Clay Mathematics Institute Inc
- Assets
- $34.9m
- Revenue
- $2.6m
- Investments
- $32.7m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 10/1999
- Data as of
- 09/2022
- EIN
- 13-4025978
Organization Overview
Clay Mathematics Institute Inc is located in Denver, CO. The organization was established in 1999. According to its NTEE Classification (U34) the organization is classified as: Mathematics, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clay Mathematics Institute 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 09/2022, Clay Mathematics Institute Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.3% each year . All expenses for the organization totaled $1.8m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE NEW MATHEMATICAL KNOWLEDGE UTILIZING CMI PRIZEFELLOWS AND CMI SCHOLARS TO PERFORM CREATIVE MATHEMATICALRESEARCH.
DISSEMINATE MATHEMATICAL INSIGHT BY ORGANIZING WORKSHOPS,CONFERENCES, LECTURE SERIES, AND SUMMER SCHOOLS TO BRINGMATHEMATICAL DEVELOPMENTS TO THE ATTENTION OF OTHERS.
INSPIRE TALENTED STUDENTS IN PARTNERSHIP WITH OTHERINSTITUTIONS, RUN SUMMER PROGRAMS, AND ENCOURAGE OUTSTANDINGSTUDENTS TO PURSUE CAREERS IN MATHEMATICS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Birdson President | 40 | $168,743 | |
Alexander Smith Research Fellow | 40 | $102,500 | |
Maggie Miller Research Fellow | 40 | $102,500 | |
Georgios Moschidis Research Fellow | 40 | $93,333 | |
Antoine Song Research Fellow | 40 | $72,500 | |
Akhil Mathew Research Fellow | 40 | $72,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peter Scholze | 9/29/16 | $71,244 |
East Hill Mgmt Co Llc | 9/29/16 | $91,847 |
Sullivan & Worcester Llp | 9/29/16 | $139,014 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $929,766 |
| Interest on Savings | $3,922 |
| Dividends & Interest | $317,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,381,525 |
| Capital Gain Net Income | $1,381,525 |
| Net ST Capital Gain | $1,381,525 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,778 |
| Total Revenue | $2,634,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $210,743 |
| Other employee salaries and wages | $716,250 |
| Pension plans, employee benefits | $13,688 |
| Interest | $0 |
| Taxes | $125,253 |
| Depreciation | $4,652 |
| Occupancy | $28,118 |
| Travel, conferences, and meetings | $88,979 |
| Printing and publications | $1,074 |
| Other expenses | $456,037 |
| Total operating and administrative expenses | $1,842,640 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,842,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,284 |
| Savings and temporary cash investments | $1,787,762 |
| Net Accounts receivable | $246,800 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $720 |
| Net Investments - land, buildings, equipment | $7,682 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,898,673 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $163,925 |
| Total liabilities | $163,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Mathematics Institute Inc Denver, CO | $34,898,673 | $2,634,084 |
Rocky Mountain Mathematics Consortium Inc Tempe, AZ | $234,642 | $267,944 |
Fractal Foundation Albuquerque, NM | $174,148 | $0 |
American Society For The Communication Of Mathematics Oklahoma City, OK | $1,568 | $0 |
Han Tianmin Foundation Gilbert, AZ | $422,557 | $6,230 |