Civic Intelligence

Algae Biomass Organization

990 • Fiscal year 2022 • EIN 26-2691686

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

125 St Paul Street NW PO Box 369Preston, MN 55965-0369

(507) 765-2134

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

3.13x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

0.36x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

55th percentile

4.8%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$28,432

Up $3,391 (+14%) from 2021

Net Assets

Up

-$60,682

Up $11,998 (+17%) from 2021

Liabilities

Down

$89,114

Down $8,607 (-8.8%) from 2021

Revenue

Down

$248,663

Down $123,414 (-33%) from 2021

Expenses

Down

$236,665

Down $124,509 (-34%) from 2021

Net Income

Up

$11,998

Up $1,095 (+10%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$200K$0-$200K-$400KAssets 2010: $116,647Liabilities 2010: $91,357Net Assets 2010: $25,2902010Assets 2011: $306,281Liabilities 2011: $309,301Net Assets 2011: -$3,0202011Assets 2013: $94,202Liabilities 2013: $96,216Net Assets 2013: -$2,0142013Assets 2014: $36,592Liabilities 2014: $191,431Net Assets 2014: -$154,8392014Assets 2015: $53,899Liabilities 2015: $261,531Net Assets 2015: -$207,6322015Assets 2016: $37,045Liabilities 2016: $184,482Net Assets 2016: -$147,4372016Assets 2017: $15,989Liabilities 2017: $125,733Net Assets 2017: -$109,7442017Assets 2018: $16,504Liabilities 2018: $289,058Net Assets 2018: -$272,5542018Assets 2019: $42,851Liabilities 2019: $157,074Net Assets 2019: -$114,2232019Assets 2020: $36,102Liabilities 2020: $119,685Net Assets 2020: -$83,5832020Assets 2021: $25,041Liabilities 2021: $97,721Net Assets 2021: -$72,6802021Assets 2022: $28,432Liabilities 2022: $89,114Net Assets 2022: -$60,6822022Assets 2023: $19,277Liabilities 2023: $101,435Net Assets 2023: -$82,1582023Assets 2024: $13,406Liabilities 2024: $73,757Net Assets 2024: -$60,3512024

Highlighted filing

2022

Assets$28,432
Liabilities$89,114
Net Assets-$60,682

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $778,3482010Expenses 2011: $910,3492011Revenue 2013: $1,050,165Expenses 2013: $1,028,597Net Income 2013: $21,5682013Revenue 2014: $919,696Expenses 2014: $1,072,521Net Income 2014: -$152,8252014Revenue 2015: $920,501Expenses 2015: $973,294Net Income 2015: -$52,7932015Revenue 2016: $943,200Expenses 2016: $883,005Net Income 2016: $60,1952016Revenue 2017: $789,718Expenses 2017: $752,025Net Income 2017: $37,6932017Revenue 2018: $666,327Expenses 2018: $829,060Net Income 2018: -$162,7332018Revenue 2019: $683,814Expenses 2019: $525,483Net Income 2019: $158,3312019Revenue 2020: $344,790Expenses 2020: $314,150Net Income 2020: $30,6402020Revenue 2021: $372,077Expenses 2021: $361,174Net Income 2021: $10,9032021Revenue 2022: $248,663Expenses 2022: $236,665Net Income 2022: $11,9982022Revenue 2023: $380,166Expenses 2023: $401,966Net Income 2023: -$21,8002023Revenue 2024: $376,631Expenses 2024: $354,824Net Income 2024: $21,8072024

Highlighted filing

2022

Revenue$248,663
Expenses$236,665
Net Income$11,998
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$248,663
Mission and Program Overview

Mission

Organization's primary purpose: the algae biomass organization ("abo") is organized exclusively as an independent trade association which qualifies as an exempt organization under section 501(c)(6) of the internal revenue code of 1986. The primary purpose of the abo is to improve business conditions in the algal biomass industry. The abo's purposes, as set forth in its articles of incorporation, generally support this primary purpose: a.to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae; b.to serve as a national and international trade association and voice for individuals, corporations and other business entities pursuing commercial applications for algal biomass, including, but not limited to, the use of algal biomass as a feedstock for transportation fuel and electrical generation, animal feed, wastewater rehabilitation, and nutraceuticals. C.to operate and function to: (i) facilitate informed business decisions based

Oragnization's primary purpose: the algae biomass organization ("abo") is organized exclusively as an independent trade association which qualifies as an exempt organization under section 501(c)(6) of the internal revenue code of 1986.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$14,979$25,790▲ $10,811
Accounts Receivable$6,920--
Savings and Temporary Cash Investments$3,142$1,642▼ $1,500
Prepaid Expenses and Deferred Charges-$1,000-
Rtn Earn Endowment Incm Other Fnds$-72,680$-60,682▲ $11,998
Total Assets$25,041$28,432▲ $3,391
Liabilities
Deferred Revenue$65,637$57,087▼ $8,550
Accounts Payable and Accrued Expenses$32,084$32,027▼ $57
Total Liabilities$97,721$89,114▼ $8,607
Net Assets / Fund Balance
Total Net Assets Fund Balance$-72,680$-60,682▲ $11,998
Total Liabilities and Net Assets / Fund Balance$25,041$28,432▲ $3,391
Compensation and Service Providers

Board Members and Trustees

NameTitle
Martin GrossPresident
Amha BelayDirector
Dan LevyDirector
David HazlebeckDirector
David RamjohnDirector
John BenemannDirector
Leslie BellasDirector
Lulu MauroDirector
Mike LamontDirector
Toshi IdeDirector
Jennifer JohansenPast Preside
Thomas ByrneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$165,365
Program Service Revenue
$0
Investment Income
$90
Other Revenue
$83,208
All Other Contributions
$1,192
Change in Net Assets
$11,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$248,663
Total Revenue per Audited Statements
$248,663
Total Revenue per Form 990
$248,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$135,676
Other Expenses$100,989
Total Fundraising Expense$21,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,720$24,492$12,246$122,458
Advertising$32,585$9,310$4,655$46,550
Conferences and Meetings$11,154$3,187$1,594$15,935
Information Technology$9,274--$9,274
Payroll Taxes$6,312$1,804$902$9,018
Office Expenses$7,841$163$81$8,085
Other Employee Benefits$2,940$840$420$4,200
Occupancy$2,730$780$390$3,900
Fees for Services Lobbying$3,000--$3,000
Fees for Services Management$1,932$552$276$2,760
Insurance$1,500$429$214$2,143
Other Expenses$563$1,775$254$563
Interest$162--$162
Total Functional Expenses$167,436$47,589$21,640$236,665

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$236,665
Total Expenses per Audited Statements$236,665
Total Expenses per Form 990$236,665
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$3,000
Total Nondeductible Lobbying and Political Cost$3,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

YES

Form 990, Page 6, Part VI, Line 7A

Once per year, in accordance with the bylaws and in an effort to fill vacant positions on the board of directors and those positions for those directors who's terms are expiring, the disinterested directors of the abo's board of directors determine whether to either (a) hold and election, whereby the members of the abo elect other members based on candidates submitted by the board, or (b) submit a slate of recommended directors to the membership for ratification by the membership in an "up-or-down" vote. The director recruitment committee recruits, interviews and makes recommendations to the board of candidates for either process and what process should be used in a given year, but the decision on both matters rests with the disinterested board of directors. If the number of candidates that the board is submitting to membership is greater than the number of open seats, the election process is used. The ratification process is used in the number of nominees is equal to or fewer than the number of open positions. The bylaws also contain provisions for the membership to propose write-in candidates as part of the ratification process. The board of directors elects a chairperson and vice-chairperson annually in the first meeting or second meeting following the annual election of ratification. The chairperson and vice-chairperson serve as president and vice president, respectively, during their one-year terms (unpaid). The board of directors approves all employment contracts.

Form 990, Page 6, Part VI, Line 9

Rebecca white 434 brighton dr white rock, nm 87547

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared by the treasurer and review by the executive director, chairperson of the board, board of directors (for review and commet) and legal counsel.

Form 990, Page 6, Part VI, Line 12C

Directors sign written acknowledgement of both the conflict of interest policy and the code of ethics.

Form 990, Page 6, Part VI, Line 15A

The hr committee of the board negotiates the compensation package for the executive director. The final compensation package is approved by a majority vote of the board of directors.

Form 990, Page 6, Part VI, Line 19

The board of directors receives documents at board meetings. Members can receive copies of documents upon request to the executive director. The articles of incorporation are publicly available from the secretary of state of washington. The articles and by-laws are available to members on the web site and the general public upon request.

Filing and Contact Details

Filer

Filer Name
Algae Biomass Organization
EIN
26-2691686
Phone
5077652134
Address
125 ST PAUL STREET NW PO BOX 369, PRESTON, MN 55965-0369

Signing Officer

Name
Thomas Byrne
Title
Treasurer
Phone
5079937161
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Gross
Formed
2008
Legal Domicile
Wa
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
25

Preparer

Firm
Carlsonsv Llp
Address
1321 NORTH BROADWAY PO BOX 725, NEW ULM, MN 56073-0725
Preparer
Thomas a Byrne CPA
Phone
5072988760
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Organization's primary purpose: the algae biomass organization ("abo") is organized exclusively as an independent trade association which qualifies as an exempt organization under section 501(c)(6) of the internal revenue code of 1986. The primary purpose of the abo is to improve business conditions in the algal biomass industry. The abo's purposes, as set forth in its articles of incorporation, generally support this primary purpose: a.to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae; b.to serve as a national and international trade association and voice for individuals, corporations and other business entities pursuing commercial applications for algal biomass, including, but not limited to, the use of algal biomass as a feedstock for transportation fuel and electrical generation, animal feed, wastewater rehabilitation, and nutraceuticals. C.to operate and function to: (i) facilitate informed business decisions based on sound science, best practices and the latest technologies; (ii) facilitate communications between businesses and individuals in the algal biomass industry, as well as those businesses, non-profit organizations, research institutions and others supporting the industry; and (iii) otherwise to further advance the introduction of algae commercial and business solutions to the marketplace. D.to act as an information clearinghouse for information related to algae, commercial applications, past and ongoing research, and the algal biomass industry in general. E.to educate the abo's members, policy makers, the media, those involved in other industry segments that will purchase or utilize algal-based products, and the general public regarding the commercialization and use of algal- based products, new technologies, best practices, and how the commercial use of algal biomass in certain applications can improve the environment, foster energy independence and the economy, by providing technical information and through the support and participation in educational opportunities, peer-reviewed articles, reports, studies, speaking engagements and other means and medium. F.to develop, advocate for and promote both business and technical best practices that will facilitate the commercialization of algal-based products. G.to aggregate and formalize advocacy efforts for the improvement of federal, state and local policies that would aid in the commercialization and expanded use of algal-based products. H.to aid, support, and assist by gifts, contributions or otherwise, other corporations, community chests, funds and foundations organized and operated exclusively for charitable, scientific, or educational purposes, no part of the net earnings of which inures to the benefit of any private shareholder or individual, and no substantial part of the activities of which is carrying on propaganda, or otherwise attempting to influence legislation or other tax exempt organizations under section 501(c) of the internal revenue code.

Form 990, Page 2, Part III, Line 4B

A) an active and strong bipartisan congressional algae caucus - this group of lawmakers has become an active advocate for annual appropriations that support important research and projects across the algae value chain to the benefit of abo members and the industry. These funds exceeded 78 million in 2022, and are expected to exceed 78 million in 2023. B the seaweed and kelp sectors have expressed an interest in organizing to engage in policy efforts to ensure that this rapidly growing sector has an excellent foundation on which to maximize their sustainability and economic ipmpact. Abo continued our work with a dedicated session on macroalgae and aquaculture as part of the summit in october 2022. This session was a continuation of the macroalgae working group workshop in 2021, and will continue to progress as an area of focus into 2023. C)we continued our annual algae biomass summit as a fully online event in 2022 due to covid-19. Elected officials, sustainability advocates, ceos, business executives, scientitfc leaders, students and government agency staff from more than 25 countries all gathered over the course of several weeks to share the latest developments and plan for the future. Notably, valerie reed, director of bioenergy technologies office - eere and jay fitzgerald, chief scientist, u.s. Department of energy, eere-beto, delivered keynote addresses. We added additional programing, such as the state of the industry sessions, which allowed companies and others to give an overview of their work; and two special sessions on speeding the transition to algae-based plastics and an interview session with venture capitalists on investing in the algae industry to foster collaboration and partnership within the industry. The online tools used in 2020, 2021 and 2022 will be leveraged in future years, and abo intends to combine them with live events in the future.

Form 990, Page 2, Part III, Line 4D

COMMON EXPENSES

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IRS990/ActivityOrMissionDesc0ORAGNIZATION'S PRIMARY PURPOSE: THE ALGAE BIOMASS ORGANIZATION ("ABO") IS ORGANIZED EXCLUSIVELY AS AN INDEPENDENT TRADE ASSOCIATION WHICH QUALIFIES AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE OF 1986.
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IRS990/Desc0ABO HOSTED THE 16TH ANNUAL ALGAE BIOMASS SUMMIT OCTOBER 3-28, 2022 AS A VIRTUAL EVENT. WITH 260 ATTENDEES FROM MORE THAN 25 COUNTRIES, THE EVENT FEATURED 35 ONLINE CONFERENCE SESSOINS, 142 SPEAKERS, AND OVER 20 POSTER PRESENTATIONS AND TRADE SHOW EXHIBITS. THE ALGAE BIOMASS SUMMIT HAS BECOME THE MOST RENOWNED ALGAE CONFERENCE IN THE WORLD, ATTRACTING LEADERS FROM EVERY QUARTER OF THIS DYNAMIC INDUSTRY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/MissionDesc0ORGANIZATION'S PRIMARY PURPOSE: THE ALGAE BIOMASS ORGANIZATION ("ABO") IS ORGANIZED EXCLUSIVELY AS AN INDEPENDENT TRADE ASSOCIATION WHICH QUALIFIES AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE OF 1986. THE PRIMARY PURPOSE OF THE ABO IS TO IMPROVE BUSINESS CONDITIONS IN THE ALGAL BIOMASS INDUSTRY. THE ABO'S PURPOSES, AS SET FORTH IN ITS ARTICLES OF INCORPORATION, GENERALLY SUPPORT THIS PRIMARY PURPOSE: A.TO PROMOTE THE DEVELOPMENT OF VIABLE COMMERCIAL MARKETS FOR RENEWABLE AND SUSTAINABLE COMMODITIES DERIVED FROM ALGAE; B.TO SERVE AS A NATIONAL AND INTERNATIONAL TRADE ASSOCIATION AND VOICE FOR INDIVIDUALS, CORPORATIONS AND OTHER BUSINESS ENTITIES PURSUING COMMERCIAL APPLICATIONS FOR ALGAL BIOMASS, INCLUDING, BUT NOT LIMITED TO, THE USE OF ALGAL BIOMASS AS A FEEDSTOCK FOR TRANSPORTATION FUEL AND ELECTRICAL GENERATION, ANIMAL FEED, WASTEWATER REHABILITATION, AND NUTRACEUTICALS. C.TO OPERATE AND FUNCTION TO: (I) FACILITATE INFORMED BUSINESS DECISIONS BASED
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IRS990/OtherRevenueMiscGrp/Desc0CONFERENCE & TRADE SHOW
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IRS990/OtherRevenueMiscGrp/Desc2CREDIT CARD PROCESSING FEES
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IRS990/PrincipalOfficerNm0MARTIN GROSS
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IRS990/ProgSrvcAccomActy2Grp/Desc0A) AN ACTIVE AND STRONG BIPARTISAN CONGRESSIONAL ALGAE CAUCUS - THIS GROUP OF LAWMAKERS HAS BECOME AN ACTIVE ADVOCATE FOR ANNUAL APPROPRIATIONS THAT SUPPORT IMPORTANT RESEARCH AND PROJECTS ACROSS THE ALGAE VALUE CHAIN TO THE BENEFIT OF ABO MEMBERS AND THE INDUSTRY. THESE FUNDS EXCEEDED 78 MILLION IN 2022, AND ARE EXPECTED TO EXCEED 78 MILLION IN 2023. B THE SEAWEED AND KELP SECTORS HAVE EXPRESSED AN INTEREST IN ORGANIZING TO ENGAGE IN POLICY EFFORTS TO ENSURE THAT THIS RAPIDLY GROWING SECTOR HAS AN EXCELLENT FOUNDATION ON WHICH TO MAXIMIZE THEIR SUSTAINABILITY AND ECONOMIC IPMPACT. ABO CONTINUED OUR WORK WITH A DEDICATED SESSION ON MACROALGAE AND AQUACULTURE AS PART OF THE SUMMIT IN OCTOBER 2022. THIS SESSION WAS A CONTINUATION OF THE MACROALGAE WORKING GROUP WORKSHOP IN 2021, AND WILL CONTINUE TO PROGRESS AS AN AREA OF FOCUS INTO 2023. C)WE CONTINUED OUR ANNUAL ALGAE BIOMASS SUMMIT AS A FULLY ONLINE EVENT IN 2022 DUE TO COVID-19. ELECTED OFFICIALS, SUSTAINABILITY ADVOCATES, CEOS, BUSINESS EXECUTIVES, SCIENTITFC LEADERS, STUDENTS AND GOVERNMENT AGENCY STAFF FROM MORE THAN 25 COUNTRIES ALL GATHERED OVER THE COURSE OF SEVERAL WEEKS TO SHARE THE LATEST DEVELOPMENTS AND PLAN FOR THE FUTURE. NOTABLY, VALERIE REED, DIRECTOR OF BIOENERGY TECHNOLOGIES OFFICE - EERE AND JAY FITZGERALD, CHIEF SCIENTIST, U.S. DEPARTMENT OF ENERGY, EERE-BETO, DELIVERED KEYNOTE ADDRESSES. WE ADDED ADDITIONAL PROGRAMING, SUCH AS THE STATE OF THE INDUSTRY SESSIONS, WHICH ALLOWED COMPANIES AND OTHERS TO GIVE AN OVERVIEW OF THEIR WORK; AND TWO SPECIAL SESSIONS ON SPEEDING THE TRANSITION TO ALGAE-BASED PLASTICS AND AN INTERVIEW SESSION WITH VENTURE CAPITALISTS ON INVESTING IN THE ALGAE INDUSTRY TO FOSTER COLLABORATION AND PARTNERSHIP WITHIN THE INDUSTRY. THE ONLINE TOOLS USED IN 2020, 2021 AND 2022 WILL BE LEVERAGED IN FUTURE YEARS, AND ABO INTENDS TO COMBINE THEM WITH LIVE EVENTS IN THE FUTURE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PRIMARY PURPOSE: THE ALGAE BIOMASS ORGANIZATION ("ABO") IS ORGANIZED EXCLUSIVELY AS AN INDEPENDENT TRADE ASSOCIATION WHICH QUALIFIES AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE OF 1986. THE PRIMARY PURPOSE OF THE ABO IS TO IMPROVE BUSINESS CONDITIONS IN THE ALGAL BIOMASS INDUSTRY. THE ABO'S PURPOSES, AS SET FORTH IN ITS ARTICLES OF INCORPORATION, GENERALLY SUPPORT THIS PRIMARY PURPOSE: A.TO PROMOTE THE DEVELOPMENT OF VIABLE COMMERCIAL MARKETS FOR RENEWABLE AND SUSTAINABLE COMMODITIES DERIVED FROM ALGAE; B.TO SERVE AS A NATIONAL AND INTERNATIONAL TRADE ASSOCIATION AND VOICE FOR INDIVIDUALS, CORPORATIONS AND OTHER BUSINESS ENTITIES PURSUING COMMERCIAL APPLICATIONS FOR ALGAL BIOMASS, INCLUDING, BUT NOT LIMITED TO, THE USE OF ALGAL BIOMASS AS A FEEDSTOCK FOR TRANSPORTATION FUEL AND ELECTRICAL GENERATION, ANIMAL FEED, WASTEWATER REHABILITATION, AND NUTRACEUTICALS. C.TO OPERATE AND FUNCTION TO: (I) FACILITATE INFORMED BUSINESS DECISIONS BASED ON SOUND SCIENCE, BEST PRACTICES AND THE LATEST TECHNOLOGIES; (II) FACILITATE COMMUNICATIONS BETWEEN BUSINESSES AND INDIVIDUALS IN THE ALGAL BIOMASS INDUSTRY, AS WELL AS THOSE BUSINESSES, NON-PROFIT ORGANIZATIONS, RESEARCH INSTITUTIONS AND OTHERS SUPPORTING THE INDUSTRY; AND (III) OTHERWISE TO FURTHER ADVANCE THE INTRODUCTION OF ALGAE COMMERCIAL AND BUSINESS SOLUTIONS TO THE MARKETPLACE. D.TO ACT AS AN INFORMATION CLEARINGHOUSE FOR INFORMATION RELATED TO ALGAE, COMMERCIAL APPLICATIONS, PAST AND ONGOING RESEARCH, AND THE ALGAL BIOMASS INDUSTRY IN GENERAL. E.TO EDUCATE THE ABO'S MEMBERS, POLICY MAKERS, THE MEDIA, THOSE INVOLVED IN OTHER INDUSTRY SEGMENTS THAT WILL PURCHASE OR UTILIZE ALGAL-BASED PRODUCTS, AND THE GENERAL PUBLIC REGARDING THE COMMERCIALIZATION AND USE OF ALGAL- BASED PRODUCTS, NEW TECHNOLOGIES, BEST PRACTICES, AND HOW THE COMMERCIAL USE OF ALGAL BIOMASS IN CERTAIN APPLICATIONS CAN IMPROVE THE ENVIRONMENT, FOSTER ENERGY INDEPENDENCE AND THE ECONOMY, BY PROVIDING TECHNICAL INFORMATION AND THROUGH THE SUPPORT AND PARTICIPATION IN EDUCATIONAL OPPORTUNITIES, PEER-REVIEWED ARTICLES, REPORTS, STUDIES, SPEAKING ENGAGEMENTS AND OTHER MEANS AND MEDIUM. F.TO DEVELOP, ADVOCATE FOR AND PROMOTE BOTH BUSINESS AND TECHNICAL BEST PRACTICES THAT WILL FACILITATE THE COMMERCIALIZATION OF ALGAL-BASED PRODUCTS. G.TO AGGREGATE AND FORMALIZE ADVOCACY EFFORTS FOR THE IMPROVEMENT OF FEDERAL, STATE AND LOCAL POLICIES THAT WOULD AID IN THE COMMERCIALIZATION AND EXPANDED USE OF ALGAL-BASED PRODUCTS. H.TO AID, SUPPORT, AND ASSIST BY GIFTS, CONTRIBUTIONS OR OTHERWISE, OTHER CORPORATIONS, COMMUNITY CHESTS, FUNDS AND FOUNDATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES, NO PART OF THE NET EARNINGS OF WHICH INURES TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL, AND NO SUBSTANTIAL PART OF THE ACTIVITIES OF WHICH IS CARRYING ON PROPAGANDA, OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION OR OTHER TAX EXEMPT ORGANIZATIONS UNDER SECTION 501(C) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A) AN ACTIVE AND STRONG BIPARTISAN CONGRESSIONAL ALGAE CAUCUS - THIS GROUP OF LAWMAKERS HAS BECOME AN ACTIVE ADVOCATE FOR ANNUAL APPROPRIATIONS THAT SUPPORT IMPORTANT RESEARCH AND PROJECTS ACROSS THE ALGAE VALUE CHAIN TO THE BENEFIT OF ABO MEMBERS AND THE INDUSTRY. THESE FUNDS EXCEEDED 78 MILLION IN 2022, AND ARE EXPECTED TO EXCEED 78 MILLION IN 2023. B THE SEAWEED AND KELP SECTORS HAVE EXPRESSED AN INTEREST IN ORGANIZING TO ENGAGE IN POLICY EFFORTS TO ENSURE THAT THIS RAPIDLY GROWING SECTOR HAS AN EXCELLENT FOUNDATION ON WHICH TO MAXIMIZE THEIR SUSTAINABILITY AND ECONOMIC IPMPACT. ABO CONTINUED OUR WORK WITH A DEDICATED SESSION ON MACROALGAE AND AQUACULTURE AS PART OF THE SUMMIT IN OCTOBER 2022. THIS SESSION WAS A CONTINUATION OF THE MACROALGAE WORKING GROUP WORKSHOP IN 2021, AND WILL CONTINUE TO PROGRESS AS AN AREA OF FOCUS INTO 2023. C)WE CONTINUED OUR ANNUAL ALGAE BIOMASS SUMMIT AS A FULLY ONLINE EVENT IN 2022 DUE TO COVID-19. ELECTED OFFICIALS, SUSTAINABILITY ADVOCATES, CEOS, BUSINESS EXECUTIVES, SCIENTITFC LEADERS, STUDENTS AND GOVERNMENT AGENCY STAFF FROM MORE THAN 25 COUNTRIES ALL GATHERED OVER THE COURSE OF SEVERAL WEEKS TO SHARE THE LATEST DEVELOPMENTS AND PLAN FOR THE FUTURE. NOTABLY, VALERIE REED, DIRECTOR OF BIOENERGY TECHNOLOGIES OFFICE - EERE AND JAY FITZGERALD, CHIEF SCIENTIST, U.S. DEPARTMENT OF ENERGY, EERE-BETO, DELIVERED KEYNOTE ADDRESSES. WE ADDED ADDITIONAL PROGRAMING, SUCH AS THE STATE OF THE INDUSTRY SESSIONS, WHICH ALLOWED COMPANIES AND OTHERS TO GIVE AN OVERVIEW OF THEIR WORK; AND TWO SPECIAL SESSIONS ON SPEEDING THE TRANSITION TO ALGAE-BASED PLASTICS AND AN INTERVIEW SESSION WITH VENTURE CAPITALISTS ON INVESTING IN THE ALGAE INDUSTRY TO FOSTER COLLABORATION AND PARTNERSHIP WITHIN THE INDUSTRY. THE ONLINE TOOLS USED IN 2020, 2021 AND 2022 WILL BE LEVERAGED IN FUTURE YEARS, AND ABO INTENDS TO COMBINE THEM WITH LIVE EVENTS IN THE FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMMON EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ONCE PER YEAR, IN ACCORDANCE WITH THE BYLAWS AND IN AN EFFORT TO FILL VACANT POSITIONS ON THE BOARD OF DIRECTORS AND THOSE POSITIONS FOR THOSE DIRECTORS WHO'S TERMS ARE EXPIRING, THE DISINTERESTED DIRECTORS OF THE ABO'S BOARD OF DIRECTORS DETERMINE WHETHER TO EITHER (A) HOLD AND ELECTION, WHEREBY THE MEMBERS OF THE ABO ELECT OTHER MEMBERS BASED ON CANDIDATES SUBMITTED BY THE BOARD, OR (B) SUBMIT A SLATE OF RECOMMENDED DIRECTORS TO THE MEMBERSHIP FOR RATIFICATION BY THE MEMBERSHIP IN AN "UP-OR-DOWN" VOTE. THE DIRECTOR RECRUITMENT COMMITTEE RECRUITS, INTERVIEWS AND MAKES RECOMMENDATIONS TO THE BOARD OF CANDIDATES FOR EITHER PROCESS AND WHAT PROCESS SHOULD BE USED IN A GIVEN YEAR, BUT THE DECISION ON BOTH MATTERS RESTS WITH THE DISINTERESTED BOARD OF DIRECTORS. IF THE NUMBER OF CANDIDATES THAT THE BOARD IS SUBMITTING TO MEMBERSHIP IS GREATER THAN THE NUMBER OF OPEN SEATS, THE ELECTION PROCESS IS USED. THE RATIFICATION PROCESS IS USED IN THE NUMBER OF NOMINEES IS EQUAL TO OR FEWER THAN THE NUMBER OF OPEN POSITIONS. THE BYLAWS ALSO CONTAIN PROVISIONS FOR THE MEMBERSHIP TO PROPOSE WRITE-IN CANDIDATES AS PART OF THE RATIFICATION PROCESS. THE BOARD OF DIRECTORS ELECTS A CHAIRPERSON AND VICE-CHAIRPERSON ANNUALLY IN THE FIRST MEETING OR SECOND MEETING FOLLOWING THE ANNUAL ELECTION OF RATIFICATION. THE CHAIRPERSON AND VICE-CHAIRPERSON SERVE AS PRESIDENT AND VICE PRESIDENT, RESPECTIVELY, DURING THEIR ONE-YEAR TERMS (UNPAID). THE BOARD OF DIRECTORS APPROVES ALL EMPLOYMENT CONTRACTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REBECCA WHITE 434 BRIGHTON DR WHITE ROCK, NM 87547
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990 IS PREPARED BY THE TREASURER AND REVIEW BY THE EXECUTIVE DIRECTOR, CHAIRPERSON OF THE BOARD, BOARD OF DIRECTORS (FOR REVIEW AND COMMET) AND LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DIRECTORS SIGN WRITTEN ACKNOWLEDGEMENT OF BOTH THE CONFLICT OF INTEREST POLICY AND THE CODE OF ETHICS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE HR COMMITTEE OF THE BOARD NEGOTIATES THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR. THE FINAL COMPENSATION PACKAGE IS APPROVED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE BOARD OF DIRECTORS RECEIVES DOCUMENTS AT BOARD MEETINGS. MEMBERS CAN RECEIVE COPIES OF DOCUMENTS UPON REQUEST TO THE EXECUTIVE DIRECTOR. THE ARTICLES OF INCORPORATION ARE PUBLICLY AVAILABLE FROM THE SECRETARY OF STATE OF WASHINGTON. THE ARTICLES AND BY-LAWS ARE AVAILABLE TO MEMBERS ON THE WEB SITE AND THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS BYRNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05079937161
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
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ReturnHeader/Filer/PhoneNum05077652134
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ReturnHeader/Filer/USAddress/CityNm0PRESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411562398
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARLSONSV LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01321 NORTH BROADWAY PO BOX 725
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ULM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0560730725
ReturnHeader/PreparerPersonGrp/PhoneNum05072988760
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS A BYRNE CPA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.07$0.06$0.38$0.35$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.02$0.10$0.08$0.38$0.40$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.03$0.09$0.06$0.25$0.24$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.10$0.07$0.37$0.36$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.04$0.12$0.08$0.34$0.31$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.16$0.11$0.68$0.53$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.29$0.27$0.67$0.83$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.13$0.11$0.79$0.75$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.18$0.15$0.94$0.88$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.26$0.21$0.92$0.97$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.19$0.15$0.92$1.07$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.09$0.10$0.00$1.05$1.03$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.31$0.00$0.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.09$0.03$0.78