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Nonprofiteer
← MATHCOUNTS FOUNDATION

Form 990 for tax year 2022

Filed by MATHCOUNTS FOUNDATION.

Totals

Total revenue
$2,687,820
Total expenses
$3,134,898
Contributions and grants received
$1,481,247
Grants paid
$305,107
Program service revenue
$1,088,540
Investment income
$118,033
Other revenue
$0
Total assets, end of year
$6,157,589
Total liabilities, end of year
$692,765
Net assets or fund balances, end of year
$5,464,824
Program services expenses (Part IX)
$2,744,418
Management and general expenses
$225,643
Fundraising expenses
$164,837
Program service expenses (Part III)
$2,744,418

Program services were 87.5% 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.

  • 1a · Federated campaigns

    $6,101

  • 1f · All other contributions, gifts and grants

    $1,475,146

  • 1g · Noncash contributions included above

    $54,250

  • 2a · Program service revenue: Competition Registration

    total $937,604 · related or exempt $937,604

  • 2b · Program service revenue: Coaching Materials/Promo items

    total $150,936 · related or exempt $150,936

  • 3 · Investment income

    total $118,033 · excluded $118,033

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $239,107 · program services $239,107

  • 2 · Grants to domestic individuals

    total $66,000 · program services $66,000

  • 5 · Compensation of officers, directors and key employees

    total $257,172 · program services $200,595 · management and general $18,001 · fundraising $38,576

  • 7 · Other salaries and wages

    total $850,743 · program services $734,314 · management and general $32,887 · fundraising $83,542

  • 8 · Pension plan contributions

    total $42,362 · program services $36,827 · management and general $1,344 · fundraising $4,191

  • 9 · Other employee benefits

    total $85,425 · program services $73,403 · management and general $3,078 · fundraising $8,944

  • 10 · Payroll taxes

    total $79,177 · program services $67,300 · management and general $3,167 · fundraising $8,710

  • 11b · Fees: legal

    total $18,056 · management and general $18,056

  • 11c · Fees: accounting

    total $19,096 · management and general $19,096

  • 11f · Fees: investment management

    total $22,552 · management and general $22,552

  • 11g · Fees: other

    total $205,098 · program services $169,028 · management and general $27,016 · fundraising $9,054

  • 12 · Advertising and promotion

    total $24,835 · program services $24,835

  • 13 · Office expenses

    total $347,177 · program services $304,131 · management and general $36,363 · fundraising $6,683

  • 16 · Occupancy

    total $47,129 · program services $39,698 · management and general $2,294 · fundraising $5,137

  • 17 · Travel

    total $25,896 · program services $25,431 · management and general $465

  • 19 · Conferences, conventions and meetings

    total $167,204 · program services $155,007 · management and general $12,197

  • 22 · Depreciation, depletion and amortization

    total $78,294 · program services $59,900 · management and general $18,394

  • 23 · Insurance

    total $9,529 · management and general $9,529

  • 24a · Other expenses: National Competition

    total $550,046 · program services $548,842 · management and general $1,204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,605,361 · end of year $1,463,247

  • 2 · Savings and temporary cash investments

    beginning of year $326,479 · end of year $330,144

  • 3 · Pledges and grants receivable

    beginning of year $1,252,920 · end of year $843,856

  • 4 · Accounts receivable

    beginning of year $5,395 · end of year $7,398

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,218 · end of year $37,757

  • 10a · Land, buildings and equipment: cost or other basis

    $855,012

  • 10b · Land, buildings and equipment: accumulated depreciation

    $718,256

  • 10c · Land, buildings and equipment, net

    beginning of year $192,392 · end of year $136,756

  • 11 · Investments: publicly traded securities

    beginning of year $3,145,732 · end of year $3,338,431

  • 17 · Accounts payable and accrued expenses

    beginning of year $113,352 · end of year $94,649

  • 18 · Grants payable

    beginning of year $490,279 · end of year $466,729

  • 19 · Deferred revenue

    beginning of year $27,742 · end of year $25,087

  • 21 · Escrow or custodial account liability

    beginning of year $122,195 · end of year $106,300

  • 27 · Net assets without donor restrictions

    beginning of year $3,933,739 · end of year $4,237,824

  • 28 · Net assets with donor restrictions

    beginning of year $1,876,190 · end of year $1,227,000

Mission and programs · 2022

Mission

MATHCOUNTS provides engaging math programs for US middle school students of all ability levels to build confidence and improve attitudes towards math and problem solving.

Activities or mission (Part I)

Providing engaging math programs for US middle school students.

  • 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.

    Expenses $2,276,503 · Grants $298,107 · Revenue $1,088,540

  • 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.

    Expenses $228,158 · Grants $7,000

  • 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.

    Expenses $169,627

  • 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 an annual, online newsletter and postcards that are distributed to every middle school in the United States.

    Expenses $70,130

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tracey Gray

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Nancy Blackwell

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Santanu Das

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Emily Glendinning

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    1
  • Joann Acosta

    Member

    Total calculated
    $0
    Hours/week
    1
  • Abraham El

    Member

    Total calculated
    $0
    Hours/week
    1
  • Shawn Gundrum

    Member

    Total calculated
    $0
    Hours/week
    1
  • Tricia Hatley

    Member

    Total calculated
    $0
    Hours/week
    1
  • Ryan Hill

    Member

    Total calculated
    $0
    Hours/week
    1
  • Valerie Camille Jones

    Member

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Kass

    Member

    Total calculated
    $0
    Hours/week
    1
  • Karen Keniff

    Member

    Total calculated
    $0
    Hours/week
    1
  • Jason Lee

    Member

    Total calculated
    $0
    Hours/week
    1
  • Michelle Nal

    Member

    Total calculated
    $0
    Hours/week
    1
  • Jon Owen

    Member

    Total calculated
    $0
    Hours/week
    1
  • Sarah Willoughby

    Member

    Total calculated
    $0
    Hours/week
    1
  • Ding Zhou

    Member

    Total calculated
    $0
    Hours/week
    1
  • Kristen Chandler

    Executive Director

    Total calculated
    $247,688
    From this org
    $225,092
    From related orgs
    $0
    Other
    $22,596
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,092
    Bonus
    $15,000
    Other
    $0
    Deferred
    $11,521
    Nontaxable benefits
    $11,075
    Filer's total
    $247,688
  • Amanda Naar

    Deputy Dir & Dir. Of Strategy

    Total calculated
    $208,193
    From this org
    $190,255
    From related orgs
    $0
    Other
    $17,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,200
    Bonus
    $14,453
    Other
    $3,602
    Deferred
    $9,333
    Nontaxable benefits
    $8,605
    Filer's total
    $208,193

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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

Provenance

Return type
form_990
Tax year
2022
Filed
26 March 2024
IRS schema version
2022v5.0
Source object
202440929349300609

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