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Prime Factor EIN 27-3292905

Prime Factor FY2022 filing

EIN  27-3292905 Public charity (501(c)(3)) Kirkland, WA Founded 2010
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Inspires students with advanced math and science beyond school, making complex ideas accessible and preparing them for future careers.
Leadership
Luba Malkina · Lead Teacher · $46K
Money in and out
$322K revenue, $304K expenses
Bottom line
86% program efficiency

Inspires students with advanced math and science beyond school, making complex ideas accessible and preparing them for future careers. For fiscal year 2022 it reported $322K in revenue, $304K in expenses, and $105K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$322K
Pt VIII · Ln 12
Total expenses
$304K
Pt IX · Ln 25
Net assets
$105K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs
Operating runway
3.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$322K
FY2022▲ +19%
Expenses
$304K
FY2022▲ +13%
Total assets
$105K
FY2022▲ +16%
Total liabilities
$0
FY2022
Total revenue
$322K
Pt VIII · Ln 12
Total expenses
$304K
Pt IX · Ln 25
Net assets
$105K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$105K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $261K of program spending, described in the organization's own filed words · FY2021.
01

During the 2021-22 school year, Prime Factor achieved several milestones as a nonprofit organization. We served over 300 students by providing year-long STEM classes in mathematics and computer science.

$261Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPrime Factor
EINHdr · item D27-3292905
Principal addressHdr · item CKirkland, WA
WebsiteHdr · item Jwww.pfmathcircle.org
Year of formationHdr · item L2010
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMay 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Luba Malkina
Lead Teacher
$46,339Pt VII · Sec A
Anna Burago
Lead Teacher
$40,020Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Nelli Tkach
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Lioubov Malkina’s $40K as Lead Teacher is at the 31st percentile of top reported officer pay among 1616 $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 · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Luba Malkina———$46,339$40,868$34,784
Luba Malkina——$44,321———
Anna Burago———$40,020$32,463$39,585
Lioubov Malkina$39,938$39,871————
Anna Burago$24,030$33,930$33,840———
Andrei Burago$15,620$17,430————

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$319K · 99%
Contributions & grants$3K · 1%
Program service revenue99%$319K
Contributions & grants1%$3K
Total revenueLn 12$322K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$261K
Management & general14%$43K
Total functional expensesLn 25$304K

Balance Sheet

Part X · end of year
CashLn 1$99K
Total assetsLn 16$105K
Total liabilitiesLn 26$0
Total net assetsLn 32$105K
Months of cash on handcomputed3.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $99K · Operating expenses/yr $304K
3.9 months
Where the money goes
Program services
Program services $261K · Total expenses $304K
86%
Management & General
Management & general $43K · Total expenses $304K
14%
Fundraising
Fundraising $0 · Total expenses $304K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $4K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3K · Total revenue $322K
1%
Government reliance
Government grants — · Total revenue $322K
—
Earned-income share
Program service revenue $319K · Total revenue $322K
99%
Investment reliance
Investment income $0 · Total revenue $322K
0%
Program self-sufficiency
Program service revenue $319K · Total expenses $304K
105%
Growth & trend
Revenue growth (YoY)
This year $322K · Prior year $270K
+19%
Net-asset trend (YoY)
End of year $105K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $322K · Expenses $304K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $105K
—
Net-asset ratio
Net assets $105K · Total assets $105K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $105K
0%
People & payroll
Highest Reported Total Compensation
Individual Luba Malkina · Reported title Lead Teacher · Highest reported compensation $46K · Total expenses $304K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $168K · Total expenses $304K
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 14%——
Fundraising cost ratio 0%——
Revenue growth 19%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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 · funders on record
Grants received · FY2023
American Online Giving Foundation INCFY2023$6K
Total grants receivedfrom 1 funder$6K

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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$345K revenue · ⤓ 990 PDF
FY2023$312K revenue · ⤓ 990 PDF
FY2022$322K revenue · viewing · ⤓ 990 PDF
FY2021$270K revenue · ⤓ 990 PDF
FY2020$319K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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