FEARLESS FUND
3029 WOODLAND DRIVE NW, WASHINGTON, DC 20008 www.fearlessfund.org

Total Revenue
$237,816
Total Expenses
$130,205
Net Assets
$108,577

Organizations Filed Purposes: THE PURPOSE OF THE CORPORATION IS TO ENCOURAGE ENVIRONMENTAL ACTIVISM AND TO ADVANCE THE EDUCATION, PHYSICAL, MENTAL, SOCIAL, CULTURAL, HEALTH AND ECONOMIC WELL-BEING OF LOCAL COMMUNITIES, GROUPS AND INDIVIDUALS, AND FOCUS ON FOOD, FIBER, FILM AND FARM.

OCEAN ENERGY FROM MACROALGAE (OEM) MIMICS NATURALLY OCCURRING SARGASSUM PRODUCTION TO FARM AN ENERGY CROP. THE TECHNIQUE PRODUCES MACROALGAE AT SCALE WITHOUT COSTLY AQUACULTURE GEAR THAT IS: HARMFUL TO MARINE LIFE, VULNERABLE IN STORMS AND COMPETES WITH OTHER MARINE USERS. IT WORKS COMPATIBLY WITH ECOSYSTEMS. THE TEAM EMPLOYS TECHNOLOGY, SUCH AS MODELLING AND SATELLITE IMAGERY, TO LOCATE NATURAL SARGASSUM MATS PROXIMATE TO THE FARM SITE. THE TEAM THEN HARVESTS A PERCENTAGE OF THE MAT WHILE RETURNING BYCATCH TO THE REMAINING MAT, DIVIDES THE STARTER PLANTS MECHANICALLY ONBOARD FOR THE FUTURE CROP, THEN TRANSPORTS THE NEW SEEDLINGS TO CIRCULAR CURRENTS IN THE GULF OF MEXICO FOR GROWTH AND HARVEST. PHASE I WILL TEST AND REFINE KEY COMPONENTS OF THE PRODUCTION PROCESS SUCH AS THE RELIABILITY OF SATELLITE IMAGERY TO LOCATE AND GUIDE HARVEST OF STARTER CULTURE, THE SIZE OF CUTTINGS AND TYPE OF EQUIPMENT TO CUT THE PLANTS FOR OPTIMAL BIOMASS PRODUCTION, MAT FORMATION FOR EASE OF HARVEST, AND PREDICTABILITY AND LONGEVITY OF CIRCULAR CURRENTS TO HOLD THE CROP UNTIL HARVEST AS WELL AS SUCCESSFUL ADVISORY TO INITIATE HARVEST. LAST, TEAM MEMBERS WILL ANALYZE SARGASSUM FOR BOTH ENERGY AND NON-ENERGY CO-PRODUCTS. FINALLY, A REPORT WILL EVALUATE EACH OF THESE AREAS TO DETERMINE FEASIBILITY OF AN INTEGRATED APPROACH FOR SCALED SARGASSUM FARMING FOR PHASE II.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Boyce Thorne-MillerDIRECTOR1$0
Anne ZillDIRECTOR1$0
Keith StavrumDIRECTOR1$0
Virginia DaleyDIRECTOR1$0
Cary DevorsetzSECRETARY1$0
Felice Fritzi CohenTREASURER1$0
Alyson MyersPRESIDENT10$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201923199349309622_public.xml

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