2024-11-15T17:52:10-06:00 2023-12-31 450250958 EIDE BAILLY LLP 21515 HAWTHORNE BLVD STE 1250 TORRANCE CA 905036583 990 2023-01-01 882044353 ALTASEADS CONSERVANCY ALTA 4243827644 2451 SIGNAL ST SAN PEDRO CA 90731 NINA NOUJDINA CFO 4243827644 2024-11-15 1 1 TIMOTHY D PETTIT CPA P00393206 3105405990 2024-11-15 2023 2024-10-15 13:58:12Z KELP ARK - THE GLOBAL MACROALGAE SEE NINA NOUJDINA 2451 SIGNAL ST SAN PEDRO CA 90731 1431402 0 X HTTPS://KELPARK.ORG/ X 2022 CA WE ARE DEVELOPING, MAINTAINING AND CURATING SEED BANKS TO HELP NATURAL OCEAN KELP BEDS. 10 8 3 11 0 0 509121 1431392 0 0 1 10 0 0 509122 1431402 0 0 0 0 10825 136947 0 0 36272 113335 162826 124160 299773 384962 1131629 384962 1305212 0 78942 384962 1226270 WE ARE DEVELOPING, MAINTAINING AND CURATING SEED BANKS TO PRESERVE GENETIC DIVERSITY OF KELPS, SUPPORT SELECTION THAT WOULD SUSTAIN RAISING OCEAN TEMPERATURE AND OCIDIFICATION AND PROMOTE RESTORATION OF KELP BEDS. 0 0 170475 SEEDBANK: WE CONTINUED BUILDING OUR GROUNDS, INCLUDING COMPLETION OF OFFICE AND LAB SPACE, CONTINUED BUILDING RECIRCULATING AQUACULTURE SYSTEM (RAS), WHILE HIRING COLLECTION CURATOR, AND UTILIZING THE PILOT AQUACULTURE SYSTEM OF OUR PARTNER, USC-ALTASEA SEAWEED LAB. WE ALSO STARTED WORKING WITH THE CA DEPARTMENT OF FISH AND WILDLIFE TO COMPLY WITH THE STATE REGULATIONS. 42797 OUTREACH AND EDUCATION: TO DEVELOP A CURRICULUM AND TEACH THROUGH AN AQUACULTURE MENTORSHIP PROGRAM. AN 8 WEEKS CLASS DESIGNED FOR HIGH SCHOOL STUDENTS INTERESTED IN AQUACULTURE, MARINE SCIENCE AND MARINE BIOLOGY. THE CLASS CONTAINED BOTH THEORETICAL AND EXPERIMENTAL COMPONENTS. OUR OUTREACH PROGRAM IS FOCUSED ON SPREADING GENERAL KNOWLEDGE OF THE OCEAN ECOLOGY AND THE IMPORTANCE OF SEAWEED AS A KEY ELEMENT OF HABITAT FOR NUMEROUS SPECIES, AS FEED AND FOOD, SOURCE OF ENERGY, AND OTHER USES. 213272 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X NINA NOUIDINA 4242546318 2451 SIGNAL STREET SAN PEDRO CA 90731 NINA NOUIDINA CFOO/SECRETARY 20.00 X X 40000 0 0 SERGUEI NOUJDINE PRESIDENT 8.00 X X 20000 0 0 ERIC BISHOP VON WETTBERG DIRECTOR 1.00 X 0 0 0 CHARLES YARISH DIRECTOR 1.00 X 600 0 0 REGINA WETZER DIRECTOR 1.00 X 0 0 0 NICK HAJEK DIRECTOR 1.00 X 0 0 0 KRISH DORAISWAMY DIRECTOR 1.00 X 7402 0 0 MARC VON KEITZ DIRECTOR 1.00 X 0 0 0 KEVIN GAINES DIRECTOR 1.00 X 0 0 0 NANCY CARUSO DIRECTOR 1.00 X 0 0 0 68002 0 0 0 0 0 0 AQUANEERING INC 7960 STROMESA CT SAN DIEGO CA 92126 AQUACULTURE SERVICE 189937 1 1431392 54152 1431392 10 10 1431402 0 0 10 X 60000 16000 28000 16000 56250 54750 1500 2350 1995 300 55 7000 6813 187 11347 6906 2733 1708 967 532 242 193 14539 11751 1394 1394 2274 182 46 2046 16723 7463 7202 2058 43207 32405 4321 6481 6414 3335 2758 321 2456 1842 246 368 9452 7581 1295 576 IN-KIND EXPENSES GOOD 54152 51444 2708 REPAIR AND MAINTENANCE 9261 9261 MEALS AND ENTERTAINMENT 2696 809 1348 539 HOSPITALITY 363 109 181 73 322 94 163 65 299773 213272 50229 36272 384962 925725 11885 299646 2456 0 297190 70412 384962 1305212 1406 0 77536 0 78942 X 384962 954858 271412 384962 1226270 384962 1305212 X 1131629 -290321 0 X X 0 1 X 1 0 X 124160 1431392 1555552 124160 1431392 1555552 1555552 10 10 1555562 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 299646 2456 297190 297190 LEASE LIABILITITES 77536 77536 X 1431402 0 1431402 0 1431402 299773 0 299773 0 299773 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS BY RECORDING A LIABILITY FOR UNRECOGNIZED TAX BENEFITS RESULTING FROM UNCERTAIN TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS TAX RETURNS. THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPROPRIATE TAXING AUTHORITIES. THE ORGANIZATION DOES NOT BELIEVE THAT ITS INCOME TAX RETURNS INCLUDE ANY UNCERTAIN TAX POSITIONS AND ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ACCORDANCE WITH APPLICABLE GUIDANCE, THE ORGANIZATION HAS ELECTED TO INCLUDE INTEREST AND PENALTIES RELATED TO ITS TAX CONTINGENCIES IN INCOME TAX EXPENSE. THERE WERE NO ACCRUALS FOR INTEREST AND PENALTIES RECOGNIZED FOR UNCERTAIN TAX POSITIONS DURING THE YEAR ENDED DECEMBER 31, 2023. X FIXTURES 177 54152 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE NUMBERS IN COLUMN (B) DENOTE THE QUANTITY OF ITEMS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY, BY A MAJORITY VOTE OF DIRECTORS, DESIGNATE TWO (2) OR MORE OF ITS MEMBERS (WHO MAY ALSO BE SERVING AS OFFICERS OF THIS CORPORATION) TO CONSTITUTE AN EXECUTIVE COMMITTEE AND DELEGATE TO SUCH COMMITTEE ANY OF THE POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION, EXCEPT WITH RESPECT TO: (A) THE FILLING OF VACANCIES ON THE BOARD OR ON ANY COMMITTEE THAT HAS THE AUTHORITY OF THE BOARD. (B) THE FIXING OF COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ON ANY COMMITTEE. (C) THE AMENDMENT OR REPEAL OF BYLAWS OR THE ADOPTION OF NEW BYLAWS. (D) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEALABLE. (E) THE APPOINTMENT OF COMMITTEES OF THE BOARD OR THE MEMBERS THEREOF. (F) THE EXPENDITURE OF CORPORATE FUNDS TO SUPPORT A NOMINEE FOR DIRECTOR AFTER THERE ARE MORE PEOPLE NOMINATED FOR DIRECTOR THAN CAN BE ELECTED. (G) THE APPROVAL OF ANY SELF-DEALING TRANSACTION EXCEPT AS EXPRESSLY PROVIDED IN SECTION 5233(D)(3) OF THE CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION LAW. BY A MAJORITY VOTE OF ITS MEMBERS THEN IN OFFICE, THE BOARD MAY AT ANY TIME REVOKE OR MODIFY ANY OR ALL OF THE AUTHORITY SO DELEGATED, INCREASE OR DECREASE BUT NOT BELOW TWO (2) THE NUMBER OF ITS MEMBERS, AND FILL VACANCIES THEREIN FROM THE MEMBERS OF THE BOARD. THE COMMITTEE SHALL KEEP REGULAR MINUTES OF ITS PROCEEDINGS, CAUSE THEM TO BE FILED WITH THE CORPORATE RECORDS, AND REPORT THE SAME TO THE BOARD FROM TIME TO TIME AS THE BOARD MAY REQUIRE. FORM 990, PART VI, SECTION A, LINE 2 PRESIDENT SERGUEI NOUJDINE AND SECRETARY TREASURER NINA NOUJDINA HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B WE PROVIDE OUR DIRECTORS WITH A COPY OF THE 990 RETURN FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR MUST COMPLY WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS MUST APPROVE ALL COMPENSATION DECISIONS FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTATION IS AVAILABLE BY REQUEST. FORM 990, PART IX, LINE 24E SUBSCRIPTIONS AND MEMBERSHIPS: PROGRAM SERVICE EXPENSES 68. MANAGEMENT AND GENERAL EXPENSES 113. FUNDRAISING EXPENSES 45. TOTAL EXPENSES 226. LICENSES AND PERMITS: PROGRAM SERVICE EXPENSES 26. MANAGEMENT AND GENERAL EXPENSES 50. FUNDRAISING EXPENSES 20. TOTAL EXPENSES 96. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART XI, LINE 8 $94,641: PRIOR PERIOD ADJUSTMENT RELATED TO FIXED ASSETS CAPITALIZED IN PRIOR YEARS, AND ADJUSTMENT OF PREPAID RENT -$384,962: RELATED TO CONDITIONAL GRANTHAM AWARD UNDER FISCAL SPONSORSHIP AT 12/31/2022, TO ADJUST BEGINNING NET ASSETS AND 2023 REVENUE AS EXPENDITURES HAS NOT BEEN INCURRED UNTIL 2023