Altus Math EIN 45-3185330

Altus Math FY2022 filing

EIN  45-3185330 Public charity (501(c)(3)) Irvine, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Runs a summer math camp for gifted students showing high promise.
Leadership
George Thomas · Secretary · $25K
Money in and out
$453K revenue, $312K expenses
Bottom line
100% program efficiency

Runs a summer math camp for gifted students showing high promise. For fiscal year 2022 it reported $453K in revenue, $312K in expenses, and $178K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$453K
Pt VIII · Ln 12
Total expenses
$312K
Pt IX · Ln 25
Net assets
$178K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $142K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
7.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+31%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$453K
FY2022▲ +283%
Expenses
$312K
FY2022▲ +239%
Total assets
$209K
FY2022▲ +261%
Total liabilities
$30K
FY2022▲ +45%
Total revenue
$453K
Pt VIII · Ln 12
Total expenses
$312K
Pt IX · Ln 25
Net assets
$178K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$142K
Total assetsPt X · Ln 16$209K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $312K of program spending, described in the organization's own filed words · FY2022.
01

To operate a summer math camp for gifted students

$312Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAltus Math
EINHdr · item D45-3185330
Principal addressHdr · item CIrvine, CA
WebsiteHdr · item Jwww.epsiloncamp.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N20)
Ruling yearIRS BMFMay 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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
Secretary
$25,000Pt VII · Sec A
Director
$9,500Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Sara White’s $20K as Director is at the 37th percentile of top reported officer pay among 1018 $100K–1M recreation & sports 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

NameFY2024FY2023FY2022FY2021FY2020
George Thomas$3,000$31,541$25,000$28,000$4,500
Sara White$20,000$22,500
Csaba Biro$9,500
Sheila Talwar$2,000

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$353K · 78%
Contributions & grants$101K · 22%
Program service revenue78%$353K
Contributions & grants22%$101K
Investment income$11
Total revenueLn 12$453K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$312K
Total functional expensesLn 25$312K

Balance Sheet

Part X · end of year
CashLn 1$205K
Total assetsLn 16$209K
Total liabilitiesLn 26$30K
Total net assetsLn 32$178K
Months of cash on handcomputed7.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $206K · Operating expenses/yr $312K
7.9 months
Where the money goes
Program services
Program services $312K · Total expenses $312K
100%
Management & General
Management & general $0 · Total expenses $312K
0%
Fundraising
Fundraising $0 · Total expenses $312K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $40K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $101K · Total revenue $453K
22%
Government reliance
Government grants — · Total revenue $453K
Earned-income share
Program service revenue $353K · Total revenue $453K
78%
Investment reliance
Investment income $11 · Total revenue $453K
0%
Program self-sufficiency
Program service revenue $353K · Total expenses $312K
113%
Growth & trend
Revenue growth (YoY)
This year $453K · Prior year $118K
+283%
Net-asset trend (YoY)
End of year $178K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $453K · Expenses $312K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $209K
Net-asset ratio
Net assets $178K · Total assets $209K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $209K
1%
People & payroll
Highest Reported Total Compensation
Individual George Thomas · Reported title SECRETARY · Highest reported compensation $25K · Total expenses $312K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $93K · Total expenses $312K
30%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 283%
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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$108K

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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)$703K revenue · ⤓ 990 PDF
FY2023$747K revenue · ⤓ 990 PDF
FY2022$453K revenue · viewing · ⤓ 990 PDF
FY2021$118K revenue · ⤓ 990 PDF
FY2020$19K 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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