Prime Factor

Nonprofit profile at a glance

EIN
273292905
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Kirkland, WA, USA
Phone
4257654084
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$326,429
Expenses
$309,879
Assets
$123,938
Liabilities
$84

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

Leadership & pay

7 people listed

Highest reported compensation

  • LIOUBOV MALKINA (LEAD TEACHER): $39,938 total reported compensation
  • ANNA BURAGO (LEAD TEACHER): $24,030 total reported compensation
  • ANDREI BURAGO (DIRECTOR): $15,620 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The specific objectives and purposes of prime factor corporation are: - to foster the interest of students in math and science topics and ideas that lie beyond the boundaries of the school curriculum. - to design and develop new approaches to present advanced mathematical and scientific concepts in ways that are interesting and accessible to school-age children - to provide classes in advanced math, extracurricular math, creative thinking, and in other scientific topics for children whose needs may not be served at other educational places in the community. - cultivate a community of students and parents who advance the value of extracurricular mathematics as a tool to develop students creativity and interest in learning. - to help children prepare for careers in mathematics, science, or other highly qualified fields. - to help children become creative professionals capable of achieving the top levels in their respective fields of work and ready to apply their knowledge to serve the co

What it reported doing in 2024

During the 2024-25 school year, prime factor achieved several milestones as a nonprofit organization. We served over 350 students by providing year-long stem classes in mathematics and computer science. Our unique advanced classes included math circles for students in grades 2, 3-4, 4-5, 5-6, 6-7, and 8-9, as well as programming classes in Scratch, AppLab, Python, JavaScript, electrical engineering with Arduino, and Java for students in grades 3 up to upper high school. We also offered coding competition and math contest preparation classes, and organized several mathematical contests such as Math Kangaroo, Noetic Learning, AMC8 and AMC10. As a nonprofit organization, we also made a positive impact by participating in efforts to help children from the families of refugees or those facing economic hardship. We offered free and discounted enrollment in our classes, provided one-on-one tutoring for no cost. We ran a free weekly online math circle for grades 36 students in Odessa, Ukraine, throughout the 2024-25 school year. We traveled to Eugene, Oregon, to help organize the Eugene Math Festival, a free family math event open to all participants. Our teachers actively participated in preparation an organization of Math Hour Olympiad, a unique oral math competition for Middle school children, free to all participants. https://sites.math.washington.edu/~mathcircle/mathhour/olympiad.html Math Hour Olympiad is a renowned math contest organized by numerous math professionals volunteering for the event, coordinated by the Math department of the University of Washington. Overall, these achievements demonstrate Prime Factors commitment to providing high-quality STEM education and making a positive impact in our community and beyond.

Operating model

Revenue model
Earned-program. 97% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 90
  • Accountability: 65
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83%; rating input score 83
  • Program expense ratio: 87.9%; rating input score 88
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 19th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 5.1%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 25.7%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 4.8% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 10.4% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 83% of revenue deployed · 87.9% of spending went to programs
  • Governance: 5 of 7 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $272K in reported program spending
  • Leadership: top reported pay $40K · 7 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.