2021-11-12T03:44:43-06:00 2020-12-31 861065772 DELOITTE TAX LLP 695 TOWN CENTER DR STE 1000 COSTA MESA CA 92626 990 2020-01-01 472018941 LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 LOSA 4243204510 10900 WILSHIRE BOULEVARD NO 700 LOS ANGELES CA 90024 KATHRYN CARTER CEO 4243204510 2021-11-11 1 KATHRYN CARTER 999009999 JOHN W SADOFF JR P00540589 7144367100 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATHRYN CARTER 10900 WILSHIRE BOULEVARD NO 700 LOS ANGELES CA 90024 2628198 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. 29 28 48 28 0 0 0 0 764650 2479005 627682 149193 0 0 1392332 2628198 849071 2480992 0 0 12914566 11097248 0 0 0 9649142 22914886 23412779 36493126 -22020447 -33864928 41966738 48751518 82524199 113826295 -40557461 -65074777 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 26161896 2628198 THE ORGANIZATION WORKS WITH THE CITY OF LOS ANGELES, THE UNITED STATES OLYMPIC & PARALYMPIC COMMITTEE ("USOPC") AND THEINTERNATIONAL OLYMPIC COMMITTEE ("IOC") TO HOST THE OLYMPIC AND PARALYMPIC GAMES IN LOS ANGELES AND THE SURROUNDING AREA. THEOLYMPIC 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. 2480992 2480992 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. 28642888 1 0 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 1 0 0 1 44 0 1 48 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 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 0.00 X X 501730 0 129780 BEATRIZ ACEVEDO DIRECTOR 0.10 0.00 X 0 0 0 JESSICA ALBA DIRECTOR 0.10 0.00 X 0 0 0 MARC 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 MUFFY DAVIS DIRECTOR 0.10 0.00 X 0 0 0 ANITA DE FRANTZ DIRECTOR 0.10 0.00 X 0 0 0 DAVID HAGGERTY DIRECTOR 0.10 0.00 X 0 0 0 RON HERREA DIRECTOR 0.10 0.00 X 0 0 0 SARAH HIRSHLAND DIRECTOR 0.10 0.00 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 JAMIE LEE DIRECTOR 0.10 0.00 X 0 0 0 SUSANNE LYONS DIRECTOR 0.10 0.00 X 0 0 0 ANN PHILBIN DIRECTOR 0.10 0.00 X 0 0 0 KIKKAN RANDALL DIRECTOR 0.10 0.00 X 0 0 0 ALLISON RESSLER DIRECTOR 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 0.00 X 0 0 0 MARK TATUM DIRECTOR 0.10 0.00 X 0 0 0 CYNTHIA TELLES DIRECTOR 0.10 0.00 X 0 0 0 AMY WAKELAND DIRECTOR 0.10 0.00 X 0 0 0 STUART WALDMAN DIRECTOR 0.10 0.00 X 0 0 0 CASEY WASSERMAN CHAIRPERSON/PRESIDENT/DIRECTOR 0.10 0.00 X X 0 0 0 ERNIE WOODEN DIRECTOR THROUGH 6/9/2020 0.10 0.00 X 0 0 0 GREG PENSKE DIRECTOR THROUGH 4/2/2020 0.10 0.00 X 0 0 0 KATHRYN CARTER CHIEF REVENUE OFFICER 0.00 40.00 X 0 963719 502127 BRIAN LAFEMINA VP & CHIEF BUSINESS OFFICER 40.00 0.00 X 799150 0 288073 JOHN M HARPER VP & CHIEF OPERATING OFFICER 40.00 0.00 X 507617 0 138785 BRIAN E NELSON VP/SECRETARY/CLO/CCO 20.00 20.00 X 481675 0 133560 AMY GLEESON VP & CHIEF MARKETING OFFICER 40.00 0.00 X 486883 0 117089 BRENCE K CULP VP & CHIEF IMPACT OFFICER 40.00 0.00 X 418610 0 114323 TANJA OLANO VP & GENERAL COUNSEL 20.00 20.00 X 353116 0 60919 GREGORY MATTHEWS VP OF FINANCE 20.00 20.00 X 336716 0 61650 LAUREN GRANCIO VP OF COMMUNICATIONS 40.00 0.00 X 301833 0 57890 MAUREEN HARPER VP OF HUMAN RESOURCES 20.00 20.00 X 303725 0 55182 MICHAEL BERNSTEIN VP OF INSIGHT AND ANALYTICS 40.00 0.00 X 276168 0 56642 PATRICIA A FEAU VP HOST CITY RELATIONS & ASST SEC 20.00 20.00 X 270627 0 48591 ALLISON KATZ-MAYFIELD VP BUSINESS STRATEGY AND ANALYTICS 40.00 0.00 X 263988 0 50048 ANN MARIE RODRIGUEZ CHIEF STRATEGY OFFICER 40.00 0.00 X 359359 0 133373 AMY KORETZ SENIOR ASSOCIATE GENERAL COUNSEL 20.00 20.00 X 290341 0 39925 NICOLE J WEST HEAD OF MARKETING & BRAND ENGAGEMENT 40.00 0.00 X 251307 0 65300 MATTHEW ROHMER DIRECTOR,MARKETING&BRAND ENGAGEMENT 40.00 0.00 X 262099 0 40273 HILARY L ASH DIRECTOR, STRATEGY AND OPERATIONS 40.00 0.00 X 238496 0 30032 BRANDON HARRELL DEPUTY GENERAL COUNSEL 20.00 20.00 X 211404 0 31599 6914844 963719 2155161 33 0 1 0 STINK DIGITAL USA LLC 20 JAY ST STE 404 BROOKLYN NY 11201 ADVERTISING 2490763 AECOM TECHNICAL SERVICES INC 1001 BISHOP ST STE 1600 HONOLULU HI 96813 CONSTRUCTION & ENGINEERING 1310000 GIANT SPOON LLC SUITE 700 6100 WILSHIRE BLVD LOS ANGELES CA 90048 ADVERTISING 785988 CASHMERE AGENCY 5242 W ADANS BLVD LOS ANGELES CA 90016 ADVERTISING 638800 WORKS COLLECTIVE LLC 6972 AMMONITE PL CARLSBAD CA 92009 ADVERTISING 633267 30 USOPP, LLC JV INCOME 711300 2479005 2479005 2479005 149193 149193 2628198 2479005 0 149193 2480992 2480992 8567877 5888846 2679031 1609851 519562 1090289 401300 170930 230370 518220 328335 189885 120895 120895 824307 824307 83187 83187 100310 100310 2911650 2519865 391785 7336910 7336910 416435 238433 178002 273412 32418 240994 772914 418662 354252 96770 83227 13543 327243 177257 149986 580369 580369 USOPP, LLC JV EXPENSES 8344043 8344043 OTHER EXPENSES 726441 3098 723343 36493126 28642888 7850238 0 1169968 49926478 35549860 0 37797 0 1006288 200798 0 0 0 0 0 0 0 438205 1619992 3476105 796171 3022670 2679934 0 -5865038 0 0 741950 189354 41966738 48751518 1014307 3192797 75846154 108000000 5663738 2633498 82524199 113826295 X -40557461 -65074777 -40557461 -65074777 41966738 48751518 -33864928 9347612 0 X 0 1 X 1 0 X 17725404 1271292 0 0 0 18996696 0 0 0 0 0 0 0 0 0 0 17725404 1271292 18996696 15735592 3261104 988 643 177339 627682 149193 955845 0 0 0 0 0 389196 764650 2479005 3632851 23585392 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 OLYMPICS TO THE PREPARING FOR 2028 OLYMPICS, WHICH WERE AWARDED TO LOS ANGELES. THE ORGANIZATION IS WORKING AT DEVELOPING ITS STRATEGY FOR PHILANTHROPY AND PUBLIC CONTRIBUTIONS. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PROVIDER REVENUE - 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 389,196. 2019 AMOUNT: $ 764,650. 2020 AMOUNT: $ 0. USOPP LLC JV INCOME - 2020 AMOUNT: $ 2,479,005. 0 1 0 0 0 0 1 100310 0 0 100310 0 PART II-B, LINE 1B DURING THE FISCAL PERIOD ENDED DECEMBER 31, 2020, 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 ADVISOR, DLA PIPER 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 AND DLA PIPER ALSO ENGAGED WITH FEDERAL GOVERNMENT OFFICIALS ON HOMELAND SECURITY AND TRANSPORTATION POLICY ISSUES RELATED TO THE 2028 GAMES. LA28 PAID STAFF AND L28'S PAID STRATEGIC ADVISOR, SHAW YODER ANTWIH SCHMEIZER & LANGE ("SYASL") ENGAGED WITH CALIFORNIA GOVERNMENT OFFICIALS ON PLANS FOR THE 2028 GAMES AND TO IMPLEMENT ASSEMBLY BILL 1754, WHICH THE LEGISLATURE PASSED AND GOVERNOR SIGNED AND ESTABLISHES A CALIFORNIA OLYMPIC AND PARALYMPIC PUBLIC SAFETY COMMAND. PART II-B, LINE 1G LA28 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. LA28 AND DLA PIPER ALSO ENGAGED WITH GOVERNMENT OFFICIALS ON HOMELAND SECURITY AND TRANSPORTATION POLICY ISSUES RELATED TO THE 2028 GAMES. LA28 AND SYASL ENGAGED WITH CALIFORNIA GOVERNMENT OFFICIALS TO IMPLEMENT ASSEMBLY BILL 1754. 3040194 647497 2392697 12615 12615 0 423296 136059 287237 2679934 DEFERRED RENT/LEASE INCENTIVE - LT 1711226 DEFERRED RENT/LEASE INCENTIVE - ST 113640 DUE TO RELATED PARTIES 808632 2633498 X 2628198 0 2628198 0 2628198 36493126 0 36493126 0 36493126 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, 2020, TAX YEARS AFTER 2016 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 2480992 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. 0 0 0 0 0 0 0 0 0 KATHRYN CARTER CHIEF REVENUE OFFICER 0 736667 0 225000 0 2052 0 500000 0 2127 0 1465846 0 225000 BRIAN LAFEMINA VP & CHIEF BUSINESS OFFICER 606667 0 190247 0 2236 0 280000 0 8073 0 1087223 0 190247 0 JOHN M HARPER VP & CHIEF OPERATING OFFICER 379667 0 126000 0 1950 0 132000 0 6785 0 646402 0 126000 0 JANET B EVANS VP & CHIEF ATHLETE OFFICER 373870 0 126000 0 1860 0 129780 0 0 0 631510 0 126000 0 BRIAN E NELSON VP/SECRETARY/CLO/CCO 354060 0 126000 0 1615 0 133560 0 0 0 615235 0 126000 0 AMY GLEESON VP & CHIEF MARKETING OFFICER 365083 0 120000 0 1800 0 111300 0 5789 0 603972 0 120000 0 BRENCE K CULP VP & CHIEF IMPACT OFFICER 311558 0 105000 0 2052 0 108150 0 6173 0 532933 0 105000 0 ANN MARIE RODRIGUEZ CHIEF STRATEGY OFFICER 308000 0 50000 0 1359 0 132000 0 1373 0 492732 0 0 0 TANJA OLANO VP & GENERAL COUNSEL 295400 0 56000 0 1716 0 59360 0 1559 0 414035 0 56000 0 GREGORY MATTHEWS VP OF FINANCE 283291 0 51685 0 1740 0 56809 0 4841 0 398366 0 51685 0 LAUREN GRANCIO VP OF COMMUNICATIONS 258125 0 42000 0 1708 0 52500 0 5390 0 359723 0 42000 0 MAUREEN HARPER VP OF HUMAN RESOURCES 253811 0 48060 0 1854 0 50922 0 4260 0 358907 0 48060 0 MICHAEL BERNSTEIN VP OF INSIGHT AND ANALYTICS 252938 0 21370 0 1860 0 50641 0 6001 0 332810 0 21370 0 AMY KORETZ SENIOR ASSOCIATE GENERAL COUNSEL 251737 0 36750 0 1854 0 37853 0 2072 0 330266 0 36750 0 PATRICIA A FEAU VP HOST CITY RELATIONS & ASST SEC 230955 0 37852 0 1820 0 46286 0 2305 0 319218 0 37852 0 NICOLE J WEST HEAD OF MARKETING & BRAND ENGAGEMENT 250000 0 0 0 1307 0 65000 0 300 0 316607 0 0 0 ALLISON KATZ-MAYFIELD VP BUSINESS STRATEGY AND ANALYTICS 243103 0 19186 0 1699 0 48588 0 1460 0 314036 0 19186 0 MATTHEW ROHMER DIRECTOR,MARKETING&BRAND ENGAGEMENT 227211 0 33170 0 1718 0 34165 0 6108 0 302372 0 33170 0 HILARY L ASH DIRECTOR, STRATEGY AND OPERATIONS 189900 0 47000 0 1596 0 28620 0 1412 0 268528 0 27000 0 BRANDON HARRELL DEPUTY GENERAL COUNSEL 200000 0 10000 0 1404 0 29096 0 2503 0 243003 0 0 0 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, VICE PRESIDENT OF 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 A CONFLICTS COMMITTEE UNDER THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15B IN NOVEMBER 2017, AFTER THE 2028 OLYMPICS AND PARALYMPICS GAMES WERE AWARDED TO THE CITY OF LOS ANGELES, LA28 BEGAN THE PROCESS OF DEVELOPING A NEW ORGANIZATIONAL STRUCTURE 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. IN FEBRUARY 2018, THE BOARD OF DIRECTORS ("BOARD") OF LA28 ENGAGED MERCER US INC. ("MERCER") TO EVALUATE THE REASONABLENESS OF THE PROPOSED COMPENSATION PROGRAM FOR LA28'S PAID SENIOR EXECUTIVES ("THE EXECUTIVES"). IN ADDITION, LA28'S CHAIRPERSON WORKS FOR THE ORGANIZATION ON A VOLUNTARY BASIS WITHOUT COMPENSATION. 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. 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. 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