THE ART OF PROBLEM SOLVING INITIATIVE INC Charity Report

Public IRS 990 nonprofit record

THE ART OF PROBLEM SOLVING INITIATIVE INC

EIN 20-1239616

What they do

BEAM AIMS to OPEN UP OPPORTUNITY for ALL STUDENTS 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 LOW-INCOME and LOW-ACCESS BACKGROUNDS. 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $74.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

54.89%of revenue went to mission work74.5% of expenses · Program services

7.96%of revenue went to fundraising10.8% of expenses

$73.65spent for every $100 of revenueRevenue covered expenses this year.

10.80%of revenue went to management and office costs14.7% of expenses

$2.24in assets for every $1 spent this yearSome assets cannot be spent right away.

98.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $244,974 for DANIEL ZAHAROPOL (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,781,568

Mission workProgram services$6,467,06654.89% of revenue74.5% of expenses

ManagementOffice and general costs$1,272,24810.80% of revenue14.7% of expenses

FundraisingAsking for donations$938,2807.96% of revenue10.8% of expenses

Revenue left after expensesReported annual surplus$3,103,97426.35% of revenueShown in gray on the chart

Total expenses$8,677,59473.65% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 74.5% mission · 14.7% management · 10.8% fundraisingTotal expenses: 73.65% of revenue

2023Expense mix: 74.9% mission · 13.3% management · 11.8% fundraisingTotal expenses: 78.74% of revenue

2022Expense mix: 75.7% mission · 15.8% management · 8.5% fundraisingTotal expenses: 84.87% of revenue

2021Expense mix: 74.8% mission · 17.7% management · 7.5% fundraisingTotal expenses: 62.65% of revenue

2020Expense mix: 83.7% mission · 10.3% management · 6.1% fundraisingTotal expenses: 48.53% of revenue

2019Expense mix: 83.1% mission · 10.8% management · 6.1% fundraisingTotal expenses: 91.86% of revenue

2018Expense mix: 81.9% mission · 12.8% management · 5.2% fundraisingTotal expenses: 77.10% of revenue

2017Expense mix: 90.0% mission · 5.2% management · 4.8% fundraisingTotal expenses: 41.39% of revenue

Money in and money out

Revenue$11,781,568

Expenses$8,677,594

Annual surplus $3,103,974 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,467,066 · 74.5% of expenses

Management and office costs$1,272,248 · 14.7% of expenses

Fundraising$938,280 · 10.8% of expenses

See all reported dollar amounts

Revenue$11,781,568

Expenses$8,677,594

Assets$19,440,415

Income$11,781,568

Contributions$11,561,252

Mission work (program services)$6,467,066

Fundraising$938,280

Grants given$25,000

Average grant$25,000

Management and general$1,272,248

Accounting fees$30,319

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DANIEL ZAHAROPOLCHIEF EXECUTIVE OFFICER · 40 hrs/week $244,974Base $237,245 · Other $7,729

FELIX FLORESCHIEF GROWTH OFFICER- FMR · 40 hrs/week $199,590

MELISSA GILLISCHIEF ADVANCEMENT OFFICER · 40 hrs/week $195,429Base $194,980 · Other $449

SAMIR BOLARCHIEF PROGRAM OFFICER · 40 hrs/week $190,009Base $171,670 · Other $18,339

BETANIA TIBURCIOCHIEF OPERATING OFFICER · 40 hrs/week $181,167

RICHARD IANDOLICHIEF FINANCIAL OFFICER · 40 hrs/week $175,893

LYNN CARTWRIGHT-PUNNETTSENIOR DIRECTOR, PROGRAM DESIGN · 40 hrs/week $145,133

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

DANIEL ZAHAROPOLCHIEF EXECUTIVE OFFICER

FELIX FLORESCHIEF GROWTH OFFICER- FMR

MELISSA GILLISCHIEF ADVANCEMENT OFFICER

SAMIR BOLARCHIEF PROGRAM OFFICER

BETANIA TIBURCIOCHIEF OPERATING OFFICER

RICHARD IANDOLICHIEF FINANCIAL OFFICER

LYNN CARTWRIGHT-PUNNETTSENIOR DIRECTOR, PROGRAM DESIGN

KIRAN KEDLAYA PHDDIRECTOR

KRISTIN KEARNS-JORDANDIRECTOR

LENNIN ANTUNISHDIRECTOR

KEN BARON PHDVICE CHAIR

JEFF HOFFMANDIRECTOR

NANAYAA DADSON PHDTREASURER

NIKKI HO-SHINGDIRECTOR

PRASHANT LALDIRECTOR

EDRAY GOINS PHDCHAIR

RICHARD RUSCZYKDIRECTOR

DARRYL HILL EDDSECRETARY

SANDOR LEHOCZKYDIRECTOR

SUSAN WILDSTROMDIRECTOR

About this charity

Recognized since: January 2004
Location: 90 BROAD ST STE 902, NEW YORK, NY 10004-2281
County: New York
In care of: % DANIEL ZAHAROPOL
Primary officer: DANIEL ZAHAROPOL, CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(888) 264-2793

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: JOHNSON OCONNOR FERON & CARUCCI LLP
Grant-giving organization: Yes