2018-09-29T16:06:44-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 1925 CENTURY PARK E FL 16 LOS ANGELES CA 90067 990 2017-01-01 454998717 LOS ANGELES CLEANTECH INCUBATOR LOSA 2133586500 525 S HEWITT STREET LOS ANGELES CA 90013 NEAL ANDERSON CHIEF OPERATING OFFICER 2133586500 2018-09-28 1 TAYIIKA M DENNIS P01575149 3102732501 2017 2022-09-23 18:48:47Z NEAL ANDERSON 525 S HEWITT STREET LOS ANGELES CA 90013 7637233 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. 6 6 51 0 0 0 1769682 3885588 3561829 3749951 -10050 1694 0 0 5321461 7637233 0 0 0 0 2491096 3643595 0 0 395282 2932273 3200398 5423369 6843993 -101908 793240 1886188 2854241 1366943 1541756 519245 1312485 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 3372652 1125689 1000 COMMERCIALIZATIONCOMMERCIALIZATION SERVICES ARE THE ORGANIZATION'S GLOBALLY RECOGNIZED INCUBATION, ACCELERATION, AND COMMERCIALIZATION SERVICES THAT HELP REMOVE BARRIERS TO INCREASE THE MARKET SUCCESS OF EARLY STAGE CLEAN TECHNOLOGY BUSINESSES, WHICH FACILITATES NEW CLEANTECH PRODUCTS AND SERVICES AND THE JOBS THAT COME WITH THEM. THIS INCLUDES SERVICES THAT ENGAGE THE ACTIVE PARTICIPATION AND COOPERATION OF KEY STAKEHOLDERS IN CLEAN TECHNOLOGY CLUSTERS TO FACILITATE TECHNOLOGY COMMERCIALIZATION AND MARKET ADOPTION OF SUSTAINABLE AND ENERGY EFFICIENT PRODUCTS AND SERVICES.2017 ACCOMPLISHMENTS INCLUDE: THE RELEASE OF THE INDUSTRY'S FIRST IMPACT REPORT FOR A PORTFOLIO OF CLEANTECH STARTUPS; LAUNCH OF A CAPITAL ACCESS PROGRAM FOR STARTUPS; EXPANSION OF DIVERSITY AND INCLUSION PROGRAMS TO INCREASE PROGRAM PARTICIPATION BY WOMEN, PEOPLE OF COLOR, AND OTHER UNDERREPRESENTED GROUPS; SIGNIFICANT GROWTH OF SECTOR-SPECIFIC CLUSTERS IN ENERGY, TRANSPORTATION, FOOD TECH, WATER, AND WASTE CUMULATIVE $165M+ RAISED AND 1,700+ JOBSCREATED BY THE COMPANIES THE ORGANIZATION HELPS; 100+ MENTORS AND ADVISORS ENGAGED; 250+ PARTNERS, SUPPORTERS, AND AFFILIATES AND AN ESTIMATED $379M+ 5-YEAR ECONOMIC IMPACT ON THE REGION. 1527384 2237223 4700 LA KRETZ INNOVATION CAMPUSTHE LA KRETZ INNOVATION CAMPUS IS A STATE-OF-THE-ART, MULTI-USE FACILITY PURPOSE BUILT TO INCREASE CLEANTECH INNOVATION AND COLLABORATION. THE CAMPUS INCLUDES THE INCUBATOR, WET + DRY LABS, TRAINING + PROTOTYPING CENTERS, AND THE LOS ANGELES DEPARTMENT OF WATER AND POWER (LADWP) CUSTOMER ENGAGEMENT CENTER AND ENERGY EFFICIENCY AND EMERGING TECHNOLOGIES LABORATORIES. THE ORGANIZATION IS BOTH THE ANCHOR TENANT AND PROPERTY MANAGER FOR THE CAMPUS.2017 ACCOMPLISHMENTS INCLUDE: ESTABLISHING INDUSTRY WORKING GROUPS IN TRANSPORTATION, ENERGY, AND SUSTAINABLE CITIES; GROWTH IN MEMBERSHIP AND FUNCTIONALITY OF THE ADVANCED PROTOTYPING CENTER MEMBERSHIP OF OVER 500 USERS AND AN AVERAGE OF OVER 500 WEEKLY VISITORS AND INTEGRATION OF TECHNOLOGY DEMONSTRATION PROJECTS ON THE CAMPUS, WHICH FUNCTIONS AS A "LIVING LAB," INCLUDING A RESIDENTIAL MICROGRID, BIOFUEL GENERATOR, WATER SUBMETERS, OMNIDIRECTIONAL LED LIGHTING, BUILDING AUTOMATION, AND SOIL MOISTURE SENSORS. 363129 207224 2000 STRATEGIC INITIATIVESSTRATEGIC INITIATIVES COMPRISE EFFORTS THAT SUPPORT THE ORGANIZATION'S MISSION TO HELP LOS ANGELES INCREASE ITS STANDING AS A GLOBAL LEADER IN THE GREEN ECONOMY, ITS COMMERCIALIZATION PROGRAMS, AND BUILD TOWARD LONG-TERM SUSTAINABILITY. INITIATIVES INCLUDED ECOSYSTEM DEVELOPMENT, LANDING PAD, AND THE NETWORK FOR GLOBAL INNOVATION (NGIN).2017 ACCOMPLISHMENTS INCLUDE: A TRADE MISSION TO MEXICO CITY WITH THE CITY OF LA AND PARTNERS TO HELP ESTABLISH AND GROW THE MEXICAN CLEANTECH ECOSYSTEM; WORKING WITH THE CITY OF FREMONT TO ESTABLISH AN ADVANCED MANUFACTURING CLUSTER FOCUSED ON CLEAN ENERGY, HOSTING GROUPS OF COMPANIES FROM GERMANY, KOREA, ISRAEL, AND FINLAND LOOKING TO EXPAND INTO THE USA; AND NGIN GROWTH TO OVER 20 MEMBERS IN 11 COUNTRIES THAT SHARE BEST PRACTICES, INVESTORS, AND DEVELOPMENT OPPORTUNITIES THROUGH FORMAL AGREEMENTS. 174237 179815 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. 174237 179815 5437402 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 58 0 1 51 1 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X X NEAL ANDERSON 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 H 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 BEN VAN DE BUNT BOARD MEMBER 1.00 X 0 0 0 FRED H WALTI CHIEF EXECUTIVE OFFICER 40.00 X 129923 0 0 NEAL ANDERSON CHIEF OPERATING OFFICER 40.00 X 225000 0 11215 ERIK STEEB CHIEF PROGRAMS OFFICER 40.00 X 150000 0 0 BEN STAPLETON CHIEF PARTNERSHIPS OFFICER 40.00 X 120000 0 0 MATT PETERSEN CHIEF EXECUTIVE OFFICER 40.00 X 115385 0 4578 MICHAEL SWORDS VP PARTNERSHIPS 40.00 X 132000 0 0 AMANDA SABICER VP REIC 40.00 X 120000 0 0 JOSEPH CROWLEY IT DIRECTOR 40.00 X 120000 0 0 ROBERT MUSSELMAN LEAD EIR 40.00 X 120000 0 0 TOM WHITE LACI@CSUN ED 40.00 X 120000 0 0 1352308 0 15793 13 0 1 0 LA INTERACTIVE INC 1330 FACTORY PLACE 117 LOS ANGELES CA 90013 CONSULTING SERVICES 170991 UNIVERSAL PROTECTION SERVICES LP PO BOX 31001 PASADENA CA 91110 CAMPUS SECURITY SERVICES 119854 IMAGE PROPERTY SERVICES LLC 2030 WEST DESERT COVE AVE PHOENIX AZ 85029 JANITORIAL SERVICES 114452 ANTHEM BLUE CROSS PO BOX 51011 LOS ANGELES CA 90051 HEALTH INSURANCE PROVIDER 112975 COLORADO NOUR LLC 8383 WILSHIRE BLVD SUITE 920 BEVERLY HILLS CA 90211 LANDLORD FOR COLYTON WAREHOUSE 105500 5 1984577 1901011 11399 3885588 PROGRAM FEES 900099 2620357 2620357 MEMBERSHIP DUES 900099 1129594 1129594 3749951 1694 1694 7637233 3749951 0 1694 X 740308 498404 99266 142638 2516489 1898002 475000 143487 134975 94293 29424 11258 251823 185296 44403 22124 15801 15801 92406 92406 1287354 1211663 66145 9546 245323 200904 13473 30946 109222 80072 19187 9963 41811 30766 7372 3673 937342 840691 82096 14555 105011 101916 475 2620 19508 19508 35097 35097 50891 37446 8973 4472 FISCAL SPONSORSHIP 229914 229914 OTHER EXPENSES 30718 28035 2683 6843993 5437402 1011309 395282 507913 955776 1147742 1669583 41324 42977 40647 61041 178132 53268 148562 124864 1886188 2854241 380390 657181 761553 552675 225000 331900 1366943 1541756 X 421901 284444 97344 1028041 519245 1312485 1886188 2854241 793240 0 X X 0 1 X 1 1 1 X 1161938 2186132 1557021 1769682 3885588 10560361 1161938 2186132 1557021 1769682 3885588 10560361 487071 10073290 39 87 121 -10050 1694 -8109 50168 50168 10602420 9902187 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 178132 53268 124864 124864 X 7637233 0 7637233 0 7637233 6843993 0 6843993 0 6843993 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. WITH FEW EXCEPTIONS, LACI IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE EXAMINATIONS BY TAX AUTHORITIES FOR THE FISCAL YEARS BEFORE 2014 AND 2013, RESPECTIVELY. X 0 0 0 0 0 0 0 0 0 FRED H WALTI CHIEF EXECUTIVE OFFICER 129923 0 0 0 0 0 0 0 0 0 129923 0 0 0 NEAL ANDERSON CHIEF OPERATING OFFICER 225000 0 0 0 0 0 0 0 11215 0 236215 0 0 0 ERIK STEEB CHIEF PROGRAMS OFFICER 150000 0 0 0 0 0 0 0 0 0 150000 0 0 0 BEN STAPLETON CHIEF PARTNERSHIPS OFFICER 120000 0 0 0 0 0 0 0 0 0 120000 0 0 0 MATT PETERSEN CHIEF EXECUTIVE OFFICER 115385 0 0 0 0 0 0 0 4578 0 119963 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 TWO TOP EXECUTIVES 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. NO INCREASE IN COMPENSATION WAS MADE IN 2016. 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 513,942. MANAGEMENT AND GENERAL EXPENSES 66,145. FUNDRAISING EXPENSES 9,546. TOTAL EXPENSES 589,633. CONSULTING FEES: PROGRAM SERVICE EXPENSES 697,721. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 697,721. FORM 990, PART XI, 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.