Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
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
7 people listed on the 990; $10K paid to officers and key staff.
Serguei Noujdine’s $42K as President is at the 42nd percentile of top reported officer pay among 1171 $100K–1M food & agriculture 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Serguei Noujdine | $41,667 | $20,000 | — |
| Nina Noujdina | $40,000 | — | — |
| Nina Nouidina | — | $40,000 | — |
| Kevin Gaines | $21,469 | — | — |
| Krish Doraiswamy | — | $7,402 | — |
| Nina Noujdina | — | — | $6,667 |
| Serguei Noujdina | — | — | $3,333 |
| Charles Yarish | $1,200 | $600 | — |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Develops and maintains seed banks for improved, non-GMO kelp crops, preventing gene flow to wild kelp.
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We are completing our grounds including 1000 gallon circulating aquatic system at the core of our mission along with the associated infrastructure. This will allow us to begin building the sporophyte library during 2023.
We recruited a full-time Collection Curator whose trained in Macroalgal lab and has specific lab skills to maintain seeds collection.
We are working closely with the University of Milwuakee on Materials Transfer Agreement that will allow as to start our collection.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $0 | $385K |
| Total assetsLn 16 | $0 | $385K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $0 | $385K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $9K | $9K | ||
| Other salaries and wagesLn 7 | $0 | $0 | $0 | |
| Payroll taxesLn 10 | $2K | $2K | ||
| Management feesLn 11a | $81 | $81 | ||
| Other fees for servicesLn 11g | $78K | $78K | $600 | |
| Advertising and promotionLn 12 | $195 | $195 | ||
| Office expensesLn 13 | $125 | $50 | $75 | |
| OccupancyLn 16 | $9K | $9K | ||
| TravelLn 17 | $2K | $824 | $1K | |
| Conferences, conventions and meetingsLn 19 | $347 | $347 | ||
| InsuranceLn 23 | $6K | $1K | $5K | |
| Other expenses (24a–d)Ln 24 | $17K | $17K | $50 | $0 |
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $124K | $116K | $8K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $398K | $571K | −$173K | $1.1M | 990 PDF |
| FY2023 | $1.4M | $300K | $1.1M | $1.2M | 990 PDF |
| FY2022 Viewing | $509K | $124K | $385K | $385K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $509,122 across 11 lines filed
Part IX · Statement of functional expenses $124,160 across 13 lines filed
Part X · Balance sheet $384,962 assets, 8 lines filed
Part XI · Reconciliation of net assets $384,962 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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