Pi Mu Epsilon Inc
- Assets
- $530.3k
- Revenue
- $125.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Homewood, AL
- Founding
- 06/1953
- Data as of
- 06/2024
- EIN
- 73-6097105
Organization Overview
Pi Mu Epsilon Inc is located in Homewood, AL. The organization was established in 1953. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Pi Mu Epsilon Inc 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, Pi Mu Epsilon Inc generated $125.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $165.9k during the year ending 06/2024. 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
THE MISSION OF THE SOCIETY, AS STATED IN ARTICLE II OF ITS CONSTITUTION, IS AS FOLLOWS: PI MU EPSILON IS A NON-SECRET ORGANIZATION WHOSE PURPOSE IS THE PROMOTION OF SCHOLARLY ACTIVITY IN MATHEMATICS AMONG STUDENTS AT ACADEMIC INSTITUTIONS. PI MU EPSILON ACCOMPLISHES THIS PURPOSE BY: 1. ELECTING STUDENT MEMBERS ON AN HONORARY BASIS ACCORDING TO THEIR PROFICIENCY IN MATHEMATICS. 2. ENGAGING IN ACTIVITIES DESIGNED TO PROMOTE THE MATHEMATICAL AND SCHOLARLY DEVELOPMENT OF ITS UNDERGRADUATE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REINFORCE STUDENT SCHOLARSHIP AND RESEARCH IN MATHEMATICS THROUGH DIRECT SUPPORT OF STUDENT MEMBERS AT OUR NATIONAL CONFERENCE; $96,653 WAS AWARDED TO STUDENTS TO DEFRAY TRAVEL AND SUBSISTENCE AND COSTS; $5,650 OF SUPPORT WAS USED INDIRECTLY TO SUPPORT STUDENTS AT THE CONFERENCE. THIS INCLUDES SUPPORTING AN INVITED LECTURER, PARTNER COSTS, AND SOME EXHIBITING COSTS.
ENCOURAGEMENT OF STUDENT AUTHORSHIP AND READING OF MATHEMATICAL RESEARCH ARTICLES APPEARING IN THE PI MU EPSILON JOURNAL. $18,987 IN PRODUCTION AND COSTS USED TO PROVIDE ONE-YEAR SUBSCRIPTIONS TO ALL NEW MEMBERS AND SUBSCRIPTIONS AND RENEWALS TO INTERESTED INDIVIDUALS.
FUND MATHEMATICAL CONFERENCES AND PRIZE CONTESTS TO RECOGNIZE OUTSTANDING MATHEMATICS ACHIEVEMENT, PROMOTE UNDERGRADUATE SCHOLARSHIP, AND INCREASE LEVEL OF ACTIVITIES AT THE SOCIETY'S LOCAL CHAPTERS BY GIVING GRANTS TO PARTIALLY FUND LOCAL CONFERENCES, PRIZE/SPEAKER AWARDS, AND INVITED SPEAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Awtrey President | Officer | 10 | $0 |
Tom Wakefield President-Elect | Officer | 10 | $0 |
Frank Patane Secretary-Treasurer | Officer | 10 | $0 |
Brigitte Seratius Journal Editor | Officer | 10 | $0 |
Stephanie Edwards Past-President | Officer | 10 | $0 |
Jennifer Beineke Councilor | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $64,860 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,060 |
| Total Program Service Revenue | $0 |
| Investment income | $3,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,274 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,120 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,420 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $121,290 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,355 |
| 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 | $0 |
| 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 | $5,987 |
| Information technology | $611 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,856 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,630 |
| Total functional expenses | $165,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,610 |
| Savings and temporary cash investments | $216,050 |
| 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 | $311,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $530,278 |
| 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 | $530,278 |
| 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 | $530,278 |