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Education : Youth Education Programs and Services

Art of Problem Solving Initiative, Inc.

Helping underserved students find a realistic pathway towards becoming scientists, mathematicians, engineers, and programmers.

four stars

95.05

55 Exchange Place Suite 603
New York, NY 10005
tel: (888) 264-2793   Web Site
EIN: 20-1239616

Board Leadership
Richard Rusczyk
President

CEO
Daniel Zaharopol
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 95.05 four stars
  Financial 100.00 four stars
  Accountability & Transparency 93.00 four stars
This rating was published 02/01/2021 and includes data from FY2019, the most recent 990 received at that time.

Founded in 2004, the Art of Problem Solving Initiative, Inc. was created by people who love math and love teaching to help students access the study of advanced mathematics. The main project of the Initiative is Bridge to Enter Advanced Mathematics (BEAM), a project to help underserved students find a realistic pathway towards becoming scientists, mathematicians, engineers, and programmers. During the summer after 7th grade, students are invited to participate in a free three-week residential program on a college campus where they gain the academic and social/emotional preparation to succeed in future programs for advanced study. They then receive academic advising throughout 8th grade and high school to help them and their families find the best opportunities for their educations.

Founded in 2004, the Art of Problem Solving Initiative, Inc. was created by people who love math and love teaching to help students access the study of advanced mathematics. The main project of the Initiative is Bridge to Enter Advanced Mathematics (BEAM), a project to help underserved students find a realistic pathway towards becoming scientists, mathematicians, engineers, and programmers. During the summer after 7th grade, students are invited to participate in a free three-week residential program on a college campus where they gain the academic and social/emotional preparation to succeed in future programs for advanced study. They then receive academic advising throughout 8th grade and high school to help them and their families find the best opportunities for their educations.

Financial

four stars

100.00

Accountability & Transparency

four stars

93.00

This rating was published 02/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
85.9%
  Administrative Expenses 9.2%
  Fundraising Expenses 4.8%
  Fundraising Efficiency $0.02
  Working Capital Ratio (years) 2.34
  Program Expenses Growth 27.5%
  Liabilities to Assets 2.3%
All data for Financial Performance Metrics calculations was provided by Art of Problem Solving Initiative, Inc. on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Art of Problem Solving Initiative, Inc. on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Art of Problem Solving Initiative, Inc. (NY) 95.05 four stars
The Ingenuity Project (MD) 86.29 three stars
MATHCOUNTS (VA) 91.28 four stars
NAF (NY) 94.72 four stars
Mouse (NY) 88.13 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,276,191
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,100
   Related Organizations $0
   Government Grants $57,223
Total Contributions $3,334,514
   Program Service Revenue $0
Total Primary Revenue $3,334,514
   Other Revenue $17,392
TOTAL REVENUE $3,351,906
   
EXPENSES  
   Program Expenses $2,117,651
   Administrative Expenses $332,040
   Fundraising Expenses $134,636
TOTAL FUNCTIONAL EXPENSES $2,584,327
   
Payments to Affiliates $0
Excess (or Deficit) for the year $767,579
   
Net Assets $4,148,564

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Bridge to Enter Advanced Mathematics (BEAM) $2,058,031 97.2%
USA Mathematical Talent Search (USAMTS) $59,620 2.8%

Ratings History
Art of Problem Solving Initiative, Inc. has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-05 02/01/2021 95.05 four stars
2017-12 10/01/2020 90.10 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 20-1239616
Name in IRS Master File ART OF PROBLEM SOLVING INITIATIVE INC
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 2004
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End May
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • May, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$142,936 5.53% Daniel Zaharopol Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Art of Problem Solving Initiative, Inc. (NY) 95.05 four stars
Technovation (CA) 92.92 four stars
MATHCOUNTS (VA) 91.28 four stars
Mouse (NY) 88.13 three stars
ORT America (NY) 86.67 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Art of Problem Solving Initiative, Inc.
55 Exchange Place
Suite 603
New York, NY 10005
tel: (888) 264-2793
EIN: 20-1239616

Visit Web Site

Board Leadership

Richard Rusczyk
President

CEO

Daniel Zaharopol
Executive Director

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