Altasea at the Port of Los Angeles
Altasea at the Port of Los Angeles reported $18.3 million in revenue and $6.2 million in expenses for calendar year 2024. Of every $100 it spent, $71.85 went to program services, $13.59 to management and general costs and $14.56 to fundraising. Its largest source of revenue was contributions and grants: 93.1% of the total. Government grants made up 84.2%. The highest compensation it reported for one person was $370,721 (PRESIDENT/CEO). 4 people received more than $100,000 in reportable compensation. Revenue rose 231% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $6.2MFor context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $18MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 71.9% | 83.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.6% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 14.6% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 93.1% | 51.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 84.2% | 3.2% |
| Program service revenue share Part VIII 2g ÷ 12 | 5.3% | 19.2% |
| Highest reported compensation Part VII-A, columns D–F | $370,721 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 6.02% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 4 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 72.2 | 14.7 |
| Independent voting board members Part VI 1a–1b | 15 of 19 | 94.3% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseBusiness: 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
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
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Director/trustee, officer, 40.00 hrs/week | $368,957 | $0 | $1,764 | $370,721 |
| EVP/COO Director/trustee, officer, 40.00 hrs/week | $257,851 | $0 | $8,790 | $266,641 |
| CFO (UNTIL 10/2024) Officer, 40.00 hrs/week | $188,765 | $0 | $7,707 | $196,472 |
| INTERIM CFO (FROM 9/2024) Officer, 40.00 hrs/week | $121,800 | $0 | $0 | $121,800 |
4 people received more than $100,000 in reportable compensation from Altasea at the Port of Los Angeles (Part VII, line 2). Compensation of current officers, directors and key employees totaled $956K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 545
- Volunteers Part I, line 612
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SWINERTON BUILDERS Construction | $10,991,065 |
| LUKE ROOFING INC Construction | $403,507 |
| IEM Constr proj manager | $279,145 |
| GREENER PORT SOLUTIONS LLC Consulting | $124,500 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
14 private foundations reported grants to Altasea at the Port of Los Angeles totaling $1.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Altasea at the Port of Los Angeles's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Altasea at the Port of Los Angeles, you can publish a response that is linked from this page.
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Of every $100 Altasea at the Port of Los Angeles spent in 2024, $71.85 went to programs. The full breakdown, from its IRS Form 990:
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All science & technology charities · Largest charities in California
Questions people ask
How much of Altasea at the Port of Los Angeles's spending goes to programs?
In calendar year 2024, Altasea at the Port of Los Angeles reported that 71.9% of its $6.2 million in expenses went to program services, 13.6% to management and general and 14.6% to fundraising (Form 990, Part IX).
How much does Altasea at the Port of Los Angeles pay its top executive?
The largest total compensation Altasea at the Port of Los Angeles reported for one person in calendar year 2024 was $370,721, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Altasea at the Port of Los Angeles get its money?
Of $18.3 million in revenue in calendar year 2024, 93.1% came from contributions and grants (including 84.2% from government grants) and 5.3% from program service revenue (Form 990, Part VIII).
Is Altasea at the Port of Los Angeles a registered charity?
The IRS lists EIN 46-3977904 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503159349306610 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443029349302374 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343189349318804 · read the filing
- 2021: Form 990 for calendar year 2021, object 202310279349301511 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102179349301040 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002279349301845 · read the filing
All filings for EIN 46-3977904: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.