Mathcounts Foundation
- Assets
- $6.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 11
- Location
- Alexandria, VA
- Founding
- 08/1986
- Data as of
- 07/2023
- EIN
- 54-1295407
Organization Overview
Mathcounts Foundation is located in Alexandria, VA. The organization was established in 1986. As of 07/2023, Mathcounts Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mathcounts Foundation 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 07/2023, Mathcounts Foundation generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.1m during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mathcounts Foundation has awarded 94 individual grants totaling $797,044. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ENGAGING MATH PROGRAMS FOR US MIDDLE SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATHCOUNTS COMPETITION SERIES AND SUPPORT:MATHCOUNTS CULTIVATES TALENT IN THE NATION'S BRIGHTEST MINDS THROUGH THE MATHCOUNTS COMPETITION SERIES. STUDENTS ARE BROUGHT TOGETHER FROM ALL 50 STATES AT HUNDREDS OF LOCAL IN-PERSON CONTESTS - THE ONLY PROGRAM OF ITS KIND TO DO SO. WINNERS ADVANCE THROUGH 4 LEVELS OF COMPETITION - SCHOOL, CHAPTER, STATE, AND NATIONAL - UNTIL THE OVERALL NATIONAL INDIVIDUAL AND TEAM CHAMPIONS ARE DETERMINED. DUE TO COVID-19, THE 2021 NATIONAL COMPETITION WAS HELD VIRTUALLY ONLINE.
SCHOOL RECRUITMENT, PUBLIC RELATIONS AND NEWSLETTER:MATHCOUNTS CONDUCTS AN EXTENSIVE CAMPAIGN TO SHARE OUR WIDE ARRAY OF EDUCATIONAL RESOURCES TO TEACHERS, SCHOOL ADMINISTRATORS, STUDENTS, AND PARENTS THROUGHOUT THE COUNTRY. THIS CAMPAIGN INCLUDES AN ANNUAL, ONLINE NEWSLETTER AND POSTCARDS THAT ARE DISTRIBUTED TO EVERY MIDDLE SCHOOL IN THE UNITED STATES.
THE NATIONAL MATH CLUB:MATHCOUNTS INSPIRES CURIOSITY AND BUILDS CONFIDENCE IN STUDENTS OF ALL MATH ABILITY LEVELS THROUGH THE NATIONAL MATH CLUB. THE PROGRAM CREATES A SPACE WHERE MATH LEARNING IS FUN, SOCIAL AND SUPPORTIVE, SO THAT EVERY STUDENT BECOMES A LIFELONG MATH LEARNER. ANY INDIVIDUAL CAN SIGN UP TO BE A CLUB LEADER AND RECEIVE FREE MATERIALS TO CONDUCT FUN MATH GAMES WITH THEIR STUDENTS. CLUBS WITH ACTIVE PARTICIPATION RECEIVE EXTRA RECOGNITION AND REWARDS.
MATH VIDEO CHALLENGE:MATH VIDEO CHALLENGE IS A PROJECT-BASED TEAM CONTEST IN WHICH STUDENTS CREATE A VIDEO THAT SHOWS A SOLUTION TO A MATHCOUNTS PROBLEM IN A REAL-WORLD SETTING. TO DETERMINE ADVANCEMENT AND PRIZES, VIDEOS ARE EVALUATED BASED ON 4 CATEGORIES: MATHEMATICAL CONTENT, COMMUNICATION, CREATIVITY AND REAL-WORLD SCENARIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Gray Chair | Trustee | 1 | $0 |
Nancy Blackwell Vice Chair | Trustee | 1 | $0 |
Santanu Das Treasurer | Trustee | 1 | $0 |
Emily Glendinning Immediate Past Chair | Trustee | 1 | $0 |
Joann Acosta Member | Trustee | 1 | $0 |
Abraham El Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Renaissance Washington Dc Downtown Hotel National Competition Hotel And Food | 7/30/23 | $281,499 |
M Squared Audio Visual Provider | 7/30/23 | $124,254 |
Atc Travel Management Transportation/flights For National Comp | 7/30/23 | $109,578 |
Hbp Marketing Llc Printing And Fulfillment | 7/30/23 | $223,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,101 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,475,146 |
| Noncash contributions included in lines 1a–1f | $54,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,481,247 |
| Total Program Service Revenue | $1,088,540 |
| Investment income | $118,033 |
| 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 | $2,687,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $239,107 |
| Grants and other assistance to domestic individuals. | $66,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $257,172 |
| Compensation of current officers, directors, key employees. | $18,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $850,743 |
| Pension plan accruals and contributions | $42,362 |
| Other employee benefits | $85,425 |
| Payroll taxes | $79,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,056 |
| Fees for services: Accounting | $19,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,552 |
| Fees for services: Other | $205,098 |
| Advertising and promotion | $24,835 |
| Office expenses | $347,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,129 |
| Travel | $25,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $167,204 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,294 |
| Insurance | $9,529 |
| All other expenses | $550,046 |
| Total functional expenses | $3,134,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,463,247 |
| Savings and temporary cash investments | $330,144 |
| Pledges and grants receivable | $843,856 |
| Accounts receivable, net | $7,398 |
| 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 | $37,757 |
| Net Land, buildings, and equipment | $136,756 |
| Investments—publicly traded securities | $3,338,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,157,589 |
| Accounts payable and accrued expenses | $94,649 |
| Grants payable | $466,729 |
| Deferred revenue | $25,087 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $106,300 |
| 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 | $692,765 |
| Net assets without donor restrictions | $4,237,824 |
| Net assets with donor restrictions | $1,227,000 |
| 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 | $6,157,589 |
Grants Awarded
Over the last fiscal year, Mathcounts Foundation has awarded $64,650 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE CALIFORNIA SOCIETY OF PROFESSIONAL ENGINEERS EDUCATION FOUNDATION PURPOSE: State Registration Fee Reimbursements | $14,160 |
FLORIDA ENGINEERING FOUNDATION PURPOSE: State Registration Fee Reimbursements | $8,755 |
ILLINOIS ENGINEERING FOUNDATION PURPOSE: State Registration Fee Reimbursements | $5,995 |
FOUNDATION FOR ENGINEERING EDUCATION INC PURPOSE: State Registration Fee Reimbursements | $6,275 |
PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION PURPOSE: State Registration Fee Reimbursements | $6,175 |
ENGINEERS FOUNDATION OF OHIO PURPOSE: State Registration Fee Reimbursements | $6,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Alice Aycock Poe Center For Health Education Raleigh, NC | $3,625,016 | $3,715,103 |
Mathcounts Foundation Alexandria, VA | $6,157,589 | $2,687,820 |
National History Day College Park, MD | $6,736,373 | $3,183,558 |
Kentucky Association For Academic Competition Inc Frankfort, KY | $1,099,823 | $766,555 |
Professional Engineers Of North Carolina-Educational Foundation Cary, NC | $607,142 | $50,147 |