2022-11-15T18:47:13-06:00 2021-12-31 861065772 DELOITTE TAX LLP 695 TOWN CENTER DR STE 1000 COSTA MESA CA 92626 990 2021-01-01 472018941 LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 LOSA 4243204500 10900 WILSHIRE BOULEVARD 700 LOS ANGELES CA 90024 KATHRYN CARTER CEO 4243204500 2022-11-15 1 KATHRYN CARTER 999009999 JOHN W SADOFF JR P00540589 7144367100 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KATHRYN CARTER 10900 WILSHIRE BOULEVARD 700 LOS ANGELES CA 90024 21974824 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 THRU THE PROMOTION & SPONSORSHIP OF L.A. AS THE SITE OF THE OLYMPIC AND PARALYMPIC GAMES. 27 26 87 47 0 0 0 6689328 2479005 15264234 149193 21262 0 0 2628198 21974824 2480992 5141637 0 0 11097248 18327888 0 0 0 22914886 69773921 36493126 93243446 -33864928 -71268622 48751518 21819265 113826295 158171725 -65074777 -136352460 X 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. 0 0 71839741 15264234 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 OLYMPIANS AND PARALYMPIANS, TO GATHER SUPPORT AND RAISE FUNDS TO HOST THE 2028 OLYMPIC AND PARALYMPIC GAMES. 5141637 5141637 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. 76981378 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 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 59 0 1 87 1 0 0 0 0 0 1 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X KATHRYN CARTER 3103204510 10900 WILSHIRE BOULEVARD STE 700 LOS ANGELES CA 90024 JANET B EVANS VP & CHIEF ATHLETE OFFICER 40.00 X X 631202 0 119797 BEATRIZ ACEVEDO DIRECTOR 0.10 X 0 0 0 JESSICA ALBA DIRECTOR 0.10 X 0 0 0 MARK ATTANASIO DIRECTOR 0.10 X 0 0 0 JEANIE BUSS DIRECTOR 0.10 X 0 0 0 ANDY CAMPION DIRECTOR 0.10 X 0 0 0 MUFFY DAVIS DIRECTOR 0.10 X 0 0 0 ANITA DE FRANTZ DIRECTOR 0.10 X 0 0 0 DAVID HAGGERTY DIRECTOR 0.10 X 0 0 0 RON HERRERA DIRECTOR 0.10 X 0 0 0 SARAH HIRSHLAND DIRECTOR 0.10 X 0 0 0 MELLODY HOBSON DIRECTOR 0.10 X 0 0 0 MATT JOHNSON DIRECTOR 0.10 X 0 0 0 MICHAEL JOHNSON DIRECTOR 0.10 X 0 0 0 JEFFREY KATZENBERG DIRECTOR 0.10 X 0 0 0 JAMIE LEE DIRECTOR 0.10 X 0 0 0 SUSANNE LYONS DIRECTOR 0.10 X 0 0 0 ANN PHILBIN DIRECTOR 0.10 X 0 0 0 KIKKAN RANDALL DIRECTOR (THRU JUNE 2021) 0.10 X 0 0 0 ALISON RESSLER DIRECTOR 0.10 X 0 0 0 DANA SMITH DIRECTOR 0.10 X 0 0 0 MEGAN SMITH DIRECTOR 0.10 X 0 0 0 MARC STERN DIRECTOR 0.10 X 0 0 0 GENE SYKES DIRECTOR 0.10 X 0 0 0 MARK TATUM DIRECTOR 0.10 X 0 0 0 CYNTHIA TELLES DIRECTOR (THRU DEC 2021) 0.10 X 0 0 0 AMY WAKELAND DIRECTOR 0.10 X 0 0 0 STUART WALDMAN DIRECTOR 0.10 X 0 0 0 CASEY WASSERMAN CHAIRPERSON/PRESIDENT 0.10 X X 0 0 0 KATHRYN CARTER CEO USOPP, LA2028 20.00 20.00 X 601197 875855 542579 BRIAN LAFEMINA VP & CHIEF BUSINESS OFFICE 40.00 X 1178604 0 298262 JOHN M HARPER VP & CHIEF OPERATING OFFIC 40.00 X 644968 0 130312 BRIAN E NELSON VP, SECRETARY, CLO & CCO 20.00 20.00 X 529271 0 2241 AMY GLEESON VP & CHIEF MARKETING OFFIC 40.00 X 492662 0 109678 ANN MARIE RODRIGUEZ VP & CHIEF STRATEGY OFFICER 40.00 X 659062 0 123875 TANJA OLANO VP, SECRETARY, CLO & CCO 20.00 20.00 X 425659 0 115402 MAUREEN HARPER VP, HUMAN RESOURCES 20.00 20.00 X 339833 0 63516 PATRICIA A FEAU ASSISTANT SECRETARY 40.00 X 283800 0 49698 CIPORA HERMAN VP, CFO & TREASURER 20.00 20.00 X 439063 0 124438 DANIEL KOBLIN VICE PRESIDENT (USOPP) 0.10 39.90 X 0 638984 125984 CHRIS PEPE VICE PRESIDENT (USOPP) 0.10 39.90 X 0 764969 129589 ANNA SCHMITZ ASSISTANT SECRETARY 20.00 20.00 X 199906 0 20280 DAVID MICHAEL VP, CHIEF INFORMATION OFFICER 20.00 20.00 X 231026 0 65494 BRENCE K CULP VP & CHIEF IMPACT OFFICER 40.00 X 415724 0 4993 GREGORY MATTHEWS VP OF FINANCE 20.00 20.00 X 347812 0 58293 LAUREN GRANCIO VP OF COMMUNICATIONS 40.00 X 351115 0 60264 NICOLE J WEST HEAD OF MARKETING & BRAND 40.00 X 406612 0 62033 JOHN C THOMPSON VP, GOVERNMENT RELATIONS 40.00 X 391884 0 66821 MICHAEL BERNSTEIN VP OF INSIGHT AND ANALYTIC 40.00 X 312718 0 53984 ALLISON KATZ-MAYFIELD VP BUSINESS STRATEGY AND A 40.00 X 302151 0 52457 9184269 2279808 2379990 54 1 1 0 AECOM TECHNICAL SERVICES INC 1001 BISHOP ST STE 1600 HONOLULU HI 96813 CONSTRUCTION & ENGINEERING 1146100 PROSKAUER ROSE LLP ELEVEN TIMES SQUARE NEW YORK NY 10036 LEGAL 703144 CASHMERE AGENCY 5242 W ADAMS BLVD LOS ANGELES CA 90016 ADVERTISING 402123 ACENTO ADVERTISING INC 11400 W OLYMPIC BLVD LOS ANGELES CA 90064 ADVERTISING 343465 BROADSTONE GROUP 156 WEST 56TH STREET SUITE 1604 NEW YORK NY 10019 CONSULTING 322499 18 6689328 6689328 USOPP, LLC JV INCOME 711300 14584234 14584234 HOSPITALITY REVENUE 711300 680000 680000 15264234 21262 21262 21974824 15264234 0 21262 X 5141637 5141637 8944747 5951975 2992772 7855421 2209800 5645621 723336 343058 380278 804384 372761 431623 163422 163422 1173976 14000 1159976 190597 190597 452432 452432 3624587 1087808 2536779 1924908 1924908 777880 215671 562209 653699 225769 427930 763531 398364 365167 85508 31142 54366 544194 73088 471106 368621 192324 176297 685208 685208 USOPP, LLC JV EXPENSES 55958268 55958268 RIGHTS PAYMENTS 2371875 2371875 35215 16498 18717 93243446 76981378 16262068 0 49926478 57654931 200798 386303 1619992 1769909 3533304 1164792 2679934 2368512 -5865038 -40549744 189354 189354 48751518 21819265 3192797 7151710 5138787 108000000 144170000 2633498 1711228 113826295 158171725 X -65074777 -136352460 -65074777 -136352460 48751518 21819265 -71268622 -9061 0 X 0 1 X 1 0 X 1271292 6689328 7960620 1271292 6689328 7960620 6276644 1683976 643 177339 627682 149193 21262 976119 389196 764650 1153846 10090585 17743239 0.16690 0.13830 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 - 2018 AMOUNT: $ 389,196. 2019 AMOUNT: $ 764,650. SCHEDULE A, PART II, LINE 10 THE LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 ("LA28") ERRONEOUSLY REPORTED $2,479,005 OF SPONSORSHIP REVENUE FROM USOPP, LLC AS OTHER INCOME ON THE 2020 SCHEDULE A, PART II, LINE 10. THE $2,479,005 OF SPONSORSHIP REVENUE IS RELATED TO LA28'S MISSION OF GATHERING SUPPORT AND RAISING FUNDS TO HOST THE 2028 OLYMPIC AND PARALYMPIC GAMES. THE ORGANIZATION HAS CORRECTED THE ERROR TO REPORT THIS INCOME AS RECEIPTS FROM RELATED ACTIVITIES IN SCHEDULE A, PART II, LINE 12 IN THE CURRENT YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 452432 0 0 452432 0 PART II-B, LINE 1B DURING THE FISCAL PERIOD ENDED DECEMBER 31, 2021, TO ACCOMMODATE LOS ANGELES HOSTING THE OLYMPIC AND PARALYMPIC 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 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, 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 L28'S PAID STRATEGIC ADVISOR, SHAW YODER ANTWIH SCHMEIZER & LANGE ("SYASL") ENGAGED WITH MEMBERS OF THE LEGISLATURE TO DEVELOP LEGISLATION TO UPDATE CALIFORNIA LAW PROVIDING IN-STATE TUITION AT PUBLIC HIGHER EDUCATIONAL INSTITUTIONS TO TEAM USA ATHLETES TRAINING IN CALIFORNIA. LA28 PAID STAFF WORKED WITH LOCAL GOVERNMENT OFFICIALS ON ISSUES RELATED TO GAMES PLANNING AND PREPARATION, INCLUDING TRANSPORTATION, PUBLIC SAFETY, AND SUSTAINABILITY ISSUES. 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, 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, AND THE NICKLES GROUP ALSO ENGAGED WITH GOVERNMENT OFFICIALS ON HOMELAND SECURITY, TRANSPORTATION AND OTHER POLICY ISSUES RELATED TO THE 2028 GAMES. LA28 PAID STAFF AND L28'S PAID STRATEGIC ADVISOR, SHAW YODER ANTWIH SCHMEIZER & LANGE ("SYASL") ENGAGED WITH MEMBERS OF THE LEGISLATURE TO DEVELOP LEGISLATION TO UPDATE CALIFORNIA LAW PROVIDING IN-STATE TUITION AT PUBLIC HIGHER EDUCATIONAL INSTITUTIONS TO TEAM USA ATHLETES TRAINING IN CALIFORNIA. 3040195 946584 2093611 69813 21677 48136 423296 196531 226765 2368512 DEFERRED RENT/LEASE INCENTIVE - LT 1567112 DEFERRED RENT/LEASE INCENTIVE - ST 144116 1711228 X 21965763 -9061 -9061 21974824 0 21974824 93243446 0 93243446 0 93243446 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, 2021, TAX YEARS AFTER 2017 ARE OPEN FOR AUDIT. 1 CITY OF LOS ANGELES DEPARTMENT OF RECREATION AND PARKS 221 N FIGUEROA STREET SUITE 350 LOS ANGELES CA 90012 956000735 GOVT 5138787 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 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 0 0 X X X 0 0 0 1 1 0 0 0 0 KATHRYN CARTER CEO USOPP, LA2028 525000 375000 75000 500000 1197 855 540000 0 1639 940 1142836 876795 75000 500000 BRIAN LAFEMINA VP & CHIEF BUSINESS OFFICE 721000 0 455000 0 2604 0 289560 0 8702 0 1476866 0 455000 0 CHRIS PEPE VICE PRESIDENT (USOPP) 0 531917 0 231000 0 2052 0 129519 0 70 0 894558 0 156000 ANN MARIE RODRIGUEZ VP & CHIEF STRATEGY OFFICER 450083 0 207000 0 1979 0 121770 0 2105 0 782937 0 207000 0 JOHN M HARPER VP & CHIEF OPERATING OFFIC 452100 0 191000 0 1868 0 122364 0 7948 0 775280 0 191000 0 DANIEL KOBLIN VICE PRESIDENT (USOPP) 0 446810 0 190040 0 2134 0 120884 0 5100 0 764968 0 131040 JANET B EVANS VP & CHIEF ATHLETE OFFICER 442514 0 186780 0 1908 0 119722 0 75 0 750999 0 186780 0 AMY GLEESON VP & CHIEF MARKETING OFFIC 379502 0 111300 0 1860 0 102674 0 7004 0 602340 0 111300 0 CIPORA HERMAN VP, CFO & TREASURER 437295 0 0 0 1768 0 117735 0 6703 0 563501 0 0 0 TANJA OLANO VP, SECRETARY, CLO & CCO 364583 0 59360 0 1716 0 113400 0 2002 0 541061 0 59360 0 BRIAN E NELSON VP, SECRETARY, CLO & CCO 394188 0 133560 0 1523 0 0 0 2241 0 531512 0 133560 0 NICOLE J WEST HEAD OF MARKETING & BRAND 339896 0 65000 0 1716 0 61425 0 608 0 468645 0 65000 0 JOHN C THOMPSON VP, GOVERNMENT RELATIONS 325000 0 65000 0 1884 0 58500 0 8321 0 458705 0 65000 0 BRENCE K CULP VP & CHIEF IMPACT OFFICER 305824 0 108150 0 1750 0 0 0 4993 0 420717 0 108150 0 LAUREN GRANCIO VP OF COMMUNICATIONS 296875 0 52500 0 1740 0 54000 0 6264 0 411379 0 52500 0 GREGORY MATTHEWS VP OF FINANCE 289253 0 56809 0 1750 0 52151 0 6142 0 406105 0 56809 0 MAUREEN HARPER VP, HUMAN RESOURCES 287051 0 50922 0 1860 0 58464 0 5052 0 403349 0 50922 0 MICHAEL BERNSTEIN VP OF INSIGHT AND ANALYTIC 260169 0 50641 0 1908 0 46944 0 7040 0 366702 0 50641 0 ALLISON KATZ-MAYFIELD VP BUSINESS STRATEGY AND A 251848 0 48588 0 1715 0 50936 0 1521 0 354608 0 48588 0 PATRICIA A FEAU ASSISTANT SECRETARY 235671 0 46286 0 1843 0 42490 0 7208 0 333498 0 46286 0 DAVID MICHAEL VP, CHIEF INFORMATION OFFICER 230000 0 0 0 1026 0 62610 0 2884 0 296520 0 0 0 ANNA SCHMITZ ASSISTANT SECRETARY 180961 0 17303 0 1642 0 18313 0 1967 0 220186 0 17303 0 PART I, LINE 1A IF BUSINESS CLASS TRAVEL IS UNAVAILABLE ON A DOMESTIC FLIGHT, THE ORGANIZATION MAY REIMBURSE FOR FIRST-CLASS. 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, 2021, 33 EMPLOYEES WERE ELIGIBLE FOR THE LONG-TERM INCENTIVE BONUS PLAN. 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, 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 FEBRUARY 2018, 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 AND DATED FEBRUARY 5, 2018, 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. ON FEBRUARY 5, 2018, 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. 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. ON FEBRUARY 5, 2018, 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 2018 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 25, COLUMN (B) THE AUDITED FINANCIAL STATEMENTS INCLUDE USOPP, LLC EXPENSES AS FUNDRAISING EXPENSE. THE ACTIVITIES OF USOPP, LLC ARE IN FURTHERANCE OF THE MISSION OF THE LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 ("LA28") WHICH INCLUDES GATHERING SUPPORT AND RAISING FUNDS TO HOST THE 2028 OLYMPIC AND PARALYMPIC GAMES. AS SUCH, LA28 CONSIDERS THE EXPENSES INCURRED BY USOPP, LLC TO BE PROGRAM RELATED AND REPORTED AS PROGRAM SERVICE EXPENSES ON THE FORM 990, PART IX. 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. UNITED STATES OLYMPIC AND PARALYMPIC PROPERTIES LLC 10900 WILSHIRE BOULEVARD STE 700 LOS ANGELES CA 90024 SPONSORSHIP/MARKETING DE LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 RELATED 21273562 31744978 0 1 0.99990 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 UNITED STATES OLYMPIC AND PARALYMPIC PROPERTIES LLC O 4230178 ACTUAL COST, RELATED OVERHEAD