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Nonprofiteer
← ART OF PROBLEM SOLVING INITIATIVE INC

Form 990 for tax year 2024

Filed by ART OF PROBLEM SOLVING INITIATIVE INC.

Totals

Total revenue
$11,781,568
Total expenses
$8,677,594
Contributions and grants received
$11,561,252
Grants paid
$119,198
Program service revenue
$0
Investment income
$220,211
Other revenue
$105
Total assets, end of year
$19,440,415
Total liabilities, end of year
$396,007
Net assets or fund balances, end of year
$19,044,408
Program services expenses (Part IX)
$6,467,066
Management and general expenses
$1,272,248
Fundraising expenses
$938,280
Program service expenses (Part III)
$6,467,066

Program services were 74.5% 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.

  • 1e · Government grants (contributions)

    $62,400

  • 1f · All other contributions, gifts and grants

    $11,498,852

  • 1g · Noncash contributions included above

    $95,877

  • 3 · Investment income

    total $220,211 · excluded $220,211

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $105 · excluded $105

  • 11e · Other revenue, total

    $105

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $119,198 · program services $119,198

  • 5 · Compensation of officers, directors and key employees

    total $1,240,068 · program services $568,293 · management and general $415,968 · fundraising $255,807

  • 7 · Other salaries and wages

    total $4,129,102 · program services $3,276,031 · management and general $377,043 · fundraising $476,028

  • 9 · Other employee benefits

    total $278,915 · program services $184,835 · management and general $48,430 · fundraising $45,650

  • 10 · Payroll taxes

    total $506,361 · program services $369,854 · management and general $71,135 · fundraising $65,372

  • 11b · Fees: legal

    total $22,508 · management and general $22,508

  • 11c · Fees: accounting

    total $30,319 · management and general $30,319

  • 11g · Fees: other

    total $655,529 · program services $491,430 · management and general $131,548 · fundraising $32,551

  • 12 · Advertising and promotion

    total $28,649 · program services $25,041 · management and general $3,608

  • 13 · Office expenses

    total $196,071 · program services $142,284 · management and general $39,572 · fundraising $14,215

  • 14 · Information technology

    total $242,418 · program services $169,718 · management and general $59,613 · fundraising $13,087

  • 16 · Occupancy

    total $356,488 · program services $356,488

  • 17 · Travel

    total $295,064 · program services $239,278 · management and general $42,081 · fundraising $13,705

  • 23 · Insurance

    total $120,739 · program services $95,399 · management and general $12,584 · fundraising $12,756

  • 24a · Other expenses: FOOD

    total $362,483 · program services $358,509 · management and general $2,566 · fundraising $1,408

  • 24b · Other expenses: FIELD TRIPS

    total $54,979 · program services $54,979 · management and general $0 · fundraising $0

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $22,903 · program services $10,182 · management and general $10,710 · fundraising $2,011

  • 24d · Other expenses: MISCELLANEOUS

    total $15,800 · program services $5,547 · management and general $4,563 · fundraising $5,690

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,185,174 · end of year $523,674

  • 2 · Savings and temporary cash investments

    beginning of year $11,369,780 · end of year $14,368,776

  • 3 · Pledges and grants receivable

    beginning of year $3,215,377 · end of year $4,405,872

  • 9 · Prepaid expenses and deferred charges

    beginning of year $137,006 · end of year $142,093

  • 17 · Accounts payable and accrued expenses

    beginning of year $343,082 · end of year $396,007

  • 27 · Net assets without donor restrictions

    beginning of year $11,643,559 · end of year $13,669,258

  • 28 · Net assets with donor restrictions

    beginning of year $3,920,696 · end of year $5,375,150

Mission and programs · 2024

Mission

BEAM AIMS TO OPEN UP OPPORTUNITY FOR ALL STUDENTS AT THE HIGHEST LEVEL OF ACHIEVEMENT, TO INSTILL A GENUINE LOVE FOR MATHEMATICS, AND TO OPEN UP OPPORTUNITIES FOR FULFILLING, WELL-PAID CAREERS. TO OUR KNOWLEDGE, BEAM IS THE ONLY PROGRAM IN THE US PROVIDING LONG-TERM (10-YEAR), COMPREHENSIVE SUPPORT TO ENSURE SUCCESS IN ADVANCED MATH FOR KIDS FROM LOW-INCOME AND LOW-ACCESS BACKGROUNDS. OUR GOALS ARE TO PROVIDE ACADEMIC PREPARATION FOR ADVANCED MATHEMATICAL WORK; SOCIAL/EMOTIONAL SUPPORT SO STUDENTS ARE COMFORTABLE AND CONFIDENT WITH STEM IDENTITIES AND ENGAGING STEM COMMUNITIES; A COMMUNITY OF LIKE-MINDED PEERS INCLUDING STUDENTS, COUNSELORS, AND FACULTY IN WHOM OUR STUDENTS CAN SEE THEMSELVES REPRESENTED; AND GUIDANCE AND MENTORING TO SUPPORT STUDENTS IN SEEKING OUT FUTURE STEM OPPORTUNITIES.

Activities or mission (Part I)

TO CREATE PATHWAYS FOR STUDENTS WHO WOULDN'T OTHERWISE HAVE ACCESS TO STEM OPPORTUNITIES TO BECOME SCIENTISTS, MATHEMATICIANS, ENGINEERS, AND COMPUTER SCIENTISTS.

  • THE ART OF PROBLEM SOLVING INITIATIVE, INC. (THE ORGANIZATION), FORMERLY KNOWN AS "THE ART OF PROBLEM SOLVING FOUNDATION" WAS FORMED IN 2004. FROM 2004 THROUGH 2011, AOPSI WAS A SMALL, ALL-VOLUNTEER ORGANIZATION; WE RAN A NATIONAL MATH CONTEST AND SUPPORTED LOCAL UNIVERSITY-RUN MATH CIRCLES. BRIDGE TO ENTER ADVANCED MATHEMATICS (BEAM) WAS FOUNDED IN 2011 BY DANIEL ZAHAROPOL AND RAPIDLY BECAME AOPSI'S MAIN PRIORITY AS THE PROGRAM STARTED TO FIND REAL SUCCESS. BEAM WAS FOUNDED TO ADDRESS A LARGELY UNRECOGNIZED PROBLEM: WHILE AFFLUENT STUDENTS WITH TALENT IN MATH HAVE MANY OPPORTUNITIES TO RECEIVE INSTRUCTION IN DEEP ENRICHMENT MATHEMATICS, EVEN HIGH-ACHIEVING STUDENTS FROM MARGINALIZED COMMUNITIES TYPICALLY RECEIVE ONLY ROTE INSTRUCTION FOCUSED ON BASIC SKILLS. TOO FREQUENTLY, THEIR POTENTIAL GOES UNRECOGNIZED OR UNSUPPORTED.BEAM WAS LAUNCHED AS A SMALL 3-WEEK RESIDENTIAL SUMMER PROGRAM FOR 17 RISING 8TH GRADERS IN NEW YORK CITY. AS BEAM'S SUMMER PROGRAMS GREW, IN 2013, BEAM ALSO BEGAN TO PROVIDE SUPPORT AND RESOURCES TO STUDENTS DURING THE ACADEMIC YEAR, INCLUDING WEEKEND CLASSES AND DROP-IN OFFICE HOURS. IN 2018, BEAM EXPANDED TO LOS ANGELES AND CONTINUED TO GROW IN NYC. BEAM HAS NOW GROWN FROM RUNNING A SINGLE SUMMER CAMP TO RUNNING SIX SUMMER SITES SERVING ABOUT 420 STUDENTS EACH SUMMER AND PROVIDING YEAR-ROUND SUPPORT AND PROGRAMMING FOR 650 STUDENTS IN NEW YORK AND LOS ANGELES.THE ORGANIZATION FOCUSES ITS EFFORTS ON FOUR MAIN PROGRAMS: BRIDGE TO ENTER ADVANCED MATHEMATICS ("BEAM") DISCOVERY AND SUMMER AWAY, THE BEAM PATHWAY PROGRAM, AND ENTRY POINTS, A NEW NATIONAL INITIATIVE DESIGNED TO BRING BEAM PROGRAMS TO ELEMENTARY AND MIDDLE SCHOOLS ACROSS THE COUNTRY. IN 2020 WE LAUNCHED OUR FIRST NATIONAL PROGRAM TO REACH LOW-ACCESS STUDENTS ACROSS THE US. WHEN FULLY ROLLED OUT, THE PROGRAM AIMS TO SUPPORT THOUSANDS OF STUDENTS ACROSS THE COUNTRY BEGINNING IN 2ND GRADE AND CONTINUING THROUGH COLLEGE GRADUATION. MORE INFORMATION IS AVAILABLE AT WWW.BEAMMATH.ORG OR WILL BE PROVIDED UPON REQUEST.

    Expenses $6,375,110 · Grants $119,198

  • USA MATHEMATICAL TALENT SEARCH (USAMTS)- IS A NATIONAL MATH COMPETITION FOR MIDDLE AND HIGH SCHOOL STUDENTS TO PROMOTE ADVANCED MATHEMATICAL PROBLEM-SOLVING SKILLS AND EDUCATION. THE USAMTS ENCOURAGES STUDENTS TO LEARN ADVANCED MATHEMATICAL WRITING SKILLS. THE USAMTS COMPETITION IS OPEN TO THE GENERAL PUBLIC. ON AVERAGE A TOTAL OF 600 TO 700 MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATE IN THE USAMTS.

    Expenses $91,956

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DANIEL ZAHAROPOL

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $244,974
    From this org
    $237,245
    From related orgs
    $0
    Other
    $7,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,245
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,729
    Filer's total
    $244,974

  • FELIX FLORES

    CHIEF GROWTH OFFICER- FMR

    Total calculated
    $199,590
    From this org
    $199,590
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,451
    Bonus
    $0
    Other
    $47,139
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $199,590

  • MELISSA GILLIS

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $195,429
    From this org
    $194,980
    From related orgs
    $0
    Other
    $449
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,980
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $449
    Filer's total
    $195,429

  • SAMIR BOLAR

    CHIEF PROGRAM OFFICER

    Total calculated
    $190,009
    From this org
    $171,670
    From related orgs
    $0
    Other
    $18,339
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,670
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,339
    Filer's total
    $190,009

  • BETANIA TIBURCIO

    CHIEF OPERATING OFFICER

    Total calculated
    $181,167
    From this org
    $181,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,167
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $181,167

  • RICHARD IANDOLI

    CHIEF FINANCIAL OFFICER

    Total calculated
    $175,893
    From this org
    $175,893
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,893
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,893

  • LYNN CARTWRIGHT-PUNNETT

    SENIOR DIRECTOR, PROGRAM DESIGN

    Total calculated
    $145,133
    From this org
    $145,133
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • EDRAY GOINS PHD

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • KEN BARON PHD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • DARRYL HILL EDD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NANAYAA DADSON PHD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LENNIN ANTUNISH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF HOFFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NIKKI HO-SHING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN KEARNS-JORDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIRAN KEDLAYA PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PRASHANT LAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANDOR LEHOCZKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD RUSCZYK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN WILDSTROM

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
FELIX FLORES - FORMER CHIEF GROWTH OFFICER RECEIVED A SEVERANCE PACKAGE TOTALING $47,139.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
18 February 2026
IRS schema version
2024v5.5
Source object
202620599349300312

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