Seattle Universal Math Museum
Nonprofit profile at a glance
- EIN
- 842800368
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Seattle, WA, USA
- Phone
- 2062082002
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Museum, Museum Activities
Reported finances
- Revenue
- $1,138,773
- Expenses
- $933,775
- Assets
- $792,218
- Liabilities
- $247,661
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JENNIFER QUINN (EXECUTIVE DIRECTOR)
- TRACY DRINKWATER (PRESIDENT)
- MASHA SHUNKO (VICE PRESIDENT)
Highest reported compensation
- JENNIFER QUINN (EXECUTIVE DIRECTOR): $86,285 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to spark each and every person to love math. Program participants embark on a math journey with creative opportunities for math exploration, learning and discovery to foster positive connections to math, boost math confidence and help students see math as relevant to their future. We aim to reduce the equity gap in math education for girls and students of color, diversify the pipeline of people pursuing steam careers and better prepare youth to thrive in the digital economy of the 21st century.
What it reported doing in 2024
General program - general programs includes the development and delivery of summ's core math education initiatives, including program design, curriculum development, exhibits, workshops, and public-facing learning experiences. This category also includes staff time and operational support necessary to plan, coordinate, and sustain summ's ongoing educational programs.
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 88
- Accountability: 100
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.9%; rating input score 61
- Program expense ratio: 73.7%; rating input score 74
- Fundraising efficiency: $8.65 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.7%; rating input score 95; 26th 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 18%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 0.85; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 9.2%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 52.9% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 42.5% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 42.2% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 60.9% of revenue deployed · 73.7% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $688K in reported program spending
- Leadership: top reported pay $86K · 11 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 33/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.