Mathematical Staircase EIN 46-1813949

Mathematical Staircase FY2022 filing

EIN  46-1813949 Public charity (501(c)(3)) Ardmore, PA Founded 2013
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Mathematical Staircase claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Teaches talented students mathematical thinking and writing through summer programs.
Leadership
Sarah-Marie Belcastro PhD · President and Chair of the Board · $39K
Money in and out
$495K revenue, $524K expenses
Bottom line
100% program efficiency

Teaches talented students mathematical thinking and writing through summer programs. For fiscal year 2022 it reported $495K in revenue, $524K in expenses, and $196K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$495K
Pt VIII · Ln 12
Total expenses
$524K
Pt IX · Ln 25
Net assets
$196K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$29K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
4.5mo
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
$495K
FY2022▲ +122%
Expenses
$524K
FY2022▲ +244%
Total assets
$196K
FY2022▼ -13%
Total liabilities
$0
FY2022
Total revenue
$495K
Pt VIII · Ln 12
Total expenses
$524K
Pt IX · Ln 25
Net assets
$196K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$29K
Total assetsPt X · Ln 16$196K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $515K of program spending, described in the organization's own filed words · FY2022.
01

Mathily

a residential summer program for mathematically gifted high-school students. Number of students enrolled was 44 in a 5-week program of courses, presentations and leisure activities. Eight trainees (staff members) also benefitted.

$256Kprogram expense
02

Mathily-Er

Similar to MathILy with slightly younger students and who are earlier in their mathematical development. Number of students enrolled was 31 in a 5-week program of courses, presentations and leisure activities. Six trainees (staff members) also benefitted.

$150Kprogram expense
03

Mathily-Est

A Research Experience for Undergraduates (REU) focused on beginning college students. Number of students enrolled was 10 in an 8-week program focused on a program of research, presentations, interactions with the MathILy students and leisure activities.

$109Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMathematical Staircase
EINHdr · item D46-1813949
Principal addressHdr · item CArdmore, PA
WebsiteHdr · item Jwww.mathstaircase.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMay 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and Chair of the Board
$39,114Pt VII · Sec A
Clerk and Secretary of the Board
$4,328Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sarah-Marie Belcastro PHD’s $46K as President and Chair of the Board is at the 37th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sarah-Marie Belcastro PHD$45,983$49,140$44,098$39,114$35,596$29,648
Hannah Alpert PHD$3,337$4,328$4,244$5,530
Emily Peters PHD$3,049$472$943

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 Mathematical Staircase executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$351K · 71%
Contributions & grants$143K · 29%
Program service revenue71%$351K
Contributions & grants29%$143K
— government grantsLn 1e$120K
Total revenueLn 12$495K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$523K
Management & general$2K
Total functional expensesLn 25$524K

Balance Sheet

Part X · end of year
CashLn 1$196K
Total assetsLn 16$196K
Total liabilitiesLn 26$0
Total net assetsLn 32$196K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $196K · Operating expenses/yr $524K
4.5 months
Where the money goes
Program services
Program services $523K · Total expenses $524K
100%
Management & General
Management & general $2K · Total expenses $524K
0%
Fundraising
Fundraising $0 · Total expenses $524K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $22K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $143K · Total revenue $495K
29%
Government reliance
Government grants $120K · Total revenue $495K
24%
Earned-income share
Program service revenue $351K · Total revenue $495K
71%
Investment reliance
Investment income $0 · Total revenue $495K
0%
Program self-sufficiency
Program service revenue $351K · Total expenses $524K
67%
Growth & trend
Revenue growth (YoY)
This year $495K · Prior year $223K
+122%
Net-asset trend (YoY)
End of year $196K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $495K · Expenses $524K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $196K
Net-asset ratio
Net assets $196K · Total assets $196K
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) $196K
0%
People & payroll
Highest Reported Total Compensation
Individual Sarah-Marie Belcastro PHD · Reported title President and Chair of the Board · Highest reported compensation $39K · Total expenses $524K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $69K · Total expenses $524K
13%
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 122%
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 · FY2024
Total grants receivedfrom 2 funders$34K

Similar Organizations

Closest in mission — by what they do
See all organizations like Mathematical Staircase →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$519K revenue · ⤓ 990 PDF
FY2024$625K revenue · ⤓ 990 PDF
FY2023$547K revenue · ⤓ 990 PDF
FY2022$495K revenue · viewing · ⤓ 990 PDF
FY2021$223K revenue · ⤓ 990 PDF
FY2020$217K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.