2017-10-16T10:40:10-05:00 2016-12-31 453269313 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2016-01-01 463977904 ALTASEA AT THE PORT OF LOS ANGELES ALTA 4242104320 222 WEST 6TH STREET NO 1010 SAN PEDRO CA 90731 JENNY KRUSOE EXECUTIVE DIRECTOR 4242104320 2017-10-09 1 BRIAN YACKER P00401346 3109822803 38.98.172.90 2017-10-09 13:17:22 PD P C61CEAB06A4B4AB7BCDD2B3DC186AC7DD0FE9D35 C61CEAB06A4B4AB7BCDD2B3DC186AC7DD0FE9D35 2016 2021-01-29 14:40:06Z JENNY KRUSOE 222 WEST 6TH STREET NO 1010 SAN PEDRO CA 90731 1293149 0 X ALTASEA.ORG X 2013 CA GENERATING INNOVATIVE SOLUTIONS TO THE GLOBAL CHALLENGES OF SUSTAINABILITY. 4 4 11 4 0 0 1293865 1281679 0 0 6316 1878 0 1000 1300181 1284557 93377 215317 0 0 1486610 752269 446612 0 255645 2710337 1065646 4736936 2033232 -3436755 -748675 6591053 5290114 744791 193705 5846262 5096409 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 1596264 215317 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. 1596264 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 0 0 0 0 0 0 0 0 0 1 24 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 4 4 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 INTERIM CHAIRMAN & TREASURER 3.00 X X 0 0 0 MARTIN H BLANK JR SECRETARY 2.00 X X 0 0 0 ROBERTA MARINELLI DIRECTOR 2.00 X 0 0 0 MATTHEW C BERNSTEIN DIRECTOR 1.00 X 0 0 0 JENNY KRUSOE EXECUTIVE DIRECTOR 65.00 X 250875 0 8922 250875 0 8922 1 0 1 0 SANDRA WHITEHOUSE 175 CARROLL AVE NEWPORT RI 02840 SCIENTIFIC STRATEGY CONSULTANT 174704 JUPITER B-11 LLCPACIFIC PLACE 222 W 6TH STREET SUITE 370 SAN PEDRO CA 90731 OFFICE RENT 148385 2 250000 1031679 1281679 1993 1993 8477 8592 -115 -115 -115 MISCELLANEOUS INCOME 900099 1000 1000 1000 1284557 0 0 2878 X 215317 215317 259797 171677 26026 62094 404373 282387 43843 78143 40973 28012 4310 8651 47126 32218 4958 9950 17948 8974 3590 5384 92908 65013 27895 41293 2266 38327 700 75 75 136549 110943 2473 23133 212383 180525 31858 15744 11705 1575 2464 3909 3127 391 391 194102 155282 19410 19410 162 130 16 16 24702 14821 2470 7411 50659 40527 5066 5066 PROGRAM EXPENSES 265481 265481 TAXES 4982 3986 498 498 HOSPITALITY 2218 1774 222 222 BANK FEES 1285 1028 128 129 1246 996 125 125 2033232 1596264 181323 255645 1163935 1796515 2397097 415000 59346 57824 3077582 56807 2970675 3020775 6591053 5290114 744791 193705 744791 193705 X 5776262 4681409 70000 415000 5846262 5096409 6591053 5290114 -748675 -1178 0 X X 0 1 X 1 0 X 13073467 1293865 1281679 15649011 13073467 1293865 1281679 15649011 13329076 2319935 1223 6316 1993 9532 1000 1000 15659543 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 0 0 0 0 0 1 75 75 0 101430 15825 85605 69511 31561 37950 2906641 9421 2897220 3020775 X 1309625 -1178 26246 25068 1284557 0 1284557 2059478 26246 26246 2033232 0 2033232 PART X, LINE 2: ALTASEA IS EXEMPT FROM FEDERAL TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CORRESPONDING CALIFORNIA PROVISIONS. 1 OCEAN EXPLORATION TRUST 613 WILLIAMS ST NEW LONDON CT 06320 830488383 501(C)(3) 100000 EDUCATION PARTNER AND DOCKING OF E/V NAUTILUS UNIVERSITY OF SOUTHERN CALIFORNIA 3616 TROUSDALE PARKWAY LOS ANGELES CA 90089 951642394 501(C)(3) 50000 WATER QUALITY AND HARMFUL ALGAL BLOOM MONITORING STATION CAL STATE UNIVERSITY LONG BEACH RESEARCH FOUNDATION 6300 STATE UNIVERSITY DRIVE SUITE 332 LONG BEACH CA 90815 956106694 501(C)(3) 40317 SUPPORT RESEARCH IN CONNECTION WITH MONITORING MOVEMENTS OF LARGE MARINE PREDATORS USING A COAST-WIDE ACOUSTIC TELEMETRY NETWORK AND THE DEVELOPMENT OF NEW SMART TAG TECHNOLOGY. LOS ANGELES MARITIME INSTITUTE BERTH 73 SUITE 2 SAN PEDRO CA 90731 330515416 501(C)(3) 12500 STUDENT OCEAN SCIENTIST PROGRAM AND SUPPORT REEF CHECK FOUNDATION 13723 FIJI WAY B-2 MARINA DEL REY CA 90292 954858649 501(C)(3) 12500 STUDENT OCEAN SCIENTIST PROGRAM 5 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 225875 0 25000 0 0 0 6776 0 2146 0 259797 0 0 0 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 DEPUTY 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 61,318. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61,318. DEVELOPMENT: PROGRAM SERVICE EXPENSES 38,373. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 16,445. TOTAL EXPENSES 54,818. IT CONSULTANT: PROGRAM SERVICE EXPENSES 3,354. MANAGEMENT AND GENERAL EXPENSES 2,236. FUNDRAISING EXPENSES 5,591. TOTAL EXPENSES 11,181. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 5,893. MANAGEMENT AND GENERAL EXPENSES 237. FUNDRAISING EXPENSES 237. TOTAL EXPENSES 6,367. GRANT WRITER: PROGRAM SERVICE EXPENSES 2,005. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 860. TOTAL EXPENSES 2,865. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.