Promotes algae's power for sustainable energy, nutrition, products, and ecological services globally.
For fiscal year 2024 it reported $1.2M in revenue, $1.1M in expenses, and $1.5M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $82K
Where spending went · Part IX cols B–D
81%
13%
Program services $0.81 Management & general $0.13 Fundraising $0.06
Program efficiency
81%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
15.2mo
months of highly liquid reserves at operating expense rate▼ -3% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▼ -78% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▼ -19%
$1.5M$744K$0
FY2020FY2024
Expenses
$1.1M
FY2024▲ +9%
$1.1M$560K$0
FY2020FY2024
Total assets
$1.6M
FY2024▲ +6%
$1.6M$793K$0
FY2020FY2024
Total liabilities
$64K
FY2024▲ +27%
$71K$36K$0
FY2020FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$82K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III
Where the work happens
3 program services account for $843K of program spending, described in the organization's own filed words · FY2024.
01
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.
$426Kprogram expense
02
Algae 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.
$259Kprogram expense
03
The 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.
Ira Levine’s $221K as CEO
is at the 89th percentile of top reported officer pay among 1843 $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
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.
Individual Ira Levine · Reported title CEO · Highest reported compensation $221K · Total expenses $1.1M
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $567K · Total expenses $1.1M
51%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
81%
—
—
Overhead ratio
13%
—
—
Fundraising cost ratio
36%
—
—
Revenue growth
-19%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
4%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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