Explorocean

“Explorocean has multiple galleries in which the core educational focus is to provide interactive experiences to visitors of all ages to help them gain an understanding of the ocean and simultaneously develop the explorer within. All explorocean activities align with the principles of ocean literacy, next generation and california science standards, and include three key elements: investigate! Innovate! And communicate! The educational programs range from single-day workshops, multi-week programs, lectures, free public activities, and summer camps. Through hands-on activities, excursions, multi-media, interactive apps, and up-to-the minute feeds, explorocean expands students understanding of the ocean.”

“The organization's endowment funds consist of funds functioning as endowment through (a) designation by the board, (b) temporarily restricted funds managed as endowment funds and (c) donor-restricted endowment funds. The earnings of the organization's endowment funds support the mission of the organization. Net assets associated with endowment funds, including funds designated by the board to function as endowment, are classified and reported based on the existence or absence of donor-imposed restrictions.”

“In july 2006, the financial accounting standards board ("fasb") issued fasb interpretation no. 48 ("fin 48"), accounting for uncertainty in income taxes, now referred to as accounting standards codification topic no. 740 ("asc 740"), which clarifies the accounting for uncertainty in income tax positions taken or expected to be taken in tax returns that affect amounts reported in an organization's financial statements in accordance with the accounting for income taxes topic of asc 740 (formerly sfas 109, accounting for income taxes). Asc 740 requires that an organization recognize in the financial statements the impact of the tax position if that position will more likely than not be sustained on audit, based on the technical merits of the position. Asc 740 also provides guidance related to de-recognition, classification, interest and penalties, accounting in interim periods and disclosure. During the year ended june 30, 2013, the organization performed an evaluation of uncertain tax positions and did not note any matters that would require recognition in the consolidated statement of activities or which may have an effect on its tax-exempt status. The following summarizes the open tax years for each jurisdiction: jurisdiction open tax years federal 2011 - 2014 california 2010 - 2014”