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Nonprofit · EIN 45-4998717

LOS ANGELES CLEANTECH INCUBATOR

Tax-exempt · LOS ANGELES, CA 90013

Financials

$26.3M$17.8M2023$11M$17.8M2024
Revenue Expenses · by fiscal year end
Financials of LOS ANGELES CLEANTECH INCUBATOR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$11,028,403$17,775,299-$6,746,896$17,370,598$4,844,500$12,526,098
December 31, 2023990$26,341,807$17,769,053$8,572,754$22,248,258$2,375,264$19,872,994
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$8,493,278
of which government grants
$5,600,467
Program service revenue
$2,149,620
Investment income
$419,705
Net income from fundraising events
-$45,783
Other revenue
-$34,200

Expenses

Grants and similar amounts paid
$505,405
Compensation of officers, directors and key employees
$1,080,220
Other salaries and wages
$5,549,362
Salaries, compensation and benefits (total)
$7,728,844
Professional fundraising fees
$0
Legal fees
$134,119
Accounting fees
$59,605
Occupancy
$1,539,493
Travel
$420,851
Depreciation
$23,327
Program services (functional)
$15,703,428
Management and general (functional)
$1,046,079
Fundraising (functional)
$1,025,792

Balance sheet and other

Total assets, start of year
$22,248,258
Total assets, end of year
$17,370,598
Total liabilities, end of year
$4,844,500
Net assets, end of year
$12,526,098
Land, buildings and equipment
$28,563
Net assets without donor restrictions
$274,726
Net assets with donor restrictions
$12,251,372
Gross unrelated business income
$10,000
Gross receipts
$11,091,686
Employees
79
Volunteers
12
Year formed
2012
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MATHEW PETERSENPRESIDENT AND CEO
Officer
40$494,774$36,452
AMANDA SABICEREXECUTIVE VICE PRESIDENT
Key employee
40$274,995$37,637
BEN STILPEXECUTIVE VP, OPERATIONS & FINANCE
Officer
40$239,205$18,366
MICHELLE KINMANSR. VP, MARKET TRANSFORMATION
Highest-paid employee
40$212,281$30,403
ESTELLE REYESSR. VP, ENHANCING COMMUNITIES
Highest-paid employee
40$217,996$17,509
ADRIENNE LINDGRENSR. VP, UNLOCKING INNOVATION
Highest-paid employee
40$188,204$12,049
JILLIAN MISRACKVICE PRESIDENT, DEVELOPMENT
Highest-paid employee
40$170,981$19,849
MICHAEL SWORDSVICE PRESIDENT, GOVERNMENT AFFAIRS
Highest-paid employee
40$157,034$4,306
JIM CASSLEBERRYCHAIRPERSON
Trustee or director, Officer
1$0$0
DAVID NAHAITREASURER
Trustee or director, Officer
1$0$0
SARAH RIENHOFFSECRETARY
Trustee or director, Officer
1$0$0
ALLISON HOLMESBOARD MEMBER
Trustee or director
1$0$0
MARY LESLIEBOARD MEMBER
Trustee or director
1$0$0
PAUL JENNINGSBOARD MEMBER
Trustee or director
1$0$0
DANIEL TELLALIANBOARD MEMBER
Trustee or director
1$0$0
4 more people on this return
NameTitleHours / weekCompensation
ALFRED FRAIJOBOARD MEMBER
Trustee or director
1$0
BRETT HAUSERBOARD MEMBER
Trustee or director
1$0
LIZ HELLERBOARD MEMBER
Trustee or director
1$0
ZUBIN DAVARBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensationOther / benefits
MATHEW PETERSENPRESIDENT AND CEO
Officer
40$414,727$33,950
BENJAMIN STILPEXCECUTIVE VICE PRESIDENT
Officer
40$251,009$21,601
AMANDA SABICERCHIEF OF STAFF, EVP OPS & PEOPLE
Key employee
40$228,705$30,219
MICHELLE KINMANSR VICE PRESIDENT, MARKET
Highest-paid employee
40$175,728$26,694
ESTELLE REYESSR VICE PRESIDENT, ENHANCING COMM.
Highest-paid employee
40$179,886$17,449
SASHA ITZIKMANVICE PRESIDENT, MARKETING
Highest-paid employee
40$184,553$7,662
JILLIAN MISRACKVICE PRESIDENT, DEVELOPMENT
Highest-paid employee
40$161,612$18,498
MICHAEL SWORDSVICE PRESIDENT, GOVERNMENT AFFAIRS
Highest-paid employee
40$153,326$127
JIM CASSELBERRYCHAIRPERSON
Trustee or director, Officer
1$0$0
DAVID NAHAITREASURER
Trustee or director, Officer
1$0$0
SARAH RIENHOFFSECRETARY
Trustee or director, Officer
1$0$0
ALLISON HOLMESBOARD MEMBER
Trustee or director
1$0$0
MARY LESLIEBOARD MEMBER
Trustee or director
1$0$0
PAUL JENNINGSBOARD MEMBER
Trustee or director
1$0$0
DANIEL TALLALIANBOARD MEMBER
Trustee or director
1$0$0
ALFRED FRAIJOBOARD MEMBER
Trustee or director
1$0$0
BRETT HAUSERBOARD MEMBER
Trustee or director
1$0$0
LIZ HELLERBOARD MEMBER
Trustee or director
1$0$0
ZUBIN DAVARBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
525 S HEWITT ST, LOS ANGELES, CA 90013-2217
In care of
% NEAL ANDERSON
Mailing address (990-N for 2012)
411 S Hewitt Street, Los Angeles CA 90013
Principal officer (990 for 2024)
MATHEW PETERSEN, 525 S HEWITT STREET, LOS ANGELES, CA 90013
Principal officer (990-N for 2012)
Fred Walti, 411 S Hewitt Street, Los Angeles CA 90013
Signed the 990
MATHEW PETERSEN, PRESIDENT AND CEO
Phone
(213) 358-6500
Return prepared by
WINDES INC

California records

California keeps its own records of charities and corporations. Search them by EIN 45-4998717 or by the name LOS ANGELES CLEANTECH INCUBATOR.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

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").

990 for the year ended December 31, 2024

Program accomplishments

  • 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

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-4998717
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$17,370,598
Income (IRS master file)
$11,091,686

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,028,403$17,775,299$17,370,598XML
990-TDecember 2024–––IRS
990December 2023$26,341,807$17,769,053$22,248,258XML
990-TDecember 2023–––IRS
990December 2022$21,575,491$14,365,079$14,047,232IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990-N for 2012
Officer: Fred Walti
December 31, 2012≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4998717).

Questions about LOS ANGELES CLEANTECH INCUBATOR

What is the EIN of LOS ANGELES CLEANTECH INCUBATOR?
The employer identification number (EIN) of LOS ANGELES CLEANTECH INCUBATOR is 45-4998717.
Is LOS ANGELES CLEANTECH INCUBATOR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to LOS ANGELES CLEANTECH INCUBATOR tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LOS ANGELES CLEANTECH INCUBATOR file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LOS ANGELES CLEANTECH INCUBATOR due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOS ANGELES CLEANTECH INCUBATOR last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LOS ANGELES CLEANTECH INCUBATOR?
The 990 for the year ended December 31, 2024 names MATHEW PETERSEN.
Who are the officers and directors of LOS ANGELES CLEANTECH INCUBATOR?
The 990 for the year ended December 31, 2024 lists 19 people; 8 received compensation from the organization, the highest $494,774 (MATHEW PETERSEN, PRESIDENT AND CEO).
How much revenue does LOS ANGELES CLEANTECH INCUBATOR have?
On its 990 for the year ended December 31, 2024 it reported revenue of $11,028,403, expenses of $17,775,299 and total assets of $17,370,598 at year end.

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