LOS ANGELES CLEANTECH INCUBATOR: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- LOS ANGELES CLEANTECH INCUBATOR (EIN 45-4998717)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202023219349315222
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T14:49:43-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 952302617 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SINGERLEWAK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10960 WILSHIRE BOULEVARD 7TH FLOOR | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 900243783 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454998717 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOS ANGELES CLEANTECH INCUBATOR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LOSA | BusinessNameControlTxt |
| Phone | 2133586500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 S HEWITT STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90013 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BENJAMIN STILP | PersonNm |
| Person Title | EXECUTIVE VICE PRESIDENT | PersonTitleTxt |
| Phone | 2133586500 | PhoneNum |
| Signature | 2020-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NAZANIN BENYAMINI | PreparerPersonNm |
| PTIN | P00666808 | PTIN |
| Phone | 3104773924 | PhoneNum |
| Preparation | 2020-11-16 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 206.169.119.90 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-16 | IPDt |
| IP Tm | 10:03:52 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | A5AC86A3445D2E2E47D1D317F28DB4EF7381C94B | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 91C75ED39B97403A68E88CC23D17D43C3CA2F1E1 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MATHEW PETERSEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 S HEWITT STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,299,925 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LAINCUBATOR.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2012 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | TO FOCUS THE PRIVATE AND PUBLIC SECTORS ON THE PROCESSES AND TECHNOLOGIES REGARDING THE SUSTAINABLE CONSUMPTION OF OUR NATURAL RESOURCES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 59 | TotalEmployeeCnt |
| Total Volunteers | 30 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $5,059,310 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,287,862 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,517,072 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,980,684 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,830 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,352 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $29,027 | CYOtherRevenueAmt |
| PY Total Revenue | $8,578,212 | PYTotalRevenueAmt |
| CY Total Revenue | $10,299,925 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,518,527 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,997,894 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $296,268 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,426,302 | PYOtherExpensesAmt |
| CY Other Expenses | $4,324,240 | CYOtherExpensesAmt |
| PY Total Expenses | $7,944,829 | PYTotalExpensesAmt |
| CY Total Expenses | $8,322,134 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $633,383 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,977,791 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,535,849 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,409,805 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,589,981 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,486,146 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,945,868 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,923,659 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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"). | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,769,401 | ExpenseAmt |
| Revenue | $458,219 | RevenueAmt |
| Desc | UNLOCKING INNOVATIONLACI'S INTEGRATED INCUBATION PROGRAMS LEVERAGE A UNIQUE BLEND OF BEST PRACTICES IN ORDER TO INCREASE THE SUCCESS RATE AT WHICH GREEN STARTUPS EFFECTIVELY GROW IN LOS ANGELES TO CREATE LONG-TERM ECONOMIC IMPACT AND INVESTMENT IN THE REGION. OUR CORE INITIATIVES TRANSLATE DIRECTLY INTO NEW GREEN JOB CREATION, SPECIFICALLY FOR A DIVERSE WORKFORCE, WITH A SIGNIFICANT NUMBER OF THOSE JOBS AT HIGHER WAGE RATES AND FOR THOSE WHO HAVE BEEN PREVIOUSLY UNEMPLOYED.LACI'S GLOBALLY RECOGNIZED BUSINESS INCUBATION AND ACCELERATION PROGRAMS ARE DESIGNED TO MEET THE UNIQUE 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:-ACCESS TO LACI NETWORKS WE PROVIDE CURATED MARKET AND NETWORK ACCESS AND PILOT OPPORTUNITIES THROUGHOUT LA'S CLEANTECH ECOSYSTEM.-INVESTOR RELATIONS AND DUE DILIGENCE WE HELP TO FIND ACCESS TO EQUITY AND DEBT FINANCING.-MENTORSHIP AND COACHING FROM EXECUTIVES IN RESIDENCE AND INDUSTRY EXPERTS.-GUIDANCE IN MEASURING AND REPORTING COMPANY IMPACT AND PROGRESS.-A SLATE OF SHARED BUSINESS AND CREATIVE SERVICES PROFESSIONAL HR, LEGAL, ACCOUNTING, MARKETING AND IT SUPPORT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,604,525 | ExpenseAmt |
| Revenue | $2,365,615 | RevenueAmt |
| Desc | LA KRETZ INNOVATION CAMPUSON BEHALF OF THE CITY OF LOS ANGELES AND LADWP, LACI IS THE STEWARD OF THE THREE-YEAR-OLD, STATE-OF-THE-ART LA KRETZ INNOVATION CAMPUS (LKIC), 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 $11M 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 (LADWP) CUSTOMER ENGAGEMENT LAB, AS WELL AS ENERGY EFFICIENCY AND EMERGING TECHNOLOGIES LABORATORIES. WHAT'S MORE, 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,363,630 | ExpenseAmt |
| Revenue | $101,861 | RevenueAmt |
| Desc | MARKET TRANSFORMATIONLACI'S MARKET TRANSFORMATION TEAM WORKS TO ACCELERATE SYSTEM CHANGE ON KEY INITIATIVES ACROSS TRANSPORTATION & MOBILITY, ENERGY AND SUSTAINABLE CITIES. TO THAT END, WE HAVE INITIATED PUBLIC SECTOR, INDUSTRY, AND CORPORATE PARTNERSHIPS AND WORKING RELATIONSHIPS TO IDENTIFY AND DRIVE THE COMMERCIALIZATION OF CLEANTECH AND SUSTAINABLE SOLUTIONS AND REDUCE CLEANTECH ADOPTION HURDLES. FOR EXAMPLE, WE FORMED THE TRANSPORTATION ELECTRIFICATION PARTNERSHIP (TEP) IN MAY 2018. THIS UNPRECEDENTED MULTI-YEAR PARTNERSHIP AMONG LOCAL, REGIONAL, AND STATE STAKEHOLDERS IS ACTIVELY 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. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,718,752 | ExpenseAmt |
| Revenue | $54,989 | RevenueAmt |
| Desc | ENHANCING COMMUNITIESLACI IS CREATING AN INCLUSIVE GREEN ECONOMY THIS MEANS ENSURING THAT EVERYONE CAN BENEFIT FROM THE GREEN ECONOMY, EITHER FROM GREEN JOBS, CLEAN AIR OR ACCESSING NEW ZERO EMISSIONS MOBILITY OR ENERGY SOLUTIONS. AS PART OF OUR WORK IN ENHANCING COMMUNITIES, LACI CREATED PROGRAMMING TO INTENTIONALLY RECRUIT MORE DIVERSE ENTREPRENEURS, INCLUDING FEMALE FOUNDERS, PEOPLE OF COLOR, LGBTQ+, AND VETERANS INTO OUR CLEANTECH ECOSYSTEM.ADDITIONALLY, WE ARE INTRODUCING YOUTH TO CAREER OPPORTUNITIES IN THE CLEANTECH SECTOR VIA MIDDLE AND HIGH SCHOOL FIELD TRIPS TO LA KRETZ INNOVATION CAMPUS (LKIC) AND A NEW MIDDLE SCHOOL GIRLS STEM LEARNING PROGRAM WITH THE LONG-TERM AIM OF BUILDING OUT A MORE DIVERSE WORKFORCE PIPELINE THROUGHOUT THIS SECTOR. WE ALSO HAVE LAUNCHED WORKFORCE DEVELOPMENT PROGRAMS LIKE OUR ADVANCED PROTOTYPING CENTER (APC) FELLOWSHIP TO PROVIDE PARTICIPANTS FROM UNDERREPRESENTED GROUPS WITH TECHNICAL TRAINING, INTERPERSONAL SKILLS, AND INDUSTRY-RECOGNIZED CREDENTIALS TO THRIVE IN THE EXPANDING GREEN ECONOMY.FISCAL SPONSORSHIPFISCAL SPONSORSHIP PROGRAMS FACILITATE THE RECEIPT AND MANAGEMENT OF PHILANTHROPIC AND IMPACT FUNDS FOR SPECIFIC PROGRAMS THAT SUPPORT THE ORGANIZATION'S MISSION, ACHIEVED THROUGH FOR-AND NONPROFIT PARTNERS IN LOS ANGELES AND THE COMPANIES RECEIVING CORE SERVICES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,718,752 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $54,989 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $7,456,308 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 83 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 59 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
| Other | Yes (X) | OtherInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENJAMIN STILP EXECUTIVE VICE PRESIDENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2133586500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 S HEWITT STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90013 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| RICHARD MORGANSTERN | |||||||
| CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DAVID NAHAI | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MARY LESLIE | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JIM MCDERMOTT | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR KENNETH PICKAR | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS SOTO | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS ERMACORA | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BEN VAN DE BUNT | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM CASSELBERRY | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SARAH RIENHOFF | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MATHEW PETERSEN | |||||||
| PRESIDENT AND CEO | 40.00 | Yes (X) | $315,925 | $0 | $13,872 | ||
| BENJAMIN STILP | |||||||
| EXECUTIVE VICE PRESIDENT (AS OF 9/2019) | 40.00 | Yes (X) | $53,902 | $0 | $1,703 | ||
| ALEX MITCHELL | |||||||
| SR VICE PRESIDENT, MARKET TRANSFORMATION | 40.00 | $140,977 | $0 | $8,266 | Yes (X) | ||
| MICHAEL SWORDS | |||||||
| VICE PRESIDENT, GOVERNMENT AFFAIRS | 40.00 | $132,000 | $0 | $0 | Yes (X) | ||
| SHANNON RICHARDSON | |||||||
| CHIEF OF STAFF AND OPERATIONS | 40.00 | $125,911 | $0 | $0 | Yes (X) | ||
| EMILY DRAKE | |||||||
| SR VICE PRESIDENT, UNLOCKING INNOVATION | 40.00 | $122,500 | $0 | $0 | Yes (X) | ||
| ROBERT MUSSELMAN | |||||||
| LEAD EXECUTIVE IN RESIDENCE | 40.00 | $119,229 | $0 | $1,542 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,010,444 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $25,383 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| UNIVERSAL PROTECTION SERVICE LP | |||||
| PO BOX 31001-2374 | PASADENA | CA | 911102374 | SECURITY | $139,119 |
| IMAGE PROPERTY SERVICES | |||||
| 18401 N 25TH AVENUE SUITE 130 | PHOENIX | AZ | 85023 | JANITORIAL | $123,755 |
| RICHARD WEGMAN | |||||
| 1336 OCEAN PARK BLVD UNIT C | SANTA MONICA | CA | 90405 | FINANCE CONSULTANT | $121,731 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $5,340,138 | GovernmentGrantsAmt |
| All Other Contributions | $1,947,724 | AllOtherContributionsAmt |
| Total Contributions | $7,287,862 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LA KRETZ INNOVATION CAMPUS | 900099 | $2,365,615 | $2,365,615 |
| UNLOCKING INNOVATION | 900099 | $458,219 | $458,219 |
| MARKET TRANSFORMATION | 900099 | $101,861 | $101,861 |
| PROGRAM FEES | 900099 | $54,989 | $54,989 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,980,684 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,352 | TotalRevenueColumnAmt |
| Exclusion | $2,352 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $29,027 | TotalRevenueColumnAmt |
| Exclusion | $29,027 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $29,027 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,299,925 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,980,684 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $31,379 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $329,798 | TotalAmt |
| Program Services | $290,682 | ProgramServicesAmt |
| Management And General | $23,882 | ManagementAndGeneralAmt |
| Fundraising | $15,234 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,255,959 | TotalAmt |
| Program Services | $2,869,790 | ProgramServicesAmt |
| Management And General | $235,774 | ManagementAndGeneralAmt |
| Fundraising | $150,395 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,116 | TotalAmt |
| Program Services | $122,616 | ProgramServicesAmt |
| Management And General | $10,074 | ManagementAndGeneralAmt |
| Fundraising | $6,426 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,021 | TotalAmt |
| Program Services | $240,640 | ProgramServicesAmt |
| Management And General | $19,770 | ManagementAndGeneralAmt |
| Fundraising | $12,611 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,964 | TotalAmt |
| Program Services | $46,189 | ProgramServicesAmt |
| Management And General | $5,437 | ManagementAndGeneralAmt |
| Fundraising | $7,338 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,247 | TotalAmt |
| Program Services | $105,943 | ProgramServicesAmt |
| Management And General | $12,473 | ManagementAndGeneralAmt |
| Fundraising | $16,831 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,023,532 | TotalAmt |
| Program Services | $1,976,947 | ProgramServicesAmt |
| Management And General | $38,967 | ManagementAndGeneralAmt |
| Fundraising | $7,618 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $364,859 | TotalAmt |
| Program Services | $314,464 | ProgramServicesAmt |
| Management And General | $14,699 | ManagementAndGeneralAmt |
| Fundraising | $35,696 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,828 | TotalAmt |
| Program Services | $26,950 | ProgramServicesAmt |
| Management And General | $4,829 | ManagementAndGeneralAmt |
| Fundraising | $2,049 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,324 | TotalAmt |
| Program Services | $50,867 | ProgramServicesAmt |
| Management And General | $4,909 | ManagementAndGeneralAmt |
| Fundraising | $3,548 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $969,265 | TotalAmt |
| Program Services | $851,591 | ProgramServicesAmt |
| Management And General | $114,557 | ManagementAndGeneralAmt |
| Fundraising | $3,117 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,205 | TotalAmt |
| Program Services | $144,610 | ProgramServicesAmt |
| Management And General | $5,671 | ManagementAndGeneralAmt |
| Fundraising | $15,924 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,797 | TotalAmt |
| Program Services | $16,568 | ProgramServicesAmt |
| Management And General | $2,969 | ManagementAndGeneralAmt |
| Fundraising | $1,260 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,340 | TotalAmt |
| Program Services | $16,187 | ProgramServicesAmt |
| Management And General | $11,750 | ManagementAndGeneralAmt |
| Fundraising | $1,403 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,638 | TotalAmt |
| Program Services | $41,651 | ProgramServicesAmt |
| Management And General | $22,957 | ManagementAndGeneralAmt |
| Fundraising | $3,030 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,475 | TotalAmt |
| Program Services | $42,672 | ProgramServicesAmt |
| Management And General | $6,779 | ManagementAndGeneralAmt |
| Fundraising | $5,024 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| BAD DEBT EXPENSE | $169,865 | $155,702 | $13,657 | $506 |
| SOFTWARE / ONLINE SOFTW | $44,098 | $35,132 | $6,295 | $2,671 |
| BANK / MERCHANT FEES | $31,135 | $24,804 | $4,445 | $1,886 |
| OTHER EXPENSES | $30,179 | $27,042 | $2,749 | $388 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,489 | TotalAmt |
| Program Services | $55,261 | ProgramServicesAmt |
| Management And General | $6,915 | ManagementAndGeneralAmt |
| Fundraising | $3,313 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,322,134 | TotalAmt |
| Program Services | $7,456,308 | ProgramServicesAmt |
| Management And General | $569,558 | ManagementAndGeneralAmt |
| Fundraising | $296,268 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $928,755 | BOYAmt |
| EOY | $2,200,240 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,401,219 | BOYAmt |
| EOY | $2,615,820 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $131,235 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,696 | BOYAmt |
| EOY | $221,484 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,351 | BOYAmt |
| EOY | $78,629 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $221,994 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $120,921 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,828 | BOYAmt |
| EOY | $101,073 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $61,324 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,535,849 | BOYAmt |
| EOY | $5,409,805 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $890,700 | BOYAmt |
| EOY | $984,000 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $367,381 | BOYAmt |
| EOY | $225,793 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,900 | BOYAmt |
| EOY | $276,353 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,589,981 | BOYAmt |
| EOY | $1,486,146 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $519,500 | BOYAmt |
| EOY | $1,166,531 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,426,368 | BOYAmt |
| EOY | $2,757,128 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,945,868 | BOYAmt |
| EOY | $3,923,659 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,535,849 | BOYAmt |
| EOY | $5,409,805 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,977,791 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,557,021 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,769,682 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,885,588 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,059,310 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,287,862 | CurrentTaxYearAmt |
| Total | $19,559,463 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,557,021 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,769,682 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,885,588 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,059,310 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,287,862 | CurrentTaxYearAmt |
| Total | $19,559,463 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $442,789 | SubstantialContributorsTotAmt |
| Public Support Total170 | $19,116,674 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $121 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | -$10,050 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,694 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,830 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,352 | CurrentTaxYearAmt |
| Total | -$4,053 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $29,027 | CurrentTaxYearAmt |
| Total | $29,027 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $19,584,437 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $15,180,124 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97610 | PublicSupportCY170Pct |
| Public Support PY170 | 0.97730 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $221,994 | OtherCostOrOtherBasisAmt |
| Depreciation | $120,921 | DepreciationAmt |
| Book Value | $101,073 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $101,073 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $11,127,925 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $828,000 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $828,000 | RevenueNotReportedAmt |
| Revenue Subtotal | $10,299,925 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $10,299,925 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,150,134 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $828,000 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $828,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,322,134 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $8,322,134 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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, 2019, 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATHEW PETERSEN | PersonNm |
| Title | PRESIDENT AND CEO | TitleTxt |
| Base Compensation Filing Org | $273,425 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $42,500 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $13,872 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $329,797 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT COMMITTEE REVIEWS ORGANIZATION FINANCIALS QUARTERLY, REVIEWS REPORTS AND RECOMMENDATIONS FROM THE ORGANIZATION'S SELECTED FIRM PROVIDING TAX AND AUDIT SERVICES ANNUALLY, AND REVIEWS IRS FORM 990 PRIOR TO FILING. |
| 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 DURING EACH OF THEIR MEETINGS. |
| 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 FULL PROCESS IS DESCRIBED IN THE MINUTES OF THE ANNUAL MEETING OF THE BOARD OF DIRECTORS OF LOS ANGELES CLEANTECH INCUBATOR. THE NEXT REVIEW WILL BE HELD IN JULY 2020. |
| 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 1,715,917. MANAGEMENT AND GENERAL EXPENSES 38,967. FUNDRAISING EXPENSES 7,618. TOTAL EXPENSES 1,762,502. CONSULTING FEES: PROGRAM SERVICE EXPENSES 261,030. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 261,030. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LACI IMPACT GP LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 S HEWITT STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841882847 | EIN |
| Primary Activities | INVESTMENT | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Predominant Income Type | INVESTMENT | PredominantIncomeTypeTxt |
| Disproportionate Allocations | Yes (1) | DisproportionateAllocationsInd |
| General Or Managing Partner | Yes (1) | GeneralOrManagingPartnerInd |
| Ownership | 0.50000 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LACI IMPACT GP LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | L | TransactionTypeTxt |
| Involved | $56,389 | InvolvedAmt |
| Method Of Amount Determination | ACTUAL COST | MethodOfAmountDeterminationTxt |