2015-11-16T12:36:32-06:00 2014-12-31 453269313 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2014-10-16 463977904 ALTASEA AT THE PORT OF LOS ANGELES ALTA 4242104320 222 WEST 6TH STREET NO 1010 SAN PEDRO CA 90731 JENNY KRUSOE CFO/COO 4242104320 2015-11-13 1 BRIAN YACKER P00401346 3109822803 2014 2016-04-25 22:37:26Z X JENNY KRUSOE 222 WEST 6TH STREET NO 1010 SAN PEDRO CA 90731 22189660 0 X ALTASEA.ORG X 2013 CA GENERATING INNOVATIVE SOLUTIONS TO THE GLOBAL CHALLENGES OF SUSTAINABILITY. 4 4 11 4 0 0 22188437 0 1223 0 22189660 0 0 715131 5000 1451743 2274924 2995055 19194605 19419338 224733 19194605 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 721707 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. 721707 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 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 LEONARD AUBE PRESIDENT & DIRECTOR 4.00 X X 0 0 0 MARTIN H BLANK JR TREASURER & DIRECTOR 4.00 X X 0 0 0 CAMILLA TOWNSEND SECRETARY & DIRECTOR 4.00 X X 0 0 0 BRAD JONES DIRECTOR 4.00 X 0 0 0 RACHEL ETHERINGTON CEO 40.00 X 72942 0 1066 JENNY KRUSOE CFO/COO 40.00 X 50043 0 1542 122985 0 2608 0 0 0 0 SHEPPARD MULLEN RICHTER & HAMPTSON 333 S HOPE ST 43RD FLOOR LOS ANGELES CA 90071 LEGAL SERVICES 129057 1 22188437 700 22188437 1223 1223 22189660 0 0 1223 X 125593 47995 32519 45079 507487 154847 106813 245827 23861 7379 5195 11287 58190 18620 12802 26768 170513 10015 51089 109409 511174 511174 40862 4140 30771 5951 5000 5000 965455 250789 14505 700161 255742 127871 127871 47300 15135 10408 21757 22418 7174 4932 10312 37602 12033 8272 17297 29951 29951 7404 2369 1629 3406 6083 1947 1338 2798 EQUIPMENT 133900 42848 29458 61594 OTHER 27975 700 27275 EDUCATIONAL PROGRAMS 18545 18545 2995055 721707 821605 1451743 1499130 16708406 35754 1183452 7404 0 1176048 0 19419338 224733 0 224733 X 2496199 16698406 0 19194605 0 19419338 19194605 0 X 0 1 X 1 0 X 22188437 22188437 22188437 22188437 21533444 654993 1223 1223 22189660 X PART II, SHORT YEAR EXPLANATION: OPERATIONS STARTED OCTOBER 16, 2014. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1023822 1023822 101430 2301 99129 38011 3757 34254 20189 1346 18843 1176048 22189660 0 22189660 0 22189660 2995055 0 2995055 0 2995055 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. EXECUTIVE COMPENSATION REPORTED ON THIS FORM 990 REPRESENTS COMPENSATION FOR ONLY PART OF 2014, GIVEN THAT THE ORGANIZATION UTILIZED A FISCAL SPONSORSHIP ARRANGEMENT TO SUPPORT ITS OPERATIONS THROUGH OCTOBER 2014. 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 IX, LINE 11G PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 150,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150,000. DEVELOPMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 622,331. TOTAL EXPENSES 622,331. IT CONSULTANT: PROGRAM SERVICE EXPENSES 21,099. MANAGEMENT AND GENERAL EXPENSES 14,505. FUNDRAISING EXPENSES 30,330. TOTAL EXPENSES 65,934. GOVERNMENT RELATIONS CONSULTANT: PROGRAM SERVICE EXPENSES 47,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 47,500. TOTAL EXPENSES 95,000. OTHER: PROGRAM SERVICE EXPENSES 32,190. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,190.