Math Circles Of Chicago
- Assets
- $347.7k
- Revenue
- $518.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Chicago, IL
- Founding
- 01/2012
- Data as of
- 06/2022
- 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 06/2022, Math Circles Of Chicago employed 3 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 06/2022, Math Circles Of Chicago generated $518.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $404.6k during the year ending 06/2022. While expenses have increased by 35.8% per year over the past 5 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
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 7 HUBS AROUND CHICAGO DURING THE ACADEMIC YEAR, ALONG WITH 20 AFTER SCHOOL PROGRAMS, 5 ONLINE CLASSROOMS, AND PROGRAMS IN 6 HOMELESS SHELTERS. THESE PROGRAMS RAN FROM SEPTEMBER TO MAY, SERVING OVER 600 CHILDREN IN GRADES 5-12. 96% OF PARTICIPATING STUDENTS WERE HIGHLY SATISFIED WITH THESE PROGRAMS.
IN JULY 2021 WE SERVED 150 STUDENTS IN WEEK-LONG ONLINE SUMMER CAMP PROGRAMS, WITH A SATISFACTION RATE OF 91%.
IN DECEMBER 2021 WE HELD OUR ANNUAL MATH SYMPOSIUM. THE SYMPOSIUM WAS HELD IN PERSON (AFTER BEING ONLINE IN 2020), AND 105 STUDENTS IN GRADES 5 TO 12 PRESENTED THEIR ORIGINAL MATH RESEARCH, A 156% INCREASE IN PARTICIPATION OVER THE PREVIOUS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas O'roark Executive Director | Officer | 40 | $95,252 |
Pj Karafiol Chair | OfficerTrustee | 2 | $0 |
Sendhil Revuluri Secretary | OfficerTrustee | 2 | $0 |
Gary Jones Treasurer | OfficerTrustee | 2 | $0 |
Lawrence Tanzman Director | Trustee | 1 | $0 |
Ann Turner 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 | $518,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,881 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $518,881 |
| 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. | $100,284 |
| Compensation of current officers, directors, key employees. | $30,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,497 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $425 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $192,736 |
| Advertising and promotion | $4,990 |
| Office expenses | $8,991 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,290 |
| Travel | $3,856 |
| 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 | $3,690 |
| All other expenses | $0 |
| Total functional expenses | $404,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,723 |
| Savings and temporary cash investments | $0 |
| 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 | $347,723 |
| 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 | $347,723 |
| 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 | $347,723 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Math Circles Of Chicago has recieved totaling $256,773.
| Awarding Organization | Amount |
|---|---|
Foley Family Foundation Chicago, IL PURPOSE: EDUCATION | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $35,071 |
The Brinson Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT AND PDTA | $33,000 |
The Brinson Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $30,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $21,273 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $21,273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp St Louis St Louis, MO | $47,986,833 | $42,773,078 |
Iowa Donor Network North Liberty, IA | $39,614,924 | $35,703,085 |
Wellpoint Care Network Inc Milwaukee, WI | $8,696,347 | $28,630,570 |
Woodward Youth Corporation Woodward, IA | $6,374,013 | $25,268,723 |
Ray Graham Association For People With Disabilities Lisle, IL | $24,978,947 | $22,746,228 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Zakat Foundation Of America Worth, IL | $10,176,762 | $13,348,196 |
Art Of Living Foundation Fairfield, IA | $25,087,396 | $11,765,416 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Horizon House Of Illinois Valley Inc Peru, IL | $4,828,429 | $7,447,824 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |