2024-10-28T17:17:02-05:00 2023-12-31 450250958 EIDE BAILLY LLP 21515 HAWTHORNE BLVD STE 1250 TORRANCE CA 905036583 990 2023-01-01 463977904 ALTASEA AT THE PORT OF LOS ANGELES ALTA 4242104320 2451 SIGNAL STREET SAN PEDRO CA 90731 TERRY TAMMINEN PRESIDENT 4242104320 2024-10-28 1 1 TIMOTHY D PETTIT CPA P00393206 3105405990 2024-10-28 2023 2024-10-15 13:58:12Z TERRY TAMMINEN 2451 SIGNAL STREET SAN PEDRO CA 90731 15277125 0 X HTTPS://ALTASEA.ORG X 2013 CA ALTASEA AT THE PORT OF LOS ANGELES IS DEDICATED TO ACCELERATING SCIENTIFIC COLLABORATION, ADVANCING AN EMERGING BLUE ECONOMY THROUGH BUSINESS INNOVATION AND JOB CREATION, AND INSPIRING THE NEXT GENERATION, ALL FOR A MORE SUSTAINABLE, JUST AND EQUITABLE WORLD. 16 15 20 38 0 0 5246386 14194875 299940 795773 10832 38820 -17703 151824 5539455 15181292 509121 495370 0 0 1500974 1823447 90537 223415 664697 1309464 1957690 3410096 4499922 2129359 10681370 19304192 35181899 4427896 10280710 14876296 24901189 X ALTASEA AT THE PORT OF LOS ANGELES IS DEDICATED TO ACCELERATING SCIENTIFIC COLLABORATION, ADVANCING AN EMERGING BLUE ECONOMY THROUGH BUSINESS INNOVATION AND JOB CREATION, AND INSPIRING THE NEXT GENERATION, ALL FOR A MORE SUSTAINABLE, JUST AND EQUITABLE WORLD. 0 0 264346 0 51000 SCIENCE: WE BRING THE WORLD'S FINEST MARINE SCIENTISTS AND ENGINEERS TOGETHER TO CONDUCT BREAKTHROUGH RESEARCH AND DISCOVER SOLUTIONS TO FOOD AND ENERGY SUPPLY, CLIMATE CHANGE, AND OCEAN EXPLORATION. TODAY MORE THAN 30 LEADING UNIVERSITIES ARE INVOLVED WITH ALTASEA INCLUDING THE UNIVERSITY OF CALIFORNIA, LOS ANGELES; UNIVERSITY OF SOUTHERN CALIFORNIA; SCRIPPS INSTITUTION OF OCEANOGRAPHY AT THE UNIVERSITY OF CALIFORNIA, SAN DIEGO; CAL TECH'S JET PROPULSION LABORATORY; AND THE UMBRELLA ORGANIZATION SOUTHERN CALIFORNIA MARINE INSTITUTE. 1285000 0 744773 BUSINESS: ALTASEA NURTURES NEW AND EXISTING COMMERCIAL OCEAN-RELATED PRODUCTS, SERVICES, AND JOBS THROUGH OUR BLUE SUSTAINABLE ECONOMY ALLIANCE (BLUESEA). AMONG OUR MORE THAN 40 ACTIVE BUSINESS LEADERS ARE ECOWAVE POWER, PACIFIC6, RCAM, BLUE ROBOTICS, AND HOLDFAST AQUAFARMS. 870131 100000 0 EDUCATION: ALTASEA IS PIONEERING PROGRAMS THAT IMMERSE CHILDREN AND ADULTS IN THE OCEAN'S CRITICAL ROLE FOR THE FUTURE OF OUR PLANET. IN ADDITION TO THE LOS ANGELES UNIFIED SCHOOL DISTRICT (INCLUDING INGLEWOOD AND LAWNDALE), 15+ COMMUNITY-BASED ORGANIZATIONS WORK WITH ALTASEA INCLUDING: BOYS AND GIRLS CLUBS OF THE LA HARBOR, SANTA MONICA COLLEGE, WILMINGTON'S STRENGTH BASED COMMUNITY CHANGE (SBCC), AND THE WATTS ENTREPRENEUR EDUCATION CENTER. ALTASEA OCEAN PATHWAYS PROGRAM (ASOP) IS THE ONLY PROGRAM OF ITS KIND IN CALIFORNIA THAT AIMS TO EXPAND FORMAL AND INFORMAL OCEAN STEM LEARNING FROM A YOUNG AGE TO DEVELOP A SKILLED WORKFORCE FOR THIS EMERGING SECTOR IN THE GLOBAL OCEAN ECONOMY. ALTASEA WORKS CLOSELY WITH 14+ COLLEGES THROUGH THEIR BLUE ECONOMY CLIMATE ACTION PATHWAYS PROGRAM TO DEVELOP WORKFORCE DEVELOPMENT CURRICULUMS TO ENSURE THEIR STUDENTS HAVE ACCESS TO THE NEW JOBS IN THESE SECTORS. 672648 395370 0 CAMPUS REDEVELOPMENT AND OTHER PROGRAM SERVICES: ALTASEA IS DEDICATED TO IGNITING ENGAGEMENT & EXCITEMENT IN PERSONS OF ALL AGES & BACKGROUNDS WITH PROGRAMS THAT COMMUNICATE ABOUT THE OCEAN AND ITS IMPORTANCE TO OUR LIVES. 672648 395370 0 3092125 1 1 0 1 0 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 59 0 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X TERRY TAMMINEN 4242104320 2451 SIGNAL STREET SAN PEDRO CA 90731 TERRY TAMMINEN PRESIDENT/CEO 40.00 X X 360375 0 2707 DOANE LIU DIRECTOR 1.00 X 0 0 0 GERALDINE KNATZ CHAIRMAN 1.00 X 0 0 0 MONIQUE JOHNSON TREASURER 1.00 X 0 0 0 MARTIN H BLANK JR DIRECTOR 1.00 X 0 0 0 YEHUDI GAFFEN DIRECTOR 1.00 X 0 0 0 CYNTHIA HIRSCHHORN DIRECTOR 1.00 X 0 0 0 CAROLYN M HULL DIRECTOR 1.00 X 0 0 0 ERIC JOHNSON DIRECTOR 1.00 X 0 0 0 GREG THORPE VICE CHAIRMAN 1.00 X 0 0 0 PATRICIA GALANZA RAMOS DIRECTOR 1.00 X 0 0 0 MELANIE LUNDQUIST DIRECTOR 1.00 X 0 0 0 MATT HORTON DIRECTOR 1.00 X 0 0 0 WENDY NEU DIRECTOR 1.00 X 0 0 0 TARA ROTH DIRECTOR 1.00 X 0 0 0 JOHN MOLINA DIRECTOR 1.00 X 0 0 0 JENNY KRUSOE EVP/COO 40.00 X 258689 0 8658 CHARMIAN E HAUCK CFO 40.00 X 200718 0 42801 819782 0 54166 3 0 1 0 KATHARINE DESHAW 531 N ROSSMORE AVE PH C LOS ANGELES CA 90004 FUNDRAISING CAMPAIGN CONSULTANT 120342 1 7575 169319 8933062 5084919 18472 14194875 PROGRAM RENTALS 531190 795773 795773 795773 32196 32196 151824 0 151824 151824 151824 9939 3315 6624 6624 6624 92518 169319 92518 0 15181292 795773 0 190644 X 495370 495370 873949 488866 263650 121433 755651 422693 227962 104996 9128 5001 3238 889 77443 40924 23699 12820 107276 60129 32104 15043 91367 90210 1157 45400 45400 89973 89973 223415 223415 545836 395623 42256 107957 50442 37876 12566 104872 78839 20756 5277 42556 7688 16570 18298 389163 362352 753 26058 16242 7426 1328 7488 42557 38149 1832 2576 157892 117796 40096 110382 102073 6011 2298 EDUCATIONAL SERVICES FR 136231 136231 REPAIR AND MAINTENANCE 88784 79299 9485 EDUCATIONAL PROGRAMS 18908 18908 MEALS AND ENTERTAINMENT 11367 9764 1603 15718 6935 6803 1980 4499922 3092125 743100 664697 554 950 4249422 3261895 6386707 9855890 273 11250 33333 61296 22434822 444204 8633903 21990618 19304192 35181899 500466 6764044 3459694 1201940 453536 2286192 14200 28534 4427896 10280710 X 9445615 14000847 5430681 10900342 14876296 24901189 19304192 35181899 X 10681370 -538384 -118093 X X 0 1 X 1 0 X 5051771 1783319 1892076 5246386 14194875 28168427 5051771 1783319 1892076 5246386 14194875 28168427 7965161 20203266 404704 274331 429617 98167 184020 1390839 75560 75560 29634826 1095713 0.68170 0.54300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 89973 89973 0 PART II-B, LINE 1: ASSISTED IN THE CREATION OF A WAVE AND TIDAL ENERGY COALITION OF TECHNOLOGY COMPANIES, ACADEMICS, POLICYMAKERS, AND INVESTORS TO HELP DEVELOP AND INSTALL NEW OCEAN-BASED FORMS OF CLEAN ENERGY. IN 2023 WE ADVOCATED FOR THE PASSAGE OF SB605 WAVE/TIDAL ENERGY, WHICH PASSED AND WAS SIGNED INTO LAW. 2 6903 390879 2290 0 1 723504 187205 536299 4385286 149333 4235953 204216 107666 96550 17121816 17121816 21990618 TENANT SECURITY DEPOSIT 28534 28534 X 16249197 982090 982090 15267107 -85815 -85815 15181292 5685921 982090 203909 1185999 4499922 0 4499922 PART X, LINE 2: ALTASEA ACCOUNTS FOR UNCERTAIN TAX POSITIONS BY RECORDING A LIABILITY FOR UNRECOGNIZED TAX BENEFITS RESULTING FROM UNCERTAIN TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS TAX RETURNS. ALTASEA RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPROPRIATE TAXING AUTHORITIES. ALTASEA DOES NOT BELIEVE THAT ITS INCOME TAX RETURNS INCLUDE ANY UNCERTAIN TAX POSITIONS AND ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ACCORDANCE WITH APPLICABLE GUIDANCE, THE ORGANIZATION HAS ELECTED TO INCLUDE INTEREST AND PENALTIES RELATED TO ITS TAX CONTINGENCIES IN INCOME TAX EXPENSE. THERE WERE NO ACCRUALS FOR INTEREST AND PENALTIES RECOGNIZED FOR UNCERTAIN TAX POSITIONS DURING THE YEAR ENDED DECEMBER 31, 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAPITAL GAIN, FUNDRAISING REVENUE 6,703. FUNDRAISING EXPENSES THAT DIRECTLY OFFSET FUNDRAISING INCOME -92,518. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGE EXPENSE 111,391. FUNDRAISING EXPENSES THAT DIRECTLY OFFSET FUNDRAISING INCOME 92,518. X 1 KATHARINE DESHAW 531 N ROSSMORE AVE PH C LOS ANGELES CA 90004 CONSULTING ON VIP FUNDRAISING STRATEGY AND OTHER ASPECTS 0 261837 120342 141495 261837 120342 141495 CA ART INSTALLATION AND EVENING EVENT 261837 169319 92518 0 0 36502 14788 2339 38889 261837 169319 92518 36502 14788 2339 38889 92518 0 1 ALTASEADS CONSERVANCY 2451 SIGNAL STREET SAN PEDRO CA 90731 882044353 501(C)(3) 390879 0 AIM TO DEVELOP, MAINTAIN AND CURATE SEED BANKS TO PROMOTE CONSOLIDATION OF RESOURCES AND KNOWLEDGE, ENABLE BREEDING IMPROVED NON-GMO KELP CROPS AND ESTABLISH CULTIVATION PRACTICES BY PREVENTING TRANSGENE FLOW TO NATURAL KELP BEDS.PROVIDE FISCAL SPONSORSHIP WHILE NOT-FOR-PROFIT ORGANIZATION WAS ESTABLISHING ITSELF. LOS ANGELES MARITIME INSTITUTE BERTH 73 SUITE 2 PORT OF LOS ANGELES SAN PEDRO CA 90731 330515416 501(C)(3) 100000 0 PROMOTE ON THE WATER ACTIVITIES WITH STUDENTS IN CLASS FORMAT FOR THOSE WHO ARE UNFAMILIAR WITH THE OCEAN ECOSYSTEM.PROVIDE FISCAL SPONSORSHIP FOR COLLECTIVE TO OPERATE. 2 0 PART I, LINE 2: AS PART OF A FISCAL SPONSORSHIP AGREEMENT, THERE ARE PROVISIONS FOR NOTIFICATION AND APPROVALS OF CHANGES, REPORTS AND MEETINGS TO REVIEW COMPLIANCE, AND RECORDKEEPING REQUIREMENTS FOR VERIFICATION, ALL OF WHICH IS ON REQUEST OF THE ORGANIZATION/"SPONSOR". 0 0 0 0 0 0 0 0 0 TERRY TAMMINEN PRESIDENT/CEO 360375 0 0 0 0 0 0 0 2707 0 363082 0 0 0 JENNY KRUSOE EVP/COO 258689 0 0 0 0 0 7763 0 895 0 267347 0 0 0 CHARMIAN E HAUCK CFO 200718 0 0 0 0 0 24000 0 18801 0 243519 0 0 0 X 1 10017 FMV AS OF PLEDGE X LIGHT BOXES - 60 UNITS 1 8455 DONOR'S COST 0 0 0 0 PART I, COLUMN (B): ORGANIZATION USES COMBINATION OF METHODS FOR NUMBER OF CONTRIBUTIONS AND NUMBER OF ITEMS CONTRIBUTED TO PRESENT CONTRIBUTIONS AND RELATED ITEMS CLOSE TO HOW IT WAS RECEIVED OR USED BY ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CEO, THE EXECUTIVE DIRECTOR, AND THE AUDIT COMMITTEE. UPON COMPLETION OF ITS REVIEW, THE AUDIT COMMITTEE FORWARDS FORM 990 TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS ANNUALLY EXECUTE A CONFLICT OF INTEREST FORM, WHICH IS REVIEWED BY THE EXECUTIVE DIRECTOR AND LEGAL COUNSEL. DIRECTORS AND OFFICERS ARE ALSO REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST THAT ARISE DURING THE YEAR. ANY CONFLICTS OF INTEREST WOULD BE MANAGED IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 A COHORT STUDY AND AN INDEPENDENT COMPENSATION STUDY (FOR EXECUTIVE DIRECTOR ONLY) WERE DEVELOPED AND REVIEWED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS ALL APPROVED COMPENSATION FOR KEY EXECUTIVES BASED ON THESE STUDIES. EXECUTIVE COMPENSATION PAID BY THE ORGANIZATION IS APPROVED BY DIRECTORS WHO DO NOT HAVE A CONFLICT OF INTEREST, AND THE COMPENSATION DETERMINATION PROCESS AND DECISION IS DOCUMENTED CONTEMPORANEOUSLY IN THE ORGANIZATION'S RECORDS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUST. FORM 990, PART IX, LINE 11G IT CONSULTANT: PROGRAM SERVICE EXPENSES 11,725. MANAGEMENT AND GENERAL EXPENSES 18,947. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,672. OPERATIONS CONSULTANT: PROGRAM SERVICE EXPENSES 20,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,000. GOVERNMENT RELATIONS CONSULTANT: PROGRAM SERVICE EXPENSES 28,620. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,620. GRANT WRITER AND PROGRAM MANAGER: PROGRAM SERVICE EXPENSES 45,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 100,600. TOTAL EXPENSES 145,600. OTHER SERVICE PROFESSIONALS: PROGRAM SERVICE EXPENSES 172,804. MANAGEMENT AND GENERAL EXPENSES 23,309. FUNDRAISING EXPENSES 7,357. TOTAL EXPENSES 203,470. OTHER CONSULTANT: PROGRAM SERVICE EXPENSES 117,474. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117,474. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGE EXPENSE -111,469. CAPITAL GAINS REVENUE, FUNDRAISING REVENUE -6,624. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 8: PRIOR PERIOD ADJUSTMENT DUE TO REVENUE RECOGNITION ERROR ON PRIOR YEAR AUDITED FINANCIAL STATEMENT.