Improve mathematics literacy

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$421K 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

FY2024 · 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$421K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
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
$167K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+27% vs prior year
Spent
$1.3M
To programs
75%
Net assets
$349K
By yearFY2021–FY2025
Revenue
$1.1M
FY2024▲ +27%
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
$1.3M
FY2024▲ +28%
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
$349K
FY2024▼ -37%
Tap a bar for its year
Net assets by fiscal year
FY2021$759K
FY2022$929K
FY2023$554K
FY2024$349K
FY2025$238K

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

75 cents of each dollar spent went to programs.

Program services 75% · $956K Management & general 22% · $287K Fundraising 3% · $33K

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

11 people listed on the 990; $421K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director of Professional D
$168,477Pt VII · Sec A
Executive Director
$131,734Pt VII · Sec A
Director of Finance & Acco
$120,686Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman, Acting President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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.

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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 · FY2023
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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$760K
Fees for servicesLn 2g$305K
Investment incomeLn 3$5K
Money outPt IX
$1.3M
Ln 25
Programscol B$956K
Managementcol C$287K
Fundraisingcol D$33K
Owns and owesPt X
$349K
net assets · Ln 32
Cash and savingsLn 1–2$268K
Total assetsLn 16$516K
LiabilitiesLn 26$167K
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$760K
Government grantsLn 1e$420K
Fees for servicesLn 2g$305K
Investment incomeLn 3$5K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$268K
Cash and savings togetherLn 1–2$268K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$516K
LiabilitiesLn 26$167K
Net assetsLn 32$349K
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 FY24End FY24
Cash and savingsLn 1–2$479K$268K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$713K$516K
LiabilitiesLn 26$159K$167K
Net assetsLn 32$554K$349K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$426K$271K$136K$20K
Other employee benefitsLn 9$116K$74K$37K$5K
OccupancyLn 16$56K$9K$47K
TravelLn 17$175K$172K$3K
Depreciation, depletion and amortizationLn 22$755$461$287$7
Other expenses (24a–d)Ln 24$502K$430K$64K$8K
Total functional expensesLn 25$1.3M$956K$287K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.4M−$229K$238K 990 PDF
FY2024 Viewing $1.1M$1.3M−$205K$349K 990 PDF
FY2023 $842K$998K−$156K$554K 990 PDF
FY2022 $1.2M$1.0M$170K$929K 990 PDF
FY2021 $1.3M$992K$301K$759K 990 PDF

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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 FY2024 990 (6 parts)
Part I · Summary $1,070,590 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $613,606$759,919
I-9 Program service revenuePrior year $228,216$305,359
I-10 Investment incomePrior year $0$5,312
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $841,822$1,070,590
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 $493,860$541,839
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $504,177$733,831
I-18 Total expensesPrior year $998,037$1,275,670
I-19 Revenue less expensesPrior year −$156,215−$205,080
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $1,070,590 across 6 lines filed
VIII-1e Government grants$420,061
VIII-1f All other contributions, gifts and grants$339,858
VIII-1h Total contributions, gifts and grants$759,919
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $305,359$305,359
VIII-3 Investment incomeRelated to mission $5,312$5,312
VIII-12 Total revenueRelated to mission $310,671 · Unrelated business $0 · Excluded from tax $0$1,070,590
Part IX · Statement of functional expenses $1,275,670 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $270,860 · Management $135,757 · Fundraising $19,509$426,126
IX-9 Other employee benefitsPrograms $73,551 · Management $36,864 · Fundraising $5,298$115,713
IX-16 OccupancyPrograms $8,724 · Management $47,104$55,828
IX-17 TravelPrograms $172,229 · Management $2,654$174,883
IX-22 Depreciation, depletion and amortizationPrograms $461 · Management $287 · Fundraising $7$755
IX-24 Other expenses (24a–d)Programs $430,283 · Management $64,101 · Fundraising $7,981$502,365
IX-25 Total functional expensesPrograms $956,108 · Management $286,767 · Fundraising $32,795$1,275,670
Part X · Balance sheet $515,751 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $479,350$268,148
X-4 Accounts receivableStart of year $122,594$183,456
X-9 Prepaid expenses and deferred chargesStart of year $26,166$4,136
X-10c Land, buildings and equipment, netStart of year $2,292$1,537
X-14 Intangible assetsStart of year $82,852$58,474
X-16 Total assetsStart of year $713,254$515,751
X-17 Accounts payable and accrued expensesStart of year $70,481$101,928
X-19 Deferred revenueStart of year $4,690$4,690
X-25 Other liabilitiesStart of year $83,938$60,068
X-26 Total liabilitiesStart of year $159,109$166,686
X-27 Net assets without donor restrictionsStart of year $554,145$281,238
X-28 Net assets with donor restrictionsStart of year $0$67,827
X-32 Total net assets or fund balancesStart of year $554,145$349,065
X-33 Total liabilities and net assetsStart of year $713,254$515,751
Part XI · Reconciliation of net assets $349,065 net assets at year end
XI-1 Total revenue$1,070,590
XI-2 Total expenses$1,275,670
XI-3 Revenue less expenses−$205,080
XI-4 Net assets at start of year$554,145
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$349,065

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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