THE ART OF PROBLEM SOLVING INITIATIVE INC

EIN: 201239616 501(c)(3)

NEW YORK, NY

Total Revenue
$11,781,568
Total Expenses
$8,677,594
Total Assets
$19,440,415
Net Assets
$19,044,408
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CA
Principal Officer
DANIEL ZAHAROPOL
Phone
8882642793
Tax Period
2024-06-01 to 2025-05-31

THE ART OF PROBLEM SOLVING INITIATIVE INC, founded in 2004, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 26% operating margin.

Mission

BEAM AIMS TO OPEN UP OPPORTUNITY FOR ALL STUDENTS AT THE HIGHEST LEVEL OF ACHIEVEMENT, TO INSTILL A GENUINE LOVE FOR MATHEMATICS, AND TO OPEN UP OPPORTUNITIES FOR FULFILLING, WELL-PAID CAREERS. TO OUR KNOWLEDGE, BEAM IS THE ONLY PROGRAM IN THE US PROVIDING LONG-TERM (10-YEAR), COMPREHENSIVE SUPPORT TO ENSURE SUCCESS IN ADVANCED MATH FOR KIDS FROM LOW-INCOME AND LOW-ACCESS BACKGROUNDS. OUR GOALS ARE TO PROVIDE ACADEMIC PREPARATION FOR ADVANCED MATHEMATICAL WORK; SOCIAL/EMOTIONAL SUPPORT SO STUDENTS ARE COMFORTABLE AND CONFIDENT WITH STEM IDENTITIES AND ENGAGING STEM COMMUNITIES; A COMMUNITY OF LIKE-MINDED PEERS INCLUDING STUDENTS, COUNSELORS, AND FACULTY IN WHOM OUR STUDENTS CAN SEE THEMSELVES REPRESENTED; AND GUIDANCE AND MENTORING TO SUPPORT STUDENTS IN SEEKING OUT FUTURE STEM OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $6,375,110

THE ART OF PROBLEM SOLVING INITIATIVE, INC. (THE ORGANIZATION), FORMERLY KNOWN AS "THE ART OF PROBLEM SOLVING FOUNDATION" WAS FORMED IN 2004. FROM 2004 THROUGH 2011, AOPSI WAS A SMALL, ALL-VOLUNTEER...

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THE ART OF PROBLEM SOLVING INITIATIVE, INC. (THE ORGANIZATION), FORMERLY KNOWN AS "THE ART OF PROBLEM SOLVING FOUNDATION" WAS FORMED IN 2004. FROM 2004 THROUGH 2011, AOPSI WAS A SMALL, ALL-VOLUNTEER ORGANIZATION; WE RAN A NATIONAL MATH CONTEST AND SUPPORTED LOCAL UNIVERSITY-RUN MATH CIRCLES. BRIDGE TO ENTER ADVANCED MATHEMATICS (BEAM) WAS FOUNDED IN 2011 BY DANIEL ZAHAROPOL AND RAPIDLY BECAME AOPSI'S MAIN PRIORITY AS THE PROGRAM STARTED TO FIND REAL SUCCESS. BEAM WAS FOUNDED TO ADDRESS A LARGELY UNRECOGNIZED PROBLEM: WHILE AFFLUENT STUDENTS WITH TALENT IN MATH HAVE MANY OPPORTUNITIES TO RECEIVE INSTRUCTION IN DEEP ENRICHMENT MATHEMATICS, EVEN HIGH-ACHIEVING STUDENTS FROM MARGINALIZED COMMUNITIES TYPICALLY RECEIVE ONLY ROTE INSTRUCTION FOCUSED ON BASIC SKILLS. TOO FREQUENTLY, THEIR POTENTIAL GOES UNRECOGNIZED OR UNSUPPORTED.BEAM WAS LAUNCHED AS A SMALL 3-WEEK RESIDENTIAL SUMMER PROGRAM FOR 17 RISING 8TH GRADERS IN NEW YORK CITY. AS BEAM'S SUMMER PROGRAMS GREW, IN 2013, BEAM ALSO BEGAN TO PROVIDE SUPPORT AND RESOURCES TO STUDENTS DURING THE ACADEMIC YEAR, INCLUDING WEEKEND CLASSES AND DROP-IN OFFICE HOURS. IN 2018, BEAM EXPANDED TO LOS ANGELES AND CONTINUED TO GROW IN NYC. BEAM HAS NOW GROWN FROM RUNNING A SINGLE SUMMER CAMP TO RUNNING SIX SUMMER SITES SERVING ABOUT 420 STUDENTS EACH SUMMER AND PROVIDING YEAR-ROUND SUPPORT AND PROGRAMMING FOR 650 STUDENTS IN NEW YORK AND LOS ANGELES.THE ORGANIZATION FOCUSES ITS EFFORTS ON FOUR MAIN PROGRAMS: BRIDGE TO ENTER ADVANCED MATHEMATICS ("BEAM") DISCOVERY AND SUMMER AWAY, THE BEAM PATHWAY PROGRAM, AND ENTRY POINTS, A NEW NATIONAL INITIATIVE DESIGNED TO BRING BEAM PROGRAMS TO ELEMENTARY AND MIDDLE SCHOOLS ACROSS THE COUNTRY. IN 2020 WE LAUNCHED OUR FIRST NATIONAL PROGRAM TO REACH LOW-ACCESS STUDENTS ACROSS THE US. WHEN FULLY ROLLED OUT, THE PROGRAM AIMS TO SUPPORT THOUSANDS OF STUDENTS ACROSS THE COUNTRY BEGINNING IN 2ND GRADE AND CONTINUING THROUGH COLLEGE GRADUATION. MORE INFORMATION IS AVAILABLE AT WWW.BEAMMATH.ORG OR WILL BE PROVIDED UPON REQUEST.

Program 2
Expenses: $91,956

USA MATHEMATICAL TALENT SEARCH (USAMTS)- IS A NATIONAL MATH COMPETITION FOR MIDDLE AND HIGH SCHOOL STUDENTS TO PROMOTE ADVANCED MATHEMATICAL PROBLEM-SOLVING SKILLS AND EDUCATION. THE USAMTS...

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USA MATHEMATICAL TALENT SEARCH (USAMTS)- IS A NATIONAL MATH COMPETITION FOR MIDDLE AND HIGH SCHOOL STUDENTS TO PROMOTE ADVANCED MATHEMATICAL PROBLEM-SOLVING SKILLS AND EDUCATION. THE USAMTS ENCOURAGES STUDENTS TO LEARN ADVANCED MATHEMATICAL WRITING SKILLS. THE USAMTS COMPETITION IS OPEN TO THE GENERAL PUBLIC. ON AVERAGE A TOTAL OF 600 TO 700 MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATE IN THE USAMTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,561,252
Program Service Revenue $0
Investment Income $220,211
Other Revenue $105
TOTAL REVENUE $11,781,568

Expense Breakdown

Grants Paid $119,198
Salaries & Benefits $6,154,446
Fundraising Expenses $938,280
Program Expenses $6,467,066
Other Expenses $2,403,950
TOTAL EXPENSES $8,677,594

Year-over-Year Comparison

2024 2023 Change
Revenue $11,781,568 $10,308,727 +0.1%
Expenses $8,677,594 $8,117,369 +0.1%
Net Income $3,103,974 $2,191,358 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
234
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$420,867
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL ZAHAROPOL CHIEF EXECUTIVE OFFICER 40.00
Officer
$237,245 $7,729 $244,974
FELIX FLORES CHIEF GROWTH OFFICER- FMR 40.00
$199,590 $0 $199,590
MELISSA GILLIS CHIEF ADVANCEMENT OFFICER 40.00
Highest
$194,980 $449 $195,429
SAMIR BOLAR CHIEF PROGRAM OFFICER 40.00
Highest
$171,670 $18,339 $190,009
BETANIA TIBURCIO CHIEF OPERATING OFFICER 40.00
Highest
$181,167 $0 $181,167
RICHARD IANDOLI CHIEF FINANCIAL OFFICER 40.00
Officer
$175,893 $0 $175,893
LYNN CARTWRIGHT-PUNNETT SENIOR DIRECTOR, PROGRAM DESIGN 40.00
Highest
$145,133 $0 $145,133
EDRAY GOINS PHD CHAIR 3.00
Officer Director
$0 $0 $0
KEN BARON PHD VICE CHAIR 2.50
Officer Director
$0 $0 $0
DARRYL HILL EDD SECRETARY 1.00
Officer Director
$0 $0 $0
NANAYAA DADSON PHD TREASURER 1.00
Officer Director
$0 $0 $0
LENNIN ANTUNISH DIRECTOR 1.00
Director
$0 $0 $0
JEFF HOFFMAN DIRECTOR 1.00
Director
$0 $0 $0
NIKKI HO-SHING DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN KEARNS-JORDAN DIRECTOR 1.00
Director
$0 $0 $0
KIRAN KEDLAYA PHD DIRECTOR 1.00
Director
$0 $0 $0
PRASHANT LAL DIRECTOR 1.00
Director
$0 $0 $0
SANDOR LEHOCZKY DIRECTOR 1.00
Director
$0 $0 $0
RICHARD RUSCZYK DIRECTOR 1.00
Director
$0 $0 $0
SUSAN WILDSTROM DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $11,781,568 $8,677,594 $19,440,415 $3,103,974
2024 $10,308,727 $8,117,369 $15,907,337 $2,191,358
2023 $7,630,346 $6,475,584 $13,036,680 $1,154,762
2022 $7,944,885 $4,977,757 $11,649,838 $2,967,128
2021 $7,701,538 $3,737,814 $8,643,636 $3,963,724
2020 $3,525,853 $3,238,899 $4,780,396 $286,954
2019 $3,351,906 $2,584,327 $4,248,959 $767,579
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