American Mathematical Society

Overview

Mission

Please see schedule o.the american mathematical society ("ams or "the society") founded in 1888 to further the interests of mathematical research scholarship, and education, serves the national and international mathematical community through its publications, meetings, advocacy and other programs, which: (a) promote mathematical research and its uses; (b) encourage and promote the transmission of mathematical understandings and skills to ensure the continued vitality of the profession; (c) support mathematical education at all levels; (d) advance the status of the profession of mathematics, encouraging and facilitating full participation of all individuals, and, (e) foster an awareness and appreciation of mathematics and its connections to other disciplines and everyday life.

What it reported doing in 2024

Membership and outreach activities, as well as professional services and programs for the mathematical community, such as employment services, grant or endowment supported conference, surveys of the profession, endowment supported prizes, awards, scholarships and fellowships for achievements in mathematics, high school outreach, public awareness, and other programs. The society has approximately 26,200 individual and institutional members, with no criteria for membership, who are served through the membership program. To support its mission, the society awarded fellowships, prizes, and other awards to approximately 212 individuals and organizations, totaling more than $781,000. The society also received funding from individuals, foundations, and federal grants to fund expenses for approximately 670 mathematicians to engage in mathematical research and collaboration.

Operating model

Revenue model
Other-operating. 63% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 97% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
050264797
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2022
Headquarters
Providence, RI, USA
Phone
4014554000
Rating
81
Verdict
STRONG
Rating confidence
Standard
Sector
Professional Societies, Associations

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.2%; rating input score 85
  • Program expense ratio: 85.9%; rating input score 86
  • Fundraising efficiency: $8.91 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.2%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 82.7%; rating input score 83; 17th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.6%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 7.51; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 7.6%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 22nd percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 85.2% of revenue deployed · 85.9% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $32.7M in reported program spending
  • Leadership: top reported pay $391K · 21 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $655K reported
  • Consistency: 39 of 41 current checks pass · 2 findings to review
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 14 annual filings from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 27 filed money-flow records
  • Related organizations: 17 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Leadership & pay

21 people listed

Highest reported compensation

  • LUCY R MADDOCK (CHIEF FINANCIAL OFFICER): $390,746 total reported compensation
  • ROBERT M HARINGTON (CHIEF PUBLISHING OFFICER): $304,401 total reported compensation
  • EDWARD DUNNE (EXECUTIVE EDITOR, MATH REVIEWS): $294,848 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.