SUMMERVILLE, SC
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Sign In — Free (10 views/day)SOUTHERN INITIATIVE OF THE ALGEBRA PROJECT INC, founded in 2002, is a small nonprofit in the Education sector that reported $479K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Expenses of $441K left a modest 8% surplus.
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.
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)...
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.
NEW ORLEANS LA PROJECT--SIAP PROVIDED PROFESSIONAL DEVELOPMENT FOR MATH EDUCATORS IN TWO SCHOOLS (BENJAMIN FRANKLIN ELEMENTARY MATHEMATICS AND SCIENCE SCHOOL AND THE NEW ORLEANS CHARTER SCIENCE AND...
NEW ORLEANS LA PROJECT--SIAP PROVIDED PROFESSIONAL DEVELOPMENT FOR MATH EDUCATORS IN TWO SCHOOLS (BENJAMIN FRANKLIN ELEMENTARY MATHEMATICS AND SCIENCE SCHOOL AND THE NEW ORLEANS CHARTER SCIENCE AND MATHEMATICS HIGH SCHOOL). CLASSROOM VISITATIONS AND SATURDAY WORKSHOPS WERE CONDUCTED IN SPRING 2025. SCHOOL LEADERSHIP ASSISTANCE WAS ALSO PROVIDED THROUGHOUT THE YEAR FOR THE ADMINISTRATORS OF THE TWO SCHOOLS. DESIGN TEAM MEETINGS WERE HELD MONTHLY, BRINGING TOGETHER REPRESENTATIVES FROM SIAP, THE SCHOOLS, THE SCHOOL DISTRICT, AND COMMUNITY BUSINESSES AND ORGANIZATIONS. FUNDED BY THE W.K. KELLOGG FOUNDATION.PETERSBURG, VA--SIAP WORKED WITH THE PRINCIPAL INVESTIGATOR(VIRGINIA STATE UNIVERSITY) FOR VSU'S NSF GRANT THAT WAS FUNDING WORK ACROSS MULTIPLE SITES. VSU WAS INVOLVED IN RESEARCH WITH FIVE UNIVERSITIES (DILLARD, XAVIER, JSU, VUU, AND VSU). THE FUNDS SIAP RECEIVED FROM VSU WERE DESIGNATED FOR USE IN THE JACKSON MS PROJECT FOR THE IMPLEMENTATION OF THE SIAP PK-16 MODEL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $479,217 | $556,149 | -0.1% |
| Expenses | $441,275 | $536,450 | -0.2% |
| Net Income | $37,942 | $19,699 | +0.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR JON HALE | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| DAVID J DENNIS SR | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$114,900 | $0 | $114,900 |
| ERNEST JONES | CHAIRMAN OF THE BOARD | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR RENEE A HILL | VICE CHAIRMAN OF THE BOARD | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERNEST BROOKS | TREASURER OF THE BOARD | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAKSHMI SRIDARAN | SECRETARY OF THE BOARD | 1.25 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $479,217 | $441,275 | $119,889 | $37,942 |
| 2024 | $556,149 | $536,450 | $76,875 | $19,699 |
| 2023 | $462,809 | $499,809 | $54,388 | $-37,000 |
| 2022 | $349,503 | $586,329 | $119,970 | $-236,826 |
| 2021 | $476,348 | $600,250 | $354,256 | $-123,902 |
| 2020 | $391,488 | $533,916 | $444,182 | $-142,428 |
| 2019 | $825,904 | $492,441 | $586,610 | $333,463 |
| 2018 | $613,717 | $447,558 | $253,147 | $166,159 |
Compare SOUTHERN INITIATIVE OF THE ALGEBRA PROJECT INC with other nonprofits in South Carolina and across the country.