Mathematics Foundation of America EIN 57-1035414

Mathematics Foundation of America

EIN  57-1035414 Public charity (501(c)(3)) Cambridge, MA
Form 990 (PDF) 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 Mathematics Foundation of America claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Provides a 5-week academic summer program for outstanding high school students globally.
Leadership
Marisa Debowsky · Executive Director · $114K
Money in and out
$1.3M revenue, $1.5M expenses
Bottom line
87% program efficiency

Provides a 5-week academic summer program for outstanding high school students globally. For fiscal year 2024 it reported $1.3M in revenue, $1.5M in expenses, and $379K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$379K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$173K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.12 Fundraising $0.01
Program efficiency
87%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate▼ -63% vs prior filing year
Surplus margin
-13%
revenue over expenses, this year▼ -3235% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.3M
FY20240%
Expenses
$1.5M
FY2024▲ +14%
Total assets
$385K
FY2024▼ -34%
Total liabilities
$6K
FY2024▼ -79%
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$379K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$173K
Total assetsPt X · Ln 16$385K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $1.3M of program spending, described in the organization's own filed words · FY2023.
01

Mfoas flagship program is CANADA/USA mathcamp, a five-week summer program for talented pre-collegiate students. During fy 23-24, we held our 32ND year of mathcamp at the university of puget sound in tacoma, washington, with 120 students and 30 staff coming together to explore mathematical ideas and build community.

$1.3Mprogram expense
02

Mfoa continues to provide programming and support for mathcamp alumni long after the summer ends: from recommendation letters to reunions, we stay engaged with our students throughout their career trajectories.

Pt IX · col B
03

Mfoas second program, the summer mathematics programs consortium, brings together the leadership of intensive summer math programs in a community to further their work through collaboration. The consortium aims to promote and increase math enrichment opportunities nationwide for grades 6-12 students.

Pt IX · col B

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMathematics Foundation of America
EINHdr · item D57-1035414
Principal addressHdr · item CCambridge, MA
WebsiteHdr · item Jwww.mfoa.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFApr 2016

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 13Yes
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$113,994Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Marisa Debowsky’s $114K as Executive Director is at the 39th percentile of top reported officer pay among 1547 $1–10M youth development 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marisa Debowsky$113,994$111,833
Marisa Debowsky$106,000$105,000$95,000

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.

See Mathematics Foundation of America executive salaries →

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

Statement of Revenue

Part VIII
Program service revenue$661K · 51%
Contributions & grants$626K · 48%
Program service revenue51%$661K
Contributions & grants48%$626K
Investment income$4K
Other revenue$4K
— government grantsLn 1e$10K
Total revenueLn 12$1.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.12 Fundraising $0.01
Program services87%$1.3M
Management & general12%$179K
Fundraising1%$14K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$120K
Total assetsLn 16$385K
Total liabilitiesLn 26$6K
Total net assetsLn 32$379K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $224K · Operating expenses (Pt IX) $1.5M · Less non-cash grants $20K · Cash operating expenses/yr $1.4M
1.9 months
Where the money goes
Program services
Program services $1.3M · Total expenses $1.5M
87%
Management & General
Management & general $179K · Total expenses $1.5M
12%
Fundraising
Fundraising $14K · Total expenses $1.5M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $582K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $626K · Total revenue $1.3M
48%
Government reliance
Government grants $10K · Total revenue $1.3M
1%
Earned-income share
Program service revenue $661K · Total revenue $1.3M
51%
Investment reliance
Investment income $4K · Total revenue $1.3M
0%
Program self-sufficiency
Program service revenue $661K · Total expenses $1.5M
45%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year $1.3M
0%
Revenue CAGR
FY2019 $413K · FY2023 $1.3M
+33%
Net-asset trend (YoY)
End of year $379K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $1.5M
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $385K
Net-asset ratio
Net assets $379K · Total assets $385K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $104K · Total assets (Pt X, ln 16) $385K
27%
People & payroll
Highest Reported Total Compensation
Individual Marisa Debowsky · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $114K · Total expenses $1.5M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $484K · Total expenses $1.5M
33%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 12%
Fundraising cost ratio 2%
Revenue growth 0%
Accounting fee ratio 5%

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 · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 3 grants · $148K · 2019–2023
Unitemized GrantFY2023$64,850
Unitemized GrantFY2022$81,250
Unitemized GrantFY2019$1,759

Similar Organizations

Closest in mission — by what they do
See all organizations like Mathematics Foundation of America →

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
FY2024 (Latest)$1.3M revenue · viewing · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$894K revenue · ⤓ 990 PDF
FY2021$641K revenue · ⤓ 990 PDF
FY2020$413K 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) · FY2024IRS
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.