UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC (EIN 32-0570956)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-09
- IRS object ID
- 202523139349301007
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-09T20:19:13-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 861065772 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 695 TOWN CENTER DR STE 1000 | AddressLine1Txt |
| City | COSTA MESA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92626 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 320570956 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNITED STATES OLYMPIC AND PARALYMPIC | BusinessNameLine1Txt |
| Business Name Line2 | PROPERTIES LLC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIT | BusinessNameControlTxt |
| Phone | 4243204500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1150 SOUTH OLIVE STREET 700 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90015 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KAREN STURGES | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4243204500 | PhoneNum |
| Signature | 2025-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN W SADOFF JR | PreparerPersonNm |
| PTIN | P00540589 | PTIN |
| Phone | 7144367100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | KAREN STURGES | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1150 SOUTH OLIVE STREET 700 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90015 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $216,282,143 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTP://WWW.LA28.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2022 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | THE ORGANIZATION AIMS TO BENEFIT THE RESIDENTS OF THE UNITED STATES THROUGH THE PLANNING, PROMOTION AND STAGING OF THE XXXIV OLYMPIAD AND THE XVIII PARALYMPIC GAMES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 4 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 39 | TotalEmployeeCnt |
| Total Volunteers | 3 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $34,312,491 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $34,319,198 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $206,892,496 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,029,333 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,913,705 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,980,007 | PYOtherRevenueAmt |
| CY Other Revenue | $475,942 | CYOtherRevenueAmt |
| PY Total Revenue | $71,641,029 | PYTotalRevenueAmt |
| CY Total Revenue | $216,282,143 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,282,678 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,307,408 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $72,818,151 | PYOtherExpensesAmt |
| CY Other Expenses | $83,977,336 | CYOtherExpensesAmt |
| PY Total Expenses | $80,100,829 | PYTotalExpensesAmt |
| CY Total Expenses | $90,284,744 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$8,459,800 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $125,997,399 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $147,990,533 | TotalAssetsBOYAmt |
| Total Assets EOY | $372,771,867 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $235,837,845 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $334,621,780 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$87,847,312 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $38,150,087 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE ORGANIZATION AIMS TO BENEFIT THE RESIDENTS OF THE UNITED STATES THROUGH THE PLANNING, PROMOTION AND STAGING OF THE XXXIV OLYMPIAD AND THE XVIII PARALYMPIC GAMES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $89,500,051 | ExpenseAmt |
| Revenue | $207,368,438 | RevenueAmt |
| Desc | RAISING FUNDS TO BE USED TO PLAN, ORGANIZE, FINANCE, PROMOTE, SPONSOR, HOST AND STAGE THE 2028 GAMES. | Desc |
| Total Program Service Expenses | $89,500,051 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 14 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 39 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 4 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KAREN STURGES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4243204500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1150 SOUTH OLIVE STREET STE 700 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90015 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| REYNOLD HOOVER | |||||||||
| DIRECTOR & CHIEF EXEC OFFICER (LA28) | 0.10 | 39.90 | Yes (X) | $0 | $481,831 | $5,548 | |||
| CASEY WASSERMAN | |||||||||
| CHAIRPERSON/PRESIDENT | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| GENE SYKES | |||||||||
| DIRECTOR | 0.10 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| SARAH HIRSHLAND | |||||||||
| DIRECTOR | 0.10 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| JOHN SLUSHER | |||||||||
| CHIEF EXECUTIVE OFFICER (USOPP) | 39.90 | 0.10 | $933,769 | $0 | $1,957 | Yes (X) | |||
| TANJA OLANO | |||||||||
| CHIEF LGL/PPL/COMP OFF (END 9/24) | 20.00 | 20.00 | $0 | $876,400 | $12,832 | Yes (X) | |||
| KAREN STURGES | |||||||||
| CHIEF FINANCIAL OFFICER | 20.00 | 20.00 | $0 | $741,670 | $35,117 | Yes (X) | |||
| DANIEL KOBLIN | |||||||||
| CHIEF OPERATING OFFICER (USOPP) | 39.90 | 0.10 | $725,092 | $0 | $38,015 | Yes (X) | |||
| CHRISTOPHER PEPE | |||||||||
| CHF COMMERCIAL OFF(USOPP)(END 12/24) | 39.90 | 0.10 | $690,210 | $0 | $3,974 | Yes (X) | |||
| ELISABETH FREINBERG | |||||||||
| CHIEF LEGAL OFFICER & SECRETARY | 20.00 | 20.00 | $0 | $513,943 | $38,652 | Yes (X) | |||
| AARON LOWENSTEIN | |||||||||
| VP, DEP GEN COUNSEL & ASST SECRETARY | 20.00 | 20.00 | $0 | $238,168 | $22,217 | Yes (X) | |||
| TAMI MAJER | |||||||||
| CHIEF PEOPLE OFFICER | 20.00 | 20.00 | $0 | $62,814 | $3,588 | Yes (X) | |||
| DAVID MINGEY | |||||||||
| SVP, COMMERCIAL PARTNERSHIPS | 40.00 | 0.00 | $636,924 | $0 | $44,386 | Yes (X) | |||
| PETER ZEYTOONJIAN | |||||||||
| SVP, CONSUMER PRODUCTS | 40.00 | 0.00 | $512,757 | $0 | $22,423 | Yes (X) | |||
| RYAN EDDY | |||||||||
| VP, PARTNERSHIPS | 40.00 | 0.00 | $343,027 | $0 | $12,875 | Yes (X) | |||
| HAYLE CHUN | |||||||||
| SR DIRECTOR, BUSINESS OPERATIONS | 40.00 | 0.00 | $265,505 | $0 | $43,990 | Yes (X) | |||
| VANESSA SHAY | |||||||||
| VP, PARTNERSHIP | 40.00 | 0.00 | $299,920 | $0 | $7,130 | Yes (X) | |||
| KATHRYN CARTER | |||||||||
| FORMER CHIEF EXECUTIVE OFFICER | 0.00 | 0.00 | $0 | $1,950,000 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,407,204 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $4,864,826 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $292,704 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 19 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|
| SALESFORCECOM INC | |||||||||
| 415 MISSION STREET 3RD FLOOR | SAN FRANCISCO | CA | 94105 | INFORMATION TECHNOLOGY | $5,333,861 | ||||
| I'M FROM THE FUTURE LLC | |||||||||
| 709 NORTH 2ND ST 300 | PHILADELPHIA | PA | 19123 | MARKETING, ADVERTISING, & MEDIA | $1,633,463 | ||||
| ON LOCATION | |||||||||
| HOSPITALITY & EVENTS | $377,550 | 8 RUE DE LA BAUME | PARIS | FR | 75008 | ||||
| METHODOLOGY IT INC | |||||||||
| 8939 S SEPULVEDA BLVD SUITE 230 | LOS ANGELES | CA | 90045 | INFORMATION TECHNOLOGY | $192,798 | ||||
| COSM HOLLYWOOD PARK | |||||||||
| 5340 ALLA RD SUITE 140 | LOS ANGELES | CA | 90066 | SALES AND DEVELOPMENT | $129,610 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SPONSORSHIP REVENUE | 711300 | $188,024,766 | $188,024,766 |
| LICENSING REVENUE | 711300 | $18,098,499 | $18,098,499 |
| CONTRACT REVENUE | 711300 | $769,231 | $769,231 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $206,892,496 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,913,705 | TotalRevenueColumnAmt |
| Exclusion | $8,913,705 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $475,942 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $475,942 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $475,942 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $216,282,143 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $207,368,438 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,913,705 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,326,561 | TotalAmt |
| Program Services | $2,326,561 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,216,539 | TotalAmt |
| Program Services | $2,624,306 | ProgramServicesAmt |
| Management And General | $592,233 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $366,039 | TotalAmt |
| Program Services | $366,039 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $398,269 | TotalAmt |
| Program Services | $398,269 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $191,253 | TotalAmt |
| Program Services | $72,505 | ProgramServicesAmt |
| Management And General | $118,748 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,423,774 | TotalAmt |
| Program Services | $6,423,774 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,869 | TotalAmt |
| Program Services | $1,729 | ProgramServicesAmt |
| Management And General | $140 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,090,067 | TotalAmt |
| Program Services | $5,090,067 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,751 | TotalAmt |
| Program Services | $15,751 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,068,125 | TotalAmt |
| Program Services | $994,553 | ProgramServicesAmt |
| Management And General | $73,572 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RIGHTS PAYMENTS | Desc |
| Total | $71,186,497 | TotalAmt |
| Program Services | $71,186,497 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,284,744 | TotalAmt |
| Program Services | $89,500,051 | ProgramServicesAmt |
| Management And General | $784,693 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,880,084 | BOYAmt |
| EOY | $217,215,308 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,032,170 | BOYAmt |
| EOY | $115,969,103 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,941,446 | BOYAmt |
| EOY | $14,889,997 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,136,833 | BOYAmt |
| EOY | $24,697,459 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,990,533 | BOYAmt |
| EOY | $372,771,867 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,410,227 | BOYAmt |
| EOY | $47,354,183 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,734,408 | BOYAmt |
| EOY | $257,791,151 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,693,210 | BOYAmt |
| EOY | $29,476,446 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $235,837,845 | BOYAmt |
| EOY | $334,621,780 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$87,847,312 | BOYAmt |
| EOY | $38,150,087 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$87,847,312 | BOYAmt |
| EOY | $38,150,087 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,990,533 | BOYAmt |
| EOY | $372,771,867 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $125,997,399 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 472018941 | EIN |
| Organization Type | 7 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $16,400,000 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $16,400,000 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSITS AND OTHER NON-CURRENT ASSETS | Desc |
| Book Value | $24,697,459 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $24,697,459 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| OTHER CURRENT LIABILITIES | $10,286,808 |
| OTHER NON-CURRENT LIABILITIES | $19,189,638 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $29,476,446 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME FROM ACTIVITIES RELATED TO THEIR EXEMPT PURPOSES UNDER IRC SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(3). ON AUGUST 31, 2023, USOPP RECEIVED A DETERMINATION LETTER FROM THE IRS CONFIRMING APPROVAL OF ITS 501(C)(3) STATUS, EFFECTIVE AS OF DECEMBER 22, 2022. THE ORGANIZATION IS ALSO A PUBLIC CHARITY UNDER IRC SECTION 509(A). THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX FOR INCOME FROM OPERATING ACTIVITIES NOT RELATED TO THEIR EXEMPT PURPOSE. UNRELATED BUSINESS INCOME IS TAXED BASED ON THE APPLICABLE STATUTORY FEDERAL AND STATE INCOME TAX RATES FOR FOR-PROFIT ORGANIZATIONS. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE ORGANIZATION DID NOT HAVE UNRELATED BUSINESS INCOME OR UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2024, TAX YEARS AFTER 2020 ARE OPEN FOR AUDIT. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 30 | PROGRAM SERVICES | GAMES FUNDRAISING, OBSERVATIONS, AND IOC MEETINGS | $609,450 |
| NORTH AMERICA | 0 | 1 | PROGRAM SERVICES | GAMES FUNDRAISING, OBSERVATIONS, AND IOC MEETINGS | $3,098 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 31 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 31 | TotalEmployeeCnt |
| Subtotal Spent | $612,548 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $612,548 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KATHRYN CARTER | ||||||||||||||
| FORMER CHIEF EXECUTIVE OFFICER | $0 | $0 | $0 | $100,000 | $0 | $1,850,000 | $0 | $0 | $0 | $0 | $0 | $1,950,000 | $0 | $0 |
| JOHN SLUSHER | ||||||||||||||
| CHIEF EXECUTIVE OFFICER (USOPP) | $33,654 | $0 | $900,000 | $0 | $115 | $0 | $0 | $0 | $1,957 | $0 | $935,726 | $0 | $0 | $0 |
| TANJA OLANO | ||||||||||||||
| CHIEF LGL/PPL/COMP OFF (END 9/24) | $0 | $474,121 | $0 | $400,850 | $0 | $1,429 | $0 | $0 | $0 | $12,832 | $0 | $889,232 | $0 | $0 |
| KAREN STURGES | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $0 | $463,793 | $0 | $274,450 | $0 | $3,427 | $0 | $0 | $0 | $35,117 | $0 | $776,787 | $0 | $0 |
| DANIEL KOBLIN | ||||||||||||||
| CHIEF OPERATING OFFICER (USOPP) | $469,468 | $0 | $254,181 | $0 | $1,443 | $0 | $0 | $0 | $38,015 | $0 | $763,107 | $0 | $0 | $0 |
| CHRISTOPHER PEPE | ||||||||||||||
| CHF COMMERCIAL OFF(USOPP)(END 12/24) | $518,487 | $0 | $170,454 | $0 | $1,269 | $0 | $0 | $0 | $3,974 | $0 | $694,184 | $0 | $0 | $0 |
| DAVID MINGEY | ||||||||||||||
| SVP, COMMERCIAL PARTNERSHIPS | $445,524 | $0 | $189,957 | $0 | $1,443 | $0 | $0 | $0 | $44,386 | $0 | $681,310 | $0 | $0 | $0 |
| ELISABETH FREINBERG | ||||||||||||||
| CHIEF LEGAL OFFICER & SECRETARY | $0 | $319,173 | $0 | $193,000 | $0 | $1,770 | $0 | $0 | $0 | $38,652 | $0 | $552,595 | $0 | $0 |
| PETER ZEYTOONJIAN | ||||||||||||||
| SVP, CONSUMER PRODUCTS | $341,815 | $0 | $169,499 | $0 | $1,443 | $0 | $0 | $0 | $22,423 | $0 | $535,180 | $0 | $0 | $0 |
| REYNOLD HOOVER | ||||||||||||||
| DIRECTOR & CHIEF EXEC OFFICER (LA28) | $0 | $474,519 | $0 | $0 | $0 | $7,312 | $0 | $0 | $0 | $5,548 | $0 | $487,379 | $0 | $0 |
| RYAN EDDY | ||||||||||||||
| VP, PARTNERSHIPS | $251,232 | $0 | $65,227 | $0 | $26,568 | $0 | $0 | $0 | $12,875 | $0 | $355,902 | $0 | $0 | $0 |
| HAYLE CHUN | ||||||||||||||
| SR DIRECTOR, BUSINESS OPERATIONS | $227,875 | $0 | $36,187 | $0 | $1,443 | $0 | $0 | $0 | $43,990 | $0 | $309,495 | $0 | $0 | $0 |
| VANESSA SHAY | ||||||||||||||
| VP, PARTNERSHIP | $246,477 | $0 | $52,000 | $0 | $1,443 | $0 | $0 | $0 | $7,130 | $0 | $307,050 | $0 | $0 | $0 |
| AARON LOWENSTEIN | ||||||||||||||
| VP, DEP GEN COUNSEL & ASST SECRETARY | $0 | $221,221 | $0 | $15,190 | $0 | $1,757 | $0 | $0 | $0 | $22,217 | $0 | $260,385 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FIRST-CLASS TRAVEL WAS PROVIDED TO ONE OFFICER AND ONE HIGHEST COMPENSATED EMPLOYEE, WHICH WAS NOT TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS. |
| PART I, LINE 3 | LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028, A RELATED ORGANIZATION OF UNITED STATES OLYMPIC AND PARALYMPIC PROPERTIES, LLC, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO: - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION COMMITTEE - APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE |
| PART I, LINE 4A | THE ENTIRE AMOUNT LISTED IN COLUMN (B)(III) TO KATHRYN CARTER WAS MADE BY THE LOS ANGELES ORGANIZING COMMITTEE OF THE OLYMPIC AND PARALYMPIC GAMES 2028 PURSUANT TO THE TERMS OF A MUTUALLY AGREED UPON SEPARATION AGREEMENT. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE ORGANIZATION'S GOVERNING DOCUMENTS RESERVE THE RIGHT OF THE UNITED STATES OLYMPIC & PARALYMPIC COMMITTEE (USOPC) TO DESIGNATE AND ELECT TWO (2) MEMBERS OF THE BOARD. THE ORGANIZATION'S GOVERNING DOCUMENTS RESERVE THE RIGHT OF THE LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 (LA28) TO DESIGNATE AND ELECT UP TO FOUR (4) MEMBERS OF THE BOARD. LA28 HAS APPOINTED TWO (2) BOARD MEMBERS TO THE USOPP BOARD, INCLUDING THE LA28 CHAIR WHO EXERCISES THREE (3) VOTES ON BEHALF OF LA28, WHILE THE OTHER LA28 MEMBER EXERCISES ONE (1) VOTE ON BEHALF OF LA28. |
| FORM 990, PART VI, SECTION A, LINE 7A | USOPC SHALL HAVE THE RIGHT TO DESIGNATE AND ELECT TWO (2) DIRECTORS, WHICH SHALL INCLUDE THE USOPC CEO. LA28 SHALL HAVE THE RIGHT TO DESIGNATE AND ELECT THE REMAINING FOUR (4) DIRECTORS, WHICH SHALL INCLUDE THE LA28 CHAIR. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BYLAWS OF THE ORGANIZATION PROVIDE CERTAIN CONSENT RIGHTS TO USOPC. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION DOES NOT HAVE ANY BOARD COMMITTEES. |
| 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 CHIEF FINANCIAL OFFICER, CHIEF LEGAL OFFICER, AND SVP CONTROLLER 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 UNANIMOUS APPROVAL FROM THE USOPP BOARD OF DIRECTORS, FORM 990 IS FILED. |
| PART VI, LINE 12B: | THE ORGANIZATION HAS A FORMAL CONFLICT OF INTEREST POLICY. ARTICLE III OF SUCH POLICY DESCRIBES PROCEDURES TO DISCLOSE AND RESOLVE CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | IN DECEMBER 2024, THE BOARD OF DIRECTORS OF LA28 ENGAGED MERCER TO EVALUATE THE REASONABLENESS OF THE PROPOSED COMPENSATION PROGRAM FOR LA28 AND USOPP'S PAID SENIOR EXECUTIVES ("THE EXECUTIVES"). IN MERCER'S REPORT ENTITLED EXECUTIVE COMPENSATION ASSESSMENT, 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 2024, THE BOARD REVIEWED AND RELIED UPON MERCER'S REPORT AND, HAVING DETERMINED THAT THE PROPOSED COMPENSATION FOR THE EXECUTIVES WAS APPROPRIATE AND REASONABLE, APPROVED SUCH COMPENSATION. ANY ADJUSTMENTS TO EXECUTIVE SALARY HAVE BEEN REVIEWED AND APPROVED BY THE BOARD. IN ADDITION, USOPP'S CHAIRPERSON WORKS FOR THE ORGANIZATION ON A VOLUNTARY BASIS WITHOUT COMPENSATION. IN CONJUNCTION WITH THE MERCER REPORT DISCUSSED ABOVE, MERCER ALSO CONDUCTED A SERIES OF MARKET PRICING AND BENCHMARKING EXERCISES TO EVALUATE AND DETERMINE THE REASONABLENESS OF THE PROPOSED COMPENSATION PROGRAMS FOR NON-EXECUTIVE USOPP 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. MERCER CONTINUES TO BE THE ADVISORY PARTY TO ANY COMPENSATION PROGRAMS FOR USOPP, INCLUDING PROVIDING ADVICE AND ANALYSIS WITH RESPECT TO COMPENSATION FOR NEW EXECUTIVE HIRES. |
| 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1150 SOUTH OLIVE STREET STE 700 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90015 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 472018941 | EIN |
| Primary Activities | OLYMPIC AND PARALYMPIC GAMES HOST | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |