Overview
What is Algae Biomass Organization?
The Algae Biomass Organization (ABO) is a notable trade association, headquartered in Preston, Minnesota, with a primary purpose to enhance business conditions within the algal biomass industry. Established as an exempt organization under Section 501(C)(6) of the Internal Revenue Code, ABO's mission aims to foster the development of viable commercial markets for sustainable commodities derived from algae. It serves as a national and international platform for various individuals, corporations, and business entities pursuing commercial applications for algal biomass. The organization hosts the renowned Algae Biomass Summit, attracting industry leaders from around the world, and operates to facilitate informed business decisions based on industry insights. (120 words)
Official website here: www.algaebiomass.org
Is Algae Biomass Organization legitimate?
Algae Biomass Organization is a legitimate nonprofit organization registered as a 501(c)(6) entity. Algae Biomass Organization submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $122,458
For more financial information, click here
Official website here: www.algaebiomass.org
What is the mission statement of Algae Biomass Organization?
The Algae Biomass Organization, abbreviated as ABO, is an independent trade association that operates under Section 501(C)(6) of the Internal Revenue Code of 1986. Its primary purpose is to enhance business conditions in the algal biomass industry. To achieve this, the ABO has several objectives. Firstly, it aims to foster the development of viable commercial markets for renewable and sustainable commodities derived from algae. Secondly, it serves as a national and international platform for individuals, corporations, and other business entities pursuing commercial applications for algal biomass, such as transportation fuel, electrical generation, animal feed, wastewater rehabilitation, and nutraceuticals. Lastly, it facilitates informed business decisions by providing necessary information.
Official website here: www.algaebiomass.org
Who is the CEO of Algae Biomass Organization?
Martin Gross is the President of Algae Biomass Organization.
Official website here: www.algaebiomass.org
What is the revenue of Algae Biomass Organization?
Algae Biomass Organization's revenue in 2022 was $248,663.
Official website here: www.algaebiomass.org
Who are the executives of Algae Biomass Organization and what are their salaries?
The average compensation at Algae Biomass Organization during 2022 was $61,229. There are 2 employees and 25 volunteers at Algae Biomass Organization.
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Official website here: www.algaebiomass.org
Where can I find the form 990 for Algae Biomass Organization?
Algae Biomass Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.algaebiomass.org
Learn more at the official website: www.algaebiomass.org
Mission Statement of Algae Biomass Organization
The Algae Biomass Organization (ABO) is an independent trade association that operates under Section 501(C)(6) of the Internal Revenue Code of 1986. Its primary purpose is to enhance business conditions within the algae biomass industry. To achieve this, the ABO has several objectives. One of its key aims is to foster the creation of viable commercial markets for sustainable and renewable commodities derived from algae.
The organization serves as a national and international platform for individuals, corporations, and other business entities that are engaged in the commercial application of algal biomass. This includes the use of algae as a feedstock for transportation fuel, electrical generation, animal feed, wastewater rehabilitation, and nutraceuticals. By operating as a trade association and voice for these entities, the ABO facilitates informed business decisions based on shared knowledge and best practices. This ultimately helps to drive the growth and success of the algae biomass industry as a whole.
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Impact
October, 2024
The Algae Biomass Organization (ABO) significantly impacts the algal biomass industry by promoting the development of viable commercial markets for renewable and sustainable commodities derived from algae. It serves as a crucial trade association, representing individuals, corporations, and other business entities engaged in the commercial applications of algal biomass.
By facilitating informed business decisions, the ABO fosters collaboration among stakeholders, driving innovation in the utilization of algal biomass for diverse applications, including transportation fuel, electrical generation, animal feed, and nutraceuticals. Its annual Algae Biomass Summit has become a premier event, attracting global leaders and experts in the field, providing a platform for knowledge exchange, networking, and showcasing advancements in algae technology.
Through these initiatives, the ABO strengthens the industry, enhances business conditions, and raises awareness about the potential of algae as a sustainable resource. The organization's efforts contribute to the growth of the algae sector, which is essential for addressing environmental challenges and advancing renewable energy solutions.
This information is meant to be a general summary of Algae Biomass Organization. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $90
- Gross Receipts: $248,663
Assets and Liabilities:
- Total Assets: $28,432
- Total Liabilities: $89,114
- Net Assets: -$60,682
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Organization Details
Founding Year
2008
Phone
(507) 765-2134Principal Officer
Martin Gross
Main Address
125 ST PAUL STREET NW PO BOX 369, PRESTON, MN, 559650369
Website
www.algaebiomass.orgNTEE Category
Code: S41 - Community improvement
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