Civic Intelligence

La Kretz Innovation Campus

990 • Fiscal year 2019 • EIN 46-3089456

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 08, 2020

111 N Hope Street Room 450Los Angeles, CA 90012

(213) 367-4319

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

99.28x

Higher debt load relative to revenue than 100% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

38th percentile

1.3%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

36th percentile

-0.1%

Faster revenue growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$44,378,673

Up $557,850 (+1.3%) from 2018

Net Assets

Up

$1,211,151

Up $434,813 (+56%) from 2018

Liabilities

Up

$43,167,522

Up $123,037 (+0.3%) from 2018

Revenue

Down

$434,813

Down $514 (-0.1%) from 2018

Expenses

Flat

$0

Flat from 2018

Net Income

Down

$434,813

Down $514 (-0.1%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2015: $46,851,202Liabilities 2015: $47,360,000Net Assets 2015: -$508,7982015Assets 2017: $44,347,278Liabilities 2017: $44,136,066Net Assets 2017: $211,2122017Assets 2018: $43,820,823Liabilities 2018: $43,044,485Net Assets 2018: $776,3382018Assets 2019: $44,378,673Liabilities 2019: $43,167,522Net Assets 2019: $1,211,1512019Assets 2020: $44,955,521Liabilities 2020: $44,338,394Net Assets 2020: $617,1272020Assets 2021: $46,025,208Liabilities 2021: $44,358,036Net Assets 2021: $1,667,1722021Assets 2022: $44,715,038Liabilities 2022: $43,893,098Net Assets 2022: $821,9402022Assets 2023: $44,854,621Liabilities 2023: $43,911,773Net Assets 2023: $942,8482023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2019

Assets$44,378,673
Liabilities$43,167,522
Net Assets$1,211,151

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2015: $0Expenses 2015: $106,656Net Income 2015: -$106,6562015Revenue 2017: $1,742,570Expenses 2017: $0Net Income 2017: $1,742,5702017Revenue 2018: $435,327Expenses 2018: $0Net Income 2018: $435,3272018Revenue 2019: $434,813Expenses 2019: $0Net Income 2019: $434,8132019Revenue 2020: -$594,024Expenses 2020: $0Net Income 2020: -$594,0242020Revenue 2021: $1,050,045Expenses 2021: $0Net Income 2021: $1,050,0452021Revenue 2022: -$845,232Expenses 2022: $0Net Income 2022: -$845,2322022Revenue 2023: $120,908Expenses 2023: $0Net Income 2023: $120,9082023Revenue 2024: $42,745,244Expenses 2024: $43,688,092Net Income 2024: -$942,8482024

Highlighted filing

2019

Revenue$434,813
Expenses$0
Net Income$434,813
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 8, 2020
Return Version
2019v5.1
Gross Receipts
$1,868,434
Mission and Program Overview

Mission

To acquire and develop facilities that will attract, support and incubate or accelerate businesses developing and commercializing clean and efficient energy technologies in the city of los angeles.

See form 990, part iii, line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$37,489,351$36,691,705▼ $797,646
Prepaid Expenses and Deferred Charges$4,468,206$5,957,608▲ $1,489,402
Cash and Non-Interest-Bearing Accounts$1,863,266$1,729,360▼ $133,906
Intangible Assets$0$0→ $0
Total Assets$43,820,823$44,378,673▲ $557,850
Liabilities
Mortgage Notes Payable Secured by Investment Property$41,489,813$41,537,253▲ $47,440
Other Liabilities$1,554,672$1,630,269▲ $75,597
Total Liabilities$43,044,485$43,167,522▲ $123,037
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$776,338$1,211,151▲ $434,813
Total Net Assets Fund Balance$776,338$1,211,151▲ $434,813
Total Liabilities and Net Assets / Fund Balance$43,820,823$44,378,673▲ $557,850

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$21,549,192$1,873,844$23,423,036
Other Land Buildings$15,142,513$1,316,740$16,459,253
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fred H Walti IiPresident
Aaron GrossCEO
Erik SteebChief Programs Officer
Neal AndersonCo-founder & COO
David NahaiMember
Jim McdermottMember
Ken PickarMember
Matt PetersenMember
Richard MorgansternMember
Tom SotoMember
Carolyn HullSecretary
David RiccitielloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$434,813
Change in Net Assets
$434,813

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,868,434
Revenue Not Reported on Financial Statements
$-1,433,621
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-1,433,621
Total Revenue per Audited Statements
$1,868,434
Total Revenue per Form 990
$434,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$1,433,621
Total Expenses per Audited Statements$1,433,621
Expenses Not Reported on Financial Statements$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$1,630,269
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

The organization documents board meetings with minutes. There were no meetings during 2019.

Form 990, Part VI, Section A, Line 8B

NOT APPLICABLE

Form 990, Part VI, Section B, Line 11B

The organization works with its accountants to review the form 990 annually.

Form 990, Part VI, Section B, Line 12C

Each director, officer or committee member with board delegated powers annually receives a copy of the corporation's conflict of interest policy, and signs a statement affirming that such person (i) has received a copy of the policy, (ii) has read and understood the policy, (iii) agrees to comply with the policy, and (iv) understands that the corporation is a nonprofit corporation and, to maintain its status, must engage primarily in activities that further its charitable purpose. In addition, periodic reviews are conducted by the board of directors.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents,conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
La Kretz Innovation Campus
EIN
46-3089456
Phone
2133674319
Address
111 N HOPE STREET ROOM 450, LOS ANGELES, CA 90012

Signing Officer

Name
Ann M Santilli
Title
Controller
Phone
2133674319
Signed
2020-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann M Santilli
Formed
2013
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
3025 NORTH WOOSTER AVE, DOVER, OH 44622
Preparer
Frank Buss Ii
Phone
3303655400
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Legal and professional miscellaneous expense depreciation amortization interest expense

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Legal and professional miscellaneous expense depreciation amortization interest expense

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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt09525810
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09525810
IRS990ScheduleA/TotalSupportAmt016999546
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/ExpensesNotReportedAmt01433621
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021549192
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01873844
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt023423036
IRS990ScheduleD/OtherExpensesIncludedAmt01433621
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015142513
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01316740
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016459253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01630269
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-1433621
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-1433621
IRS990ScheduleD/RevenueSubtotalAmt01868434
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LEGAL AND PROFESSIONAL MISCELLANEOUS EXPENSE DEPRECIATION AMORTIZATION INTEREST EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LEGAL AND PROFESSIONAL MISCELLANEOUS EXPENSE DEPRECIATION AMORTIZATION INTEREST EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt036691705
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt01630269
IRS990ScheduleD/TotalRevenuePerForm990Amt0434813
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01868434
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01433621
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOCUMENTS BOARD MEETINGS WITH MINUTES. THERE WERE NO MEETINGS DURING 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NOT APPLICABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION WORKS WITH ITS ACCOUNTANTS TO REVIEW THE FORM 990 ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH DIRECTOR, OFFICER OR COMMITTEE MEMBER WITH BOARD DELEGATED POWERS ANNUALLY RECEIVES A COPY OF THE CORPORATION'S CONFLICT OF INTEREST POLICY, AND SIGNS A STATEMENT AFFIRMING THAT SUCH PERSON (I) HAS RECEIVED A COPY OF THE POLICY, (II) HAS READ AND UNDERSTOOD THE POLICY, (III) AGREES TO COMPLY WITH THE POLICY, AND (IV) UNDERSTANDS THAT THE CORPORATION IS A NONPROFIT CORPORATION AND, TO MAINTAIN ITS STATUS, MUST ENGAGE PRIMARILY IN ACTIVITIES THAT FURTHER ITS CHARITABLE PURPOSE. IN ADDITION, PERIODIC REVIEWS ARE CONDUCTED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LOS ANGELES CLEANTECH INCUBATOR INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0454998717
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERATES AND MAINTAINS LA KRETZ INNOVATION CAMPUS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0525 S HEWITT ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LOS ANGELES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090013
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01868434
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LOS ANGELES DEPARTMENT OF WATER AND POWER
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt043820823
IRS990/TotalAssetsEOYAmt044378673
IRS990/TotalAssetsGrp/BOYAmt043820823
IRS990/TotalAssetsGrp/EOYAmt044378673
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043044485
IRS990/TotalLiabilitiesEOYAmt043167522
IRS990/TotalLiabilitiesGrp/BOYAmt043044485
IRS990/TotalLiabilitiesGrp/EOYAmt043167522
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0776338
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01211151
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01433621
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0434813
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0434813
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt043820823
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt044378673
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0111 N HOPE STREET ROOM 450
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090012
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANN M SANTILLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CONTROLLER
ReturnHeader/BusinessOfficerGrp/PhoneNum02133674319
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LA KRETZ INNOVATION CAMPUS
ReturnHeader/Filer/BusinessNameControlTxt0LAKR
ReturnHeader/Filer/EIN0463089456
ReturnHeader/Filer/PhoneNum02133674319
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 N HOPE STREET ROOM 450

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