NEW YORK MATH CIRCLE INC

EIN: 261162539 501(c)(3) Education

NEW YORK, NY

Total Revenue
$268,290
Total Expenses
$297,253
Total Assets
$383,242
Net Assets
$251,861
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
KOVAN PILLAI
Phone
6467067647
Tax Period
2023-07-01 to 2024-06-30

NEW YORK MATH CIRCLE INC, founded in 2009, is a small nonprofit in the Education sector that reported $268K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $297K exceeded revenue, resulting in a 11% operating deficit.

Mission

NEW YORK MATH CIRCLE (NYMC) IS A NON-PROFIT ORGANIZATION DEDICATED TO ENRICHING AND SUPPLEMENTING MATHEMATICAL EDUCATION IN NEW YORK CITY. NYMC OFFERS INTERESTED STUDENTS FROM AROUND NEW YORK CITY AN OPPORTUNITY TO GROW INTELLECTUALLY AND PERSONALLY THROUGH THE LEARNING OF MATHEMATICS AND RELATED SUBJECTS FROM EXCEPTIONAL TEACHERS IN A FRIENDLY, ENRICHED ATMOSPHERE. IT ENCOURAGES AND SUPPORTS EXCELLENT TEACHING OF MATHEMATICS THROUGH COURSES FOR TEACHERS AND OTHER PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $76,747
Program Service Revenue $191,543
Investment Income $0
Other Revenue $0
TOTAL REVENUE $268,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $248,261
Fundraising Expenses $0
Program Expenses $155,168
Other Expenses $48,992
TOTAL EXPENSES $297,253

Year-over-Year Comparison

2023 2022 Change
Revenue $268,290 $241,278 +0.1%
Expenses $297,253 $304,395 0.0%
Net Income $-28,963 $-63,117 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
9
Employees
18
Volunteers
10

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
3
$98,664
Total Directors
10
$98,664
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KOVAN PILLAI PRESIDENT 40
Officer Director
$98,664 $0 $98,664
DAVID HANKIN BOARD MEMBER 1
Director
$0 $0 $0
JAPETH WOOD VICE PRESIDENT AND SECRETARY 3
Officer Director
$0 $0 $0
DMITRY SAGALOVSKIY TREASURER 3
Officer Director
$0 $0 $0
DAVID GARBASZ BOARD MEMBER 1
Director
$0 $0 $0
JOY HSIAO BOARD MEMBER 1
Director
$0 $0 $0
ELIZA KUBERSKA BOARD MEMBER 3
Director
$0 $0 $0
MING JACK PO BOARD MEMBER 1
Director
$0 $0 $0
DANIEL ZAHAROPOL BOARD MEMBER 1
Director
$0 $0 $0
JIE ZHANG BOARD MEMBER 1
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 No data No data No data No data
2024 $268,290 $297,253 $383,242 $-28,963
2023 $241,278 $304,395 $384,908 $-63,117
2022 $230,973 $301,756 $409,748 $-70,783
2021 $445,137 $318,293 $493,386 $126,844
2020 $434,039 $344,724 $464,102 $89,315
2019 $450,955 $363,647 $366,107 $87,308
2018 $343,517 $357,387 $290,498 $-13,870
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