Nonprofit · EIN 45-2917981
PROMYS FOUNDATION
Tax-exempt · BOSTON, MA 02215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $540,886 | $948,804 | -$407,918 | $1,548,919 | $10,192 | $1,538,727 |
| December 31, 2023 | 990 | $977,797 | $493,575 | $484,222 | $1,946,644 | $0 | $1,946,644 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $475,169
- Program service revenue
- $0
- Investment income
- $65,717
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $905,748
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,870
- Program services (functional)
- $938,054
- Management and general (functional)
- $10,750
Balance sheet and other
- Total assets, start of year
- $1,946,645
- Total assets, end of year
- $1,548,919
- Total liabilities, end of year
- $10,192
- Net assets, end of year
- $1,538,727
- Net assets without donor restrictions
- $1,538,727
- Gross receipts
- $540,886
- Employees
- 0
- Volunteers
- 24
- Year formed
- 2011
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSHUA GREENE RESIGNED 111025 | TRUSTEE Trustee or director | 1 | $0 |
| GLENN STEVENS | TREASURER Trustee or director, Officer | 1 | $0 |
| WAN-YIN WU | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARJORY BARUCH | VICE PRESIDENT 2024 / PRESIDENT ELECT 11 10 25 Trustee or director, Officer | 1 | $0 |
| HENRY COHN | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL KING | TRUSTEE Trustee or director | 1 | $0 |
| ILA VARMA | TRUSTEE Trustee or director | 1 | $0 |
| CAMERON FREER | TRUSTEE Trustee or director | 1 | $0 |
| CALEB SHOR | TRUSTEE Trustee or director | 1 | $0 |
| LI-MEI LIM | TRUSTEE Trustee or director | 1 | $0 |
| AMANDA TUCKER | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSHUA GREENE | TRUSTEE Trustee or director | 1 | $0 |
| GLENN STEVENS | TREASURER Trustee or director, Officer | 1 | $0 |
| WAN-YIN WU | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARJORY BARUCH | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| HENRY COHN | SECRETARY Trustee or director, Officer | 1 | $0 |
| PAUL SHERMAN | TRUSTEE - RESIGNED APRIL 2023 Trustee or director | 1 | $0 |
| MICHAEL KING | TRUSTEE Trustee or director | 1 | $0 |
| ILA VARMA | TRUSTEE Trustee or director | 1 | $0 |
| CAMERON FREER | TRUSTEE Trustee or director | 1 | $0 |
| CALEB SHOR | TRUSTEE Trustee or director | 1 | $0 |
| LI-MEI LIM | TRUSTEE Trustee or director | 1 | $0 |
| AMANDA TUCKER | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 15502, BOSTON, MA 02215-0009
- In care of
- % MARJORY BARUCH
- Principal officer (990 for 2024)
- GLENN STEVENS, PO BOX 15502, BOSTON, MA 02215
- Signed the 990
- GLENN STEVENS, TREASURER
- Phone
- (617) 353-2563
- Website
- PROMYSFOUNDATION.ORG
- 990-N for 2012 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Glenn Stevens, 88 Lancaster Terrace, Brookline MA 02446. Mailing address: PO Box 15502, Boston MA 02215. Website: www.promysfoundation.org
- Return prepared by
- JESSON OSLIN & ASSOC
Mission
ALL ACTIVITIES OF THE PROMYS FOUNDATION ARE DESIGNED TO SERVE A SINGLE PURPOSE: TO SUPPORT THE NON-PROFIT PROGRAM IN MATHEMATICS FOR YOUNG SCIENTISTS (PROMYS) WHOSE MISSION IS FINDING AND NURTURING TALENT IN MATHEMATICS. THE PROMYS PROGRAM IS A PROGRAM OF BOSTON UNIVERSITY, AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND SECTION 170(B)(I)(A)(II). THE ACTIVITIES OF THE PROMYS FOUNDATION WILL CENTER ON FUNDRAISING WITH THE PRIMARY GOAL BEING TO PROVIDE FUNDS TO PROMYS TO FUND STUDENT SCHOLARSHIPS.
Program accomplishments
- THE PROMYS FOUNDATION WAS DELIGHTED TO FUND $905,748 IN MISSION-RELATED ACTIVITIES IN 2024 INCLUDING SUPPORTING NEED-BASED FINANCIAL AID FOR 24 STUDENTS AT PROMYS 2024. THIRTEEN FULL SCHOLARSHIPS WERE AWARDED INCLUDING THE BREAKOUT FELLOWSHIP AND JANE STREET FELLOWSHIPS. 38% OF ALL FINANCIAL AID RECIPIENTS IN 2024 HAD FAMILY INCOMES UNDER $41,000 A YEAR. EIGHTY-TWO HIGH SCHOOL STUDENTS, 23 UNDERGRADUATE COUNSELORS, AND 2 JUNIOR COUNSELORS PARTICIPATED IN PROMYS 2024 ON THE CAMPUS OF BOSTON UNIVERSITY. THANKS TO GENEROUS SUPPORT FROM THE POLYNERA FUND AND JANE STREET, PROMYS FOUNDATION HELPED FUND PROMYS PATHWAYS AND PROMYS FOR TEACHERS, BOTH RUN AT BOSTON UNIVERSITY.PROMYS WAS EXCITED TO RUN THE 2ND SUMMER OF PROMYS INDIA IN 2024 IN PARTNERSHIP WITH THE INDIAN INSTITUTE OF SCIENCE (IISC) BANGALORE. TWENTY-EIGHT HIGH SCHOOL STUDENTS AND NINE COUNSELORS PARTICIPATED. PROMYS INDIA 2024 WAS FREE FOR ALL STUDENTS THANKS TO GENEROUS SUPPORT FROM OUR PARTNERS AND DONORS. THE FOUNDING SPONSORS OF PROMYS INDIA ARE NICK NASH & PHALGUN RAJU, AVI AND SANDRA NASH, AND THE INDIRA FOUNDATION. WE ARE ALSO VERY GRATEFUL FOR THE GENEROSITY OF THE PACKARD FOUNDATION, JANE STREET, AND SQUAREPOINT FOUNDATION.Expenses $938,054 · grants $905,748
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2917981
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $1,548,919
- Income (IRS master file)
- $540,886
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $540,886 | $948,804 | $1,548,919 | XML |
| 990 | December 2023 | $977,797 | $493,575 | $1,946,644 | XML |
| 990 | December 2022 | $867,128 | $404,975 | $1,448,389 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2012 Officer: Glenn Stevens Filed under this EIN, most likely by a chapter or affiliate | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2917981).
Questions about PROMYS FOUNDATION
- What is the EIN of PROMYS FOUNDATION?
- The employer identification number (EIN) of PROMYS FOUNDATION is 45-2917981.
- Is PROMYS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to PROMYS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROMYS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROMYS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROMYS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PROMYS FOUNDATION?
- The 990 for the year ended December 31, 2024 names GLENN STEVENS.
- Who are the officers and directors of PROMYS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does PROMYS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $540,886, expenses of $948,804 and total assets of $1,548,919 at year end.
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