2024-11-15T13:08:59-06:00 2023-12-31 953001179 WINDES INC 2050 MAIN ST STE 1300 IRVINE CA 92614 990 2023-01-01 454998717 LOS ANGELES CLEANTECH INCUBATOR LOSA 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 MATHEW PETERSEN PRESIDENT AND CEO 2133586500 2024-11-15 1 1 ELEANOR A LIVINGSTON CPA MST P00226461 9498529433 2024-11-15 2023 2024-10-15 13:58:12Z MATHEW PETERSEN 525 S HEWITT STREET LOS ANGELES CA 90013 26434329 0 X WWW.LAINCUBATOR.ORG X 2012 CA TO FOCUS THE PRIVATE AND PUBLIC SECTORS ON THE PROCESS AND TECHNOLOGIES REGARDING THE SUSTAINABLE CONSUMPTION OF NATURAL RESOURCES. 11 11 75 11 10000 0 19816688 24055726 1621793 1910553 37010 446050 100000 -70522 21575491 26341807 33500 38500 0 0 7143001 7544096 0 0 746921 7188578 10186457 14365079 17769053 7210412 8572754 14047232 22248258 2746992 2375264 11300240 19872994 X THE ORGANIZATION WAS FORMED TO PERFORM AND CARRY OUT EXPRESSLY CHARITABLE CONTRIBUTIONS. THE SPECIFIC EXEMPT PURPOSES OF THE ORGANIZATION ARE (I) TO ACCELERATE THE COMERCIALIZATION OF CLEAN TECHNOLOGIES BY PROVIDING SUPPORT, EDUCATION, WORKFORCE TRAINING, MENTORSHIP AND NETWORKING FOR NON-PROFIT ANF FOR-PROFIT START-UP CLEAN TECHNOLOGY COMPANIES LOCATED IN THE REGION OF LOS ANGELES, CALIFORNIA; (II) TO CONSERVE THE NATURAL ENVIRONMENT AND PROMOTE THE ECOLOGICALLY SOUND AND SUSTAINABLE USE OF ENVIRONMENTAL RESOURCES; (III) TO LESSEN THE BURDENS OF GOVERNMENT THROUGH ADVANCEMENT OF ECONOMIC OPPORTUNITIES IN THE AREA OF CLEAN TECHNOLOGY; AND (IV) TO ENGAGE IN ANY AND ALL OTHER CHARITABLE, ELEEMOSYNARY, AND EDUCATIONAL ACTIVITIES PERMITTED TO AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). 0 0 5958141 37813 MARKET TRANSFORMATION TO ACCELERATE SYSTEM CHANGE ON KEY INITIATIVES ACROSS TRANSPORTATION AND MOBILITY, ENERGY AND SUSTAINABLE CITIES, LACI HAS INITIATED PUBLIC SECTOR, INDUSTRY AND CORPORATE PARTNERSHIPS AND WORKING RELATIONSHIPS TO IDENTIFY AND DRIVE THE COMMERCIALIZATION OF CLEANTECH AND SUSTAINABLE SOLUTIONS AND REDUCE REAL, AND PERCEIVED, CLEANTECH ADOPTION HURDLES. MORE THAN 5 YEARS AGO, LACI CONVENED THE TRANSPORTATION ELECTRIFICATION PARTNERSHIP (TEP), AN UNPRECEDENTED MULTI-YEAR PARTNERSHIP AMONG LOCAL, REGIONAL, AND STATE STAKEHOLDERS THAT IS WORKING TO ACCELERATE PROGRESS TOWARDS TRANSPORTATION ELECTRIFICATION AND ZERO EMISSIONS GOODS MOVEMENT IN THE GREATER LA REGION IN ADVANCE OF THE 2028 OLYMPIC AND PARALYMPIC GAMES.IN 2023 WE LAUNCHED THE CLEAN ENERGY PARTNERSHIP, WITH THREE SOLUTION-ORIENTED, PRIORITY PATHWAYS WITH RELATED SPECIFIC TARGETS TO SPUR INNOVATION AND ACCELERATE IMPLEMENTATION VIA RECOMMENDED POLICIES, PILOTS, AND OTHER INITIATIVES. 4210561 70076 UNLOCKING INNOVATION LACI INCUBATES AND ACCELERATES CLEANTECH STARTUPS AND HELPS COMMERCIALIZE THEIR TECHNOLOGIES BY PROVIDING BEST-IN-CLASS COACHING AND ADVICE TO FOUNDERS, FACILITATING INVESTMENT PREPARATION AND ASSISTANCE WITH SHARED BUSINESS SERVICES, AND PROVIDING ACCESS TO HIGH-VALUE RESOURCES. WE OFFER THREE TIERS OF COHORT-BASED PROGRAM SUPPORT: INNOVATORS FOR PRE-COMMERCIAL, EARLY-STAGE ENERGY ENTREPRENEURS; OUR CORE INCUBATION PROGRAM, TO SUPPORT PRE-SEED AND SEED-STAGE CLEANTECH STARTUPS IN SOUTHERN CALIFORNIA; AND MARKET ACCESS, A PILOT CENTRIC PROGRAM FOR SERIES A CLEANTECH STARTUPS READY TO SCALE. 2499460 1840477 LACI STEWARDSHIP OF LA KRETZ INNOVATION CAMPUS (LKIC) ON BEHALF OF THE CITY OF LOS ANGELES AND LADWP, LACI REMAINS THE STEWARD OF THE 3.2 ACRE STATE-OF-THE-ART LA KRETZ INNOVATION CAMPUS, WHICH PROVIDES A CRITICAL HUB FOR CLEANTECH INNOVATION IN LOS ANGELES. THE CAMPUS FEATURES THE ADVANCED PROTOTYPING CENTER (APC), A COLLABORATIVE MAKERSPACE WHERE ENTREPRENEURS, ARTISTS, INVENTORS, AND STARTUPS CAN DESIGN, BUILD, TEST AND CERTIFY INNOVATIVE PRODUCTS, ALL UNDER ONE ROOF. THE APC FEATURES MORE THAN $11 MILLION WORTH OF TOOLS, LABS, AND SHOPS, INCLUDING AN ELECTRONICS LAB, BIOCHEMISTRY LAB, CELL LAB, CNC MACHINE, WATER JET, 3D PRINTING, WELDING EQUIPMENT, USE OF PREMIUM CAD SOFTWARE, LASER CUTTERS, A TRAINING CENTER, AND MORE. LKIC ALSO FEATURES THE INTERACTIVE LOS ANGELES DEPARTMENT OF WATER AND POWER CUSTOMER ENGAGEMENT LAB, AS WELL AS ENERGY EFFICIENCY AND EMERGING TECHNOLOGIES LABORATORIES. THE FACILITY ATTRACTS A CONSISTENT ROSTER OF PROFESSIONAL DEVELOPMENT WORKSHOPS, COMMUNITY EVENTS, AND PANEL DISCUSSIONS HOSTED BY LADWP, LACI, CAMPUS MEMBERS, PORTFOLIO SERVICES PROVIDERS AND COMMUNITY GROUPS. 3305777 687 ENHANCING COMMUNITY LACI WORKS TO ENSURE THAT EVERYONE CAN BENEFIT FROM THE GREEN ECONOMY EITHER FROM GREEN JOBS, CLEAN AIR OR ACCESSING NEW ZERO EMISSIONS MOBILITY OR ENERGY SOLUTIONS. WITH THIS LENS, WE INTENTIONALLY RECRUIT DIVERSE ENTREPRENEURS, INCLUDING FEMALE FOUNDERS, PEOPLE OF COLOR, LGBTQIA+, AND VETERANS INTO OUR CLEANTECH ECOSYSTEM, AND OUR HIGH-TOUCH, HIGH-OUTCOME WORKFORCE DEVELOPMENT PROGRAM, THE ADVANCED PROTOTYPING CENTER (APC) FELLOWSHIP, WHICH PROVIDES PARTICIPANTS FROM UNDERREPRESENTED GROUPS WITH TECHNICAL TRAINING, INTERPERSONAL SKILLS AND INDUSTRY-RECOGNIZED CREDENTIALS TO THRIVE IN THE EXPANDING GREEN ECONOMY. FISCAL SPONSORSHIP LACI FACILITATES THE RECEIPT AND MANAGEMENT OF PHILANTHROPIC AND IMPACT FUNDS FOR SPECIFIC EXTERNAL PROGRAMS THAT SUPPORT LACI'S MISSION THROUGH FOR-AND NONPROFIT PARTNERS IN LOS ANGELES. IN 2023, LACI SERVED AS FISCAL SPONSOR FOR THE LA CITY MAYOR'S YOUTH COUNCIL. LACI IS ALWAYS LOOKING FOR COLLABORATIONS THAT FURTHER ITS MISSION. 3305777 687 15973939 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 263 0 1 75 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X BENJAMIN STILP 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 JIM CASSELBERRY CHAIRPERSON 1.00 X X 0 0 0 DAVID NAHAI TREASURER 1.00 X X 0 0 0 SARAH RIENHOFF SECRETARY 1.00 X X 0 0 0 ALLISON HOLMES BOARD MEMBER 1.00 X 0 0 0 MARY LESLIE BOARD MEMBER 1.00 X 0 0 0 PAUL JENNINGS BOARD MEMBER 1.00 X 0 0 0 DANIEL TALLALIAN BOARD MEMBER 1.00 X 0 0 0 ALFRED FRAIJO BOARD MEMBER 1.00 X 0 0 0 BRETT HAUSER BOARD MEMBER 1.00 X 0 0 0 LIZ HELLER BOARD MEMBER 1.00 X 0 0 0 ZUBIN DAVAR BOARD MEMBER 1.00 X 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 40.00 X 414727 0 33950 BENJAMIN STILP EXCECUTIVE VICE PRESIDENT 40.00 X 251009 0 21601 AMANDA SABICER CHIEF OF STAFF, EVP OPS & PEOPLE 40.00 X 228705 0 30219 MICHELLE KINMAN SR VICE PRESIDENT, MARKET 40.00 X 175728 0 26694 ESTELLE REYES SR VICE PRESIDENT, ENHANCING COMM. 40.00 X 179886 0 17449 SASHA ITZIKMAN VICE PRESIDENT, MARKETING 40.00 X 184553 0 7662 JILLIAN MISRACK VICE PRESIDENT, DEVELOPMENT 40.00 X 161612 0 18498 MICHAEL SWORDS VICE PRESIDENT, GOVERNMENT AFFAIRS 40.00 X 153326 0 127 1749546 0 156200 20 0 1 0 AUTOMOTUS INC 612 S BROADWAY 4TH FLOOR LOS ANGELES CA 90014 PROGRAM SUPPORT - MARKET TRANSFORMATION 809672 CARNEGIE MELLON UNIVERSITY 5000 FORBES AVENUE PITTSBURGH PA 15213 PROGRAM SUPPORT - MARKET TRANSFORMATION 287624 ACCENTURE LLP 1255 TREAT BLVD SUITE 250 WALNUT CREEK CA 94597 STRATEGIC CONSULTING AND BUSINESS PLANNI 257358 HP HOLDINGS INC DBA INVARIANT 740 15TH STREET NW WASHINGTON DC 20005 EDUCATION AND ADVOCACY 240046 RIDE ON BIKE SHOP 4319 DEGNAN BLVD LOS ANGELES CA 90008 PROGRAM SUPPORT - MARKET TRANSFORMATION 231000 13 171445 19798891 4085390 24055726 LA KRETZ INNOVATION CAMPUS 900099 1840477 1840477 PROGRAM FEES 900099 70076 70076 1910553 446050 446050 12000 171445 92522 -80522 -80522 GP MANAGEMENT FEES 561499 10000 10000 10000 26341807 1910553 10000 365528 X 38500 38500 980211 425929 369984 184298 5476595 4945228 330681 200686 179197 172820 4541 1836 448913 395187 39561 14165 459180 390291 48342 20547 172950 152019 10773 10158 83839 70661 6783 6395 159176 154440 2640 2096 6185262 6027705 89301 68256 647951 599894 24587 23470 223504 200236 10746 12522 218827 188087 15421 15319 808447 751183 29 57235 396821 327596 61941 7284 85947 74534 5976 5437 48398 44625 3773 49330 40080 5759 3491 108683 8986 99697 HARDWARE AND EQUIPMENT 781280 780994 147 139 STAFF DEVELOPMENT 103741 88729 7795 7217 SUBS MEMBERSHIP REGISTR 83482 82983 291 208 BAD DEBTS 18332 16903 1429 10487 5315 136 5036 17769053 15973939 1048193 746921 611741 1244334 9185161 13424607 3844016 6944046 255489 472290 101273 97189 300848 258770 44835 42078 4717 23714 14047232 22248258 2690395 2178049 49626 161591 6971 35624 2746992 2375264 X 904412 620461 10395828 19252533 11300240 19872994 14047232 22248258 8572754 0 X 0 1 X 1 1 1 X 7287862 6492493 9070129 19816688 23499985 66167157 7287862 6492493 9070129 19816688 23499985 66167157 861674 65305483 2352 3088 2266 37010 446050 490766 10000 10000 29027 3956 32983 66700906 10050587 0.97910 0.99740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 159176 159176 16560317 16719493 985975 246494 0 0 593278 565771 791982 985975 2937006 4405509 159176 159176 148319 141443 197996 246494 734252 1101378 185699 216288 401987 300848 258770 42078 42078 X 27014249 579920 92522 672442 26341807 0 26341807 18441495 579920 92522 672442 17769053 0 17769053 PART X, LINE 2: LACI IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701(D). THE DEBT FUND IS A LIMITED LIABILITY COMPANY AND IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPEVTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 92,522. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 92,522. LACITIZENS AWARD 183445 171445 12000 33610 22764 36148 183445 171445 12000 33610 22764 36148 92522 -80522 0 RIDE ON BIKE SHOP 4319 DEGNAN BOULEVARD LOS ANGELES CA 90008 821418427 N/A 25000 0 SUPPORTING SUSTAINABLE MOBILITY & ENTREPRENEURSHIP BILL HILARY & CHELSEA CLINTON FOUNDATION 1200 PRESIDENT CLINTON AVENUE LITTLE ROCK AR 72201 311580204 501(C)(3) 10000 0 CHARITABLE COMMITMENT, CLINTON GLOBAL INITIATIVE MEETING 1 1 X 1 0 0 0 0 0 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 339727 0 75000 0 0 0 17450 0 16500 0 448677 0 0 0 BENJAMIN STILP EXCECUTIVE VICE PRESIDENT 231884 0 19125 0 0 0 9051 0 12550 0 272610 0 0 0 AMANDA SABICER CHIEF OF STAFF, EVP OPS & PEOPLE 213825 0 14880 0 0 0 24011 0 6208 0 258924 0 0 0 MICHELLE KINMAN SR VICE PRESIDENT, MARKET 163654 0 12074 0 0 0 17908 0 8786 0 202422 0 0 0 ESTELLE REYES SR VICE PRESIDENT, ENHANCING COMM. 161841 0 18045 0 0 0 8486 0 8963 0 197335 0 0 0 SASHA ITZIKMAN VICE PRESIDENT, MARKETING 118859 0 13000 0 52694 0 7662 0 0 0 192215 0 0 0 JILLIAN MISRACK VICE PRESIDENT, DEVELOPMENT 150164 0 11448 0 0 0 10417 0 8081 0 180110 0 0 0 MICHAEL SWORDS VICE PRESIDENT, GOVERNMENT AFFAIRS 145092 0 8234 0 0 0 127 0 0 0 153453 0 0 0 PART I, LINE 4A SASHA ITZIKMAN RECEIVED A SEVERANCE PAYMENT OF $52,694. X VOUCHER CREDITS 1 50000 COST 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B LACI'S BOARD OF DIRECTORS REVIEWS LACI'S FINANCIALS QUARTERLY; THE AUDIT COMMITTEE REVIEWS AUDIT REPORTS AND RECOMMENDATIONS FROM THE ORGANIZATION'S SELECTED FIRM PROVIDING TAX AND AUDIT SERVICES ANNUALLY. THE DRAFT FORM 990 AND RELATED SCHEDULES ARE PREPARED WITH OUTSIDE SUPPORT AND COORDINATION BY THE EXECUTIVE VICE PRESIDENT OF FINANCE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY BY ADDRESSING ANY POTENTIAL CONFLICT IN REAL TIME. EACH BOARD MEMBER, EMPLOYEE AND ADVISOR IS REQUIRED TO COMPLETE A ANNUAL DECLARATION OF POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS FORMALLY AND INDEPENDENTLY APPROVED THE COMPENSATION FOR THE CEO OF LACI, GUIDED BY LEGAL COUNSEL, EXECUTIVE COMPENSATION COUNSEL, AND THE DUE DILIGENCE PROCEDURES CONTAINED IN LACI'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THESE ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 6,027,705. MANAGEMENT AND GENERAL EXPENSES 89,301. FUNDRAISING EXPENSES 68,256. TOTAL EXPENSES 6,185,262. LACI IMPACT FUND GP II LLC 525 SOUTH HEWITT STREET LOS ANGELES CA 90013 882163146 INVESTMENT CA 0 0 LOS ANGELES CLEANTHECH INCUBATOR LACI IMPACT GP LLC 525 S HEWITT STREET LOS ANGELES CA 90013 841882847 INVESTMENT CA LOS ANGELES CLEANTECH INCUBATOR INVESTMENT 0 1 0.50000 LACI IMPACT FUND LLC 525 S HEWITT STREET LOS ANGELES CA 90013 841898172 INVESTMENT CA LACI IMPACT GP LLC INVESTMENT 0 0 0.50000 LACI CLEANTECH DEBT FUND LP 525 S HEWITT STREET LOS ANGELES CA 90013 882163609 INVESTMENT CA LACI IMPACT FUND II LLC INVESTMENT 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0