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Algae Biomass Organization FY2020 filing

Not tax-deductible

New Ulm, MN501(c)(6)Community DevelopmentEIN 26-2691686Revenue $345K in FY2020

On file with the IRSalgaebiomass.orgPo Box 725, 56073-0725 · New Ulm, MNTax-exempt since May 2009

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Oragnization's primary purpose: the Algae Biomass Organization ("abo") is organized exclusively as an independent trade association which qualifies as an exempt Organization under section 501(c)(6) of the internal revenue code of 1986.

73¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $11K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$120K
332% of total assets
Concern: liabilities are 332% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$345K
Spent
$314K
To programs
73%
Net assets
−$84K
By yearFY2020–FY2024
Revenue
$345K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$345K
FY2021$372K
FY2022$249K
FY2023$380K
FY2024$377K
Expenses
$314K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$314K
FY2021$361K
FY2022$237K
FY2023$402K
FY2024$355K
Net assets
−$84K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$84K
FY2021−$73K
FY2022−$61K
FY2023−$82K
FY2024−$60K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $230K Management & general 18% · $58K Fundraising 8% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation
Rebecca White
Executive Di
$71,250Pt VII · Sec A
Mark Allen
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Thomas Byrne
Treasurer
$0Pt VII · Sec A
Laurel Harmon
Past Directo
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jon Kallen’s $50K as Executive Director is at the 28th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2021FY2020
Rebecca White—$125,000$71,250
Jon Kallen$49,538——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Algae Biomass Organization executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes the algae industry as a trade association.

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Provided by the organization

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2 programs · in their own filed words · FY2020
01

A) an active and strong bipartisan congressional algae caucus - this group of lawmakers has become an active advocate for annual appropriations that support important research and projects across the algae value chain to the benefit of abo members and the industry.

Pt IX · col B
02

Abo hosted the 14TH annual algae biomass summit august 12 - october 2, 2020 as a virtual event. With 400 attendees from more than 30 countries, the event featured 34 online conference sessions, 195 speakers, and over 30 poster presentations and trade show exhibits.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$345K
Ln 12
Gifts and grantsLn 1h$205K
Other incomeLn 4–11$140K
Investment incomeLn 3$2
Money outPt IX
$314K
Ln 25
Programscol B$230K
Managementcol C$58K
Fundraisingcol D$26K
Owns and owesPt X
−$84K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$36K
LiabilitiesLn 26$120K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$205K
Investment incomeLn 3$2
Other incomeLn 4–11$140K
Total revenueLn 12$345K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$36K
Total assetsLn 16$36K
LiabilitiesLn 26$120K
Net assetsLn 32−$84K
OperationsPt I, VI
EmployeesI 52
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$43K$36K
Total assetsLn 16$43K$36K
LiabilitiesLn 26$157K$120K
Net assetsLn 32−$114K−$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$91K$63K$18K$9K
Other employee benefitsLn 9$4K$3K$840$420
Payroll taxesLn 10$7K$5K$1K$708
Management feesLn 11a$45K$32K$9K$5K
Lobbying feesLn 11d$33K$33K
Advertising and promotionLn 12$64K$45K$13K$6K
Office expensesLn 13$7K$6K$1K$528
Information technologyLn 14$13K$13K
OccupancyLn 16$4K$3K$720$360
TravelLn 17$626$438$125$63
Conferences, conventions and meetingsLn 19$32K$23K$6K$3K
InterestLn 20$805$805
InsuranceLn 23$2K$2K$438$219
Other expenses (24a–d)Ln 24$11K$3K$7K$1K
Total functional expensesLn 25$314K$230K$58K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $377K$355K$22K−$60K 990 PDF
FY2023 $380K$402K−$22K−$82K 990 PDF
FY2022 $249K$237K$12K−$61K 990 PDF
FY2021 $372K$361K$11K−$73K 990 PDF
FY2020 Viewing $345K$314K$31K−$84K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $344,790 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $289,082$205,200
I-9 Program service revenue$0
I-10 Investment income$2
I-11 Other revenuePrior year $394,732$139,588
I-12 Total revenuePrior year $683,814$344,790
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $101,281$101,796
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $424,202$212,354
I-18 Total expensesPrior year $525,483$314,150
I-19 Revenue less expensesPrior year $158,331$30,640
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $344,790 across 5 lines filed
VIII-1b Membership dues$205,200
VIII-1h Total contributions, gifts and grants$205,200
VIII-3 Investment incomeRelated to mission $2$2
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $139,588$139,588
VIII-12 Total revenueRelated to mission $139,590$344,790
Part IX · Statement of functional expenses $314,150 across 14 lines filed
IX-7 Other salaries and wagesPrograms $63,361 · Management $18,103 · Fundraising $9,052$90,516
IX-9 Other employee benefitsPrograms $2,940 · Management $840 · Fundraising $420$4,200
IX-10 Payroll taxesPrograms $4,956 · Management $1,416 · Fundraising $708$7,080
IX-11a Management feesPrograms $31,707 · Management $9,059 · Fundraising $4,530$45,296
IX-11d Lobbying feesPrograms $33,120$33,120
IX-12 Advertising and promotionPrograms $44,505 · Management $12,716 · Fundraising $6,358$63,579
IX-13 Office expensesPrograms $5,719 · Management $1,055 · Fundraising $528$7,302
IX-14 Information technologyPrograms $12,552$12,552
IX-16 OccupancyPrograms $2,520 · Management $720 · Fundraising $360$3,600
IX-17 TravelPrograms $438 · Management $125 · Fundraising $63$626
IX-19 Conferences, conventions and meetingsPrograms $22,696 · Management $6,485 · Fundraising $3,242$32,423
IX-20 InterestPrograms $805$805
IX-23 InsurancePrograms $1,531 · Management $438 · Fundraising $219$2,188
IX-24 Other expenses (24a–d)Programs $2,781 · Management $7,072 · Fundraising $1,010$10,863
IX-25 Total functional expensesPrograms $229,631 · Management $58,029 · Fundraising $26,490$314,150
Part X · Balance sheet $36,102 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $42,297$32,961
X-2 Savings and temporary cash investmentsStart of year $554$3,141
X-16 Total assetsStart of year $42,851$36,102
X-17 Accounts payable and accrued expensesStart of year $50,091$2,090
X-19 Deferred revenueStart of year $106,983$90,950
X-24 Unsecured notes and loans payable$26,645
X-26 Total liabilitiesStart of year $157,074$119,685
X-32 Total net assets or fund balancesStart of year −$114,223−$83,583
X-33 Total liabilities and net assetsStart of year $42,851$36,102
Part XI · Reconciliation of net assets −$83,583 net assets at year end
XI-1 Total revenue$344,790
XI-2 Total expenses$314,150
XI-3 Revenue less expenses$30,640
XI-4 Net assets at start of year−$114,223
XI-10 Net assets at end of year−$83,583

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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