Project Megsss Incorporated FY2023 filing

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To discover, attract, inspire, and develop the talents of students in middle school and early high school with interest in mathematics to prepare them for STEM courses, programs, and opportunities as they become our STEM workforce in the next ten years.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$73K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $10K a year · 7% 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$73K
to officers and key staff · 54% of spending
Concern: pay to officers and key staff is 54% of spending; over 30%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $60K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$682
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49K
-79% vs prior year
Spent
$134K
To programs
91%
Net assets
$90K
By yearFY2021–FY2026
Revenue
$49K
FY2023▼ -79%
Tap a bar for its year
Revenue by fiscal year
FY2021$188K
FY2022$235K
FY2023$49K
FY2024$51K
FY2025$135K
FY2026$212K
Expenses
$134K
FY2023-0.2%
Tap a bar for its year
Expenses by fiscal year
FY2021$153K
FY2022$134K
FY2023$134K
FY2024$80K
FY2025$89K
FY2026$222K
Net assets
$90K
FY2023▼ -49%
Tap a bar for its year
Net assets by fiscal year
FY2021$110K
FY2022$175K
FY2023$90K
FY2024$61K
FY2025$108K
FY2026$97K

From the FY2023 Form 990 (year ending May 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jul 1980.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $122K Management & general 7% · $9K Fundraising 2% · $3K

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

12 people listed on the 990; $73K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Previous Executive Director
$22,727Pt VII · Sec A
Director, Teacher Representative
$16,849Pt VII · Sec A
Executive Director
$16,667Pt VII · Sec A
$16,667Pt VII · Sec A
Director, Parent Representative
$0Pt VII · Sec A
President & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Douglas Hunt’s $29K as Director, Teacher Representative is at the 22nd percentile of top reported officer pay among 1613 $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 · 7 named individuals · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Heather Gutting————$6,167$44,646
Carrie Crompton———$22,727$30,816—
Douglas Hunt$29,367$28,100$7,022———
Katina Truman$23,834—————
Harvey Clark——$23,333$16,667——
Warren Clark———$16,849——
Harvey Chiles———$16,667——

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 15aYes

Programs and updates

Nurtures and inspires gifted middle school students in mathematics.

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Provided by the organization

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3 programs · $122K · in their own filed words · FY2022
01

After School Programs

Qualified students have the opportunity to participate in our Elements program, a rigorous, comprehensive math learning experience, which includes a pre-requisite summer program leading to a 3-year series of after-school courses for students in 6th to 8th grade. In 2021-22 we offered classes virtually in the St.

$71Kprogram expense
02

Summer Programs

This is an open program for current 4-7th grade students. We offer challenging mathematics experiences each summer for highly motivated, math-talented students. 21 students participated in 2021-22. Over 5% of students received financial aid awards that averaged 75% of tuition.

$43Kprogram expense
03

Special Programs

During the school year, we offer occasional math workshops or bootcamps to students interested in expanding their math experiences, with no qualification necessary.

$8Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$60K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$49K
Ln 12
Fees for servicesLn 2g$39K
Gifts and grantsLn 1h$10K
Investment incomeLn 3$61
Money outPt IX
$134K
Ln 25
Programscol B$122K
Managementcol C$9K
Fundraisingcol D$3K
Owns and owesPt X
$90K
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$91K
LiabilitiesLn 26$682
PeoplePt VI, VII
12
listed · VII A
PaidVII A4
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$39K
Investment incomeLn 3$61
Total revenueLn 12$49K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$80K
Cash and savings togetherLn 1–2$89K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$198
Total assetsLn 16$91K
LiabilitiesLn 26$682
Net assetsLn 32$90K
OperationsPt I, VI
EmployeesI 57
VolunteersI 69
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$179K$89K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$185K$91K
LiabilitiesLn 26$10K$682
Net assetsLn 32$175K$90K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Pay of current officers, directors and key staffLn 5$35K$29K$3K$2K
Other salaries and wagesLn 7$49K$46K$2K$0
Other employee benefitsLn 9$17$17$0$0
Payroll taxesLn 10$6K$6K$433$132
Management feesLn 11a$3K$2K$255$127
Accounting feesLn 11c$8K$7K$807$404
Advertising and promotionLn 12$8K$8K$0$0
Office expensesLn 13$637$271$271$95
Information technologyLn 14$9K$9K$91$46
OccupancyLn 16$3K$2K$255$128
InsuranceLn 23$5K$4K$480$239
Other expenses (24a–d)Ln 24$5K$5K$100$33
All other expensesLn 24e$2K$892$578$52
Total functional expensesLn 25$134K$122K$9K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $212K$222K−$10K$97K 990 PDF
FY2025 $135K$89K$47K$108K 990 PDF
FY2024 $51K$80K−$29K$61K 990 PDF
FY2023 Viewing $49K$134K−$85K$90K 990 PDF
FY2022 $235K$134K$101K$175K 990 PDF
FY2021 $188K$153K$35K$110K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $49,095 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $185,333$9,674
I-9 Program service revenuePrior year $48,310$39,360
I-10 Investment incomePrior year $1,495$61
I-11 Other revenue$0
I-12 Total revenuePrior year $235,138$49,095
I-13 Grants and similar amounts paidPrior year $4,503$1,650
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $91,703$89,538
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $38,024$42,825
I-18 Total expensesPrior year $134,230$134,013
I-19 Revenue less expensesPrior year $100,908−$84,918
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $49,095 across 5 lines filed
VIII-1f All other contributions, gifts and grants$9,674
VIII-1h Total contributions, gifts and grants$9,674
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$39,360
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $61$61
VIII-12 Total revenueRelated to mission $39,360 · Unrelated business $0 · Excluded from tax $61$49,095
Part IX · Statement of functional expenses $134,013 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $1,650$1,650
IX-5 Pay of current officers, directors and key staffPrograms $29,382 · Management $3,457 · Fundraising $1,712$34,551
IX-7 Other salaries and wagesPrograms $46,335 · Management $2,300 · Fundraising $0$48,635
IX-9 Other employee benefitsPrograms $17 · Management $0 · Fundraising $0$17
IX-10 Payroll taxesPrograms $5,770 · Management $433 · Fundraising $132$6,335
IX-11a Management feesPrograms $2,493 · Management $255 · Fundraising $127$2,875
IX-11c Accounting feesPrograms $6,864 · Management $807 · Fundraising $404$8,075
IX-12 Advertising and promotionPrograms $7,891 · Management $0 · Fundraising $0$7,891
IX-13 Office expensesPrograms $271 · Management $271 · Fundraising $95$637
IX-14 Information technologyPrograms $8,896 · Management $91 · Fundraising $46$9,033
IX-16 OccupancyPrograms $2,199 · Management $255 · Fundraising $128$2,582
IX-23 InsurancePrograms $4,076 · Management $480 · Fundraising $239$4,795
IX-24 Other expenses (24a–d)Programs $5,282 · Management $100 · Fundraising $33$5,415
IX-24e All other expensesPrograms $892 · Management $578 · Fundraising $52$1,522
IX-25 Total functional expensesPrograms $122,018 · Management $9,027 · Fundraising $2,968$134,013
Part X · Balance sheet $90,732 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $94,158$9,480
X-2 Savings and temporary cash investmentsStart of year $84,890$80,001
X-4 Accounts receivableStart of year $3,810$0
X-8 Inventories for sale or useStart of year $1,530$250
X-9 Prepaid expenses and deferred chargesStart of year $779$803
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-15 Other assetsStart of year $198$198
X-16 Total assetsStart of year $185,365$90,732
X-17 Accounts payable and accrued expensesStart of year $1,320$0
X-25 Other liabilitiesStart of year $9,077$682
X-26 Total liabilitiesStart of year $10,397$682
X-27 Net assets without donor restrictionsStart of year $174,968$90,050
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $174,968$90,050
X-33 Total liabilities and net assetsStart of year $185,365$90,732
Part XI · Reconciliation of net assets $90,050 net assets at year end
XI-1 Total revenue$49,095
XI-2 Total expenses$134,013
XI-3 Revenue less expenses−$84,918
XI-4 Net assets at start of year$174,968
XI-10 Net assets at end of year$90,050

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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