2020-08-14T15:34:28-05:00 2019-12-31 954091474 ROSSI LLP 400 OCEANGATE SUITE 1000 LONG BEACH CA 90802 990 2019-01-01 463977904 ALTASEA AT THE PORT OF LOS ANGELES ALTA 4242404320 222 WEST 6TH STREET SAN PEDRO CA 90731 TIM MCOSKER CEO CEO 4242404320 2020-07-28 1 ALBERT ROSSI CPA P00132331 5624953325 108.47.112.27 2020-07-28 17:00:15 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E4933A263A5A1188F2D9CA50407FCF7CEDB38B9B 2019 2020-09-23 17:36:50Z TIM MCOSKER 222 WEST 6TH STREET SAN PEDRO CA 90731 5551167 0 X ALTASEA.ORG X 2013 CA GENERATING INNOVATIVE SOLUTIONS TO THE GLOBAL CHALLENGES OF SUSTAINABILITY. 11 10 7 27 0 0 3114226 5051771 0 0 1491 4313 158975 477322 3274692 5533406 21638 74600 0 0 739746 763138 0 0 253271 920072 521882 1681456 1359620 1593236 4173786 8194024 12372938 470268 475615 7723756 11897323 X TO BRING TOGETHER SCIENCE, BUSINESS AND EDUCATION TO GENERATEINNOVATIVE SOLUTIONS TO THE GLOBAL CHALLENGES OF SUSTAINABILITY.ALTASEA WORKS TO DEMONSTRATE HOW THE OCEAN IS INTEGRAL TO THEWELL-BEING OF HUMANKIND AND THE HEALTH OF THE EARTH. 0 0 955934 74600 75560 EXPAND SCIENCE-BASED UNDERSTANDING OF THE OCEAN. ALTASEA IS WORKING TOCONVENE AND SUPPORT THE WORLD'S BEST MARINE SCIENTISTS IN ASTATE-OF-THE ART URBAN OCEAN-BASED RESEARCH FACILITY, IN WHICH THEWORLD'S LEADING RESEARCHERS WILL ADVANCE UNDERSTANDING OF THE OCEAN ANDDEVELOP CREATIVE AND CROSS-DISCIPLINARY SOLUTIONS.CATALYZE THE CREATION OF RELEVANT NEW INDUSTRIES. ALTASEA IS WORKING TOESTABLISH A BUSINESS HUB WHICH WILL SUPPORT NEW AND EXISTING BUSINESSESTHAT COMMERCIALIZE SCIENTIFIC BREAKTHROUGHS AND EMERGING TECHNOLOGIESTO CREATE OCEAN-RELATED PRODUCTS AND SERVICES.PIONEER CUTTING-EDGE EDUCATION AND COMMUNICATIONS PROGRAMS. ALTASEA ISDEDICATED TO IGNITING ENGAGEMENT AND EXCITEMENT IN PERSONS OF ALL AGESAND BACKGROUNDS WITH PROGRAMS THAT COMMUNICATE ABOUT THE OCEAN AND ITSIMPORTANCE TO OUR LIVES. 955934 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ALTASEA 4242104320 222 WEST 6TH STREET SUITE 1010 SAN PEDRO CA 90731 DOANE LIU CHAIRMAN 1.00 X X 0 0 0 GERALDINE KNATZ VICE CHAIRMAN 1.00 X X 0 0 0 MARTIN H BLANK JR SECRETARY & TREASURER 1.00 X X 0 0 0 YEHUDI GAFFEN DIRECTOR 1.00 X 0 0 0 CYNTHIA HIRSCHHORN DIRECTOR 1.00 X 0 0 0 ERIC JOHNSON DIRECTOR 1.00 X 0 0 0 MONIQUE JOHNSON DIRECTOR 1.00 X 0 0 0 MICHAEL KELLY DIRECTOR 1.00 X 0 0 0 TIM MCOSKER CEO/DIRECTOR 60.00 X X 180000 0 16780 ALEX ROSE DIRECTOR 1.00 X 0 0 0 GREG THORPE DIRECTOR 1.00 X 0 0 0 CAMILLA TOWNSEND DIRECTOR 1.00 X 0 0 0 JENNY KRUSOE EXECUTIVE DIRECTOR 75.00 X 208000 0 8501 388000 0 25281 2 0 1 0 JUPITER B-11 LLC PACIFIC PLACE OFFICE L 222 W 6TH ST SUITE 310 SAN PEDRO CA 90731 RENT 136338 1 20000 5031771 6800 5051771 4313 4313 414922 14531 400391 400391 400391 4601 3230 1371 1371 CONSULTING SERVICES 900099 75500 75500 MEMBERSHIPS 900099 60 60 75560 5533406 75560 0 406075 74600 74600 388000 263280 29800 94920 267841 191881 8640 67320 20015 13891 1173 4951 41965 29124 2460 10381 45317 31451 2656 11210 35320 28256 7064 49960 49960 34167 15432 15477 3258 35766 30394 5372 18448 11734 5247 1467 4362 3490 436 436 208602 166882 20860 20860 29876 23900 2988 2988 36536 29228 3654 3654 DEVELOPMENT & CAMPAIGN 35679 9225 26454 EDUCATIONAL PROGRAMS 26366 26366 DONATED GOODS 6800 6800 1359620 955934 150415 253271 1653388 1500234 27546 27560 2309221 6138480 31394 53145 4807358 153839 4172475 4653519 8194024 12372938 432910 438257 37358 37358 470268 475615 X 4642003 5615437 3081753 6281886 7723756 11897323 8194024 12372938 4173786 -219 0 X 0 1 X 1 0 X 1293865 1281679 2634870 3114226 5051771 13376411 1293865 1281679 2634870 3114226 5051771 13376411 5355509 8020902 6316 1993 25773 183073 404704 621859 1000 1000 75560 75560 14074830 0.56990 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CONSULTING SERVICES - 2019 AMOUNT: $ 75,500. MEMBERSHIPS - 2019 AMOUNT: $ 60. SCHEDULE A, PART II, LINE 1 ON THE 2015 FORM 990, SCHEDULE A, PART II, LINE 1 (2014 COLUMN), ALTASEA REPORTED $22,188,437 OF CONTRIBUTIONS REVENUE RECEIVED DURING THE YEAR. DURING THE PREPARATION OF THE 2016 FORM 990, SCHEUDLE A, PART II, IT WAS DISCOVERED THAT $9,114,970 OF THE $22,188,437 HAD BEEN WRITTEN OFF AS UNCOLLECTIBLE. ACCORDINGLY, THE 2016 FORM 990 SCHEDULE A, PART II, LINE 1 (2014 COLUMN) HAS BEEN REVISED TO $13,073,467 TO ACCOUNT FOR THE PLEDGE WRITE-OFF. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 196238 196238 294357 49060 49060 73590 134904 41585 93319 109904 92065 17839 4562550 20189 4542361 4653519 DEFERRED RENT 37358 37358 X 5729650 -219 178702 178483 5551167 -17761 -17761 5533406 1556083 178702 17761 196463 1359620 0 1359620 PART X, LINE 2: ALTASEA FOLLOWS THE PROVISIONS OF FASB ASC 740, INCOME TAXES. ACCORDINGLY, 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. PART XI, LINE 2D-OTHER ADJUSTMENTS: AMOUNTS PRESENTED ON THE FINANCIALS ON THE FUNCTIONAL EXPENSE STATEMENT RENTAL EXPENSES: $14,531. SPECIAL EVENT DIRECT EXPENSES: $3,230. REPORTED ON STATEMENT OF REVENUE ON THE 990 PART XII, LINE 2D-OTHER ADJUSTMENTS: AMOUNTS PRESENTED ON THE FINANCIALS ON THE FUNCTIONAL EXPENSE STATEMENT RENTAL EXPENSES: $14,531. SPECIAL EVENT DIRECT EXPENSES: $3,230. REPORTED ON STATEMENT OF REVENUE ON THE 990 0 OCEAN EXPLORATION TRUST PO BOX 42 OLD LYME CT 06371 830488383 501(C)(3) 50000 FMV 2018-2019 STEM EDUCATION TEACHER-TRAINING PROGRAM LOS ANGELES MARITIME INSTITUTE BERTH 73 SUITE 2 SAN PEDRO CA 90731 330515416 501(C)(3) 24600 FMV LA WATERFRONT STEM NETWORK PROGRAM PART I, LINE 2: THE ORGANIZATION FOLLOWS BEST PRACTICES WITH ITS LIMITED GRANT PROGRAM. THE CHIEF SCIENTIFIC OFFICER WORKS WITH A VOLUNTEER ADVISORY GROUP, COMPRISED OF MEMBERS OF THE SOUTHERN CALIFORNIA MARINE INSTITUTE, TO VET PROPOSED PROJECTS. THEIR RECOMMENDATIONS FOR FUNDING ARE REVIEWED AND APPROVED BY THE BOARD. A FORMAL GRANT AGREEMENT IS NEGOTIATED THAT INCLUDES TIMELINES AND DELIVERABLES. REPORTS FROM THE GRANTS ARE REQUESTED EVERY SIX MONTHS. X X X X X X 0 0 0 0 0 0 0 0 0 TIM MCOSKER CEO/DIRECTOR 180000 0 0 0 0 0 0 0 16780 0 196780 0 0 0 JENNY KRUSOE EXECUTIVE DIRECTOR 208000 0 0 0 0 0 0 0 8501 0 216501 0 0 0 PART I, LINE 3 A COHORT STUDY AND AN INDEPENDENT COMPENSATION STUDY (FOR EXECUTIVE DIRECTOR ONLY) WAS DEVELOPED AND REVIEWED BY THE BOARD. THE BOARD REVIEWS ALL APPROVED COMPENSATION FOR KEY EXECUTIVES BASED ON THESE STUDIES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CEO, THE ED, 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 TRUSTEES ANNUALLY EXECUTE A CONFLICT OF INTEREST FORM, WHICH IS REVIEWED BY THE EXECUTIVE DIRECTOR AND LEGAL COUNSEL. TRUSTEES 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) WAS DEVELOPED AND REVIEWED BY THE BOARD OF TRUSTEES . THE BOARD OF TRUSTEES REVIEWS ALL APPROVED COMPENSATION FOR KEY EXECUTIVES BASED ON THESE STUDIES. EXECUTIVE COMPENSATION PAID BY THE ORGANIZATION IS APPROVED BY TRUSTEESWHO 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.