2024-03-20T14:47:32-05:00 2023-05-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2022-06-01 201239616 THE ART OF PROBLEM SOLVING INITIATIVE INC ARTO 8882642793 55 EXCHANGE PLACE SUITE 603 NEW YORK NY 10005 DANIEL ZAHAROPOL CHIEF EXECUTIVE OFFICER 8882642793 2024-02-16 1 DANIEL ZAHAROPOL XXX-XX-XXXX 1 JOSEPH M GISO CPA MST P00030126 7819143400 2024-02-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIDGE TO ENTER ADVANCED MATHEMATICS DANIEL ZAHAROPOL 55 EXCHANGE PLACE SUITE 603 NEW YORK NY 10005 7630346 0 X ARTOFPROBLEMSOLVING.ORG X 2004 CA TO CREATE PATHWAYS FOR UNDERSERVED STUDENTS TO BECOME SCIENTISTS, MATHEMATICIANS, ENGINEERS, AND COMPUTER SCIENTISTS. 11 11 195 50 0 0 7930953 7344407 0 0 4148 277111 9784 8828 7944885 7630346 22502 92805 0 0 3485275 4273956 0 0 553640 1469980 2108823 4977757 6475584 2967128 1154762 11649838 13036680 136643 221898 11513195 12814782 X BEAM AIMS TO CHANGE THE DRAMATIC UNDERREPRESENTATION OF STUDENTS FROM BLACK, LATINX, AND INDIGENOUS COMMUNITIES AT THE HIGHEST LEVEL OF ACHIEVEMENT, TO INSTILL A GENUINE LOVE FOR MATHEMATICS, AND TO OPEN UP OPPORTUNITIES FOR FULFILLING, WELL-PAID CAREERS. TO OUR KNOWLEDGE, BEAM IS THE ONLY PROGRAM IN THE US PROVIDING LONG-TERM (10-YEAR), COMPREHENSIVE SUPPORT TO ENSURE SUCCESS IN ADVANCED MATH FOR KIDS FROM HISTORICALLY MARGINALIZED OMMUNITIES. OUR GOALS ARE TO PROVIDE ACADEMIC PREPARATION FOR ADVANCED MATHEMATICAL WORK; SOCIAL/EMOTIONAL SUPPORT SO STUDENTS ARE COMFORTABLE AND CONFIDENT WITH STEM IDENTITIES AND ENGAGING STEM COMMUNITIES; A COMMUNITY OF LIKE-MINDED PEERS INCLUDING STUDENTS, COUNSELORS, AND FACULTY IN WHOM OUR STUDENTS CAN SEE THEMSELVES REPRESENTED; AND GUIDANCE AND MENTORING TO SUPPORT STUDENTS IN SEEKING OUT FUTURE STEM OPPORTUNITIES. 0 0 4841953 92805 0 THE ART OF PROBLEM SOLVING INITIATIVE, INC. (THE ORGANIZATION), FORMERLY KNOWN AS "THE ART OF PROBLEM SOLVING FOUNDATION" WAS FORMED IN 2004. FROM 2004 THROUGH 2011, AOPSI WAS A SMALL, ALL-VOLUNTEER ORGANIZATION; WE RAN A NATIONAL MATH CONTEST AND SUPPORTED LOCAL UNIVERSITY-RUN MATH CIRCLES. BRIDGE TO ENTER ADVANCED MATHEMATICS (BEAM) WAS FOUNDED IN 2011 BY DANIEL ZAHAROPOL AND RAPIDLY BECAME AOPSI'S MAIN PRIORITY AS THE PROGRAM STARTED TO FIND REAL SUCCESS. BEAM WAS FOUNDED TO ADDRESS A LARGELY UNRECOGNIZED PROBLEM: WHILE AFFLUENT STUDENTS WITH TALENT IN MATH HAVE MANY OPPORTUNITIES TO RECEIVE INSTRUCTION IN DEEP ENRICHMENT MATHEMATICS, EVEN HIGH-ACHIEVING STUDENTS FROM MARGINALIZED COMMUNITIES TYPICALLY RECEIVE ONLY ROTE INSTRUCTION FOCUSED ON BASIC SKILLS. TOO FREQUENTLY, THEIR POTENTIAL GOES UNRECOGNIZED OR UNSUPPORTED. BEAM WAS LAUNCHED AS A SMALL 3-WEEK RESIDENTIAL SUMMER PROGRAM FOR 17 RISING 8TH GRADERS IN NEW YORK CITY. AS BEAM'S SUMMER PROGRAMS GREW, IN 2013, BEAM ALSO BEGAN TO PROVIDE SUPPORT AND RESOURCES TO STUDENTS DURING THE ACADEMIC YEAR, INCLUDING WEEKEND CLASSES AND DROP-IN OFFICE HOURS. IN 2018, BEAM EXPANDED TO LOS ANGELES AND CONTINUED TO GROW IN NYC. BEAM HAS NOW GROWN FROM RUNNING A SINGLE THREE-WEEK RESIDENTIAL PROGRAM FOR 17 RISING 8TH GRADERS TO RUNNING SIX SUMMER SITES SERVING ABOUT 420 STUDENTS EACH SUMMER AND PROVIDING YEAR-ROUND SUPPORT AND PROGRAMMING FOR 650 STUDENTS IN NEW YORK AND LOS ANGELES. THE ORGANIZATION FOCUSES ITS EFFORTS ON FOUR MAIN PROGRAMS: BRIDGE TO ENTER ADVANCED MATHEMATICS ("BEAM") DISCOVERY AND SUMMER AWAY, THE BEAM PATHWAY PROGRAM, AND ENTRY POINTS, A NEW NATIONAL INITIATIVE DESIGNED TO BRING BEAM PROGRAMS TO ELEMENTARY AND MIDDLE SCHOOLS ACROSS THE COUNTRY. IN 2020 WE LAUNCHED OUR FIRST NATIONAL PROGRAM TO REACH UNDERSERVED STUDENTS ACROSS THE US. WHEN FULLY ROLLED OUT, THE PROGRAM AIMS TO SUPPORT THOUSANDS OF STUDENTS ACROSS THE COUNTRY BEGINNING IN 2ND GRADE AND CONTINUING THROUGH COLLEGE GRADUATION. MORE INFORMATION IS AVAILABLE AT WWW.BEAMMATH.ORG OR WILL BE PROVIDED UPON REQUEST. 58392 USA MATHEMATICAL TALENT SEARCH (USAMTS)- IS A NATIONAL MATH COMPETITION FOR MIDDLE AND HIGH SCHOOL STUDENTS TO PROMOTE ADVANCED MATHEMATICAL PROBLEM-SOLVING SKILLS AND EDUCATION. THE USAMTS ENCOURAGES STUDENTS TO LEARN ADVANCED MATHEMATICAL WRITING SKILLS. THE USAMTS COMPETITION IS OPEN TO THE GENERAL PUBLIC. ON AVERAGE A TOTAL OF 600 TO 700 MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATE IN THE USAMTS. 4900345 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 61 0 1 195 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA NY X X RICHARD IANDOLI 8882642793 55 EXCHANGE PLACE SUITE 603 NEW YORK NY 10005 RICHARD RUSCZYK PRESIDENT 3.00 X X 0 0 0 NANAYAA DADSON TREASURER 1.00 X X 0 0 0 DARRYL HILL SECRETARY 1.00 X X 0 0 0 JEFF HOFFMAN DIRECTOR 1.00 X 0 0 0 KRISTIN KEARNS-JORDAN DIRECTOR 1.00 X 0 0 0 KIRAN KEDLAYA PHD DIRECTOR 1.00 X 0 0 0 SANDOR LEHOCZKY DIRECTOR 1.00 X 0 0 0 PAUL SHERMAN DIRECTOR 1.00 X 0 0 0 SUSAN WILDSTROM DIRECTOR 1.00 X 0 0 0 KEN BARON DIRECTOR 1.00 X 0 0 0 EDRAY GOINS PHD DIRECTOR 1.00 X 0 0 0 DANIEL ZAHAROPOL CHIEF EXECUTIVE OFFICER 40.00 X 205801 0 6995 RICHARD IANDOLI CHIEF FINANCIAL OFFICER 40.00 X 135487 0 0 LYNN CARTWRIGHT-PUNNETT CHIEF PROGRAMS OFFICER 40.00 X 134500 0 0 BETANIA TIBURCIO CHIEF OPERATING OFFICER 40.00 X 145500 0 0 MELISSA GILLIS CHIEF ADVANCEMENT OFFICER 40.00 X 116496 0 232 FELIX FLORES CHIEF GROWTH OFFICER 40.00 X 167180 0 0 904964 0 7227 6 0 1 0 0 52319 7292088 60000 7344407 277111 277111 MISCELLANEOUS INCOME 900099 8828 8828 8828 7630346 0 0 285939 25000 25000 67805 67805 680237 529881 88215 62141 3001213 2337838 389207 274168 254737 185935 40411 28391 337769 263110 43803 30856 36587 664 35923 23457 425 23032 600747 375703 116962 108082 3621 3621 167984 127213 25404 15367 132728 80871 50488 1369 435481 283556 146825 5100 171589 161473 9686 430 9270 5909 1488 1873 196741 135013 46121 15607 FOOD 279063 268316 753 9994 FIELD TRIPS 39738 39738 0 0 MISCELLANEOUS 7436 7408 0 28 STAFF DEVELOPMENT 4381 866 3281 234 6475584 4900345 1021599 553640 2079302 433702 8259171 10442559 1260218 2017758 37518 121183 31705 10227 13629 21478 11649838 13036680 136643 221898 136643 221898 X 6685630 5066444 4827565 7748338 11513195 12814782 11649838 13036680 1154762 146825 0 X X 0 1 X 1 0 X 3512089 3678642 7681842 7930953 7344407 30147933 3512089 3678642 7681842 7930953 7344407 30147933 4206077 25941856 3741 40597 3443 4148 277111 329040 13651 9189 12024 9784 8828 53476 30530449 0.84970 0.87320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31705 10227 21478 21478 X 7777171 146825 146825 7630346 0 7630346 6475584 0 6475584 0 6475584 PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. INCOME RELATED TO THESE PURPOSES IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME WOULD BE TAXABLE ACCORDING TO APPLICABLE INTERNAL REVENUE CODE SECTIONS. THE ORGANIZATION REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN ITS FILED RETURNS AND RECOGNIZES THE BENEFIT FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE POSITION WOULD BE SUSTAINED UPON AUDIT BASED SOLELY ON THE TECHNICAL MERITS OF THE TAX POSITION. THE ORGANIZATION ACCRUES INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION FILES FEDERAL, CALIFORNIA AND NEW YORK TAX RETURNS. THE STATUTE OF LIMITATIONS FOR THESE JURISDICTIONS IS GENERALLY THREE YEARS. THE ORGANIZATION HAD NO RETURNS UNDER EXAMINATION AS OF MAY 31, 2023. 1 URBAN ASSEMBLY 90 BROAD STREET 2101 NEW YORK NY 10004 110332039 501(C)(3) 25000 0 TO SUPPORT EDUCATIONAL ADVANCEMENTS OTHER STUDENT SUPPORT PROGRAMS 45 67805 PART I, LINE 2: THE ORGANIZATION MONITORS EACH GRANT RECIPIENT AND HAS DEVELOPED BEST PRACTICES THAT INCORPORATE POLICIES, SYSTEMS, AND PROCEDURES GRANT MONITORING REPORTING SIMILAR TO THE EXPENDITURE RESPONSIBILITY REQUIREMENTS FOR PRIVATE FOUNDATIONS. PROCEDURES VARYING DEPENDING ON THE PURPOSE, SIZE OF GRANT, AND TYPE OF GRANTEE, BUT GOOD DOCUMENTATION IS REQUIRED IN ANY CASE. PART III, LINE (A) OTHER STUDENT SUPPORT PROGRAMS INCLUDE SCHOLARSHIPS AND OTHER STUDENT ASSISTANCE PROGRAMS AND ARE ESTABLISHED TO PROVIDE RELIEF TO STUDENTS AND THEIR FAMILIES AND TO REDUCE BARRIERS FOR STUDENTS TO PURSUE COLLEGE STEM DEGREES OR ATTEND STEM PROGRAMS. BEAM HAS ESTABLISHED AND DOCUMENTED AWARD CRITERIA FOR VARIOUS SUPPORTING PROGRAMS. X X X 0 0 0 0 0 0 0 0 0 DANIEL ZAHAROPOL CHIEF EXECUTIVE OFFICER 205801 0 0 0 0 0 0 0 6995 0 212796 0 0 0 FELIX FLORES CHIEF GROWTH OFFICER 167180 0 0 0 0 0 0 0 0 0 167180 0 0 0 X SW LICENSE 500 60000 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER REPORTED REPRESENTS THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B EACH MEMBER OF THE BOARD OF DIRECTORS RECEIVES THE DRAFT OF THE 990 FOR REVIEW; THE BOARD MEMBERS ARE ABLE TO PROVIDE FEEDBACK AND ASK QUESTIONS PRIOR TO THE RETURN BEING FILED. THE RETURN IS THEN SIGNED BY THE CEO AND FILED PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST BY COMPLETING AN ANNUAL QUESTIONNAIRE. IF A CONFLICT OF INTEREST IS DEEMED TO EXIST, IT IS THE DUTY OF THE INDIVIDUAL TO DISCLOSE SUCH INTEREST. THIS INTEREST IS TO BE RECORDED IN THE MINUTES OF THE MEETING OF THE BOARD AND WHERE THE CONFLICT CONCERNS ANY BOARD MEMBER, THE INDIVIDUAL(S) SHALL NOT PARTICIPATE IN ANY VOTE OR DELIBERATION ON THE MATTER. PERIODIC REVIEWS ARE CONDUCTED TO ENSURE THAT THE ORGANIZATION IS OPERATING IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER IS DETERMINED BY THE BOARD OF DIRECTORS USING INDEPENDENT, THIRD-PARTY COMPENSATION STUDIES, WHICH ENCOMPASS COMPARABLE, RELEVANT MARKET DATA FOR THE ORGANIZATION'S POSITIONS OBTAINED FROM PUBLISHED SURVEYS AND OTHER AVAILABLE SOURCES. OTHER SURVEYS OF SPECIALIZED SKILL SET OR EMPLOYEE ATTRIBUTES CRITICAL TO THE SUCCESS OF THE ORGANIZATION WILL ALSO BE INCORPORATED AS NEEDED. BEAM HAS IMPLEMENTED A SALARY ADMINISTRATION GUIDE THAT ESTABLISHES A COMPENSATION POLICY GUIDED BY PRINCIPLES THAT ARE ALIGNED WITH THE ORGANIZATION'S MISSION AND VALUES. SALARY BANDS, WITHIN THE POLICY, ESTABLISH A RANGE OF SALARY FOR A JOB BASED ON THE COMPETITIVE MARKET VALUE OF SIMILAR JOBS. THE HUMAN RESOURCES TEAM BENCHMARKS SALARIES TO THE MARKET THAT BEST REFLECTS OUR TALENT NEEDS. BEAM PARTICIPATES IN A NUMBER OF CAREFULLY SELECTED SALARY SURVEYS TO ENSURE BEAM HAS ACCESS TO CURRENT AND QUALITY DATA. THESE SURVEYS ARE CONDUCTED EVERY 2 YEARS BY REPUTABLE SURVEY FIRMS WHO USE PROVEN METHODS FOR COLLECTING, ANALYZING AND PRESENTING DATA. OTHER OFFICER AND/OR KEY EMPLOYEE COMPENSATION IS SET BY THE CEO BASED ON THE SALARY ADMINISTRATION GUIDE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY ANY INTERESTED PARTY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS OR SELECTION PROCESS FOR AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR.