Foundation For Science And Math Education Inc
Foundation For Science And Math Education Inc frequently operates at a deficit, though it maintains over $1 million in assets.
EIN: 205197170 · New Orleans, LA · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $358K |
| Total Expenses | $481K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 70/100 |
Is Foundation For Science And Math Education Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For Science And Math Education Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For Science And Math Education Inc
Foundation For Science And Math Education Inc (EIN: 205197170) is a nonprofit organization based in New Orleans, LA, classified under NTEE code B112. The organization reported total revenue of $358K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Science And Math Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Science And Math Education Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $284K |
| Total Expenses | $481K |
| Surplus / Deficit | $-196,844 |
| Total Assets | $1.2M |
| Total Liabilities | $195K |
| Net Assets | $1.0M |
| Operating Margin | -69.3% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 30.1 months |
Financial Health Grade: B
In 2023, Foundation For Science And Math Education Inc reported a deficit of $197K with expenses exceeding revenue, holds 30.1 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For Science And Math Education Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.6% | -0.2% | -2.5% |
| 2022 | +9.0% | -22.9% | -14.0% |
| 2021 | -49.3% | +25.9% | -8.4% |
| 2020 | -46.4% | -3.5% | +17.2% |
| 2019 | +238.9% | +4.9% | +211.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foundation For Science And Math Education Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Foundation For Science And Math Education Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $197K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization with over $1 million in assets and annual expenses often exceeding $400,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Foundation For Science And Math Education Inc's IRS 990 filings:
- Frequent operational deficits (e.g., 202306, 202206, 202106, 201806, 201706, 201506, 201406)
- Significant year-to-year revenue volatility, indicating potential reliance on unpredictable funding sources
- Unusually high liabilities in some years (e.g., $195,064 in 202306, $183,149 in 202106, $192,512 in 201806) relative to assets or revenue, which could indicate financial strain or specific project financing.
Strengths
The following positive indicators were identified for Foundation For Science And Math Education Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the leadership level or volunteer leadership.
- Maintains a substantial asset base ($1,128,338) despite frequent operational deficits, providing financial stability.
- Demonstrated capacity for significant fundraising in certain periods (e.g., $1,467,109 in 201906).
Frequently Asked Questions about Foundation For Science And Math Education Inc
Is Foundation For Science And Math Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Science And Math Education Inc (EIN: 205197170) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Foundation For Science And Math Education Inc spend its money?
Foundation For Science And Math Education Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For Science And Math Education Inc tax-deductible?
Foundation For Science And Math Education Inc is registered as a tax-exempt nonprofit (EIN: 205197170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Foundation For Science And Math Education Inc CEO make?
Foundation For Science And Math Education Inc's highest-compensated officer earns $1 annually. The organization reported $358K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Foundation For Science And Math Education Inc's spending goes to programs?
Foundation For Science And Math Education Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation For Science And Math Education Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Foundation For Science And Math Education Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For Science And Math Education Inc located?
Foundation For Science And Math Education Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 205197170. It is classified under NTEE code B112.
How many years of IRS 990 filings does Foundation For Science And Math Education Inc have?
Foundation For Science And Math Education Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $358K in total revenue.
How does Foundation For Science And Math Education Inc sustain operations with frequent deficits?
The organization appears to rely on periods of significant surplus, such as in 2019 and 2020, to build its asset base and cover deficits in other years. Its assets of $1,128,338 provide a buffer against these operational shortfalls.
What is the source of the large revenue fluctuations?
Revenue has varied significantly, from $284,210 in 202306 to $1,467,109 in 201906. This suggests reliance on grants or specific fundraising campaigns that can be highly variable year-to-year, rather than a consistent stream of smaller donations.
Why is officer compensation consistently reported as zero?
The consistent reporting of 0% officer compensation is unusual for an organization of this size and activity level. It could indicate that leadership roles are filled by volunteers, or that compensation is reported under other expense categories, which would warrant further investigation for full transparency.
Filing History
IRS 990 filing history for Foundation For Science And Math Education Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For Science And Math Education Inc's revenue has declined by 48.6%, moving from $553K to $284K. Total assets increased by 133.4% over the same period, from $517K to $1.2M. Total functional expenses fell by 28.1%, from $669K to $481K. In its most recent filing year (2023), Foundation For Science And Math Education Inc reported a deficit of $197K, with expenses exceeding revenue. The organization holds $195K in liabilities against $1.2M in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $284K | $481K | $1.2M | $195K | — | View 990 |
| 2022 | $435K | $482K | $1.2M | $29K | — | View 990 |
| 2021 | $399K | $625K | $1.4M | $183K | — | — |
| 2020 | $787K | $496K | $1.6M | $89K | — | — |
| 2019 | $1.5M | $514K | $1.3M | $149K | — | View 990 |
| 2018 | $433K | $490K | $431K | $193K | — | View 990 |
| 2017 | $431K | $464K | $541K | $246K | — | View 990 |
| 2016 | $567K | $550K | $671K | $342K | — | View 990 |
| 2015 | $411K | $460K | $451K | $144K | — | View 990 |
| 2014 | $369K | $429K | $416K | $59K | — | View 990 |
| 2013 | $580K | $520K | $469K | $53K | — | View 990 |
| 2012 | $377K | $522K | $378K | $20K | — | View 990 |
| 2011 | $553K | $669K | $517K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $284K, expenses of $481K, and assets of $1.2M (revenue -34.6% year-over-year).
- 2022: Revenue of $435K, expenses of $482K, and assets of $1.2M (revenue +9.0% year-over-year).
- 2021: Revenue of $399K, expenses of $625K, and assets of $1.4M (revenue -49.3% year-over-year).
- 2020: Revenue of $787K, expenses of $496K, and assets of $1.6M (revenue -46.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $514K, and assets of $1.3M (revenue +238.9% year-over-year).
- 2018: Revenue of $433K, expenses of $490K, and assets of $431K (revenue +0.5% year-over-year).
- 2017: Revenue of $431K, expenses of $464K, and assets of $541K (revenue -24.0% year-over-year).
- 2016: Revenue of $567K, expenses of $550K, and assets of $671K (revenue +37.9% year-over-year).
- 2015: Revenue of $411K, expenses of $460K, and assets of $451K (revenue +11.2% year-over-year).
- 2014: Revenue of $369K, expenses of $429K, and assets of $416K (revenue -36.3% year-over-year).
- 2013: Revenue of $580K, expenses of $520K, and assets of $469K (revenue +53.5% year-over-year).
- 2012: Revenue of $377K, expenses of $522K, and assets of $378K (revenue -31.8% year-over-year).
- 2011: Revenue of $553K, expenses of $669K, and assets of $517K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Science And Math Education Inc:
Data Sources and Methodology
This transparency report for Foundation For Science And Math Education Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.