Alliance for Southern California Innovation

Nonprofit profile at a glance

EIN: 821726203
IRS 990 coverage: 2018–2024
Forms available: Form 990 2024
Location: Pasadena, CA, USA
Phone: 6267379739
Rating confidence: Limited
Sector: Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue: $1,098,365
Expenses: $1,109,140
Assets: $373,225
Liabilities: $7,024

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

ANDREW WILSON (EXECUTIVE DIRECTOR)

Highest reported compensation

ANDREW WILSON (EXECUTIVE DIRECTOR): $197,702 total reported compensation
KATHRYN CAMERON (TREASURER/SECRETARY): $122,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to more fully capitalize on socal's compelling diversity of talent, ideas and perspectives byoptimizing the conditions for socal's innovators to bring more breakthroughs to the world and further elevate the region as a global leader in innovation, technology & entrepreneurship.

What it reported doing in 2024

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.

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

Financial Efficiency: NotEnoughData
Transparency & Controls: 65
Accountability: 73
Sustainability: 28
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: Limited
Program expense ratio: Limited
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 92.6%; rating input score 93; 24th percentile among comparable filings
Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Sustainability

Operating margin: -1%; rating input score 33; 33rd percentile among comparable filings
Total-asset coverage ratio: 0.34; rating input score 16; 16th percentile among comparable filings
Liabilities to assets ratio: 0.02; rating input score 63; 63rd percentile among comparable filings
Officer compensation ratio: 28.8%; rating input score 7; 7th percentile among comparable filings

Growth

Program expense growth: 38.5% per year; rating input score 100; 93rd percentile among comparable filings
Revenue growth: 19.8% per year; rating input score 100; 85th percentile among comparable filings
Asset growth: 20.1% per year; rating input score 100; 82nd percentile among comparable filings

Details

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 25 of 27 board members independent · 4 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $198K · 35 people listed · 0 of 6 pay-setting controls reported
Consistency: 10 of 10 current checks pass
Schedules: 4 filed schedules · includes major donors and executive pay
Filing history: 6 filing years from 2018 to 2024
Contacts: How to reach this organization
Money network: 2 filed money-flow records
Related organizations: Filed and resolved organization relationships.
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Transparency & Controls: Pay-setting controls scored 0/100.
Moderate — Accountability: Governance controls: 4 of 8 not reported.
Moderate — Sustainability: Operating margin scored 33/100.
High — Sustainability: Total-asset coverage ratio scored 16/100.
High — Sustainability: Officer compensation ratio scored 7/100.