ALGAE BIOMASS ORGANIZATION

Financial Trends

Organization Details

ALGAE BIOMASS ORGANIZATION, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $377K in total revenue in fiscal year 2024. Expenses of $355K left a modest 6% surplus.

Mission

THE PRIMARY PURPOSE OF THE ABO IS TO IMPROVE BUSINESS CONDITIONS IN THE ALGAL BIOMASS INDUSTRY. THE ABO'S PURPOSES, AS SET FORTH IN ITS ARTICLES OF INCORPORATION, GENERALLY SUPPORT THIS PRIMARY PURPOSE: A. TO PROMOTE THE DEVELOPMENT OF VIABLE COMMERCIAL MARKETS FOR RENEWABLE AND SUSTAINABLE COMMODITIES DERIVED FROM ALGAE. B. TO SERVE AS A NATIONAL AND INTERNATIONAL TRADE ASSOCIATION AND VOICE FOR INDIVIDUALS, CORPORATIONS AND OTHER BUSINESS ENTITIES PURSUING COMMERCIAL APPLICATIONS FOR ALGAL BIOMASS, INCLUDING, BUT NOT LIMITED TO, THE USE OF ALGAL BIOMASS AS A FEEDSTOCK FOR TRANSPORTATION FUEL AND ELECTRICAL GENERATION, ANIMAL FEED, WASTEWATER REHABILITATION, AND NUTRACEUTICALS. C. TO OPERATE AND FUNCTION TO: (I) FACILITATE INFORMED BUSINESS DECISIONS BASED ON SOUND SCIENCE, BEST PRACTICES AND THE LATEST TECHNOLOGIES; (II) FACILITATE COMMUNICATIONS BETWEEN BUSINESSES AND INDIVIDUALS IN THE ALGAL BIOMASS INDUSTRY, AS WELL AS THOSE BUSINESSES, NON-PROFIT ORGANIZATIONS, RESEARCH INSTITUTIONS AND OTHERS SUPPORTING THE INDUSTRY; AND (III) OTHERWISE TO FURTHER ADVANCE THE INTRODUCTION OF ALGAE COMMERCIAL AND BUSINESS SOLUTIONS TO THE MARKETPLACE. D. TO ACT AS AN INFORMATION CLEARINGHOUSE FOR INFORMATION RELATED TO ALGAE, COMMERCIAL APPLICATIONS, PAST AND ONGOING RESEARCH, AND THE ALGAL BIOMASS INDUSTRY IN GENERAL. E. TO EDUCATE THE ABO'S MEMBERS, POLICY MAKERS, THE MEDIA, THOSE INVOLVED IN OTHER INDUSTRY SEGMENTS THAT WILL PURCHASE OR UTILIZE ALGAL-BASED PRODUCTS, AND THE GENERAL PUBLIC REGARDING THE COMMERCIALIZATION AND USE OF ALGAL-BASED PRODUCTS, NEW TECHNOLOGIES, BEST PRACTICES, AND HOW THE COMMERCIAL USE OF ALGAL BIOMASS IN CERTAIN APPLICATIONS CAN IMPROVE THE ENVIRONMENT, FOSTER ENERGY INDEPENDENCE AND THE ECONOMY, BY PROVIDING TECHNICAL INFORMATION AND THROUGH THE SUPPORT AND PARTICIPATION IN EDUCATIONAL OPPORTUNITIES, PEER-REVIEWED ARTICLES, REPORTS, STUDIES, SPEAKING ENGAGEMENTS AND OTHER MEANS AND MEDIUM. F. TO DEVELOP, ADVOCATE FOR AND PROMOTE BOTH BUSINESS AND TECHNICAL BEST PRACTICES THAT WILL FACILITATE THE COMMERCIALIZATION OF ALGAL-BASED PRODUCTS. G. TO AGGREGATE AND FORMALIZE ADVOCACY EFFORTS FOR THE IMPROVEMENT OF FEDERAL, STATE AND LOCAL POLICIES THAT WOULD AID IN THE COMMERCIALIZATION AND EXPANDED USE OF ALGAL-BASED PRODUCTS. H. TO AID, SUPPORT, AND ASSIST BY GIFTS, CONTRIBUTIONS OR OTHERWISE, OTHER CORPORATIONS, COMMUNITY CHESTS, FUNDS AND FOUNDATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES, NO PART OF THE NET EARNINGS OF WHICH INURES TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL, AND NO SUBSTANTIAL PART OF THE ACTIVITIES OF WHICH IS CARRYING ON PROPAGANDA, OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION OR OTHER TAX EXEMPT ORGANIZATIONS UNDER SECTION 501(C) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Financial Overview (2024)

Year-over-Year Comparison

Governance

Special Practices & Reported Activities

Compensation of Officers, Directors & Key Employees

Historical Data