Algae Foundation

Overview

The Algae Foundation is a 501(c)(3) nonprofit organization focused on advancing the algae industry through education, research, and outreach. It is categorized under environmental quality, protection, and beautification as well as environmental education and outdoor survival programs.

Mission and Activities

The foundation supports the development of future leaders in the algae sector by providing scholarships, grants, and other forms of financial and organizational support. It aims to enhance understanding and awareness of algae among private, academic, and public sectors. Key activities include educational outreach, research, and development, particularly in promoting algae as a sustainable solution for the planet.

Educational Initiatives

The Algae Foundation has been involved in significant educational projects. In 2015, it announced plans for a Department of Energy-funded initiative to develop a comprehensive curriculum and degree program in algal cultivation technologies. This effort was part of the Algae Technology Educational Consortium (ATEC), which collaborates with academic institutions, national laboratories, and industry leaders to strengthen workforce capabilities in commercial algae production.

Summer Algae Science Institute (SASI)

The foundation also runs the Summer Algae Science Institute, a professional development program targeting K-12 educators. SASI provides hands-on training to integrate algae-based STEM curricula into classrooms, enhancing educator and student understanding of algae. The program has adapted over time, offering both in-person and virtual training options, especially in response to COVID-19 challenges.

Leadership

As of 2023, Ike Levine serves as the CEO, bringing extensive experience in applied algal farming and academic appointments. The board is composed of professionals from industry, academia, and national laboratories, dedicated to raising funds for educational initiatives.

Financials

The Algae Foundation primarily relies on contributions, which have consistently accounted for virtually all of its revenue. In 2021, contributions totaled $558,657. Significant expenses include salaries and wages, with a focus on keeping administrative costs low to maximize impact.

Ratings and Compliance

The Algae Foundation holds a 4-star rating on Charity Navigator, though it has faced issues with California state registrations. Despite these challenges, the organization remains committed to its mission of expanding algae education and research.

Conclusion

The Algae Foundation plays a pivotal role in fostering the next generation of algal professionals and advancing sustainable practices through algae-based solutions. Its focus on education, collaboration, and awareness helps drive innovation and sustainability efforts in the field.