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Nonprofiteer
← THE ALGEBRA PROJECT INC

Form 990 for tax year 2023

Filed by THE ALGEBRA PROJECT INC.

Totals

Total revenue
$1,070,590
Total expenses
$1,275,670
Contributions and grants received
$759,919
Grants paid
$0
Program service revenue
$305,359
Investment income
$5,312
Other revenue
$0
Total assets, end of year
$515,751
Total liabilities, end of year
$166,686
Net assets or fund balances, end of year
$349,065
Program services expenses (Part IX)
$956,108
Management and general expenses
$286,767
Fundraising expenses
$32,795
Program service expenses (Part III)
$956,108

Program services were 74.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $420,061

  • 1f · All other contributions, gifts and grants

    $339,858

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $305,359 · related or exempt $305,359

  • 3 · Investment income

    total $5,312 · related or exempt $5,312

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $426,126 · program services $270,860 · management and general $135,757 · fundraising $19,509

  • 9 · Other employee benefits

    total $115,713 · program services $73,551 · management and general $36,864 · fundraising $5,298

  • 16 · Occupancy

    total $55,828 · program services $8,724 · management and general $47,104

  • 17 · Travel

    total $174,883 · program services $172,229 · management and general $2,654

  • 22 · Depreciation, depletion and amortization

    total $755 · program services $461 · management and general $287 · fundraising $7

  • 24a · Other expenses: CONSULTANTS

    total $477,454 · program services $420,436 · management and general $53,267 · fundraising $3,751

  • 24b · Other expenses: PROGRAM SUPPORT

    total $10,233 · program services $2,746 · management and general $6,715 · fundraising $772

  • 24c · Other expenses: OTHER PROGRAM COSTS

    total $7,374 · program services $1,728 · management and general $2,188 · fundraising $3,458

  • 24d · Other expenses: MATERIALS & SUPPLIES

    total $7,304 · program services $5,373 · management and general $1,931 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $479,350 · end of year $268,148

  • 4 · Accounts receivable

    beginning of year $122,594 · end of year $183,456

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,166 · end of year $4,136

  • 10a · Land, buildings and equipment: cost or other basis

    $51,929

  • 10b · Land, buildings and equipment: accumulated depreciation

    $50,392

  • 10c · Land, buildings and equipment, net

    beginning of year $2,292 · end of year $1,537

  • 14 · Intangible assets

    beginning of year $82,852 · end of year $58,474

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,481 · end of year $101,928

  • 19 · Deferred revenue

    beginning of year $4,690 · end of year $4,690

  • 25 · Other liabilities

    beginning of year $83,938 · end of year $60,068

  • 27 · Net assets without donor restrictions

    beginning of year $554,145 · end of year $281,238

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $67,827

Mission and programs · 2023

Mission

THE ALGEBRA PROJECT, INC., FOCUSES ON ESTABLISHING A NEW BENCHMARK OF MATHEMATICS LITERACY FOR PREVIOUSLY LOW-PERFORMING SCHOOL CHILDREN ATTENDING PUBLIC SCHOOLS IN UNDER-SERVED INNER CITY AND RURAL DISTRICTS.

Activities or mission (Part I)

IMPROVE MATHEMATICS LITERACY

  • THE ALGEBRA PROJECT, INC., FOCUSES ON ESTABLISHING A NEW BENCHMARK OF MATHEMATICS LITERACY FOR PREVIOUSLY LOW-PERFORMING SCHOOL CHILDREN ATTENDING PUBLIC SCHOOLS IN UNDER-SERVED INNER CITY AND RURAL DISTRICTS.

  • Expenses $956,108

As filed on the 2023 return.

Listed in Part VII

  • Khari Milner

    CHAIRMAN, ACTING PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Ladon Love

    VICE CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    2

  • Danny Glover

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Beverly Jo Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Herbert Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ivan Samstein

    CLERK OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Courtland Cox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robin Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Benajmin Moynihan

    EXECUTIVE DIRECTOR

    Total calculated
    $131,734
    From this org
    $131,734
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Edwige A Kenmegne

    DIRECTOR OF FINANCE & ACCO

    Total calculated
    $120,686
    From this org
    $120,686
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • William Crombie

    DIRECTOR OF PROFESSIONAL D

    Total calculated
    $168,477
    From this org
    $168,477
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $168,477
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,477

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202520449349301492

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