2021-11-12T12:12:36-06:00 2020-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2020-01-01 454998717 LOS ANGELES CLEANTECH INCUBATOR LOSA 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 BENJAMIN STILP EXECUTIVE VICE PRESIDENT 2133586500 2021-11-10 1 BENJAMIN STILP 999009999 NAZANIN BENYAMINI P00666808 3104773924 2021-11-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MATHEW PETERSEN 525 S HEWITT STREET LOS ANGELES CA 90013 8363012 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. 10 9 59 30 100000 0 7287862 6492493 2980684 1744627 2352 3088 29027 100000 10299925 8340208 0 150550 0 0 3997894 4595903 0 0 552163 4324240 4683643 8322134 9430096 1977791 -1089888 5409805 4675991 1486146 1784585 3923659 2891406 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 2597152 71910 MARKET TRANSFORMATIONLACI'S MARKET TRANSFORMATION TEAM WORKS TO ACCELERATE SYSTEM CHANGE ON KEY INITIATIVES ACROSS TRANSPORTATION & MOBILITY, ENERGY AND SUSTAINABLE CITIES. IN 2018 LACI FORMED THE TRANSPORTATION ELECTRIFICATION PARTNERSHIP (TEP), AN UNPRECEDENTED MULTI-YEAR PARTNERSHIP AMONG LOCAL AND REGIONAL STAKEHOLDERS ACCELERATING PROGRESS TOWARDS TRANSPORTATION ELECTRIFICATION AND ZERO EMISSIONS GOODS MOVEMENT IN THE REGION. 2045350 75000 1616496 LA KRETZ INNOVATION CAMPUSON BEHALF OF THE CITY OF LOS ANGELES, LACI IS THE STEWARD OF THE LA KRETZ INNOVATION CAMPUS (LKIC), A 60,000 SQ FOOT CAMPUS SERVING AS A VITAL HUB FOR CLEANTECH INNOVATION IN LOS ANGELES. THE CAMPUS FEATURES THE ADVANCED PROTOTYPING CENTER (APC), A COLLABORATIVE MAKERSPACE TO DESIGN, BUILD, TEST AND CERTIFY INNOVATIVE PRODUCTS. LKIC ALSO FEATURES THE LADWP CUSTOMER ENGAGEMENT LAB, AS WELL AS ENERGY EFFICIENCY AND EMERGING TECHNOLOGIES LABORATORIES. LKIC ATTRACTS A VIBRANT ROSTER OF LEADING-EDGE PROFESSIONAL DEVELOPMENT WORKSHOPS, COMMUNITY EVENTS, AND PANEL DISCUSSIONS HOSTED BY LADWP, LACI, CAMPUS MEMBERS, PORTFOLIO SERVICES PROVIDERS AND COMMUNITY GROUPS. 2002706 UNLOCKING INNOVATIONLACI'S INCUBATION PROGRAM LEVERAGES BEST PRACTICES TO INCREASE THE SUCCESS OF CLEANTECH STARTUPS, GROWN IN LOS ANGELES TO CREATE LONG-TERM ECONOMIC IMPACT AND INVESTMENT IN THE REGION. CORE INITIATIVES DIRECTLY CREATE NEW GREEN JOBS FOR A DIVERSE AND DISADVANTAGED WORKFORCE. LACI'S BUSINESS INCUBATION AND ACCELERATION PROGRAMS ARE DESIGNED TO MEET NEEDS AND CHALLENGES FACED BY EARLY- TO MID-STAGE PRE-COMMERCIALIZATION CLEANTECH COMPANIES, WITH A FOCUS ON REGIONAL TECH DEPLOYMENTS IN CLEAN ENERGY, ZERO EMISSIONS, TRANSPORTATION, AND SUSTAINABLE CITIES. LACI STARTUP SUPPORT INCLUDES: (1) ACCESS TO LACI NETWORKS WE PROVIDE CURATED MARKET AND NETWORK ACCESS AND PILOT OPPORTUNITIES THROUGHOUT LA'S CLEANTECH ECOSYSTEM. (2) INVESTOR RELATIONS AND DUE DILIGENCE WE HELP TO FIND ACCESS TO EQUITY AND DEBT FINANCING. (3) MENTORSHIP AND COACHING FROM EXECUTIVES IN RESIDENCE AND INDUSTRY EXPERTS. 1660616 3640 128131 ENHANCING COMMUNITIESAN INCLUSIVE GREEN ECONOMY MEANS ENSURING EVERYONE BENEFITS. ENHANCING COMMUNITIES PROGRAMMING RECRUITS UNDERREPRESENTED ENTREPRENEURS INCLUDING FEMALE FOUNDERS, PEOPLE OF COLOR, LGBTQ+, AND VETERANS INTO THE CLEANTECH ECOSYSTEM. ADDITIONALLY, LACI IS PROVIDING CLEANTECH CAREER OPPORTUNITIES TO UNDERSERVED AND DIVERSE YOUTH VIA MIDDLE AND HIGH SCHOOL ENGAGEMENT WITH THE LA KRETZ CAMPUS AS WELL AS A MIDDLE SCHOOL GIRLS S.T.E.M. LEARNING PROGRAM. ENHANCING COMMUNITIES PROVIDES WORKFORCE DEVELOPMENT TRAINING THROUGH THE ADVANCED PROTOTYPING CENTER (APC) FELLOWSHIP WHICH PROVIDES TECHNICAL TRAINING, SKILLS, AND INDUSTRY-RECOGNIZED CREDENTIALS FOR UNDERREPRESENTED PARTICIPANTS IN THE EXPANDING GREEN ECONOMY.FISCAL SPONSORSHIPFISCAL SPONSORSHIPS FACILITATE MANAGEMENT OF PHILANTHROPIC AND IMPACT FUNDS FOR SPECIFIC PROGRAMS ALIGNED WITH LACI'S MISSION. 1660616 3640 128131 8305824 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 126 0 1 59 1 1 1 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 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 RICHARD MORGANSTERN BOARD MEMBER 1.00 X 0 0 0 NANCY SUTLEY BOARD MEMBER 1.00 X 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 1.00 X X 317556 0 27102 BENJAMIN STILP EXECUTIVE VICE PRESIDENT 40.00 X 215845 0 16593 ALEX MITCHELL SR VICE PRESIDENT, MARKET TRANSFORMATION 40.00 X 157445 0 15516 MICHAEL SWORDS VICE PRESIDENT, GOVERNMENT AFFAIRS 40.00 X 141044 0 0 ESTELLE REYES SR VICE PRESIDENT, ENHANCING COMMUNITIES 40.00 X 125900 0 14499 JILLIAN MISRACK VICE PRESIDENT, DEVELOPMENT 40.00 X 120888 0 12720 AMANDA SABICER CHIEF OF STAFF 40.00 X 116799 0 37584 ROBERT MUSSELMAN LEAD EXECUTIVE IN RESIDENCE 40.00 X 102694 0 4517 1298171 0 128531 8 0 1 0 HR&A ADVISORS INC 99 HUDSON STREET 3RD FLOOR NEW YORK NY 10013 GREEN JOBS STUDY PROJECT 359669 ENVOY TECHNOLOGIES 8575 WASHINGTON BOULEVARD CULVER CITY CA 90232 PILOT SERVICE PROVIDER 160701 GLADSTEIN NEANDROSS & ASSOCIATES 2525 OCEAN PARK BOUELVARD SUITE 20 SANTA MONICA CA 90405 PILOT PROJECTS SITE ASSESSOR 106567 3 130124 4303871 2058498 6492493 LA KRETZ INNOVATION CA 900099 1616496 1616496 PROGRAM FEES 900099 128131 128131 1744627 3088 3088 22804 130124 22804 0 GP MANAGEMENT FEE 561499 100000 100000 100000 8340208 1744627 100000 3088 X 150550 150550 750056 627402 47866 74788 3299885 2752223 216183 331479 72239 61373 3960 6906 193753 164610 10622 18521 279970 233301 18517 28152 63232 49436 7760 6036 39413 30814 4837 3762 2609921 2553594 36988 19339 195452 160987 19426 15039 17928 15354 1854 720 71155 55393 8720 7042 1085493 926209 141995 17289 20350 18245 1242 863 26850 25504 757 589 49798 40008 6112 3678 61696 50429 7572 3695 60986 49494 6464 5028 BAD DEBT EXPENSE 138940 122896 16044 SOFTWARE / ONLINE SOFTW 103131 86047 11500 5584 SUBS MEMBERSHIP REGISTR 97233 97042 107 84 STAFF DEVELOPMENT 15704 13073 1480 1151 26361 21840 2103 2418 9430096 8305824 572109 552163 2200240 1440098 2615820 2951067 131235 60216 221484 60000 78629 28597 257306 163748 101073 93558 61324 42455 5409805 4675991 984000 844349 604863 225793 26479 276353 308894 1486146 1784585 X 1166531 889183 2757128 2002223 3923659 2891406 5409805 4675991 -1089888 57635 0 X 0 1 X 1 0 X 1769682 3885588 5059310 7287862 6492493 24494935 1769682 3885588 5059310 7287862 6492493 24494935 295251 24199684 -10050 1694 1830 2352 3088 -1086 29027 29027 24522876 15654163 0.98680 0.97610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 257306 163748 93558 93558 X 8519419 179211 179211 8340208 0 8340208 9609307 179211 179211 9430096 0 9430096 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). AS OF DECEMBER 31, 2020, 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. LACI ANNUAL GALA DINNER - VIRTUAL 152928 130124 22804 1450 21354 152928 130124 22804 1450 21354 22804 0 0 CITY OF SANTA MONICA 1685 MAIN STREET SANTA MONICA CA 90401 956000790 N/A 10000 IN SUPPORT OF LACI'S MARKET TRANSFORMATION PILOTS PROGRAM COMMUNITY ECONOMIC DEVELOPMENT CORPORATION PO BOX 8145 LOS ANGELES CA 90008 880306149 C3 8360 IN SUPPORT OF LACI'S MARKET TRANSFORMATION PILOTS PROGRAM HOUSING AUTHORITY OF THE CITY OF LOS ANGELES 2600 WILSHIRE BOULEVARD LOS ANGELES CA 90057 956001623 N/A 7800 IN SUPPORT OF LACI'S MARKET TRANSFORMATION PILOTS PROGRAM PACOIMA BEAUTIFUL 13520 VAN NUYS BOULEVARD SUITE 200 PACOIMA CA 91331 954770745 C3 11000 IN SUPPORT OF LACI'S MARKET TRANSFORMATION PILOTS PROGRAM UNIVERSITY OF SOUTHERN CALIFORNIA 1150 S OLIVE STREET SUITE T2400 LOS ANGELES CA 90015 951642394 C3 20000 IN SUPPORT OF LACI'S TRANSPORTATION ELECTRIFICATION PARTNERSHIP (TEP) PROGRAM EMERGENCY SUPPLY DONOR GROUP 1880 CENTURY PARK EAST SUITE 200 LOS ANGELES CA 90067 262173175 C3 75000 FMV FACE SHIELD MASKS GENERAL ASSISTANCE 4 2 X 0 0 0 0 0 0 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 292556 0 25000 0 0 0 12134 0 14968 0 344658 0 0 0 BENJAMIN STILP EXECUTIVE VICE PRESIDENT 215845 0 0 0 0 0 7269 0 9324 0 232438 0 0 0 ALEX MITCHELL SR VICE PRESIDENT, MARKET TRANSFORMA 157445 0 0 0 0 0 5703 0 9813 0 172961 0 0 0 AMANDA SABICER CHIEF OF STAFF 116799 0 0 0 0 0 490 0 37094 0 154383 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 BAORD 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. THE NEXT REVIEW WILL BE HELD IN JUNE 2021. 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 397,362. MANAGEMENT AND GENERAL EXPENSES 22,730. FUNDRAISING EXPENSES 17,681. TOTAL EXPENSES 437,773. CONSULTING FEES: PROGRAM SERVICE EXPENSES 330,033. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 330,033. SUNCONTRACTORS: PROGRAM SERVICE EXPENSES 1,826,199. MANAGEMENT AND GENERAL EXPENSES 14,258. FUNDRAISING EXPENSES 1,658. TOTAL EXPENSES 1,842,115. LACI IMPACT GP LLC 525 S HEWITT STREET LOS ANGELES CA 90013 841882847 INVESTMENT CA N/A INVESTMENT 1 1 0.50000 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