2015-11-13T10:42:12-06:00 2014-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2014-01-01 454998717 LOS ANGELES CLEANTECH INCUBATOR LOSA 2133758980 525 S HEWITT STREET LOS ANGELES CA 90013 NEAL ANDERSON CHIEF OPERATING OFFICER 2133758980 2015-11-12 1 LIOR TEMKIN P00748170 3104773924 2015-11-12 2014 2016-04-25 22:37:26Z X NEAL ANDERSON 525 S HEWITT STREET LOS ANGELES CA 90013 3035453 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 10 4 0 0 1161938 2186132 358486 849234 39 87 50168 0 1570631 3035453 0 0 0 0 144250 517243 20000 40000 120418 832533 1711583 996783 2268826 573848 766627 929818 1932197 11954 345482 917864 1586715 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 977561 114210 CORE PROGRAM: THE ORGANIZATION'S CORE PROGRAM, A GLOBALLY RECOGNIZED SUITE OF INCUBATION, ACCELERATION AND COMMERCIALIZATION SERVICES THAT HELP TO REMOVE BARRIERS TO INCREASE THE MARKET SUCCESS OF EARLY STAGE CLEAN TECHNOLOGY BUSINESSESS TO FACILITATE NEW CLEANTECH PRODUCTS AND SERVICES, AND THE JOBS THAT COME WITH THEM. 461736 102092 CLUSTER MANAGEMENT PROGRAM: CLUSTER MANAGEMENT PROGRAM FACILITATES 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. COMPONENTS OF CLUSTER MANAGEMENT CURRENTLY INCLUDE THE LEADERSHIP COUNCIL, CLEANTECH GLOBAL SHOWCASE (GLOSHO), AND THE NETWORK FOR GLOBAL INNOVAITON (NGIN)." 198693 193715 FISCAL SPONSORSHIP PROGRAM: 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. 253142 439217 LOS ANGELES CLEANTECH INCUBATOR ALSO OFFERS THE FOLLOWING PROGRAMS: SATELLITE PROGRAMS: BRINGS 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 MANAGEMENT PROGRAMS: FACILITATES 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. COMPONENTS OF CLUSTER MANAGEMENT CURRENTLY INCLUDE THE LEADERSHIP COUNCIL, CLEANTECH GLOBAL SHOWCASE ("GLOSHO") AND THE NETWORK FOR GLOBAL INNOVATION ("NGIN"). 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. LA KRETZ INNOVATION CAMPUS PROGRAMS: SUPPORTS THE ORGANIZATION'S CORE SERVICES AND RELATED PROGRAMS THROUGH A STATE-OF-THE-ART AND MULTI-USE FACILITY. 253142 439217 1891132 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 28 0 0 10 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X X AARON GARCIA 2133758983 525 S HEWITT STREET LOS ANGELES CA 90013 X RICHARD MORGANSTERN CHAIRPERSON 1.00 X 0 0 0 DAVID RICCITIELLO TRESURER 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 60.00 X 0 0 0 FRED H WALTI EXECUTIVE DIRECTOR 60.00 X 0 0 0 0 0 0 0 0 0 0 THE PROPELLANT GROUP LLC 781 MORADA PL ALTADENA CA 91101 MGMT. CONSULTING 375000 SEGUE CONSULTING SERVICES 518 SERRANO DR SAN LUIS OBISPO CA 93405 CONSULTING 140000 2 1178798 1007334 2186132 PROGRAM FEES 900099 757674 757674 MEMBERSHIP DUES 900099 91560 91560 849234 87 87 3035453 849234 0 87 X 474570 406410 50108 18052 42673 36544 4506 1623 375000 303750 48750 22500 19069 13569 2095 3405 5541 3943 609 989 40000 40000 547539 453816 74678 19045 53041 41565 11476 136137 105704 30433 74087 63053 1995 9039 201720 198027 928 2765 1309 1309 13278 11140 2138 13933 7522 5788 623 FISCAL SPONSORSHIP 194243 194243 OTHER EXPENSES 53132 28685 22070 2377 BAD DEBTS 21750 21750 DUES AND SUPSCRIPTIONS 1804 1411 393 2268826 1891132 257276 120418 349912 621690 275951 77938 204887 223520 69766 950511 5933 73458 20853 29302 52605 929818 1932197 4354 138907 185794 7600 20781 11954 345482 X 917864 919359 667356 917864 1586715 929818 1932197 766627 -97776 0 X 0 1 X 1 1 1 X 1161938 2186132 3348070 1161938 2186132 3348070 997474 2350596 12 79899 87 79998 10063 10063 3438131 1233992 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73458 20853 52605 52605 CAPITAL LEASE OBLIGATION 20781 20781 X 3035453 0 3035453 0 3035453 2268826 0 2268826 0 2268826 PART X, LINE 2: IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, "UNCERTAINTY IN INCOME TAXES" ("ASC 740"), THE ORGANIZATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE ORGANIZATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. DURING THE YEAR ENDED DECEMBER 31, 2014 AND 2013, THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. 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 X 1 STARFISH IMPACT INC 3532 CAMINO DE LA CUMBRE SHERMAN OAKS CA 914234517 FUNDRAISING 0 912077 40000 872077 912077 40000 872077 CA NEAL ANDERSON AND FRED WALTI PRESIDENT & CEO, AND COO OF LACI AND CO-FOUNDERS OF THE PROPELLANT GROUP 375000 LA CLEANTECH INCUBATOR MONITORS COSTS AND HAS TAKEN VARIOUS MEASURES TO ENSURE FUNCTIONAL EXPENSES ARE KEPT TO A MINIMUM. ONE OF THESE MEASURES IS TO UTILIZE A MANAGEMENT FIRM TO OVERSEE PROGRAMS AND ADMINISTER GENERAL AND ADMINISTRATIVE FUNCTIONS AND FUNDRAISING ACTIVITIES. THE MANAGEMENT FIRM, THE PROPELLANT GROUP LLC, FULFILLS THE FOLLOWING ROLES FOR LA CLEANTECH INCUBATOR: PRESIDENT & CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER, DEVELOPMENT MANAGER (STRATEGY & SUPERVISION), PROGRAM MANAGER (PROGRAM SUPERVISION AND DEVELOPMENT), AND OTHER TASKS AS REQUIRED. 0 0 X OFFICE FURNITURE 1 0 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 FRED H. WALTI AND NEAL ANDERSON ARE BOTH PROFESSIONALS WHO FULFILL THE DUTIES OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS FILED BY AN OUTSIDE ACCOUNTANT AND REVIEWED BY THE ORGANIZATION'S TOP MANAGEMENT. ONCE APPROVED BY MANAGEMENT, THE 990 IS PROVIDED TO THE BOARD PRIOR TO ELECTRONIC 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 COMPENSATION DECISIONS FOR ALL OF THE ORGANIZATION'S OFFICERS, EMPLOYEES, AND INDEPENDENT CONTRACTORS WILL BE DETERMINED BASED ON THE MOST UP-TO-DATE MARKET DATA INCLUDING SALARY SURVEYS, COMPETITOR ANALYSIS, AND INFORMATION PROVIDED BY COMPENSATION AND BENEFITS CONSULTANTS. ALL COMPENSATION DECISIONS WILL BE FAIR, REASONABLE AND NEGOTIATED AT ARM'S LENGTH. FORM 990, PART VI, SECTION C, LINE 18 FORM 1023 AND ALL OTHER INFORMATIONAL RETURN DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND INFORMATIONAL RETURNS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES : PROGRAM SERVICE EXPENSES 311,925. MANAGEMENT AND GENERAL EXPENSES 52,774. FUNDRAISING EXPENSES 5,939. TOTAL EXPENSES 370,638. PROFESSIONAL SERVICES : PROGRAM SERVICE EXPENSES 141,891. MANAGEMENT AND GENERAL EXPENSES 21,904. FUNDRAISING EXPENSES 13,106. TOTAL EXPENSES 176,901.