Los Angeles Organizing Committee for the Olympic and Paralympic Gam
Los Angeles Organizing Committee for the Olympic and Paralympic Gam
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About this organization
Mission
The corporation primarily aims to improve & enhance the quality of life of residents of L.A. & surrounding areas thru promotion & sponsorship of L.A. as site of Olympic Games.
About
The organization works with the city of Los Angeles to plan for and make a bid to the United States Olympic Committee ('USOC'), and subsequently to the International Olympic Committee, to host the Olympic and Paralympic Games in Los Angeles and the surrounding area. As part of its work, the organization reaches out to the community in Los Angeles, including former Olympians, to gather support for the Los Angeles bid, and raises funds to support the bid process.
Interesting data from their 2017 990 filing
The filing clearly states the mission of the non-profit as “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 promotion and sponsorship of los angeles as the site of the 2024 olympic games by, among other things, (i) planning for and making the bid to the united states olympic committee and subsequently to the international olympic committee to host the 2024 olympic games in the city of los angeles and surrounding area, (ii) raising the funds from the public necessary to produce such plans and bid, and (iii) carrying on other charitable activities associated with its purpose as allowed by law.”.
When outlining its functions, they were explained as: “The corporation primarily aims to improve & enhance the quality of life of residents of l.a. & surrounding areas thru promotion & sponsorship of l.a. as site of the 2024 olympic games”.
- In compliance with legal regulations, the non-profit has reported their state of operation as CA.
- The filing records the non-profit's address for 2017 as 10960 WILSHIRE BLVD STE 1050, LOS ANGELES, CA, 90024.
- As of 2017, the non-profit's form reports a total of 14 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Has foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $15,681,556.
- The compensation of the CEO of the organization is not based on an independent review and approval process.
- The organization has 79 independent voting members.
- The organization was formed in 2014.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization engages in lobbying activities.
- The organization pays $2,252,207 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization's financial statements were reviewed by an accountant.
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