Southern Initiative of the Algebra

SUMMERVILLE, SC EIN: 45-0472837 Website

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.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$77K

+41.3% YoY

Annual Giving

Grant Count

0

Avg Grant Size

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$227K$454K$681K$908K201920202021202220232024
Metric202420232022
Total Assets$76,875$54,388$119,970
Revenue$556,149$462,809$349,503
Expenses$536,450$499,809$586,329
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$7K$15K$22K$29K0 grants20190 grants20201 grants20211 grants20220 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Southern Initiative of the Algebra fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

DAVID J DENNIS SREXECUTIVE DIRECTOR$89K

From 2024 filing

NameTitleHoursCompensation
JON HALEBOARD MEMBER1.5
DAVID J DENNIS SREXECUTIVE DIRECTOR40$89,100
ERNEST JONESCHAIRMAN OF THE BOARD2
RENEE HILLVICE CHAIRMAN OF THE BOARD2
ERNEST BROOKSTREASURER OF THE BOARD2
LAKSHMI SRIDARANSECRETARY OF THE BOARD1.25

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

Cities

CAMBRIDGE

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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