The Calculus Project Inc

Nonprofit profile at a glance

EIN
813431454
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Braintree, MA, USA
Phone
6175944851
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$860,596
Expenses
$1,019,018
Assets
$538,537
Liabilities
$41,772

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

Leadership & pay

14 people listed

Executive titles in this filing

  • ADRIAN B MIMS (CHIEF EXECUTIVE OFFICER)
  • ROBERT J WEINTRAUB (PRESIDENT)

Highest reported compensation

  • ADRIAN B MIMS (CHIEF EXECUTIVE OFFICER): $205,080 total reported compensation
  • SPENCER BLASDALE (CHIEF PROGRAM OFFICER): $177,014 total reported compensation
  • JUSTIN DESAI (DIRECTOR OF SCHOOL/DISTRICT SUPPORT): $135,491 total reported compensation

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

Overview

Mission

To support the educational advancement and economic development of people and and communities who have historically been disenfranchised through community and school based initiatives, programs and activities including but not limited to focusing on calculus and other high-level math subjects.

What it reported doing in 2024

The calculus project (tcp) partners with five districts to implement the full, year-round program. Over five hundred students were supported by tcp components ranging from cohort placement and peer teaching to afterschool and summer programs. In addition, tcp hosted over 100 students in boston and lowell on the campuses of boston university and umass lowell for a three-week summer acceleration program. Tcp provides support for learning math and also opportunities for curiosity and exposure to stem fields and professions. Tcp students experienced many enrichment opportunities such as a live link to an astronaut on the space station, and they had an opportunity to meet him in person when he returned to earth.

Operating model

Revenue model
Donor-supported. 76% 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 65
  • Accountability: 86
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.7%; rating input score 94
  • Program expense ratio: 79.1%; rating input score 79
  • Fundraising efficiency: $87.33 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -18.4%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 50.8%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 34% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 26% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 37.5% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 93.7% of revenue deployed · 79.1% of spending went to programs
  • Governance: 10 of 11 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $806K in reported program spending
  • Leadership: top reported pay $205K · 14 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 10/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.