Totals
- Total revenue
- -$845,232
- Total expenses
- $0
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- -$845,232
- Total assets, end of year
- $44,715,038
- Total liabilities, end of year
- $43,893,098
- Net assets or fund balances, end of year
- $821,940
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,195,404
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
6a · Gross rents
real property $2,350,172
-
6b · Less rental expenses
real property $3,195,404
-
6c · Rental income or loss
real property -$845,232
-
6d · Net rental income or loss
total -$845,232 · related or exempt -$845,232
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,234,319 · end of year $1,233,098
-
4 · Accounts receivable
beginning of year $1,449,784 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $8,244,692 · end of year $9,183,173
-
10a · Land, buildings and equipment: cost or other basis
$27,357,289
-
10b · Land, buildings and equipment: accumulated depreciation
$3,830,022
-
10c · Land, buildings and equipment, net
beginning of year $35,096,413 · end of year $23,527,267
-
15 · Other assets
beginning of year $0 · end of year $10,771,500
-
23 · Secured mortgages and notes payable
beginning of year $42,660,000 · end of year $42,660,000
-
25 · Other liabilities
beginning of year $1,698,036 · end of year $1,233,098
-
27 · Net assets without donor restrictions
beginning of year $1,667,172 · end of year $821,940
Mission and programs · 2022
Mission
TO ACQUIRE AND DEVELOP FACILITIES THAT WILL ATTRACT, SUPPORT AND INCUBATE OR ACCELERATE BUSINESSES DEVELOPING AND COMMERCIALIZING CLEAN AND EFFICIENT ENERGY TECHNOLOGIES IN THE CITY OF LOS ANGELES.
Activities or mission (Part I)
SEE FORM 990, PART III, LINE 1
-
THE ORGANIZATION CONSTRUCTED A 60,000 SQUARE FOOT FACILITY ON 3.2 ACRES FOR LOS ANGELES DEPARTMENT OF WATER AND POWER'S LA KRETZ INNOVATION CAMPUS. THE FACILITY INCLUDES THE FOLLOWING FEATURES: 30,000 SQUARE FEET OF COLLABORATIVE WORKSPACE AND OFFICES, ADVANCED PROTOTYPING CENTER, 125 PERSON AMPHITHEATER AND CONFERENCE SPACE, TRAINING CENTER WITH 3 LARGE CLASSROOMS, 175 KW SOLAR FARM AND MICRO GRID R&D CENTER, CUSTOMER ENGAGEMENT CENTER AND TESTING LABORATORIES. ALL EXPENSES ARE DIRECTLY RELATED TO THE OPERATING LEASE.
Expenses $3,195,404 · Revenue $2,350,172
As filed on the 2022 return.
Listed in Part VII
-
Jim McDermottJIM MCDERMOTT
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard MorgansternRICHARD MORGANSTERN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David NahaiDAVID NAHAI
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ken PickarKEN PICKAR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tom SotoTOM SOTO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matt PetersenMATT PETERSEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn HullCAROLYN HULL
SECRETARY
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
David RiccitielloDAVID RICCITIELLO
TREASURER
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
Aaron GrossAARON GROSS
CEO
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
Fred H Walti IIFRED H WALTI II
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
Neal AndersonNEAL ANDERSON
CO-FOUNDER & COO
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
Erik SteebERIK STEEB
CHIEF PROGRAMS OFFICER
- Total calculated
- $0
- Hours/week
- 5 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LOS ANGELES CLEANTECH INCUBATOR INC
501(C)(3) · OPERATES AND MAINTAINS LA KRETZ INNOVATION CAMPUS · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349307514
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