PRIME FACTOR

EIN: 273292905 501(c)(3) Education

Kirkland, WA

Total Revenue
$326,429
Total Expenses
$309,879
Total Assets
$123,938
Net Assets
$123,854
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
WA
Phone
4257654084
Tax Period
2024-08-01 to 2025-07-31

PRIME FACTOR, founded in 2010, is a small nonprofit in the Education sector that reported $326K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $310K left a modest 5% surplus.

Mission

The specific objectives and purposes of prime factor corporation are: - to foster the interest of students in math and science topics and ideas that lie beyond the boundaries of the school curriculum. - to design and develop new approaches to present advanced mathematical and scientific concepts in ways that are interesting and accessible to school-age children - to provide classes in advanced math, extracurricular math, creative thinking, and in other scientific topics for children whose needs may not be served at other educational places in the community. - cultivate a community of students and parents who advance the value of extracurricular mathematics as a tool to develop students creativity and interest in learning. - to help children prepare for careers in mathematics, science, or other highly qualified fields. - to help children become creative professionals capable of achieving the top levels in their respective fields of work and ready to apply their knowledge to serve the co

Program Service Accomplishments

Program 1
Expenses: $272,360 Revenue: $317,978

During the 2024-25 school year, prime factor achieved several milestones as a nonprofit organization. We served over 350 students by providing year-long stem classes in mathematics and computer...

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During the 2024-25 school year, prime factor achieved several milestones as a nonprofit organization. We served over 350 students by providing year-long stem classes in mathematics and computer science. Our unique advanced classes included math circles for students in grades 2, 3-4, 4-5, 5-6, 6-7, and 8-9, as well as programming classes in Scratch, AppLab, Python, JavaScript, electrical engineering with Arduino, and Java for students in grades 3 up to upper high school. We also offered coding competition and math contest preparation classes, and organized several mathematical contests such as Math Kangaroo, Noetic Learning, AMC8 and AMC10. As a nonprofit organization, we also made a positive impact by participating in efforts to help children from the families of refugees or those facing economic hardship. We offered free and discounted enrollment in our classes, provided one-on-one tutoring for no cost. We ran a free weekly online math circle for grades 36 students in Odessa, Ukraine, throughout the 2024-25 school year. We traveled to Eugene, Oregon, to help organize the Eugene Math Festival, a free family math event open to all participants. Our teachers actively participated in preparation an organization of Math Hour Olympiad, a unique oral math competition for Middle school children, free to all participants. https://sites.math.washington.edu/~mathcircle/mathhour/olympiad.html Math Hour Olympiad is a renowned math contest organized by numerous math professionals volunteering for the event, coordinated by the Math department of the University of Washington. Overall, these achievements demonstrate Prime Factors commitment to providing high-quality STEM education and making a positive impact in our community and beyond.

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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 $3,432
Program Service Revenue $317,978
Investment Income $1,559
Other Revenue $3,460
TOTAL REVENUE $326,429

Expense Breakdown

Grants Paid $0
Salaries & Benefits $126,337
Fundraising Expenses $0
Program Expenses $272,360
Other Expenses $183,542
TOTAL EXPENSES $309,879

Year-over-Year Comparison

2024 2023 Change
Revenue $326,429 $344,279 -0.1%
Expenses $309,879 $9,150 +32.9%
Net Income $16,550 $335,129 -1.0%
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
7
Independent Members
5
Employees
5
Volunteers
15

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
2
$63,968
Total Directors
7
$79,588
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LIOUBOV MALKINA LEAD TEACHER 35.00
Officer Director
$39,938 $0 $39,938
ANNA BURAGO LEAD TEACHER 35.00
Officer Director
$24,030 $0 $24,030
ANDREI BURAGO DIRECTOR 2.00
Director
$15,620 $0 $15,620
ALEXANDER VASCHILLO DIRECTOR 0.50
Director
$0 $0 $0
SERGEI MALKIN DIRECTOR 2.00
Director
$0 $0 $0
NELLI TKACH DIRECTOR 0.50
Director
$0 $0 $0
SERGEI DUBINETS DIRECTOR 0.50
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 $326,429 $309,879 $123,938 $16,550
2024 $344,699 $363,584 $107,347 $-18,885
2023 $311,728 $312,516 $103,862 $-788
2022 $322,200 $304,203 $104,560 $17,997
2021 $269,892 $269,555 $89,789 $337
2020 $319,006 $277,746 $89,452 $41,260
2019 $236,369 $218,433 $48,192 $17,936
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