The Algebra Project INC FY2022 filing

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Improve mathematics literacy

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$385K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $24K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$385K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $60K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$46K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-9% vs prior year
Spent
$1.0M
To programs
72%
Net assets
$929K
By yearFY2021–FY2025
Revenue
$1.2M
FY2022▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$1.2M
FY2023$842K
FY2024$1.1M
FY2025$1.1M
Expenses
$1.0M
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2021$992K
FY2022$1.0M
FY2023$998K
FY2024$1.3M
FY2025$1.4M
Net assets
$929K
FY2022▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2021$759K
FY2022$929K
FY2023$554K
FY2024$349K
FY2025$238K

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $718K Management & general 26% · $260K Fundraising 2% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $385K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director of Professional D
$154,020Pt VII · Sec A
Interim Executive Director
$120,430Pt VII · Sec A
Director of Finance & Acco
$110,330Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman of the Board, Acting President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairwoman
$0Pt VII · Sec A

William Crombie’s $174K as Director of Professional D is at the 75th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
William Crombie$173,531$168,477—$154,020$151,100
Robert Moses————$165,291
Benajmin Moynihan$135,686$131,734$124,043$120,430$116,993
Edwige a Kenmegne$124,307$120,686—$110,330$107,222
Aidan Soguero$76,000————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Algebra Project INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

The Algebra Project INC is an education nonprofit based in Cambridge, MA.

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1 program · in their own filed words · FY2021
01

The algebra project, inc., focuses on establishing a new benchmark of mathematics literacy for previously low-performing school children attending public schools in under-served inner city and rural districts.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$60K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Sep 2017 · $882K federal money spent
Education and Human ResourcesNational Science Foundation · ALN 47.076 · Direct$430K
Mathematical and Physical SciencesNational Science Foundation · ALN 47.049 · Direct$254K
Computer and Information Science and EngineeringNational Science Foundation · ALN 47.070 · Direct$198K

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$870K
Fees for servicesLn 2g$302K
Money outPt IX
$1.0M
Ln 25
Programscol B$718K
Managementcol C$260K
Fundraisingcol D$24K
Owns and owesPt X
$929K
net assets · Ln 32
Cash and savingsLn 1–2$762K
Total assetsLn 16$975K
LiabilitiesLn 26$46K
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$870K
Government grantsLn 1e$120K
Fees for servicesLn 2g$302K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$762K
Cash and savings togetherLn 1–2$762K
Accounts receivableLn 4$202K
Prepaid expenses and deferred chargesLn 9$7K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$975K
LiabilitiesLn 26$46K
Net assetsLn 32$929K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$759K$762K
Land, buildings, equipmentLn 10c$137$4K
Total assetsLn 16$827K$975K
LiabilitiesLn 26$67K$46K
Net assetsLn 32$759K$929K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$394K$246K$133K$15K
Other employee benefitsLn 9$110K$68K$37K$4K
OccupancyLn 16$38K$2K$36K
TravelLn 17$69K$67K$2K
Depreciation, depletion and amortizationLn 22$853$520$324$9
Other expenses (24a–d)Ln 24$390K$334K$51K$5K
Total functional expensesLn 25$1.0M$718K$260K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 10, 2026 $1.1M$1.4M−$229K$238K 990 PDF
FY2024Filed with the IRS Feb 13, 2025 $1.1M$1.3M−$205K$349K 990 PDF
FY2023Filed with the IRS Feb 15, 2024 $842K$998K−$156K$554K 990 PDF
FY2022 ViewingFiled with the IRS Feb 15, 2023 $1.2M$1.0M$170K$929K 990 PDF
FY2021Filed with the IRS Feb 8, 2022 $1.3M$992K$301K$759K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,172,122 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,026,979$869,907
I-9 Program service revenuePrior year $265,870$302,215
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,292,849$1,172,122
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $639,521$503,425
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $352,430$498,768
I-18 Total expensesPrior year $991,951$1,002,193
I-19 Revenue less expensesPrior year $300,898$169,929
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,172,122 across 5 lines filed
VIII-1e Government grants$119,761
VIII-1f All other contributions, gifts and grants$750,146
VIII-1h Total contributions, gifts and grants$869,907
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $302,215$302,215
VIII-12 Total revenueRelated to mission $302,215 · Unrelated business $0 · Excluded from tax $0$1,172,122
Part IX · Statement of functional expenses $1,002,193 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $245,714 · Management $133,123 · Fundraising $14,896$393,733
IX-9 Other employee benefitsPrograms $68,455 · Management $37,087 · Fundraising $4,150$109,692
IX-16 OccupancyPrograms $2,351 · Management $35,862$38,213
IX-17 TravelPrograms $66,980 · Management $2,340$69,320
IX-22 Depreciation, depletion and amortizationPrograms $520 · Management $324 · Fundraising $9$853
IX-24 Other expenses (24a–d)Programs $334,176 · Management $51,207 · Fundraising $4,999$390,382
IX-25 Total functional expensesPrograms $718,196 · Management $259,943 · Fundraising $24,054$1,002,193
Part X · Balance sheet $975,202 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $759,108$762,284
X-4 Accounts receivableStart of year $62,604$201,960
X-9 Prepaid expenses and deferred chargesStart of year $4,791$7,360
X-10c Land, buildings and equipment, netStart of year $137$3,598
X-16 Total assetsStart of year $826,640$975,202
X-17 Accounts payable and accrued expensesStart of year $64,290$41,402
X-19 Deferred revenueStart of year $3,169$4,690
X-26 Total liabilitiesStart of year $67,459$46,092
X-27 Net assets without donor restrictionsStart of year $540,431$710,360
X-28 Net assets with donor restrictionsStart of year $218,750$218,750
X-32 Total net assets or fund balancesStart of year $759,181$929,110
X-33 Total liabilities and net assetsStart of year $826,640$975,202
Part XI · Reconciliation of net assets $929,110 net assets at year end
XI-1 Total revenue$1,172,122
XI-2 Total expenses$1,002,193
XI-3 Revenue less expenses$169,929
XI-4 Net assets at start of year$759,181
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$929,110

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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