Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $34,312,491

• 2a · Program service revenue: SPONSORSHIP REVENUE

  total $30,300,595 · related or exempt $30,300,595

• 2b · Program service revenue: LICENSING REVENUE

  total $3,249,372 · related or exempt $3,249,372

• 2c · Program service revenue: CONTRACT REVENUE

  total $769,231 · related or exempt $769,231

• 3 · Investment income

  total $1,029,333 · excluded $1,029,333

• 11a · Other revenue: OVERHEAD

  total $1,980,007 · related or exempt $1,980,007

• 11e · Other revenue, total

  $1,980,007

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,646,905 · program services $718,547 · management and general $928,358

• 7 · Other salaries and wages

  total $4,916,122 · program services $3,237,999 · fundraising $1,678,123

• 9 · Other employee benefits

  total $336,894 · program services $209,016 · management and general $801 · fundraising $127,077

• 10 · Payroll taxes

  total $382,757 · program services $239,347 · management and general -$213 · fundraising $143,623

• 11g · Fees: other

  total $311,484 · program services $105,000 · fundraising $206,484

• 12 · Advertising and promotion

  total $1,877,498 · program services $757,422 · fundraising $1,120,076

• 13 · Office expenses

  total $28,712 · program services $4,864 · management and general $12,407 · fundraising $11,441

• 14 · Information technology

  total $5,017,150 · program services $373 · management and general $5,016,777

• 16 · Occupancy

  total $19,388 · program services $2,953 · management and general $981 · fundraising $15,454

• 17 · Travel

  total $715,870 · program services $413,210 · management and general -$5,912 · fundraising $308,572

• 24a · Other expenses: RIGHTS PAYMENTS

  total $64,848,049 · program services $21,927,955 · management and general $19,123,148 · fundraising $23,796,946

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,415,653 · end of year $28,880,084

• 4 · Accounts receivable

  beginning of year $33,698,154 · end of year $46,032,170

• 8 · Inventories for sale or use

  beginning of year $122,656 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,820,304 · end of year $12,941,446

• 15 · Other assets

  beginning of year $0 · end of year $60,136,833

• 17 · Accounts payable and accrued expenses

  beginning of year $8,584,981 · end of year $15,410,227

• 19 · Deferred revenue

  beginning of year $118,288,079 · end of year $192,734,408

• 25 · Other liabilities

  beginning of year $571,219 · end of year $27,693,210

• 27 · Net assets without donor restrictions

  beginning of year -$79,387,512 · end of year -$87,847,312

The filer's explanations (Part III)

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 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, 2023, SEVEN (7) EMPLOYEES WERE ELIGIBLE FOR THE LONG-TERM INCENTIVE BONUS PLAN.