National Math And Science Initiative Inc
- Assets
- $28.3m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 304
- Location
- Houston, TX
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 11-3769438
Organization Overview
National Math And Science Initiative Inc is located in Houston, TX. The organization was established in 2007. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, National Math And Science Initiative Inc employed 304 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Math And Science Initiative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, National Math And Science Initiative Inc generated $27.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $22.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, National Math And Science Initiative Inc has awarded 118 individual grants totaling $34,163,420. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NMSI'S MISSION IS TO ADVANCE STEM EDUCATION TO ENSURE ALL STUDENTS, ESPECIALLY THOSE FURTHEST FROM OPPORTUNITY, THRIVE AND REACH THEIR HIGHEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE READINESS PROGRAM IS A COMPREHENSIVE APPROACH THAT INCREASES TEACHER EFFECTIVENESS AND STUDENT ACHIEVEMENT THROUGH TRAINING, TEACHER AND STUDENT SUPPORT, OPEN ENROLLMENT, AND AWARDS. THE PROGRAM DRAMATICALLY INCREASES THE NUMBER OF STUDENTS TAKING AND PASSING AP MATH, SCIENCE, AND ENGLISH EXAMS, AND EXPANDS ACCESS TO TRADITIONALLY UNDER -REPRESENTED STUDENTS.
NMSI'S TEACHER PATHWAYS PROGRAM TRANSFORMS THE WAY UNIVERSITIES PREPARE TEACHERS. DEVELOPED AT THE UNIVERSITY OF TEXAS AT AUSTIN TO TRANSFORM THE WAY COLLEGES AND UNIVERSITIES RECRUIT, PREPARE, AND INSPIRE NEW MATH AND SCIENCE TEACHERS, THIS PROGRAM RECRUITS MATH AND SCIENCE UNDERGRADUATE MAJORS TO PURSUE A TEACHING CAREER.
LAYING THE FOUNDATION IS A THREE-YEAR TEACHER TRAINING PROGRAM FOR TEACHERS OF GRADES 3-12, WHICH GIVES MATH, SCIENCE, AND ENGLISH TEACHERS CONTENT-BASED, PEDAGOGY-DRIVEN, TEACHER-TO-TEACHER TRAINING. THE PROGRAM HELPS EDUCATORS WITH TEACHING STRATEGIES AND CONTENT KNOWLEDGE THAT INCREASE RIGOR IN THE CLASSROOM.
THE ALIGNED PROGRAM SUPPORTS DISTRICTS. ALLOWING THEM TO IMPLEMENT A COMPREHENSIVE STEM PATHWAY IN GRADES K-12, WHICH INCLUDES CURRICULUM INTEGRATION AND PROFESSIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Coast Analytics Research | 12/30/23 | $203,200 |
Finn Partners Inc Consulting | 12/30/23 | $142,413 |
Whiteboard Advisors Consulting | 12/30/23 | $135,248 |
Centre Technologies Professional Services | 12/30/23 | $121,045 |
Gordon Rees Scully Mansukhani Llp Professional Services | 12/30/23 | $132,876 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,557,491 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,458,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,015,664 |
| Total Program Service Revenue | $2,715,517 |
| Investment income | $83,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,819,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,535 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,075,000 |
| Compensation of current officers, directors, key employees. | $733,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,396,042 |
| Pension plan accruals and contributions | $343,251 |
| Other employee benefits | $642,568 |
| Payroll taxes | $649,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $161,182 |
| Fees for services: Accounting | $125,484 |
| Fees for services: Lobbying | $25,050 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,378,060 |
| Advertising and promotion | $14,504 |
| Office expenses | $599,871 |
| Information technology | $652,552 |
| Royalties | $0 |
| Occupancy | $109,717 |
| Travel | $572,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $377,179 |
| Insurance | $113,164 |
| All other expenses | $0 |
| Total functional expenses | $22,085,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,502,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $827,139 |
| Accounts receivable, net | $796,354 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $300,641 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,055,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $823,722 |
| Total assets | $28,306,279 |
| Accounts payable and accrued expenses | $1,043,052 |
| Grants payable | $8,515 |
| Deferred revenue | $81,837 |
| 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 | $0 |
| Total liabilities | $1,133,404 |
| Net assets without donor restrictions | $10,730,397 |
| Net assets with donor restrictions | $16,442,478 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $28,306,279 |
Grants Awarded
Over the last fiscal year, National Math And Science Initiative Inc has awarded $82,693 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MOREHEAD STATE UNIVERSITY PURPOSE: TEACHER PATHWAYS | $76,007 |
A COLLEGE READINESS PURPOSE: TEACHER PATHWAYS | $6,686 |