Civic Intelligence

Algae Foundation

EIN 46-2312083 • 501(c)3 • Poland, ME

Profile

The algae foundation's mission is to promote the power of algae to transform human 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.

111 Tripp Lake Camp RoadPoland, ME 04274

thealgaefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.05x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

55th percentile

6.8%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

57th percentile

6.4%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$1,585,283

Up $95,713 (+6.4%) from 2023

Liabilities

Up

$64,463

Up $13,708 (+27%) from 2023

Net Assets

Up

$1,520,820

Up $82,005 (+5.7%) from 2023

Operations
Liabilities / Revenue44th percentileNet Margin55th percentile

Revenue

Down

$1,201,217

Down $286,928 (-19%) from 2023

Expenses

Up

$1,119,212

Up $96,117 (+9.4%) from 2023

Net Income

Down

$82,005

Down $383,045 (-82%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth57th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2016: $250,559Liabilities 2016: $0Net Assets 2016: $250,5592016Assets 2017: $247,987Liabilities 2017: $0Net Assets 2017: $247,9872017Assets 2018: $388,619Liabilities 2018: $0Net Assets 2018: $388,6192018Assets 2019: $467,872Liabilities 2019: $96Net Assets 2019: $467,7762019Assets 2020: $449,041Liabilities 2020: $1,191Net Assets 2020: $447,8502020Assets 2021: $532,706Liabilities 2021: $4,093Net Assets 2021: $528,6132021Assets 2022: $809,976Liabilities 2022: $71,211Net Assets 2022: $738,7652022Assets 2023: $1,489,570Liabilities 2023: $50,755Net Assets 2023: $1,438,8152023Assets 2024: $1,585,283Liabilities 2024: $64,463Net Assets 2024: $1,520,8202024

Highlighted filing

2024

Assets$1,585,283
Liabilities$64,463
Net Assets$1,520,820
Open 2024 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2016: $318,343Expenses 2016: $87,613Net Income 2016: $230,7302016Revenue 2017: $227,250Expenses 2017: $229,822Net Income 2017: -$2,5722017Revenue 2018: $421,141Expenses 2018: $280,509Net Income 2018: $140,6322018Revenue 2019: $464,364Expenses 2019: $385,209Net Income 2019: $79,1552019Revenue 2020: $356,380Expenses 2020: $376,306Net Income 2020: -$19,9262020Revenue 2021: $558,844Expenses 2021: $478,081Net Income 2021: $80,7632021Revenue 2022: $986,125Expenses 2022: $756,403Net Income 2022: $229,7222022Revenue 2023: $1,488,145Expenses 2023: $1,023,095Net Income 2023: $465,0502023Revenue 2024: $1,201,217Expenses 2024: $1,119,212Net Income 2024: $82,0052024

Highlighted filing

2024

Revenue$1,201,217
Expenses$1,119,212
Net Income$82,005
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,585,283
Liabilities
$64,463
Net assets
$1,520,820
Revenue
$1,201,217
Expenses
$1,119,212
Net income
$82,005
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.06$1.52$1.20$1.12$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.05$1.44$1.49$1.02$0.47
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.07$0.74$0.99$0.76$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.00$0.53$0.56$0.48$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.00$0.45$0.36$0.38$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.00$0.47$0.46$0.39$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.00$0.39$0.42$0.28$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.00$0.25$0.23$0.23$0.00
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.25$0.32$0.09$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 29, 2025
Return Version
2024v5.2
Gross Receipts
$1,201,217
Mission and Program Overview

Mission

The algae foundations mission is to promote the power of algae to transform human society and the 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. To accomplish its mission, the algae foundation engages in and funds educational outreach, research, development, and other activities; finds and supports the development of future leaders of the algae industry through scholarships, grants and other financial and organizational support; and facilitates communication among private, academic and public sector leaders, and the public generally, to increase broader literacy and awareness of the benefits of algae biomass cultivation and commercialization.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,010,522$1,162,251▲ $151,729
Cash and Non-Interest-Bearing Accounts$325,189$206,091▼ $119,098
Accounts Receivable$140,000$145,000▲ $5,000
Prepaid Expenses and Deferred Charges$9,880$21,533▲ $11,653
Inventories for Sale or Use$0$20,243▲ $20,243
Land, Buildings, and Equipment, Net$3,979$2,393▼ $1,586
Total Assets$1,489,570$1,585,283▲ $95,713
Other Assets Total$0$27,772▲ $27,772
Liabilities
Accounts Payable and Accrued Expenses$50,755$46,962▼ $3,793
Other Liabilities$0$16,961▲ $16,961
Deferred Revenue$0$540▲ $540
Total Liabilities$50,755$64,463▲ $13,708
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,394,541$1,520,820▲ $126,279
Net Assets With Donor Restrictions$44,274$0▼ $44,274
Total Net Assets Fund Balance$1,438,815$1,520,820▲ $82,005
Total Liabilities and Net Assets / Fund Balance$1,489,570$1,585,283▲ $95,713

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,393$4,823$7,216
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Ira LevineCEOFT$221,000$221,000

Board Members and Trustees

NameTitle
Tiffany CannisBoard Chair
Greg MitchellCo-vice Chair
Jesse Traller OjedaCo-vice Chair
Peter KofflerBoard Member
Philip PienkosBoard Member
Jakob NalleySecretary
Edmund GaitherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$194,396
Program Service Revenue
$926,811
Investment Income
$79,909
Other Revenue
$101
All Other Contributions
$153,060
Change in Net Assets
$82,005

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$40,922
Total Noncash Contributions1$40,922

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,201,217
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$192,419
Total Revenue per Audited Statements
$1,393,636
Total Revenue per Form 990
$1,201,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$567,417
Other Expenses$549,695
Total Fundraising Expense$69,911
Grants and Similar Amounts Paid$2,100
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$228,020$65,155$29,699$322,874
Current Officers, Directors, Trustees, and Key Employees$130,826$38,838$34,751$204,415
Travel$70,269--$70,269
Fees for Services Accounting$38,000$9,500-$47,500
Payroll Taxes$27,309$7,914$4,905$40,128
Fees for Services Other$19,298$4,937$505$24,740
Other Expenses$18,946$2,570-$18,946
Advertising$14,881--$14,881
Occupancy$12,357--$12,357
Insurance-$8,101-$8,101
All Other Expenses$3,002$1,275$51$4,328
Depreciation Depletion-$3,351-$3,351
Grants to Domestic Individuals$2,100--$2,100
Fees for Services Legal$1,126$281-$1,407
Total Functional Expenses$907,379$141,922$69,911$1,119,212

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,311,631
Expenses per Audited Statements$1,119,212
Total Expenses per Form 990$1,119,212
Expenses Not Reported on Form 990$192,419
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Marissa M Martinez-nalleySpouseServicesNo$91,100
Jesse Traller OjedaDirectorServicesNo$652
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$16,961
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

“Organization's process to review form 990 the complete form 990 is prepared by the treasurer and reviewed by the chair and vice chair of the board, board of directors (for review and comment) and legal counsel.”

Form 990, Part VI, Section B, Line 12C

“Enforcement of conflicts policy all board members sign a conflict of interest statement before joining the board.”

Form 990, Part VI, Section B, Line 15

“The foundation has a compensation committee, consisting of two directors. The committee is authorized to approve compensation for all key persons other than the ceo and top financial official. For the ceo and top financial official, the compensation committee makes recommendations to the board, and the (disinterested) directors have the authority to approve such compensation. The compensation committee negotiated dr. Levine's employment agreement. In that process, they collected information and distributed a compensation report containing objective, external data, and distributed it to the disinterested members of the board and dr. Levine's employment agreement and compensation package were approved by disinterested members of the board.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation the articles of incorporation are publicly available from the secretary of the state of washington. Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Algae Foundation
EIN
46-2312083
Phone
2077546969
Address
111 TRIPP LAKE CAMP ROAD, POLAND, ME 04274

Signing Officer

Name
Ira Levine
Title
CEO
Phone
2077546969
Signed
2025-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ira Levine
Formed
2013
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
28

Preparer

Firm
Considine & Considine
Address
8989 RIO SAN DIEGO DRIVE SUITE 250, SAN DIEGO, CA 92108-1604
Preparer
Lukas Davis
Phone
6192311977
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation follows accounting standards which clarify the accounting uncertainty in income taxes recognized in the financial statements and prescribes a recognition threshold and measurement attribute for the financial statements and recognition and measurement of a tax position taken or expected to be taken in the tax return. It also provides guidance on derecognition and measurement of a tax position taken or to be taken in a tax return. As of december 31, 2024, the foundation has no accrued interest of penalties related to uncertain tax positions. The foundation files tax returns in the u.s. Federal jurisdiction and the state of california.”

Raw XML AppendixShowing 400 of 490 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt027772
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc2MEALS
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02570
IRS990/OtherExpensesGrp/ProgramServicesAmt0196664
IRS990/OtherExpensesGrp/ProgramServicesAmt1124031
IRS990/OtherExpensesGrp/ProgramServicesAmt220550
IRS990/OtherExpensesGrp/ProgramServicesAmt318946
IRS990/OtherExpensesGrp/TotalAmt0199234
IRS990/OtherExpensesGrp/TotalAmt1124031
IRS990/OtherExpensesGrp/TotalAmt220550
IRS990/OtherExpensesGrp/TotalAmt318946
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt016961
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IRS990/OtherRevenueTotalAmt0101
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0228020
IRS990/OtherSalariesAndWagesGrp/TotalAmt0322874
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04905
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07914
IRS990/PayrollTaxesGrp/ProgramServicesAmt027309
IRS990/PayrollTaxesGrp/TotalAmt040128
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09880
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021533
IRS990/PrincipalOfficerNm0IRA LEVINE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0926811
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0926811
IRS990/ProgSrvcAccomActy2Grp/Desc0THE 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0425632
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0926811
IRS990/ProgSrvcAccomActy3Grp/Desc0THE 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0158323
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SUMMER ALGAE SCIENCE INSTITUTE - TO PROVIDE A HANDS-ON PROFESSIONAL DEVELOPMENT TRAINING THAT INTRODUCES EDUCATORS TO THE ALGAE FOUNDATION'S K-12 ALGAE ACADEMY CURRICULUM.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1ALGAE 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.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt045905
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt118484
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt02100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt04000
IRS990/PYInvestmentIncomeAmt010517
IRS990/PYOtherExpensesAmt0566530
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01288015
IRS990/PYRevenuesLessExpensesAmt0465050
IRS990/PYSalariesCompEmpBnftPaidAmt0452565
IRS990/PYTotalExpensesAmt01023095
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01488145
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt082005
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01010522
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01162251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0194396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0189613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0983531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0558657
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0354883
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02281080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt079909
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010517
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02594
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01497
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96010
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0983531
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0558657
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0354883
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02281080
IRS990ScheduleA/TotalSupportAmt02375784
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0192419
IRS990ScheduleD/DonatedServicesUseFcltsAmt0192419
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01119212
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02393
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04823
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07216
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016961
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt0192419
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01201217
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOLLOWS ACCOUNTING STANDARDS WHICH CLARIFY THE ACCOUNTING UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS AND RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN THE TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR TO BE TAKEN IN A TAX RETURN. AS OF DECEMBER 31, 2024, THE FOUNDATION HAS NO ACCRUED INTEREST OF PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE FOUNDATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt016961
IRS990ScheduleD/TotalRevenuePerForm990Amt01201217
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01393636
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0IRA LEVINE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MARISSA M MARTINEZ-NALLEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JESSE TRALLER OJEDA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt091100
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1652
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS ENTERED INTO EMPLOYMENT AGREEMENT WITH MARISSA NALLEY, WHO IS THE SPOUSE OF JAKOB NALLEY (ONE OF THE BOARD DIRECTORS), FOR PURPOSES OF MANAGING THE ALGAE ACADEMY PROJECT. THE FOUNDATION'S BOARD APPROVED THIS CONTRACT WITH MARISSA NALLY BEING AWARE OF MARISSA NALLEY'S RELATIONSHIP WITH JAKOB NALLEY, PURSUANT TO THE FOUNDATIONS CONFLICT OF INTEREST POLICY AND AFTER A REVIEW OF THE HOURLY RATE BEING CHARGED, THE BOARD DETERMINED IT TO BE REASONABLE AND NOT EXCESSIVE. JAKOB NALLEY DID NOT PARTICIPATE IN THE BOARD'S DISCUSSION AND APPROVAL OF THIS AGREEMENT. THE AGREEMENT WAS DRAFTED BY LEGAL COUNSEL AT AN "ARM'S LENGTH" BASIS.THE FOUNDATION HAS ENTERED INTO AN INDEPENDENT CONTRACTOR AGREEMENT (CONSULTING) WITH JESSE TRALLER OJEDA FOR PURPOSES OF PERFORMING CERTAIN SERVICES THAT THE FOUNDATION IS REQUIRED TO PERFORM UNDER ITS CONTRACT WITH THE NATIONAL RENEWABLE ENERGY LABORATORY. THE FOUNDATION'S BOARD APPROVED THIS CONTRACT WITH JESSE TRALLER OJEDA AND AFTER A REVIEW OF THE HOURLY RATE BEING CHARGED, THE BOARD DETERMINED IT TO BE REASONABLE AND NOT EXCESSIVE. JESSE TRALLER OJEDA DID NOT PARTICIPATE IN THE BOARD'S DISCUSSION AND APPROVAL OF THIS AGREEMENT. THE AGREEMENT WAS DRAFTED BY LEGAL COUNSEL AT AN "ARM'S LENGTH" BASIS. TOTAL AMOUNT PAID FOR THIS AGREEMENT IS $3,048.02.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART IV
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0ALGAE
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE COMPLETE FORM 990 IS PREPARED BY THE TREASURER AND REVIEWED BY THE CHAIR AND VICE CHAIR OF THE BOARD, BOARD OF DIRECTORS (FOR REVIEW AND COMMENT) AND LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY ALL BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT BEFORE JOINING THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS A COMPENSATION COMMITTEE, CONSISTING OF TWO DIRECTORS. THE COMMITTEE IS AUTHORIZED TO APPROVE COMPENSATION FOR ALL KEY PERSONS OTHER THAN THE CEO AND TOP FINANCIAL OFFICIAL. FOR THE CEO AND TOP FINANCIAL OFFICIAL, THE COMPENSATION COMMITTEE MAKES RECOMMENDATIONS TO THE BOARD, AND THE (DISINTERESTED) DIRECTORS HAVE THE AUTHORITY TO APPROVE SUCH COMPENSATION. THE COMPENSATION COMMITTEE NEGOTIATED DR. LEVINE'S EMPLOYMENT AGREEMENT. IN THAT PROCESS, THEY COLLECTED INFORMATION AND DISTRIBUTED A COMPENSATION REPORT CONTAINING OBJECTIVE, EXTERNAL DATA, AND DISTRIBUTED IT TO THE DISINTERESTED MEMBERS OF THE BOARD AND DR. LEVINE'S EMPLOYMENT AGREEMENT AND COMPENSATION PACKAGE WERE APPROVED BY DISINTERESTED MEMBERS OF THE BOARD.

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