2018-08-03T13:25:58-05:00 2017-12-31 453269313 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2017-01-01 463977904 ALTASEA AT THE PORT OF LOS ANGELES ALTA 4242104320 222 WEST 6TH STREET NO 1010 SAN PEDRO CA 90731 TIM MCOSKER CEO 4242104320 2018-07-26 1 BRIAN YACKER P00401346 3109822803 2017 2022-09-23 18:48:47Z TIM MCOSKER 222 WEST 6TH STREET NO 1010 SAN PEDRO CA 90731 2670413 0 X ALTASEA.ORG X 2013 CA GENERATING INNOVATIVE SOLUTIONS TO THE GLOBAL CHALLENGES OF SUSTAINABILITY. 5 5 6 6 0 0 1281679 2634870 0 0 1878 1595 1000 20257 1284557 2656722 215317 70000 0 0 752269 616128 0 7311 231782 1065646 929172 2033232 1622611 -748675 1034111 5290114 6480380 193705 349860 5096409 6130520 TO BRING TOGETHER SCIENCE, BUSINESS AND EDUCATION TO GENERATE INNOVATIVE SOLUTIONS TO THE GLOBAL CHALLENGES OF SUSTAINABILITY. ALTASEA WORKS TO DEMONSTRATE HOW THE OCEAN IS INTEGRAL TO THE WELL-BEING OF HUMANKIND AND THE HEALTH OF THE EARTH. 0 0 1212375 70000 EXPAND SCIENCE-BASED UNDERSTANDING OF THE OCEAN. ALTASEA IS WORKING TO CONVENE AND SUPPORT THE WORLD'S BEST MARINE SCIENTISTS IN A STATE-OF-THE ART URBAN OCEAN-BASED RESEARCH FACILITY, IN WHICH THE WORLD'S LEADING RESEARCHERS WILL ADVANCE UNDERSTANDING OF THE OCEAN AND DEVELOP CREATIVE AND CROSS-DISCIPLINARY SOLUTIONS. CATALYZE THE CREATION OF RELEVANT NEW INDUSTRIES. ALTASEA IS WORKING TO ESTABLISH A BUSINESS HUB WHICH WILL SUPPORT NEW AND EXISTING BUSINESSES THAT COMMERCIALIZE SCIENTIFIC BREAKTHROUGHS AND EMERGING TECHNOLOGIES TO CREATE OCEAN-RELATED PRODUCTS AND SERVICES. PIONEER CUTTING-EDGE EDUCATION AND COMMUNICATIONS PROGRAMS. ALTASEA IS DEDICATED TO IGNITING ENGAGEMENT AND EXCITEMENT IN PERSONS OF ALL AGES AND BACKGROUNDS WITH PROGRAMS THAT COMMUNICATE ABOUT THE OCEAN AND ITS IMPORTANCE TO OUR LIVES. 1212375 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 5 5 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 CAMILLA TOWNSEND CHAIRMAN 1.00 X X 0 0 0 DOANE LIU VICE CHAIRMAN 1.00 X X 0 0 0 MARTIN H BLANK JR SECRETARY & TREASURER 1.00 X X 0 0 0 ROBERTA MARINELLI DIRECTOR 1.00 X 0 0 0 MATTHEW C BERNSTEIN DIRECTOR (THROUGH 9/1/17) 1.00 X 0 0 0 YEHUDI GAFFEN DIRECTOR 1.00 X 0 0 0 JENNY KRUSOE EXECUTIVE DIRECTOR 75.00 X 215585 0 8472 215585 0 8472 1 0 1 0 SANDRA WHITEHOUSE OCEAN WONKS LLC 175 CARROLL AVE NEWPORT RI 02840 SCIENTIFIC STRATEGY CONSULTANT 210000 1 10000 2624870 33878 2634870 1667 1667 24106 3849 20257 20257 20257 9770 9842 -72 -72 -72 2656722 0 0 21852 X 70000 70000 224057 147877 22406 53774 317868 212887 32307 72674 8929 5981 908 2040 26323 17539 2660 6124 38951 25934 3933 9084 1571 786 314 471 110419 77293 33126 38040 38040 7311 7311 293111 256139 9770 27202 85965 73070 12895 31472 24268 3147 4057 4342 3474 434 434 203343 162675 20334 20334 268 214 27 27 32178 19307 3218 9653 52972 42378 5297 5297 PROGRAM EXPENSES 67900 67900 BANK FEES 2128 2128 HOSPITALITY 2123 1699 212 212 EQUIPMENT 1658 1326 166 166 1682 1628 27 27 1622611 1212375 178454 231782 1796515 2009779 415000 809160 57824 80619 3669807 88985 3020775 3580822 5290114 6480380 193705 349860 193705 349860 X 4681409 4347216 415000 1783304 5096409 6130520 5290114 6480380 1034111 0 X X 0 1 X 1 0 X 13073467 1293865 1281679 2634870 18283881 13073467 1293865 1281679 2634870 18283881 14436651 3847230 1223 6316 1993 25773 35305 1000 1000 18320186 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, SCHEDULE 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 0 0 0 1212375 1212375 196238 49060 0 0 196238 196238 294357 49060 49060 73590 133809 23666 110143 109904 51860 58044 3426094 13459 3412635 3580822 X 3016795 356224 356224 2660571 -3849 -3849 2656722 1982684 356224 3849 360073 1622611 0 1622611 PART X, LINE 2: ALTASEA IS EXEMPT FROM FEDERAL TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CORRESPONDING CALIFORNIA PROVISIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -3,849. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 3,849. 1 OCEAN EXPLORATION TRUST INC 613 WILLIAMS ST NEW LONDON CT 06320 830488383 501(C)(3) 40000 STEM WORKSHOPS CATALINA SEA RANCH LLC BERTH 58 SIGNAL STREET SAN PEDRO CA 90731 461442383 15000 STEM WORKSHOPS LOS ANGELES MARITIME INSTITUTE BERTH 73 SUITE 2 SAN PEDRO CA 90731 330515416 501(C)(3) 15000 STEM WORKSHOPS 2 1 PART I, LINE 2: ALTASEA 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 GRANTEES ARE REQUIRED EVERY SIX MONTHS. X X X X X X 0 0 0 0 0 0 0 0 0 JENNY KRUSOE EXECUTIVE DIRECTOR 215585 0 0 0 0 0 6240 0 2232 0 224057 0 0 0 X CLASSROOM TRAILERS 1 32468 FMV X CHAIRS 1 1235 FMV X HARDWARE 1 175 FMV 0 1 0 PART I, COLUMN (B): REPRESENTS NUMBER OF CONTRIBUTIONS 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. THE BOARD REVIEWS ALL APPROVED COMPENSATION FOR KEY EXECUTIVE BASED ON THESE STUDIES. NO BOARD MEMBER IS COMPENSATED. 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 REQUEST. FORM 990, PART IX, LINE 11G PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 30,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,000. DEVELOPMENT: PROGRAM SERVICE EXPENSES 21,827. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 9,852. TOTAL EXPENSES 31,679. IT CONSULTANT: PROGRAM SERVICE EXPENSES 3,808. MANAGEMENT AND GENERAL EXPENSES 2,539. FUNDRAISING EXPENSES 6,347. TOTAL EXPENSES 12,694. PAYROLL FEES: PROGRAM SERVICE EXPENSES 2,099. MANAGEMENT AND GENERAL EXPENSES 318. FUNDRAISING EXPENSES 735. TOTAL EXPENSES 3,152. RESEARCH CONSULTANT: PROGRAM SERVICE EXPENSES 180,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 180,000. RETIREMENT PLAN MGMT FEES: PROGRAM SERVICE EXPENSES 1,632. MANAGEMENT AND GENERAL EXPENSES 204. FUNDRAISING EXPENSES 204. TOTAL EXPENSES 2,040. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 16,773. MANAGEMENT AND GENERAL EXPENSES 6,709. FUNDRAISING EXPENSES 10,064. TOTAL EXPENSES 33,546. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.