Overview
What is Illinois Math Academy Nfp?
Illinois Math Academy NFP is a nonprofit organization with a mission to ignite the passion of young individuals in the fields of science, technology, engineering, and mathematics (STEM). Situated in Illinois, they provide engaging math instruction through their programs, fostering an environment that nurtures and encourages STEM interest among the youth. The organization is dedicated to inspiring and supporting the next generation of innovators, contributing to the advancement of STEM fields and making a positive impact on society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Illinois Math Academy Nfp has received a 73% score, reflecting a Two-Star rating primarily based on its Accountability & Finance metrics. This score indicates that while there are strengths in the organization’s financial practices, there may be areas needing improvement compared to higher-rated charities. The evaluation is entirely based on a single beacon score, which focuses on its financial accountability.
The organization demonstrates a strong commitment to governance and transparency, as indicated by its 100% independent board members and the absence of any material diversion of assets. It also effectively documents board meeting minutes and maintains a healthy liabilities to assets ratio of 15.59%. Furthermore, the program expense ratio is impressively high at 100%, suggesting that all its expenditures are directed toward its mission.
Despite these strengths, the overall rating suggests that there are opportunities for the nonprofit to enhance its operational effectiveness. Engaging in broader impact measures or improving program delivery could help elevate its standing in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Math Academy Nfp legitimate?
Illinois Math Academy Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Math Academy Nfp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,192
For more financial information, click here
What is the mission statement of Illinois Math Academy Nfp?
The Illinois Math Academy NFP, in its mission, aims to stimulate the interest of young individuals in the fields of science, technology, engineering, and mathematics. By providing math instruction as part of their programs, they strive to foster a passion for these subjects among the youth. Their objective is to inspire and educate, ultimately shaping the next generation with a strong foundation in STEM.
Who is the CEO of Illinois Math Academy Nfp?
Prasad V Parupalli is the President of Illinois Math Academy Nfp.
What is the revenue of Illinois Math Academy Nfp?
Illinois Math Academy Nfp's revenue in 2022 was $46,966.
Who are the executives of Illinois Math Academy Nfp and what are their salaries?
The average compensation at Illinois Math Academy Nfp during 2022 was $2,399. There are 8 employees and 4 volunteers at Illinois Math Academy Nfp.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Illinois Math Academy Nfp?
Illinois Math Academy Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Illinois Math Academy Nfp
Illinois Math Academy NFP, as its name suggests, is dedicated to inspiring young minds in the realms of science, technology, engineering, and mathematics. Its mission is to kindle an interest in these subjects among the youth, encouraging them to pursue these fields further. Through their programs, they provide mathematics instruction, fostering a love for numbers and problem-solving among the youth.
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Impact
August, 2024
Illinois Math Academy NFP inspires youth to develop their interest in science, technology, engineering, and math by offering impactful math instruction as part of their programs. Through their work in Peoria, Illinois, they are helping to cultivate the next generation of problem solvers and innovators in these crucial fields. Their mission to inspire youth to develop their interest in STEM subjects is making a lasting impact on the community and beyond.
This information is meant to be a general summary of Illinois Math Academy Nfp. 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.
- Program Service Revenue: $29,507
- Gross Receipts: $46,966
Assets and Liabilities:
- Total Assets: $30,330
- Total Liabilities: $8,605
- Net Assets: $21,725
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Math participants
Revenue
$29,507
Organization Details
Founding Year
2017
Phone
(309) 265-2972Principal Officer
Prasad V Parupalli
Main Address
7620 N University, Peoria, IL, 61614
NTEE Category
Code: B90 - Education
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