ALTASEA AT THE PORT OF LOS ANGELES: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- ALTASEA AT THE PORT OF LOS ANGELES (EIN 46-3977904)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-10-25
- IRS object ID
- 201642999349300139
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-10-25T16:33:50-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 453269313 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YH ADVISORS INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7755 CENTER AVENUE SUITE 1225 | AddressLine1Txt |
| City | HUNTINGTON BEACH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92647 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463977904 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALTASEA AT THE PORT OF LOS ANGELES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ALTA | BusinessNameControlTxt |
| Phone | 4242104320 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 WEST 6TH STREET NO 1010 | AddressLine1Txt |
| City | SAN PEDRO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90731 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JENNY KRUSOE | PersonNm |
| Person Title | CFO/COO/EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 4242104320 | PhoneNum |
| Signature | 2016-10-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN YACKER | PreparerPersonNm |
| PTIN | P00401346 | PTIN |
| Phone | 3109822803 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JENNY KRUSOE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 WEST 6TH STREET NO 1010 | AddressLine1Txt |
| City | SAN PEDRO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90731 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,300,181 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | ALTASEA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2013 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | GENERATING INNOVATIVE SOLUTIONS TO THE GLOBAL CHALLENGES OF SUSTAINABILITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 16 | TotalEmployeeCnt |
| Total Volunteers | 3 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $22,188,437 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,293,865 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,223 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,316 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $22,189,660 | PYTotalRevenueAmt |
| CY Total Revenue | $1,300,181 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $93,377 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $715,131 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,486,610 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $5,000 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $446,612 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,640,580 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,274,924 | PYOtherExpensesAmt |
| CY Other Expenses | $2,710,337 | CYOtherExpensesAmt |
| PY Total Expenses | $2,995,055 | PYTotalExpensesAmt |
| CY Total Expenses | $4,736,936 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $19,194,605 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,436,755 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $19,419,338 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,591,053 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $224,733 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $744,791 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,194,605 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $5,846,262 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,769,950 | ExpenseAmt |
| Grant | $93,377 | GrantAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $2,769,950 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 27 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 16 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALTASEA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4242104320 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 WEST 6TH STREET SUITE 1010 | AddressLine1Txt |
| City | SAN PEDRO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90731 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|
| MARTIN H BLANK JR | |||||||
| SECRETARY & DIRECTOR | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CAMILLA TOWNSEND | |||||||
| TREASURER & DIRECTOR | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SAMUEL NAPPI | |||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| JENNY KRUSOE | |||||||
| CFO/COO/EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $271,067 | $0 | $16,235 | ||
| RACHEL ETHERINGTON | |||||||
| CEO | 40.00 | Yes (X) | $253,644 | $0 | $2,643 | ||
| KATE KERR | |||||||
| DEVELOPMENT DIRECTOR | 40.00 | $229,774 | $0 | $8,392 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $754,485 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $27,270 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| M ARTHUR GENSLER JR & ASSOCIATES | |||||
| FILE 57109 | LOS ANGELES | CA | 900747109 | ARCHITECTS | $2,272,653 |
| J BEN BOURGEOIS PRODUCTIONS | |||||
| 512 NORTH LARCHMONT BLVD | LOS ANGELES | CA | 90004 | EVENT PRODUCTION | $737,817 |
| SHEPPARD MULLEN RICHTER & HAMPTON | |||||
| 3333 SOUTH HOPE STREET 43RD FLOOR | LOS ANGELES | CA | 90071 | LEGAL | $376,635 |
| DLA PIPER | |||||
| 500 8TH STREET NW | WASHINGTON | CA | 20004 | GOVERNMENT FUNDING ADVISORS | $316,174 |
| FREEMAN GROUP | |||||
| 3029 WILSHIRE BLVD SUITE 202 | SANTA MONICA | CA | 90403 | PROJECT MANAGER | $309,932 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,293,865 | AllOtherContributionsAmt |
| Total Contributions | $1,293,865 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,316 | TotalRevenueColumnAmt |
| Exclusion | $6,316 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,300,181 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,316 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,377 | TotalAmt |
| Program Services | $93,377 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $781,755 | TotalAmt |
| Program Services | $414,841 | ProgramServicesAmt |
| Management And General | $65,361 | ManagementAndGeneralAmt |
| Fundraising | $301,553 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $578,860 | TotalAmt |
| Program Services | $360,195 | ProgramServicesAmt |
| Management And General | $67,474 | ManagementAndGeneralAmt |
| Fundraising | $151,191 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,236 | TotalAmt |
| Program Services | $24,241 | ProgramServicesAmt |
| Management And General | $4,097 | ManagementAndGeneralAmt |
| Fundraising | $12,898 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,759 | TotalAmt |
| Program Services | $48,326 | ProgramServicesAmt |
| Management And General | $8,279 | ManagementAndGeneralAmt |
| Fundraising | $28,154 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,941 | TotalAmt |
| Program Services | $70,932 | ProgramServicesAmt |
| Management And General | $28,136 | ManagementAndGeneralAmt |
| Fundraising | $75,873 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $155,406 | TotalAmt |
| Program Services | $108,784 | ProgramServicesAmt |
| Management And General | $46,622 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,882 | TotalAmt |
| Program Services | $2,084 | ProgramServicesAmt |
| Management And General | $66,584 | ManagementAndGeneralAmt |
| Fundraising | $1,214 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $446,612 | TotalAmt |
| Fundraising | $446,612 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $570,978 | TotalAmt |
| Program Services | $467,880 | ProgramServicesAmt |
| Management And General | $4,906 | ManagementAndGeneralAmt |
| Fundraising | $98,192 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $477,566 | TotalAmt |
| Program Services | $334,296 | ProgramServicesAmt |
| Fundraising | $143,270 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,057 | TotalAmt |
| Program Services | $19,643 | ProgramServicesAmt |
| Management And General | $2,804 | ManagementAndGeneralAmt |
| Fundraising | $5,610 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,849 | TotalAmt |
| Program Services | $20,894 | ProgramServicesAmt |
| Management And General | $2,985 | ManagementAndGeneralAmt |
| Fundraising | $5,970 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $169,659 | TotalAmt |
| Program Services | $118,761 | ProgramServicesAmt |
| Management And General | $16,966 | ManagementAndGeneralAmt |
| Fundraising | $33,932 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,586 | TotalAmt |
| Program Services | $1,110 | ProgramServicesAmt |
| Management And General | $159 | ManagementAndGeneralAmt |
| Fundraising | $317 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,702 | TotalAmt |
| Program Services | $14,821 | ProgramServicesAmt |
| Management And General | $2,470 | ManagementAndGeneralAmt |
| Fundraising | $7,411 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,186 | TotalAmt |
| Program Services | $49,130 | ProgramServicesAmt |
| Management And General | $7,019 | ManagementAndGeneralAmt |
| Fundraising | $14,037 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| COMMUNITY OUTREACH | $773,144 | $463,886 | $309,258 | |
| PROGRAM EXPENSES | $138,941 | $138,941 | ||
| EQUIPMENT | $15,161 | $10,613 | $3,032 | $1,516 |
| MISCELLANEOUS | $5,590 | $3,913 | $1,118 | $559 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,689 | TotalAmt |
| Program Services | $3,282 | ProgramServicesAmt |
| Management And General | $469 | ManagementAndGeneralAmt |
| Fundraising | $938 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,736,936 | TotalAmt |
| Program Services | $2,769,950 | ProgramServicesAmt |
| Management And General | $326,406 | ManagementAndGeneralAmt |
| Fundraising | $1,640,580 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,499,130 | BOYAmt |
| EOY | $1,163,935 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,708,406 | BOYAmt |
| EOY | $2,397,097 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,754 | BOYAmt |
| EOY | $59,346 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,002,781 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $32,106 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,176,048 | BOYAmt |
| EOY | $2,970,675 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,419,338 | BOYAmt |
| EOY | $6,591,053 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,733 | BOYAmt |
| EOY | $744,791 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,733 | BOYAmt |
| EOY | $744,791 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,496,199 | BOYAmt |
| EOY | $5,776,262 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,698,406 | BOYAmt |
| EOY | $70,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,194,605 | BOYAmt |
| EOY | $5,846,262 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,419,338 | BOYAmt |
| EOY | $6,591,053 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,436,755 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$9,911,588 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $22,188,437 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,293,865 | CurrentTaxYearAmt |
| Total | $23,482,302 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $22,188,437 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,293,865 | CurrentTaxYearAmt |
| Total | $23,482,302 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $22,287,440 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,194,862 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $1,223 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,316 | CurrentTaxYearAmt |
| Total | $7,539 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $23,489,841 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $31,617 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $31,617 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,811,651 | OtherCostOrOtherBasisAmt |
| Book Value | $2,811,651 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $101,430 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,063 | DepreciationAmt |
| Book Value | $92,367 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $69,511 | OtherCostOrOtherBasisAmt |
| Depreciation | $17,659 | DepreciationAmt |
| Book Value | $51,852 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,189 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,384 | DepreciationAmt |
| Book Value | $14,805 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,970,675 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | -$8,611,407 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$9,911,588 | OtherRevenueAmt |
| Revenue Not Reported | -$9,911,588 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,300,181 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,300,181 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,736,936 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,736,936 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,736,936 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART XI, LINE 2D - OTHER ADJUSTMENTS: | FormAndLineReferenceDesc |
| Explanation | WRITE OFF OF UNCOLLECTIBLE PLEDGE RECEIVABLE -9,114,970. IMPAIRMENT LOSS ON CONSTRUCTION IN PROGRESS -796,618. | ExplanationTxt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| KATHERINE DESHAW PHILANTHROPIC CONSULTING | ||||||||
| 531 NORTH ROSSMORE AVE PHC | LOS ANGELES | CA | 90004 | FUNDRAISING | 0 | $0 | $15,000 | $0 |
| PHILLIPS & ASSOCIATES INC | ||||||||
| 1308 COMSTOCK AVENUE | LOS ANGELES | CA | 90025 | FUNDRAISING | 0 | $0 | $48,094 | $0 |
| DLA PIPER LLP US | ||||||||
| 500 8TH STREET NW | WASHINGTON | DC | 20004 | FUNDRAISING | 0 | $0 | $316,174 | $0 |
| URBAN DESIGN CENTER | ||||||||
| 1100 SOUTH HOPE STREET SUITE 103 | LOS ANGELES | CA | 90015 | GRANT WRITER | 0 | $0 | $19,955 | $0 |
| WIDE SKY CONSULTING INC | ||||||||
| 14558 OSTEGO STREET | SHERMAN OAKS | CA | 91403 | GRANT WRITER | 0 | $0 | $20,312 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $419,535 | TotalRetainedByContractorsAmt |
| Licensed States | CA | LicensedStatesCd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| CAL STATE UNIVERSITY LONG BEACH RESEARCH FOUNDATION | ||||||||
| 6300 STATE UNIVERSITY DRIVE SUITE | 332 | LONG BEACH | CA | 90815 | 956106694 | 501(C)(3) | $10,077 | 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) | $41,097 | STUDENT SCIENTIST PROGRAM AND SUPPORT | |
| REEF CHECK FOUNDATION | ||||||||
| 13723 FIJI WAY B-2 | MARINA DEL REY | CA | 90292 | 954858649 | 501(C)(3) | $12,500 | STUDENT SCIENTIST PROGRAM | |
| FRIENDS OF CABRILLO MARINE AQUARIUM | ||||||||
| 3720 STEPHEN M WHITE DRIVE | SAN PEDRO | CA | 90731 | 330585381 | 501(C)(3) | $27,400 | SUPPORT | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JENNY KRUSOE | ||||||||||||||
| CFO/COO/EXECUTIVE DIRECTOR | $271,067 | $0 | $0 | $0 | $0 | $0 | $8,245 | $0 | $7,990 | $0 | $287,302 | $0 | $0 | $0 |
| RACHEL ETHERINGTON | ||||||||||||||
| CEO | $253,644 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2,643 | $0 | $256,287 | $0 | $0 | $0 |
| KATE KERR | ||||||||||||||
| DEVELOPMENT DIRECTOR | $229,774 | $0 | $0 | $0 | $0 | $0 | $3,438 | $0 | $4,954 | $0 | $238,166 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4A | FormAndLineReferenceDesc |
| Explanation | RACHEL ETHERINGTON $135,417 KATE KERR $47,500 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | 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 OPERATIONS COMMITTEE OF THE BOARD. THE OPERATIONS COMMITTEE 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 CFO/COO 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 CEO ONLY) WAS DEVELOPED AND REVIEWED BY THE BOARD. THE BOARD REVIEWS ALL APPROVED COMPENSATION FOR KEY EXECUTIVES 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. THE TOP FINANCIAL EMPLOYEE'S SALARY WAS BASED ON A COHORT ANALYSIS OF OTHER ORGANIZATIONS AND THE CENTER OF NONPROFIT MANAGEMENT'S SALARY REPORT. THE BOARD OF DIRECTORS AND THE CEO APPROVE THESE AMOUNTS. |
| 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 VII, SECTION A, LINES 4-6: | IN MAY OF 2015 THE BOARD REVAMPED THE ORGANIZATIONAL STRUCTURE OF ALTASEA. BY THE END OF 2015, THE CEO-LED STRUCTURE OF 14 STAFF MEMBERS WAS DOWNSIZED TO AN EXECUTIVE DIRECTOR-LED TEAM OF SEVEN. THE CEO'S CONTRACT WAS NOT RENEWED. IN MAY OF 2015 ADDITIONAL STAFF REDUCTIONS OCCURRED UNTIL THE END OF FIRST QUARTER OF 2016. THE EXECUTIVE DIRECTOR HAS ABSORBED THE DUTIES OF THE DEVELOPMENT DIRECTOR. |
| FORM 990, PART IX, LINE 11G | PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 309,805. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 309,805. DEVELOPMENT: PROGRAM SERVICE EXPENSES 50,140. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 50,140. TOTAL EXPENSES 100,280. IT CONSULTANT: PROGRAM SERVICE EXPENSES 20,592. MANAGEMENT AND GENERAL EXPENSES 3,528. FUNDRAISING EXPENSES 11,997. TOTAL EXPENSES 36,117. GOVERNMENT RELATIONS CONSULTANT: PROGRAM SERVICE EXPENSES 77,700. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 33,300. TOTAL EXPENSES 111,000. OTHER : PROGRAM SERVICE EXPENSES 9,643. MANAGEMENT AND GENERAL EXPENSES 1,378. FUNDRAISING EXPENSES 2,755. TOTAL EXPENSES 13,776. |
| FORM 990, PART IX, LINE 25, COLUMN (D): | ALTASEA'S MAIN GOAL IS TO RAISE $150 MILLION BY 2022 TO BUILD PHASE 1 OF THE 35-ACRE OCEAN INNOVATION CAMPUS AT THE PORT OF LOS ANGELES. CAPITAL PROGRAMS TRADITIONALLY REQUIRE A HIGHER PERCENTAGE OF EXPENSES IN OPERATIONS DUE TO THE PLANNING AND PERMITTING REQUIREMENTS. THE BEST PRACTICE PERCENTAGE USED FOR FUNDRAISING EXPENSES FOR A LARGE CAPITAL CAMPAIGN IS 5% OF THE GOAL. THEREFORE, ALTASEA PROJECTS TO SPEND $7.5 MILLION OVER THE LENGTH OF THE PHASE 1 CAMPAIGN (8 YEARS) - AN AVERAGE OF $937,500 A YEAR. THIS ALLOCATION WILL INCLUDE STAFF TIME. |
| FORM 990, PART IX, LINES 11-24: | ALTASEA IS DEDICATED TO SOLVING THE BIGGEST PROBLEMS FACING OUR OCEAN THROUGH A COLLECTIVE APPROACH THAT BRINGS TOGETHER LEADERS IN SCIENCE, BUSINESS, AND EDUCATION. WE ARE IN THE EARLY STAGES OF CONSTRUCTING AN AWARD-WINNING, ENVIRONMENTALLY SUSTAINABLE CAMPUS FROM THE UNDERUTILIZED AND CURRENTLY OBSOLETE CARGO WAREHOUSE FACILITIES AT HISTORIC CITY DOCK NO. 1 IN THE PORT OF LOS ANGELES, SAN PEDRO, CA. THE ALTASEA CAMPUS WILL SERVE AS THE NEW HOME FOR THE SOUTHERN CALIFORNIA MARINE INSTITUTE (SCMI) AND AS A COLLABORATIVE HUB FOR WATER-DEPENDENT RESEARCHERS, BUSINESSES, AND ENTREPRENEURS. ALTASEA'S INNOVATIVE MODEL OF COLLABORATION IS BASED ON A TRADITIONAL MULTI-TENANT NONPROFIT STRUCTURE. OUR TENANTS WILL BE THE MAIN PROGRAM DELIVERERS; ALTASEA'S ROLE IS TO CENTRALIZE AND THEREFORE REDUCE THEIR OPERATING AND FUNDRAISING ACTIVITIES. THIS MODEL INCREASES THE PERCENTAGE OF OPERATING COSTS FOR ALTASEA. IN ADDITION, AT THIS EARLY STAGE IN DEVELOPMENT, PLANNING COSTS ARE ADDING TO THIS UNUSUALLY HIGH OPERATIONS EXPENSES. 2015 EXPENDITURES HAVE MADE ALTASEA'S 35-ACRE SITE DEVELOPMENT-READY FOR THE CREATION OF AN INSTITUTE FOR INNOVATION IN THE MARINE SCIENCES AND SUSTAINABLE OCEAN BASED BUSINESSES. WE HAVE SECURED THE ENVIRONMENTAL AND ENTITLEMENT APPROVALS NECESSARY TO DEVELOP ALTASEA INTO A MAJOR MARINE SCIENCE AND BUSINESS INNOVATION FACILITY. IN ADDITION, ALTASEA HAS EXECUTED PLANNING MEMORANDUMS OF UNDERSTANDING WITH 14 PARTNERS. THE PARTNERSHIPS WITH OUR LANDLORD, THE PORT OF LOS ANGELES, ALSO HAS REQUIRED HIGHER THAN TRADITIONAL MANAGEMENT AND LEGAL EXPENSES. |
| FORM 990, PART XI, LINE 9: | IMPAIRMENT LOSS -796,618. UNCOLLECTIBLE PLEDGE -9,114,970. |
Comments