Mu Alpha Theta Educational Foundation Inc

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 12/2023, Mu Alpha Theta generated $456.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $481.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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 22 SCHOLARSHIPS TO OUTSTANDING MU ALPHA THETA GRADUATING SENIORS IN 2023. 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 WAS AWARDED 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. TWO TEACHERS IN THEIR FIRST TWO YEARS OF TEACHING WERE AWARDED A TOTAL OF 1,200 TO ADVANCE THEIR TEACHING.


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Board, Officers & Key Employees

Name (title)Compensation
Dana Wade
Executive Di
$9,857
Rob Snow
President
$0
Rita Ralph
Past Preside
$0
Dr John Albert
Treasurer
$0
Tom Clymer
Governor Reg
$0
Tonia Crow
Governor Reg
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$10
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$188,062
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$188,072
Total Program Service Revenue$266,018
Investment income $2,309
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 $456,399

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