Algae Biomass Organization FY2023 filing

Not tax-deductible

New Ulm, MN501(c)(6)Community DevelopmentEIN 26-2691686Revenue $380K in FY2023

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.

72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$101K
526% of total assets
Concern: liabilities are 526% 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
$380K
+53% vs prior year
Spent
$402K
To programs
72%
Net assets
−$82K
By yearFY2020–FY2024
Revenue
$380K
FY2023▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2020$345K
FY2021$372K
FY2022$249K
FY2023$380K
FY2024$377K
Expenses
$402K
FY2023▲ +70%
Tap a bar for its year
Expenses by fiscal year
FY2020$314K
FY2021$361K
FY2022$237K
FY2023$402K
FY2024$355K
Net assets
−$82K
FY2023▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2020−$84K
FY2021−$73K
FY2022−$61K
FY2023−$82K
FY2024−$60K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

72 cents of each dollar spent went to programs.

Program services 72% · $289K Management & general 19% · $76K Fundraising 9% · $36K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Past Preside
$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.

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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 · $223K · in their own filed words · FY2023
01

Abo hosted the 17TH annual algae biomass summit october 8-11, 2023 in madison, wi. With over 230 attendees from more than 10 countries, the event featured multiple keynote speakers as well as breakout session with dedicated tracks. In addition the summit had over 18 trade show exhibitors, multiple sponsors and over 30 poster sessions.

$184Kprogram expense
02

A). Algae Biomass Summit

First in person, live event since 2019. Elected officials, governmental officials, ceos, business executives, scientific leaders, students and researchers from over 10 countries all gathered in madison, wi over the course of three days (oct 8-11, 2023) to share the latest developments in the algae space and plan for the future.

$40Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$380K
Ln 12
Other incomeLn 4–11$236K
Gifts and grantsLn 1h$144K
Investment incomeLn 3$2
Money outPt IX
$402K
Ln 25
Programscol B$289K
Managementcol C$76K
Fundraisingcol D$36K
Owns and owesPt X
−$82K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$19K
LiabilitiesLn 26$101K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$144K
Investment incomeLn 3$2
Other incomeLn 4–11$236K
Total revenueLn 12$380K
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$2K
Cash and savings togetherLn 1–2$16K
Total assetsLn 16$19K
LiabilitiesLn 26$101K
Net assetsLn 32−$82K
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 FY23End FY23
Cash and savingsLn 1–2$27K$16K
Total assetsLn 16$28K$19K
LiabilitiesLn 26$89K$101K
Net assetsLn 32−$61K−$82K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$80K$56K$16K$8K
Other employee benefitsLn 9$4K$2K$700$350
Payroll taxesLn 10$7K$5K$1K$665
Management feesLn 11a$42K$29K$8K$4K
Lobbying feesLn 11d$11K$11K
Advertising and promotionLn 12$20K$14K$4K$2K
Office expensesLn 13$8K$7K$524$262
Information technologyLn 14$2K$2K
OccupancyLn 16$6K$4K$1K$620
Conferences, conventions and meetingsLn 19$200K$141K$40K$20K
InterestLn 20$8K$8K
InsuranceLn 23$3K$2K$589$295
Other expenses (24a–d)Ln 24$12K$8K$4K$273
Total functional expensesLn 25$402K$289K$76K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $377K$355K$22K−$60K 990 PDF
FY2023 Viewing $380K$402K−$22K−$82K 990 PDF
FY2022 $249K$237K$12K−$61K 990 PDF
FY2021 $372K$361K$11K−$73K 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $380,166 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $165,365$144,340
I-9 Program service revenue$0
I-10 Investment incomePrior year $90$2
I-11 Other revenuePrior year $83,208$235,824
I-12 Total revenuePrior year $248,663$380,166
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $135,676$90,486
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $100,989$311,480
I-18 Total expensesPrior year $236,665$401,966
I-19 Revenue less expensesPrior year $11,998−$21,800
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 $380,166 across 5 lines filed
VIII-1b Membership dues$144,340
VIII-1h Total contributions, gifts and grants$144,340
VIII-3 Investment incomeRelated to mission $2$2
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $235,824$235,824
VIII-12 Total revenueRelated to mission $2 · Excluded from tax $235,824$380,166
Part IX · Statement of functional expenses $401,966 across 13 lines filed
IX-7 Other salaries and wagesPrograms $56,236 · Management $16,067 · Fundraising $8,034$80,337
IX-9 Other employee benefitsPrograms $2,450 · Management $700 · Fundraising $350$3,500
IX-10 Payroll taxesPrograms $4,654 · Management $1,330 · Fundraising $665$6,649
IX-11a Management feesPrograms $29,167 · Management $8,333 · Fundraising $4,167$41,667
IX-11d Lobbying feesPrograms $10,580$10,580
IX-12 Advertising and promotionPrograms $14,175 · Management $4,050 · Fundraising $2,025$20,250
IX-13 Office expensesPrograms $7,466 · Management $524 · Fundraising $262$8,252
IX-14 Information technologyPrograms $1,779$1,779
IX-16 OccupancyPrograms $4,340 · Management $1,240 · Fundraising $620$6,200
IX-19 Conferences, conventions and meetingsPrograms $140,965 · Management $39,547 · Fundraising $19,774$200,286
IX-20 InterestPrograms $7,521$7,521
IX-23 InsurancePrograms $2,061 · Management $589 · Fundraising $295$2,945
IX-24 Other expenses (24a–d)Programs $7,983 · Management $3,744 · Fundraising $273$12,000
IX-25 Total functional expensesPrograms $289,377 · Management $76,124 · Fundraising $36,465$401,966
Part X · Balance sheet $19,277 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $25,790$14,132
X-2 Savings and temporary cash investmentsStart of year $1,642$1,645
X-9 Prepaid expenses and deferred chargesStart of year $1,000$3,500
X-16 Total assetsStart of year $28,432$19,277
X-17 Accounts payable and accrued expensesStart of year $32,027$55,225
X-19 Deferred revenueStart of year $57,087$46,210
X-26 Total liabilitiesStart of year $89,114$101,435
X-32 Total net assets or fund balancesStart of year −$60,682−$82,158
X-33 Total liabilities and net assetsStart of year $28,432$19,277
Part XI · Reconciliation of net assets −$82,158 net assets at year end
XI-1 Total revenue$380,166
XI-2 Total expenses$401,966
XI-3 Revenue less expenses−$21,800
XI-4 Net assets at start of year−$60,682
XI-9 Other changes in net assets$324
XI-10 Net assets at end of year−$82,158

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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