ALGALITA MARINE RESEARCH AND EDUCATION

EIN: 330657882 501(c)(3) Science & Technology

LONG BEACH, CA

Total Revenue
$519,253
Total Expenses
$455,879
Total Assets
$742,179
Net Assets
$607,121
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CA
Principal Officer
KATIE ALLEN
Phone
5625984889
Tax Period
2024-01-01 to 2024-12-31

ALGALITA MARINE RESEARCH AND EDUCATION, founded in 1994, is a small nonprofit in the Science & Technology sector that reported $519K in total revenue in fiscal year 2024. Expenses of $456K left a modest 12% surplus.

Mission

TO PROTECT THE MARINE ENVIRONMENT AND ITS WATERSHEDS THROUGH RESEARCH, EDUCATION, AND RESTORATION. THE ORGANIZATION'S MAIN FOCUS IS ON THE ISSUE OF PLASTIC POLLUTION AND ITS EFFECT ON THE MARINE ECOSYSTEM AND POTENTIAL RISKS TO HUMAN HEALTH THROUGH THE TRANSFER OF TOXINS FROM INGESTED PLASTIC DEBRIS BY FISH AND THROUGH THE FOOD CHAIN. THE ORGANIZATION'S GOAL IS TO DEVELOP A CLEAR UNDERSTANDING OF THE IMPACT OF PLASTICS ON OUR MARINE ENVIORNMENT BY EDUCATING THE PUBLIC ABOUT THE ECOLOGICAL VALUE AND VULNERABILITIES OF OUR OCEANS AND HOW INDIVIDUAL ACTIONS INFLUENCE THE MARINE ECOSYSTEM AND HUMAN HEALTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $470,325
Program Service Revenue $8,535
Investment Income $40,787
Other Revenue $-394
TOTAL REVENUE $519,253

Expense Breakdown

Grants Paid $16,430
Salaries & Benefits $258,296
Fundraising Expenses $18,142
Program Expenses $385,153
Other Expenses $181,153
TOTAL EXPENSES $455,879

Year-over-Year Comparison

2024 2023 Change
Revenue $519,253 $489,495 +0.1%
Expenses $455,879 $472,918 0.0%
Net Income $63,374 $16,577 +2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
4
Volunteers
300

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$80,049
Total Directors
10
$80,049
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATIE ALLEN EXECUTIVE DIRECTOR 40.00
Officer Director
$80,049 $0 $80,049
MALLORY BURDEN PRESIDENT 1.00
Officer Director
$0 $0 $0
RONALD JAGNER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PAMELA WEINSTEIN SECRETARY 1.00
Officer Director
$0 $0 $0
JEFF CARRICK TREASURER 1.00
Officer Director
$0 $0 $0
NIKHIL DAVE DIRECTOR 1.00
Director
$0 $0 $0
MARIETA FRANCIS DIRECTOR 1.00
Director
$0 $0 $0
SALVADOR URIBE DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY CONTRERAS DIRECTOR 1.00
Director
$0 $0 $0
KAELYN BRUNO DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $519,253 $455,879 $742,179 $63,374
2023 $489,495 $472,918 $760,690 $16,577
2022 $334,680 $390,131 $782,059 $-55,451
2021 $426,453 $391,016 $558,525 $35,437
2020 $568,479 $497,902 $521,364 $70,577
2019 $546,297 $510,031 $450,931 $36,266
2018 $459,771 $512,535 $404,402 $-52,764
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