Pro Mathematica Arte

Tax-deductible

Northfield, MN501(c)(3)InternationalEIN 41-1912690Revenue $2.0M in FY2025

On file with the IRSbudapestsemesters.comPo Box 347, 55057-0347 · Northfield, MNTax-exempt since Feb 1999Publicly supported — 509(a)(2)

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Pro Mathematica Arte runs the budapest semesters in mathematics program (bsm)and the budapest semesters in mathematics education program (bsme). The specific purpose of bsm and bsme is to promote the study of mathematical sciences (including computer science) and mathematics education through the beneficial effect of the international and educational exchange and cooperation on such study. To serve this mission bsm and bsme closely cooperate with the hungarian mathematics and mathematics education communities relying on and supporting the deep rooted traditions of excellence in mathematics education and research in hungary.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$35K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $23K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 2% of spending
Top officer’s pay lower than 99% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$812K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 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
$2.0M
-1.0% vs prior year
Spent
$2.0M
To programs
81%
Net assets
$5.1M
By yearFY2020–FY2025
Revenue
$2.0M
FY2025▼ -1.0%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$389K
FY2022$1.6M
FY2023$1.5M
FY2024$2.0M
FY2025$2.0M
Expenses
$2.0M
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$827K
FY2022$1.3M
FY2023$1.5M
FY2024$2.1M
FY2025$2.0M
Net assets
$5.1M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1M
FY2021$4.3M
FY2022$3.9M
FY2023$4.0M
FY2024$4.6M
FY2025$5.1M

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1999.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.6M Management & general 19% · $373K

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

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Who runs it and what they're paid

10 people listed on the 990; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$16,500Pt VII · Sec A
Secretary
$13,200Pt VII · Sec A
$5,600Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Deanna Haunsperger’s $16K as Treasurer is at the 1st percentile of top reported officer pay among 1168 $1–10M international 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tara Holm—$25,300$20,464$17,391$16,884$21,392
Deanna Haunsperger$16,500$16,500$13,890$11,670$11,330$11,000
Bela Bajnok$13,200$13,200$11,751$11,255$10,927$10,609
Kiran Kedlaya$5,600$5,600$3,333———

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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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 15aNo

Programs and updates

Promotes math and math education study through international exchange and cooperation.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2024
01

In the fiscal year ending august 31, 2025, the BSM program held three semesters of study in mathematics in budapest, hungary. We served 55 students in fall 2024, 61 students in spring of 2025, and 45 students in the summer of 2025.

$1.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $65K · 2019–2021
Girls Angle INCMA · FY2021$15,000
Mathematical Assoc of AmericaFY2019$50,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$203K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$373K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$5.9M
LiabilitiesLn 26$812K
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$203K
Gains on assetsLn 7$126K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$163K
SavingsLn 2$875K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$4.9M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$5.9M
LiabilitiesLn 26$812K
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 57
Fiscal year endsHeaderAugust
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 FY25End FY25
Cash and savingsLn 1–2$1.2M$1.0M
InvestmentsLn 11–13$4.3M$4.9M
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$5.5M$5.9M
LiabilitiesLn 26$863K$812K
Net assetsLn 32$4.6M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$157K$157K
Other salaries and wagesLn 7$137K$137K
Payroll taxesLn 10$11K$11K
Management feesLn 11a$92K$92K
Legal feesLn 11b$436$436
Accounting feesLn 11c$19K$19K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$132K$107K$25K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$9K$2K$7K
Information technologyLn 14$3K$3K
TravelLn 17$48K$18K$30K
Conferences, conventions and meetingsLn 19$16K$16K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$1.3M$1.3M$4K
All other expensesLn 24e$9K$9K$505
Total functional expensesLn 25$2.0M$1.6M$373K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$2.0M$42K$5.1M 990 PDF
FY2024 $2.0M$2.1M−$92K$4.6M 990 PDF
FY2023 $1.5M$1.5M−$51K$4.0M 990 PDF
FY2022 $1.6M$1.3M$269K$3.9M 990 PDF
FY2021 $389K$827K−$438K$4.3M 990 PDF
FY2020 $1.9M$1.8M$135K$4.1M 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 FY2025 990 (6 parts)
Part I · Summary $1,995,618 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,830,554$1,792,496
I-10 Investment incomePrior year $184,205$203,122
I-11 Other revenue$0
I-12 Total revenuePrior year $2,014,759$1,995,618
I-13 Grants and similar amounts paidPrior year $142,943$157,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $122,652$147,617
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,841,401$1,648,724
I-18 Total expensesPrior year $2,106,996$1,953,341
I-19 Revenue less expensesPrior year −$92,237$42,277
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,995,618 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,792,496$1,792,496
VIII-3 Investment incomeExcluded from tax $76,781$76,781
VIII-7 Net gain or loss on sales of assetsRelated to mission −$3,154 · Excluded from tax $129,495$126,341
VIII-12 Total revenueRelated to mission $1,789,342 · Excluded from tax $206,276$1,995,618
Part IX · Statement of functional expenses $1,953,341 across 17 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $157,000$157,000
IX-7 Other salaries and wagesManagement $137,108$137,108
IX-10 Payroll taxesManagement $10,509$10,509
IX-11a Management feesManagement $91,546$91,546
IX-11b Legal feesManagement $436$436
IX-11c Accounting feesManagement $19,200$19,200
IX-11f Investment management feesManagement $5,018$5,018
IX-11g Other fees for servicesPrograms $106,755 · Management $24,878$131,633
IX-12 Advertising and promotionManagement $16,159$16,159
IX-13 Office expensesPrograms $1,788 · Management $6,848$8,636
IX-14 Information technologyManagement $2,601$2,601
IX-17 TravelPrograms $18,474 · Management $29,776$48,250
IX-19 Conferences, conventions and meetingsManagement $15,759$15,759
IX-22 Depreciation, depletion and amortizationPrograms $1,528$1,528
IX-23 InsuranceManagement $8,180$8,180
IX-24 Other expenses (24a–d)Programs $1,286,411 · Management $4,322$1,290,733
IX-24e All other expensesPrograms $8,540 · Management $505$9,045
IX-25 Total functional expensesPrograms $1,580,496 · Management $372,845 · Fundraising $0$1,953,341
Part X · Balance sheet $5,908,021 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $250,568$163,388
X-2 Savings and temporary cash investmentsStart of year $914,376$874,901
X-10c Land, buildings and equipment, netStart of year $2,752$2,956
X-11 Publicly traded securitiesStart of year $4,298,162$4,866,776
X-16 Total assetsStart of year $5,465,858$5,908,021
X-17 Accounts payable and accrued expensesStart of year $15,609$8,487
X-19 Deferred revenueStart of year $847,365$803,280
X-26 Total liabilitiesStart of year $862,974$811,767
X-27 Net assets without donor restrictionsStart of year $4,602,884$5,096,254
X-32 Total net assets or fund balancesStart of year $4,602,884$5,096,254
X-33 Total liabilities and net assetsStart of year $5,465,858$5,908,021
Part XI · Reconciliation of net assets $5,096,254 net assets at year end
XI-1 Total revenue$1,995,618
XI-2 Total expenses$1,953,341
XI-3 Revenue less expenses$42,277
XI-4 Net assets at start of year$4,602,884
XI-5 Net unrealized gains (losses) on investments$451,093
XI-10 Net assets at end of year$5,096,254

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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