2022-11-15T10:27:53-06:00 2021-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2021-01-01 454998717 LOS ANGELES CLEANTECH INCUBATOR LOSA 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 BENJAMIN STILP EXECUTIVE VICE PRESIDENT 2133586500 2022-11-12 1 BENJAMIN STILP 999009999 NAZANIN BENYAMINI P00666808 3104773924 2022-11-12 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MATHEW PETERSEN 525 S HEWITT STREET LOS ANGELES CA 90013 10423703 0 X WWW.LAINCUBATOR.ORG X 2012 CA TO FOCUS THE PRIVATE AND PUBLIC SECTORS ON THE PROCESSES AND TECHNOLOGIES REGARDING THE SUSTAINABLE CONSUMPTION OF OUR NATURAL RESOURCES. 11 10 69 30 100000 0 6492493 9070129 1744627 1237189 3088 2266 100000 103956 8340208 10413540 150550 28932 0 0 4595903 5413117 0 0 650654 4683643 3773069 9430096 9215118 -1089888 1198422 4675991 5220683 1784585 1130855 2891406 4089828 X THE ORGANIZATION WAS FORMED TO PERFORM AND CARRY OUT EXPRESSLY CHARITABLE FUNCTIONS. THE SPECIFIC EXEMPT PURPOSES OF THE ORGANIZATION ARE (I) TO ACCELERATE THE COMMERCIALIZATION OF CLEAN TECHNOLOGIES BY PROVIDING SUPPORT, EDUCATION, WORKFORCE TRAINING, MENTORSHIP AND NETWORKING FOR NON-PROFIT AND FOR-PROFIT START-UP CLEAN TECHNOLOGY COMPANIES LOCATED IN THE REGION OF LOS ANGELES, CALIFORNIA; (II) TO CONSERVE THE NATURAL ENVIRONMENT AND PROMOTE THE ECOLOGICALLY SOUND AND SUSTAINABLE USE OF ENVIRONMENTAL RESOURCES; (III) TO LESSEN THE BURDENS OF GOVERNMENT THROUGH ADVANCEMENT OF ECONOMIC OPPORTUNITIES IN THE AREA OF CLEAN TECHNOLOGY; AND (IV) TO ENGAGE IN ANY AND ALL OTHER CHARITABLE, ELEEMOSYNARY, AND EDUCATIONAL ACTIVITIES PERMITTED TO AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). 0 0 2931606 28932 MARKET TRANSFORMATION - TO ACCELERATE SYSTEM CHANGE ON KEY INITIATIVES ACROSS TRANSPORTATION AND MOBILITY, ENERGY AND SUSTAINABLE CITIES, LACI HAS INITIATED PUBLIC SECTOR, INDUSTRY AND CORPORATE PARTNERSHIPS AND WORKING RELATIONSHIPS TO IDENTIFY AND DRIVE THE COMMERCIALIZATION OF CLEANTECH AND SUSTAINABLE SOLUTIONS AND REDUCE REAL, AND PERCEIVED, CLEANTECH ADOPTION HURDLES. FOR EXAMPLE, IN MAY 2018, LACI CONVENED THE TRANSPORTATION ELECTRIFICATION PARTNERSHIP (TEP), AN UNPRECEDENTED MULTI-YEAR PARTNERSHIP AMONG LOCAL, REGIONAL, AND STATE STAKEHOLDERS THAT IS WORKING TO ACCELERATE PROGRESS TOWARDS TRANSPORTATION ELECTRIFICATION AND ZERO EMISSIONS GOODS MOVEMENT IN THE GREATER LA REGION IN ADVANCE OF THE 2028 OLYMPIC AND PARALYMPIC GAMES. 2004836 9750 UNLOCKING INNOVATION - LACI INCUBATES AND ACCELERATES CLEANTECH STARTUPS AND HELPS COMMERCIALIZE THEIR TECHNOLOGIES BY PROVIDING BEST-IN-CLASS COACHING AND ADVICE TO FOUNDERS, FACILITATING INVESTMENT PREPARATION AND ASSISTANCE WITH SHARED BUSINESS SERVICES, AND PROVIDING ACCESS TO HIGH-VALUE RESOURCES. WE OFFER THREE TIERS OF COHORT-BASED PROGRAM SUPPORT: INNOVATORS FOR PRE-COMMERCIAL, EARLY-STAGE ENERGY ENTREPRENEURS; OUR CORE INCUBATION PROGRAM, TO SUPPORT PRE-SEED AND SEED-STAGE CLEANTECH STARTUPS IN SOUTHERN CALIFORNIA; AND MARKET ACCESS, A PILOT CENTRIC PROGRAM FOR SERIES A CLEANTECH STARTUPS READY TO SCALE. 1544914 1231395 LACI STEWARDSHIP OF THE LA KRETZ INNOVATION CAMPUS (LKIC) - ON BEHALF OF THE CITY OF LOS ANGELES AND LADWP, LACI REMAINS THE STEWARD OF THE 3.2 ACRE STATE-OF-THE-ART LA KRETZ INNOVATION CAMPUS, WHICH PROVIDES A CRITICAL HUB FOR CLEANTECH INNOVATION IN LOS ANGELES. THE CAMPUS FEATURES THE ADVANCED PROTOTYPING CENTER (APC), A COLLABORATIVE MAKERSPACE WHERE ENTREPRENEURS, ARTISTS, INVENTORS, AND STARTUPS CAN DESIGN, BUILD, TEST AND CERTIFY INNOVATIVE PRODUCTS, ALL UNDER ONE ROOF. THE APC FEATURES MORE THAN $11 MILLION WORTH OF TOOLS, LABS, AND SHOPS, INCLUDING AN ELECTRONICS LAB, BIOCHEMISTRY LAB, CELL LAB, CNC MACHINE, WATER JET, 3D PRINTING, WELDING EQUIPMENT, USE OF PREMIUM CAD SOFTWARE, LASER CUTTERS, A TRAINING CENTER, AND MORE. THE LACI TEAM DELIVERED ALMOST 130,000 FACE SHIELDS TO OVER 70 LOCAL HOSPITALS AND ORGANIZATIONS, EMPLOYED 215 YOUTH DURING LOCKDOWNS, RAISED $255,160 AND RECYCLED OVER 2 TONS OF PLASTIC WASTE BACK INTO USABLE MANUFACTURING MATERIAL. THE IMPACT WAS FELT IN A REAL WAY THROUGH THE PANDEMIC. MANY LIVES HAVE BEEN TOUCHED AND CHANGED THROUGH OUR COLLECTIVE HARD WORK. SOME BY HAVING THE OPPORTUNITY TO SEE LOVED ONES IN HOSPITALS BECAUSE THE PPE WAS THERE, SOME IN THE NEW PARTNERSHIPS WE BUILT AND MOST BY PROTECTING OUR FRONTLINE WORKERS IN THE PPE DISPARITY. LKIC ALSO FEATURES THE INTERACTIVE LOS ANGELES DEPARTMENT OF WATER AND POWER 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. LADWP AND LACI ARE EAGER TO RESUME A ROBUST SCHEDULE ONCE COVID-19 RESTRICTIONS ARE LIFTED. 1176064 ENHANCING COMMUNITY- LACI WORKS TO ENSURE THAT EVERYONE CAN BENEFIT FROM THE GREEN ECONOMY EITHER FROM GREEN JOBS, CLEAN AIR OR ACCESSING NEW ZERO EMISSIONS MOBILITY OR ENERGY SOLUTIONS. WITH THIS LENS, WE INTENTIONALLY RECRUIT DIVERSE ENTREPRENEURS, INCLUDING FEMALE FOUNDERS, PEOPLE OF COLOR, LGBTQ+, AND VETERANS INTO OUR CLEANTECH ECOSYSTEM, AND OUR HIGH-TOUCH, HIGH-OUTCOME WORKFORCE DEVELOPMENT PROGRAM, THE ADVANCED PROTOTYPING CENTER (APC) FELLOWSHIP, WHICH PROVIDES PARTICIPANTS FROM UNDERREPRESENTED GROUPS WITH TECHNICAL TRAINING, INTERPERSONAL SKILLS AND INDUSTRY-RECOGNIZED CREDENTIALS TO THRIVE IN THE EXPANDING GREEN ECONOMY.FISCAL SPONSORSHIP - LACI FACILITATES THE RECEIPT AND MANAGEMENT OF PHILANTHROPIC AND IMPACT FUNDS FOR SPECIFIC EXTERNAL PROGRAMS THAT SUPPORT LACL'S MISSION THROUGH FOR-AND NONPROFIT PARTNERS IN LOS ANGELES. IN 2021, LACI DID NOT SERVE AS FISCAL SPONSOR FOR ANY ACTIVE PROGRAMS; HOWEVER, LACI IS ALWAYS LOOKING FOR COLLABORATIONS THAT FURTHER ITS MISSION. 1176064 7657420 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 123 0 1 69 1 1 1 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 CA X X BENJAMIN STILP EXECUTIVE VICE PRESIDENT 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 JIM CASSELBERRY CHAIRPERSON 1.00 X X 0 0 0 THOMAS SOTO VICE CHAIR 1.00 X X 0 0 0 DAVID NAHAI TREASURER 1.00 X X 0 0 0 SARAH RIENHOFF SECRETARY 1.00 X X 0 0 0 THOMAS ERMACORA BOARD MEMBER 1.00 X 0 0 0 PAUL JENNINGS BOARD MEMBER 1.00 X 0 0 0 MARY LESLIE BOARD MEMBER 1.00 X 0 0 0 RICHARD MORGANSTERN BOARD MEMBER 1.00 X 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 1.00 X X 340906 0 29096 ALLISON HOLMES FROM 1001 BOARD MEMBER 1.00 X 0 0 0 DANIEL TELLALIAN FROM 1001 BOARD MEMBER 1.00 X 0 0 0 BENJAMIN STILP EXECUTIVE VICE PRESIDENT 40.00 X 214217 0 20929 ALEX MITCHELL SR VICE PRESIDENT, MARKET 40.00 X 176775 0 16699 MICHAEL SWORDS VICE PRESIDENT, GOVERNMENT 40.00 X 174195 0 108 ESTELLE REYES SR VICE PRESIDENT, ENHANCI 40.00 X 138372 0 16002 JILLIAN MISRACK VICE PRESIDENT, DEVELOPMEN 40.00 X 126687 0 13502 AMANDA SABICER CHIEF OF STAFF 40.00 X 116195 0 40571 1287347 0 136907 16 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 SECURITY SERVICES 183826 HOLLAND & KNIGHT LLP PO BOX 936937 ATLANTA GA 31193 SECURE FEDERAL FUNDING 132000 2 115852 4551970 4402307 9070129 LA KRETZ INNOVATION CAMPUS 900099 1227439 1227439 PROGRAM FEES 900099 9750 9750 1237189 2266 2266 10163 115852 10163 0 GP MANAGEMENT FEE 561499 100000 100000 OTHER INCOME 999999 3956 3956 103956 10413540 1241145 100000 2266 X 28932 28932 798622 626563 102539 69520 3900131 2970387 595463 334281 131335 115455 6415 9465 248889 211396 12973 24520 334140 284436 17623 32081 103201 86043 9437 7721 47987 39963 4413 3611 1908594 1769438 40288 98868 539871 509417 10835 19619 32140 28366 2695 1079 86661 71653 8843 6165 519917 466310 53607 83208 65751 3277 14180 10866 8979 1038 849 23053 19370 2392 1291 70863 59259 7354 4250 54573 44276 5663 4634 SOFTWARE / ONLINE SOFTW 99792 86403 8886 4503 STAFF DEVELOPMENT 94473 76069 9935 8469 SUBS MEMBERSHIP REGISTR 59718 57994 371 1353 WORKERS COMPENSATION IN 22654 19221 1270 2163 15498 11739 1727 2032 9215118 7657420 907044 650654 1440098 1872939 2951067 3059871 60216 126655 60000 33918 28597 36231 283224 215741 93558 67483 42455 23586 4675991 5220683 844349 1002086 604863 26479 96832 308894 31937 1784585 1130855 X 889183 1984815 2002223 2105013 2891406 4089828 4675991 5220683 1198422 0 X 0 1 X 1 1 1 X 3885588 5059310 7287862 6492493 9070129 31795382 3885588 5059310 7287862 6492493 9070129 31795382 199271 31596111 1694 1830 2352 3088 2266 11230 29027 3956 32983 31839595 13329523 0.99240 0.98680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 185699 0 0 185699 0 97350 60360 36990 185874 155381 30493 67483 X 10674552 261012 261012 10413540 0 10413540 9476130 261012 261012 9215118 0 9215118 PART X, LINE 2: LACI IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701(D). AS OF DECEMBER 31, 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. LACI IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. LACITIZENS AWARD 126015 115852 10163 10163 126015 115852 10163 10163 10163 0 0 COMMUNITY ECONOMIC DEVELOPMENT CORPORATION PO BOX 8145 LOS ANGELES CA 90008 880306149 C3 15048 0 IN SUPPORT OF LACI'S MARKET TRANSFORMATION PILOTS PROGRAM 1 X 0 0 0 0 0 0 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 295906 0 45000 0 0 0 14795 0 14301 0 370002 0 0 0 BENJAMIN STILP EXECUTIVE VICE PRESIDENT 214217 0 0 0 0 0 10500 0 10429 0 235146 0 0 0 ALEX MITCHELL SR VICE PRESIDENT, MARKET 164275 0 12500 0 0 0 8000 0 8699 0 193474 0 0 0 MICHAEL SWORDS VICE PRESIDENT, GOVERNMENT 140695 0 33500 0 0 0 0 0 108 0 174303 0 0 0 AMANDA SABICER CHIEF OF STAFF 116195 0 0 0 0 0 3812 0 36759 0 156766 0 0 0 ESTELLE REYES SR VICE PRESIDENT, ENHANCI 134607 0 3765 0 0 0 6593 0 9409 0 154374 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B LACI'S BOARD OF DIRECTORS REVIEWS LACI'S FINANCIALS QUARTERLY; THE AUDIT COMMITTEE REVIEWS AUDIT REPORTS AND RECOMMENDATIONS FROM THE ORGANIZATION'S SELECTED FIRM PROVIDING TAX AND AUDIT SERVICES ANNUALLY. THE DRAFT FORM 990 AND RELATED SCHEDULES ARE PREPARED WITH OUTSIDE SUPPORT AND COORDINATION BY THE EXECUTIVE VICE PRESIDENT OF FINANCE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY BY ADDRESSING ANY POTENTIAL CONFLICT IN REAL TIME. EACH BAORD MEMBER, EMPLOYEE AND ADVISOR IS REQUIRED TO COMPLETE AN ANNUAL DECLARATION OF POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS FORMALLY AND INDEPENDENTLY APPROVED THE COMPENSATION FOR THE CEO OF LACI, GUIDED BY LEGAL COUNSEL, EXECUTIVE COMPENSATION COUNSEL, AND THE DUE DILIGENCE PROCEDURES CONTAINED IN LACI'S CONFLICT OF INTEREST POLICY. THE NEXT REVIEW WILL BE HELD IN JUNE 2022. 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 323,815. MANAGEMENT AND GENERAL EXPENSES 33,750. FUNDRAISING EXPENSES 85,716. TOTAL EXPENSES 443,281. CONSULTING FEES: PROGRAM SERVICE EXPENSES 233,539. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 233,539. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 1,212,084. MANAGEMENT AND GENERAL EXPENSES 6,538. FUNDRAISING EXPENSES 13,152. TOTAL EXPENSES 1,231,774. 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 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 LACI IMPACT GP LLC L 100000 ACTUAL COST