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Nonprofiteer
← LOS ANGELES CLEANTECH INCUBATOR

Form 990 for tax year 2024

Filed by LOS ANGELES CLEANTECH INCUBATOR.

Totals

Total revenue
$11,028,403
Total expenses
$17,775,299
Contributions and grants received
$8,493,278
Grants paid
$505,405
Program service revenue
$2,149,620
Investment income
$419,705
Other revenue
-$34,200
Total assets, end of year
$17,370,598
Total liabilities, end of year
$4,844,500
Net assets or fund balances, end of year
$12,526,098
Program services expenses (Part IX)
$15,703,428
Management and general expenses
$1,046,079
Fundraising expenses
$1,025,792
Program service expenses (Part III)
$15,703,428

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1c · Fundraising events

    $100,783

  • 1e · Government grants (contributions)

    $5,600,467

  • 1f · All other contributions, gifts and grants

    $2,792,028

  • 1g · Noncash contributions included above

    $150,000

  • 2a · Program service revenue: LA KRETZ INNOVATION CAMPUS

    total $2,102,620 · related or exempt $2,102,620

  • 2b · Program service revenue: PROGRAM FEES

    total $47,000 · related or exempt $47,000

  • 3 · Investment income

    total $419,705 · excluded $419,705

  • 8a · Fundraising events: gross income

    $17,500

  • 8a · Fundraising events: contributions included on line 1c

    $100,783

  • 8b · Fundraising events: direct expenses

    $63,283

  • 8c · Net income from fundraising events

    total -$45,783 · excluded -$45,783

  • 11a · Other revenue: GP MANAGEMENT FEES

    total $10,000 · unrelated business $10,000

  • 11b · Other revenue: OTHER INCOME

    total $1,583 · excluded $1,583

  • 11e · Other revenue, total

    $11,583

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $505,405 · program services $505,405

  • 5 · Compensation of officers, directors and key employees

    total $1,080,220 · program services $912,137 · management and general $59,269 · fundraising $108,814

  • 7 · Other salaries and wages

    total $5,549,362 · program services $4,677,630 · management and general $313,679 · fundraising $558,053

  • 8 · Pension plan contributions

    total $193,786 · program services $166,655 · management and general $7,263 · fundraising $19,868

  • 9 · Other employee benefits

    total $444,550 · program services $382,656 · management and general $16,274 · fundraising $45,620

  • 10 · Payroll taxes

    total $460,926 · program services $396,102 · management and general $17,215 · fundraising $47,609

  • 11b · Fees: legal

    total $134,119 · program services $112,952 · management and general $10,272 · fundraising $10,895

  • 11c · Fees: accounting

    total $59,605 · program services $50,610 · management and general $4,365 · fundraising $4,630

  • 11d · Fees: lobbying

    total $80,972 · program services $79,006 · management and general $817 · fundraising $1,149

  • 11g · Fees: other

    total $5,394,161 · program services $5,288,645 · management and general $41,736 · fundraising $63,780

  • 12 · Advertising and promotion

    total $472,470 · program services $363,270 · management and general $21,275 · fundraising $87,925

  • 13 · Office expenses

    total $187,922 · program services $169,968 · management and general $7,533 · fundraising $10,421

  • 14 · Information technology

    total $240,538 · program services $206,418 · management and general $16,481 · fundraising $17,639

  • 16 · Occupancy

    total $1,539,493 · program services $1,462,531 · management and general $76,962

  • 17 · Travel

    total $420,851 · program services $386,294 · management and general $10,913 · fundraising $23,644

  • 19 · Conferences, conventions and meetings

    total $124,771 · program services $110,352 · management and general $6,955 · fundraising $7,464

  • 20 · Interest

    total $13,278 · program services $12,243 · management and general $1,035

  • 22 · Depreciation, depletion and amortization

    total $23,327 · program services $20,392 · management and general $1,818 · fundraising $1,117

  • 23 · Insurance

    total $255,499 · program services $237,013 · management and general $8,971 · fundraising $9,515

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $416,988 · management and general $416,988

  • 24b · Other expenses: SUBS MEMBERSHIP REGISTR

    total $94,500 · program services $93,682 · management and general $329 · fundraising $489

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $81,540 · program services $68,544 · management and general $5,929 · fundraising $7,067

  • 24e · All other expenses

    total $1,016 · program services $923 · fundraising $93

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,244,334 · end of year $206,167

  • 2 · Savings and temporary cash investments

    beginning of year $13,424,607 · end of year $10,375,618

  • 3 · Pledges and grants receivable

    beginning of year $6,944,046 · end of year $6,108,559

  • 4 · Accounts receivable

    beginning of year $472,290 · end of year $484,882

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,189 · end of year $152,908

  • 10a · Land, buildings and equipment: cost or other basis

    $300,848

  • 10b · Land, buildings and equipment: accumulated depreciation

    $272,285

  • 10c · Land, buildings and equipment, net

    beginning of year $42,078 · end of year $28,563

  • 15 · Other assets

    beginning of year $23,714 · end of year $13,901

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,178,049 · end of year $1,945,608

  • 19 · Deferred revenue

    beginning of year $161,591 · end of year $2,373,846

  • 24 · Unsecured notes and loans payable

    beginning of year $35,624 · end of year $25,046

  • 25 · Other liabilities

    beginning of year $0 · end of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year $620,461 · end of year $274,726

  • 28 · Net assets with donor restrictions

    beginning of year $19,252,533 · end of year $12,251,372

Mission and programs · 2024

Mission

THE ORGANIZATION WAS FORMED TO PERFORM AND CARRY OUT EXPRESSLY CHARITABLE PURPOSES. THE SPECIFIC EXEMPT PURPOSES OF THE ORGANIZATION ARE (I) TO ACCELERATE THE COMERCIALIZATION 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 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").

Activities or mission (Part I)

TO FOCUS THE PRIVATE AND PUBLIC SECTORS ON THE PROCESS AND TECHNOLOGIES REGARDING THE SUSTAINABLE CONSUMPTION OF NATURAL RESOURCES.

  • MARKET TRANSFORMATION: TO ACCELERATE SYSTEM CHANGE ACROSS ZERO EMISSIONS TRANSPORTATION, CLEAN ENERGY, AND SUSTAINABLE CITIES, LACI CONVENES PUBLIC-PRIVATE PARTNERSHIPS TO ALIGN KEY STAKEHOLDERS ON AMBITIOUS REGIONAL GOALS AND ADVANCE PROGRESS TOWARDS THOSE GOALS BY PURSUING BOLD TARGETS, PILOTS, AND POLICIES THAT ARE EQUITY-DRIVEN, CREATE QUALITY JOBS, AND GROW THE ECONOMY. IN 2018, LACI FIRST CONVENED THE TRANSPORTATION ELECTRIFICATION PARTNERSHIP (TEP), AN UNPRECEDENTED MULTI-YEAR PARTNERSHIP AMONG LOCAL, REGIONAL, AND STATE STAKEHOLDERS THAT IS WORKING TO ACCELERATE PROGRESS TOWARDS TRANSPORTATION ELECTRIFICATION IN THE GREATER LA REGION IN ADVANCE OF THE 2028 OLYMPIC AND PARALYMPIC GAMES. IN 2023, WE LAUNCHED THE CLEAN ENERGY PARTNERSHIP TO ACCELERATE THE REDUCTION OF GHG EMISSIONS IN THE LA REGION BY AN ADDITIONAL 15% ACROSS THE ELECTRICITY, BUILDING, AND TRANSPORTATION SECTORS BY 2028. SINCE 2019, LACI HAS DEVELOPED AND IMPLEMENTED CLEANTECH PILOTS WITH AND IN COMMUNITIES THROUGHOUT LA COUNTY (FOR EXAMPLE: SAN PEDRO, SOUTH CENTRAL, PACOIMA), TESTING MARKET-READY TECHNOLOGY AND BUSINESS MODEL INNOVATIONS TO MEET COMMUNITY NEEDS, AND SURFACING LEARNINGS TO SCALE THOSE SOLUTIONS MORE WIDELY. FOR INSTANCE, IN 2024, LACI SUCCESSFULLY CONCLUDED THE PILOT PHASE OF OUR POPULAR E-BIKE LENDING LIBRARY IN WATTS, WILLOWBROOK AND COMPTON, TURNING THE OWNERSHIP OF THE LONG-TERM SERVICE OVER TO OUR PARTNER. DURING THE 18-MONTH PILOT, COMMUNITY MEMBERS ACCUMULATED 23,000+ VEHICLE MILES TRAVELED ON THE 84-BIKE FLEET, AND 9 PEOPLE REPLACED THEIR CARS WITH E-BIKES. IN 2024, LACI ALSO LAUNCHED THE FIRST COHORT OF OUR CITY CLIMATE INNOVATION CHALLENGE, A PROGRAM TO HELP CITIES ACROSS THE COUNTRY INCORPORATE INNOVATION TO ACHIEVE CLIMATE GOALS RELATED TO SPECIFIC PRIORITY TOPICS; THE FIRST COHORT INCLUDES 9 CITIES FOCUSED ON ADVANCING A VARIETY OF ZERO EMISSION DELIVERY SOLUTIONS.

    Expenses $4,687,545 · Grants $5,405

  • UNLOCKING INNOVATION: LACI INCUBATES AND ACCELERATES CLEANTECH STARTUPS AND HELPS COMMERCIALIZE THEIR TECHNOLOGIES BY PROVIDING IN-CLASS COACHING AND ADVICE TO FOUNDERS, FACILITATING INVESTMENT PREPARATION AND ASSISTANCE WITH SHARED BUSINESS SERVICES, AND PROVIDING ACCESS TO HIGH-VALUE RESOURCES. WE OFFER THREE TIERS OF COHORT-BASED PROGRAM SUPPORT: INNOVATORS FOR PRE-COMMERCIAL, EARLY-STAGE ENERGY ENTREPRENEURS; OUR CORE INCUBATION PROGRAM, TO SUPPORT PRE-SEED AND SEED-STAGE CLEANTECH STARTUPS IN SOUTHERN CALIFORNIA; AND MARKET ACCESS, A PILOT CENTRIC PROGRAM FOR SERIES A CLEANTECH STARTUPS READY TO SCALE. IN 2024, LACI WELCOMED 57 COMPANIES INTO OUR PROGRAMS, MANY OF WHICH RECEIVED FUNDING AND SUPPORT FROM LACI TO DEPLOY PILOTS DESIGNED TO ADVANCE THE COMMERCIALIZATION OF THEIR TECHNOLOGIES. FOR EXAMPLE, FEMALE-FOUNDED THERMOSHADE SHOWCASED THE PASSIVE COOLING EFFECT THEIR SHADING STRUCTURE CAN PROVIDE IN REAL-LIFE SETTINGS, PROVING THEIR STRUCTURE CREATES A 20F COOLER ENVIRONMENT THAN UNDER A CANVAS AWNING, AND LEADING TO PROJECTS WITH A LOCAL SCHOOL AND DAIRY FARM. IN ANOTHER EXAMPLE, STARTUP SYMMETRY WOOD WORKED OUT OF THE ADVANCED PROTOTYPING CENTER (APC) AT THE LA KRETZ INNOVATION CAMPUS TO CREATE THE FIRST-EVER GUITAR MADE WITH THEIR TECHNOLOGY, PYRUS (WOOD-LIKE MATERIAL MADE FROM KOMBUCHA WASTE) IN THE FRET/FINGERBOARD. THROUGH PILOTS SUCH AS THESE, STARTUPS CONDUCT HANDS-ON EXPERIMENTATION AND DATA-DRIVEN ANALYSIS, ACCELERATING THE DEVELOPMENT OF BREAKTHROUGH TECHNOLOGIES THAT HAVE THE POTENTIAL TO REVOLUTIONIZE THE CLEANTECH LANDSCAPE. MOREOVER, THESE EXAMPLES ARE ILLUSTRATIVE OF THE WAY UNLOCKING INNOVATION WORKS COLLABORATIVELY ACROSS THE OTHER PILLARS - AND LEVERAGES THE LKIC FACILITY - TO ADVANCE OUR FOUNDER-FACING GOALS AND OBJECTIVES.

    Expenses $4,442,450 · Grants $500,000 · Revenue $47,000

  • ENHANCING COMMUNITY: LACI FOCUSES ON CREATING EQUITABLE PATHWAYS INTO THE GREEN ECONOMY THROUGH A NUMBER OF PROGRAMS. LACI'S GREEN JOBS WORKFORCE DEVELOPMENT PROGRAMS PROVIDE UN/UNDEREMPLOYED PARTICIPANTS FROM UNDERSERVED COMMUNITIES WITH TECHNICAL TRAINING, INDUSTRY-RECOGNIZED CERTIFICATIONS, CAREER COACHING, AND PAID INTERNSHIPS WITH OUR LACI STARTUPS AND PARTNER ORGANIZATIONS. SINCE LACI LAUNCHED OUR GREEN JOBS WORKFORCE DEVELOPMENT PROGRAMS IN 2019, WE HAVE TRAINED OVER 500 PARTICIPANTS (AVERAGE 88% PEOPLE OF COLOR; 37% WOMEN, 6% JUSTICE IMPACTED). ON AVERAGE, 75% OF PARTICIPANTS HAVE BEEN PLACED IN PAID INTERNSHIPS, WELL-PAYING JOBS (STARTING SALARIES OF AT LEAST $20/HOUR OR $41,600 ANNUAL SALARY), OR POST-SECONDARY EDUCATION. LACI ALSO HOSTS GENDER-EQUITY FOCUSED PROGRAMS, INCLUDING OUR WOMEN IN CLEANTECH PROGRAM FOCUSED ON RECRUITING AND SUPPORTING MORE WOMEN IN ACCELERATING THEIR CLEANTECH SOLUTIONS, SECTOR EXPERTISE, AND CAREER GROWTH. LACI ALSO LEADS A MIDDLE SCHOOL GIRLS IN STEM PROGRAM FOCUSED ON INSPIRING GIRLS TO LEARN MORE ABOUT THE CLIMATE CRISIS AT A YOUNG AGE, FIND THEIR AGENCY AS PROBLEM-SOLVERS, AND EXPLORE FUTURE CAREER PATHWAYS AT THE INTERSECTION OF STEM + SUSTAINABILITY. IN 2024, LACI LED FOUR WORKFORCE TRAINING PROGRAMS FOCUSED ON BUILDING ENERGY MANAGEMENT SYSTEMS, SUPPLY CHAIN & LOGISTICS, EV CHARGING STATION MAINTENANCE, AND PRODUCT MANUFACTURING. WE ALSO LAUNCHED OUR GREEN JOBS REGIONAL PARTNERSHIP, CONVENING KEY STAKEHOLDERS TO DEVELOP A WORKFORCE NEEDS ASSESSMENT & TRAINING LANDSCAPE. FINALLY, IN 2024 WE LAUNCHED THE SOUTH LA MULTI-MANUFACTURER EV CHARGER RELIABILITY HUB, TOGETHER WITH LACI ALUMNI COMPANY CHARGERHELP!

    Expenses $3,916,687

  • LACI STEWARDSHIP OF LA KRETZ INNOVATION CAMPUS (LKIC): ON BEHALF OF THE CITY OF LOS ANGELES AND LADWP, LACI IS PROUD TO STEWARD THE 3.2 ACRE STATE-OF-THE-ART LA KRETZ INNOVATION CAMPUS, WHICH PROVIDES A CRITICAL HUB FOR CLEANTECH INNOVATION IN LOS ANGELES. THE CAMPUS FEATURES THE ADVANCED PROTOTYPING CENTER (APC), A COLLABORATIVE MAKERSPACE WHERE ENTREPRENEURS, ARTISTS, INVENTORS, AND STARTUPS CAN DESIGN, BUILD, TEST AND CERTIFY INNOVATIVE PRODUCTS, ALL UNDER ONE ROOF. THE APC FEATURES MORE THAN $11 MILLION WORTH OF TOOLS, LABS, AND SHOPS, INCLUDING AN ELECTRONICS LAB, BIOCHEMISTRY LAB, CELL LAB, CNC MACHINE, WATER JET, 3D PRINTING, WELDING EQUIPMENT, USE OF PREMIUM CAD SOFTWARE, LASER CUTTERS, A TRAINING CENTER, AND MORE. LKIC ALSO FEATURES THE INTERACTIVE LOS ANGELES DEPARTMENT OF WATER AND POWER CUSTOMER ENGAGEMENT LAB, AS WELL AS ENERGY EFFICIENCY AND EMERGING TECHNOLOGIES LABORATORIES. THE FACILITY ATTRACTS A CONSISTENT ROSTER OF PROFESSIONAL DEVELOPMENT WORKSHOPS, COMMUNITY EVENTS, AND PANEL DISCUSSIONS HOSTED BY LADWP, LACI, CAMPUS MEMBERS, PORTFOLIO SERVICES PROVIDERS AND COMMUNITY GROUPS. NOTABLY, IN 2024 LACI WAS ABLE TO INCREASE VISITOR ACTIVITY ON CAMPUS BY 147%, RAISING THE NUMBER OF ANNUAL VISITORS FROM ROUGHLY 6700 TO ALMOST 16,000 VISITORS IN 2024. LACI ALSO RECONFIGURED ITS PRODUCT OFFERINGS FOR THE LKIC COWORKING SPACE, RESULTING IN AN 82% OCCUPANCY RATE (UP FROM JUST OVER 60% IN THE PRIOR YEAR). OUR 82% OCCUPANCY RATE IS IN COMPARISON TO ROUGHLY 70% OCCUPANCY RATE IN THE SURROUNDING AREA (COMMERCIAL AND OFFICE).

    Expenses $2,656,746 · Revenue $2,102,620

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Cassleberry

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • David Nahai

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Rienhoff

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Allison Holmes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Leslie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Jennings

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Tellalian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alfred Fraijo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brett Hauser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Liz Heller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Zubin Davar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mathew Petersen

    PRESIDENT AND CEO

    Total calculated
    $531,226
    From this org
    $494,774
    From related orgs
    $0
    Other
    $36,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $382,274
    Bonus
    $112,500
    Other
    $0
    Deferred
    $17,250
    Nontaxable benefits
    $19,202
    Filer's total
    $531,226

  • Ben Stilp

    EXECUTIVE VP, OPERATIONS & FINANCE

    Total calculated
    $257,571
    From this org
    $239,205
    From related orgs
    $0
    Other
    $18,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,129
    Bonus
    $20,000
    Other
    $48,076
    Deferred
    $11,750
    Nontaxable benefits
    $6,616
    Filer's total
    $257,571

  • Amanda Sabicer

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $312,632
    From this org
    $274,995
    From related orgs
    $0
    Other
    $37,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,995
    Bonus
    $25,000
    Other
    $0
    Deferred
    $11,654
    Nontaxable benefits
    $25,983
    Filer's total
    $312,632

  • Estelle Reyes

    SR. VP, ENHANCING COMMUNITIES

    Total calculated
    $235,505
    From this org
    $217,996
    From related orgs
    $0
    Other
    $17,509
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,075
    Bonus
    $10,921
    Other
    $0
    Deferred
    $8,240
    Nontaxable benefits
    $9,269
    Filer's total
    $235,505

  • Michelle Kinman

    SR. VP, MARKET TRANSFORMATION

    Total calculated
    $242,684
    From this org
    $212,281
    From related orgs
    $0
    Other
    $30,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,281
    Bonus
    $13,000
    Other
    $0
    Deferred
    $10,614
    Nontaxable benefits
    $19,789
    Filer's total
    $242,684

  • Adrienne Lindgren

    SR. VP, UNLOCKING INNOVATION

    Total calculated
    $200,253
    From this org
    $188,204
    From related orgs
    $0
    Other
    $12,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,204
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,049
    Filer's total
    $200,253

  • Jillian Misrack

    VICE PRESIDENT, DEVELOPMENT

    Total calculated
    $190,830
    From this org
    $170,981
    From related orgs
    $0
    Other
    $19,849
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,781
    Bonus
    $10,200
    Other
    $0
    Deferred
    $8,549
    Nontaxable benefits
    $11,300
    Filer's total
    $190,830

  • Michael Swords

    VICE PRESIDENT, GOVERNMENT AFFAIRS

    Total calculated
    $161,340
    From this org
    $157,034
    From related orgs
    $0
    Other
    $4,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,914
    Bonus
    $8,120
    Other
    $0
    Deferred
    $4,011
    Nontaxable benefits
    $295
    Filer's total
    $161,340

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
BEN STILP RECEIVED A SEVERANCE PAYMENT OF $48,076.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LACI IMPACT FUND GP II LLC

    INVESTMENT MANAGEMENT · CA · income $0 · assets $0

    Directly controlled by LOS ANGELES CLEANTHECH INCUBATOR

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • LACI IMPACT GP LLC

    INVESTMENT · INVESTMENT · CA · 50% owned · general or managing partner

    Directly controlled by LOS ANGELES CLEANTECH INCUBATOR

  • LACI IMPACT FUND LLC

    INVESTMENT · INVESTMENT · CA · 50% owned

    Directly controlled by LACI IMPACT GP LLC

  • LACI CLEANTECH DEBT FUND LP

    INVESTMENT · INVESTMENT · CA · general or managing partner

    Directly controlled by LACI IMPACT FUND II LLC

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202523179349311782

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