Organizations Filed Purposes:
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").
TO FOCUS THE PRIVATE AND PUBLIC SECTORS ON THE PROCESSES AND TECHNOLOGIES REGARDING THE SUSTAINABLE CONSUMPTION OF OUR NATURAL RESOURCES.
UNLOCKING INNOVATIONLACI'S INTEGRATED INCUBATION PROGRAMS LEVERAGE A UNIQUE BLEND OF BEST PRACTICES IN ORDER TO INCREASE THE SUCCESS RATE AT WHICH GREEN STARTUPS EFFECTIVELY GROW IN LOS ANGELES TO CREATE LONG-TERM ECONOMIC IMPACT AND INVESTMENT IN THE REGION. OUR CORE INITIATIVES TRANSLATE DIRECTLY INTO NEW GREEN JOB CREATION, SPECIFICALLY FOR A DIVERSE WORKFORCE, WITH A SIGNIFICANT NUMBER OF THOSE JOBS AT HIGHER WAGE RATES AND FOR THOSE WHO HAVE BEEN PREVIOUSLY UNEMPLOYED.LACI'S GLOBALLY RECOGNIZED BUSINESS INCUBATION AND ACCELERATION PROGRAMS ARE DESIGNED TO MEET THE UNIQUE NEEDS AND CHALLENGES FACED BY EARLY- TO MID-STAGE PRE-COMMERCIALIZATION CLEANTECH COMPANIES, WITH A FOCUS ON REGIONAL TECH DEPLOYMENTS IN CLEAN ENERGY, ZERO EMISSIONS TRANSPORTATION, AND SUSTAINABLE CITIES.LACI STARTUP SUPPORT INCLUDES:-ACCESS TO LACI NETWORKS WE PROVIDE CURATED MARKET AND NETWORK ACCESS AND PILOT OPPORTUNITIES THROUGHOUT LA'S CLEANTECH ECOSYSTEM.-INVESTOR RELATIONS AND DUE DILIGENCE WE HELP TO FIND ACCESS TO EQUITY AND DEBT FINANCING.-MENTORSHIP AND COACHING FROM EXECUTIVES IN RESIDENCE AND INDUSTRY EXPERTS.-GUIDANCE IN MEASURING AND REPORTING COMPANY IMPACT AND PROGRESS.-A SLATE OF SHARED BUSINESS AND CREATIVE SERVICES PROFESSIONAL HR, LEGAL, ACCOUNTING, MARKETING AND IT SUPPORT.
LA KRETZ INNOVATION CAMPUSON BEHALF OF THE CITY OF LOS ANGELES AND LADWP, LACI IS THE STEWARD OF THE THREE-YEAR-OLD, STATE-OF-THE-ART LA KRETZ INNOVATION CAMPUS (LKIC), 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 $11M 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 (LADWP) CUSTOMER ENGAGEMENT LAB, AS WELL AS ENERGY EFFICIENCY AND EMERGING TECHNOLOGIES LABORATORIES. WHAT'S MORE, 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.
MARKET TRANSFORMATIONLACI'S MARKET TRANSFORMATION TEAM WORKS TO ACCELERATE SYSTEM CHANGE ON KEY INITIATIVES ACROSS TRANSPORTATION & MOBILITY, ENERGY AND SUSTAINABLE CITIES. TO THAT END, WE HAVE INITIATED PUBLIC SECTOR, INDUSTRY, AND CORPORATE PARTNERSHIPS AND WORKING RELATIONSHIPS TO IDENTIFY AND DRIVE THE COMMERCIALIZATION OF CLEANTECH AND SUSTAINABLE SOLUTIONS AND REDUCE CLEANTECH ADOPTION HURDLES. FOR EXAMPLE, WE FORMED THE TRANSPORTATION ELECTRIFICATION PARTNERSHIP (TEP) IN MAY 2018. THIS UNPRECEDENTED MULTI-YEAR PARTNERSHIP AMONG LOCAL, REGIONAL, AND STATE STAKEHOLDERS IS ACTIVELY WORKING TO ACCELERATE PROGRESS TOWARDS TRANSPORTATION ELECTRIFICATION AND ZERO EMISSIONS GOODS MOVEMENT IN THE GREATER LA REGION IN ADVANCE OF THE 2028 OLYMPIC AND PARALYMPIC GAMES.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Mathew Petersen | PRESIDENT AND CEO | 40 | $315,925 |
| Alex Mitchell | SR VICE PRESIDENT, MARKET TRANSFORMATION | 40 | $140,977 |
| Michael Swords | VICE PRESIDENT, GOVERNMENT AFFAIRS | 40 | $132,000 |
| Shannon Richardson | CHIEF OF STAFF AND OPERATIONS | 40 | $125,911 |
| Emily Drake | SR VICE PRESIDENT, UNLOCKING INNOVATION | 40 | $122,500 |
| Robert Musselman | LEAD EXECUTIVE IN RESIDENCE | 40 | $119,229 |
| Benjamin Stilp | EXECUTIVE VICE PRESIDENT (AS OF 9/2019) | 40 | $53,902 |
| Sarah Rienhoff | BOARD MEMBER | 1 | $0 |
| Jim Casselberry | BOARD MEMBER | 1 | $0 |
| Ben Van De Bunt | BOARD MEMBER | 1 | $0 |
| Thomas Ermacora | BOARD MEMBER | 1 | $0 |
| Thomas Soto | BOARD MEMBER | 1 | $0 |
| Dr Kenneth Pickar | BOARD MEMBER | 1 | $0 |
| Jim Mcdermott | BOARD MEMBER | 1 | $0 |
| Mary Leslie | SECRETARY | 1 | $0 |
| David Nahai | TREASURER | 1 | $0 |
| Richard Morganstern | CHAIRPERSON | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202023219349315222_public.xml