Mathhappens Foundation

Nonprofit profile at a glance

EIN
471670799
IRS 990-PF coverage
2016–2024
Forms available
Form 990-PF 2024
Location
Austin, TX, USA
Phone
5126631680
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$63,210
Expenses
$662,442

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Fund Raising and/or Fund Distribution

What it reported funding in 2024

The foundation reported 6 grants totaling $31,600. The stated grant purposes included austin museum partnership $1,500 - austin museum day, 9/22/2024, was a free, city-wide cultural event coordinated by the austin museum partnership where museums and cultural institutions around the austin, tx area open their doors to the public with no admission charge., $4,800 of the funding helped supply both durable and consumable materials to provide interactive models for attendees at math festivals in six title 1 schools in the san jose, ca area and $9,600 funded another 12 math festivals. mathhappens foundation funded a total of 18 math festivals. they are free, non-competitive math festivals where students explore math through hands-on puzzles, games, and problem-solving activities., and funded a haunted house-inspired educational experience to create a community event where live theater is used to tell stories that inspire excitement about math. participants used math to overcome scary obstacles during this interactive event in seattle, wa in october 2024., plus 3 other reported purposes.

Operating model

Revenue model
Investment-supported. 91% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Direct operator. The foundation carried out 92% of its reported charitable disbursements directly.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 5
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 96

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 83rd percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 4.8%; rating input score 5; 8th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Fail
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 90.87; rating input score 96; 96th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 96th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 5 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • 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.

  • High — Cost Efficiency: Grant expense ratio scored 5/100.
  • Review — Compliance: Part VII-B activity disclosures: Excess business holdings not reported.