Los Angeles Streetcar Inc
- Assets
- $304.8k
- Revenue
- $548.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 27-0732846
Organization Overview
Los Angeles Streetcar Inc is located in Los Angeles, CA. The organization was established in 2009. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Streetcar Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Los Angeles Streetcar Inc generated $548.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (65.0%) each year. All expenses for the organization totaled $186.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEAD THE FUNDRAISING AND DEVELOPMENT EFFORTS OF THE LOS ANGELES STREETCAR PROJECT, INCLUDING OVERSIGHT OF ALL REQUIRED PLANNING, ENVIRONMENTAL, ENGINEERING, AND DEVELOPMENT PROCESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOS ANGELES STREETCAR, INC. (LASI) IS A 501(C)(3) NON-PROFIT PUBLIC/PRIVATE PARTNERSHIP MODELED AFTER THE SUCCESSFUL PUBLIC-PRIVATE/NON-PROFIT PARTNERSHIPS IN PORTLAND AND SEATTLE, WHICH PIONEERED MODERN STREETCAR SYSTEMS IN THE WESTERN UNITED STATES. LASI WAS FOUNDED BY LONG-TIME PUBLIC AND PRIVATE DOWNTOWN LOS ANGELES STAKEHOLDERS IN JANUARY 2009. LASI'S MISSION IS TO LEAD THE FUNDRAISING AND DEVELOPMENT EFFORTS OF THE STREETCAR PROJECT, INCLUDING OVERSIGHT OF ALL REQUIRED PLANNING, ENVIRONMENTAL, ENGINEERING, AND DEVELOPMENT PROCESSES. DURING 2013, LASI SPONSORED A SUCCESSFUL REFERENDUM TO FORM A COMMUNITY FACILITIES DISTRICT WHICH WILL PROVIDE $62.5 MILLION OF THE CAPITAL CONSTRUCTION COSTS OF THE STREETCAR PROJECT THROUGH A COMMUNITY FACILITIES DISTRICT PUBLIC BOND ISSUANCE. LASI HAS BEEN FUNDED INITIALLY BY GRANTS FROM THE NOW DEFUNCT COMMUNITY REDEVELOPMENT AGENCY OF LOS ANGELES (CRA/LA) AND MORE RECENTLY BY CONTRIBUTIONS FROM THE GENERAL PUBLIC AND RECEIPT OF TFAR (TRANSFER OF FLOOR AREA RATION) COMMUNITY BENEFIT PAYMENTS MADE BY DOWNTOWN LA DEVELOPERS BUILDING NEW GROUND UP PROJECTS IN, ON OR NEAR THE LASI STREETCAR ROUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Rieger Vice Chairman | OfficerTrustee | 2 | $0 |
David Gray Secretary | OfficerTrustee | 2 | $0 |
Rocky Rockefeller Director | Trustee | 0.5 | $0 |
Steve Needleman Chairman | OfficerTrustee | 2 | $0 |
James Okazaki Director | Trustee | 0.5 | $0 |
Jessica Lall Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lg Strategies Strategic Planning | 12/30/21 | $157,500 |
Exp Us Services Inc Engineering, Architecture, Design | 12/30/21 | $156,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $291 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291 |
| Total Program Service Revenue | $0 |
| Investment income | $257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,209 |
| Fees for services: Accounting | $12,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $685 |
| Office expenses | $2,885 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,275 |
| All other expenses | $0 |
| Total functional expenses | $186,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,235 |
| Savings and temporary cash investments | $266,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80 |
| Total assets | $304,775 |
| Accounts payable and accrued expenses | $38,705 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,705 |
| Net assets without donor restrictions | $266,070 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $304,775 |