Overview
What is Consortium For Mathematics And Its Applications Inc?
Consortium for Mathematics and Its Applications Inc, based in Bedford, Massachusetts, is a nonprofit organization dedicated to enhancing mathematics education for students of various age groups. They achieve this by establishing engaging learning environments that encourage students to apply mathematics to investigate and model real-world issues. The organization runs several international contests annually, attracting over 90,000 team entries worldwide. These competitions provide opportunities for collaborative problem-solving, promoting teamwork, technical writing, communication skills, and problem-solving acumen. The contests cater to students of different age groups, with categories for undergraduate, middle, and high school students. The Consortium's mission extends to nurturing a global community of mathematics enthusiasts and professionals, fostering a deeper understanding and appreciation of mathematics' role in addressing real-world challenges.
Official website here: www.comap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Consortium for Mathematics and Its Applications Inc has received a solid Three-Star rating from Charity Navigator, indicating a generally positive evaluation of its performance. The organization excels in accountability and finance, achieving a commendable score of 90%. This reflects well on its governance practices, with a majority of independent board members and robust financial oversight, contributing to transparency and responsible management of resources.
Strengths of the organization include a high degree of accountability demonstrated by no material diversions of assets and comprehensive policies regarding conflict of interest, whistleblower protections, and document retention. The financial metrics, such as the liabilities to assets ratio, suggest a stable financial position. Additionally, the leadership and adaptability score is outstanding, indicating strong strategic planning and effective leadership practices.
However, there is a notable area for improvement regarding the program expense ratio, which stands at 56.52%. This score suggests that a smaller portion of its resources is directed toward direct program services compared to the overall expenditures. Stakeholders may want to see an increase in programmatic spending to further enhance the charity's impact and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Consortium For Mathematics And Its Applications Inc legitimate?
Consortium For Mathematics And Its Applications Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consortium For Mathematics And Its Applications Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $279,949
Professional Fundraising Fees: $0
Other Salaries and Wages: $593,570
For more financial information, click here
Official website here: www.comap.org
What is the mission statement of Consortium For Mathematics And Its Applications Inc?
The Consortium for Mathematics and Its Applications Inc is dedicated to enhancing mathematics education for learners of all ages. They aim to create learning environments that encourage students to utilize mathematics for investigating and modeling real-world issues. The organization runs several international contests, attracting over 90,000 team entries annually from around the world. These competitions provide opportunities for students to collaborate on open-ended mathematical modeling problems, developing teamwork, technical writing, communication, and problem-solving skills. The contests cater to various age groups, including undergraduate, middle, and high school students.
Official website here: www.comap.org
Who is the CEO of Consortium For Mathematics And Its Applications Inc?
Komal Patel is the President of Consortium For Mathematics And Its Applications Inc.
Official website here: www.comap.org
What is the revenue of Consortium For Mathematics And Its Applications Inc?
Consortium For Mathematics And Its Applications Inc's revenue in 2022 was $3,279,807.
Official website here: www.comap.org
Who are the executives of Consortium For Mathematics And Its Applications Inc and what are their salaries?
The average compensation at Consortium For Mathematics And Its Applications Inc during 2022 was $87,352. There are 10 employees at Consortium For Mathematics And Its Applications Inc.
Here are 10 key members and their salaries:
- Compensation: $15,756
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $279,949
- Related: $0
- Other: $35,735
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $144,069
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $108,025
- Related: $0
- Other: $29,056
- Compensation: $108,727
- Related: $0
- Other: $22,296
Official website here: www.comap.org
Where can I find the form 990 for Consortium For Mathematics And Its Applications Inc?
Consortium For Mathematics And Its Applications Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.comap.org
Learn more at the official website: www.comap.org
Mission Statement of Consortium For Mathematics And Its Applications Inc
The Consortium for Mathematics and Its Applications Inc, a renowned organization, is committed to enhancing mathematics education for learners of all ages. Their mission is to establish learning environments that encourage students to utilize mathematics in investigating and modeling real-world issues. By doing so, they aim to significantly improve students' proficiency in applying mathematics to real-world scenarios.
Specifically, Consortium for Mathematics and Its Applications Inc accomplishes this mission through various international contests. These contests attract thousands of team entries annually, providing opportunities for students to collaborate and solve open-ended mathematical modeling problems. The competitions, such as the Mathematical Contest in Modeling, the Interdisciplinary Contest in Modeling, Middle Mathematical Contest in Modeling, and High School Mathematical Contest in Modeling, cater to teams of students ranging from undergraduate to middle or high school level. Moreover, the International Mathematical Modeling Challenge allows two teams from each participating country or region to compete, challenging them to solve real-world application problems.
Through these contests, students develop crucial skills like teamwork, technical writing, communication, and problem-solving acumen. They collaborate with their peers, learn to express their ideas clearly, and hone their ability to analyze and address complex problems. These experiences not only enrich their mathematical understanding but also prepare them for future academic and professional endeavors.
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Impact
July, 2024
Consortium For Mathematics And Its Applications Inc's impact lies in its efforts to improve mathematics education for students of all ages by creating engaging learning environments where mathematics is utilized to investigate and model real-world issues. Through their international contests, which attract 90,000 team entries annually from around the world, the organization provides opportunities for students to collaborate on open-ended mathematical modeling problems.
These competitions, such as the Mathematical Contest in Modeling and Interdisciplinary Contest in Modeling for undergraduate students, as well as the Middle and High School Mathematical Contest in Modeling for younger students, allow participants to develop interpersonal skills, enhance technical writing and communication abilities, and sharpen their problem-solving acumen. The organization's commitment to fostering these skills helps students not only excel in mathematics but also prepare them for success in various academic and professional fields.
This information is meant to be a general summary of Consortium For Mathematics And Its Applications Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $235,172
- Program Service Revenue: $2,901,858
- Gross Receipts: $6,217,730
Assets and Liabilities:
- Total Assets: $6,013,387
- Total Liabilities: $923,162
- Net Assets: $5,090,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTEST FEES
Revenue
$2,901,858
Organization Details
Founding Year
1980
Phone
(781) 862-7878Principal Officer
Komal Patel
Main Address
175 MIDDLESEX TURNPIKE 3B, BEDFORD, MA, 01730
Website
www.comap.orgNTEE Category
Code: U03 - Science research
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