Mu Alpha Theta Educational Foundation Inc
- Assets
- $279.9k
- Revenue
- $231.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 73-1506789
Organization Overview
Mu Alpha Theta Educational Foundation Inc, operating under the name Mu Alpha Theta, is located in Norman, OK. The organization was established in 1997. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mu Alpha Theta 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 12/2021, Mu Alpha Theta generated $231.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $252.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 7 years. 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
THE ORGANIZATION SUPPORTS ITS MEMBERS, SPONSORS, AND CHAPTERS WITH SCHOLARSHIPS, AWARDS, AND GRANTS. EACH SUMMER, THE FOUNDATION HOLDS A NATIONAL CONVENTION DURING WHICH MEMBERS SPEND FOUR DAYS COMPETING FOR THE HIGHEST SCORES ON MATH TESTS, PRACTICING THEIR PUBLIC SPEAKING AND TEACHING SKILLS VIA MATH "CHALK TALKS", ATTENDING MATH SPEAKER SESSIONS, NETWORKING WITH OTHER MEMBERS AND MATHEMATICIANS, AND TAKING A FIELD TRIP TO A LOCAL ATTRACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION - TYPICALLY, EVERY JULY, AROUND 700 MU ALPHA THETA MEMBERS, SPONSORS, AND CHAPERONES MEET FOR FIVE DAYS TO PARTICIPATE IN THREE ROUNDS OF MATHEMATICS TOPIC TESTS INCLUDING: ANALYTIC GEOMETRY, LIMITS/DERIVATIVES, STATISTICS, NUMBER THEORY, AND MANY OTHERS. STUDENTS TAKE INDIVIDUAL TESTS OVER MULTIPLE MATH TOPICS. THERE ARE TEAM MATH CONTESTS, SPEED AND MENTAL MATH TESTS, AND A MATH-THEMED POSTER DESIGN CONTEST. SOME STUDENTS PREPARE A MATH "CHALK TALK" TO PRESENT TO AN AUDIENCE ON A SELECTED MATH TOPIC. STUDENTS ATTEND SPEAKER SESSIONS PRESENTED BY MATHEMATICIANS. THE NATIONAL CONVENTION ALLOWS STUDENTS WHO LOVE MATH TO INTERACT WITH LIKE-MINDED PEERS. MANY OF THE PARTICPANTS AT THE NATIONAL CONVENTION CONTINUE TO STUDY MATHEMATICS IN COLLEGE DUE TO AN ENJOYMENT OF MATH FOSTERED IN PART BY PARTICIPATING IN MU ALPHA THETA COMPETITIONS, INCLUDING THE NATIONAL CONVENTION.
SUPPORT THE NATIONAL HIGH SCHOOL & TWO-YEAR COLLEGE MATHEMATICS HONOR SOCIETYS MISSION - THE MU ALPHA THETA EDUCATIONAL FOUNDATION HELPED TO FURTHER THE GOALS OF MU ALPHA THETA BY FUNDING GRANTS, AWARDS, AND SCHOLARSHIPS TO ITS MEMBERS, SPONSORS (TEACHERS), AND CHAPTERS. THESE GRANTS, AWARDS, AND SCHOLARSHIPS RELIEVED SOME OF THE FINANCIAL BURDEN OF ATTENDING COLLEGE FOR MEMBERS, HELPED NEW TEACHERS PURCHASE MATH SUPPLIES FOR THEIR CLASSROOMS SO THEY COULD CONFER THE ENJOYMENT OF MATHEMATICS ON THEIR STUDENTS, AND FUNDED RECOGNITION AWARDS TO SUPERIOR SPONSORS AND THEIR SCHOOLS. ADDITIONALLY, THE FOUNDATION'S FUNDS WERE USED TO PURCHASE HONOR CORDS, STOLES, AND TASSELS THAT IN TURN GENERATE INCOME FOR THE FOUNDATION AND SUPPORT ITS ADMINISTRATIVE COSTS. SUPPLIES THAT WERE DONATED TO THE FOUNDATION WERE PROVIDED TO MU ALPHA THETA CHAPTERS AND MEMBERS.
SCHOLARSHIPS, GRANTS, AWARDS & PRIZES - ACADEMIC SCHOLARSHIPS - THE EDUCATIONAL FOUNDATION AWARDED 18 SCHOLARSHIPS TO OUTSTANDING MU ALPHA THETA GRADUATING SENIORS IN 2021. SCHOLARSHIPS WERE AWARDED TO ACTIVE MEMBERS WHO WERE JUDGED TO BE OUTSTANDING MATHEMATICS STUDENTS AND WHO HAVE SHOWN LOYALTY AND ENTHUSIASTIC DEDICATION TO THEIR MU ALPHA THETA CHAPTERS WITH EVIDENCE OF COMMUNITY SERVICE IN MATHEMATICS. THE TOP AWARDEES RECEIVED 5,000 SCHOLARSHIPS. ALL OTHER RECIPIENTS RECEIVED 4,000 SCHOLARSHIPS. SCHOLARSHIPS WERE PAID DIRECTLY TO THE STUDENTS' COLLEGES TO HELP PAY FOR TUITION AND FEES OR WERE AWARDED AS CASH STIPENDS TO THE STUDENTS. AWARDS - THE EDUCATIONAL FOUNDATION GAVE AWARDS TO OUTSTANDING CHAPTERS, SPONSORS, AND STUDENTS. SPONSOR RECEIVED A 1,000 CASH AWARD FOR THEIR EXEMPLARY SERVICE. ONE AWARD OF 2,500 WAS PRESENTED TO A MEMBER WHO IS STUDYING TO BECOME A MATHEMATICS EDUCATOR. FOUR TEACHERS IN THEIR FIRST TWO YEARS OF TEACHING WERE AWARDED A TOTAL OF 5,600 TO ADVANCE THEIR TEACHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Pai Executive Di | Officer | 15 | $8,581 |
Rita Ralph President | OfficerTrustee | 1 | $0 |
Dr John Albert Treasurer | OfficerTrustee | 2 | $0 |
Lisa Herron Past Preside | OfficerTrustee | 1 | $0 |
Tom Clymer Governor Reg | Trustee | 1 | $0 |
Tonia Crow Governor Reg | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $37,665 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,204 |
| Total Program Service Revenue | $24,390 |
| Investment income | $1,443 |
| 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 | $231,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $83,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,581 |
| Compensation of current officers, directors, key employees. | $4,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $3,000 |
| 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 | $38,599 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $252,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,177 |
| Savings and temporary cash investments | $50,457 |
| 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 | $52,153 |
| 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 | $8,138 |
| Total assets | $279,925 |
| 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 | $0 |
| 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 | $279,925 |
| Total liabilities and net assets/fund balances | $279,925 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mu Alpha Theta Educational Foundation Inc has recieved totaling $5,065.
| Awarding Organization | Amount |
|---|---|
Bruck Family Foundation Inc Tampa, FL PURPOSE: SCHOLARSHIP | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
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