2020-11-16T14:49:43-06:00 2019-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2019-01-01 454998717 LOS ANGELES CLEANTECH INCUBATOR LOSA 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 BENJAMIN STILP EXECUTIVE VICE PRESIDENT 2133586500 2020-11-16 1 NAZANIN BENYAMINI P00666808 3104773924 2020-11-16 206.169.119.90 2020-11-16 10:03:52 PS P A5AC86A3445D2E2E47D1D317F28DB4EF7381C94B 91C75ED39B97403A68E88CC23D17D43C3CA2F1E1 2019 2021-01-29 14:40:06Z MATHEW PETERSEN 525 S HEWITT STREET LOS ANGELES CA 90013 10299925 0 X WWW.LAINCUBATOR.ORG X 2012 CA TO FOCUS THE PRIVATE AND PUBLIC SECTORS ON THE PROCESSES AND TECHNOLOGIES REGARDING THE SUSTAINABLE CONSUMPTION OF OUR NATURAL RESOURCES. 10 10 59 30 0 0 5059310 7287862 3517072 2980684 1830 2352 0 29027 8578212 10299925 0 0 0 0 3518527 3997894 0 0 296268 4426302 4324240 7944829 8322134 633383 1977791 3535849 5409805 1589981 1486146 1945868 3923659 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 1769401 458219 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. 1604525 2365615 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. 1363630 101861 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. 2718752 54989 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. 2718752 54989 7456308 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 83 0 1 59 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X BENJAMIN STILP EXECUTIVE VICE PRESIDENT 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 RICHARD MORGANSTERN CHAIRPERSON 1.00 X X 0 0 0 DAVID NAHAI TREASURER 1.00 X X 0 0 0 MARY LESLIE SECRETARY 1.00 X X 0 0 0 JIM MCDERMOTT BOARD MEMBER 1.00 X 0 0 0 DR KENNETH PICKAR BOARD MEMBER 1.00 X 0 0 0 THOMAS SOTO BOARD MEMBER 1.00 X 0 0 0 THOMAS ERMACORA BOARD MEMBER 1.00 X 0 0 0 BEN VAN DE BUNT BOARD MEMBER 1.00 X 0 0 0 JIM CASSELBERRY BOARD MEMBER 1.00 X 0 0 0 SARAH RIENHOFF BOARD MEMBER 1.00 X 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 40.00 X 315925 0 13872 BENJAMIN STILP EXECUTIVE VICE PRESIDENT (AS OF 9/2019) 40.00 X 53902 0 1703 ALEX MITCHELL SR VICE PRESIDENT, MARKET TRANSFORMATION 40.00 X 140977 0 8266 MICHAEL SWORDS VICE PRESIDENT, GOVERNMENT AFFAIRS 40.00 X 132000 0 0 SHANNON RICHARDSON CHIEF OF STAFF AND OPERATIONS 40.00 X 125911 0 0 EMILY DRAKE SR VICE PRESIDENT, UNLOCKING INNOVATION 40.00 X 122500 0 0 ROBERT MUSSELMAN LEAD EXECUTIVE IN RESIDENCE 40.00 X 119229 0 1542 1010444 0 25383 6 0 1 0 UNIVERSAL PROTECTION SERVICE LP PO BOX 31001-2374 PASADENA CA 911102374 SECURITY 139119 IMAGE PROPERTY SERVICES 18401 N 25TH AVENUE SUITE 130 PHOENIX AZ 85023 JANITORIAL 123755 RICHARD WEGMAN 1336 OCEAN PARK BLVD UNIT C SANTA MONICA CA 90405 FINANCE CONSULTANT 121731 3 5340138 1947724 7287862 LA KRETZ INNOVATION CAMPUS 900099 2365615 2365615 UNLOCKING INNOVATION 900099 458219 458219 MARKET TRANSFORMATION 900099 101861 101861 PROGRAM FEES 900099 54989 54989 2980684 2352 2352 OTHER INCOME 900099 29027 29027 29027 10299925 2980684 0 31379 X 329798 290682 23882 15234 3255959 2869790 235774 150395 139116 122616 10074 6426 273021 240640 19770 12611 58964 46189 5437 7338 135247 105943 12473 16831 2023532 1976947 38967 7618 364859 314464 14699 35696 33828 26950 4829 2049 59324 50867 4909 3548 969265 851591 114557 3117 166205 144610 5671 15924 20797 16568 2969 1260 29340 16187 11750 1403 67638 41651 22957 3030 54475 42672 6779 5024 BAD DEBT EXPENSE 169865 155702 13657 506 SOFTWARE / ONLINE SOFTW 44098 35132 6295 2671 BANK / MERCHANT FEES 31135 24804 4445 1886 OTHER EXPENSES 30179 27042 2749 388 65489 55261 6915 3313 8322134 7456308 569558 296268 928755 2200240 2401219 2615820 131235 44696 221484 69351 78629 221994 120921 91828 101073 0 61324 3535849 5409805 890700 984000 367381 225793 331900 276353 1589981 1486146 X 519500 1166531 1426368 2757128 1945868 3923659 3535849 5409805 1977791 0 X 0 1 X 1 0 X 1557021 1769682 3885588 5059310 7287862 19559463 1557021 1769682 3885588 5059310 7287862 19559463 442789 19116674 121 -10050 1694 1830 2352 -4053 29027 29027 19584437 15180124 0.97610 0.97730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 221994 120921 101073 101073 X 11127925 828000 828000 10299925 0 10299925 9150134 828000 828000 8322134 0 8322134 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, 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. X 0 0 0 0 0 0 0 0 0 MATHEW PETERSEN PRESIDENT AND CEO 273425 0 42500 0 0 0 0 0 13872 0 329797 0 0 0 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. LACI IMPACT GP LLC 525 S HEWITT STREET LOS ANGELES CA 90013 841882847 INVESTMENT CA N/A INVESTMENT 1 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 LACI IMPACT GP LLC L 56389 ACTUAL COST