2020-11-13T16:30:00-06:00 2019-12-31 HOLTHOUSE CARLIN & VAN TRIGT LLP 355 S GRAND AVE STE 1710 LOS ANGELES CA 90071 990 2019-01-01 472018941 LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 % GREG MATTHEWS LOSA 4243204510 10900 WILSHIRE BOULEVARD Suite 700 LOS ANGELES CA 90024 GREG MATTHEWS VICE PRESIDENT, F&A 4243204510 2020-11-15 true MICHAEL S DREYER P00002084 2136838790 162.231.162.49 96719820203185000000 2020-11-13 P E890402D6BED8BD31920FB968A4BAD196C0F1414 8CA51ED83BFC27D502E0A73A35436B22774594B0 2019 2021-01-29 14:40:06Z GREG MATTHEWS 10900 WILSHIRE BLVD STE 700 LOS ANGELES CA 90024 1392332 false 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 PROMOTION & SPONSORSHIP OF L.A. AS SITE OF OLYMPIC GAMES. 29 29 34 0 0 0 0 389196 764650 177339 627682 0 0 566535 1392332 1151642 849071 0 0 7239077 12914566 0 0 0 8255002 9649142 16645721 23412779 -16079186 -22020447 26607974 41966738 45141758 82524199 -18533784 -40557461 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") IN LOS ANGELES BY, AMONG OTHER THINGS, (I) PLANNING, ORGANIZING, FINANCING, PROMOTION, SPONSORSHIP, HOSTING AND STAGING THE GAMES, (II) RAISING FUNDS TO BE USED TO PLAN, ORGANIZE, FINANCE, PROMOTE, SPONSOR, HOST OR STAGE THE GAMES, (III) CREATING AND IMPLEMENTING SUSTAINABILITY AND LEGACY PROGRAMMES FOR THE GAMES, AND (IV) CARRYING ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH ITS PURPOSE, AS ALLOWED BY LAW. false false 17016098 0 1389069 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. 849071 849071 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. 17865169 true false false true false false false false false false true false false false true true true true false false false false false false false false false true false true false false false false false false false true false false false false false true true true false false true 25 0 true 34 true false false false false false false false false false false false false X 29 29 false false true false false false false true true false false true true true true false true false true true true CA X X GREG MATTHEWS 3103204510 10900 WILSHIRE BOULEVARD STE 700 LOS ANGELES CA 90024 X KATHRYN CARTER CHIEF EXECUTIVE OFFICER, USOPP 0.0 40.0 X 0 999658 0 BRIAN LAFEMINA CHIEF BUSINESS OFFICER 40.0 0.0 X 818720 0 0 JANET EVANS CHIEF ATHLETE OFFICER/DIRECTOR 40.0 0.0 X X 547500 0 0 JOHN HARPER CHIEF OPERATING OFF./TREASURER 40.0 0.0 X 528849 0 0 BRIAN NELSON CHIEF LEGAL OFFICER 40.0 0.0 X 528500 0 0 DANIEL KOBLIN CHIEF OPERATING OFFICER, USOPP 0.0 40.0 X 0 524224 0 CHRISTOPHER PEPE CHIEF COMMERCIAL OFF., USOPP 0.0 40.0 X 0 440582 0 BRENCE CULP CHIEF IMPACT OFFICER 40.0 0.0 X 430973 0 0 TANJA OLANO VICE PRESIDENT/GENERAL COUNSEL 40.0 0.0 X 308155 0 0 MICHAEL O'CONOR SR. 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OF BUSINESS STRATEGY 40.0 0.0 X 114959 0 0 MICHAEL BERNSTEIN V.P., INSIGHTS & ANALYTICS 40.0 0.0 X 101975 0 0 CASEY WASSERMAN CHAIRPERSON/PRESIDENT/DIRECTOR 0.0 0.0 X X 0 0 0 BEA ACEVEDO DIRECTOR 0.0 0.0 X 0 0 0 JESSICA ALBA DIRECTOR 0.0 0.0 X 0 0 0 MARK ATTANASIO DIRECTOR 0.0 0.0 X 0 0 0 JEANIE BUSS DIRECTOR 0.0 0.0 X 0 0 0 ANDY CAMPION DIRECTOR 0.0 0.0 X 0 0 0 MUFFY DAVIS DIRECTOR 0.0 0.0 X 0 0 0 ANITA DEFRANTZ DIRECTOR 0.0 0.0 X 0 0 0 SARAH HIRSHLAND DIRECTOR 0.0 0.0 X 0 0 0 MELLODY HOBSON DIRECTOR 0.0 0.0 X 0 0 0 MATT JOHNSON DIRECTOR 0.0 0.0 X 0 0 0 MICHAEL JOHNSON DIRECTOR 0.0 0.0 X 0 0 0 JEFFERY KATZENBERG DIRECTOR 0.0 0.0 X 0 0 0 JAIME LEE DIRECTOR 0.0 0.0 X 0 0 0 GREG PENSKE DIRECTOR 0.0 0.0 X 0 0 0 ANN PHILBIN DIRECTOR 0.0 0.0 X 0 0 0 KIKKAN RANDALL DIRECTOR 0.0 0.0 X 0 0 0 ALLISON RESSLER DIRECTOR 0.0 0.0 X 0 0 0 DANA SMITH DIRECTOR 0.0 0.0 X 0 0 0 MEGAN SMITH DIRECTOR 0.0 0.0 X 0 0 0 MARC STERN DIRECTOR 0.0 0.0 X 0 0 0 GENE SYKES DIRECTOR 0.0 0.0 X 0 0 0 MARK TATUM DIRECTOR 0.0 0.0 X 0 0 0 CYNTHIA TELLES DIRECTOR 0.0 0.0 X 0 0 0 STUART WALDMAN DIRECTOR 0.0 0.0 X 0 0 0 AMY WAKELAND DIRECTOR 0.0 0.0 X 0 0 0 ERNIE WOODEN DIRECTOR 0.0 0.0 X 0 0 0 SUSANNE LYONS DIRECTOR 0.0 0.0 X 0 0 0 5116322 3253269 0 36 false true false BROADSTONE GROUP 124 WASHINGTON STREET STE 101 FOXBORO MA 02035 MAJOR EVENT PLANNING 485850 PROSKAUER ROSE LLP ELEVEN TIMES SQUARE NEW YORK NY 10036 LEGAL 692370 AECOM TECHNICAL SERVICES INC 999 TOWN COUNTRY ROAD ORANGE CA 928684786 MASTERPLAN DEVELOPMN 1210000 DLA PIPER LLP 555 MISSION STREET SUITE 2400 SAN FRANCISCO CA 94105 LEGAL 274697 LEGENDS SALES MARKETING LLC 61 BROADYWAY SUITE 2400 NEW YORK NY 10006 MARKETING CONSULTING 916666 5 0 PROVIDER REVENUE 764650 764650 764650 627682 627682 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1392332 1392332 849071 849071 0 0 0 7163655 5337326 1826329 0 0 4626532 3392438 1234094 0 0 498310 378618 119692 0 626069 475272 150797 0 0 810400 6956 803444 0 285885 203529 82356 0 55000 55000 0 0 0 0 4739768 4485523 254245 0 11498 11498 0 0 33888 28558 5330 0 270304 153898 116406 0 0 1031699 727264 304435 0 860844 694489 166355 0 0 0 0 0 386103 227520 158583 0 474077 278869 195208 0 MEALS & ENTERTAINMENT 87432 70030 17402 0 EVENT EXPENSE 166476 148076 18400 0 PARKING EXPENSE 99674 58632 41042 0 SHIPPING EXPENSE 8996 3984 5012 0 327098 278618 48480 23412779 17865169 5547610 0 3481544 1169968 18641813 35549860 101998 37797 438952 1006288 0 0 0 0 0 0 0 0 366375 438205 3492571 469901 3355309 3022670 0 0 0 0 0 0 0 0 221983 741950 26607974 41966738 525390 1014307 0 0 40610784 75846154 0 0 0 0 0 0 0 0 0 0 4005584 5663738 45141758 82524199 X -18533784 -40557461 0 0 -18533784 -40557461 26607974 41966738 -22020447 -3263 33 X false true X true false X 32635000 17725404 1271292 0 0 51631696 0 0 32635000 17725404 1271292 0 0 51631696 0 51631696 0 988 643 177339 627682 806652 0 0 0 0 389196 764650 1153846 53592194 X false true false false false false true 155000 false false 155000 false PART II-B, LINE 1B DURING THE FISCAL PERIOD ENDED DECEMBER 31, 2019, TO ACCOMMODATE LOS ANGELES HOSTING THE GAMES IN 2028, LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 ("LA2028") RELIED ON LA2028'S PAID STAFF AND LA2028'S PAID STRATEGIC ADVISOR, DLA PIPER, COORDINATED WITH THE CONGRESSIONAL OLYMPIC AND PARALYMPIC CAUCUS, AND EDUCATED 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. LA2028 PAID STAFF AND DLA PIPER ALSO ENGAGED WITH FEDERAL GOVERNMENT OFFICIALS ON HOMELAND SECURITY AND TRANSPORTATION POLICY ISSUES RELATED TO THE 2028 GAMES. LA2028 PAID STAFF AND LA2028'S PAID STRATEGIC ADVISOR, SHAW YODER ANTWIH SCHMEIZER & LANGE ("SYASL") ENGAGED WITH CALIFORNIA GOVERNMENT OFFICIALS ON PLANS FOR THE 2028 GAMES AND TO ADVOCATE FOR ASSEMBLY BILL 1754, WHICH THE LEGISLATURE PASSED AND GOVERNOR SIGNED AND ESTABLISHES A CALIFORNIA OLYMPIC AND PARALYMPIC PUBLIC SAFETY COMMAND. LA2028 ALSO RELIED ON PAID STAFF TO ADVOCATE IN FAVOR OF A NUMBER OF AUTHORIZATIONS THAT THE INTERNATIONAL OLYMPIC COMMITTEE REQUIRES THE U.S. GOVERNMENT RATIFY AHEAD OF THE 2028 GAMES. PART II-B, LINE 1G LA2028 AND DLA PIPER 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. LA2028 AND DLA PIPER ALSO ENGAGED WITH GOVERNMENT OFFICIALS ON HOMELAND SECURITY AND TRANSPORTATION POLICY ISSUES RELATED TO THE 2028 GAMES. LA2028 AND SYASL ENGAGED WITH CALIFORNIA GOVERNMENT OFFICIALS TO ADVOCATE FOR ASSEMBLY BILL 1754. LA2028 ALSO ENGAGED WITH GOVERNMENT OFFICIALS TO ADVOCATE IN FAVOR OF A NUMBER OF AUTHORIZATIONS THAT THE INTERNATIONAL OLYMPIC COMMITTEE REQUIRES THE U.S. GOVERNMENT RATIFY AHEAD OF THE 2028 GAMES. 0 3040194 469901 2570293 0 12615 12615 0 439762 439762 3022670 0 ACCRUED LIABILITIES 3589069 OTHER CURRENT LIABILITIES -20 CREDIT CARD ACCRUALS 69519 PAYROLL LIABILITIES 310840 OTHER LONG-TERM LIABILITIES 1694330 5663738 X 1389069 -3263 -3263 1392332 1392332 23412779 23412779 23412779 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. true LOS ANGELES PARKS FOUNDATION 2650 NORTH COMMONWEALTH AVENUE LOS ANGELES CA 90027 262358338 501(c)(3) 849071 YOUTH SPORTS PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES 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. 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LCW LLC MORE THAN 35% OWNED 128077 REIMBURSEMENT OF TRAVEL EXP. false BUSINESS TRANSACTIONS- RELATIONSHIP BTWN. INTERESTED PERSON & ORGANIZATION LCW, LLC IS MORE THAN 35% OWNED AND CONTROLLED BY CASEY WASSERMAN, CHAIRPERSON/PRESIDENT/DIRECTOR. THE ORGANIZATION REIMBURSED LCW, LLC FOR CERTAIN TRAVEL EXPENSES INCURRED BY LCW, LLC ON BEHALF OF THE ORGANIZATION. THE DISINTERESTED MEMBERS OF A COMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION REVIEWED AND APPROVED THE ORGANIZATION'S CONTRACT WITH LCW, LLC. MR. WASSERMAN RECUSED HIMSELF FROM AND DID NOT PARTICIPATE IN DISCUSSIONS REGARDING THIS MATTER. FORM 990, PART VI, SECTION A, LINE 4 BOARD OF DIRECTORS FORMED CONFLICTS COMMITTEE. BYLAWS OF THE ORGANIZATION WERE AMENDED ACCORDINGLY AND CONFLICTS COMMITTEE CHARTER EXECUTED. 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 OPERATING OFFICER, CHIEF LEGAL OFFICER, VICE PRESIDENT OF FINANCE AND ACCOUNTING, 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 CREATION OF A CONFLICTS COMMITTEE UNDER THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15B (FROM PRIOR YEARS): IN OCTOBER 2015, THE BOARD OF DIRECTORS ("BOARD") OF LA2028 ENGAGED FREDERIC W. COOK & CO. INC. ("COOK & CO.") TO EVALUATE THE REASONABLENESS OF THE PROPOSED COMPENSATION PROGRAM FOR LA2028'S PAID SENIOR EXECUTIVES ("THE EXECUTIVES"). IN ADDITION, LA2028'S CHAIRPERSON AND CHIEF EXECUTIVE OFFICER BOTH WORK FOR THE ORGANIZATION ON A VOLUNTARY BASIS WITHOUT COMPENSATION. IN COOK & CO.'S REPORT ENTITLED EXECUTIVE COMPENSATION EVALUATION AND DATED OCTOBER 22, 2015, COOK & CO. DOCUMENTED ITS MARKET EVALUATION METHODOLOGY AND MARKET FINDINGS. IN COOK & CO.'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 OCTOBER 26, 2015, THE BOARD REVIEWED AND RELIED UPON COOKE & CO.'S REPORT AND, HAVING DETERMINED THAT THE PROPOSED COMPENSATION FOR THE EXECUTIVES WAS APPROPRIATE AND REASONABLE, APPROVED SUCH COMPENSATION. In November 2017, after the 2028 Summer Olympics and Paralympics Games were awarded to the City of Los Angeles, LA2028 began the process of developing a new organization to oversee the planning and execution of the games. The focus of the staff has transitioned from dealing with international issues with the International Olympic Committee to more localized planning through 2028. LA2028, in joint venture with the United States Olympic and Paralympic Committee, has established U.S. Olympics and Paralympic Properties (USOPP). LA2028 is hiring the appropriate individuals to lead the organization and design an organizational structure that will evolve, depending on key priorities over the intervening time period; e.g., secure Game sponsors, construct new venues, etc., and put in place a total compensation philosophy, strategy, and framework. In addition, LA2028 wants to ensure that USOPP is viewed as "best in class" from a variety of perspectives and is considered to be a world class model of how others may pursue these activities in the future. Work of evaluating appropriate compensation is ongoing. 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 DESCRIPTION:CONSULTING TOTAL FEES:953551 FORM 990 PART IX LINE 11G DESCRIPTION:INSURANCE TOTAL FEES:135303 FORM 990 PART IX LINE 11G DESCRIPTION:FILM PRODUCTION TOTAL FEES:66255 FORM 990 PART IX LINE 11G DESCRIPTION:CREATIVE SERVICES TOTAL FEES:504833 FORM 990 PART IX LINE 11G DESCRIPTION:STRUCTURAL TOTAL FEES:1100000 FORM 990 PART IX LINE 11G DESCRIPTION:PUBLIC RELATIONS TOTAL FEES:80000 FORM 990 PART IX LINE 11G DESCRIPTION:EVENT MANAGEMENT TOTAL FEES:24843 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:1874983 UNITED STATES OLYMPIC AND PARALYMPIC PRO 10900 WILSHIRE BOULEVARD STE 700 LOS ANGELES CA 90024 320570956 SPONSORSHIP/MKTG. DE LOS ANGELES ORG RELATED -6590802 -9347611 false true 1.00000 false false false false false false false false false false false false true false false false true false UNITED STATES OLYMPIC AND PARALYMPIC PROPERTI R 5421655 BOOK