NonprofitsAlgae Foundation

Environment

Algae Foundation

POLAND, ME

Total revenue

$1.2M

Total expenses

$1.1M

Net assets

$1.5M

Grants received

$245K

7 grants

EIN

462312083

Tax year

2024

Mission

The algae foundation's mission is to promote the power of algae to transform human society and environment upon which it depends and to facilitate a future in which algae are a fundamental source of energy, nutrition, products, and ecological services for sustainable societies globally.

Programs

4 programs

The algae technology educational consortium (atec) - to develop novel educational programs to strengthen industry workforce capabilities, by focusing on the skills needed to support the commercialization of algae products.

Expenses: $426K

The algae academy - to utilize algae as a tool to effectively meet the four disciplines of stem in an interdisciplinary and applied approach by showcasing various aspects of algae technology and real-world examples of how algae creates a more sustainable planet.

Expenses: $158K

Summer algae science institute - to provide a hands-on professional development training that introduces educators to the algae foundation's k-12 algae academy curriculum.

Expenses: $46K

Algae in agriculture education alliance - to enhance the quality of secondary school instruction to help meet the current and future national food and agricultural science workplace needs through the creation and implementation of new, hands-on curriculum that approaches traditional agricultural topics using algae as the vehicle for innovation.

Expenses: $18KGrants: $2K

Financials

FY 2024

Revenue

Contributions & grants$194K
Program service revenue$927K
Investment income$80K
Other revenue$101
Total revenue$1.2M

Expenses

Grants paid$2K
Salaries & benefits$567K
Fundraising$70K
Other expenses$550K
Total expenses$1.1M
Total assets$1.6M
Net assets$1.5M

People

8 listed

NameRoleCompensation

IRA LEVINE

CEO

Board

$221K

40 hrs/wk

JAKOB NALLEY

SECRETARY

Board

1.35 hrs/wk

PHILIP PIENKOS

BOARD MEMBER

Board

2.88 hrs/wk

JESSE TRALLER OJEDA

CO-VICE CHAIR

Board

3.46 hrs/wk

TIFFANY CANNIS

BOARD CHAIR

Board

17.31 hrs/wk

EDMUND GAITHER

TREASURER

Board

4.23 hrs/wk

PETER KOFFLER

BOARD MEMBER

Board

0.58 hrs/wk

GREG MITCHELL

CO-VICE CHAIR

Board

1.92 hrs/wk

Grants received

Showing 7 of 7

FromAmountPurposeYear
$55K
To support The Algae Foundation in the collaboration entitled Prairieview A&M Algae Center of Excellence
2023
$25K
For a Ross Strategic scoping and tactical planning contract
2023
$30K
Prairieview A&M Algae Center of Excellence for Climate Resilient Food-Energy-Water Systems (PACE-FEWS)
2022
$20K
To promote the power of algae to transform human society and the environment
2020

Funded by

$245K from 2 funders · 7 grants · 2020–2024

The Cynthia & George Mitchell Foundation

$130K · 4 grants · 2020–2023

Greater Houston Community Foundation

$115K · 3 grants · 2022–2024

Details

EIN462312083
NTEE codeC60
Subsection03
Ruling date2014-06
Formed2013
Employees10
Volunteers28
ALGAE FOUNDATION — Mission, Financials & Grants Received | Grantivo