Art Of Problem Solving Initiative Inc, operating under the name Bridge To Enter Advanced Mathematics, is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Bridge To Enter Advanced Mathematics employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge To Enter Advanced Mathematics 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 05/2022, Bridge To Enter Advanced Mathematics generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $5.0m during the year ending 05/2022. While expenses have increased by 30.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN THE INTELLECTUAL LEADERS OF THE NEXT GENERATION (SEE 990, PART III).
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 THREE-WEEK RESIDENTIAL PROGRAM FOR 17 RISING 8TH GRADERS 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 UNDERSERVED STUDENTS ACROSS THE US. WHEN FULLY ROLLED OUT, THE PROGRAM AIMS TO SUPPORT MORE THAN 10,000 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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Daniel Zaharopol Chief Executive Officer | Officer | 40 | $179,109 |
Lynn Cartwright-Punnett Chief Programs Officer | 40 | $120,000 | |
Richard Iandoli Director Of Finance & Admin | Officer | 40 | $118,000 |
Betania Tiburcio Chief Operating Officer | 40 | $115,946 | |
Melissa Gillis Director Of Advancement | 40 | $101,579 | |
Richard Rusczyk President | OfficerTrustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $60,218 |
All other contributions, gifts, grants, and similar amounts not included above | $7,870,735 |
Noncash contributions included in lines 1a–1f | $34,200 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,930,953 |
Total Program Service Revenue | $0 |
Investment income | $4,148 |
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 | $7,944,885 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $22,502 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $613,749 |
Compensation of current officers, directors, key employees. | $82,534 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,444,411 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $145,641 |
Payroll taxes | $281,474 |
Fees for services: Management | $0 |
Fees for services: Legal | $14,437 |
Fees for services: Accounting | $19,689 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $330,878 |
Advertising and promotion | $15,285 |
Office expenses | $375,970 |
Information technology | $157,225 |
Royalties | $0 |
Occupancy | $173,831 |
Travel | $13,442 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,057 |
Insurance | $170,539 |
All other expenses | $0 |
Total functional expenses | $4,977,757 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,079,302 |
Savings and temporary cash investments | $8,259,171 |
Pledges and grants receivable | $1,260,218 |
Accounts receivable, net | $0 |
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 | $37,518 |
Net Land, buildings, and equipment | $13,629 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $11,649,838 |
Accounts payable and accrued expenses | $136,643 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $136,643 |
Net assets without donor restrictions | $6,685,630 |
Net assets with donor restrictions | $4,827,565 |
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 | $11,649,838 |
Over the last fiscal year, Art Of Problem Solving Initiative Inc has awarded $67,192 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
MATHEMATICS FOUNDATION OF AMERICA PURPOSE: MFOA LOST THEIR 501(C)3 STATUS DUE TO FAILURE TO FILE FORM 990. ART OF PROBLEM SOLVING FOUNDATION AGREED TO ACT AS A FISCAL SPONSOR OF THEIR MATHEMATICS PROGRAMS UNTIL 501(C)3 STATUS WAS RESTORED. AS OF APRIL, 2016, MFOA'S 501(C)3 STATUS WAS RETROACTIVELY REINSTATED. ART OF PROBLEM SOLVING FOUNDATION HAD SUBSTANTIAL OVERSIGHT OF THE PROGRAM AND HELD CONTROL UNTIL MFOA'S STATUS WAS REINSTATED | $60,014 |
El Cerrito, CA PURPOSE: THE ART OF PROBLEM SOLVING FOUNDATION RECEIVED FUNDS DONATED FOR THE USE OF THE MATH CIRCLES PROGRAM. BECAUSE AOPS ENDED THEIR MATH CIRCLES PROGRAM, THE LOCAL MATH CIRCLE SET UP ITS OWN 501(C)(3) ORGANIZATION TO RUN THE PROGRAM. AFTER RECEIVING A COPY OF THE LOCAL ORGANIZATION'S 501(C)(3) DETERMINATION LETTER AOPS DONATED TO THEM THE FUNDS ORIGINALLY SET ASIDE FOR THAT MATH CIRCLE PROGRAM. | $7,178 |
Over the last fiscal year, we have identified 10 grants that Art Of Problem Solving Initiative Inc has recieved totaling $617,073.
Awarding Organization | Amount |
---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $400,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $103,397 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Ecmc Foundation Minneapolis, MN PURPOSE: General Support | $20,000 |
Arbor Brothers Inc New York, NY PURPOSE: PROGRAM SUPPORT SERVICES | $20,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $15,608 |
Organization Name | Assets | Revenue |
---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |