Pro Mathematica Arte
- Assets
- $4.9m
- Revenue
- $389.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Northfield, MN
- Founding
- 02/1999
- Data as of
- 08/2021
- EIN
- 41-1912690
Organization Overview
Pro Mathematica Arte is located in Northfield, MN. The organization was established in 1999. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 08/2021, Pro Mathematica Arte employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pro Mathematica Arte 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 08/2021, Pro Mathematica Arte generated $389.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $827.2k during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRO MATHEMATICA ARTE RUNS THE BUDAPEST SEMESTERS IN MATHEMATICS PROGRAM (BSM)AND THE BUDAPEST SEMESTERS IN MATHEMATICS EDUCATION PROGRAM (BSME). THE SPECIFIC PURPOSE OF BSM AND BSME IS TO PROMOTE THE STUDY OF MATHEMATICAL SCIENCES (INCLUDING COMPUTER SCIENCE) AND MATHEMATICS EDUCATION THROUGH THE BENEFICIAL EFFECT OF THE INTERNATIONAL AND EDUCATIONAL EXCHANGE AND COOPERATION ON SUCH STUDY. TO SERVE THIS MISSION BSM AND BSME CLOSELY COOPERATE WITH THE HUNGARIAN MATHEMATICS AND MATHEMATICS EDUCATION COMMUNITIES RELYING ON AND SUPPORTING THE DEEP ROOTED TRADITIONS OF EXCELLENCE IN MATHEMATICS EDUCATION AND RESEARCH IN HUNGARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BSM PROGRAM CONSISTED OF THREE SEMESTERS OF STUDY IN MATHEMATICS, THEORETICAL COMPUTER SCIENCE OR MATHEMATICS EDUCATION IN BUDAPEST, HUNGARY. STUDENTS ATTENDED FALL, SPRING AND SUMMER TERMS. WE SERVED 98 STUDENTS IN FALL 2020, 75 STUDENTS IN SPRING 2021 AND 29 STUDENTS IN SUMMER 2021. THE BSME PROGRAM OFFERED THREE SEMESTERS OF STUDY IN MATHEMATICS EDUCATION IN BUDAPEST, HUNGARY. 35 STUDENTS ATTENDED IN FALL 2020, 11 STUDENTS IN SPRING 2021 AND 28 STUDENTS IN SUMMER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Holm President | OfficerTrustee | 6.71 | $16,884 |
Deanna Haunsperger Treasurer | OfficerTrustee | 5.77 | $11,330 |
Bela Bajnok Secretary | OfficerTrustee | 3.46 | $10,927 |
Paul Humke Assistant Tr | OfficerTrustee | 1.57 | $0 |
Kiran Kedlaya Chair | OfficerTrustee | 2.31 | $0 |
Tamas Keleti Vice Chair | OfficerTrustee | 0.77 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,909 |
| Investment income | $60,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $285,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $389,234 |
| 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 | $140,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $39,141 |
| Compensation of current officers, directors, key employees. | $39,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,574 |
| Fees for services: Management | $101,482 |
| Fees for services: Legal | $1,062 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,485 |
| Fees for services: Other | $51,099 |
| Advertising and promotion | $15,011 |
| Office expenses | $9,333 |
| Information technology | $15,429 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,276 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,187 |
| Insurance | $7,265 |
| All other expenses | $1,161 |
| Total functional expenses | $827,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,513 |
| Savings and temporary cash investments | $549,972 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,203 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,221 |
| Investments—publicly traded securities | $4,095,107 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,912,016 |
| Accounts payable and accrued expenses | $24,799 |
| Grants payable | $0 |
| Deferred revenue | $546,401 |
| 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 | $571,200 |
| Net assets without donor restrictions | $4,340,816 |
| Net assets with donor restrictions | $0 |
| 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 | $4,912,016 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Nacel Open Door Inc St Paul, MN | $2,206,707 | $3,226,281 |
Intercultural Student Experiences Minneapolis, MN | $6,707,185 | $540,264 |
Pro Mathematica Arte Northfield, MN | $4,912,016 | $389,234 |
Friends Network St Paul, MN | $29,491 | $318,345 |
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