Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
8 people listed on the 990; $221K paid to officers and key staff (Part VII, Section A).
Ira Levine’s $221K as CEO is at the 88th percentile of top reported officer pay among 1851 $1–10M environment 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 · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Ira Levine | $221,000 | $201,577 | $162,000 | — | — |
| Jakob Nalley | — | — | $13,400 | $7,900 | $4,750 |
| Jesse Traller Ojeda | — | — | $3,780 | — | — |
| Phillip Pienkos | — | — | — | $3,400 | — |
| Philip Pienkos | — | — | $2,000 | — | — |
| Jesse Traller | — | — | — | $2,000 | — |
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 Foundation executive salaries →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 algae's power for sustainable energy, nutrition, products, and ecological services globally.
Questions for Algae Foundation
Your first name shows with your question. Algae Foundation answers here, for everyone.
The Algae Technology Educational Consortium (atec)
To develop novel educational programs to strengthen industry workforce capabilities, by focusing on the skills needed to support the commercialization of algae products.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-2312083) · Dispute this lineAlgae Foundation
To promote the power of algae to transform human society and the environment upon which it depends and to facilitate a future in which algae are a fundamental source of energy, nutrition, products, and ecological services for sustainable societies globally.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-2312083) · Dispute this lineThe Algae Academy
To utilize algae as a tool to effectively meet the four disciplines of stem in an interdisciplinary and applied approach by showcasing various aspects of algae technology and real-world examples of how algae creates a more sustainable planet.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-2312083) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $1.4M |
| Land, buildings, equipmentLn 10c | $4K | $2K |
| Total assetsLn 16 | $1.5M | $1.6M |
| LiabilitiesLn 26 | $51K | $64K |
| Net assetsLn 32 | $1.4M | $1.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $2K | $2K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $204K | $131K | $39K | $35K |
| Other salaries and wagesLn 7 | $323K | $228K | $65K | $30K |
| Payroll taxesLn 10 | $40K | $27K | $8K | $5K |
| Legal feesLn 11b | $1K | $1K | $281 | |
| Accounting feesLn 11c | $48K | $38K | $10K | |
| Other fees for servicesLn 11g | $25K | $19K | $5K | $505 |
| Advertising and promotionLn 12 | $15K | $15K | ||
| OccupancyLn 16 | $12K | $12K | ||
| TravelLn 17 | $70K | $70K | ||
| Depreciation, depletion and amortizationLn 22 | $3K | $3K | ||
| InsuranceLn 23 | $8K | $8K | ||
| Other expenses (24a–d)Ln 24 | $363K | $360K | $3K | |
| All other expensesLn 24e | $4K | $3K | $1K | $51 |
| Total functional expensesLn 25 | $1.1M | $907K | $142K | $70K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Oct 6, 2025 | $1.2M | $1.1M | $82K | $1.5M | 990 PDF |
| FY2023Filed with the IRS Nov 6, 2024 | $1.5M | $1.0M | $465K | $1.4M | 990 PDF |
| FY2022Filed with the IRS Nov 14, 2023 | $986K | $756K | $230K | $739K | 990 PDF |
| FY2021Filed with the IRS Oct 27, 2022 | $559K | $478K | $81K | $529K | 990 PDF |
| FY2020Filed with the IRS May 12, 2021 | $356K | $376K | −$20K | $448K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $1,201,217 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $1,201,217 across 8 lines filed
Part IX · Statement of functional expenses $1,119,212 across 14 lines filed
Part X · Balance sheet $1,585,283 assets, 16 lines filed
Part XI · Reconciliation of net assets $1,520,820 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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