Ithaca Math Circle

Nonprofit profile at a glance

EIN
881697855
IRS 990-EZ coverage
2022–2022
Forms available
Form 990-EZ 2022
Location
New York, NY, USA
Phone
9177696091
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Education N.E.C.

Reported finances

Revenue
$2,117
Expenses
$1,993
Assets
$124
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Maya Mau (Founder and Executive Director)

People named in this filing

  • Maya Mau (Founder and Executive Director)
  • Nicole Losi (Board Member)
  • Lily Mackey (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ithaca Math Circle, Inc. is a registered 501(c)(3) nonprofit organization dedicated to bringing extracurricular STEM and problem-solving sessions to students in the Ithaca community. Founded in June 2022, the organization also intends to improve the engagement of Cornell students with public school students in the Ithaca community. Our educational philosophy is that students will thrive when they have mentors who enjoy sharing their love of learning. Our mentors will share their favorite puzzles, games, and riddles with their mentees in order to promote curiosity and teach problem-solving and critical thinking techniques.

What it reported doing in 2022

In fall 2022, Ithaca Math Circle Inc. ran nine after school sessions at Dewitt Middle School, working with 24 students over the course of the semester.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program 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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 82
  • Sustainability: 38
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.1%; rating input score 94
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 5.9%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 25.1%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 94.1% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Review — Sustainability: Operating margin scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.