Overview
What is Altasea At The Port Of Los Angeles?
Altasea at the Port of Los Angeles is a nonprofit organization situated in San Pedro, California. Its primary mission involves bringing together renowned marine scientists and engineers from over 30 leading universities, such as UCLA and USC, to conduct groundbreaking research. This research aims to address global challenges, including food and energy supply, climate change, and ocean exploration. The organization is committed to fostering scientific collaboration, promoting a burgeoning blue economy through business innovation and job creation, and inspiring the next generation. Altasea has a workforce of 18 individuals, striving towards a more sustainable, just, and equitable world.
Official website here: www.altasea.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
Altasea At The Port Of Los Angeles has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and transparency in its financial practices. With nearly perfect scores across various metrics, including a 100 in Leadership & Adaptability and 98 in Accountability & Finance, the organization demonstrates a commitment to best practices and effective governance. The board of directors comprises 91% independent members, which enhances the integrity of its operations.
The nonprofit excels in its program expense ratio at 66.70%, showing a significant portion of funds directed toward its initiatives, although this figure does reflect some room for improvement compared to other organizations. On the fundraising front, Altasea is highly efficient, with a fundraising efficiency ratio of $0.12, signaling that it raises funds effectively relative to its expenses. The organization also scores perfectly in the collection, usage, and feedback practices from its constituents, indicating strong community engagement and responsiveness.
While overall performance is commendable, the program expense ratio suggests that further optimization in resource allocation could enhance impact. However, the organization’s robust financial health, as evidenced by its low liabilities to assets ratio and strong working capital ratio, positions it well for future growth and sustainability. Overall, Altasea At The Port Of Los Angeles stands out as a model of effective nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Altasea At The Port Of Los Angeles legitimate?
Altasea At The Port Of Los Angeles is a legitimate nonprofit organization registered as a 501(c)(3) entity. Altasea At The Port Of Los Angeles submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $90,537
Other Salaries and Wages: $544,368
For more financial information, click here
Official website here: www.altasea.org
What is the mission statement of Altasea At The Port Of Los Angeles?
Altasea, a pioneering organization, is committed to fostering scientific collaboration, driving the growth of a sustainable blue economy, and inspiring the next generation. This is achieved through business innovation, job creation, and research in various fields such as food and energy supply, climate change, and ocean exploration. The organization attracts top marine scientists and engineers from leading universities worldwide, including UCLA, USC, Scripps Institution of Oceanography, Caltech's Jet Propulsion Laboratory, and the Southern California Marine Institute. Altasea's ultimate goal is to contribute to a more sustainable, just, and equitable world.
Official website here: www.altasea.org
Who is the CEO of Altasea At The Port Of Los Angeles?
Charmian Hauck is the Director of Altasea At The Port Of Los Angeles. The CEO's salary of Altasea At The Port Of Los Angeles is $342,326 and their total compensation is $345,033.
Official website here: www.altasea.org
What is the revenue of Altasea At The Port Of Los Angeles?
Altasea At The Port Of Los Angeles's revenue in 2022 was $5,539,455.
Official website here: www.altasea.org
Who are the executives of Altasea At The Port Of Los Angeles and what are their salaries?
The average compensation at Altasea At The Port Of Los Angeles during 2022 was $30,243. There are 18 employees and 30 volunteers at Altasea At The Port Of Los Angeles.
Here are 14 key members and their salaries (Altasea At The Port Of Los Angeles's CEO's salary is $342,326 and their total compensation is $345,033):
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- Compensation: $342,326
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- Other: $2,707
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- Compensation: $248,803
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- Other: $8,359
- Compensation: $183,051
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- Other: $55,322
Official website here: www.altasea.org
Where can I find the form 990 for Altasea At The Port Of Los Angeles?
Altasea At The Port Of Los Angeles's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.altasea.org
Learn more at the official website: www.altasea.org
Mission Statement of Altasea At The Port Of Los Angeles
Altasea, a renowned organization, is devoted to accelerating scientific collaboration and advancing the emerging blue economy. Its mission is twofold: firstly, it aims to stimulate business innovation and job creation in this sector, contributing to a more sustainable, just, and equitable world. Secondly, Altasea targets inspiring the next generation, fostering their interest in marine sciences and potential solutions to pressing challenges such as food and energy supply, climate change, and ocean exploration.
To achieve this mission, Altasea brings together some of the world's leading marine scientists and engineers from over 30 universities. These institutions include 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. By working together, these experts conduct groundbreaking research and discover innovative solutions to various marine-related issues. This collaborative approach not only contributes to scientific advancements but also prepares the next generation of marine scientists and engineers, ensuring a sustainable and equitable future.
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Impact
July, 2024
Altasea at the Port of Los Angeles is advancing scientific collaboration, fostering innovation in the emerging blue economy, and creating jobs to contribute to a more sustainable and equitable world. With a focus on conducting cutting-edge research in marine science and engineering, Altasea brings together top scientists and engineers from over 30 leading universities, including prestigious institutions such as UCLA, USC, and Caltech's Jet Propulsion Laboratory. Through its efforts, Altasea is tackling critical issues such as food and energy supply, climate change, and ocean exploration. By inspiring the next generation and driving business innovation, Altasea is making a significant impact in shaping a more sustainable future.
This information is meant to be a general summary of Altasea At The Port Of Los Angeles. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,832
- Program Service Revenue: $299,940
- Gross Receipts: $5,654,774
Assets and Liabilities:
- Total Assets: $19,304,192
- Total Liabilities: $4,427,896
- Net Assets: $14,876,296
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENTALS
Revenue
$290,258
FEE FROM SERVICE
Revenue
$9,682
Organization Details
Founding Year
2013
Phone
(424) 210-4320Principal Officer
Charmian Hauck
Main Address
2451 SIGNAL STREET, SAN PEDRO, CA, 90731
Website
www.altasea.orgNTEE Category
Code: U21 - Science research
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