The Strand Institute

The Strand Institute was founded in 1995 by Dr. Richard Strand.

The Reward
Since 1998, the Strand Institude has offered a million dollar reward for any confirmed evidence of paranormal or supernatural activity. Dr. Strand tells Alex in Episode 101 that thousands of people have tried to claim the reward, but "nobody has even come close". However, this statement is undermined by the existence of the black tapes.