Skip to content
Nonprofiteer
← SOUTHERN INITIATIVE OF THE ALGEBRA PROJECT INC

Form 990 for tax year 2024

Filed by SOUTHERN INITIATIVE OF THE ALGEBRA PROJECT INC.

Totals

Total revenue
$556,149
Total expenses
$536,450
Contributions and grants received
$555,322
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$827
Total assets, end of year
$76,875
Total liabilities, end of year
$2,788
Net assets or fund balances, end of year
$74,087
Program services expenses (Part IX)
$420,462
Management and general expenses
$115,988
Fundraising expenses
$0
Program service expenses (Part III)
$420,462

Program services were 78.4% 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.

  • 1f · All other contributions, gifts and grants

    $555,322

  • 11a · Other revenue: MISC OTHER INCOME

    total $827 · related or exempt $827

  • 11e · Other revenue, total

    $827

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $89,100 · management and general $89,100

  • 9 · Other employee benefits

    total $12,576 · management and general $12,576

  • 10 · Payroll taxes

    total $6,819 · management and general $6,819

  • 11c · Fees: accounting

    total $2,250 · management and general $2,250

  • 11g · Fees: other

    total $327,370 · program services $327,370

  • 13 · Office expenses

    total $97,678 · program services $92,435 · management and general $5,243

  • 17 · Travel

    total $657 · program services $657

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,388 · end of year $76,875

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,788

  • 27 · Net assets without donor restrictions

    beginning of year $54,388 · end of year $74,087

Mission and programs · 2024

Mission

TO HELP COMMUNITIES INCREASE THEIR CAPACITY TO ENSURE A QUALITY EDUCATION FOR THE SUCCESS OF EVERY CHILD THROUGH THE IMPLEMENTATION OF SIAP'S PK-16 MODEL FOR EDUCATION--THE FOUR COMPONENTS OF WHICH ARE SITE/COMMUNITY DEVELOPMENT, PROFESSIONAL DEVELOPMENT FOR EDUCATORS, YOUTH LEADERSHIP DEVELOPMENT, AND INSTITUTES OF HIGHER LEARNING PARTNERSHIPS.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $250,103 · Revenue $330,322

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $170,359 · Revenue $225,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Jon Hale

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • David J Dennis Sr

    EXECUTIVE DIRECTOR

    Total calculated
    $89,100
    From this org
    $89,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ernest Jones

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Renee Hill

    VICE CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Ernest Brooks

    TREASURER OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Lakshmi Sridaran

    SECRETARY OF THE BOARD

    Total calculated
    $0
    Hours/week
    1.25

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 April 2025
IRS schema version
2024v5.1
Source object
202511009349301251

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.