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Los Angeles Cleantech Incubator
Los Angeles Cleantech Incubator reported $11.0 million in revenue and $17.8 million in expenses for calendar year 2024. Of every $100 it spent, $88.34 went to program services, $5.89 to management and general costs and $5.77 to fundraising. Its largest source of revenue was contributions and grants: 77.0% of the total. Government grants made up 50.8%. The highest compensation it reported for one person was $531,226 (PRESIDENT AND CEO). 22 people received more than $100,000 in reportable compensation. Revenue rose 7% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $18MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $11M- Contributions & grants (non-government)$26.15 $2.9M
- Government grants$50.63 $5.6M
- Program service revenue$19.43 $2.1M
- Investment income$3.79 $420K
Other revenue was negative: −$34,200. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.3% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.9% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.8% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 77.0% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 50.8% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 19.5% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $531,226 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.99% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 22 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.5 | 9.2 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseMarket 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…
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…
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 40.00 hrs/week | $494,774 | $0 | $36,452 | $531,226 |
| EXECUTIVE VICE PRESIDENT Key employee, 40.00 hrs/week | $274,995 | $0 | $37,637 | $312,632 |
| EXECUTIVE VP, OPERATIONS & FINANCE Officer, 40.00 hrs/week | $239,205 | $0 | $18,366 | $257,571 |
| SR. VP, MARKET TRANSFORMATION Highest compensated employee, 40.00 hrs/week | $212,281 | $0 | $30,403 | $242,684 |
| SR. VP, ENHANCING COMMUNITIES Highest compensated employee, 40.00 hrs/week | $217,996 | $0 | $17,509 | $235,505 |
| SR. VP, UNLOCKING INNOVATION Highest compensated employee, 40.00 hrs/week | $188,204 | $0 | $12,049 | $200,253 |
| VICE PRESIDENT, DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $170,981 | $0 | $19,849 | $190,830 |
| VICE PRESIDENT, GOVERNMENT AFFAIRS Highest compensated employee, 40.00 hrs/week | $157,034 | $0 | $4,306 | $161,340 |
22 people received more than $100,000 in reportable compensation from Los Angeles Cleantech Incubator (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 579
- Volunteers Part I, line 612
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| CARNEGIE MELLON UNIVERSITY Program support - market transformation | $228,803 |
| MASTERCORP COMMERCIAL SERVICES LLC Program support - lakretz innovation cam | $215,587 |
| RIDE ON BIKE SHOP Program support - market transformation | $211,750 |
| FRONTLINE LLC Operations & programs (lkic) support - I | $206,026 |
| ALLIED UNIVERSAL SECURITY SERVICES Program support - lakretz innovation cam | $200,951 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
9 private foundations reported grants to Los Angeles Cleantech Incubator totaling $660K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Los Angeles Cleantech Incubator's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Los Angeles Cleantech Incubator, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Los Angeles Cleantech Incubator spent in 2024, $88.34 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The East Los Angeles Community UnionLos Angeles, CA · revenue $11M · programs 95.1% · 2024
- New Durham CorporationDurham, NC · revenue $11M · programs 100.0% · FY2025
- 16 Tech Community CorporationIndianapolis, IN · revenue $11M · programs 78.1% · 2024
- Enlace ChicagoChicago, IL · revenue $11M · programs 70.7% · FY2025
- Rockland Paramedic ServicesNew City, NY · revenue $11M · programs 82.7% · 2024
All community improvement & capacity building charities · Largest charities in California
Questions people ask
How much of Los Angeles Cleantech Incubator's spending goes to programs?
In calendar year 2024, Los Angeles Cleantech Incubator reported that 88.3% of its $17.8 million in expenses went to program services, 5.9% to management and general and 5.8% to fundraising (Form 990, Part IX).
How much does Los Angeles Cleantech Incubator pay its top executive?
The largest total compensation Los Angeles Cleantech Incubator reported for one person in calendar year 2024 was $531,226, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Los Angeles Cleantech Incubator get its money?
Of $11.0 million in revenue in calendar year 2024, 77.0% came from contributions and grants (including 50.8% from government grants) and 19.5% from program service revenue (Form 990, Part VIII).
Is Los Angeles Cleantech Incubator a registered charity?
The IRS lists EIN 45-4998717 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523179349311782 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349314567 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303189349318455 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349307820 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133169349306668 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023219349315222 · read the filing
All filings for EIN 45-4998717: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.