Math Circles Of Chicago
- Assets
- $409.9k
- Revenue
- $854.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 01/2012
- Data as of
- 06/2024
- EIN
- 45-2071512
Organization Overview
Math Circles Of Chicago is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2024, Math Circles Of Chicago employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Math Circles Of Chicago 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 06/2024, Math Circles Of Chicago generated $854.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $799.8k during the year ending 06/2024. While expenses have increased by 31.0% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MATH CIRCLES OF CHICAGO CREATES OPPORTUNITIES FOR ALL CHILDREN ACROSS CHICAGO TO DEVELOP A PASSION FOR MATHEMATICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE BI-WEEKLY MATH ENRICHMENT PROGRAMS AT 5 HUBS AROUND CHICAGO DURING THE ACADEMIC YEAR, ALONG WITH 25 AFTER SCHOOL PROGRAMS, 5 ONLINE CLASSROOMS, AND PROGRAMS IN 6 HOMELESS SHELTERS. THESE PROGRAMS RAN FROM SEPTEMBER TO MAY, SERVING OVER 900 CHILDREN IN GRADES 5-12. 93% OF PARTICIPATING STUDENTS WERE HIGHLY SATISFIED WITH THESE PROGRAMS.
IN JULY 2023 WE SERVED 400 STUDENTS IN WEEK-LONG ONLINE SUMMER CAMP PROGRAMS, WITH A SATISFACTION RATE OF 90%.
IN DECEMBER 2023 WE HELD OUR ANNUAL MATH SYMPOSIUM, SERVING 135 STUDENTS IN GRADES 5 TO 12, A 29% INCREASE IN PARTICIPANTS OVER THE PREVIOUS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pj Karafiol Chair | OfficerTrustee | 2 | $0 |
Sendhil Revuluri Secretary | OfficerTrustee | 2 | $0 |
Gary Jones Treasurer | OfficerTrustee | 2 | $0 |
Lawrence Tanzman Director | Trustee | 1 | $0 |
Corey Morrison Director | Trustee | 1 | $0 |
Archana Rana Director | Trustee | 1 | $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 | $852,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $852,970 |
| Total Program Service Revenue | $0 |
| Investment income | $911 |
| 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 | $854,681 |
| 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. | $106,923 |
| Compensation of current officers, directors, key employees. | $32,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,586 |
| Pension plan accruals and contributions | $9,115 |
| Other employee benefits | $0 |
| Payroll taxes | $43,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,466 |
| Fees for services: Accounting | $9,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227,204 |
| Advertising and promotion | $14,172 |
| Office expenses | $15,891 |
| Information technology | $6,355 |
| Royalties | $0 |
| Occupancy | $13,522 |
| Travel | $10,046 |
| 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 | $0 |
| Insurance | $15,864 |
| All other expenses | $0 |
| Total functional expenses | $799,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,131 |
| Savings and temporary cash investments | $119,793 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $409,924 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $409,924 |
| 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 | $409,924 |