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Promys Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452917981 ✦ Boston, MA ✦ Designated as a 501(c)(3)

Overview

What is Promys Foundation?

Promys Foundation is a nonprofit organization dedicated to supporting the Program in Mathematics for Young Scientists (PROMYS), which is a talent-identifying and nurturing program at Boston University. The foundation's mission is to fund scholarships for students participating in PROMYS, including specific fellowships and teacher stipends. In 2022, the foundation provided financial aid to 39% of students, totaling $148,000, and supported various programs such as PROMYS Teachers and the Free PROMYS Pathways Summer Program. The foundation's activities primarily revolve around fundraising to provide scholarships for the PROMYS program. The foundation also hosts events and programs, such as advanced seminars, on the Boston University campus.


Official website here: www.promysfoundation.org

Is Promys Foundation legitimate?

Promys Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promys Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.promysfoundation.org

What is the mission statement of Promys Foundation?

The Promys Foundation exists with a singular purpose: to support the non-profit program in mathematics for young scientists known as PROMYS. This program, which is a part of Boston University, is recognized under Section 501(C)(3) and Section 170(B)(I)(A)(II), and its mission is to identify and foster talent in the field of mathematics. The activities of the Promys Foundation are primarily focused on fundraising, with the primary goal of providing scholarships to PROMYS to support its students.


Official website here: www.promysfoundation.org

Who is the CEO of Promys Foundation?

Glenn Stevens is the Ttee,Secy.(2021/10-2022/11 of Promys Foundation.


Official website here: www.promysfoundation.org

What is the revenue of Promys Foundation?

Promys Foundation's revenue in 2022 was $867,128.


Official website here: www.promysfoundation.org

Who are the executives of Promys Foundation and what are their salaries?

Here are 15 key members and their salaries:

    Joshua Greene (Ttee,Secy.(2021/10-2022/11) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glenn Stevens (Ttee,Treas.(2022/11-Presen) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wan-Yin Wu (Ttee, Pres(2022/11-Present) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marjory Baruch (Ttee,Vp(2022/11-Present)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry Cohn (Ttee, Secy. (2022/11-Prese) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry Cohn (Ttee,Pres (2021/10-2022/11) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Demi Dubois (Treas.(2021/10-2022/11)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Sherman (Trustee (Resigned 2023/04))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael King (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ila Varma (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cameron Freer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arjun Khandelwal (Ttee. (2021/10-2022/09)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Caleb Shor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Li-Mei Lim (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amanda Tucker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.promysfoundation.org

    Where can I find the form 990 for Promys Foundation?

    The Promys Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.promysfoundation.org

    Learn more at the official website: www.promysfoundation.org

    Mission Statement of Promys Foundation

    The Promys Foundation is established with a singular purpose: to support the Promys program, a non-profit initiative focused on discovering and fostering mathematical talent among young scientists. This foundation, being a part of Boston University, an organization recognized under Section 501(C)(3) and Section 170(B)(I)(A)(II), dedicates its activities primarily towards fundraising. The ultimate objective of these fundraising efforts is to supply financial aid to the Promys program, enabling it to grant scholarships to deserving students. By doing so, the Promys Foundation plays a crucial role in helping nurture the burgeoning mathematical abilities of young scholars, thereby contributing to the broader field of mathematics.

    Impact

    This information is meant to be a general summary of Promys Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Promys Foundation's impact can be seen in its support for the PROMYS program, which aims to find and nurture talent in mathematics among young scientists. In 2022, the foundation funded $383,660 in mission-related activities, including providing need-based financial aid for students at PROMYS. This aid supported various categories of fellows, totaling $148,000, excluding travel support. Additionally, the foundation funded stipends for teachers and teacher counselors at PROMYS, as well as the free PROMYS Pathways summer program for talented students from low-income or underrepresented backgrounds.

    During PROMYS 2022, held on the campus of Boston University, 76 high school students, 21 undergraduate counselors, and 2 junior counselors participated. The program also offered three advanced seminars. Notably, the 2022 session marked the return to in-person activities following the COVID-19 pandemic. While the launch of PROMYS India was postponed to 2023, the foundation supported Mehta Fellow students from various countries, showcasing its commitment to fostering mathematical talent on a global scale.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,821
  • Program Service Revenue: $801
  • Gross Receipts: $867,128

    • Assets and Liabilities:
  • Total Assets: $1,448,389
  • Total Liabilities: $6,130
  • Net Assets: $1,442,259
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM T SHIRT SALE P

    Revenue

    $801

    Organization Details

    Founding Year

    2011

    Principal Officer

    Glenn Stevens

    Main Address

    PO BOX 15502, BOSTON, MA, 02215

    NTEE Category

    Code: B80 - Education

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