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Algae Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 462312083 ✦ Poland, ME ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Ira Levine (Board Chair/President) [Trustee/Director]
  • Compensation: $162,000
  • Related: $0
  • Other: $0

    • Jakob Nalley (Secretary) [Trustee/Director]
  • Compensation: $13,400
  • Related: $0
  • Other: $0

    • Jesse Traller Ojeda (Board Member) [Trustee/Director]
  • Compensation: $3,780
  • Related: $0
  • Other: $0

    • Philip Pienkos (Board Member) [Trustee/Director]
  • Compensation: $2,000
  • Related: $0
  • Other: $0

    • Tiffany Cannis (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Mitchell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edmund Gaither (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Koffler (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thealgaefoundation.org

    Where can I find the form 990 for Algae Foundation?

    The 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.

    Impact

    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.




    Tuesday, June 18, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,594
  • Program Service Revenue: $0
  • Gross Receipts: $986,125

    • Assets and Liabilities:
  • Total Assets: $809,976
  • Total Liabilities: $71,211
  • Net Assets: $738,765
  • Organization Details

    Founding Year

    2013

    Principal Officer

    Ira Levine

    Main Address

    111 TRIPP LAKE CAMP ROAD, POLAND, ME, 04274

    NTEE Category

    Code: C60 - Environment

    If you are a representative of Algae Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.