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← ALTASEA AT THE PORT OF LOS ANGELES

Form 990 for tax year 2022

Filed by ALTASEA AT THE PORT OF LOS ANGELES.

Totals

Total revenue
$5,539,455
Total expenses
$3,410,096
Contributions and grants received
$5,246,386
Grants paid
$509,121
Program service revenue
$299,940
Investment income
$10,832
Other revenue
-$17,703
Total assets, end of year
$19,304,192
Total liabilities, end of year
$4,427,896
Net assets or fund balances, end of year
$14,876,296
Program services expenses (Part IX)
$2,161,604
Management and general expenses
$712,454
Fundraising expenses
$536,038
Program service expenses (Part III)
$2,161,604

Program services were 63.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $7,636

  • 1c · Fundraising events

    $238,143

  • 1e · Government grants (contributions)

    $1,963,851

  • 1f · All other contributions, gifts and grants

    $3,036,756

  • 1g · Noncash contributions included above

    $391,000

  • 2a · Program service revenue: PROGRAM RENTALS

    total $290,258 · related or exempt $290,258

  • 2b · Program service revenue: FEE FROM SERVICE

    total $9,682 · related or exempt $9,682

  • 3 · Investment income

    total $10,787 · excluded $10,787

  • 6a · Gross rents

    real property $87,335

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $87,335

  • 6d · Net rental income or loss

    total $87,335 · excluded $87,335

  • 7a · Gross sales of assets other than inventory

    securities $10,326

  • 7b · Less cost or other basis and sales expenses

    securities $10,281

  • 7c · Gain or loss

    securities $45

  • 7d · Net gain or loss

    total $45 · excluded $45

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $238,143

  • 8b · Fundraising events: direct expenses

    $105,038

  • 8c · Net income from fundraising events

    total -$105,038 · excluded -$105,038

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $509,121 · program services $509,121

  • 6 · Compensation of disqualified persons

    total $780,443 · program services $427,871 · management and general $248,674 · fundraising $103,898

  • 7 · Other salaries and wages

    total $544,368 · program services $298,445 · management and general $173,453 · fundraising $72,470

  • 8 · Pension plan contributions

    total $26,890 · program services $14,426 · management and general $8,762 · fundraising $3,702

  • 9 · Other employee benefits

    total $70,239 · program services $33,429 · management and general $27,413 · fundraising $9,397

  • 10 · Payroll taxes

    total $79,034 · program services $47,979 · management and general $19,606 · fundraising $11,449

  • 11b · Fees: legal

    total $96,865 · program services $35,000 · management and general $61,865

  • 11c · Fees: accounting

    total $44,660 · management and general $44,660

  • 11d · Fees: lobbying

    total $100,600 · fundraising $100,600

  • 11e · Fees: professional fundraising services

    total $90,537 · fundraising $90,537

  • 11g · Fees: other

    total $161,879 · program services $136,810 · management and general $23,469 · fundraising $1,600

  • 12 · Advertising and promotion

    total $199,952 · program services $165,658 · fundraising $34,294

  • 13 · Office expenses

    total $80,183 · program services $53,545 · management and general $24,251 · fundraising $2,387

  • 14 · Information technology

    total $27,548 · program services $7,342 · management and general $16,966 · fundraising $3,240

  • 16 · Occupancy

    total $182,060 · program services $171,657 · management and general $10,403

  • 17 · Travel

    total $5,263 · program services $2,312 · management and general $40 · fundraising $2,911

  • 19 · Conferences, conventions and meetings

    total $18,005 · program services $17,360 · management and general $645

  • 20 · Interest

    total $5,651 · program services $5,651

  • 22 · Depreciation, depletion and amortization

    total $98,852 · program services $84,947 · management and general $13,905

  • 23 · Insurance

    total $32,889 · program services $22,273 · management and general $9,603 · fundraising $1,013

  • 24a · Other expenses: DEVELOPMENT AND CAMPAIG

    total $124,933 · program services $45,182 · fundraising $79,751

  • 24b · Other expenses: REPAIR AND MAINTENANCE

    total $45,318 · program services $33,954 · management and general $11,364

  • 24c · Other expenses: EDUCATIONAL PROGRAMS

    total $28,803 · program services $28,803

  • 24d · Other expenses: HUMAN RESOURCES

    total $22,215 · program services $7,183 · management and general $13,529 · fundraising $1,503

  • 24e · All other expenses

    total $33,788 · program services $12,656 · management and general $3,846 · fundraising $17,286

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500 · end of year $554

  • 2 · Savings and temporary cash investments

    beginning of year $3,665,659 · end of year $4,249,422

  • 3 · Pledges and grants receivable

    beginning of year $4,518,523 · end of year $6,386,707

  • 4 · Accounts receivable

    end of year $273

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,000 · end of year $33,333

  • 10a · Land, buildings and equipment: cost or other basis

    $8,920,216

  • 10b · Land, buildings and equipment: accumulated depreciation

    $286,313

  • 10c · Land, buildings and equipment, net

    beginning of year $5,117,161 · end of year $8,633,903

  • 17 · Accounts payable and accrued expenses

    beginning of year $180,405 · end of year $500,466

  • 19 · Deferred revenue

    end of year $3,459,694

  • 24 · Unsecured notes and loans payable

    end of year $453,536

  • 25 · Other liabilities

    beginning of year $6,046 · end of year $14,200

  • 27 · Net assets without donor restrictions

    beginning of year $7,735,283 · end of year $9,445,615

  • 28 · Net assets with donor restrictions

    beginning of year $5,405,109 · end of year $5,430,681

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $674,486 · Grants $509,121 · Revenue $32,250

  • 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.

    Expenses $735,264 · Revenue $261,008

  • 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.

    Expenses $546,498 · Revenue $6,682

  • 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.

    Expenses $205,356

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Doane Liu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geraldine Knatz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Monique Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Martin H Blank Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yehudi Gaffen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Hirschhorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn M Hull

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Thorpe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Galanza Ramos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Tamminen

    PRESIDENT/CEO

    Total calculated
    $345,033
    From this org
    $342,326
    From related orgs
    $0
    Other
    $2,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,326
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,707
    Filer's total
    $345,033

  • Melanie Lundquist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jenny Krusoe

    EXECUTIVE DIRECTOR

    Total calculated
    $257,162
    From this org
    $248,803
    From related orgs
    $0
    Other
    $8,359
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,803
    Bonus
    $0
    Other
    $0
    Deferred
    $7,467
    Nontaxable benefits
    $892
    Filer's total
    $257,162

  • Charmian E Hauck

    CFO

    Total calculated
    $238,373
    From this org
    $183,051
    From related orgs
    $0
    Other
    $55,322
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,051
    Bonus
    $0
    Other
    $0
    Deferred
    $17,000
    Nontaxable benefits
    $38,322
    Filer's total
    $238,373

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ALTASEADS CONSERVANCY

    $509,121

    AIM TO DEVELOP, MAINTAIN AND CURATE SEED BANKS TO PROMOTE CONSOLIDATION OF RESOURCES AND KNOWLEDGE, ENABLE BREEDING IMPROVED NON-GMO KELP CROPS AND ESTABLISH CULTIVATION PRACTICES BY PREVENTING TRANSGENE FLOW TO NATURAL KELP BEDS.PROVIDE FISCAL SPONSORSHIP WHILE NOT-FOR-PROFIT ORGANIZATION WAS ESTABLISHING ITSELF.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349318804

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