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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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 CHALLENGING BUT FRIENDLY ENVIRONMENT. IT ENCOURAGES AND SUPPORTS THE EXCELLENT TEACHING OF MATHEMATICS THROUGH COURSES FOR TEACHERS AND OTHER PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $155,168 Revenue: $191,543

NEW YORK MATH CIRCLE - MATHEMATICS ENRICHMENT CLASSES FOR HIGH SCHOOL AND MIDDLE SCHOOL STUDENTS AND TEACHERS - DURING FYE 6/30/23, NEW YORK MATH CIRCLE HELD AN INTENSIVE SUMMER HIGH SCHOOL PROGRAM...

Read more

NEW YORK MATH CIRCLE - MATHEMATICS ENRICHMENT CLASSES FOR HIGH SCHOOL AND MIDDLE SCHOOL STUDENTS AND TEACHERS - DURING FYE 6/30/23, NEW YORK MATH CIRCLE HELD AN INTENSIVE SUMMER HIGH SCHOOL PROGRAM, AND 35 WEEKEND AND SUMMER COURSES FOR STUDENTS: 4 IN THE SUMMER, 21 IN THE FALL SEMESTER, AND 14 IN THE SPRING. 558 REGISTRANTS WERE SERVED, REPRESENTING ABOUT 320 DIFFERENT MIDDLE AND HIGH SCHOOL STUDENTS, MANY ATTENDING MORE THAN ONE COURSE. ABOUT 270 CLASSROOM SESSIONS WERE HELD, AND OVER 10,000 INSTRUCTIONAL STUDENT-HOURS WERE PROVIDED. WE AIM TO ENRICH AND SUPPLEMENT MATHEMATICAL EDUCATION IN NEW YORK CITY BY PROVIDING STUDENTS WITH SUPERB INSTRUCTION IN A FRIENDLY ATMOSPHERE, AND OFFERING MATERIAL NOT USUALLY ENCOUNTERED IN THE REGULAR CURRICULUM. WE ALSO SEEK TO STIMULATE THE ENJOYMENT, APPRECIATION, AND KNOWLEDGE OF MATHEMATICS THROUGH PROBLEM-SOLVING AND GUIDED DISCOVERY, TO STRENGTHEN STUDENTS' EXISTING KNOWLEDGE, AND TO CULTIVATE THE MOTIVATION AND CAPACITY FOR FUTURE STUDIES. FURTHERMORE, WE STRIVE TO MAKE THE CLASSES AVAILABLE TO ALL INTERESTED STUDENTS, REGARDLESS OF FINANCIAL MEANS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

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
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEW YORK MATH CIRCLE INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.