2025-11-11T17:42:02-06:00 2024-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2024-01-01 463977904 ALTASEA AT THE PORT OF LOS ANGELES ALTA 4242104320 2451 SIGNAL STREET SAN PEDRO CA 90731 TERRY TAMMINEN PRESIDENT 4242104320 2025-11-11 1 0 NANAZ BENYAMINI P00666808 3104773924 2025-11-11 2024 2025-03-06 01:10:19Z TERRY TAMMINEN 2451 SIGNAL STREET SAN PEDRO CA 90731 18511692 0 X WWW.ALTASEA.ORG X 2013 CA ACCELERATE SCIENTIFIC COLLABORATION, FACILITATE JOB CREATION FOR A MORE SUSTAINABLE OCEAN 19 15 45 12 13500 0 14194875 17036413 795773 974225 38820 6624 151824 273634 15181292 18290896 495370 300000 0 0 1823447 2319937 223415 225148 896989 1957690 3315894 4499922 6160979 10681370 12129917 35181899 41406960 10280710 4327208 24901189 37079752 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 2759166 300000 878829 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. 108000 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. 66222 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. 1493463 95396 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. 1493463 95396 4426851 1 1 0 1 0 0 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 1 0 0 1 0 0 0 0 0 0 0 0 1 46 0 1 45 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 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 CAROLYN HULL DIRECTOR 1.00 X 0 0 0 CYNTHIA HIRSCHORN DIRECTOR 1.00 X 0 0 0 DOANE LIU DIRECTOR 1.00 X 0 0 0 ERIC JOHNSON DIRECTOR 1.00 X 0 0 0 GERALDINE KNATZ DIRECTOR 1.00 X 0 0 0 GREGORY THORPE BOARD CHAIR/DIRECTOR 1.00 X 0 0 0 JOHN MOLINA DIRECTOR 1.00 X 0 0 0 MARTY BLANK DIRECTOR 1.00 X 0 0 0 MATT HORTON DIRECTOR 1.00 X 0 0 0 MONIQUE JOHNSON TREASURER/DIRECTOR 1.00 X 0 0 0 PATRICIA RAMOS SECRETARY/DIRECTOR 1.00 X 0 0 0 TARA ROTH DIRECTOR 1.00 X 0 0 0 WENTY NEU DIRECTOR 1.00 X 0 0 0 YEHUDI GAFFEN DIRECTOR 1.00 X 0 0 0 MELANIE LUNDQUIST DIRECTOR 1.00 X 0 0 0 SHARNELL BLEVINS DIRECTOR 1.00 X 0 0 0 JOHN MOLINA DIRECTOR 1.00 X 0 0 0 TERRY TAMMINEN PRESIDENT/CEO 40.00 X X 368957 0 1764 JENNY KRUSOE EVP/COO 40.00 X X 257851 0 8790 CHARMIAN HAUCK CFO (UNTIL 10/2024) 40.00 X 188765 0 7707 STEVE ROCHMAN INTERIM CFO (FROM 9/2024) 40.00 X 121800 0 0 937373 0 18261 4 0 1 0 SWINERTON BUILDERS 2001 CLAYTON RD 7TH FL CONCORD CA 94520 CONSTRUCTION 10991065 LUKE ROOFING INC 26081 MERIT CIRCLE 125 LAGUNA HILLS CA 92653 CONSTRUCTION 403507 IEM 2091 SALT AIR DR SANTA ANA CA 92653 CONSTR PROJ MANAGER 279145 M ARTHUR GENSLER JR & ASSOCIATES INC FILE 57109 LOS ANGELES CA 90074 CONSTR ARCHITECT 131728 GREENER PORT SOLUTIONS LLC 1860 OBISP AVE SUITE F SIGNAL HILL CA 90755 CONSULTING 124500 12 5070 204415 15406797 1420131 150807 17036413 PROGRAM RENTALS 531190 878829 878829 SERVICE CONTRACT FEES 900099 95396 95396 974225 5373 5373 273561 0 273561 273561 13500 260061 11487 10236 1251 1251 1251 210560 204415 210560 0 OTHER REVENUE 900099 73 73 73 18290896 974225 13500 266758 X 300000 300000 955633 568702 285994 100937 1092900 872133 57581 163186 35842 29589 801 5452 99577 75383 10278 13916 135985 101936 15355 18694 84050 36786 24338 22926 70583 70583 60000 60000 225148 225148 870153 529842 197854 142457 75147 12892 43244 19011 221379 167167 24676 29536 35397 15564 10962 8871 320797 242240 35757 42800 18737 14149 2088 2500 36592 27631 4079 4882 99921 96209 3712 560501 515556 44945 135105 101839 15107 18159 REPAIRS & MAINTENANCE 147489 111371 16440 19678 EQUIPMENT RENTALS 143852 143852 EDUCATIONAL SERVICES FO 142808 142808 EDUCATIONAL PROGRAMS 23767 23767 269616 237435 18290 13891 6160979 4426851 837139 896989 950 519330 3261895 279272 9855890 6624041 11250 5875 61296 24696 34933660 1004706 21990618 33928954 0 24792 35181899 41406960 6764044 656817 1201940 258500 2286192 3373426 28534 38465 10280710 4327208 X 14000847 32508591 10900342 4571161 24901189 37079752 35181899 41406960 X 12129917 48647 X 0 1 X 1 0 X 1783319 1892076 5246386 14194875 17036411 40153067 1783319 1892076 5246386 14194875 17036411 40153067 2241395 37911672 274331 429617 98167 184020 278934 1265069 41418136 2069938 0.91530 0.68170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 1 60000 60000 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. WE RETAIN THE SERVICES OF ECOEQUITY, A CALIFORNIA REGISTERED LOBBYIST, TO ASSIST WITH OUR STATE LEGISLATIVE INITIATIVES. 723504 285054 438450 33855483 588149 33267334 211216 131503 79713 143457 143457 33928954 TENANT SECURITY DEPOSIT 38465 38465 X 19925488 1274390 360202 1634592 18290896 0 18290896 7746922 1274390 311553 1585943 6160979 0 6160979 PART X, LINE 2: ALTASEA AT THE PORT OF LOS ANGELES 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. THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPROPRIATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TO DATE, THE ORGANIZATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 210,559. PRESENT VALUE DISCOUNT ON PLEDGES 149,643. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 210,559. PROVISION FOR CREDIT LOSSES 100,994. X 1 AUBRY & CO 9000 SUNSET BLVD 3RD FLOOR WEST HOLLYWOOD CA 90069 CONSULTING ON VIP FUNDRAISING STRATEGY AND OTHER ASPECTS 0 939765 120000 819765 KATHARINE DESHAW 531 N ROSSMORE AVE PH C LOS ANGELES CA 90004 CONSULTING ON VIP FUNDRAISING STRATEGY AND OTHER ASPECTS 0 0 105148 0 939765 225148 819765 CA BLUE HOUR 407975 199017 208958 24984 67153 31522 19032 66267 GRAND OPENING 7000 5398 1602 1480 58 64 414975 204415 210560 24984 68633 31580 19032 66331 210560 0 1 SANTA MONICA COMMUNITY COLLEGE 1900 PICO BLVD SANTA MONICA CA 90405 952767537 N/A 300000 0 TO FUND COSTS ASSOCIATED WITH ACHIEVING THE OBJECTIVES OF THE COMMUNITY PROJECT. 0 1 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". X X X X 0 0 0 0 0 0 0 0 0 TERRY TAMMINEN PRESIDENT/CEO 368957 0 0 0 0 0 0 0 1764 0 370721 0 0 0 JENNY KRUSOE EVP/COO 257851 0 0 0 0 0 7977 0 813 0 266641 0 0 0 CHARMIAN HAUCK CFO (UNTIL 10/2024) 188765 0 0 0 0 0 5705 0 2002 0 196472 0 0 0 JOHN MOLINA SEE PART V 320818 BOARD MEMBER JOHN MOLINA IS A PARTNER IN TWO COMPANIES THAT ARE SUBLEASE TENANTS OF ALTASEA. DURING 2024 THE RENTAL INCOME RECOGNIZED FOR BOTH COMPANIES TOTALED $320,818. 0 JOHN MOLINA SEE PART V 143852 BOARD MEMBER JOHN MOLINA IS A PARTNER IN TWO COMPANIES THAT ARE SUBLEASE TENANTS OF ALTASEA. DURING 2022, ALTASEA ENTERED INTO A LEASING ARRANGEMENT FOR A BARGE FROM ONE OF THE COMPANIES. THE LEASE IS RENEWED IN SIX MONTH INCREMENTS. DURING 2024 ALTASEA RECOGNIZED $143,852 IN PROGRAM EXPENSE. 0 MONIQUE JOHNSON SEE PART V 693000 AT DECEMBER 31, 2024, THE ORGANIZATION HAD AN OUTSTANDING LINE OF CREDIT BALANCE OF APPROXIMATELY $693,000 AT A BANK WHERE BOARD MEMBER MONIQUE JOHNSON IS A MEMBER OF MANAGEMENT. 0 X SUPPLIES 2 129797 X EVENT GIFTS 5 21010 0 0 0 PART I, COLUMN (B): THE 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 VARIOUS CONSULTING: PROGRAM SERVICE EXPENSES 529,842. MANAGEMENT AND GENERAL EXPENSES 197,854. FUNDRAISING EXPENSES 142,457. TOTAL EXPENSES 870,153. FORM 990, PART XI, LINE 9: PRESENT VALUE DISCOUNT ON PLEDGES 149,641. PROVISION FOR CREDIT LOSSES -100,994.