Comap INC EIN 04-2721935

Comap INC FY2023 filing

EIN  04-2721935 Public charity (501(c)(3)) Bedford, MA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/27/26 · see original filing: IRS
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Size
$1–10M
What they do
Improves math education by creating environments where students use math to model real-world issues.
Leadership
Solomon Garfunkel · Executive Director · $339K
Money in and out
$3.0M revenue, $3.2M expenses
Bottom line
68% program efficiency

Improves math education by creating environments where students use math to model real-world issues. For fiscal year 2023 it reported $3.0M in revenue, $3.2M in expenses, and $5.4M in net assets.Pt I

Where the money goes · FY2023
Total revenue
$3.0M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$5.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$228K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs
Operating runway
22.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$3.0M
FY2023▼ -10%
Expenses
$3.2M
FY2023▲ +10%
Total assets
$6.2M
FY2023▲ +3%
Total liabilities
$793K
FY2023▼ -14%
Total revenue
$3.0M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$5.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$228K
Total assetsPt X · Ln 16$6.2M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $2.0M of program spending, described in the organization's own filed words · FY2023.
01

Contests (modeling Contest in Math)

The organization runs several international contests for students, each providing opportunities for teams of students to collaborate on an open ended mathematical modeling problem. These competitions attract 90,000 team entries annually from around the world.

$1.5Mprogram expense
02

Public information, dissemination and outreach sales and marketing efforts which focus on promoting mathematics and its applications through website - social media, and outreach at conferences.

$349Kprogram expense
03

Special Projects

Cim (certificate in modeling): comap is funding research and development activity focused on the production of two certificate programs, one for educators and one for industry professionals. The purpose is to create professional development opportunities for people to gain a better understanding of mathematical modeling.

$91Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CComap INC
EINHdr · item D04-2721935
Principal addressHdr · item CBedford, MA
WebsiteHdr · item Jwww.comap.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1981

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$338,694Pt VII · Sec A
$140,117Pt VII · Sec A
Director of IT/Contest Coordinator
$118,457Pt VII · Sec A
Sales/Marketing Employee
$115,201Pt VII · Sec A
Director of Finance
$104,227Pt VII · Sec A
Director of Education
$96,349Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Solomon Garfunkel$338,694$279,949$290,269$269,481
Catherine Roberts$322,137$140,117
Laurie Aragon$267,677$217,892
Komal Patel$157,442$104,227
Paul Kehle$96,349$144,069
John Tomicek$124,485$118,457$108,727$110,207
Karen Kashian$120,425$107,055
Rafael Aragon$115,201$108,025$116,803$100,339

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$2.8M · 93%
Investment income$188K · 6%
Program service revenue93%$2.8M
Investment income6%$188K
Contributions & grants$750
Other revenue$15K
Total revenueLn 12$3.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$2.2M
Management & general32%$1.0M
Total functional expensesLn 25$3.2M

Balance Sheet

Part X · end of year
CashLn 1$672K
Total assetsLn 16$6.2M
Total liabilitiesLn 26$793K
Total net assetsLn 32$5.4M
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.9M · Operating expenses/yr $3.2M
22.3 months
Where the money goes
Program services
Program services $2.2M · Total expenses $3.2M
68%
Management & General
Management & general $1.0M · Total expenses $3.2M
32%
Fundraising
Fundraising $0 · Total expenses $3.2M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $22K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $750 · Total revenue $3.0M
0%
Government reliance
Government grants — · Total revenue $3.0M
Earned-income share
Program service revenue $2.8M · Total revenue $3.0M
93%
Investment reliance
Investment income $188K · Total revenue $3.0M
+6%
Program self-sufficiency
Program service revenue $2.8M · Total expenses $3.2M
86%
Growth & trend
Revenue growth (YoY)
This year $3.0M · Prior year $3.3M
-10%
Net-asset trend (YoY)
End of year $5.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.0M · Expenses $3.2M
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $6.2M
Net-asset ratio
Net assets $5.4M · Total assets $6.2M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.2M
85%
People & payroll
Highest Reported Total Compensation
Individual Solomon Garfunkel · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $339K · Total expenses $3.2M
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.3M · Total expenses $3.2M
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth -10%
Investment management fee ratio 1%
Legal fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $20K · 2023–2024
Unitemized GrantFY2024$10,000
Unitemized GrantFY2023$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$3.6M revenue · ⤓ 990 PDF
FY2023$3.0M revenue · viewing · ⤓ 990 PDF
FY2022$3.3M revenue · ⤓ 990 PDF
FY2021$3.2M revenue · ⤓ 990 PDF
FY2020$2.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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