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Nonprofiteer
← SOUTHERN INITIATIVE OF THE ALGEBRA PROJECT INC

Form 990 for tax year 2022

Filed by SOUTHERN INITIATIVE OF THE ALGEBRA PROJECT INC.

Totals

Total revenue
$349,503
Total expenses
$586,329
Contributions and grants received
$87,294
Grants paid
$26,500
Program service revenue
$253,386
Investment income
$0
Other revenue
$8,823
Total assets, end of year
$119,970
Total liabilities, end of year
$28,582
Net assets or fund balances, end of year
$91,388
Program services expenses (Part IX)
$445,895
Management and general expenses
$140,434
Fundraising expenses
$0
Program service expenses (Part III)
$445,895

Program services were 76.0% 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

    $87,294

  • 2a · Program service revenue: UDC INCOME

    total $253,386 · related or exempt $253,386

  • 11a · Other revenue: MISC OTHER INCOME

    total $5,388 · related or exempt $5,388

  • 11b · Other revenue: REIMBURSEMENTS

    total $3,435 · related or exempt $3,435

  • 11e · Other revenue, total

    $8,823

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,500 · program services $26,500

  • 5 · Compensation of officers, directors and key employees

    total $91,000 · management and general $91,000

  • 7 · Other salaries and wages

    total $14,900 · management and general $14,900

  • 10 · Payroll taxes

    total $6,801 · management and general $6,801

  • 11c · Fees: accounting

    total $17,340 · management and general $17,340

  • 11g · Fees: other

    total $365,594 · program services $365,594

  • 13 · Office expenses

    total $7,145 · management and general $7,145

  • 17 · Travel

    total $53,801 · program services $53,801

  • 23 · Insurance

    total $2,392 · management and general $2,392

  • 24a · Other expenses: PLANNING

    total $856 · management and general $856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $288,663 · end of year $80,074

  • 4 · Accounts receivable

    beginning of year $65,593 · end of year $39,896

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,042 · end of year $28,582

  • 27 · Net assets without donor restrictions

    beginning of year $328,214 · end of year $91,388

Mission and programs · 2022

Mission

TO HELP COMMUNITIES INCREASE THEIR CAPACITY TO ENSURE A QUALITY EDUCATION FOR THE SUCCESS OF EVERY CHILD.

Activities or mission (Part I)

TO PROMOTE AND PROVIDE ASSISTANCE IN PROFESSIONAL DEVELOPMENT OF TEACHERS, UTILIZING " ALGEBRA PROJECT" INSTRUCTIONAL MATERIALS AND PEDAGOGY.

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

    Expenses $445,895 · Grants $26,500 · Revenue $253,386

As filed on the 2022 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

  • Ernest Jones

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Renee Hill

    VICE CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Ernest Brooks

    TREASURER OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Lakshmi Sridaran

    SECRETARY OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Jon Hale

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David J Dennis Sr

    EXECUTIVE DIRECTOR

    Total calculated
    $91,000
    From this org
    $91,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • ALGEBRA PROJECT INC

    $26,500

    PAYMENTS TO THIS COMPANY IS FOR THE SERVICES OF THE CONSULTANTWILLIAM CROMBIE IN HIS CAPACITY AS CURRICULUM AND TRAINING CONSULTANT ACROSS SITES FOR SIAP.

Provenance

Return type
form_990
Tax year
2022
Filed
14 March 2023
IRS schema version
2022v4.1
Source object
202310739349301716

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