2025-11-13T19:16:32-06:00 2024-12-31 953001179 WINDES INC 2050 MAIN ST STE 1300 IRVINE CA 92614 990 2024-01-01 454998717 LOS ANGELES CLEANTECH INCUBATOR LOSA 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 MATHEW PETERSEN PRESIDENT AND CEO 2133586500 2025-11-10 1 1 ELEANOR A LIVINGSTON CPA MST P00226461 9498529433 2025-11-10 2024 2025-03-06 01:10:19Z MATHEW PETERSEN 525 S HEWITT STREET LOS ANGELES CA 90013 11091686 0 X WWW.LAINCUBATOR.ORG X 2012 CA TO FOCUS THE PRIVATE AND PUBLIC SECTORS ON THE PROCESS AND TECHNOLOGIES REGARDING THE SUSTAINABLE CONSUMPTION OF NATURAL RESOURCES. 11 11 79 12 10000 0 24055726 8493278 1910553 2149620 446050 419705 -70522 -34200 26341807 11028403 38500 505405 0 0 7544096 7728844 0 0 1025792 10186457 9541050 17769053 17775299 8572754 -6746896 22248258 17370598 2375264 4844500 19872994 12526098 X 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"). 0 0 4687545 5405 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. 4442450 500000 47000 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. 3916687 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! 2656746 2102620 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). 2656746 2102620 15703428 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 255 0 1 79 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MICHELLE KINMAN 3106218935 525 S HEWITT STREET LOS ANGELES CA 90013 JIM CASSLEBERRY CHAIRPERSON 1.00 X X 0 0 0 DAVID NAHAI TREASURER 1.00 X X 0 0 0 SARAH RIENHOFF SECRETARY 1.00 X X 0 0 0 ALLISON HOLMES BOARD MEMBER 1.00 X 0 0 0 MARY LESLIE BOARD MEMBER 1.00 X 0 0 0 PAUL JENNINGS BOARD MEMBER 1.00 X 0 0 0 DANIEL TELLALIAN BOARD MEMBER 1.00 X 0 0 0 ALFRED FRAIJO BOARD MEMBER 1.00 X 0 0 0 BRETT HAUSER BOARD MEMBER 1.00 X 0 0 0 LIZ HELLER BOARD MEMBER 1.00 X 0 0 0 ZUBIN DAVAR BOARD MEMBER 1.00 X 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 40.00 X 494774 0 36452 BEN STILP EXECUTIVE VP, OPERATIONS & FINANCE 40.00 X 239205 0 18366 AMANDA SABICER EXECUTIVE VICE PRESIDENT 40.00 X 274995 0 37637 ESTELLE REYES SR. VP, ENHANCING COMMUNITIES 40.00 X 217996 0 17509 MICHELLE KINMAN SR. VP, MARKET TRANSFORMATION 40.00 X 212281 0 30403 ADRIENNE LINDGREN SR. VP, UNLOCKING INNOVATION 40.00 X 188204 0 12049 JILLIAN MISRACK VICE PRESIDENT, DEVELOPMENT 40.00 X 170981 0 19849 MICHAEL SWORDS VICE PRESIDENT, GOVERNMENT AFFAIRS 40.00 X 157034 0 4306 1955470 0 176571 22 0 1 0 CARNEGIE MELLON UNIVERSITY 5000 FORBES AVENUE PITTSBURGH PA 15213 PROGRAM SUPPORT - MARKET TRANSFORMATION 228803 MASTERCORP COMMERCIAL SERVICES LLC PO BOX 440126 NASHVILLE TN 37244 PROGRAM SUPPORT - LAKRETZ INNOVATION CAM 215587 RIDE ON BIKE SHOP 4319 DEGNAN BLVD LOS ANGELES CA 90008 PROGRAM SUPPORT - MARKET TRANSFORMATION 211750 FRONTLINE LLC 6711 FOREST LAWN DRIVE SUITE 206 LOS ANGELES CA 90068 OPERATIONS & PROGRAMS (LKIC) SUPPORT - I 206026 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 PROGRAM SUPPORT - LAKRETZ INNOVATION CAM 200951 14 100783 5600467 2792028 150000 8493278 LA KRETZ INNOVATION CAMPUS 900099 2102620 2102620 PROGRAM FEES 900099 47000 47000 2149620 419705 419705 17500 100783 63283 -45783 -45783 GP MANAGEMENT FEES 561499 10000 10000 OTHER INCOME 900099 1583 1583 11583 11028403 2149620 10000 375505 X 505405 505405 1080220 912137 59269 108814 5549362 4677630 313679 558053 193786 166655 7263 19868 444550 382656 16274 45620 460926 396102 17215 47609 134119 112952 10272 10895 59605 50610 4365 4630 80972 79006 817 1149 5394161 5288645 41736 63780 472470 363270 21275 87925 187922 169968 7533 10421 240538 206418 16481 17639 1539493 1462531 76962 420851 386294 10913 23644 124771 110352 6955 7464 13278 12243 1035 23327 20392 1818 1117 255499 237013 8971 9515 BAD DEBT EXPENSE 416988 416988 SUBS MEMBERSHIP REGISTR 94500 93682 329 489 STAFF DEVELOPMENT 81540 68544 5929 7067 1016 923 93 17775299 15703428 1046079 1025792 1244334 206167 13424607 10375618 6944046 6108559 472290 484882 97189 152908 300848 272285 42078 28563 23714 13901 22248258 17370598 2178049 1945608 161591 2373846 35624 25046 0 500000 2375264 4844500 X 620461 274726 19252533 12251372 19872994 12526098 22248258 17370598 X -6746896 -600000 X 0 1 X 1 1 1 X 6492493 9070129 19816688 23499985 8493278 67372573 6492493 9070129 19816688 23499985 8493278 67372573 797460 66575113 3088 2266 37010 446050 419705 908119 10000 10000 20000 3956 1583 5539 68306231 9219523 0.97470 0.97910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80972 80972 16649896 16730868 986543 246636 0 0 565771 791982 985975 986543 3330271 4995407 159176 80972 240148 141443 197996 246494 246636 832569 1248854 185699 216288 401987 300848 272285 28563 28563 RELATED PARTY PAYABLE 500000 500000 X 11406403 978000 -600000 378000 11028403 0 11028403 18753299 978000 978000 17775299 0 17775299 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. LACITIZENS AWARD 118283 100783 17500 63283 118283 100783 17500 63283 63283 -45783 1 LACI IMPACT 525 S HEWITT STREET LOS ANGELES CA 90013 881472808 501(C)(4) 500000 0 PROGRAM SUPPORT - INVESTMENTS/STARTUPS 1 PART I, LINE 2: 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. X 1 0 0 0 0 0 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 382274 0 112500 0 0 0 17250 0 19202 0 531226 0 0 0 AMANDA SABICER EXECUTIVE VICE PRESIDENT 249995 0 25000 0 0 0 11654 0 25983 0 312632 0 0 0 BEN STILP EXECUTIVE VP, OPERATIONS & FINANCE 171129 0 20000 0 48076 0 11750 0 6616 0 257571 0 0 0 MICHELLE KINMAN SR. VP, MARKET TRANSFORMATION 199281 0 13000 0 0 0 10614 0 19789 0 242684 0 0 0 ESTELLE REYES SR. VP, ENHANCING COMMUNITIES 207075 0 10921 0 0 0 8240 0 9269 0 235505 0 0 0 ADRIENNE LINDGREN SR. VP, UNLOCKING INNOVATION 183204 0 5000 0 0 0 0 0 12049 0 200253 0 0 0 JILLIAN MISRACK VICE PRESIDENT, DEVELOPMENT 160781 0 10200 0 0 0 8549 0 11300 0 190830 0 0 0 MICHAEL SWORDS VICE PRESIDENT, GOVERNMENT AFFAIRS 148914 0 8120 0 0 0 4011 0 295 0 161340 0 0 0 PART I, LINE 4A BEN STILP RECEIVED A SEVERANCE PAYMENT OF $48,076. X VOUCHER CREDITS 1 150000 COST 0 0 0 PART I, COLUMN (B): THE NUMBERS REPORTED IN COLUMN (B) REPRESENT THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. 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. LACI IMPACT FUND GP II LLC 525 SOUTH HEWITT STREET LOS ANGELES CA 90013 882163146 INVESTMENT MANAGEMENT CA 0 0 LOS ANGELES CLEANTHECH INCUBATOR LACI IMPACT GP LLC 525 S HEWITT STREET LOS ANGELES CA 90013 841882847 INVESTMENT CA LOS ANGELES CLEANTECH INCUBATOR INVESTMENT 0 1 0.50000 LACI IMPACT FUND LLC 525 S HEWITT STREET LOS ANGELES CA 90013 841898172 INVESTMENT CA LACI IMPACT GP LLC INVESTMENT 0 0 0.50000 LACI CLEANTECH DEBT FUND LP 525 S HEWITT STREET LOS ANGELES CA 90013 882163609 INVESTMENT CA LACI IMPACT FUND II LLC INVESTMENT 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0