Alliance For Southern California Innovation
- Assets
- $543.5k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Pasadena, CA
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 82-1726203
Organization Overview
Alliance For Southern California Innovation is located in Pasadena, CA. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Alliance For Southern California Innovation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance For Southern California Innovation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Alliance For Southern California Innovation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.9% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 30.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
THE GOAL OF THE ALLIANCE IS TO NURTURE AND ACCELERATE THE GROWTH OF SOUTHERN CALIFORNIA'S TECHNOLOGY AND LIFE SCIENCES INNOVATION ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALLIANCE FOR SOUTHERN CALIFORNIA INNOVATION (THE "ALLIANCE"), FORMED IN 2017 BY SERIAL ENTREPRENEUR AND PUBLIC SERVANT STEVE POIZNER, HAS SUCCESSFULLY BROUGHT TOGETHER THE HEFT OF SOUTHERN CALIFORNIA'S TOP RESEARCH INSTITUTIONS, LOCAL BUSINESS LEADERS, AND WORLD-CLASS ADVISORS TO FOCUS ON BRIDGING CRITICAL GAPS IN THE SOCAL ECOSYSTEM. THE GOAL OF THE ALLIANCE IS TO NURTURE AND ACCELERATE THE GROWTH OF SOUTHERN CALIFORNIA'S TECHNOLOGY AND LIFE SCIENCES INNOVATION ECOSYSTEM, WHICH IN TURN SHOULD DRAW SIGNIFICANT NEW VENTURE CAPITAL INVESTMENT TO THE REGION. THE ALLIANCE WILL FOCUS ON DEVELOPING AND CONNECTING NODES OF INNOVATION EXCELLENCE WHILE ATTRACTING NEW CAPITAL TO SOUTHERN CALIFORNIA INCLUDING FINDING, NURTURING, FILTERING, AND MATCHING HIGH POTENTIAL STARTUPS TO LEADING VENTURE INVESTORS. BY WORKING TOGETHER WITH NODE LEADERSHIP, THE ALLIANCE WILL TACKLE MORE REGIONAL ISSUES INCLUDING EXTENDING THE SOCAL INNOVATION BRAND AND GROWING THE BASE OF LOCAL INSTITUTIONAL CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Wilson Executive Director | OfficerTrustee | 40 | $217,700 |
Kathryn Cameron Treasurer | OfficerTrustee | 40 | $110,167 |
Scott N Wolfe Director/secretary | OfficerTrustee | 1 | $0 |
Gene Sykes Director/chair | OfficerTrustee | 1 | $0 |
Julie Hill Director/vice Chair | OfficerTrustee | 1 | $0 |
Jody Foldesy Director/vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,383,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,383,067 |
| Total Program Service Revenue | $0 |
| Investment income | $684 |
| 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 | $1,383,751 |
| 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. | $217,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,451 |
| Payroll taxes | $66,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,369 |
| Office expenses | $1,283 |
| Information technology | $13,614 |
| Royalties | $0 |
| Occupancy | $1,762 |
| Travel | $13,374 |
| 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 | $8,452 |
| All other expenses | $5,791 |
| Total functional expenses | $1,146,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $295,000 |
| 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 | $4,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225 |
| Total assets | $543,545 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,402 |
| Total liabilities | $7,402 |
| Net assets without donor restrictions | $0 |
| 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 | $536,143 |
| Total liabilities and net assets/fund balances | $543,545 |