2023-11-14T18:47:12-06:00 2022-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2022-01-01 454998717 LOS ANGELES CLEANTECH INCUBATOR LOSA 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 BENJAMIN STILP EXECUTIVE VICE PRESIDENT 2133586500 2023-11-14 1 BENJAMIN STILP 999009999 1 NANAZ BENYAMINI P00666808 3104773924 2023-11-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATHEW PETERSEN 525 S HEWITT STREET LOS ANGELES CA 90013 21654840 0 X WWW.LAINCUBATOR.ORG X 2012 CA TO FOCUS THE PRIVATE AND PUBLIC SECTORS ON THE PROCESSES AND TECHNOLOGIES REGARDING THE SUSTAINABLE CONSUMPTION OF OUR NATURAL RESOURCES. 11 10 72 30 100000 0 9070129 19816688 1237189 1621793 2266 37010 103956 100000 10413540 21575491 28932 33500 0 0 5413117 7143001 0 0 944689 3773069 7188578 9215118 14365079 1198422 7210412 5220683 14047232 1130855 2746992 4089828 11300240 X THE ORGANIZATION WAS FORMED TO PERFORM AND CARRY OUT EXPRESSLY CHARITABLE FUNCTIONS. THE SPECIFIC EXEMPT PURPOSES OF THE ORGANIZATION ARE (I) TO ACCELERATE THE COMMERCIALIZATION OF CLEAN TECHNOLOGIES BY PROVIDING SUPPORT, EDUCATION, WORKFORCE TRAINING, MENTORSHIP AND NETWORKING FOR NON-PROFIT AND 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 4034362 7125 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. 3758008 7125 11732 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. 1747444 7125 1610061 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 ANGELESDEPARTMENT 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. 2351234 12125 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, LGBTQ+, 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 2022, LACI SERVED AS FISCAL SPONSOR FOR A WORKFORCE TRAINING PARTNERSHIP WITH PORTFOLIO START UP CHARGERHELP, AS WELL AS SUPPORT FOR THE LA CITY MAYOR'S YOUTH COUNCIL. LACI IS ALWAYS LOOKING FOR COLLABORATIONS THAT FURTHER ITS MISSION. 2351234 12125 11891048 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 0 0 0 0 1 1 1 0 0 0 1 158 0 1 72 1 1 1 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 CA X X BENJAMIN STILP EXECUTIVE VICE PRESIDENT 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 JIM CASSELBERRY CHAIRPERSON 1.00 X X 0 0 0 THOMAS SOTO VICE CHAIR 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 THOMAS ERMACORA BOARD MEMBER 1.00 X 0 0 0 PAUL JENNINGS BOARD MEMBER 1.00 X 0 0 0 MARY LESLIE BOARD MEMBER 1.00 X 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 40.00 X X 364692 0 34241 ALLISON HOLMES BOARD MEMBER 1.00 X 0 0 0 DANIEL TELLALIAN BOARD MEMBER 1.00 X 0 0 0 ALFRED FRAIJO BOARD MEMBER 1.00 X 0 0 0 BENJAMIN STILP EXECUTIVE VICE PRESIDENT 40.00 X 230854 0 21401 ALEX MITCHELL SR VICE PRESIDENT, MARKET 40.00 X 199785 0 18936 MICHAEL SWORDS VICE PRESIDENT, GOVERNMENT 40.00 X 147048 0 67 ESTELLE REYES SR VICE PRESIDENT, ENHANCI 40.00 X 149591 0 17118 JILLIAN MISRACK VICE PRESIDENT, DEVELOPMEN 40.00 X 129129 0 28502 SASHA ITZIKMAN VICE PRESIDENT, MARKETING 40.00 X 132438 0 10562 MICHELLE KINMAN VICE PRESIDENT, MARKET 40.00 X 129062 0 32307 1482599 0 163134 9 0 1 0 ACCENTURE LLP 1255 TREAT BLVD SUITE 250 WALNUT CREEK CA 94597 STRATEGIC CONSULTING AND BUSINESS PLANNI 252064 PEDAL MOVEMENT MICROMOBILITY LLC 223 E 1ST STREET LONG BEACH CA 90802 PROGRAM SUPPORT - MARKET TRANSFORMATION 250916 CITYFI LLC 1100 EUCLID STREET NW WASHINGTON DC 20009 PROGRAM SUPPORT - MARKET TRANSFORMATION 188358 CARNEGIE MELLON UNIVERSITY 5000 FORBES AVENUE PITTSBURGH PA 15213 PROGRAM SUPPORT - MARKET TRANSFORMATION 166605 COMMUNITY ENVIRONMENTAL COUNCIL PO BOX 90660 SANTA BARBARA CA 93190 PROGRAM SUPPORT - MARKET TRANSFORMATION 165185 11 78564 16507580 3230544 19816688 LA KRETZ INNOVATION CAMPUS 900099 1610061 1610061 PROGRAM FEES 900099 11732 11732 1621793 37010 37010 79349 78564 79349 0 GP MANAGEMENT FEE 561499 100000 100000 100000 21575491 1621793 100000 37010 X 33500 33500 869910 644685 150537 74688 5398386 3827130 1136023 435233 139275 118720 4655 15900 351377 297785 17515 36077 384053 329745 16758 37550 192824 173886 9949 8989 49541 40798 4593 4150 4433933 4210931 52223 170779 830612 702708 26011 101893 141621 123868 9703 8050 49841 42148 4508 3185 720032 655576 63866 590 279782 261570 18212 19053 18484 234 335 3759 3405 354 41517 35677 3912 1928 76634 62891 7220 6523 SOFTWARE / ONLINE SOFTW 178696 151422 15246 12028 SUBS MEMBERSHIP REGISTR 67771 66860 137 774 STAFF DEVELOPMENT 66615 56688 4736 5191 WORKERS COMPENSATION IN 26595 22819 1162 2614 9752 9752 14365079 11891048 1529342 944689 1872939 611741 9185161 3059871 3844016 126655 255489 33918 36231 101273 283224 238389 67483 44835 23586 4717 5220683 14047232 1002086 2690395 96832 49626 31937 6971 1130855 2746992 X 1984815 904412 2105013 10395828 4089828 11300240 5220683 14047232 7210412 0 X 0 1 X 1 1 1 X 5059310 7287862 6492493 9070129 19816688 47726482 5059310 7287862 6492493 9070129 19816688 47726482 43880 47682602 1830 2352 3088 2266 37010 46546 29027 3956 32983 47806011 11201365 0.99740 0.99240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 216288 0 0 216288 0 283224 238389 44835 44835 X 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 PURPOSE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. LACI IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. LACITIZENS AWARD 157913 78564 79349 64176 15173 157913 78564 79349 64176 15173 79349 0 0 BILL HILLARY & CHELSEA CLINTON FOUNDATION 1200 PRESIDENT CLINTON AVE LITTLE ROCK AR 72201 311580204 C3 25000 0 SUPPORT OF THE CLINTON GLOBAL CLIMATE INITIATIVE X 0 0 0 0 0 0 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 314692 0 50000 0 0 0 18235 0 16006 0 398933 0 0 0 BENJAMIN STILP EXECUTIVE VICE PRESIDENT 220729 0 10125 0 0 0 11250 0 10151 0 252255 0 0 0 ALEX MITCHELL SR VICE PRESIDENT, MARKET 181865 0 17920 0 0 0 9775 0 9161 0 218721 0 0 0 ESTELLE REYES SR VICE PRESIDENT, ENHANCI 140521 0 9070 0 0 0 7223 0 9895 0 166709 0 0 0 MICHELLE KINMAN VICE PRESIDENT, MARKET 118139 0 10923 0 0 0 6919 0 25388 0 161369 0 0 0 JILLIAN MISRACK VICE PRESIDENT, DEVELOPMEN 122829 0 6300 0 0 0 6744 0 21758 0 157631 0 0 0 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 AN 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 18 THESE ARE AVAILABLE UPON REQUEST AND ARE AVAILABLE VIA GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 THESE ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 517,095. MANAGEMENT AND GENERAL EXPENSES 46,605. FUNDRAISING EXPENSES 138,122. TOTAL EXPENSES 701,822. CONSULTING FEES: PROGRAM SERVICE EXPENSES 305,694. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 305,694. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 3,388,142. MANAGEMENT AND GENERAL EXPENSES 5,618. FUNDRAISING EXPENSES 32,657. TOTAL EXPENSES 3,426,417. LACI IMPACT FUND GP II LLC 525 SOUTH HEWITT STREET LOS ANGELES CA 90013 882163146 INVESTMENT CA 0 0 LOS ANGELES CLEANTECH 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 GP II LLC INVESTMENT 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 LACI IMPACT GP LLC L 100000 ACTUAL COST