Southern Initiative of the Algebra Project Inc

Nonprofit profile at a glance

EIN
450472837
IRS 990 coverage
2010–2025
Forms available
Form 990 2025, Form 990-N 2009
Location
Summerville, SC, USA
Phone
8438793046
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$479,217
Expenses
$441,275
Assets
$119,889
Liabilities
$3,994

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • DAVID J DENNIS SR (EXECUTIVE DIRECTOR)

Highest reported compensation

  • DAVID J DENNIS SR (EXECUTIVE DIRECTOR): $114,900 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2025

The southern initiative of the algebra project, inc. (siap) implemented the siap pk-16 model for education at 2 sites in the united states during 2025. The model involves four components: (1) professional development for educators, modeling the expectations for educators and their students; (2) the design team process, pulling together across the community at large the necessary human and other resources to support teachers and their students toward all students being college- or career-ready upon graduation from high school; (3) partnerships with institutes of higher learning, particularly historically black colleges and universities, serving as anchors for educational support and sustainability for teachers and students; and (4) youth leadership development, teaching high school and university students to serve as tutors and mentors for pk-12 students in teachers' classrooms and in after-school, weekend, and summer programs.the 2 program sites for 2025 follow: jackson ms project--siap provided professional development for math educators in the lanier feeder pattern of the jackson public schools district. Classroom visitations and saturday workshops were conducted in spring 2025. Design team meetings were held through out the year, bringing together representatives from siap, the school district, jackson state university, and the greater community. The siap/jps/jsu collaborative made significant strides in establishing an education/research center to be housed at jsu, committed to the four components of siap. Funded as a subaward of a vsu-nsf grant.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87%; rating input score 87
  • Program expense ratio: 94.4%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 7.9%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 0.27; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 26%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 9.7% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 7.3% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 87% of revenue deployed · 94.4% of spending went to programs
  • Governance: 5 of 5 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $417K in reported program spending
  • Leadership: top reported pay $115K · 6 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • Review — Sustainability: Operating margin scored 53/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.