New York Math Circle INC

Tax-deductible

New York, NY501(c)(3)Since 2009EducationEIN 26-1162539

New york math circle (nymc) is a non-profit organization dedicated to enriching and supplementing mathematical education in new york city. Nymc offers interested students from around new york city an opportunity to grow intellectually and personally through the learning of mathematics and related subjects from exceptional teachers in a challenging but friendly environment. IT encourages and supports the excellent teaching of mathematics through courses for teachers and other programs.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Run by 10 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $11K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
to officers and key staff · 33% of spending
Top officer’s pay higher than 82% of similar orgs
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $49K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$173K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$318K
+19% vs prior year
Spent
$294K
To programs
53%
Net assets
$276K
By yearFY2020–FY2024
Revenue
$318K
FY2024▲ +19%
Revenue by fiscal year
FY2020$434K
FY2021$445K
FY2022$231K
FY2023$241K
FY2024$268K
FY2024$318K
Expenses
$294K
FY2024▼ -1.0%
Expenses by fiscal year
FY2020$345K
FY2021$318K
FY2022$302K
FY2023$304K
FY2024$297K
FY2024$294K
Net assets
$276K
FY2024▲ +10%
Net assets by fiscal year
FY2020$288K
FY2021$415K
FY2022$344K
FY2023$281K
FY2024$252K
FY2024$276K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $155K Management & general 47% · $140K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$98,230Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President and Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kovan Pillai’s $98K as President is at the 82nd percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kovan Pillai$98,230$98,664$77,178$67,977$70,060—
Kovan Pillai—————$67,250

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.

See New York Math Circle INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Enriches math education for NYC students and teachers through engaging courses and programs.

Provided by the organization

This section is blank until New York Math Circle INC claims this page.

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1 program service account for $155K of program spending, described in the organization's own filed words · FY2024.
01

New York Math Circle

Mathematics enrichment classes for high school and middle school students and teachers - during fye 6/30/25, new york math circle held an intensive summer high school program, and 35 weekend and summer courses for students: 4 in the summer, 21 in the fall semester, and 14 in the spring.

$155Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$49K
See all 4 funders →
Grants paid · 1 grant · $18K · 2019–2019
Nyc Math Team INCNY · FY2019$17,702

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$318K
Ln 12
Fees for servicesLn 2g$257K
Gifts and grantsLn 1h$58K
Investment incomeLn 3$3K
Money outPt IX
$294K
Ln 25
Programscol B$155K
Managementcol C$140K
Owns and owesPt X
$276K
net assets · Ln 32
Cash and savingsLn 1–2$447K
Total assetsLn 16$449K
LiabilitiesLn 26$173K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$257K
Investment incomeLn 3$3K
Other incomeLn 4–11$210
Total revenueLn 12$318K
Assets in detailPt X, end of year
CashLn 1$194K
SavingsLn 2$253K
Cash and savings togetherLn 1–2$447K
Total assetsLn 16$449K
LiabilitiesLn 26$173K
Net assetsLn 32$276K
OperationsPt I, VI
EmployeesI 514
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$382K$447K
Total assetsLn 16$383K$449K
LiabilitiesLn 26$131K$173K
Net assetsLn 32$252K$276K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$89K$50K$38K
Other salaries and wagesLn 7$133K$75K$58K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$19K$11K$8K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$4K$2K$2K
Office expensesLn 13$1K$1K$31
Information technologyLn 14$711$711
TravelLn 17$13K$13K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$11K$2K$9K$0
Total functional expensesLn 25$294K$155K$140K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $268K$297K−$29K$252K 990 PDF
FY2023 $241K$304K−$63K$281K 990 PDF
FY2022 $231K$302K−$71K$344K 990 PDF
FY2021 $445K$318K$127K$415K 990 PDF
FY2020 $434K$345K$89K$288K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $318,362 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$57,774
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$57,774
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $257,399 · Unrelated business $0 · Excluded from tax $0$257,399
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,979$2,979
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $210 · Unrelated business $0 · Excluded from tax $0$210
VIII-12 Total revenueRelated to mission $257,609 · Unrelated business $0 · Excluded from tax $2,979$318,362
Part IX · Statement of functional expenses $294,338 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $50,251 · Management $38,424$88,675
IX-7 Other salaries and wagesPrograms $75,387 · Management $57,728$133,115
IX-9 Other employee benefitsManagement $1,733$1,733
IX-10 Payroll taxesPrograms $10,939 · Management $8,306$19,245
IX-11c Accounting feesManagement $14,356$14,356
IX-11g Other fees for servicesManagement $4,207$4,207
IX-12 Advertising and promotionPrograms $2,078 · Management $1,611$3,689
IX-13 Office expensesPrograms $1,297 · Management $31$1,328
IX-14 Information technologyManagement $711$711
IX-17 TravelPrograms $12,737$12,737
IX-23 InsuranceManagement $3,543$3,543
IX-24 Other expenses (24a–d)Programs $1,937 · Management $9,062 · Fundraising $0$10,999
IX-25 Total functional expensesPrograms $154,626 · Management $139,712 · Fundraising $0$294,338
Part X · Balance sheet $448,503 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $382,361$194,399
X-2 Savings and temporary cash investments$252,978
X-9 Prepaid expenses and deferred chargesStart of year $881$1,126
X-16 Total assetsStart of year $383,242$448,503
X-17 Accounts payable and accrued expensesStart of year $6,567$20,100
X-19 Deferred revenueStart of year $124,814$152,518
X-26 Total liabilitiesStart of year $131,381$172,618
X-27 Net assets without donor restrictionsStart of year $251,861$275,885
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $251,861$275,885
X-33 Total liabilities and net assetsStart of year $383,242$448,503
Part XI · Reconciliation of net assets $275,885 net assets at year end
XI-1 Total revenue$318,362
XI-2 Total expenses$294,338
XI-3 Revenue less expenses$24,024
XI-4 Net assets at start of year$251,861
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$275,885

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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