United Math Circles Foundation FY2024 filing

Tax-deductible

El Cerrito, CA501(c)(3)EducationEIN 46-3636266Revenue $738K in FY2024

On file with the IRSunitedmathcirclesfoundation.org5426 Hillside Ave, 94530-1451 · El Cerrito, CATax-exempt since Jul 2014Publicly supported — 509(a)(2)

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The specific purpose of this organization is to enrich mathematical education, to advance mathematical knowledge and skills among children, and to carry on other charitable and educational activities associated with this goal as allowed by law.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$243K 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

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $65K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$243K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 12 voting members
Looks good: 9 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$738K
-10% vs prior year
Spent
$614K
To programs
67%
Net assets
$837K
By yearFY2021–FY2025
Revenue
$738K
FY2024▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2021$762K
FY2022$711K
FY2023$819K
FY2024$738K
FY2025$551K
Expenses
$614K
FY2024▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2021$625K
FY2022$646K
FY2023$753K
FY2024$614K
FY2025$619K
Net assets
$837K
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2021$582K
FY2022$647K
FY2023$713K
FY2024$837K
FY2025$769K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $411K Management & general 33% · $203K

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

13 people listed on the 990; $243K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$124,908Pt VII · Sec A
$75,540Pt VII · Sec A
Executive Dir.
$23,384Pt VII · Sec A
$18,563Pt VII · Sec A
Board Member
$905Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Zvezdelina Stankova’s $109K as CEO is at the 87th 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Zvezdelina Stankova$108,705$124,908$125,613$114,016$133,005
Laura Givental$86,950$75,540$75,650$77,830$80,139
Kelli Talaska—$23,384———
Peter Koroteev$15,250$18,563$18,713——
Maria Nemirovskaya$14,700———$6,383
Patricio Angulo$12,648————
Tatiana Shubin————$1,500
Christopher Overton————$1,405

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves math education and skills for children through charitable and educational activities.

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2 programs · $411K · in their own filed words · FY2023
01

BMC Elementary is the after-school math program that has 559 students enrolled 1st-4th graders preparing for math contest, careers in math, theories, etc.In Fall and Spring, 30 sessions (1 hour each) are held across 12 classes per week (9 classes on Tuesday, 3 classes on Wednesday), totaling 360 hours per year.

$212Kprogram expense
02

BMC Upper is the after-school math program that has 1,000 students enrolled 5th - 12th grade studying to become math scientists, educators, etc.BMC: 5 levels meet once a week for an average of 1.75 hours over two 15-week semesters, including two final colloquiums.

$198Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$16
Grants paid · 1 grant · $39K · 2022–2022
San Jose Math CircleCA · FY2022$39,171

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$738K
Ln 12
Fees for servicesLn 2g$713K
Gifts and grantsLn 1h$17K
Other incomeLn 4–11$7K
Money outPt IX
$614K
Ln 25
Programscol B$411K
Managementcol C$203K
Owns and owesPt X
$837K
net assets · Ln 32
Cash and savingsLn 1–2$837K
Total assetsLn 16$837K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A5
Voting boardVI 1a12
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Fees for servicesLn 2g$713K
Other incomeLn 4–11$7K
Gains on assetsLn 7$0
Total revenueLn 12$738K
Assets in detailPt X, end of year
CashLn 1$837K
SavingsLn 2$0
Cash and savings togetherLn 1–2$837K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$837K
LiabilitiesLn 26$0
Net assetsLn 32$837K
OperationsPt I, VI
EmployeesI 543
VolunteersI 636
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$713K$837K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$713K$837K
LiabilitiesLn 26$0$0
Net assetsLn 32$713K$837K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$208K$57K$151K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$260K$260K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$41K$28K$13K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$70K$66K$3K
Advertising and promotionLn 12$0
Office expensesLn 13$19K$19K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$4K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$3K$321$2K
All other expensesLn 24e$0
Total functional expensesLn 25$614K$411K$203K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $551K$619K−$68K$769K 990 PDF
FY2024 Viewing $738K$614K$124K$837K 990 PDF
FY2023 $819K$753K$66K$713K 990 PDF
FY2022 $711K$646K$65K$647K 990 PDF
FY2021 $762K$625K$136K$582K 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 FY2024 990 (6 parts)
Part I · Summary $737,943 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,942$17,485
I-9 Program service revenuePrior year $750,336$713,245
I-10 Investment income$0
I-11 Other revenue$7,213
I-12 Total revenuePrior year $819,278$737,943
I-13 Grants and similar amounts paidPrior year $39,171$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $605,055$508,400
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $108,763$105,191
I-18 Total expensesPrior year $752,989$613,591
I-19 Revenue less expensesPrior year $66,289$124,352
Part VI · Governance 9 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $737,943 across 10 lines filed
VIII-1f All other contributions, gifts and grants$17,485
VIII-1h Total contributions, gifts and grants$17,485
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $713,245$713,245
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,213$7,213
VIII-12 Total revenueRelated to mission $713,245 · Excluded from tax $7,213$737,943
Part IX · Statement of functional expenses $613,591 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $56,635 · Management $151,252$207,887
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $259,836$259,836
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $27,531 · Management $13,146$40,677
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,471$2,471
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $66,240 · Management $3,459$69,699
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $18,737$18,737
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $3,517$3,517
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $1,910$1,910
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $6,350$6,350
IX-24 Other expenses (24a–d)Programs $321 · Management $2,186$2,507
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $410,563 · Management $203,028 · Fundraising $0$613,591
Part X · Balance sheet $837,191 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $712,839$837,191
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $712,839$837,191
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $712,839$837,191
X-32 Total net assets or fund balancesStart of year $712,839$837,191
X-33 Total liabilities and net assetsStart of year $712,839$837,191
Part XI · Reconciliation of net assets $837,191 net assets at year end
XI-1 Total revenue$737,943
XI-2 Total expenses$613,591
XI-3 Revenue less expenses$124,352
XI-4 Net assets at start of year$712,839
XI-10 Net assets at end of year$837,191

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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