2024-11-15T14:11:33-06:00 2023-12-31 320530003 QUIGLEY & MIRON 3550 WILSHIRE BLVD 1660 LOS ANGELES CA 90010 990 2023-01-01 270732846 LOS ANGELES STREETCAR INC LOSA 2136265321 850 SOUTH BROADWAY PH FLOOR LOS ANGELES CA 90014 PATRICK SPILLANE TREASURER 2136265321 2024-11-15 0 ARMEN GRIGORIAN P01582463 2136393550 2023 2024-10-15 13:58:12Z STEVE NEEDLEMAN 850 SOUTH BROADWAY PH FLOOR LOS ANGELES CA 90014 1013 0 X WWW.LASTREETCAR.ORG X 2010 CA LEAD THE FUNDRAISING AND DEVELOPMENT EFFORTS OF THE LOS ANGELES STREETCAR PROJECT, INCLUDING OVERSIGHT OF ALL REQUIRED PLANNING, ENVIRONMENTAL, ENGINEERING, AND DEVELOPMENT PROCESSES. 16 16 0 16 0 0 291 0 0 0 257 1013 0 0 548 1013 0 0 0 0 0 0 0 0 0 186886 164822 186886 164822 -186338 -163809 304775 112491 38705 10230 266070 102261 X LEAD THE FUNDRAISING AND DEVELOPMENT EFFORTS OF THE LOS ANGELES STREETCAR PROJECT, INCLUDING OVERSIGHT OF ALL REQUIRED PLANNING, ENVIRONMENTAL, ENGINEERING, AND DEVELOPMENT PROCESSES. 0 0 143985 LOS ANGELES STREETCAR, INC. (LASI) IS A 501(C)(3) NON-PROFIT PUBLIC/PRIVATE PARTNERSHIP MODELED AFTER THE SUCCESSFUL PUBLIC-PRIVATE/NON-PROFIT PARTNERSHIPS IN PORTLAND AND SEATTLE, WHICH PIONEERED MODERN STREETCAR SYSTEMS IN THE WESTERN UNITED STATES. LASI WAS FOUNDED BY LONG-TIME PUBLIC AND PRIVATE DOWNTOWN LOS ANGELES STAKEHOLDERS IN JANUARY 2009. LASI'S MISSION IS TO LEAD THE FUNDRAISING AND DEVELOPMENT EFFORTS OF THE STREETCAR PROJECT, INCLUDING OVERSIGHT OF ALL REQUIRED PLANNING, ENVIRONMENTAL, ENGINEERING, AND DEVELOPMENT PROCESSES. DURING 2013, LASI SPONSORED A SUCCESSFUL REFERENDUM TO FORM A COMMUNITY FACILITIES DISTRICT WHICH WILL PROVIDE $62.5 MILLION OF THE CAPITAL CONSTRUCTION COSTS OF THE STREETCAR PROJECT THROUGH A COMMUNITY FACILITIES DISTRICT PUBLIC BOND ISSUANCE. LASI HAS BEEN FUNDED INITIALLY BY GRANTS FROM THE NOW DEFUNCT COMMUNITY REDEVELOPMENT AGENCY OF LOS ANGELES (CRA/LA) AND MORE RECENTLY BY CONTRIBUTIONS FROM THE GENERAL PUBLIC AND RECEIPT OF TFAR (TRANSFER OF FLOOR AREA RATION) COMMUNITY BENEFIT PAYMENTS MADE BY DOWNTOWN LA DEVELOPERS BUILDING NEW GROUND UP PROJECTS IN, ON OR NEAR THE LASI STREETCAR ROUTE. 143985 1 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X THE ORGANIZATION 2136265321 850 SOUTH BROADWAY PH FLOOR LOS ANGELES CA 90014 X KEVIN RIEGER VICE CHAIRMAN 2.00 X X 0 0 0 NOLAN MARSHALL DIRECTOR 0.50 X 0 0 0 ROCKY ROCKEFELLER DIRECTOR 0.50 X 0 0 0 STEVE NEEDLEMAN CHAIRMAN 2.00 X X 0 0 0 JAMES OKAZAKI DIRECTOR 0.50 X 0 0 0 JESSICA LALL DIRECTOR 0.50 X 0 0 0 BLAIR BESTEN DIRECTOR 0.50 X 0 0 0 DANIEL TABAN DIRECTOR 0.50 X 0 0 0 PATRICK SPILLANE TREASURER 2.00 X X 0 0 0 ADAM BURKE DIRECTOR 0.50 X 0 0 0 PAUL KELLER DIRECTOR 0.50 X 0 0 0 ANTHONY RODRIGUEZ DIRECTOR 0.50 X 0 0 0 CHRISTOPHER ALVES DIRECTOR 0.50 X 0 0 0 SHAHRAM DELIJANI DIRECTOR 0.50 X 0 0 0 CLAUDIA OLIVEIRA DIRECTOR 0.50 X 0 0 0 JESSICA WETHINGTON MCLEAN DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 1013 1013 1013 0 0 1013 6800 6800 1127 1127 4049 4049 7347 7347 PROJECT ADVISORY FEES 100141 97500 2641 PROJECT MANAGEMENT 45000 45000 OTHER PROJECT COSTS 358 358 164822 143985 20837 0 38235 266460 112411 80 80 304775 112491 38705 10230 38705 10230 X 266070 102261 266070 102261 304775 112491 -163809 0 X X 1 X 0 0 0 X 26799 291 27090 26799 291 27090 27090 2937 1025 267 257 1013 5499 12501 12501 45090 0.60080 0.05510 X LOS ANGELES STREETCAR (LASI) IS FUNDED PRIMARILY BY GRANTS FROM THE COMMUNITY REDEVELOPMENT AGENCY OF LOS ANGELES (CRA/LA) AND CONTRIBUTIONS FROM THE GENERAL PUBLIC. BETWEEN 2017 AND 2018, LASI RECEIVED FIVE SIGNIFICANT PAYMENTS FROM DEVELOPERS IN DOWNTOWN LOS ANGELES, TOTALING $1,795,728 IN 2017 AND $1,750,000 IN 2018. THESE PAYMENTS REPRESENT TFAR (TRANSFER OF FLOOR AREA RIGHTS). TFAR FUNDS ARE PUBLIC BENEFITS PAYMENT ASSOCIATED WITH PRIVATE DEVELOPMENT IN DOWNTOWN LOS ANGELES WHEREIN THE PROJECTS' DEVELOPERS ARE PAYING FOR DEVELOPMENT RIGHTS PURCHASED FROM THE CITY OF LOS ANGELES, WHERE THE FUNDS TO BE GRANTED LASI ARE DIRECTED BY THE CITY OF LOS ANGELES THROUGH THE PUBLIC BENEFIT TRUST FUNDS. BASED ON THE ABOVE, THE ORGANIZATION BELIEVES IT MEETS THE FACTS AND CIRCUMSTANCES TEST AND IS A PUBLICLY SUPPORTED CHARITY. 0 X PART X, LINE 2: ACCOUNTING STANDARDS REQUIRE AN ORGANIZATION TO EVALUATE ITS TAX POSITIONS AND PROVIDE FOR A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED 'MORE LIKELY THAN NOT' TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT A PROVISION FOR A TAX LIABILITY IS NOT NECESSARY AT DECEMBER 31, 2023. GENERALLY, THE ORGANIZATION'S INFORMATION RETURNS REMAIN OPEN FOR INSPECTION FOR 3 YEARS (FEDERAL) OR 4 YEARS (STATE OF CALIFORNIA). FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT PREPARES A DRAFT OF THE FORM 990. THE DRAFT IS REVIEWED WITH THE BOARD OF DIRECTORS AT A BOARD MEETING OR VIA EMAIL. CHANGES ARE MADE TO THE DRAFT, AS APPROPRIATE, BASED ON FEEDBACK FROM BOARD MEMBERS. THE FINAL FORM 990 IS REVIEWED AND SIGNED BY THE EXECUTIVE DIRECTOR AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT EACH BOARD AND COMMITTEE MEETING PRIOR TO VOTING ON ANY ISSUE, BOARD/COMMITTEE MEMBERS ARE ASKED TO IDENTIFY ANY CONFLICT OF INTEREST IN EXISTENCE WITH REGARD TO THE ITEM BEING VOTED ON AND TO ABSTAIN FROM VOTING WHERE A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S AUDIT COMMITTEE HAS RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS. THIS RESPONSIBILITY IS UNCHANGED FROM THE PRIOR YEAR.