2019-09-20T12:53:07-05:00 2018-12-31 954091474 ROSSI LLP 400 OCEANGATE SUITE 1000 LONG BEACH CA 90802 990 2018-01-01 463977904 ALTASEA AT THE PORT OF LOS ANGELES ALTA 4242404320 222 WEST 6TH STREET SAN PEDRO CA 90731 TIM MCOSKER CEO CEO 4242404320 2019-08-12 1 ALBERT ROSSI CPA P00132331 5624953325 108.47.112.27 2019-08-12 14:36:09 PD P 9401C6511CD4126CB38F9189402513D87F80772B E4933A263A5A1188F2D9CA50407FCF7CEDB38B9B 2018 2019-02-21 02:37:17Z TIM MCOSKER 222 WEST 6TH STREET SAN PEDRO CA 90731 3312759 0 X ALTASEA.ORG X 2013 CA GENERATING INNOVATIVE SOLUTIONS TO THE GLOBAL CHALLENGES OF SUSTAINABILITY. 13 12 10 14 0 4044 2634870 3114226 0 0 1595 1491 20257 158975 2656722 3274692 70000 21638 0 0 616128 739746 7311 0 280586 929172 920072 1622611 1681456 1034111 1593236 6480380 8194024 349860 470268 6130520 7723756 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 1209142 21638 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. 1209142 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 10 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 1 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 ROBERTA MARINELLI PHD DIRECTOR 1.00 X 0 0 0 TIM MCOSKER CEO/DIRECTOR 40.00 X 145709 0 8887 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 207915 0 6033 353624 0 14920 2 0 1 0 SANDRA WHITEHOUSEOCEAN WORKS LLC 175 CARROLL AVE NEWPORT RI 02840 SCIENTIFIC STRATEGY CONSULTANT 105000 1 150000 2964226 3114226 1491 1491 181582 16134 165448 165448 165448 15460 21933 -6473 -6473 3274692 0 0 160466 X 21638 21638 353624 239220 28077 86327 285654 198832 19155 67667 12958 8949 859 3150 39669 27396 2631 9642 47841 33039 3173 11629 89075 71260 17815 47345 47345 191525 164384 22987 4154 98757 83943 14814 32883 18014 12618 2251 4216 3372 422 422 276593 221275 27659 27659 7167 7167 34978 27982 3498 3498 54886 43908 5489 5489 DEVELOPMENT & CAMPAIGN 64030 20146 43884 EDUCATIONAL PROGRAMS 18600 18600 HOSPITALITY 17 17 1681456 1209142 191728 280586 1653388 2009779 27546 809160 2309221 80619 31394 4296439 123964 3580822 4172475 6480380 8194024 349860 432910 0 37358 349860 470268 X 4347216 4642003 1783304 3081753 6130520 7723756 6480380 8194024 1593236 0 X 0 1 X 1 0 X 13073467 1293865 1281679 2634870 3114226 21398107 13073467 1293865 1281679 2634870 3114226 21398107 21398107 1223 6316 1993 25773 183073 218378 1000 1000 3146048 3146048 24763533 X 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. 196238 196238 294357 49060 49060 73590 134904 32626 102278 109904 73841 36063 4051631 17497 4034134 4172475 DEFERRED RENT 37358 37358 X 3663970 351211 351211 3312759 -38067 -38067 3274692 2070734 351211 38067 389278 1681456 0 1681456 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 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE SPECIAL EVENT DIRECT EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE SPECIAL EVENT DIRECT EXPENSES PART XI, LINE 2D-OTHER ADJUSTMENTS: AMOUNTS PRESENTED ON THE FINANCIALS ON THE FUNCTIONAL EXPENSE STATEMENT RENTAL EXPENSES: $16,134. SPECIAL EVENT DIRECT EXPENSES: $21,933. 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: $16,134. SPECIAL EVENT DIRECT EXPENSES: $21,933. REPORTED ON STATEMENT OF REVENUE ON THE 990 SPECIAL EVENT 15460 15460 12459 400 9074 15460 15460 12459 400 9074 21933 -6473 0 SWIMPAC INC 13333 HUNTINGTON TRAIL ROUND ROCK TX 78664 752902752 FOR PROFIT CORPORATI 17138 SUPPORT FOR THE LONGEST SWIM BRAID THEORY INC 2456 SIGNAL ST SAN PEDRO CA 90731 813371018 501(C)(3) 4500 MANAGEMENT SERVICES FOR IGNITE22 A BLUE ECONOMY CONFERENCE 1 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 145709 0 0 0 0 0 0 1125 0 7762 145709 8887 0 0 JENNY KRUSOE EXECUTIVE DIRECTOR 207915 0 0 0 0 0 3120 0 2913 0 213948 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 A, LINE 4 THE ORGANIZATION CHANGED ITS BYLAWS: THE AUTHORIZED NUMBER OF TRUSTEES OF THE CORPORATION SHALL BE A MINIMUM OF ONE AND A MAXIMUM OF FIFTEEN. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT BEFORE BEING PRESENTED TO THE TREASURER. THE TREASURER HAS BEEN DELEGATED THE AUTHORITY BY THE BOARD TO REVIEW IN DETAIL AND APPROVE THE ORGANIZATION'S ANNUAL FORM 990. THE FINAL FORM 990 IS DISTRIBUTED TO THE FULL BOARD IN ADVANCE OF FILING WITH THE INTERNAL REVENUE SERVICE. 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 TRUSTEES 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 PLANNING CONSULTANTS - RESEARCH: PROGRAM SERVICE EXPENSES 125,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125,000. INFORMATION TECHNOLOGY CONSULTANT: PROGRAM SERVICE EXPENSES 6,926. MANAGEMENT AND GENERAL EXPENSES 2,770. FUNDRAISING EXPENSES 4,154. TOTAL EXPENSES 13,850. PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,740. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,740. OPERATIONS CONSULTANT: PROGRAM SERVICE EXPENSES 32,458. MANAGEMENT AND GENERAL EXPENSES 17,477. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,935.