Altasea At The Port Of Los Angeles
- Assets
- $13.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 9
- Location
- San Pedro, CA
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3977904
Organization Overview
Altasea At The Port Of Los Angeles is located in San Pedro, CA. The organization was established in 2014. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Altasea At The Port Of Los Angeles employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altasea At The Port Of Los Angeles is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Altasea At The Port Of Los Angeles generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Altasea At The Port Of Los Angeles has awarded 16 individual grants totaling $472,629. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, ADVANCING THE UNDERSTANDING OF THE OCEAN & DEVELOPING CREATIVE & CROSS-DISCIPLINARY SOLUTIONS TO CLIMATE CHANGE. CATALYZE THE CREATION OF RELEVANT NEW INDUSTRIES. ALTASEA IS WORKING TO ESTABLISH A BUSINESS HUB WHICH WILL SUPPORT NEW & EXISTING BUSINESSES THAT COMMERCIALIZE SCIENTIFIC BREAKTHROUGHS & EMERGING TECHNOLOGIES TO CREATE OCEAN-REALTED JOBS, PRODUCTS & SERVICES. PIONEER CUTTING-EDGE EDCUATION & COMMUNICATIONS PROGRAM'S. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Krusoe Executive Director | Officer | 60 | $191,919 |
Tim Mcosker Ceo/director | OfficerTrustee | 40 | $64,933 |
Doane Liu Chairman | OfficerTrustee | 1 | $0 |
Geraldine Knatz Vice Chairman | OfficerTrustee | 1 | $0 |
Monique Johnson Treasurer And Secretary | OfficerTrustee | 1 | $0 |
Martin H Blank Jr Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gafcon Inc Capital Program Phase 1 Design | 12/30/20 | $162,526 |
222 W 6th St Llc Facilities Rental | 12/30/20 | $162,217 |
Kpff Consulting Engineers Capital Program Phase 1 Design | 12/30/20 | $114,572 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,250 |
| Related organizations | $0 |
| Government grants | $267,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,623,339 |
| Noncash contributions included in lines 1a–1f | $214,163 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,892,076 |
| Total Program Service Revenue | $0 |
| Investment income | $3,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $338,830 |
| Net Gain/Loss on Asset Sales | $489 |
| Net Income from Fundraising Events | $78,734 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,313,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $280,699 |
| Compensation of current officers, directors, key employees. | $21,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $323,496 |
| Pension plan accruals and contributions | $16,225 |
| Other employee benefits | $25,306 |
| Payroll taxes | $44,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,000 |
| Fees for services: Accounting | $47,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,891 |
| Advertising and promotion | $174,238 |
| Office expenses | $49,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $171,862 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,546 |
| Insurance | $40,086 |
| All other expenses | $0 |
| Total functional expenses | $1,688,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $3,665,659 |
| Pledges and grants receivable | $4,518,523 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,000 |
| Net Land, buildings, and equipment | $5,117,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,326,843 |
| Accounts payable and accrued expenses | $180,405 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,046 |
| Total liabilities | $186,451 |
| Net assets without donor restrictions | $7,735,283 |
| Net assets with donor restrictions | $5,405,109 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,326,843 |
Grants Awarded
Over the last fiscal year, Altasea At The Port Of Los Angeles has awarded $74,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New London, CT PURPOSE: 2018-2019 STEM EDUCATION TEACHER-TRAINING PROGRAM | $50,000 |
San Pedro, CA PURPOSE: LA WATERFRONT STEM NETWORK PROGRAM | $24,600 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Altasea At The Port Of Los Angeles has recieved totaling $1,021,740.
| Awarding Organization | Amount |
|---|---|
Rosalinde And Arthur Gilbert Foundation Los Angeles, CA PURPOSE: UNIVERSITIES & SPECIAL PROJECTS | $200,000 |
Rosalinde And Arthur Gilbert Foundation Los Angeles, CA PURPOSE: UNIVERSITIES & SPECIAL PROJECTS | $200,000 |
Kenneth T And Eileen L Norris Foundation Long Beach, CA PURPOSE: PROJECT BLUE4 YEAR PLEDGE | $100,000 |
Rosalinde And Arthur Gilbert Foundation Los Angeles, CA PURPOSE: UNIVERSITIES & SPECIAL PROJECTS | $100,000 |
Ecmc Foundation Minneapolis, MN PURPOSE: Career Readiness | $75,000 |
Henry L Guenther Foundation Seal Beach, CA PURPOSE: STUDENTS WILL LEARN HOW CULTIVATING KELP, SEAWEED, AND SHELLFISH IS USED IN BIOPHARMA, BIOFUELS, REPLACEMENTS FOR PETROLEUM PLASTICS AND FOR CATTLE FEED REDUCING HARMFUL METHANE GAS. FIELD TRIPS TO ALTASEA WILL PROVIDE STUDENTS THE OPPORTUNITY TO "JOB SHADOWSEE CAREERS AVAILABLE IN AQUAFARMING: BOAT PILOTS, HUSBANDRY MANAGERS, LAB TECHNICIANS, AND RESEARCH SCIENTISTS. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theiss Research La Jolla, CA | $1,142,512 | $2,838,989 |
Altasea At The Port Of Los Angeles San Pedro, CA | $13,326,843 | $2,313,467 |
Sylvia Earle Alliance Mission Blue Napa, CA | $2,340,872 | $1,830,629 |
Marine Science Institute Redwood City, CA | $3,001,123 | $1,755,713 |
Marine Applied Research And Exploration Richmond, CA | $1,137,478 | $1,582,492 |
Oceanic Society Expeditions Ross, CA | $1,543,344 | $1,070,677 |
Climate Foundation Carson City, NV | $2,970,996 | $1,167,133 |
Rv Pilar Inc San Diego, CA | $1,347,535 | $0 |
Algalita Marine Research And Education Long Beach, CA | $558,525 | $426,453 |
Medical Foundation For The Stdy Of The Envir & Hum Bdy Char Tr 060789 Kailua, HI | $3,073,806 | $271,975 |
Marine Life Studies Monterey, CA | $302,023 | $222,959 |
California Ocean Alliance Aptos, CA | $294,095 | $351,707 |