACHERS IN A FRIENDLY, ENRICHED ATMOSPHERE. IT ENCOURAGES AND SUPPORTS EXCELLENT TEACHING OF MATHEMATICS THROUGH COURSES FOR TEACHERS AND OTHER PROGRAMS.

  • NEW YORK MATH CIRCLE - MATHEMATICS ENRICHMENT CLASSES FOR HIGH SCHOOL AND MIDDLE SCHOOL STUDENTS AND TEACHERS - DURING FYE 6/30/23, NEW YORK MATH CIRCLE HELD AN INTENSIVE SUMMER HIGH SCHOOL PROGRAM, AND 35 WEEKEND AND SUMMER COURSES FOR STUDENTS: 4 IN THE SUMMER, 21 IN THE FALL SEMESTER, AND 14 IN THE SPRING. 558 REGISTRANTS WERE SERVED, REPRESENTING ABOUT 320 DIFFERENT MIDDLE AND HIGH SCHOOL STUDENTS, MANY ATTENDING MORE THAN ONE COURSE. ABOUT 270 CLASSROOM SESSIONS WERE HELD, AND OVER 10,000 INSTRUCTIONAL STUDENT-HOURS WERE PROVIDED. WE AIM TO ENRICH AND SUPPLEMENT MATHEMATICAL EDUCATION IN NEW YORK CITY BY PROVIDING STUDENTS WITH SUPERB INSTRUCTION IN A FRIENDLY ATMOSPHERE, AND OFFERING MATERIAL NOT USUALLY ENCOUNTERED IN THE REGULAR CURRICULUM. WE ALSO SEEK TO STIMULATE THE ENJOYMENT, APPRECIATION, AND KNOWLEDGE OF MATHEMATICS THROUGH PROBLEM-SOLVING AND GUIDED DISCOVERY, TO STRENGTHEN STUDENTS' EXISTING KNOWLEDGE, AND TO CULTIVATE THE MOTIVATION AND CAPACITY FOR FUTURE STUDIES. FURTHERMORE, WE STRIVE TO MAKE THE CLASSES AVAILABLE TO ALL INTERESTED STUDENTS, REGARDLESS OF FINANCIAL MEANS.

    Expenses $155,168 · Revenue $191,543

As filed on the 2023 return.

Listed in Part VII

  • Kovan Pillai

    PRESIDENT

    Total calculated
    $98,664
    From this org
    $98,664
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Hankin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Japeth Wood

    VICE PRESIDENT AND SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Dmitry Sagalovskiy

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • David Garbasz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joy Hsiao

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eliza Kuberska

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Ming Jack Po

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Zaharopol

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jie Zhang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
28 March 2025
IRS schema version
2023v6.0
Source object
202520909349300217

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