Mission: GENERATING INNOVATIVE SOLUTIONS TO THE GLOBAL CHALLENGES OF SUSTAINABILITY.

Altasea at the Port of Los Angeles is a 501(c)(3) organization, with an IRS ruling year of 2014, and donations are tax-deductible.

Is this your nonprofit? Access the Nonprofit Portal to submit data and download your rating toolkit.


Contact Information

  altasea.org

 2456 South Signal Street
San Pedro CA 90731



...  ...  ...  ...  

Encompass Rating System by Charity Navigator


Overall Score

100

out of 100

This charity's score is a passing score.
This overall score is calculated from multiple beacon scores: 90% Finance & Accountability and 10% Leadership & Adaptability


Learn about the Encompass Rating System: Overview | FAQ | Release Notes

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...   Finance & Accountability


This score provides an assessment of a nonprofit's financial health (stability, efficiency and sustainability) and its commitment to governance practices and policies.


Finance & Accountability Score

100

out of 100

The score earned by Altasea at the Port of Los Angeles is a passing score

This V5 of the Finance & Accountability Score provides a baseline measure of an organization’s health including the indicators listed in the report below.

This score represents Form 990 data from 2019, the latest year published by the IRS.



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Finance & Accountability Report

100

of 100 points

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Program Expense

Program Expense Ratio

72.42%

Higher effect on score

More data  


The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s). This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver.


Program Expense Percentage

Amount of Credit Received

70% or higherFull Credit
60% - 69.9%Partial Credit
Below 50%Zero Points for Both Program Expense percentage AND Liabilities to Assets

Source: IRS Form 990

Board Composition

10/11 Independent

Higher effect on score


Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent (not salaried).


The presence of an independent governing body is strongly recommended by many industry professionals to allow for full deliberation and diversity of thinking on governance and other organizational matters.


Source: IRS Form 990

Independent Audit or Financial Review

Audited

Higher effect on score


An Audit, Review, or Compilation provides important information about financial accountability and accuracy. Organizations are scored based on their Total Revenue Amount:

Total Revenue Amount

Expectation to Receive Credit

$1 million or higherExpected to complete an audit
$500,000 - $1 millionExpected to complete an audit, review, or compilation
Less than $500,000No expectation (removed from scoring methodology)

Source: IRS Form 990

Liabilities to Assets Ratio

3.84%

Lower effect on score


The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). This ratio is an indicator of an organization’s solvency and/or long-term sustainability.

Liabilities to Assets Ratio

Amount of Credit Received

Less than 50%Full Credit
50% - 59.9%Partial Credit
60% or moreNo Credit

Source: IRS Form 990

Website

Listed

Lower effect on score


Charity Navigator looks for a website on the Form 990 as an accountability and transparency metric.


Nonprofits act in the public trust and reporting publicly on activities is an important component.


Source: IRS Form 990

Conflict of Interest Policy

Listed

Lower effect on score


Charity Navigator looks for the existence of a conflict of interest policy on the Form 990 as an accountability and transparency measure.


This policy protects the organization and by extension those it serves, when it is considering entering into a transaction that may benefit the private interest of an officer, director and/or key employee of the organization.


Source: IRS Form 990

Board Meeting Minutes

Documented

Lower effect on score


Charity Navigator looks to confirm on the Form 990 that the organization has this process in place as an accountability and transparency measure.


An official record of the events that take place during a board meeting ensures that a contemporaneous document exists for future reference.


Source: IRS Form 990

Document Retention and Destruction

Listed

Lower effect on score


Charity Navigator looks for the existence of a document retention and destruction policy per the Form 990 as an accountability and transparency measure.


This policy establishes guidelines for the handling, backing up, archiving and destruction of documents. These guidelines foster good record keeping procedures that promote data integrity.


Source: IRS Form 990

Whistleblower Policy

Listed

Lower effect on score


Charity Navigator looks for the existence of a whistleblower policy per the Form 990 as an accountability and transparency measure.


This policy outlines procedures for handling employee complaints, as well as a confidential way for employees to report financial or other types of mismanagement.


Source: IRS Form 990

Additional Information

Unscored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Total Revenue and Expenses

Total Revenue and Expenses

This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.

Salary of Key Persons

Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting



JENNY KRUSOE, EXECUTIVE DIRECTOR

$208,000


TIM MCOSKER, CEO/DIRECTOR

$180,000


DOANE LIU, CHAIRMAN

$0


GERALDINE KNATZ, VICE CHAIRMAN

$0


MARTIN H BLANK JR, SECRETARY & TREASURER

$0


Source: IRS Form 990 (page 7), filing year 2019

Business Master File Data

Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website


Activities:

Activity data not reported from the IRS


Foundation Status:

Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi) (BMF foundation code: 15)


Affiliation:

Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)

Data Sources: IRS Forms 990

The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).

Pandemic Response

Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them. Charities may submit their own pandemic responses through their nonprofit portal.


Altasea at the Port of Los Angeles reported being impacted by COVID-19 in the following ways:
  • Program Delivery

  • Fundraising Capacity

  • Revenue

  • Administrative Capacity

  • General operations (working from home)


How COVID-19 impacted the organization's operations financially:

Fundraising was made more difficult. We normally have robust and active outreach to prospective donors and other supporters including site tours. This had to be modified using Zoom which was effective but less personal. Also, all donors including foundations were rethinking their giving in reaction to the pandemic.


How COVID-19 impacted the organization's delivery of programs:

We offer in-person STEM education for K-12 students including fieldtrips. This had to be drastically reimagined. We offered online resources to help parents and online educators. We also provided online education programs working with LAUSD.


How this organization adapted to changing conditions caused by COVID-19:

We became a virtual office during the pandemic by necessity. This had ripple effects to our operations. For example, we now have two staff meetings via Zoom and a "Coffee Chat" also on Zoom every week. We speak to each other much more frequently by phone. In order to continue operating outside the office we moved almost all of our files and records to a cloud server. Overall, we relied much more heavily on technology.


Innovations the organization intends to continue permanently after the pandemic:

We created webinars and live chat programs on Zoom during the pandemic that featured leaders in ocean science and STEM. These were highly successful and, while we intend to move back to in-person programming as conditions improve, we also plan to continue with these online events. They extend our geographic reach for participants and speakers.


...   Impact & Results


This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.


Impact & Results Score

Not Currently Scored

Altasea at the Port of Los Angeles cannot currently be evaluated by our Encompass Rating Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.

Learn more about Impact & Results.

Do you work at Altasea at the Port of Los Angeles? Join the waitlist for an updated Impact & Results score.


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Additional Information

Unscored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Largest Programs

Largest Programs



Altasea at the Port of Los Angeles reported its largest program on its FY 2019 Form 990 as:


$955,934

Spent in most recent FY

100%

Percent of program expenses


EXPAND SCIENCE-BASED UNDERSTANDING OF THE OCEAN. ALTASEA IS WORKING TOCONVENE AND SUPPORT THE WORLD'S BEST MARINE SCIENTISTS IN ASTATE-OF-THE ART URBAN OCEAN-BASED RESEARCH FACILITY, IN WHICH THEWORLD ... (More)


...   Leadership & Adaptability


This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.


Leadership & Adaptability Score

100

out of 100

The score earned by Altasea at the Port of Los Angeles is a passing score.

Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.


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Leadership & Adaptability Report

100

of 100 points

Mission

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s 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.


Source: Nonprofit submitted responses

Vision

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.


We will turn to the ocean to develop solutions for some of the planet’s most pressing challenges, such as climate change, energy supply and global food security – and prepare today’s generation of students for future jobs in science, technology, engineering, business and the ocean.


Source: Nonprofit submitted responses

Strategic Goals

The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.


Goal One: Complete installation of a solar energy array atop our 180,000 square foot ocean research and development facility.

Goal Type: Invest in the capacity of our organization (financial, management, technical, etc.).


Goal Two: Expand STEM education programs with a continued focus on increasing access to STEM education and preparation for in-demand STEM careers among minoritized populations.

Goal Type: Grow, expand, scale or increase access to the existing programs and services.


Goal Three: Complete renovation of the Center of Innovation that will house clusters in sustainable aquaculture, offshore renewable energy, and underwater robotics.

Goal Type: This goal reflects our commitment to further our advocacy work for our organization and or cause area.


Source: Nonprofit submitted responses

Leadership Development

The nonprofit provides evidence of investment in leadership development


Describe an investment in leadership

Staff and leadership including board members participated in a three-day workshop on social equity on a personal and company-wide level. Additionally, we completed a 360-degree review of leadership through an anonymous survey and follow-up discussions which led to several changes to policy and management practices.

Source: Nonprofit submitted responses

Mobilizing for Mission

The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.


This organization mobilizes for mission in the following ways:
  • Strategic Partnerships

  • Networks of Collective Impact Efforts

  • Thought Leadership

  • Raising Awareness

  • Community Building

  • Policy Advocacy

What are this organization’s external mobilizaton efforts?

Partnerships are part of AltaSea's core strategy and we have formed many alliances with like-minded non-profit organizations as well as business ventures. We regularly participate in conferences and also host thought leaders at our site and online. In addition, we recently partnered with the LAEDC to produce an analysis of the growing Blue Economy in Los Angeles County. Every quarter, we hold open house events where the public is invited to learn about issues related to our mission. We rely heavily on our marketing and social media to push out or message and have also joined forces with a number of organizations such as the UN Decade of Ocean Science for Sustainable Development to amplify and support our common goals.

Source: Nonprofit submitted responses

Story of Adaptability

The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.


In the face of the COVID-19 epidemic, AltaSea had to make many changes to adapt to developing conditions while continuing to serve our constituents and pursue our mission. Perhaps the most exciting change was the creation of Project Blue education programs. Initially conceived as an online response to the need for remote learning that would keep students safe, Project Blue has quickly grown into one of our most important educational resources for students, parents and teachers. Through Project Blue programs, and in conjunction with our collaborative partners, we provide a strong knowledge base in ocean science topics through virtual education experiences, including in-school classes, workshops, internships, and other learning resources available through our dedicated Project Blue website. Project Blue has proven a valuable asset and will continue to be an important part of our educational programming. Another successful adaptation is the creation of our Live Chat and Webinar series. Once or twice a month, we offer Zoom discussions featuring thought-leaders in ocean and STEM fields. These highly popular events were intended to fill the space left by our pre-pandemic Open House events. Open House programs took place at our site and became impossible. Given the positive reaction to the Webinar and Live Chat format, we intend to use this as an additional way to reach and inform the public. In terms of operations, AltaSea made the decision to shift to a virtual office environment. This response to the pandemic turned out to be highly effective and even increase our efficiency. After several months, leaderships made the decision to adopt this virtual work arrangement into our post-pandemic plans. We have now moved our office space to our project site and staff continues to work in a partially virtual manner. This has helped all of us to make advancements in managing the site and has also reduced our overhead expenses.

Source: Nonprofit submitted responses

...   Culture & Community


This score provides an assessment of the organization's engagement with the constituents it serves, a practice we term Constituent Feedback. When organizations listen to constituents, they are able to better deliver on programs and meet the needs of stakeholders. A future version of this Beacon will also assess an organization's people operations and its Diversity, Equity and Inclusion (DEI) metrics.


Culture & Community Score

Not Currently Scored

Altasea at the Port of Los Angeles is currently not eligible for a Culture & Community score because we have not received its Constituent Feedback data. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile. This data will provide the basis for the initial evaluation of Culture & Community.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.


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Culture & Community Report

Unscored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Constituent Feedback

Constituent Feedback


Constituent Feedback and Listening Practice data are not available for this organization. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile. This data will provide the basis for the initial evaluation of Culture & Community.


Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective. We award every nonprofit that completes the Candid survey full credit for this Beacon, in recognition of their willingness to publicly share this information with the nonprofit and philanthropic communities. Although the data is not evaluated for quality at this time, future iterations of this Beacon will include third party or other data that will serve to validate the information provided by the nonprofit.

Analysis and Research


Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Our partnership with Feedback Labs and Guidestar by Candid, and other partners including Fund for Shared Insight, GlobalGiving, and Keystone Accountability, enables us to launch the first version of this beacon with Constituent Feedback information collected on Candid's site.


Feedback practices have been shown to support better Diversity, Equity, and Inclusion outcomes, an essential area of assessment that we intend to further expand and develop in the future. Feedback Labs has documented several studies which indicate that beyond achieving organizational goals, nonprofits that are attentive and responsive to concerns and ideas raised by beneficiaries establish stronger relationships with the people they serve, promote greater equity, and empower constituents in ways that can help to ensure better long-term outcomes. You can find resources to help nonprofits improve their feedback practices here.

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