Background:
The MatheLite Project was initiated by, and presently is being conducted through a 501(c)(3) not-for-profit organization, the American Institute for the Improvement of MAthematics LEarning and Instruction ... a.k.a. the MALEI Mathematics Institute. The Institute presently is nurturing the advent of the MatheLite Project. Whether or not the Project will eventually be weaned from the Institute will be at the discretion of the Executive Board of the Project's continually expanding Community Advisory Council.

Meanwhile, the Project operates within all parameters that govern the operations of the MALEI Institute. Since its 1997 Oklahoma chartering, MALEI has been tax-exempt by virtue of its Oklahoma charter, but has been (IRS 990-N) exempt from IRS requirements for IRS certification of MALEI's tax-exempt status. Advent of the MatheLite Project will result in cancellation of that exemption, in 2012. The IRS certification is to be acquired this calendar year.

Among the governing parameters is the regulatory requirement that the Project's annual financial report must be of public record. So it is fitting for financial data pertaining to future funding to be shared, via this website, with members of the Council and prospective Tulsa shareholders in the Project. What follows is a survey of the Project's present financial status, and the Project's needs for the first quarter of 2012.

2012 Projections, first quarter:
Agenda:

Develop the Project's Community Advisory Council
Establish network with pertinent, local non-profit organizations
Develop collaboration network with local industries, businesses, and agencies
Generate funding for 2012
Develop protocols and procedures for clinical R&D
draft 3 Kitchen Fraction MatheLite movies
identify professional movie producers
Report progress to regional and national professional associations
prepare for test-piloting those in AAC Math Workshops

Anticipated costs (minimal services from volunteers: $120,000

2012 year-start $tatus:
A MatheLite bank account has been opened.
PayPal is set to receive donations and deposit to the MatheLite bank account

$-assets: near $0: donations are applied to expenses, as soon as received.

Obligations

Details: The MatheLite Vision of the Tulsa-OK Mathematical Literacy Project could not be effectively shared for local funding until: (1) a skeleton Community Advisory Council had been created; (2) an illustrative MatheLite movie had been drafted; (3) a special MatheLite Project website had been adequately constructed; (3) informative circulars had been developed; (4) state regulations had been satisfied; (5) fiscal systems for management of funds were established; and (6) an effective fund-raising program was readied for implementation.

That evolution has taken over a year of work ... done by the MACS Project, as a consulting service for the MALEI Institute. The MatheLite Project's rights to that progress depend on its compensation to the MACS Project.

The MACS Project's costs for providing that service included professorial comptensation plus expenses. Although some of those costs were covered by donations to the MALEI Institute, most of the MACS Project's costs have been covered by credit-card charges against the MACS Project.

$-Operating costs (first quarter): [Assuming that all professional and staff work is temporarily contributed by volunteers] approximately $2000/ mo: for recruitment of Council members, collaborating organizations, volunteers, and Math Fitness Clinic participants; for website development; for Project publicity; for fund-raising; and for minimal compulsory installments to the MACS Project.

$-budget (2012): [Assuming that professional, administrative, and staff positions would be minimally filled by mid-year] approximately $250,000 ... for $125,000 compensation for part-time administrator and part-time professor ... plus $125,000 for part-time support staff and expenses.