2024-11-14T14:36:30-06:00 2023-12-31 861065772 DELOITTE TAX LLP 695 TOWN CENTER DR STE 1000 COSTA MESA CA 92626 990 2023-01-01 472018941 LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 LOSA 4243204500 10900 WILSHIRE BOULEVARD 700 LOS ANGELES CA 90024 KAREN STURGES CFO 4243204500 2024-11-14 1 0 JOHN W SADOFF JR P00540589 7144367100 2023 2024-10-15 13:58:12Z KAREN STURGES 10900 WILSHIRE BOULEVARD 700 LOS ANGELES CA 90024 12501424 0 X HTTP://WWW.LA28.ORG X 2014 CA THE CORPORATION PRIMARILY AIMS TO IMPROVE & ENHANCE THE QUALITY OF LIFE OF RESIDENTS OF L.A. & SURROUNDING AREAS THROUGH THE PROMOTION & SPONSORSHIP OF L.A. AS THE SITE OF THE OLYMPIC AND PARALYMPIC GAMES. 32 29 157 30 0 0 13831117 8000000 39329768 2021255 503095 2318209 0 5210 53663980 12344674 10877609 15293997 0 0 28705592 34741849 0 0 0 100636464 28334015 140219665 78369861 -86555685 -66025187 65050984 141706906 218725717 361392729 -153674733 -219685823 THE CORPORATION IS ORGANIZED PRIMARILY TO IMPROVE AND ENHANCE THE QUALITY OF LIFE OF THE RESIDENTS OF LOS ANGELES, CALIFORNIA AND THE SURROUNDING AREA THROUGH THE HOSTING OF THE GAMES OF THE XXXIV OLYMPIAD AND THE XVIII PARALYMPIC GAMES ("COLLECTIVELY, THE "GAMES"). 0 0 36026440 2026465 THE ORGANIZATION WORKS WITH THE CITY OF LOS ANGELES, THE UNITED STATES OLYMPIC & PARALYMPIC COMMITTEE ("USOPC") AND THE INTERNATIONAL OLYMPIC COMMITTEE ("IOC") TO HOST THE OLYMPIC AND PARALYMPIC GAMES IN LOS ANGELES AND THE SURROUNDING AREA. THE OLYMPIC AND PARALYMPIC GAMES WERE AWARDED TO THE CITY OF LOS ANGELES FOR 2028. AS PART OF ITS WORK, THE ORGANIZATION REACHES OUT TO THE COMMUNITY IN LOS ANGELES, INCLUDING FORMER OLYMPIANS AND PARALYMPIANS, TO GATHER SUPPORT AND RAISE FUNDS TO HOST THE 2028 OLYMPIC AND PARALYMPIC GAMES. 15293997 15293997 THE ORGANIZATION WILL FUND UP TO $160 MILLION IN YOUTH SPORTS IN THE CITY OF LOS ANGELES TO MAKE SPORTS MORE ACCESSIBLE AND AFFORDABLE TO MORE YOUNG LOS ANGELENOS LEADING UP TO THE GAMES IN 2028, BEGINNING THE LEGACY OF THE 2028 OLYMPIC AND PARALYMPIC GAMES. 51320437 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 65 0 1 157 1 0 0 0 0 0 0 0 0 0 0 1 0 X 32 29 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X KAREN STURGES 4243204500 10900 WILSHIRE BOULEVARD STE 700 LOS ANGELES CA 90024 CHRISTOPHER PEPE DIRECTOR/USOPP CHIEF COMMERCIAL OFFICER 0.10 39.90 X 0 927210 1148 DANIEL KOBLIN DIRECTOR/USOPP CHIEF OPERATING OFFICER 0.10 39.90 X 0 712380 6168 JANET B EVANS CHIEF ATHLETE OFFICER 40.00 0.00 X X 656762 0 124 CASEY WASSERMAN CHAIRPERSON/PRESIDENT 0.50 0.50 X X 0 0 0 BEATRIZ ACEVEDO DIRECTOR 0.10 0.00 X 0 0 0 JESSICA ALBA DIRECTOR 0.10 0.00 X 0 0 0 MARK ATTANASIO DIRECTOR 0.10 0.00 X 0 0 0 JEANIE BUSS DIRECTOR 0.10 0.00 X 0 0 0 ANDY CAMPION DIRECTOR 0.10 0.00 X 0 0 0 ELAINE CHAO DIRECTOR (BEGIN 01/23) 0.10 0.00 X 0 0 0 MUFFY DAVIS DIRECTOR 0.10 0.00 X 0 0 0 ANITA DE FRANTZ DIRECTOR 0.10 0.00 X 0 0 0 JOSE E FELICIANO DIRECTOR (BEGIN 01/23) 0.10 0.00 X 0 0 0 LEX GILLETTE DIRECTOR (BEGIN 01/23) 0.10 0.00 X 0 0 0 DAVID HAGGERTY DIRECTOR 0.10 0.00 X 0 0 0 SARAH HIRSHLAND DIRECTOR 0.10 0.10 X 0 0 0 MELLODY HOBSON DIRECTOR 0.10 0.00 X 0 0 0 MATT JOHNSON DIRECTOR 0.10 0.00 X 0 0 0 MICHAEL JOHNSON DIRECTOR 0.10 0.00 X 0 0 0 JEFFREY KATZENBERG DIRECTOR 0.10 0.00 X 0 0 0 KATIE LEDECKY DIRECTOR (BEGIN 01/23) 0.10 0.00 X 0 0 0 JAMIE LEE DIRECTOR 0.10 0.00 X 0 0 0 ANN PHILBIN DIRECTOR 0.10 0.00 X 0 0 0 ALISON RESSLER DIRECTOR 0.10 0.00 X 0 0 0 PETE RODRIGUEZ DIRECTOR (BEGIN 07/23) 0.10 0.00 X 0 0 0 DANA SMITH DIRECTOR 0.10 0.00 X 0 0 0 MEGAN SMITH DIRECTOR 0.10 0.00 X 0 0 0 MARC STERN DIRECTOR 0.10 0.00 X 0 0 0 GENE SYKES DIRECTOR 0.10 0.10 X 0 0 0 MARK TATUM DIRECTOR 0.10 0.00 X 0 0 0 STUART WALDMAN DIRECTOR 0.10 0.00 X 0 0 0 AMY WAKELAND DIRECTOR (END 05/23) 0.10 0.00 X 0 0 0 YVONNE WHEELER DIRECTOR (BEGIN 07/23) 0.10 0.00 X 0 0 0 AMY GLEESON CHIEF MARKETING OFFICER 40.00 0.00 X 572267 0 6409 ANNA SCHMITZ SR. MANAGER, RISK 20.00 20.00 X 207677 0 5075 BRIAN LAFEMINA CHIEF BUSINESS OFFICER (END 12/23) 40.00 0.00 X 3124348 0 6344 DAVID MICHAEL CHIEF INFORMATION OFFICER 20.00 20.00 X 652541 0 4320 JOHN M HARPER CHIEF OPERATING OFFICER 40.00 0.00 X 694723 0 8544 KAREN STURGES CHIEF FINANCIAL OFFICER 20.00 20.00 X 629320 0 6168 KATHRYN CARTER CHIEF EXECUTIVE OFFICER (END 12/23) 20.00 20.00 X 1995290 0 4554 MAUREEN HARPER SVP, HUMAN RESOURCES 20.00 20.00 X 394301 0 6568 MICHELLE SCHWARTZ CHIEF EXTERNAL AFFAIRS OFFICER 40.00 0.00 X 618282 0 2580 ELISABETH FREINBERG SVP & DEPUTY GENERAL COUNSEL 40.00 0.00 X 377967 0 9963 TANJA OLANO CHIEF LEGAL & PEOPLE OFFICER AND CHIEF COMPLIANCE 20.00 20.00 X 1017905 0 2313 ALLISON KATZ-MAYFIELD SVP, GAMES DELIVERY REVENUE 40.00 0.00 X 379702 0 1980 MIKE BERNSTEIN VP, INSIGHTS & ANALYTICS 40.00 0.00 X 358962 0 9218 DANA LENT VP, GAMES EXPERIENCES & ENGAGEMENT 40.00 0.00 X 325697 0 1956 MARIA WU KISKIS VP, INFORMATION KNOWLEDGE & GAMES LEARNING 40.00 0.00 X 325144 0 2461 MICHAEL BUTKOVIC SVP, FINANCIAL PLANNING & ANALYSIS 40.00 0.00 X 323740 0 5286 PATRICIA FEAU VP, HOST CITY RELATIONS/FORMER ASST SEC 40.00 0.00 X 321888 0 9309 12976516 1639590 100488 91 1 1 0 AECOM TECHNICAL SERVICES INC 300 S GRAND AVE LOS ANGELES CA 90071 CONSTRUCTION AND ENGINEERING 5118973 GAVIN DE BECKER & ASSOCIATES LP 350 N GLENDALE AVE GLENDALE CA 91206 CONSULTING 1359825 WORKDAY INC 6110 STONERIDGE MALL ROAD PLEASANTON CA 94588 SOFTWARE 932794 THE BOSTON CONSULTING GROUP INC 200 PIER 4 BLVD BOSTON MA 02210 CONSULTING 850000 SLALOM INC 821 2ND AVENUE SUITE 1900 SEATTLE WA 98104 MARKETING, ADVERTISING, & MEDIA 425920 42 8000000 8000000 HOSPITALITY REVENUE 711300 2021255 2021255 2021255 2318209 2318209 156750 156750 0 0 CREDIT CARD REBATES 900099 5210 5210 5210 12344674 2026465 0 2318209 X 15293997 15293997 11004345 5069521 5934824 331197 331197 20622979 11186736 9436243 1301145 701969 599176 1482183 813925 668258 452611 32569 420042 575978 575978 502500 502500 16953889 11438987 5514902 1017036 956401 60635 729731 245675 484056 1307578 20106 1287472 2438919 1579974 858945 582291 459441 122850 395797 248066 147731 938312 938312 RIGHTS PAYMENTS 2439373 2439373 78369861 51320437 27049424 0 56016126 73349615 398929 16716461 1715083 37795812 3603617 1964482 1984414 1639135 4936432 12205883 65050984 141706906 7685326 6902689 180000000 280797540 31040391 73692500 218725717 361392729 X -153674733 -219685823 -153674733 -219685823 65050984 141706906 -66025187 14098 0 X 0 1 X 1 0 X 6689328 13831117 8000000 28520445 6689328 13831117 8000000 28520445 15594278 12926167 627682 149193 21262 574345 2318209 3690691 764650 2026465 2791115 35002251 0.36930 0.14980 X THE ORGANIZATION RECEIVED CONTRIBUTIONS IN 2016 AND 2017, HOWEVER IN 2018 THE ORGANIZATION CHANGED ITS FOCUS FROM RAISING CONTRIBUTIONS FOR BIDDING ON THE 2024 OLYMPIC AND PARALYMPIC GAMES TO PREPARING FOR THE 2028 OLYMPIC AND PARALYMPIC GAMES, WHICH WERE AWARDED TO LOS ANGELES. STARTING IN 2021, THE ORGANIZATION BEGAN RECEIVING CONTRIBUTIONS TO SUPPORT ITS MISSION OF HOSTING THE 2028 OLYMPIC AND PARALYMPIC GAMES. THE ORGANIZATION IS ACTIVELY WORKING AT DEVELOPING ITS STRATEGY FOR PHILANTHROPY AND PUBLIC CONTRIBUTIONS. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PROVIDER REVENUE - 2019 AMOUNT: $ 764,650. HOSPITALITY REVENUE - 2023 AMOUNT: $ 2,021,255. CREDIT CARD REBATES - 2023 AMOUNT: $ 5,210. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 502500 0 0 502500 0 PART II-B, LINE 1B DURING THE FISCAL PERIOD ENDED DECEMBER 31, 2023, TO ACCOMMODATE LOS ANGELES HOSTING THE GAMES IN 2028, LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 ("LA28") RELIED ON LA28'S PAID STAFF AND LA28'S PAID STRATEGIC ADVISORS, DLA PIPER, DENTONS GLOBAL ADVISORS, AND THE NICKLES GROUP TO COORDINATE WITH THE CONGRESSIONAL OLYMPIC AND PARALYMPIC CAUCUS, AND EDUCATE MEMBERS OF CONGRESS AND CONGRESSIONAL STAFF ABOUT PLANS FOR THE 2028 GAMES AND IN SUPPORT OF THE OLYMPIC AND PARALYMPIC MOVEMENTS IN THE UNITED STATES, GENERALLY. LA28 PAID STAFF, DLA PIPER, DENTONS GLOBAL ADVISORS AND THE NICKLES GROUP ALSO ENGAGED WITH FEDERAL GOVERNMENT OFFICIALS ON HOMELAND SECURITY, TRANSPORTATION, AND OTHER POLICY ISSUES RELATED TO THE 2028 GAMES. LA28 PAID STAFF AND LA28'S PAID STRATEGIC ADVISOR, SHAW YODER ANTWIH SCHMELZER & LANGE ("SYASL") ENGAGED WITH CALIFORNIA GOVERNMENT OFFICIALS ON PLANS FOR THE 2028 GAMES AND ON TRANSPORTATION AND PUBLIC SAFETY PLANNING, INCLUDING IMPLEMENTATION OF ASSEMBLY BILL 1754, WHICH ESTABLISHES A CALIFORNIA OLYMPIC AND PARALYMPIC PUBLIC SAFETY COOPERATIVE. LA PAID STAFF, WORKED WITH LOCAL GOVERNMENT OFFICIALS ON ISSUES RELATED TO GAMES PLANNING AND PREPARATION, INCLUDING TRANSPORTATION, PUBLIC SAFETY, AND ENERGY ISSUES. LA28 STAFF EDUCATED MEMBERS OF THE LOS ANGELES CITY COUNCIL AND THEIR STAFF TO ASSIST THEIR CONSIDERATION OF YOUTH SPORTS PROGRAMMING AND APPROVAL OF AN AGREEMENT (GAMES AGREEMENT) TO ARTICULATE TAXPAYER PROTECTIONS AND POLICY PRIORITIES RELATED TO THE GAMES. PART II-B, LINE 1G LA28, DLA PIPER, DENTONS GLOBAL ADVISORS AND THE NICKLES GROUP HAD DIRECT CONTACT WITH GOVERNMENT OFFICIALS TO COORDINATE WITH THE CONGRESSIONAL OLYMPIC AND PARALYMPIC CAUCUS AND EDUCATE MEMBERS OF CONGRESS AND CONGRESSIONAL STAFF ABOUT PLANS FOR THE 2028 GAMES AND IN SUPPORT OF THE OLYMPIC AND PARALYMPIC MOVEMENTS IN THE UNITED STATES GENERALLY. LA28, DLA PIPER, DENTONS GLOBAL ADVISORS, AND THE NICKLES GROUP ALSO ENGAGED WITH GOVERNMENT OFFICIALS ON HOMELAND SECURITY, TRANSPORTATION AND OTHER POLICY ISSUES RELATED TO THE 2028 GAMES. LA28 AND SYASL ENGAGED WITH CALIFORNIA GOVERNMENT OFFICIALS ON TRANSPORTATION AND PUBLIC SAFETY PLANNING, INCLUDING IMPLEMENTATION OF ASSEMBLY BILL 1754, WHICH ESTABLISHES A CALIFORNIA OLYMPIC AND PARALYMPIC PUBLIC SAFETY COOPERATIVE. 3040194 1560775 1479419 89608 72456 17152 473815 331251 142564 1639135 RIGHT OF USE ASSETS 4544332 DEPOSITS AND OTHER NON-CURRENT ASSETS 7661551 12205883 DEFERRED RENT/LEASE INCENTIVE - LT 4549660 DEFERRED RENT/LEASE INCENTIVE - ST 1419750 OTHER CURRENT LIABILITIES 1670836 OTHER NONCURRENT LIABILITIES 66052254 73692500 X PART X, LINE 2: "THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE-LIKELY-THAN-NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2023, TAX YEARS AFTER 2019 ARE OPEN FOR AUDIT." EUROPE (INCLUDING ICELAND & GREENLAND) 0 24 PROGRAM SERVICES GAMES OPERATIONS AND IOC MEETINGS 222674 EAST ASIA AND THE PACIFIC 0 3 PROGRAM SERVICES GAMES OPERATIONS AND IOC MEETINGS 22280 0 24 0 0 0 24 244954 0 244954 0 0 0 0 0 0 1 CITY OF LOS ANGELES DEPARTMENT OF RECREATION AND PARKS 221 N FIGUEROA STREET SUITE 350 LOS ANGELES CA 90012 956000735 GOVT 14346305 0 ADVANCE ORGANIZATION'S MISSION BY FUNDING YOUTH SPORT PARTNERSHIP TO MAKE SPORT MORE ACCESSIBLE AND AFFORDABLE TO MORE YOUNG LOS ANGELINOS LEADING UP TO THE GAMES IN 2028. 1 0 PART I, LINE 2: GRANT RECIPIENTS ARE REQUIRED TO SEPARATELY ACCOUNT FOR THE USE OF THE GRANT FUNDS ON THEIR BOOKS AND RECORDS SO THAT THE ORGANIZATION CAN VERIFY IF THE FUNDS HAVE BEEN USED FOR CHARITABLE PURPOSES. THE ORGANIZATION HAS THE RIGHT TO AUDIT AND INSPECT THE BOOKS AND RECORDS OF ITS GRANT RECIPIENTS TO CONFIRM THE PROPER USE OF THE FUNDS. IF ANY FUNDS ARE NOT USED FOR THE PURPOSE OF THE GRANT, THE RECIPIENTS WILL BE REQUIRED TO RETURN SUCH FUNDS TO THE ORGANIZATION. X X X 0 0 0 1 1 0 0 0 0 BRIAN LAFEMINA CHIEF BUSINESS OFFICER (END 12/23) 771682 0 2350000 0 2666 0 0 0 6344 0 3130692 0 2300000 0 KATHRYN CARTER CHIEF EXECUTIVE OFFICER (END 12/23) 975593 0 1017500 0 2197 0 0 0 4554 0 1999844 0 617500 0 TANJA OLANO CHIEF LEGAL & PEOPLE OFFICER AND CHI 478493 0 537201 0 2211 0 0 0 2313 0 1020218 0 143451 0 CHRISTOPHER PEPE DIRECTOR/USOPP CHIEF COMMERCIAL OFFI 0 567023 0 257982 0 102205 0 0 0 1148 0 928358 0 157982 DANIEL KOBLIN DIRECTOR/USOPP CHIEF OPERATING OFFIC 0 476300 0 182705 0 53375 0 0 0 6168 0 718548 0 132705 JOHN M HARPER CHIEF OPERATING OFFICER 486218 0 206287 0 2218 0 0 0 8544 0 703267 0 156287 0 JANET B EVANS CHIEF ATHLETE OFFICER 467473 0 187100 0 2189 0 0 0 124 0 656886 0 137100 0 DAVID MICHAEL CHIEF INFORMATION OFFICER 478997 0 171350 0 2194 0 0 0 4320 0 656861 0 140100 0 KAREN STURGES CHIEF FINANCIAL OFFICER 471420 0 155709 0 2191 0 0 0 6168 0 635488 0 138000 0 MICHELLE SCHWARTZ CHIEF EXTERNAL AFFAIRS OFFICER 460729 0 155334 0 2219 0 0 0 2580 0 620862 0 128250 0 AMY GLEESON CHIEF MARKETING OFFICER 402217 0 167505 0 2545 0 0 0 6409 0 578676 0 117505 0 MAUREEN HARPER SVP, HUMAN RESOURCES 307029 0 85030 0 2242 0 0 0 6568 0 400869 0 60030 0 ELISABETH FREINBERG SVP & DEPUTY GENERAL COUNSEL 299514 0 76184 0 2269 0 0 0 9963 0 387930 0 61600 0 ALLISON KATZ-MAYFIELD SVP, GAMES DELIVERY REVENUE 293261 0 84198 0 2243 0 0 0 1980 0 381682 0 59198 0 MIKE BERNSTEIN VP, INSIGHTS & ANALYTICS 277719 0 78986 0 2257 0 0 0 9218 0 368180 0 53986 0 PATRICIA FEAU VP, HOST CITY RELATIONS/FORMER ASST 248181 0 71421 0 2286 0 0 0 9309 0 331197 0 46421 0 MICHAEL BUTKOVIC SVP, FINANCIAL PLANNING & ANALYSIS 300000 0 21457 0 2283 0 0 0 5286 0 329026 0 13644 0 DANA LENT VP, GAMES EXPERIENCES & ENGAGEMENT 258393 0 65036 0 2268 0 0 0 1956 0 327653 0 50452 0 MARIA WU KISKIS VP, INFORMATION KNOWLEDGE & GAMES LE 268879 0 54005 0 2260 0 0 0 2461 0 327605 0 42546 0 ANNA SCHMITZ SR. MANAGER, RISK 195566 0 9757 0 2354 0 0 0 5075 0 212752 0 9757 0 PART I, LINE 5 THE ORGANIZATION'S BOARD OF DIRECTORS APPROVED THE FRAMEWORK FOR A LONG-TERM INCENTIVE BONUS PLAN FOR EXECUTIVES AND MEMBERS OF SENIOR LEADERSHIP. THE PURPOSE OF THE PLAN IS TO: (A) DRIVE PERFORMANCE AHEAD OF THE OLYMPIC AND PARALYMPIC GAMES IN 2028, (B) REWARD EXECUTION LEADING UP TO THE OLYMPIC AND PARALYMPIC GAMES IN 2028, AND (C) RETAIN KEY EMPLOYEES OF THE ORGANIZATION THROUGH THE OLYMPIC AND PARALYMPIC GAMES IN 2028. AS OF DECEMBER 31, 2023, 25 EMPLOYEES WERE ELIGIBLE FOR THE LONG-TERM INCENTIVE BONUS PLAN. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS DELEGATED ALL THE POWER AND AUTHORITY OF THE BOARD, EXCEPT FOR THE DUTIES THAT HAVE BEEN EXPRESSLY DELEGATED TO OTHER COMMITTEES, AND EXCEPT FOR AUTHORITY THAT IS NOT PERMITTED TO BE POSSESSED BY OR DELEGATED TO A COMMITTEE UNDER CALIFORNIA NONPROFIT LAW, OR THE ARTICLES OF INCORPORATION OF THE ORGANIZATION, OR THE BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS OF THE ORGANIZATION PROVIDE CERTAIN CONSENT RIGHTS TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION RETAINS A CERTIFIED PUBLIC ACCOUNTING FIRM TO PREPARE FORM 990. THE RETURN PREPARER PROVIDES A COPY OF FORM 990 TO THE ORGANIZATION'S CHAIRPERSON, CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF LEGAL OFFICER, VP CONTROLLER, AND AUDIT COMMITTEE FOR REVIEW BEFORE IT IS FILED. ANY ISSUES ARISING FROM THESE REVIEWS ARE DISCUSSED AND RESOLVED WITH THE RETURN PREPARER BEFORE FILING. A COPY OF THE REVISED FORM 990 IS MADE AVAILABLE TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR ITS REVIEW. FOLLOWING SUCH REVIEW, UPON APPROVAL FROM THE ORGANIZATION'S CHAIRPERSON AND CHIEF EXECUTIVE OFFICER, FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION HAS A FORMAL CONFLICT OF INTEREST POLICY. ARTICLE III OF SUCH POLICY DESCRIBES PROCEDURES TO DISCLOSE AND RESOLVE CONFLICTS OF INTEREST. ADDITIONAL OVERSIGHT IS BEING PROVIDED THROUGH THE CONFLICTS COMMITTEE UNDER THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 IN MAY 2021 LA28 ENGAGED MERCER US INC. ("MERCER") TO EVALUATE THE REASONABLENESS OF THE PROPOSED COMPENSATION FOR LA28'S CEO. IN MERCER'S REPORT REGARDING LA28 CHIEF EXECUTIVE OFFICER REASONABLENESS OPINION FOR PROPOSED COMPENSATION ISSUED IN MAY 2021, MERCER DOCUMENTED ITS MARKET EVALUATION PROCESS AND FINDINGS. IN MERCER'S OPINION, THE BENCHMARKING AND MARKET EVALUATION PROCESS AND RESULTING MARKET COMPARABILITY DATA SATISFY ALL REQUIREMENTS FOR COMPLIANCE WITH INTERNAL REVENUE CODE SECTION 4958 AND THE REGULATIONS THEREUNDER. ON MAY 4, 2021, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF LA28 REVIEWED AND RELIED UPON MERCER'S REPORT AND, HAVING DETERMINED THAT THE PROPOSED COMPENSATION FOR THE CEO WAS APPROPRIATE AND REASONABLE, APPROVED SUCH COMPENSATION. IN ADDITION, LA28'S CHAIRPERSON WORKS FOR THE ORGANIZATION ON A VOLUNTARY BASIS WITHOUT COMPENSATION. IN 2023, THE BOARD OF DIRECTORS OF LA28 ENGAGED MERCER TO EVALUATE THE REASONABLENESS OF THE PROPOSED COMPENSATION PROGRAM FOR LA28'S PAID SENIOR EXECUTIVES ("THE EXECUTIVES"). IN MERCER'S REPORT ENTITLED EXECUTIVE COMPENSATION, MERCER DOCUMENTED ITS MARKET EVALUATION METHODOLOGY AND MARKET FINDINGS. IN MERCER'S OPINION, THE BENCHMARKING AND MARKET EVALUATION PROCESS AND RESULTING MARKET COMPARABILITY DATA SATISFY ALL REQUIREMENTS FOR COMPLIANCE WITH INTERNAL REVENUE CODE SECTION 4958 AND THE REGULATIONS THEREUNDER. IN CONJUNCTION WITH THE MERCER REPORT DISCUSSED ABOVE, MERCER ALSO CONDUCTED A SERIES OF MARKET PRICING AND BENCHMARK EXERCISES TO EVALUATE AND DETERMINE THE REASONABLENESS OF THE PROPOSED COMPENSATION PROGRAMS FOR NON-EXECUTIVE LA28 PAID STAFF. THE BENCHMARKING AND MARKET EVALUATION PROCESS AND RESULTING MARKET COMPARABILITY DATA SATISFY ALL REQUIREMENTS FOR COMPLIANCE WITH INTERNAL REVENUE CODE SECTION 4958 AND THE REGULATIONS THEREUNDER. IN 2023, THE BOARD REVIEWED AND RELIED UPON MERCER'S REPORT AND, HAVING DETERMINED THAT THE PROPOSED COMPENSATION FOR THE STAFF WAS APPROPRIATE AND REASONABLE, APPROVED SUCH COMPENSATION. ONGOING METHODOLOGY AND MARKET FINDINGS ARE IN PLACE TO INFORM ALL COMPENSATION DECISIONS FOR LA28 PAID STAFF. MERCER CONTINUES TO BE THE ADVISORY PARTY TO ANY COMPENSATION PROGRAMS FOR LA28, INCLUDING PROVIDING ADVICE AND ANALYSIS WITH RESPECT TO COMPENSATION FOR NEW EXECUTIVE HIRES. ONGOING SINCE THE 2023 MERCER BENCHMARKING, LA28 EXECUTIVES HAVE PARTICIPATED IN THE ANNUAL PERFORMANCE REVIEW PROCESS AND HAVE RECEIVED ANNUAL SALARY INCREASE IN LINE WITH LA28 COMPENSATION PRACTICES FOR ALL STAFF. ANY ADJUSTMENTS TO EXECUTIVE SALARY OUTSIDE THE ANNUAL REVIEW PROCESS HAVE BEEN REVIEWED AND APPROVED BY BOARD. FORM 990, PART VI, SECTION C, LINE 19 CERTAIN GOVERNING DOCUMENTS ARE HELD AT THE ORGANIZATION'S PRINCIPAL OFFICE. SUCH DOCUMENTS ARE OPEN TO INSPECTION BY PERSONS, AS REQUIRED BY LAW, AT ALL REASONABLE TIMES DURING OFFICE HOURS. DOCUMENTS NOT AVAILABLE AT THE ORGANIZATION'S PRINCIPAL OFFICE ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 10,932,046. MANAGEMENT AND GENERAL EXPENSES 5,492,301. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,424,347. GOVERNMENT RELATIONS: PROGRAM SERVICE EXPENSES 492,448. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 492,448. GOVERNANCE, ETHIC, COMPLIANCE: PROGRAM SERVICE EXPENSES 14,493. MANAGEMENT AND GENERAL EXPENSES 22,601. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,094. UNITED STATES OLYMPIC AND PARALYMPIC PROPERTIES LLC 10900 WILSHIRE BOULEVARD STE 700 LOS ANGELES CA 90024 320570956 FUNDRAISING CA 501(C)(3) LINE 7 LOS ANGELES ORGANIZING COMMITTEE FOR THE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 UNITED STATES OLYMPIC AND PARALYMPIC PROPERTIES LLC O 1980007 ACTUAL COST, RELATED OVERHEAD UNITED STATES OLYMPIC AND PARALYMPIC PROPERTIES LLC S 23839342 CASH