Southern Initiative of the Algebra
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.
Southern Initiative of the Algebra at a glance
- Total assets
- $119,889
- +56.0% vs 2024
- Revenue (2025)
- $479,217
- -13.8% vs 2024
- Expenses (2025)
- $441,275
- -17.7% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Southern Initiative of the Algebra funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2022, annual grant giving ranged from $27K (2022) to $29K (2021). In 2022 it made 1 grant totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Algebra Project Inc Cambridge, MA | Payments to this company is for the services of the consultantwilliam crombie in his capacity as curriculum and training consultant across sites for siap. | $26,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $119,889 | $479,217 | $441,275 | — | — |
| 2024 | $76,875 | $556,149 | $536,450 | — | — |
| 2023 | $54,388 | $462,809 | $499,809 | — | — |
| 2022 | $119,970 | $349,503 | $586,329 | $26,500 | 1 |
| 2021 | $354,256 | $476,348 | $600,250 | $29,000 | 1 |
| 2020 | $444,182 | $391,488 | $533,916 | — | — |
| 2019 | $586,610 | $825,904 | $492,441 | — | — |
About Southern Initiative of the Algebra
Based on IRS filings
Southern Initiative of the Algebra is a public charity focused on Education, based in Summerville, SC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $120K in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Southern Initiative of the Algebra is led by David J. Dennis Sr., Executive Director since 2020 (on filings since 2019); 1 of 6 officers listed in 2025 is compensated.
Officers on the 2025 filing
David J. Dennis Sr.
Executive Director
Director → Executive Director, 2020
On filings since 2019
40 hrs/week
$92K (2020) → $115K (2025)
Ernest Jones
Chairman of the Board
On filings since 2019
2 hrs/week
$5K (2020) → $0 (2025)
Ernest Brooks
Treasurer of the Board
On filings since 2019
2 hrs/week
No compensation reported
Jon Hale
Board Member
On filings since 2019
1.5 hrs/week
No compensation reported
Lakshmi Sridaran
Secretary of the Board
On filings since 2019
1.3 hrs/week
No compensation reported
Renee A. Hill
Vice Chairman of the Board
On filings since 2019
2 hrs/week
No compensation reported
Former officers (3)
- Former: Jessie Cooper-Gibbs (2019–2020) — Associate Director Profess
- Former: Nancy Ledford Dennis (2019–2020) — Operations Manager
- Former: Doris Williams (2020) — Project Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $115K, to David J Dennis Sr (Executive Director).
Frequently asked questions about Southern Initiative of the Algebra
How large is Southern Initiative of the Algebra?
Southern Initiative of the Algebra reported $120K in total assets on its 2025 IRS Form 990. Its revenue that year was $479K.
What is Southern Initiative of the Algebra?
Southern Initiative of the Algebra is a public charity focused on Education, based in Summerville, SC. It holds $120K in total assets as of 2025.
Where does Southern Initiative of the Algebra operate?
Southern Initiative of the Algebra has awarded grants in Massachusetts.
What is Southern Initiative of the Algebra's EIN?
Southern Initiative of the Algebra's EIN (Employer Identification Number) is 45-0472837. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Southern Initiative of the Algebra funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Southern Initiative of the Algebra's focus areas in our free grants database
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