Overview
What is Los Angeles Streetcar Inc?
Los Angeles Streetcar Inc., a 501(c)(3) nonprofit organization, was established in January 2009 by local stakeholders in Downtown Los Angeles, modeled after successful public-private partnerships in Portland and Seattle. This nonprofit is dedicated to leading the fundraising and development efforts for the Los Angeles Streetcar project, overseeing all necessary planning, environmental, engineering, and development processes. They have been funded by grants from the Community Redevelopment Agency of Los Angeles (CRA/LA) and more recently by contributions from the general public and TFAR community benefit payments made by developers. In 2013, Los Angeles Streetcar Inc. successfully sponsored a referendum to form a Community Facilities District, securing $62.5 million for the project through a public bond issuance.
Official website here: www.lastreetcar.org
Is Los Angeles Streetcar Inc legitimate?
Los Angeles Streetcar Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Streetcar Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.lastreetcar.org
What is the mission statement of Los Angeles Streetcar Inc?
Los Angeles Streetcar Inc's mission is centered around leading the fundraising and development efforts for the Los Angeles Streetcar project. This involves overseeing all necessary planning, environmental, engineering, and development processes. The organization, modeled after successful public-private partnerships in Portland and Seattle, aims to pioneer modern streetcar systems in the western United States. In 2013, Los Angeles Streetcar Inc successfully spearheaded a referendum to form a Community Facilities District, providing a significant portion of the project's capital construction costs. The organization has been initially funded 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 community benefit payments from downtown LA developers.
Official website here: www.lastreetcar.org
Who is the CEO of Los Angeles Streetcar Inc?
Steve Needleman is the Chairman of Los Angeles Streetcar Inc.
Official website here: www.lastreetcar.org
What is the revenue of Los Angeles Streetcar Inc?
Los Angeles Streetcar Inc's revenue in 2022 was $548.
Official website here: www.lastreetcar.org
Who are the executives of Los Angeles Streetcar Inc and what are their salaries?
There 15 volunteers at Los Angeles Streetcar Inc.
Here are 15 key members and their salaries:
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Official website here: www.lastreetcar.org
Where can I find the form 990 for Los Angeles Streetcar Inc?
Los Angeles Streetcar Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lastreetcar.org
Learn more at the official website: www.lastreetcar.org
Mission Statement of Los Angeles Streetcar Inc
Los Angeles Streetcar Inc, a 501(c)(3) organization, is dedicated to spearheading the fundraising and development efforts for the Los Angeles Streetcar project. This non-profit entity, modeled after successful public-private partnerships in Portland and Seattle, plays a pivotal role in overseeing all necessary planning, environmental, engineering, and development processes associated with the project. The organization was established in January 2009 by long-standing public and private stakeholders in Downtown Los Angeles.
In 2013, Los Angeles Streetcar Inc played a significant role in advocating for a successful referendum to establish a Community Facilities District. This initiative would provide $62.5 million towards the capital construction costs of the Streetcar project through a Community Facilities District public bond issuance. The non-profit has been primarily funded through grants from the Community Redevelopment Agency of Los Angeles (CRA/LA) and more recently, contributions from the general public and TFAR (Transfer of Floor Area Ratio) community benefit payments made by Downtown LA developers building new projects in or near the Streetcar route.
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Impact
October, 2024
Los Angeles Streetcar Inc (LASI) plays a critical role in enhancing urban mobility and revitalizing the downtown area of Los Angeles. By spearheading fundraising and development efforts for the Los Angeles Streetcar Project, LASI is fostering a modern streetcar system designed to improve public transportation options, reduce traffic congestion, and promote economic growth in the community.
The organization has successfully navigated the complex landscape of urban planning, environmental concerns, and engineering requirements necessary for the project's advancement. A key achievement includes sponsoring a referendum that established a Community Facilities District, which will contribute $62.5 million towards capital construction costs. This effort exemplifies LASI's commitment to creating a sustainable and integrated transit solution that aligns with community needs.
By facilitating public-private partnerships and securing funding from various sources—including grants and community benefit payments from local developers—LASI is transforming downtown Los Angeles into a more accessible and vibrant area. Their initiatives not only aim to improve transportation infrastructure but also to foster a sense of community engagement and investment in the urban landscape.
Overall, LASI's impact extends beyond transportation; it contributes to community improvement by enhancing mobility, supporting local businesses, and fostering a more connected city.
This information is meant to be a general summary of Los Angeles Streetcar Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $257
- Gross Receipts: $548
Assets and Liabilities:
- Total Assets: $304,775
- Total Liabilities: $38,705
- Net Assets: $266,070
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Organization Details
Founding Year
2010
Phone
(213) 626-5321Principal Officer
Steve Needleman
Main Address
850 SOUTH BROADWAY PH FLOOR, LOS ANGELES, CA, 90014
Website
www.lastreetcar.orgNTEE Category
Code: S20 - Community improvement
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