LOS ANGELES CLEANTECH INCUBATOR Charity Report

Public IRS 990 nonprofit record

LOS ANGELES CLEANTECH INCUBATOR

EIN 45-4998717 · Small Business Development (S43)

What they do

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").

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

142.39%of revenue went to mission work88.3% of expenses · Program services

9.30%of revenue went to fundraising5.8% of expenses

$161.18spent for every $100 of revenueSpending was higher than revenue this year.

9.49%of revenue went to management and office costs5.9% of expenses

$0.98in assets for every $1 spent this yearSome assets cannot be spent right away.

77.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $6,746,896 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $531,226 for MATHEW PETERSEN (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,028,403

Mission workProgram services$15,703,428142.39% of revenue88.3% of expenses

ManagementOffice and general costs$1,046,0799.49% of revenue5.9% of expenses

FundraisingAsking for donations$1,025,7929.30% of revenue5.8% of expenses

Total expenses$17,775,299161.18% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.3% mission · 5.9% management · 5.8% fundraisingTotal expenses: 161.18% of revenue

2023Expense mix: 89.9% mission · 5.9% management · 4.2% fundraisingTotal expenses: 67.46% of revenue

2022Expense mix: 82.8% mission · 10.6% management · 6.6% fundraisingTotal expenses: 66.58% of revenue

2021Expense mix: 83.1% mission · 9.8% management · 7.1% fundraisingTotal expenses: 88.49% of revenue

2020Expense mix: 88.1% mission · 6.1% management · 5.9% fundraisingTotal expenses: 113.07% of revenue

2019Expense mix: 89.6% mission · 6.8% management · 3.6% fundraisingTotal expenses: 80.80% of revenue

2018Expense mix: 82.2% mission · 11.8% management · 6.0% fundraisingTotal expenses: 92.62% of revenue

2017Expense mix: 79.4% mission · 14.8% management · 5.8% fundraisingTotal expenses: 89.61% of revenue

Money in and money out

Revenue$11,028,403

Expenses$17,775,299

Annual shortfall $6,746,896 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$15,703,428 · 88.3% of expenses

Management and office costs$1,046,079 · 5.9% of expenses

Fundraising$1,025,792 · 5.8% of expenses

See all reported dollar amounts

Revenue$11,028,403

Expenses$17,775,299

Assets$17,370,598

Income$11,091,686

Contributions$8,493,278

Mission work (program services)$15,703,428

Fundraising$1,025,792

Grants given$707,208

Average grant$64,292

Management and general$1,046,079

Executive compensation (total)$750,056

Accounting fees$59,605

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MATHEW PETERSENPRESIDENT AND CEO · 40 hrs/week $531,226Base $494,774 · Other $36,452

AMANDA SABICEREXECUTIVE VICE PRESIDENT · 40 hrs/week $312,632Base $274,995 · Other $37,637

BEN STILPEXECUTIVE VP, OPERATIONS & FINANCE · 40 hrs/week $257,571Base $239,205 · Other $18,366

MICHELLE KINMANSR. VP, MARKET TRANSFORMATION · 40 hrs/week $242,684Base $212,281 · Other $30,403

ESTELLE REYESSR. VP, ENHANCING COMMUNITIES · 40 hrs/week $235,505Base $217,996 · Other $17,509

ADRIENNE LINDGRENSR. VP, UNLOCKING INNOVATION · 40 hrs/week $200,253Base $188,204 · Other $12,049

JILLIAN MISRACKVICE PRESIDENT, DEVELOPMENT · 40 hrs/week $190,830Base $170,981 · Other $19,849

MICHAEL SWORDSVICE PRESIDENT, GOVERNMENT AFFAIRS · 40 hrs/week $161,340Base $157,034 · Other $4,306

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

MATHEW PETERSENPRESIDENT AND CEO

AMANDA SABICEREXECUTIVE VICE PRESIDENT

BEN STILPEXECUTIVE VP, OPERATIONS & FINANCE

MICHELLE KINMANSR. VP, MARKET TRANSFORMATION

ESTELLE REYESSR. VP, ENHANCING COMMUNITIES

ADRIENNE LINDGRENSR. VP, UNLOCKING INNOVATION

JILLIAN MISRACKVICE PRESIDENT, DEVELOPMENT

MICHAEL SWORDSVICE PRESIDENT, GOVERNMENT AFFAIRS

DANIEL TELLALIANBOARD MEMBER

DAVID NAHAITREASURER

BRETT HAUSERBOARD MEMBER

JIM CASSLEBERRYCHAIRPERSON

LIZ HELLERBOARD MEMBER

MARY LESLIEBOARD MEMBER

ALLISON HOLMESBOARD MEMBER

ALFRED FRAIJOBOARD MEMBER

PAUL JENNINGSBOARD MEMBER

SARAH RIENHOFFSECRETARY

ZUBIN DAVARBOARD MEMBER

About this charity

Recognized since: January 2012
Location: 525 S HEWITT STREET, LOS ANGELES, CA 90013
County: Los Angeles
In care of: MATHEW PETERSEN
Primary officer: MATHEW PETERSEN, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Phone(213) 358-6500

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: WINDES INC
NTEE classification: Small Business Development (S43)
IRS tax category: Small Business Development
Grant-giving organization: Yes