PI MU EPSILON INC

EIN: 736097105 501(c)(3)

Homewood, AL

Total Revenue
$125,545
Total Expenses
$165,914
Total Assets
$530,278
Net Assets
$530,278
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1914
Legal Domicile
NY
Principal Officer
Chad Awtrey
Phone
2057264581
Tax Period
2023-07-01 to 2024-06-30

PI MU EPSILON INC, founded in 1914, is a small nonprofit that reported $126K in total revenue in fiscal year 2023. Expenses of $166K exceeded revenue, resulting in a 32% operating deficit.

Mission

The mission of the society, as stated in Article II of its constitution, is as follows: Pi Mu Epsilon is a non-secret organization whose purpose is the promotion of scholarly activity in mathematics among students at academic institutions. Pi Mu Epsilon accomplishes this purpose by: 1. Electing student members on an honorary basis according to their proficiency in mathematics. 2. Engaging in activities designed to promote the mathematical and scholarly development of its undergraduate members.

Program Service Accomplishments

Program 1
Expenses: $102,303 Revenue: $0

Reinforce student scholarship and research in mathematics through direct support of student members at our national conference; $96,653 was awarded to students to defray travel and subsistence and...

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Reinforce student scholarship and research in mathematics through direct support of student members at our national conference; $96,653 was awarded to students to defray travel and subsistence and costs; $5,650 of support was used indirectly to support students at the conference. This includes supporting an invited lecturer, partner costs, and some exhibiting costs.

Program 2
Expenses: $18,987 Revenue: $4,279

Encouragement of student authorship and reading of mathematical research articles appearing in the Pi Mu Epsilon Journal. $18,987 in production and costs used to provide one-year subscriptions to all...

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Encouragement of student authorship and reading of mathematical research articles appearing in the Pi Mu Epsilon Journal. $18,987 in production and costs used to provide one-year subscriptions to all new members and subscriptions and renewals to interested individuals.

Program 3
Expenses: $2,420 Revenue: $0

Fund mathematical conferences and prize contests to recognize outstanding mathematics achievement, promote undergraduate scholarship, and increase level of activities at the society's local chapters...

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Fund mathematical conferences and prize contests to recognize outstanding mathematics achievement, promote undergraduate scholarship, and increase level of activities at the society's local chapters by giving grants to partially fund local conferences, prize/speaker awards, and invited speakers.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $92,060
Program Service Revenue $0
Investment Income $26,091
Other Revenue $7,394
TOTAL REVENUE $125,545

Expense Breakdown

Grants Paid $2,420
Salaries & Benefits $14,355
Fundraising Expenses $0
Program Expenses $123,710
Other Expenses $27,849
TOTAL EXPENSES $165,914

Year-over-Year Comparison

2023 2022 Change
Revenue $125,545 $125,281 +0.0%
Expenses $165,914 $75,958 +1.2%
Net Income $-40,369 $49,323 -1.8%
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
9
Independent Members
9
Employees
N/A
Volunteers
9

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
9
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chad Awtrey President 10
Officer
$0 $0 $0
Tom Wakefield President-Elect 10
Officer
$0 $0 $0
Frank Patane Secretary-Treasurer 10
Officer
$0 $0 $0
Brigitte Seratius Journal Editor 10
Officer
$0 $0 $0
Stephanie Edwards Past-President 10
Officer
$0 $0 $0
Jennifer Beineke Councilor 4
Officer
$0 $0 $0
Dyana Harrelson Councilor 4
Officer
$0 $0 $0
Molly Moran Councilor 4
Officer
$0 $0 $0
Denise Reid Councilor 4
Officer
$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
2024 $125,545 $165,914 $530,278 $-40,369
2023 $125,281 $75,958 $548,389 $49,323
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