New York Math Circle Inc

Overview

Mission

New York math circle (nymc) is a non-profit organization dedicated to enriching and supplementing mathematical education in New York city. Nymc offers interested students from around New York city an opportunity to grow intellectually and personally through the learning of mathematics and related subjects from exceptional teachers in a challenging but friendly environment. It encourages and supports the excellent teaching of mathematics through courses for teachers and other programs.

What it reported doing in 2024

New York math circle - mathematics enrichment classes for high school and middle school students and teachers - during fye 6/30/25, New York math circle held an intensive summer high school program, and 35 weekend and summer courses for students: 4 in the summer, 21 in the fall semester, and 14 in the spring. 558 registrants were served, representing about 320 different middle and high school students, many attending more than one course. About 270 classroom sessions were held, and over 10,000 instructional student-hours were provided. We aim to enrich and supplement mathematical education in New York city by providing students with superb instruction in a friendly atmosphere, and offering material not usually encountered in the regular curriculum. We also seek to stimulate the enjoyment, appreciation, and knowledge of mathematics through problem-solving and guided discovery, to strengthen students' existing knowledge, and to cultivate the motivation and capacity for future studies. Furthermore, we strive to make the classes available to all interested students, regardless of financial means.

Operating model

Revenue model
Other-operating. 81% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
261162539
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-EZ 2013, Form 990-N 2008
Headquarters
New York, NY, USA
Phone
6467067647
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 92
  • Accountability: 73
  • Sustainability: 44
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.1%; rating input score 49
  • Program expense ratio: 52.5%; rating input score 53
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 25th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 7.5%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 1.52; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 33.4%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -7% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 49.1% of revenue deployed · 52.5% of spending went to programs
  • Governance: 9 of 10 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $155K in reported program spending
  • Leadership: top reported pay $98K · 10 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 11 annual filings from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

10 people listed

Highest reported compensation

  • KOVAN PILLAI (PRESIDENT): $98,230 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.