2017-08-04T18:19:18-05:00 2016-12-31 952399533 NSBN LLP 1925 CENTURY PARK E FL 16 LOS ANGELES CA 90067 990 2016-01-01 454998717 Los Angeles Cleantech Incubator LOSA 2133586500 525 S Hewitt Street Los Angeles CA 90013 Neal Anderson Chief Operating Officer 2133586500 2017-07-20 1 TAYIIKA M DENNIS P01575149 3102732501 2017-06-29 198.101.121.169 2017-07-20 18:11:01 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A4C22089B5647235304F81F9F808BDA9DA8D41EA 2016 2021-01-29 14:40:06Z NEAL ANDERSON 525 S Hewitt Street Los Angeles CA 90013 5332948 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 43 34 0 0 1557021 1769682 1370588 3561829 121 -10050 0 0 2927730 5321461 0 0 0 0 1984199 2491096 0 0 306631 1909093 2932273 3893292 5423369 -965562 -101908 1215521 1886188 594368 1366943 621153 519245 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 1961900 2214700 The 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. 2016 accomplishments include: Grand Opening Ceremony in October 2016; Advanced Prototyping Center construction completion and public membership launch; membership of over 500 users and an average of over 400 weekly visitors; 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. 1971300 836500 Commercialization 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. 2016 accomplishments include: launch of diversity and inclusion programs to increase program participation by women, people of color, and other underrepresented groups; establishment of sector-specific clusters in energy, transportation, food tech, water and waste; cumulative $130M+ raised and 1,400+ jobs created by the companies the organization helps; 100+ mentors and advisors engaged; 250+ partners, supporters and affiliates; estimated $300M+ 5-year economic impact on the region. 267500 265600 Strategic 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. Current initiatives include Ecosystem Development, Landing Pad, and the Network for Global Innovation (NGIN). 2016 accomplishments include: World Bank contract to assist with innovation ecosystem design in the developing world; hosting groups of companies from Latin America, Korea, Israel, and Finland looking to expand into the USA; NGIN growth to 22 members in 9 countries that share best practices, investors and development opportunities through formal agreements. 171710 245029 LOS ANGELES CLEANTECH INCUBATOR ALSO OFFERS THE FOLLOWING PROGRAMS: SATELLITES PROGRAMS: SATELLITES PROGRAMS BRING THE ORGANIZATION'S CORE SERVICES AND METHODOLOGY TO ADDITIONAL PHYSICAL LOCATIONS IN PARTNERSHIP WITH KEY STAKEHOLDERS IN ORDER TO DRIVE INNOVATION, INCUBATION, ACCELERATION AND COMMERCIALIZATION THROUGH AN EXPANDED NETWORK. CLUSTER DEVELOPMENT PROGRAMS: CLUSTER DEVELOPMENT ACTIVITIES SEEK TO RESEARCH THE VIABILITY OF AND DELIVER ACTIONABLE PLANS TO CULTIVATE INNOVATION, ENTREPRENEURSHIP AND TECHNOLOGY COMMERCIALIZATION IN SPECIFIC GEOGRAPHIC REGION. MARKET DEVELOPMENT PROGRAMS: MARKET DEVELOPMENT PROGRAMS SEEK TO UNDERSTAND AND ALIGN MARKET NEEDS WITH THE CLEAN TECHNOLOGIES BEING DEVELOPED AT THE ORGANIZATION IN ORDER TO INCREASE OPPORTUNITIES FOR COMMERCIALIZATION AND MARKET ADOPTION OF CLEANTECH PRODUCTS AND SERVICES. FISCAL SPONSORSHIP PROGRAMS: FISCAL 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. 171710 245029 4372410 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 39 0 1 43 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 Matt Petersen Board Member 1.00 X 0 0 0 Thomas Soto Board Member 1.00 X 0 0 0 Fred H WALTI Chief ExECUTIVE OFFICER 40.00 X 185192 0 0 Neal Anderson Chief operating officer 40.00 X 174520 0 0 erIK STEEB Chief Programs Officer 40.00 X 126923 0 0 Ben Stapleton VP Facilities & Operations 40.00 X 101538 0 0 Michael Swords VP Partnerships 40.00 X 114308 0 0 702481 0 0 5 0 1 0 ReactWell LLC 2721 St Charles Avenue UNIT 2B New Orleans LA 70130 Prototyping Lab & Manufact. Manag. 225332 Cyrcon Builders Inc 2170 Century Park East 1810 Los Angeles CA 90067 Campus Building Construction & Maintenan 183416 Universal Protection Services LP PO Box 31001 Pasadena CA 91110 Campus Security Services 143701 Favorite Medium 93 South Jackson St 46070 Seattle WA 98104 Incubator Managm. Prog, Developer 137225 ABM Onsite Services-West Inc PO Box 745799 Los Angeles CA 90074 Campus Janitorial Services 103945 6 1374652 395030 11700 1769682 PROGRAM FEES 900099 2717781 2717781 MEMBERSHIP DUES 900099 844048 844048 3561829 1437 1437 11487 -11487 -11487 -11487 5321461 3561829 0 -10050 X 486636 313919 67962 104755 1732385 1351272 272347 108766 100123 64356 27515 8252 171952 129035 26371 16546 31230 31230 78520 78520 885700 825690 36874 23136 169200 126970 25949 16281 121465 91149 18628 11688 53187 39912 8157 5118 1198615 1087161 103240 8214 126990 126990 3441 3441 13306 13306 40266 30216 6175 3875 FISCAL SPONSORSHIP 171686 171686 OTHER EXPENSES 38667 14054 24613 5423369 4372410 744328 306631 375589 507913 786495 1207620 24007 22093 167483 18921 29430 148562 1215521 1886188 318124 605390 276244 761553 594368 1366943 X 606087 421901 15066 97344 621153 519245 1215521 1886188 -101908 0 X X 0 1 X 1 1 1 X 1161938 2186132 1557021 1769682 6674773 1161938 2186132 1557021 1769682 6674773 173061 6501712 12 39 87 121 -10050 -9791 50168 50168 6715150 6178520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 167483 18921 148562 148562 X 5321461 0 5321461 0 5321461 5423369 0 5423369 0 5423369 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 2013 AND 2012, RESPECTIVELY. X 0 0 0 0 0 0 0 0 0 Fred H WALTI Chief ExECUTIVE OFFICER 185192 0 0 0 0 0 0 0 0 0 185192 0 0 0 Neal Anderson Chief operating officer 174520 0 0 0 0 0 0 0 0 0 174520 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 331,300. Management and general expenses 36,874. Fundraising expenses 23,136. Total expenses 391,310. CONSULTING FEES: Program service expenses 494,390. Management and general expenses 0. Fundraising expenses 0. Total expenses 494,390. 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.