Math Corps
- Assets
- $996.9k
- Revenue
- $934.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Birmingham, MI
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-4958844
Organization Overview
Math Corps is located in Birmingham, MI. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Math Corps employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Math Corps 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 12/2022, Math Corps generated $934.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $673.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Math Corps has awarded 12 individual grants totaling $1,185,614. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MATH CORPS IS TO EMPOWER AND INSPIRE CHILDREN FROM UNDER-SERVED COMMUNITIES - THROUGH THE TEACHING OF MATHEMATICS AND THE FOSTERING OF SELF-WORTH, STRONG VALUES AND A SENSE OF FAMILY - TO BUILD GOOD LIVES FOR THEMSELVES AND A MORE JUST SOCIETY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED AND RAISED FUNDS FOR MATH CORPS PROGRAMS WHICH ARE ADMINISTERED AT VARIOUS UNIVERSITIES INCLUDING WAYNE STATE UNIVERSITY, UNIVERSITY OF TOLEDO, UNIVERSITY OF MICHIGAN, CLEVELAND STATE UNIVERSITY AND DREXEL UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Acheson Board Chair And Secretary | OfficerTrustee | 10 | $0 |
Dr Steven Kahn PHD CEO And President | OfficerTrustee | 20 | $0 |
Kevin Broderick Director | Trustee | 1 | $0 |
Mark Zausmer Director | Trustee | 1 | $0 |
Rudy Hobbs Director | Trustee | 1 | $0 |
Vicki Richardson 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 | $934,672 |
| Noncash contributions included in lines 1a–1f | $9,341 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $934,672 |
| Total Program Service Revenue | $0 |
| Investment income | $209 |
| 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 | $934,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $374,000 |
| 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. | $149,608 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $767 |
| Advertising and promotion | $12,657 |
| Office expenses | $2,678 |
| Information technology | $365 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,075 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,067 |
| All other expenses | $0 |
| Total functional expenses | $673,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,935 |
| Savings and temporary cash investments | $529,620 |
| Pledges and grants receivable | $80,000 |
| Accounts receivable, net | $5,320 |
| 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 | $996,875 |
| 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 | $643,183 |
| Net assets with donor restrictions | $353,692 |
| 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 | $996,875 |
Grants Awarded
Over the last fiscal year, Math Corps has awarded $374,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DREXEL UNIVERSITY PURPOSE: 2022 SUMMER PROGRAM | $80,000 |
CLEVELAND STATE UNIVERSITY PURPOSE: 2022 SUMMER CAMP | $25,000 |
WAYNE STATE UNIVERSITY PURPOSE: 2022 PERSONNEL AND OTHER | $235,000 |
THE REGENTS OF THE UNIVERSITY OF MICHIGAN PURPOSE: SUMMER CAMP 2022 | $14,000 |
UNIVERSITY OF TOLEDO FOUNDATION PURPOSE: SUMMER CAMP 2022 | $20,000 |