2016-11-15T12:13:41-06:00 2015-12-31 952399533 NSBN LLP 1925 CENTURY PARK E FL 16 LOS ANGELES CA 90067 990 2015-01-01 454998717 Los Angeles Cleantech Incubator LOSA 2133586500 525 S Hewitt Street Los Angeles CA 90013 Neal Anderson Chief Operating Officer 2133586500 2016-11-10 1 TAYIIKA M DENNIS P01575149 3102732501 2016-11-10 2015 2017-02-10 21:41:12Z NEAL ANDERSON 525 S Hewitt Street Los Angeles CA 90013 2927730 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. 4 4 32 7 0 0 2186132 1557021 849234 1370588 87 121 0 0 3035453 2927730 0 0 0 0 517243 1984199 40000 0 253312 1711583 1909093 2268826 3893292 766627 -965562 1932197 1215521 345482 594368 1586715 621153 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 1548280 123450 CORE COMMERCIALIZATION: CORE COMMERCIALIZATION SERVICES ARE THE ORGANIZATION'S GLOBALLY RECOGNIZED INCUBATION, ACCELERATION AND COMMERCIALIZATION SERVICES THAT HELP TO REMOVE BARRIERS TO INCREASE THE MARKET SUCCESS OF EARLY STAGE CLEAN TECHNOLOGY BUSINESSESS, WHICH FACILITATES NEW CLEANTECH PRODUCTS AND SERVICES AND THE JOBS THAT COME WITH THEM. 2015 ACCOMPLISHMENTS INCLUDE: EARNING THE #3 "TOP UNIVERSITY ASSOCIATED BUSINESS INCUBATOR IN THE WORLD" BY UBI GLOBAL; MORE THAN 70 MILLIONS RAISED AND MORE THAN 800 JOBS CREATED BY THE COMPANIES THE ORGANIZATION HELPS; MORE THAN 100 MENTORS AND ADVISORS ENGAGED; MORE THAN 150 PARTNERS, SUPPORTERS AND AFFILIATES; ESTIMATED MORE THAN 180 MILLIONS 5-YEAR ECONOMIC IMPACT ON THE REGION. 687086 136458 CLUSTER MANAGEMENT PROGRAM: CLUSTER MANAGEMENT PROGRAM ENGAGES THE ACTIVE PARTCIPATION AND COOPERATION OF KEY STAKEHOLDERS IN CLEAN TECHNOLOGY CLUSTERS TO FACILITATE TECHNOLOGY COMMERCIALIZATION AND MARKET ADOPTION OF SUSTAINABLE AND ENERGY EFFICIENT PRODUCTS AND SERVICES. COMPONENTS OF CLUSTER MANAGEMENT INCLUDE THE LEADERSHIP COUNCIL, CLEANTECH GLOBAL SHOWCASE (GLOSHO), THE NETWORK FOR GLOBAL INNOVCATION (NGIN), AND THE CALIFORNIA CLEANTECH COMMERCIALIZATION COALITION (4C). 2015 ACCOMPLISHMENTS INCLUDE: ESTABLISHMENT OF THE 4C NETWORK THROUGHOUT CALIFORNIA TO HELP MORE THAN 550 CLEANTECH ENTREPRENEURS; GLOSHO ATTRACTED MORE THAN 575 ATTENDEES AND FEATURED EXHIBITS AND PRESENTATIONS FROM MORE THAN 75 ORGANIZATIONS FROM 14 DIFFERENT COUNTRIES; NGIN GREW TO 15 MEMBERS THAT SHARE BEST PRACTICES, INVESTORS AND DEVELOPMENT OPPORTUNITIES THROUGH FORMAL AGREEMENTS; 6 LEADERSHIP COUNCIL MEETINGS WITH MORE THAN 40 ENGAGED REGIONAL STAKEHOLDERS FOCUSED ON CLEANTECH CLUSTERS AND THOUGHT LEADERSHIP. 470114 235945 LA KRETZ INNOVATION CAMPUS: 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 LABS, DRY LABS, PROTOTYPING SHOP, TRAINING CENTER, AND THE LOS ANGELES DEPARTMENT OF WATER AND POWER (LADWP) CUSTOMER ENGAGEMENT CENTER AND ENERGY EFFICIENCY AND EMERGING TECHNOLOGIES LABORATORIES. THE CAMPUS IS THE FIRST FACILITY IN WHICH AN INCUBATOR IS HOUSED IN THE SAME BUILDING AS THE R&D LABS OF A MAJOR UTILITY. THE ORGANIZATION IS BOTH THE ANCHOR TENANT AND PROPERTY MANAGER FOR THE CAMPUS. 2015 ACCOMPLISHMENTS INCLUDE: MAJOR CONSTRUCTION COMPLETED ON THE 60,000 SQUARE FOOT PROPERTY WITH EARLY OCCUPANCY IN OCTOBER 2015; ONSET OF CAMPUS MANAGEMENT AND OPERATIONS; MOVE AND ESTABLISHMENT OF ORGANIZATION OPERATIONS AT THE CAMPUS, INCLUDING REQUIRED STAFF ADDITIONS. 309595 874735 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. 309595 874735 3015075 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 24 0 0 32 1 0 0 0 0 0 0 0 0 X 4 4 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 DAVID RICCITIELLO TREASURER 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 NEAL ANDERSON CHIEF OPERATING OFFICER 40.00 X 179398 0 0 FRED H WALTI CHIEF EXECUTIVE OFFICER 40.00 X 187500 0 0 IAN GARDNER CHIEF INVESTMENT OFFICER 40.00 X 156287 0 0 AMANDA SABICER VP DEVELOPMENT 40.00 X 105177 0 0 ERIK STEEB VP PROGRAMS 40.00 X 125000 0 0 MICHAEL SWORDS VP PARTNERSHIPS 40.00 X 120000 0 0 873362 0 0 6 0 1 0 ReactWell LLC 2721 St Charles Avenue UNIT 2B New Orleans LA 70130 Management of lab Svcs 152581 Randolphscom LLC 113 Cherry St UNIT 7350 Seattle WA 98104 Executive in Residence mentor 142500 2 1303643 253378 1557021 PROGRAM FEES 900099 1276238 1276238 MEMBERSHIP DUES 900099 94350 94350 1370588 121 121 2927730 1370588 0 121 X 366898 240278 72569 54051 1443495 1118657 195928 128910 44425 33347 6640 4438 129381 97117 19339 12925 93177 93177 88916 88916 803525 694231 74587 34707 29099 22864 3839 2396 60633 47692 10886 2055 49215 38568 9022 1625 199925 156673 36650 6602 155892 152147 3745 140808 140808 4797 4797 13332 10170 2679 483 16510 12973 2178 1359 FISCAL SPONSORSHIP 235542 235542 OTHER EXPENSES 11722 8008 3698 16 BAD DEBTS 6000 6000 3893292 3015075 624905 253312 699628 375589 950511 786495 223520 5933 24007 60221 30791 52605 29430 1932197 1215521 138907 318124 185794 276244 20781 0 345482 594368 X 1586715 606087 0 15066 1586715 621153 1932197 1215521 -965562 0 X 0 1 X 1 1 1 X 1161938 2186132 1557021 4905091 1161938 2186132 1557021 4905091 186780 4718311 12 39 87 121 259 50168 50168 4955518 2604592 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60221 30791 29430 29430 X 2927730 0 2927730 0 2927730 3893292 0 3893292 0 3893292 Part X, Line 2: THE ORGANIZATION 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. THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT OF THE ORGANIZATION DOES NOT BELIEVE THE FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION FOR ALL TAX YEARS ENDED ON OR AFTER DECEMBER 31, 2013, THE FIRST YEAR THE ORGANIZATION FILED A RETURN, WITH REGARD TO ALL TAX POSITIONS AND THE RESULTS REPORTED. X 0 0 0 0 0 0 0 0 0 NEAL ANDERSON CHIEF OPERATING OFFICER 179398 0 0 0 0 0 0 0 0 0 179398 0 0 0 FRED H WALTI CHIEF EXECUTIVE OFFICER 187500 0 0 0 0 0 0 0 0 0 187500 0 0 0 IAN GARDNER CHIEF INVESTMENT OFFICER 156287 0 0 0 0 0 0 0 0 0 156287 0 0 0 Form 990, Part VI, Section B, line 11 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 ENGAGED CORPORATE LEGAL COUNSEL (MANATT, PHELPS & PHILLIPS) TO HELP IDENTIFY INDEPENDENT OUTSIDE EVALUATION FOR EXECUTIVE COMPENSATION. THE BOARD OF DIRECTORS SUBSEQUENTLY SELECTED MERCER, A NATIONAL CONSULTING FIRM SPECIALIZING IN EXECUTIVE COMPENSATION AND BENEFITS, TO CONDUCT AN EXECUTIVE COMPENSATION EVALUATION AND REPORT. MERCER COMPLETED THEIR STUDY AND DELIVERED AN EXECUTIVE COMPENSATION REPORT ON JANUARY 27, 2015. GUIDED BY LEGAL COUNSEL, EXECUTIVE COMPENSATION COUNSEL, AND THE DUE DILIGENCE PROCEDURES CONTAINED IN LACI'S CONFLICT OF INTEREST POLICY, THE BOARD OF DIRECTORS FORMALLY AND INDEPENDENTLY APPROVED THE COMPENSATION FOR THE TWO TOP EXECUTIVES OF LACI. 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 246,806. Management and general expenses 41,439. Fundraising expenses 25,862. Total expenses 314,107. CONSULTING FEES: Program service expenses 447,425. Management and general expenses 33,148. Fundraising expenses 8,845. Total expenses 489,418.