LOS ANGELES CLEANTECH INCUBATOR: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- LOS ANGELES CLEANTECH INCUBATOR (EIN 45-4998717)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-13
- IRS object ID
- 202523179349311782
- Schema version
- 2024v5.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-13T19:16:32-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 953001179 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINDES INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2050 MAIN ST STE 1300 | AddressLine1Txt |
| City | IRVINE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92614 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | 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 | MATHEW PETERSEN | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 2133586500 | PhoneNum |
| Signature | 2025-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ELEANOR A LIVINGSTON CPA MST | PreparerPersonNm |
| PTIN | P00226461 | PTIN |
| Phone | 9498529433 | PhoneNum |
| Preparation | 2025-11-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | 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 | $11,091,686 | 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 PROCESS AND TECHNOLOGIES REGARDING THE SUSTAINABLE CONSUMPTION OF NATURAL RESOURCES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 79 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $10,000 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $24,055,726 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,493,278 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,910,553 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,149,620 | CYProgramServiceRevenueAmt |
| PY Investment Income | $446,050 | PYInvestmentIncomeAmt |
| CY Investment Income | $419,705 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$70,522 | PYOtherRevenueAmt |
| CY Other Revenue | -$34,200 | CYOtherRevenueAmt |
| PY Total Revenue | $26,341,807 | PYTotalRevenueAmt |
| CY Total Revenue | $11,028,403 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $38,500 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $505,405 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,544,096 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,728,844 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,025,792 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,186,457 | PYOtherExpensesAmt |
| CY Other Expenses | $9,541,050 | CYOtherExpensesAmt |
| PY Total Expenses | $17,769,053 | PYTotalExpensesAmt |
| CY Total Expenses | $17,775,299 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,572,754 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$6,746,896 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $22,248,258 | TotalAssetsBOYAmt |
| Total Assets EOY | $17,370,598 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,375,264 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,844,500 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,872,994 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,526,098 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE ORGANIZATION WAS FORMED TO PERFORM AND CARRY OUT EXPRESSLY CHARITABLE PURPOSES. 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 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 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 | $4,687,545 | ExpenseAmt |
| Grant | $5,405 | GrantAmt |
| Desc | MARKET TRANSFORMATION: TO ACCELERATE SYSTEM CHANGE ACROSS ZERO EMISSIONS TRANSPORTATION, CLEAN ENERGY, AND SUSTAINABLE CITIES, LACI CONVENES PUBLIC-PRIVATE PARTNERSHIPS TO ALIGN KEY STAKEHOLDERS ON AMBITIOUS REGIONAL GOALS AND ADVANCE PROGRESS TOWARDS THOSE GOALS BY PURSUING BOLD TARGETS, PILOTS, AND POLICIES THAT ARE EQUITY-DRIVEN, CREATE QUALITY JOBS, AND GROW THE ECONOMY. IN 2018, LACI FIRST 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 IN THE GREATER LA REGION IN ADVANCE OF THE 2028 OLYMPIC AND PARALYMPIC GAMES. IN 2023, WE LAUNCHED THE CLEAN ENERGY PARTNERSHIP TO ACCELERATE THE REDUCTION OF GHG EMISSIONS IN THE LA REGION BY AN ADDITIONAL 15% ACROSS THE ELECTRICITY, BUILDING, AND TRANSPORTATION SECTORS BY 2028. SINCE 2019, LACI HAS DEVELOPED AND IMPLEMENTED CLEANTECH PILOTS WITH AND IN COMMUNITIES THROUGHOUT LA COUNTY (FOR EXAMPLE: SAN PEDRO, SOUTH CENTRAL, PACOIMA), TESTING MARKET-READY TECHNOLOGY AND BUSINESS MODEL INNOVATIONS TO MEET COMMUNITY NEEDS, AND SURFACING LEARNINGS TO SCALE THOSE SOLUTIONS MORE WIDELY. FOR INSTANCE, IN 2024, LACI SUCCESSFULLY CONCLUDED THE PILOT PHASE OF OUR POPULAR E-BIKE LENDING LIBRARY IN WATTS, WILLOWBROOK AND COMPTON, TURNING THE OWNERSHIP OF THE LONG-TERM SERVICE OVER TO OUR PARTNER. DURING THE 18-MONTH PILOT, COMMUNITY MEMBERS ACCUMULATED 23,000+ VEHICLE MILES TRAVELED ON THE 84-BIKE FLEET, AND 9 PEOPLE REPLACED THEIR CARS WITH E-BIKES. IN 2024, LACI ALSO LAUNCHED THE FIRST COHORT OF OUR CITY CLIMATE INNOVATION CHALLENGE, A PROGRAM TO HELP CITIES ACROSS THE COUNTRY INCORPORATE INNOVATION TO ACHIEVE CLIMATE GOALS RELATED TO SPECIFIC PRIORITY TOPICS; THE FIRST COHORT INCLUDES 9 CITIES FOCUSED ON ADVANCING A VARIETY OF ZERO EMISSION DELIVERY SOLUTIONS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,442,450 | ExpenseAmt |
| Grant | $500,000 | GrantAmt |
| Revenue | $47,000 | RevenueAmt |
| Desc | UNLOCKING INNOVATION: LACI INCUBATES AND ACCELERATES CLEANTECH STARTUPS AND HELPS COMMERCIALIZE THEIR TECHNOLOGIES BY PROVIDING 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. IN 2024, LACI WELCOMED 57 COMPANIES INTO OUR PROGRAMS, MANY OF WHICH RECEIVED FUNDING AND SUPPORT FROM LACI TO DEPLOY PILOTS DESIGNED TO ADVANCE THE COMMERCIALIZATION OF THEIR TECHNOLOGIES. FOR EXAMPLE, FEMALE-FOUNDED THERMOSHADE SHOWCASED THE PASSIVE COOLING EFFECT THEIR SHADING STRUCTURE CAN PROVIDE IN REAL-LIFE SETTINGS, PROVING THEIR STRUCTURE CREATES A 20F COOLER ENVIRONMENT THAN UNDER A CANVAS AWNING, AND LEADING TO PROJECTS WITH A LOCAL SCHOOL AND DAIRY FARM. IN ANOTHER EXAMPLE, STARTUP SYMMETRY WOOD WORKED OUT OF THE ADVANCED PROTOTYPING CENTER (APC) AT THE LA KRETZ INNOVATION CAMPUS TO CREATE THE FIRST-EVER GUITAR MADE WITH THEIR TECHNOLOGY, PYRUS (WOOD-LIKE MATERIAL MADE FROM KOMBUCHA WASTE) IN THE FRET/FINGERBOARD. THROUGH PILOTS SUCH AS THESE, STARTUPS CONDUCT HANDS-ON EXPERIMENTATION AND DATA-DRIVEN ANALYSIS, ACCELERATING THE DEVELOPMENT OF BREAKTHROUGH TECHNOLOGIES THAT HAVE THE POTENTIAL TO REVOLUTIONIZE THE CLEANTECH LANDSCAPE. MOREOVER, THESE EXAMPLES ARE ILLUSTRATIVE OF THE WAY UNLOCKING INNOVATION WORKS COLLABORATIVELY ACROSS THE OTHER PILLARS - AND LEVERAGES THE LKIC FACILITY - TO ADVANCE OUR FOUNDER-FACING GOALS AND OBJECTIVES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,916,687 | ExpenseAmt |
| Desc | ENHANCING COMMUNITY: LACI FOCUSES ON CREATING EQUITABLE PATHWAYS INTO THE GREEN ECONOMY THROUGH A NUMBER OF PROGRAMS. LACI'S GREEN JOBS WORKFORCE DEVELOPMENT PROGRAMS PROVIDE UN/UNDEREMPLOYED PARTICIPANTS FROM UNDERSERVED COMMUNITIES WITH TECHNICAL TRAINING, INDUSTRY-RECOGNIZED CERTIFICATIONS, CAREER COACHING, AND PAID INTERNSHIPS WITH OUR LACI STARTUPS AND PARTNER ORGANIZATIONS. SINCE LACI LAUNCHED OUR GREEN JOBS WORKFORCE DEVELOPMENT PROGRAMS IN 2019, WE HAVE TRAINED OVER 500 PARTICIPANTS (AVERAGE 88% PEOPLE OF COLOR; 37% WOMEN, 6% JUSTICE IMPACTED). ON AVERAGE, 75% OF PARTICIPANTS HAVE BEEN PLACED IN PAID INTERNSHIPS, WELL-PAYING JOBS (STARTING SALARIES OF AT LEAST $20/HOUR OR $41,600 ANNUAL SALARY), OR POST-SECONDARY EDUCATION. LACI ALSO HOSTS GENDER-EQUITY FOCUSED PROGRAMS, INCLUDING OUR WOMEN IN CLEANTECH PROGRAM FOCUSED ON RECRUITING AND SUPPORTING MORE WOMEN IN ACCELERATING THEIR CLEANTECH SOLUTIONS, SECTOR EXPERTISE, AND CAREER GROWTH. LACI ALSO LEADS A MIDDLE SCHOOL GIRLS IN STEM PROGRAM FOCUSED ON INSPIRING GIRLS TO LEARN MORE ABOUT THE CLIMATE CRISIS AT A YOUNG AGE, FIND THEIR AGENCY AS PROBLEM-SOLVERS, AND EXPLORE FUTURE CAREER PATHWAYS AT THE INTERSECTION OF STEM + SUSTAINABILITY. IN 2024, LACI LED FOUR WORKFORCE TRAINING PROGRAMS FOCUSED ON BUILDING ENERGY MANAGEMENT SYSTEMS, SUPPLY CHAIN & LOGISTICS, EV CHARGING STATION MAINTENANCE, AND PRODUCT MANUFACTURING. WE ALSO LAUNCHED OUR GREEN JOBS REGIONAL PARTNERSHIP, CONVENING KEY STAKEHOLDERS TO DEVELOP A WORKFORCE NEEDS ASSESSMENT & TRAINING LANDSCAPE. FINALLY, IN 2024 WE LAUNCHED THE SOUTH LA MULTI-MANUFACTURER EV CHARGER RELIABILITY HUB, TOGETHER WITH LACI ALUMNI COMPANY CHARGERHELP! | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,656,746 | ExpenseAmt |
| Revenue | $2,102,620 | RevenueAmt |
| Desc | LACI STEWARDSHIP OF LA KRETZ INNOVATION CAMPUS (LKIC): ON BEHALF OF THE CITY OF LOS ANGELES AND LADWP, LACI IS PROUD TO STEWARD 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. NOTABLY, IN 2024 LACI WAS ABLE TO INCREASE VISITOR ACTIVITY ON CAMPUS BY 147%, RAISING THE NUMBER OF ANNUAL VISITORS FROM ROUGHLY 6700 TO ALMOST 16,000 VISITORS IN 2024. LACI ALSO RECONFIGURED ITS PRODUCT OFFERINGS FOR THE LKIC COWORKING SPACE, RESULTING IN AN 82% OCCUPANCY RATE (UP FROM JUST OVER 60% IN THE PRIOR YEAR). OUR 82% OCCUPANCY RATE IS IN COMPARISON TO ROUGHLY 70% OCCUPANCY RATE IN THE SURROUNDING AREA (COMMERCIAL AND OFFICE). | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,656,746 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $2,102,620 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $15,703,428 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | 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 | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | 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 | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | 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 | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 255 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 79 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| 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 | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | 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 |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHELLE KINMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3106218935 | 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 (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JIM CASSLEBERRY | ||||||||
| CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DAVID NAHAI | ||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SARAH RIENHOFF | ||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ALLISON HOLMES | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARY LESLIE | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL JENNINGS | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL TELLALIAN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ALFRED FRAIJO | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BRETT HAUSER | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LIZ HELLER | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ZUBIN DAVAR | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MATHEW PETERSEN | ||||||||
| PRESIDENT AND CEO | 40.00 | Yes (X) | $494,774 | $0 | $36,452 | |||
| BEN STILP | ||||||||
| EXECUTIVE VP, OPERATIONS & FINANCE | 40.00 | Yes (X) | $239,205 | $0 | $18,366 | |||
| AMANDA SABICER | ||||||||
| EXECUTIVE VICE PRESIDENT | 40.00 | $274,995 | $0 | $37,637 | Yes (X) | |||
| ESTELLE REYES | ||||||||
| SR. VP, ENHANCING COMMUNITIES | 40.00 | $217,996 | $0 | $17,509 | Yes (X) | |||
| MICHELLE KINMAN | ||||||||
| SR. VP, MARKET TRANSFORMATION | 40.00 | $212,281 | $0 | $30,403 | Yes (X) | |||
| ADRIENNE LINDGREN | ||||||||
| SR. VP, UNLOCKING INNOVATION | 40.00 | $188,204 | $0 | $12,049 | Yes (X) | |||
| JILLIAN MISRACK | ||||||||
| VICE PRESIDENT, DEVELOPMENT | 40.00 | $170,981 | $0 | $19,849 | Yes (X) | |||
| MICHAEL SWORDS | ||||||||
| VICE PRESIDENT, GOVERNMENT AFFAIRS | 40.00 | $157,034 | $0 | $4,306 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,955,470 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $176,571 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 22 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CARNEGIE MELLON UNIVERSITY | |||||
| 5000 FORBES AVENUE | PITTSBURGH | PA | 15213 | PROGRAM SUPPORT - MARKET TRANSFORMATION | $228,803 |
| MASTERCORP COMMERCIAL SERVICES LLC | |||||
| PO BOX 440126 | NASHVILLE | TN | 37244 | PROGRAM SUPPORT - LAKRETZ INNOVATION CAM | $215,587 |
| RIDE ON BIKE SHOP | |||||
| 4319 DEGNAN BLVD | LOS ANGELES | CA | 90008 | PROGRAM SUPPORT - MARKET TRANSFORMATION | $211,750 |
| FRONTLINE LLC | |||||
| 6711 FOREST LAWN DRIVE SUITE 206 | LOS ANGELES | CA | 90068 | OPERATIONS & PROGRAMS (LKIC) SUPPORT - I | $206,026 |
| ALLIED UNIVERSAL SECURITY SERVICES | |||||
| PO BOX 31001-2374 | PASADENA | CA | 91110 | PROGRAM SUPPORT - LAKRETZ INNOVATION CAM | $200,951 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 14 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $100,783 | FundraisingAmt |
| Government Grants | $5,600,467 | GovernmentGrantsAmt |
| All Other Contributions | $2,792,028 | AllOtherContributionsAmt |
| Noncash Contributions | $150,000 | NoncashContributionsAmt |
| Total Contributions | $8,493,278 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LA KRETZ INNOVATION CAMPUS | 900099 | $2,102,620 | $2,102,620 |
| PROGRAM FEES | 900099 | $47,000 | $47,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,149,620 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $419,705 | TotalRevenueColumnAmt |
| Exclusion | $419,705 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $17,500 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $100,783 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $63,283 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$45,783 | TotalRevenueColumnAmt |
| Exclusion | -$45,783 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| GP MANAGEMENT FEES | 561499 | $10,000 | $10,000 | |
| OTHER INCOME | 900099 | $1,583 | $1,583 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $11,583 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,028,403 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,149,620 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $10,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $375,505 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $505,405 | TotalAmt |
| Program Services | $505,405 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,080,220 | TotalAmt |
| Program Services | $912,137 | ProgramServicesAmt |
| Management And General | $59,269 | ManagementAndGeneralAmt |
| Fundraising | $108,814 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,549,362 | TotalAmt |
| Program Services | $4,677,630 | ProgramServicesAmt |
| Management And General | $313,679 | ManagementAndGeneralAmt |
| Fundraising | $558,053 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $193,786 | TotalAmt |
| Program Services | $166,655 | ProgramServicesAmt |
| Management And General | $7,263 | ManagementAndGeneralAmt |
| Fundraising | $19,868 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $444,550 | TotalAmt |
| Program Services | $382,656 | ProgramServicesAmt |
| Management And General | $16,274 | ManagementAndGeneralAmt |
| Fundraising | $45,620 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $460,926 | TotalAmt |
| Program Services | $396,102 | ProgramServicesAmt |
| Management And General | $17,215 | ManagementAndGeneralAmt |
| Fundraising | $47,609 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,119 | TotalAmt |
| Program Services | $112,952 | ProgramServicesAmt |
| Management And General | $10,272 | ManagementAndGeneralAmt |
| Fundraising | $10,895 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,605 | TotalAmt |
| Program Services | $50,610 | ProgramServicesAmt |
| Management And General | $4,365 | ManagementAndGeneralAmt |
| Fundraising | $4,630 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,972 | TotalAmt |
| Program Services | $79,006 | ProgramServicesAmt |
| Management And General | $817 | ManagementAndGeneralAmt |
| Fundraising | $1,149 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,394,161 | TotalAmt |
| Program Services | $5,288,645 | ProgramServicesAmt |
| Management And General | $41,736 | ManagementAndGeneralAmt |
| Fundraising | $63,780 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $472,470 | TotalAmt |
| Program Services | $363,270 | ProgramServicesAmt |
| Management And General | $21,275 | ManagementAndGeneralAmt |
| Fundraising | $87,925 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $187,922 | TotalAmt |
| Program Services | $169,968 | ProgramServicesAmt |
| Management And General | $7,533 | ManagementAndGeneralAmt |
| Fundraising | $10,421 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,538 | TotalAmt |
| Program Services | $206,418 | ProgramServicesAmt |
| Management And General | $16,481 | ManagementAndGeneralAmt |
| Fundraising | $17,639 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,539,493 | TotalAmt |
| Program Services | $1,462,531 | ProgramServicesAmt |
| Management And General | $76,962 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $420,851 | TotalAmt |
| Program Services | $386,294 | ProgramServicesAmt |
| Management And General | $10,913 | ManagementAndGeneralAmt |
| Fundraising | $23,644 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,771 | TotalAmt |
| Program Services | $110,352 | ProgramServicesAmt |
| Management And General | $6,955 | ManagementAndGeneralAmt |
| Fundraising | $7,464 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,278 | TotalAmt |
| Program Services | $12,243 | ProgramServicesAmt |
| Management And General | $1,035 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,327 | TotalAmt |
| Program Services | $20,392 | ProgramServicesAmt |
| Management And General | $1,818 | ManagementAndGeneralAmt |
| Fundraising | $1,117 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $255,499 | TotalAmt |
| Program Services | $237,013 | ProgramServicesAmt |
| Management And General | $8,971 | ManagementAndGeneralAmt |
| Fundraising | $9,515 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| BAD DEBT EXPENSE | $416,988 | $416,988 | ||
| SUBS MEMBERSHIP REGISTR | $94,500 | $329 | $93,682 | $489 |
| STAFF DEVELOPMENT | $81,540 | $5,929 | $68,544 | $7,067 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,016 | TotalAmt |
| Program Services | $923 | ProgramServicesAmt |
| Fundraising | $93 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,775,299 | TotalAmt |
| Program Services | $15,703,428 | ProgramServicesAmt |
| Management And General | $1,046,079 | ManagementAndGeneralAmt |
| Fundraising | $1,025,792 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,244,334 | BOYAmt |
| EOY | $206,167 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,424,607 | BOYAmt |
| EOY | $10,375,618 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,944,046 | BOYAmt |
| EOY | $6,108,559 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $472,290 | BOYAmt |
| EOY | $484,882 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,189 | BOYAmt |
| EOY | $152,908 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $300,848 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $272,285 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,078 | BOYAmt |
| EOY | $28,563 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,714 | BOYAmt |
| EOY | $13,901 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,248,258 | BOYAmt |
| EOY | $17,370,598 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,178,049 | BOYAmt |
| EOY | $1,945,608 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $161,591 | BOYAmt |
| EOY | $2,373,846 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,624 | BOYAmt |
| EOY | $25,046 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $500,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,375,264 | BOYAmt |
| EOY | $4,844,500 | 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 | $620,461 | BOYAmt |
| EOY | $274,726 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,252,533 | BOYAmt |
| EOY | $12,251,372 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,872,994 | BOYAmt |
| EOY | $12,526,098 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,248,258 | BOYAmt |
| EOY | $17,370,598 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$6,746,896 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$600,000 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
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 | $6,492,493 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,070,129 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,816,688 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $23,499,985 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,493,278 | CurrentTaxYearAmt |
| Total | $67,372,573 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,492,493 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,070,129 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,816,688 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $23,499,985 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,493,278 | CurrentTaxYearAmt |
| Total | $67,372,573 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $797,460 | SubstantialContributorsTotAmt |
| Public Support Total170 | $66,575,113 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,088 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,266 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,010 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $446,050 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $419,705 | CurrentTaxYearAmt |
| Total | $908,119 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $10,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,000 | CurrentTaxYearAmt |
| Total | $20,000 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $3,956 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $1,583 | CurrentTaxYearAmt |
| Total | $5,539 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $68,306,231 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $9,219,523 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97470 | PublicSupportCY170Pct |
| Public Support PY170 | 0.97910 | 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 C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $80,972 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $80,972 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $16,649,896 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $16,730,868 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $986,543 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $246,636 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $565,771 | CurrentYearMinus3Amt |
| Current Year Minus2 | $791,982 | CurrentYearMinus2Amt |
| Current Year Minus1 | $985,975 | CurrentYearMinus1Amt |
| Current Year | $986,543 | CurrentYearAmt |
| Total | $3,330,271 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $4,995,407 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | $159,176 | CurrentYearMinus1Amt |
| Current Year | $80,972 | CurrentYearAmt |
| Total | $240,148 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $141,443 | CurrentYearMinus3Amt |
| Current Year Minus2 | $197,996 | CurrentYearMinus2Amt |
| Current Year Minus1 | $246,494 | CurrentYearMinus1Amt |
| Current Year | $246,636 | CurrentYearAmt |
| Total | $832,569 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,248,854 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $185,699 | CurrentYearMinus3Amt |
| Current Year Minus2 | $216,288 | CurrentYearMinus2Amt |
| Total | $401,987 | TotalAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $300,848 | OtherCostOrOtherBasisAmt |
| Depreciation | $272,285 | DepreciationAmt |
| Book Value | $28,563 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $28,563 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RELATED PARTY PAYABLE | Desc |
| Amt | $500,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $500,000 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $11,406,403 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $978,000 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$600,000 | OtherRevenueAmt |
| Revenue Not Reported | $378,000 | RevenueNotReportedAmt |
| Revenue Subtotal | $11,028,403 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $11,028,403 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,753,299 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $978,000 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $978,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $17,775,299 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $17,775,299 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2024 AND 2023, 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: | LOSS ON RESTRICTED PLEDGE -600,000. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | LACITIZENS AWARD | Event1Nm |
| Gross Receipts Event1 | $118,283 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $100,783 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $17,500 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $63,283 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $118,283 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $100,783 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $17,500 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $63,283 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $63,283 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$45,783 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LACI IMPACT | 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) |
|---|---|---|
| Recipient EIN | 881472808 | RecipientEIN |
| IRC Section | 501(C)(4) | IRCSectionDesc |
| Cash Grant | $500,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | PROGRAM SUPPORT - INVESTMENTS/STARTUPS | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | WHEN MAKING GRANTS, LACI REQUIRES GRANTEES TO USE FUNDS EXCLUSIVELY FOR APPROVED CHARITABLE PURPOSES. LACI REVIEWS THESE REPORTS TO ENSURE COMPLIANCE, MAY REQUEST ADDITIONAL DOCUMENTATION OR INTERVIEWS, AND RETAINS THE RIGHT TO REVIEW OR AUDIT FINANCIAL RECORDS FOR UP TO FOUR YEARS AFTER GRANT COMPLETION. LACI RESTRICTS CONTRIBUTIONS, AS NECESSARY ASSETS, AND REQUIRES GRANTEES MAINTAIN SEPARATE ACCOUNTING, AND SUBMIT ANNUAL REPORTS DETAILING PROGRAM PROGRESS AND EXPENDITURES. LACI RETAINS THE RIGHT TO REVIEW THESE REPORTS, AND MAY REQUEST ADDITIONAL DOCUMENTATION OR INTERVIEWS TO ENSURE COMPLIANCE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | 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 (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MATHEW PETERSEN | ||||||||||||||
| PRESIDENT AND CEO | $382,274 | $0 | $112,500 | $0 | $0 | $0 | $17,250 | $0 | $19,202 | $0 | $531,226 | $0 | $0 | $0 |
| AMANDA SABICER | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $249,995 | $0 | $25,000 | $0 | $0 | $0 | $11,654 | $0 | $25,983 | $0 | $312,632 | $0 | $0 | $0 |
| BEN STILP | ||||||||||||||
| EXECUTIVE VP, OPERATIONS & FINANCE | $171,129 | $0 | $20,000 | $0 | $48,076 | $0 | $11,750 | $0 | $6,616 | $0 | $257,571 | $0 | $0 | $0 |
| MICHELLE KINMAN | ||||||||||||||
| SR. VP, MARKET TRANSFORMATION | $199,281 | $0 | $13,000 | $0 | $0 | $0 | $10,614 | $0 | $19,789 | $0 | $242,684 | $0 | $0 | $0 |
| ESTELLE REYES | ||||||||||||||
| SR. VP, ENHANCING COMMUNITIES | $207,075 | $0 | $10,921 | $0 | $0 | $0 | $8,240 | $0 | $9,269 | $0 | $235,505 | $0 | $0 | $0 |
| ADRIENNE LINDGREN | ||||||||||||||
| SR. VP, UNLOCKING INNOVATION | $183,204 | $0 | $5,000 | $0 | $0 | $0 | $0 | $0 | $12,049 | $0 | $200,253 | $0 | $0 | $0 |
| JILLIAN MISRACK | ||||||||||||||
| VICE PRESIDENT, DEVELOPMENT | $160,781 | $0 | $10,200 | $0 | $0 | $0 | $8,549 | $0 | $11,300 | $0 | $190,830 | $0 | $0 | $0 |
| MICHAEL SWORDS | ||||||||||||||
| VICE PRESIDENT, GOVERNMENT AFFAIRS | $148,914 | $0 | $8,120 | $0 | $0 | $0 | $4,011 | $0 | $295 | $0 | $161,340 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4A | FormAndLineReferenceDesc |
| Explanation | BEN STILP RECEIVED A SEVERANCE PAYMENT OF $48,076. | ExplanationTxt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | VOUCHER CREDITS | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $150,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | COST | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBERS REPORTED IN COLUMN (B) REPRESENT THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 | SUBCONTRACTOR: PROGRAM SERVICE EXPENSES 3,032,429. MANAGEMENT AND GENERAL EXPENSES 3,237. FUNDRAISING EXPENSES 25,097. TOTAL EXPENSES 3,060,763. STIPENDS: PROGRAM SERVICE EXPENSES 1,365,339. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,365,339. BUSINESS SUPPORT SERVICES: PROGRAM SERVICE EXPENSES 172,938. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 172,938. CONSULTANTS IN RESIDENCE: PROGRAM SERVICE EXPENSES 290,372. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 290,372. OTHER OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 409,377. MANAGEMENT AND GENERAL EXPENSES 37,692. FUNDRAISING EXPENSES 36,670. TOTAL EXPENSES 483,739. PAYROLL ADMIN FEES: PROGRAM SERVICE EXPENSES 18,190. MANAGEMENT AND GENERAL EXPENSES 807. FUNDRAISING EXPENSES 2,013. TOTAL EXPENSES 21,010. |
| FORM 990, PART XI, LINE 9: | LOSS ON RESTRICTED PLEDGE -600,000. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LACI IMPACT FUND GP II LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 SOUTH HEWITT STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 882163146 | EIN |
| Primary Activities | INVESTMENT MANAGEMENT | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Total Income | $0 | TotalIncomeAmt |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOS ANGELES CLEANTHECH INCUBATOR | BusinessNameLine1Txt |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LACI IMPACT GP LLC | |||||||||||
| 525 S HEWITT STREET | LOS ANGELES | CA | 90013 | 841882847 | INVESTMENT | CA | LOS ANGELES CLEANTECH INCUBATOR | INVESTMENT | 0 | Yes (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 | Yes (1) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | 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 | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |