2019-11-15T11:35:36-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 1925 CENTURY PARK E 16TH FLOOR LOS ANGELES CA 90067 990 2018-01-01 454998717 LOS ANGELES CLEANTECH INCUBATOR LOSA 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 MATT PETERSEN PRESIDENT AND CEO 2133586500 2019-11-12 1 TAYIIKA DENNIS P01575149 3102732501 2019-11-12 67.137.57.251 2019-11-12 10:46:02 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8AF356D58FF6C99D9FE1D2DF77A2B336D2EB2F48 2018 2020-03-31 21:24:44Z MATT PETERSEN 525 S HEWITT STREET LOS ANGELES CA 90013 8578212 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. 8 8 47 0 0 20192 3885588 5059310 3749951 3517072 1694 1830 0 0 7637233 8578212 0 0 0 0 3643595 3518527 0 0 474028 3200398 4426302 6843993 7944829 793240 633383 2854241 3535849 1541756 1589981 1312485 1945868 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 2939677 565102 11000 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. 1424331 2366918 44700 LA KRETZ INNOVATION CAMPUS ON 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. 1384635 173494 20000 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. ADDITIONALLY, IN 2019, LACI BEGAN A PARTNERSHIP WITH C40 CITIES, WHICH CONNECTS 96 CITIES AROUND THE GLOBE TO TAKE BOLD CLIMATE ACTION. ONE OF OUR FIRST INITIATIVES WILL BE RESEARCH TO INFORM HOW STARTUPS, ENTREPRENEURS AND CORPORATE INNOVATION CAN PILOT, SCALE UP AND DELIVER SOLUTIONS TO LIMIT GLOBAL WARMING TO 1.5 DEGREES CELSIUS. LACI ALSO IS DEVELOPING A ROBUST PROGRAM TO PILOT AND SCALE THE CUTTING-EDGE TECHNOLOGIES THAT WILL MAKE A CARBON-FREE GRID POSSIBLE, WITH A PARTICULAR FOCUS ON ACCELERATING CLEAN ENERGY, ZERO EMISSIONS MOBILITY, BUILDING ENERGY EFFICIENCY/DECARBONIZATION, AND ENERGY/WATER NEXUS TECHNOLOGIES. WE ARE ALIGNED WITH MAYOR ERIC GARCETTI'S SUSTAINABILITY PLAN AND HAVE A KEEN INTEREST IN HELPING CALIFORNIA AND OTHER STATES REACH 100% CARBON FREE ELECTRICITY BY 2045 (OR EARLIER). 781957 411558 30000 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. 3600 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. 781957 411558 6530600 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 0 0 0 0 1 70 0 1 47 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X X MATT PETERSEN PRESIDENT AND CEO 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 RICHARD MORGANSTERN CHAIRPERSON 1.00 X 0 0 0 JIM MCDERMOTT BOARD MEMBER 1.00 X 0 0 0 DAVID NAHAI 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 MARY LESLIE BOARD MEMBER 1.00 X 0 0 0 BEN VAN DE BUNT BOARD MEMBER 1.00 X 0 0 0 MATHEW PETERSON PRESIDENT AND CEO 40.00 X 270961 0 11617 MICHAEL SWORDS VP GOVERNMENT RELATIONS 40.00 X 132000 0 0 BEN STAPLETON SVP OPERATIONS AND FINANCE 40.00 X 128846 0 0 JOHN SUSOEFF CREATIVE DIRECTOR 40.00 X 120000 0 0 ROBERT MUSSELMAN LEAD EIR 40.00 X 119936 0 64 ESTELLE REYES SVP ENHANCING COMMUNITY 40.00 X 113978 0 4061 NEAL ANDERSON FORMER COO 40.00 X 208071 0 12602 1093792 0 28344 7 1 1 0 COLORADO NOUR LLC 8383 WILSHIRE BLVD SUITE 920 BEVERLY HILLS CA 90211 LANDLORD FOR COLYTON WAREHOUSE 192977 PRICEWATERHOUSECOOPERS PO BOX 514038 LOS ANGELES CA 900514038 ADVISORY SERVICES - LACI STRATEGY 150000 GUIDEHOUSE HOLDING CORPORATION PO BOX 7247-6037 PHILADELPHIA PA 191706037 PROFESSIONAL SERVICES - ROADMAP 1.0 135000 IMAGE PROPERTY SERVICES LLC 2030 WEST DESERT COVE AVENUE PHOENIX AZ 85029 JANITORIAL SERVICES 134887 UNIVERSAL PROTECTION SERVICE LP PO BOX 31001-2374 PASADENA CA 911102374 SECURITY SERVICES 133016 7 2027479 3031831 5059310 PROGRAM FEES 900099 2231973 2231973 MEMBERSHIP DUES 900099 1285099 1285099 3517072 1830 1830 8578212 3517072 0 1830 X 296617 177970 14831 103816 2839558 2058180 541177 240201 149362 99648 37521 12193 232990 166224 41417 25349 7896 7896 47304 47304 1739712 1672831 42049 24832 361042 340869 6804 13369 145104 104122 25422 15560 44217 31546 7860 4811 1057294 961459 78205 17630 142964 120602 11755 10607 29885 29885 33036 33036 52020 37113 9247 5660 FISCAL SPONSORSHIP 670445 670445 OTHER EXPENSES 95383 89591 5792 7944829 6530600 940201 474028 955776 928755 1669583 2401219 42977 44696 61041 69351 178132 86304 124864 91828 2854241 3535849 657181 890700 552675 367381 331900 331900 1541756 1589981 X 284444 519500 1028041 1426368 1312485 1945868 2854241 3535849 633383 0 X X 0 1 X 1 1 1 X 2186132 1557021 1769682 3885588 5059310 14457733 2186132 1557021 1769682 3885588 5059310 14457733 334083 14123650 87 121 -10050 1694 1830 -6318 14451415 13060773 0.97730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 178132 86304 91828 91828 X 8578212 0 8578212 0 8578212 7944829 0 7944829 0 7944829 PART X, LINE 2: LACI FILES IRS FORM 990 AND STATE FORMS 199 AND RRF-1. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. LACI RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT OF LACI DOES NOT BELIEVE THE FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. X 0 0 0 0 0 0 0 0 0 MATHEW PETERSON PRESIDENT AND CEO 270961 0 0 0 0 0 0 0 11617 0 282578 0 0 0 NEAL ANDERSON FORMER COO 208071 0 0 0 0 0 0 0 12602 0 220673 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 IN 2015, 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 HELD ON JANUARY 30, 2015. 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 OUTSIDE CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,327,525. MANAGEMENT AND GENERAL EXPENSES 42,049. FUNDRAISING EXPENSES 24,832. TOTAL EXPENSES 1,394,406. CONSULTING FEES: PROGRAM SERVICE EXPENSES 345,306. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 345,306. FORM 990, PART XII, LINE 2C: 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. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.