National Museum Of Mathematics
- Assets
- $36.8m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 48
- Location
- New York, NY
- Founding
- 02/2010
- Data as of
- 06/2022
- EIN
- 27-1450809
Organization Overview
National Museum Of Mathematics is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, National Museum Of Mathematics employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Museum Of 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 06/2022, National Museum Of Mathematics generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. 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 OPERATE A MUSEUM OF MATHEMATICS, PUBLIC EXHIBITIONS, INTERACTIVE DISPLAYS, AND EDUCATIONAL PROGRAMS ABOUT MATHEMATICS TO ENHANCE PUBLIC UNDERSTANDING OF MATHEMATICS AND THE IMPORTANCE OF MATHEMATICS IN EVERYDAY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM: MOMATH OPERATED A HANDS-ON MUSEUM FOCUSED ON MATHEMATICS AND FEATURING DOZENS OF INTERACTIVE AND ENGAGING EXHIBITS. THE MUSEUM FULLY RE-OPENED TO THE PUBLIC IN JULY 2021, AFTER A 15-MONTH CLOSURE DUE TO COVID. FAMILIES AND TOURISTS BEGAN RETURNING TO THE MUSEUM IN JULY 2021, WITH SCHOOL GROUPS FOLLOWING IN FALL 2021 AND NUMBERS INCREASING THROUGHOUT THE REMAINDER OF FISCAL 2022.
COMMUNITY: MOMATH OPERATES A NUMBER OF PUBLIC PROGRAMS THAT SERVE THE COMMUNITY BY PROVIDING EXPERIENCES THAT HIGHLIGHT THE EVOLVING, CREATIVE, AND AESTHETIC NATURE OF MATHEMATICS. THESE PROGRAMS ALSO AIM TO SHOW THE MANY UNEXPECTED WAYS THAT MATH APPEARS IN THE WORLD AROUND US AND IMPACTS OUR EVERYDAY LIVES. COMMUNITY PROGRAMS INCLUDE A NUMBER OF MONTHLY PRESENTATIONS SERIES AND A VARIETY OF ONE-OFF PROGRAMS DIRECTED TOWARD PEOPLE OF ALL AGES AND BACKGROUNDS, BOTH IN PERSON AND ONLINE.
TRAVELING EXHIBITION: MATH MIDWAY 2 GO (MM2GO.ORG) IS A SPIN-OFF OF MOMATH'S ORGINAL MATH MIDWAY TRAVELING EXHIBITION. MM2GO CONTINUES TO VISIT SCHOOLS AND FESTIVALS, ILLUSTRATING A WIDE VARIETY OF MATHEMATICAL IDEAS AND PRINCIPLES. IT IS ALSO THE CENTRAL FOCUS OF THE NYC MATH FESTIVAL, WHICH MOMATH RUNS EACH YEAR IN LOWER MANHATTAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Overdeck Trustee / Chair | OfficerTrustee | 3 | $0 |
David Turock Trustee / Vice Chair | OfficerTrustee | 1 | $0 |
Saul Rosenthal Trustee / Secretary | OfficerTrustee | 1 | $0 |
Robert W Jones Trustee/treasurer | OfficerTrustee | 1 | $0 |
Manjul Bhargava Trustee / Visiting Profess | Trustee | 3 | $34,167 |
Peter Carr Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Proskauer Rose Llp Legal Services As Required | 6/29/22 | $180,169 |
Timothy Runion Fundraising Counsel | 6/29/22 | $148,500 |
Geva Patz Consulting Services | 6/29/22 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $187,512 |
| Fundraising events | $1,507,498 |
| Related organizations | $0 |
| Government grants | $31,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,826,765 |
| Noncash contributions included in lines 1a–1f | $37,282 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,553,425 |
| Total Program Service Revenue | $1,272,908 |
| Investment income | $428,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,150 |
| Net Gain/Loss on Asset Sales | $785,846 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $126,176 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,224,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $685,028 |
| Compensation of current officers, directors, key employees. | $143,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,868,863 |
| Pension plan accruals and contributions | $40,247 |
| Other employee benefits | $225,244 |
| Payroll taxes | $177,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,714 |
| Fees for services: Accounting | $44,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $778,808 |
| Advertising and promotion | $60,000 |
| Office expenses | $418,822 |
| Information technology | $148,828 |
| Royalties | $0 |
| Occupancy | $1,259,718 |
| Travel | $68,324 |
| 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 | $1,605,042 |
| Insurance | $83,628 |
| All other expenses | $9,114 |
| Total functional expenses | $7,708,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,852 |
| Savings and temporary cash investments | $13,019,385 |
| Pledges and grants receivable | $2,948,823 |
| Accounts receivable, net | $58,350 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $122,354 |
| Prepaid expenses and deferred charges | $74,344 |
| Net Land, buildings, and equipment | $2,359,184 |
| Investments—publicly traded securities | $16,280,227 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $42,870 |
| Other assets | $1,702,039 |
| Total assets | $36,788,428 |
| Accounts payable and accrued expenses | $390,923 |
| Grants payable | $0 |
| Deferred revenue | $242,421 |
| 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 | $633,344 |
| Net assets without donor restrictions | $30,810,583 |
| Net assets with donor restrictions | $5,344,501 |
| 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 | $36,788,428 |