Overview
What is Algae Foundation?
The Algae Foundation, located in Poland, Maine, is a nonprofit organization dedicated to harnessing the potential of algae to create a sustainable future. With a modest team of three individuals, their mission is to transform human society and the environment by making algae a fundamental source of energy, nutrition, products, and ecological services worldwide. Their work aims to foster a future where algae play a crucial role in providing renewable energy, nutritious food, essential products, and ecological services, contributing to sustainable societies globally.
Official website here: www.thealgaefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star Rating
The Algae Foundation has received an 88% score from Charity Navigator, indicating a solid Three-Star rating. This score is derived solely from its accountability and finance metrics, which reflect the organization's commitment to transparency and responsible financial management.
The foundation excels in several key areas, including having an independent board size of seven members and comprehensive financial oversight. Its policies on conflicts of interest, whistleblower protections, and document retention are all fully compliant, demonstrating a strong governance framework.
However, a notable limitation is the lack of independent board members, which could raise questions about diverse oversight and decision-making. Despite this, the organization maintains a strong financial structure and a high program expense ratio, suggesting effective allocation of resources toward its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Algae Foundation legitimate?
Algae Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Algae Foundation 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:
Executive Compensation: $181,180
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,603
For more financial information, click here
Official website here: www.thealgaefoundation.org
What is the mission statement of Algae Foundation?
The Algae Foundation's mission is centered around harnessing the potential of algae to transform human society and the environment that sustains it. Their goal is to create a future where algae serves as a fundamental source of energy, nutrition, products, and ecological services, contributing towards sustainable societies globally. The organization aims to facilitate this transition by promoting the power of algae and fostering its utilization in various sectors.
Official website here: www.thealgaefoundation.org
Who is the CEO of Algae Foundation?
Ira Levine is the Board Chair/President of Algae Foundation.
Official website here: www.thealgaefoundation.org
What is the revenue of Algae Foundation?
Algae Foundation's revenue in 2022 was $986,125.
Official website here: www.thealgaefoundation.org
Who are the executives of Algae Foundation and what are their salaries?
The average compensation at Algae Foundation during 2022 was $108,261. There are 3 employees and 7 volunteers at Algae Foundation.
Here are 8 key members and their salaries:
- Compensation: $162,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $13,400
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $3,780
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thealgaefoundation.org
Where can I find the form 990 for Algae Foundation?
Algae Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thealgaefoundation.org
Learn more at the official website: www.thealgaefoundation.org
Mission Statement of Algae Foundation
The Algae Foundation, a pioneering organization, is dedicated to harnessing the potential of algae to revolutionize human environments and foster a future where algae serve as a fundamental source of energy, nutrition, products, and ecological services for sustainable societies globally. By promoting the power of algae, the Foundation aims to transform society and the environment upon which it depends, paving the way for a future where algae play a crucial role in providing energy, food, materials, and environmental services for a sustainable world.
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Impact
June, 2024
Algae Foundation is driving significant change by promoting the utilization of algae to revolutionize human society and the environment. By advocating for algae as a fundamental source of energy, nutrition, products, and ecological services, the foundation is paving the way for sustainable societies on a global scale. Their work is crucial in fostering a future where algae play a central role in addressing pressing environmental and societal challenges.
This information is meant to be a general summary of Algae Foundation. 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: $2,594
- Gross Receipts: $986,125
Assets and Liabilities:
- Total Assets: $809,976
- Total Liabilities: $71,211
- Net Assets: $738,765
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Organization Details
Founding Year
2013
Phone
(619) 231-1977Principal Officer
Ira Levine
Main Address
111 TRIPP LAKE CAMP ROAD, POLAND, ME, 04274
Website
www.thealgaefoundation.orgNTEE Category
Code: C60 - Environment
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