Civic Intelligence

Algae Foundation

990 • Fiscal year 2018 • EIN 46-2312083

Jan 01, 2018 to Dec 31, 2018 • Filed on May 01, 2019

PO Box 369Preston, MN 55965

(507) 354-3816

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

86th percentile

57%

Faster asset growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

85%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$388,619

Up $140,632 (+57%) from 2017

Net Assets

Up

$388,619

Up $140,632 (+57%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$421,141

Up $193,891 (+85%) from 2017

Expenses

Up

$280,509

Up $50,687 (+22%) from 2017

Net Income

Up

$140,632

Up $143,204 (+5568%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2018

Assets$388,619
Liabilities$0
Net Assets$388,619

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$421,141
Expenses$280,509
Net Income$140,632
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 1, 2019
Return Version
2018v3.1
Gross Receipts
$421,141
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$247,987$388,619▲ $140,632
Rtn Earn Endowment Incm Other Fnds$247,987$388,619▲ $140,632
Total Assets$247,987$388,619▲ $140,632
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$247,987$388,619▲ $140,632
Total Liabilities and Net Assets / Fund Balance$247,987$388,619▲ $140,632
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ike LevineChairman
Tiffany CannisVice Chair
Greg MitchellDirector
Rebecca WhiteDirector
Matt CarrExcecutive D
Jakob NalleySecretary
Thomas ByrneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$421,141
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,551
Change in Net Assets
$140,632

Audited Revenue Reconciliation

Revenue per Audited Statements
$421,141
Total Revenue per Audited Statements
$421,141
Total Revenue per Form 990
$421,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,009
Grants and Similar Amounts Paid$3,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$38,991--$38,991
Travel$34,086--$34,086
Fees for Services Legal$20,010--$20,010
Conferences and Meetings$19,600--$19,600
Advertising$8,221--$8,221
Office Expenses$6,509--$6,509
Grants to Domestic Individuals$3,500--$3,500
Information Technology$1,520--$1,520
Insurance-$894-$894
Other Expenses$450--$450
Total Functional Expenses$279,615$894$0$280,509

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$280,509
Total Expenses per Audited Statements$280,509
Total Expenses per Form 990$280,509
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
-Chairman/presidServicesNo$82,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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 11B

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, Page 6, Part VI, Line 12C

All board members sign a conflict of interest statement before joining the board.

Form 990, Page 6, Part VI, Line 19

The articles of incorporation are publicly available from the secretary of the 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 Foundation
EIN
46-2312083
Address
PO BOX 369, PRESTON, MN 55965

Signing Officer

Name
Thomas Byrne
Title
Treasurer
Phone
8775315512
Signed
2019-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ike Levine
Formed
2013
Legal Domicile
Wa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
25

Preparer

Firm
Carlsonsv Llp
Address
1321 NORTH BROADWAY PO BOX 725, NEW ULM, MN 56073-0725
Preparer
Thomas a Byrne CPA
Phone
5073543816
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

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

Algae technology educational consortium: the first initiative of the algae foundation in stem workforce development is the establishment of the algae technology educational consortium (atec) to develop two community college degrees in 1. Algae biology & cultivation and 2. Algae biotechnology and the establishment of the algae cultivation extension short-courses (aces). The establishment of the atec was launched as the result of a four year grant from the us department of energy and the national renewable energy laboratory. Algal production will significantly reduce greenhouse gases, provide a sustainable source of biomass for bio-based products, feed, fuel and foods. This requires new large scale operations creating high quality jobs and atec's purpose is to develop an educated workforce to fill those jobs. Through algal education students learn practical applications of farming and biotechnology to produce a sustainable resource while developing the skills for the next generation of algal-based jobs. The two degree programs were supported through the development of six online courses supported by intensive, hands on, place bound, laboratory exercises. Atec through its many subcommittees are developing the online classes, laboratory exercises, laboratory and lecture text materials. Atec recruited 18 national leaders in algal education, cultivation, biotechnology, commercialization, and new product development who collectively have more than 200 years of algal-based experience. The atec team members include professionals from the following organizations: algae foundation, algae biomass organization, cal-cab, university of california, san diego, national renewable energy lab, university of texas, austin, arizona state university, university of southern maine, santa fe community college, austin community college, rutgers university extension, solano community college, harmon consulting, global algae, qualitas health, dsm, cyanotech, lonestar college, university of texas, rio grande valley, southern texas college, shoreline community college, and lynn-benton community college. Our atec team members are dedicated, to all matters dealing with algal education,and have dedicated themselves to the development of community college education and algal- based aquaculture extension learning modules. The two lead organizations for the algal farming and biotechnology degrees are santa fe community college (nm) and austin community college (tx), respectively. The degree programs were initiated for the farming degree in september, 2016 and the first graduates are completing their degrees in may 2018. Each graduate has either received a scholarship to attend university of new mexico or new mexico state university or have landed a great, high paying job. The biotechnology curriculum began to be offered at austin community college in september 2017 as a series of two week lecture/laboratory modules in four introductory and advanced biotechnology courses. Additionally, algae have been included as a target organism in the austin cc intro to biotechnology course. Atec has recruited national commercial leaders from algal farming and biotechnology companies to serve on the atec industrial advisory board. The advisory board is assisting with the establishment of work and skill standards to align the program to efficiently serve as a bioeconomy workforce development program. This year atec was able to recruit the largest algae companies in the usa to the industrial advisory board. Cyanotech of hawaii and dsm of maryland have joined the iab. Additionally, bren smith,ceo of greenwave, a vertically integrated kelp farming company have joined the iab.

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

Completed independent contractor contracts and entered into agreements with university of california, san diego, austin community college, new mexico film resources, inc, and university of texas, austin. Introduction to algae massive open online course (algal mooc) was published on february 15, 2018 and nearly 3800 participants to date have taken the course. Published the online course algae cultivation extension short-courses part i: seaweeds. The algae academy is an initiative of the algae foundation and provides algae curriculum kits to elementary, middle, and high school classes. The purpose of the initiative is to educate and excite students on the power of algae as a sustainable solution for several of the dilemmas facing our global community. The curriculum meets stem education requirements. Our successes in 2018 include: distributed ~ 150 algal stem k-12 kits serving nearly 20,000 students in grades k-12 in 36 states, 1 us territory and two countries. "refined algae curriculum for middle school education. Curriculum meets stem requirements and the human impact requirement of the next gen science standards." developed educator support tools to accompany the curriculum." our goals for 2019 include: "distribute 250 kits distributed to schools nationwide (all 50 states)." "developing a fundraising plan to include diverse revenue streams." "increasing the curriculum to better service high school students." ongoing and near completion: recruiting > 10 additional community colleges to adopt atec degree rograms. Expanding atec each year, reflecting increased interest and participation. Acquisition and modification of existing educational curriculums, assets, labs, workbooks, manuals, and lectures conversion of educational materials to the appropriate scale and scope of our community college student by community college and university-based educators. Nearing completion of second algal massive open online course entitled: introduction to algae biotechnology. Levine, i.a. And t. Cannis. 2018. Algae foundation - algal-based educational initiatives through the efforts of the algae technology educational consortium (atec) and the algae academy. Northeast algal society 57th annual symposium. April 13-15, 2018. East haven, ct. Book of abstracts: 7 levine, i.a. And t. Cannis. 2018. Algae foundation, algae technology educational consortium (atec) and the algae academy: algae - based stem education initiatives for a sustainable future and the development of the bioeconomy workforce. 14th international conference on renewable resources and biorefineries. May 30 - june 1, 2018. Ghent, belgium. Book of abstracts p. 65. Levine, i.a. 2018. Seaweeds in health and disease prevention, a personal perspective. Keynote address. 1st conference on seaweeds 4 health. Galway, ireland. June 25, 2018. Levine, i. And t. Cannis. 2018. Algae foundation's algae technology educational consortium (atec) and the algae academy: 2018 and beyond. 8th international conference on algae biomass, biofuels, and bioproducts. Plenary lecture. June 11-13, 2018. Seattle, wa. Levine, i. 2018. Algae foundation's algal-based stem education initiatives for a sustainable future and the development of the bioeconomy workforce. Phycological society of america annual meeting. July 29-august 2, 2018. Vancover, canada. Levine, i. 2018. Developing socio-economically relevant curriculum. Florida polytechnic university, august 13, 2018. Lakeland, fl. Invited. Cannis, t., i. Levine, g. Mitchell, j. Nalley, and r. White, 2018. Algal-based education k-14 and beyond. Algae biomass summit. Plenary lecture. October 15-17, 2018. The woodlands, tx. Levine, i. 2018. Algae foundation's algal-based stem education initiatives for a sustainable future and the development of the bioeconomy workforce. Oklahoma state university. October 18, 2018. Stillwater, ok. Invited. Levine, i. 2019. Algal-based bioeconomy: education, training & commercial opportunities. Reliance industries limited. January 21, 2

Form 990, Part IX, Line 11G

Curriculum development 37,991 0 0 marketing 1,000 0 0 total 38,991 0 0

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IRS990/ProgSrvcAccomActy2Grp/Desc0ALGAE TECHNOLOGY EDUCATIONAL CONSORTIUM: THE FIRST INITIATIVE OF THE ALGAE FOUNDATION IN STEM WORKFORCE DEVELOPMENT IS THE ESTABLISHMENT OF THE ALGAE TECHNOLOGY EDUCATIONAL CONSORTIUM (ATEC) TO DEVELOP TWO COMMUNITY COLLEGE DEGREES IN 1. ALGAE BIOLOGY & CULTIVATION AND 2. ALGAE BIOTECHNOLOGY AND THE ESTABLISHMENT OF THE ALGAE CULTIVATION EXTENSION SHORT-COURSES (ACES). THE ESTABLISHMENT OF THE ATEC WAS LAUNCHED AS THE RESULT OF A FOUR YEAR GRANT FROM THE US DEPARTMENT OF ENERGY AND THE NATIONAL RENEWABLE ENERGY LABORATORY. ALGAL PRODUCTION WILL SIGNIFICANTLY REDUCE GREENHOUSE GASES, PROVIDE A SUSTAINABLE SOURCE OF BIOMASS FOR BIO-BASED PRODUCTS, FEED, FUEL AND FOODS. THIS REQUIRES NEW LARGE SCALE OPERATIONS CREATING HIGH QUALITY JOBS AND ATEC'S PURPOSE IS TO DEVELOP AN EDUCATED WORKFORCE TO FILL THOSE JOBS. THROUGH ALGAL EDUCATION STUDENTS LEARN PRACTICAL APPLICATIONS OF FARMING AND BIOTECHNOLOGY TO PRODUCE A SUSTAINABLE RESOURCE WHILE DEVELOPING THE SKILLS FOR THE NEXT GENERATION OF ALGAL-BASED JOBS. THE TWO DEGREE PROGRAMS WERE SUPPORTED THROUGH THE DEVELOPMENT OF SIX ONLINE COURSES SUPPORTED BY INTENSIVE, HANDS ON, PLACE BOUND, LABORATORY EXERCISES. ATEC THROUGH ITS MANY SUBCOMMITTEES ARE DEVELOPING THE ONLINE CLASSES, LABORATORY EXERCISES, LABORATORY AND LECTURE TEXT MATERIALS. ATEC RECRUITED 18 NATIONAL LEADERS IN ALGAL EDUCATION, CULTIVATION, BIOTECHNOLOGY, COMMERCIALIZATION, AND NEW PRODUCT DEVELOPMENT WHO COLLECTIVELY HAVE MORE THAN 200 YEARS OF ALGAL-BASED EXPERIENCE. THE ATEC TEAM MEMBERS INCLUDE PROFESSIONALS FROM THE FOLLOWING ORGANIZATIONS: ALGAE FOUNDATION, ALGAE BIOMASS ORGANIZATION, CAL-CAB, UNIVERSITY OF CALIFORNIA, SAN DIEGO, NATIONAL RENEWABLE ENERGY LAB, UNIVERSITY OF TEXAS, AUSTIN, ARIZONA STATE UNIVERSITY, UNIVERSITY OF SOUTHERN MAINE, SANTA FE COMMUNITY COLLEGE, AUSTIN COMMUNITY COLLEGE, RUTGERS UNIVERSITY EXTENSION, SOLANO COMMUNITY COLLEGE, HARMON CONSULTING, GLOBAL ALGAE, QUALITAS HEALTH, DSM, CYANOTECH, LONESTAR COLLEGE, UNIVERSITY OF TEXAS, RIO GRANDE VALLEY, SOUTHERN TEXAS COLLEGE, SHORELINE COMMUNITY COLLEGE, AND LYNN-BENTON COMMUNITY COLLEGE. OUR ATEC TEAM MEMBERS ARE DEDICATED, TO ALL MATTERS DEALING WITH ALGAL EDUCATION,AND HAVE DEDICATED THEMSELVES TO THE DEVELOPMENT OF COMMUNITY COLLEGE EDUCATION AND ALGAL- BASED AQUACULTURE EXTENSION LEARNING MODULES. THE TWO LEAD ORGANIZATIONS FOR THE ALGAL FARMING AND BIOTECHNOLOGY DEGREES ARE SANTA FE COMMUNITY COLLEGE (NM) AND AUSTIN COMMUNITY COLLEGE (TX), RESPECTIVELY. THE DEGREE PROGRAMS WERE INITIATED FOR THE FARMING DEGREE IN SEPTEMBER, 2016 AND THE FIRST GRADUATES ARE COMPLETING THEIR DEGREES IN MAY 2018. EACH GRADUATE HAS EITHER RECEIVED A SCHOLARSHIP TO ATTEND UNIVERSITY OF NEW MEXICO OR NEW MEXICO STATE UNIVERSITY OR HAVE LANDED A GREAT, HIGH PAYING JOB. THE BIOTECHNOLOGY CURRICULUM BEGAN TO BE OFFERED AT AUSTIN COMMUNITY COLLEGE IN SEPTEMBER 2017 AS A SERIES OF TWO WEEK LECTURE/LABORATORY MODULES IN FOUR INTRODUCTORY AND ADVANCED BIOTECHNOLOGY COURSES. ADDITIONALLY, ALGAE HAVE BEEN INCLUDED AS A TARGET ORGANISM IN THE AUSTIN CC INTRO TO BIOTECHNOLOGY COURSE. ATEC HAS RECRUITED NATIONAL COMMERCIAL LEADERS FROM ALGAL FARMING AND BIOTECHNOLOGY COMPANIES TO SERVE ON THE ATEC INDUSTRIAL ADVISORY BOARD. THE ADVISORY BOARD IS ASSISTING WITH THE ESTABLISHMENT OF WORK AND SKILL STANDARDS TO ALIGN THE PROGRAM TO EFFICIENTLY SERVE AS A BIOECONOMY WORKFORCE DEVELOPMENT PROGRAM. THIS YEAR ATEC WAS ABLE TO RECRUIT THE LARGEST ALGAE COMPANIES IN THE USA TO THE INDUSTRIAL ADVISORY BOARD. CYANOTECH OF HAWAII AND DSM OF MARYLAND HAVE JOINED THE IAB. ADDITIONALLY, BREN SMITH,CEO OF GREENWAVE, A VERTICALLY INTEGRATED KELP FARMING COMPANY HAVE JOINED THE IAB.
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IRS990/ProgSrvcAccomActy3Grp/Desc0COMPLETED INDEPENDENT CONTRACTOR CONTRACTS AND ENTERED INTO AGREEMENTS WITH UNIVERSITY OF CALIFORNIA, SAN DIEGO, AUSTIN COMMUNITY COLLEGE, NEW MEXICO FILM RESOURCES, INC, AND UNIVERSITY OF TEXAS, AUSTIN. INTRODUCTION TO ALGAE MASSIVE OPEN ONLINE COURSE (ALGAL MOOC) WAS PUBLISHED ON FEBRUARY 15, 2018 AND NEARLY 3800 PARTICIPANTS TO DATE HAVE TAKEN THE COURSE. PUBLISHED THE ONLINE COURSE ALGAE CULTIVATION EXTENSION SHORT-COURSES PART I: SEAWEEDS. THE ALGAE ACADEMY IS AN INITIATIVE OF THE ALGAE FOUNDATION AND PROVIDES ALGAE CURRICULUM KITS TO ELEMENTARY, MIDDLE, AND HIGH SCHOOL CLASSES. THE PURPOSE OF THE INITIATIVE IS TO EDUCATE AND EXCITE STUDENTS ON THE POWER OF ALGAE AS A SUSTAINABLE SOLUTION FOR SEVERAL OF THE DILEMMAS FACING OUR GLOBAL COMMUNITY. THE CURRICULUM MEETS STEM EDUCATION REQUIREMENTS. OUR SUCCESSES IN 2018 INCLUDE: DISTRIBUTED ~ 150 ALGAL STEM K-12 KITS SERVING NEARLY 20,000 STUDENTS IN GRADES K-12 IN 36 STATES, 1 US TERRITORY AND TWO COUNTRIES. "REFINED ALGAE CURRICULUM FOR MIDDLE SCHOOL EDUCATION. CURRICULUM MEETS STEM REQUIREMENTS AND THE HUMAN IMPACT REQUIREMENT OF THE NEXT GEN SCIENCE STANDARDS." DEVELOPED EDUCATOR SUPPORT TOOLS TO ACCOMPANY THE CURRICULUM." OUR GOALS FOR 2019 INCLUDE: "DISTRIBUTE 250 KITS DISTRIBUTED TO SCHOOLS NATIONWIDE (ALL 50 STATES)." "DEVELOPING A FUNDRAISING PLAN TO INCLUDE DIVERSE REVENUE STREAMS." "INCREASING THE CURRICULUM TO BETTER SERVICE HIGH SCHOOL STUDENTS." ONGOING AND NEAR COMPLETION: RECRUITING > 10 ADDITIONAL COMMUNITY COLLEGES TO ADOPT ATEC DEGREE ROGRAMS. EXPANDING ATEC EACH YEAR, REFLECTING INCREASED INTEREST AND PARTICIPATION. ACQUISITION AND MODIFICATION OF EXISTING EDUCATIONAL CURRICULUMS, ASSETS, LABS, WORKBOOKS, MANUALS, AND LECTURES CONVERSION OF EDUCATIONAL MATERIALS TO THE APPROPRIATE SCALE AND SCOPE OF OUR COMMUNITY COLLEGE STUDENT BY COMMUNITY COLLEGE AND UNIVERSITY-BASED EDUCATORS. NEARING COMPLETION OF SECOND ALGAL MASSIVE OPEN ONLINE COURSE ENTITLED: INTRODUCTION TO ALGAE BIOTECHNOLOGY. LEVINE, I.A. AND T. CANNIS. 2018. ALGAE FOUNDATION - ALGAL-BASED EDUCATIONAL INITIATIVES THROUGH THE EFFORTS OF THE ALGAE TECHNOLOGY EDUCATIONAL CONSORTIUM (ATEC) AND THE ALGAE ACADEMY. NORTHEAST ALGAL SOCIETY 57TH ANNUAL SYMPOSIUM. APRIL 13-15, 2018. EAST HAVEN, CT. BOOK OF ABSTRACTS: 7 LEVINE, I.A. AND T. CANNIS. 2018. ALGAE FOUNDATION, ALGAE TECHNOLOGY EDUCATIONAL CONSORTIUM (ATEC) AND THE ALGAE ACADEMY: ALGAE - BASED STEM EDUCATION INITIATIVES FOR A SUSTAINABLE FUTURE AND THE DEVELOPMENT OF THE BIOECONOMY WORKFORCE. 14TH INTERNATIONAL CONFERENCE ON RENEWABLE RESOURCES AND BIOREFINERIES. MAY 30 - JUNE 1, 2018. GHENT, BELGIUM. BOOK OF ABSTRACTS P. 65. LEVINE, I.A. 2018. SEAWEEDS IN HEALTH AND DISEASE PREVENTION, A PERSONAL PERSPECTIVE. KEYNOTE ADDRESS. 1ST CONFERENCE ON SEAWEEDS 4 HEALTH. GALWAY, IRELAND. JUNE 25, 2018. LEVINE, I. AND T. CANNIS. 2018. ALGAE FOUNDATION'S ALGAE TECHNOLOGY EDUCATIONAL CONSORTIUM (ATEC) AND THE ALGAE ACADEMY: 2018 AND BEYOND. 8TH INTERNATIONAL CONFERENCE ON ALGAE BIOMASS, BIOFUELS, AND BIOPRODUCTS. PLENARY LECTURE. JUNE 11-13, 2018. SEATTLE, WA. LEVINE, I. 2018. ALGAE FOUNDATION'S ALGAL-BASED STEM EDUCATION INITIATIVES FOR A SUSTAINABLE FUTURE AND THE DEVELOPMENT OF THE BIOECONOMY WORKFORCE. PHYCOLOGICAL SOCIETY OF AMERICA ANNUAL MEETING. JULY 29-AUGUST 2, 2018. VANCOVER, CANADA. LEVINE, I. 2018. DEVELOPING SOCIO-ECONOMICALLY RELEVANT CURRICULUM. FLORIDA POLYTECHNIC UNIVERSITY, AUGUST 13, 2018. LAKELAND, FL. INVITED. CANNIS, T., I. LEVINE, G. MITCHELL, J. NALLEY, AND R. WHITE, 2018. ALGAL-BASED EDUCATION K-14 AND BEYOND. ALGAE BIOMASS SUMMIT. PLENARY LECTURE. OCTOBER 15-17, 2018. THE WOODLANDS, TX. LEVINE, I. 2018. ALGAE FOUNDATION'S ALGAL-BASED STEM EDUCATION INITIATIVES FOR A SUSTAINABLE FUTURE AND THE DEVELOPMENT OF THE BIOECONOMY WORKFORCE. OKLAHOMA STATE UNIVERSITY. OCTOBER 18, 2018. STILLWATER, OK. INVITED. LEVINE, I. 2019. ALGAL-BASED BIOECONOMY: EDUCATION, TRAINING & COMMERCIAL OPPORTUNITIES. RELIANCE INDUSTRIES LIMITED. JANUARY 21, 2
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE SERVICES ARE IN CONNECTION WITH MANAGEMENT OF THE ATEC PROJECT THE ALGAE FOUNDATION HAS ENTERED INTO AN INDEPENDENT CONTRACTOR AGREEMENT WITH BIOLOGICAL SERVICES INC., A CORPORATION IN WHICH DR. IRA LEVINE HOLDS A FINANCIAL INTEREST, FOR PURPOSES OF MANAGING THE ATEC PROJECT AND PERFORMING CERTAIN SERVICES THAT THE FOUNDATION IS REQUIRED TO PERFORM UNDER ITS CONTRACT WITH THE NATIONAL RENEWABLE ENERGY LABORATORY. THIS CONTRACT REQUIRES DR. LEVINE TO SERVE AS THE PRINCIPAL INVESTIGATOR AND MANAGE THE PROJECT. SEPARATELY, THE FOUNDATION'S BOARD APPROVED THIS CONTRACT WITH BIOLOGICAL SERVICES, INC. AFTER BEING MADE AWARE OF DR. LEVINE'S FINANCIAL INTEREST 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. DR. LEVINE 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.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALGAE TECHNOLOGY EDUCATIONAL CONSORTIUM: THE FIRST INITIATIVE OF THE ALGAE FOUNDATION IN STEM WORKFORCE DEVELOPMENT IS THE ESTABLISHMENT OF THE ALGAE TECHNOLOGY EDUCATIONAL CONSORTIUM (ATEC) TO DEVELOP TWO COMMUNITY COLLEGE DEGREES IN 1. ALGAE BIOLOGY & CULTIVATION AND 2. ALGAE BIOTECHNOLOGY AND THE ESTABLISHMENT OF THE ALGAE CULTIVATION EXTENSION SHORT-COURSES (ACES). THE ESTABLISHMENT OF THE ATEC WAS LAUNCHED AS THE RESULT OF A FOUR YEAR GRANT FROM THE US DEPARTMENT OF ENERGY AND THE NATIONAL RENEWABLE ENERGY LABORATORY. ALGAL PRODUCTION WILL SIGNIFICANTLY REDUCE GREENHOUSE GASES, PROVIDE A SUSTAINABLE SOURCE OF BIOMASS FOR BIO-BASED PRODUCTS, FEED, FUEL AND FOODS. THIS REQUIRES NEW LARGE SCALE OPERATIONS CREATING HIGH QUALITY JOBS AND ATEC'S PURPOSE IS TO DEVELOP AN EDUCATED WORKFORCE TO FILL THOSE JOBS. THROUGH ALGAL EDUCATION STUDENTS LEARN PRACTICAL APPLICATIONS OF FARMING AND BIOTECHNOLOGY TO PRODUCE A SUSTAINABLE RESOURCE WHILE DEVELOPING THE SKILLS FOR THE NEXT GENERATION OF ALGAL-BASED JOBS. THE TWO DEGREE PROGRAMS WERE SUPPORTED THROUGH THE DEVELOPMENT OF SIX ONLINE COURSES SUPPORTED BY INTENSIVE, HANDS ON, PLACE BOUND, LABORATORY EXERCISES. ATEC THROUGH ITS MANY SUBCOMMITTEES ARE DEVELOPING THE ONLINE CLASSES, LABORATORY EXERCISES, LABORATORY AND LECTURE TEXT MATERIALS. ATEC RECRUITED 18 NATIONAL LEADERS IN ALGAL EDUCATION, CULTIVATION, BIOTECHNOLOGY, COMMERCIALIZATION, AND NEW PRODUCT DEVELOPMENT WHO COLLECTIVELY HAVE MORE THAN 200 YEARS OF ALGAL-BASED EXPERIENCE. THE ATEC TEAM MEMBERS INCLUDE PROFESSIONALS FROM THE FOLLOWING ORGANIZATIONS: ALGAE FOUNDATION, ALGAE BIOMASS ORGANIZATION, CAL-CAB, UNIVERSITY OF CALIFORNIA, SAN DIEGO, NATIONAL RENEWABLE ENERGY LAB, UNIVERSITY OF TEXAS, AUSTIN, ARIZONA STATE UNIVERSITY, UNIVERSITY OF SOUTHERN MAINE, SANTA FE COMMUNITY COLLEGE, AUSTIN COMMUNITY COLLEGE, RUTGERS UNIVERSITY EXTENSION, SOLANO COMMUNITY COLLEGE, HARMON CONSULTING, GLOBAL ALGAE, QUALITAS HEALTH, DSM, CYANOTECH, LONESTAR COLLEGE, UNIVERSITY OF TEXAS, RIO GRANDE VALLEY, SOUTHERN TEXAS COLLEGE, SHORELINE COMMUNITY COLLEGE, AND LYNN-BENTON COMMUNITY COLLEGE. OUR ATEC TEAM MEMBERS ARE DEDICATED, TO ALL MATTERS DEALING WITH ALGAL EDUCATION,AND HAVE DEDICATED THEMSELVES TO THE DEVELOPMENT OF COMMUNITY COLLEGE EDUCATION AND ALGAL- BASED AQUACULTURE EXTENSION LEARNING MODULES. THE TWO LEAD ORGANIZATIONS FOR THE ALGAL FARMING AND BIOTECHNOLOGY DEGREES ARE SANTA FE COMMUNITY COLLEGE (NM) AND AUSTIN COMMUNITY COLLEGE (TX), RESPECTIVELY. THE DEGREE PROGRAMS WERE INITIATED FOR THE FARMING DEGREE IN SEPTEMBER, 2016 AND THE FIRST GRADUATES ARE COMPLETING THEIR DEGREES IN MAY 2018. EACH GRADUATE HAS EITHER RECEIVED A SCHOLARSHIP TO ATTEND UNIVERSITY OF NEW MEXICO OR NEW MEXICO STATE UNIVERSITY OR HAVE LANDED A GREAT, HIGH PAYING JOB. THE BIOTECHNOLOGY CURRICULUM BEGAN TO BE OFFERED AT AUSTIN COMMUNITY COLLEGE IN SEPTEMBER 2017 AS A SERIES OF TWO WEEK LECTURE/LABORATORY MODULES IN FOUR INTRODUCTORY AND ADVANCED BIOTECHNOLOGY COURSES. ADDITIONALLY, ALGAE HAVE BEEN INCLUDED AS A TARGET ORGANISM IN THE AUSTIN CC INTRO TO BIOTECHNOLOGY COURSE. ATEC HAS RECRUITED NATIONAL COMMERCIAL LEADERS FROM ALGAL FARMING AND BIOTECHNOLOGY COMPANIES TO SERVE ON THE ATEC INDUSTRIAL ADVISORY BOARD. THE ADVISORY BOARD IS ASSISTING WITH THE ESTABLISHMENT OF WORK AND SKILL STANDARDS TO ALIGN THE PROGRAM TO EFFICIENTLY SERVE AS A BIOECONOMY WORKFORCE DEVELOPMENT PROGRAM. THIS YEAR ATEC WAS ABLE TO RECRUIT THE LARGEST ALGAE COMPANIES IN THE USA TO THE INDUSTRIAL ADVISORY BOARD. CYANOTECH OF HAWAII AND DSM OF MARYLAND HAVE JOINED THE IAB. ADDITIONALLY, BREN SMITH,CEO OF GREENWAVE, A VERTICALLY INTEGRATED KELP FARMING COMPANY HAVE JOINED THE IAB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLETED INDEPENDENT CONTRACTOR CONTRACTS AND ENTERED INTO AGREEMENTS WITH UNIVERSITY OF CALIFORNIA, SAN DIEGO, AUSTIN COMMUNITY COLLEGE, NEW MEXICO FILM RESOURCES, INC, AND UNIVERSITY OF TEXAS, AUSTIN. INTRODUCTION TO ALGAE MASSIVE OPEN ONLINE COURSE (ALGAL MOOC) WAS PUBLISHED ON FEBRUARY 15, 2018 AND NEARLY 3800 PARTICIPANTS TO DATE HAVE TAKEN THE COURSE. PUBLISHED THE ONLINE COURSE ALGAE CULTIVATION EXTENSION SHORT-COURSES PART I: SEAWEEDS. THE ALGAE ACADEMY IS AN INITIATIVE OF THE ALGAE FOUNDATION AND PROVIDES ALGAE CURRICULUM KITS TO ELEMENTARY, MIDDLE, AND HIGH SCHOOL CLASSES. THE PURPOSE OF THE INITIATIVE IS TO EDUCATE AND EXCITE STUDENTS ON THE POWER OF ALGAE AS A SUSTAINABLE SOLUTION FOR SEVERAL OF THE DILEMMAS FACING OUR GLOBAL COMMUNITY. THE CURRICULUM MEETS STEM EDUCATION REQUIREMENTS. OUR SUCCESSES IN 2018 INCLUDE: DISTRIBUTED ~ 150 ALGAL STEM K-12 KITS SERVING NEARLY 20,000 STUDENTS IN GRADES K-12 IN 36 STATES, 1 US TERRITORY AND TWO COUNTRIES. "REFINED ALGAE CURRICULUM FOR MIDDLE SCHOOL EDUCATION. CURRICULUM MEETS STEM REQUIREMENTS AND THE HUMAN IMPACT REQUIREMENT OF THE NEXT GEN SCIENCE STANDARDS." DEVELOPED EDUCATOR SUPPORT TOOLS TO ACCOMPANY THE CURRICULUM." OUR GOALS FOR 2019 INCLUDE: "DISTRIBUTE 250 KITS DISTRIBUTED TO SCHOOLS NATIONWIDE (ALL 50 STATES)." "DEVELOPING A FUNDRAISING PLAN TO INCLUDE DIVERSE REVENUE STREAMS." "INCREASING THE CURRICULUM TO BETTER SERVICE HIGH SCHOOL STUDENTS." ONGOING AND NEAR COMPLETION: RECRUITING > 10 ADDITIONAL COMMUNITY COLLEGES TO ADOPT ATEC DEGREE ROGRAMS. EXPANDING ATEC EACH YEAR, REFLECTING INCREASED INTEREST AND PARTICIPATION. ACQUISITION AND MODIFICATION OF EXISTING EDUCATIONAL CURRICULUMS, ASSETS, LABS, WORKBOOKS, MANUALS, AND LECTURES CONVERSION OF EDUCATIONAL MATERIALS TO THE APPROPRIATE SCALE AND SCOPE OF OUR COMMUNITY COLLEGE STUDENT BY COMMUNITY COLLEGE AND UNIVERSITY-BASED EDUCATORS. NEARING COMPLETION OF SECOND ALGAL MASSIVE OPEN ONLINE COURSE ENTITLED: INTRODUCTION TO ALGAE BIOTECHNOLOGY. LEVINE, I.A. AND T. CANNIS. 2018. ALGAE FOUNDATION - ALGAL-BASED EDUCATIONAL INITIATIVES THROUGH THE EFFORTS OF THE ALGAE TECHNOLOGY EDUCATIONAL CONSORTIUM (ATEC) AND THE ALGAE ACADEMY. NORTHEAST ALGAL SOCIETY 57TH ANNUAL SYMPOSIUM. APRIL 13-15, 2018. EAST HAVEN, CT. BOOK OF ABSTRACTS: 7 LEVINE, I.A. AND T. CANNIS. 2018. ALGAE FOUNDATION, ALGAE TECHNOLOGY EDUCATIONAL CONSORTIUM (ATEC) AND THE ALGAE ACADEMY: ALGAE - BASED STEM EDUCATION INITIATIVES FOR A SUSTAINABLE FUTURE AND THE DEVELOPMENT OF THE BIOECONOMY WORKFORCE. 14TH INTERNATIONAL CONFERENCE ON RENEWABLE RESOURCES AND BIOREFINERIES. MAY 30 - JUNE 1, 2018. GHENT, BELGIUM. BOOK OF ABSTRACTS P. 65. LEVINE, I.A. 2018. SEAWEEDS IN HEALTH AND DISEASE PREVENTION, A PERSONAL PERSPECTIVE. KEYNOTE ADDRESS. 1ST CONFERENCE ON SEAWEEDS 4 HEALTH. GALWAY, IRELAND. JUNE 25, 2018. LEVINE, I. AND T. CANNIS. 2018. ALGAE FOUNDATION'S ALGAE TECHNOLOGY EDUCATIONAL CONSORTIUM (ATEC) AND THE ALGAE ACADEMY: 2018 AND BEYOND. 8TH INTERNATIONAL CONFERENCE ON ALGAE BIOMASS, BIOFUELS, AND BIOPRODUCTS. PLENARY LECTURE. JUNE 11-13, 2018. SEATTLE, WA. LEVINE, I. 2018. ALGAE FOUNDATION'S ALGAL-BASED STEM EDUCATION INITIATIVES FOR A SUSTAINABLE FUTURE AND THE DEVELOPMENT OF THE BIOECONOMY WORKFORCE. PHYCOLOGICAL SOCIETY OF AMERICA ANNUAL MEETING. JULY 29-AUGUST 2, 2018. VANCOVER, CANADA. LEVINE, I. 2018. DEVELOPING SOCIO-ECONOMICALLY RELEVANT CURRICULUM. FLORIDA POLYTECHNIC UNIVERSITY, AUGUST 13, 2018. LAKELAND, FL. INVITED. CANNIS, T., I. LEVINE, G. MITCHELL, J. NALLEY, AND R. WHITE, 2018. ALGAL-BASED EDUCATION K-14 AND BEYOND. ALGAE BIOMASS SUMMIT. PLENARY LECTURE. OCTOBER 15-17, 2018. THE WOODLANDS, TX. LEVINE, I. 2018. ALGAE FOUNDATION'S ALGAL-BASED STEM EDUCATION INITIATIVES FOR A SUSTAINABLE FUTURE AND THE DEVELOPMENT OF THE BIOECONOMY WORKFORCE. OKLAHOMA STATE UNIVERSITY. OCTOBER 18, 2018. STILLWATER, OK. INVITED. LEVINE, I. 2019. ALGAL-BASED BIOECONOMY: EDUCATION, TRAINING & COMMERCIAL OPPORTUNITIES. RELIANCE INDUSTRIES LIMITED. JANUARY 21, 2
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4ALL BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT BEFORE JOINING THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ARTICLES OF INCORPORATION ARE PUBLICLY AVAILABLE FROM THE SECRETARY OF THE STATE OF WASHINGTON. THE ARTICLES AND BY-LAWS ARE AVAILABLE TO MEMBERS ON THE WEB SITE AND THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CURRICULUM DEVELOPMENT 37,991 0 0 MARKETING 1,000 0 0 TOTAL 38,991 0 0
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ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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