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Nonprofiteer
← MATH CORPS

Form 990 for tax year 2023

Filed by MATH CORPS.

Totals

Total revenue
$1,239,315
Total expenses
$1,321,555
Contributions and grants received
$1,215,492
Grants paid
$823,389
Program service revenue
$0
Investment income
$23,823
Other revenue
$0
Total assets, end of year
$916,172
Total liabilities, end of year
$651
Net assets or fund balances, end of year
$915,521
Program services expenses (Part IX)
$1,034,818
Management and general expenses
$93,666
Fundraising expenses
$193,071
Program service expenses (Part III)
$1,034,818

Program services were 78.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,215,492

  • 1g · Noncash contributions included above

    $282,637

  • 3 · Investment income

    total $23,823 · excluded $23,823

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $823,389 · program services $823,389

  • 5 · Compensation of officers, directors and key employees

    total $145,000 · program services $50,750 · management and general $21,750 · fundraising $72,500

  • 7 · Other salaries and wages

    total $155,801 · program services $54,530 · management and general $23,370 · fundraising $77,901

  • 9 · Other employee benefits

    total $20,668 · program services $7,234 · management and general $3,100 · fundraising $10,334

  • 10 · Payroll taxes

    total $28,342 · program services $9,920 · management and general $4,251 · fundraising $14,171

  • 11b · Fees: legal

    total $4,552 · management and general $4,552

  • 11c · Fees: accounting

    total $17,222 · management and general $17,222

  • 11g · Fees: other

    total $1,687 · management and general $1,687

  • 12 · Advertising and promotion

    total $9,024 · management and general $4,512 · fundraising $4,512

  • 13 · Office expenses

    total $1,344 · management and general $1,344

  • 14 · Information technology

    total $1,109 · fundraising $1,109

  • 17 · Travel

    total $11,984 · management and general $5,992 · fundraising $5,992

  • 19 · Conferences, conventions and meetings

    total $4,384 · management and general $2,192 · fundraising $2,192

  • 23 · Insurance

    total $2,133 · management and general $2,133

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $88,995 · program services $88,995

  • 24b · Other expenses: MISCELLANEOUS

    total $3,279 · management and general $328 · fundraising $2,951

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,179 · management and general $295 · fundraising $884

  • 24d · Other expenses: TELEPHONE

    total $1,050 · management and general $525 · fundraising $525

  • 24e · All other expenses

    total $413 · management and general $413

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $381,935 · end of year $273,905

  • 2 · Savings and temporary cash investments

    beginning of year $529,620

  • 3 · Pledges and grants receivable

    beginning of year $80,000 · end of year $35,000

  • 4 · Accounts receivable

    beginning of year $5,320 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $2,728

  • 12 · Investments: other securities

    end of year $309,158

  • 13 · Investments: program-related

    end of year $295,381

  • 17 · Accounts payable and accrued expenses

    end of year $651

  • 27 · Net assets without donor restrictions

    beginning of year $643,183 · end of year $735,140

  • 28 · Net assets with donor restrictions

    beginning of year $353,692 · end of year $180,381

Mission and programs · 2023

Mission

THE MISSION OF THE MATH CORPS IS TO EMPOWER AND INSPIRE CHILDREN FROM UNDER-SERVED COMMUNITIES - THROUGH THE TEACHING OF MATHEMATICS AND THE FOSTERING OF SELF-WORTH, STRONG VALUES AND A SENSE OF FAMILY - TO BUILD GOOD LIVES FOR THEMSELVES AND A MORE JUST SOCIETY FOR ALL.

  • PROMOTED AND RAISED FUNDS FOR MATH CORPS PROGRAMS WHICH ARE ADMINISTERED AT VARIOUS UNIVERSITIES INCLUDING WAYNE STATE UNIVERSITY, UNIVERSITY OF TOLEDO, UNIVERSITY OF MICHIGAN, CLEVELAND STATE UNIVERSITY AND DREXEL UNIVERSITY.

    Expenses $1,034,818 · Grants $823,389

As filed on the 2023 return.

Listed in Part VII

  • Michael Acheson

    BOARD CHAIR AND SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Dr Steven Kahn PhD

    CEO AND PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Kevin Broderick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Zausmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rudy Hobbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vicki Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Tronstein Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marla Drutz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Raven Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Moses Shepherd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marci Deschner

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • Laura Richardson

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $145,000
    From this org
    $145,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349317322

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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