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Nonprofiteer
← LOS ANGELES COLLEGE FOOTBALL PLAYOFF NATIONAL CHAMPIONSHIP HOST

Form 990 for tax year 2022

Filed by LOS ANGELES COLLEGE FOOTBALL PLAYOFF NATIONAL CHAMPIONSHIP HOST.

Totals

Total revenue
$10,000,641
Total expenses
$10,000,641
Contributions and grants received
$9,654,796
Grants paid
$0
Program service revenue
$345,845
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,300,166
Total liabilities, end of year
$1,300,166
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$10,000,641
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$10,000,641

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $9,297,867

  • 1f · All other contributions, gifts and grants

    $356,929

  • 1g · Noncash contributions included above

    $168,600

  • 2a · Program service revenue: HOTEL REBATE

    total $239,000 · related or exempt $239,000

  • 2b · Program service revenue: TICKET SALE

    total $106,845 · related or exempt $106,845

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $929,855 · program services $929,855

  • 11b · Fees: legal

    total $6,667 · program services $6,667

  • 11c · Fees: accounting

    total $90,260 · program services $90,260

  • 11g · Fees: other

    total $153,702 · program services $153,702

  • 12 · Advertising and promotion

    total $1,372,632 · program services $1,372,632

  • 13 · Office expenses

    total $11,437 · program services $11,437

  • 19 · Conferences, conventions and meetings

    total $2,628,989 · program services $2,628,989

  • 23 · Insurance

    total $184,587 · program services $184,587

  • 24a · Other expenses: VENUES AND EVENTS

    total $1,794,160 · program services $1,794,160

  • 24b · Other expenses: LEGACY

    total $1,107,974 · program services $1,107,974

  • 24c · Other expenses: CITY SERVICES

    total $1,023,616 · program services $1,023,616

  • 24d · Other expenses: TRANSPORTATION

    total $493,838 · program services $493,838

  • 24e · All other expenses

    total $202,924 · program services $202,924

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    end of year $1,300,166

  • 17 · Accounts payable and accrued expenses

    end of year $1,300,166

Mission and programs · 2022

Mission

THE MISSION OF THE ORGANIZATION IS TO PROMOTE THE CITY OF LOS ANGELES AS HOST CITY FOR SECURING, PROMOTING AND STAGING FUTURE COLLEGE FOOTBALL PLAYOFFS AND ATTENDANT EVENTS AND TO BOTH ENCOURAGE ECONOMIC DEVELOPMENT IN CONNECTION WITH THE COLLEGE FOOTBALL PLAYOFFS AND PROMOTE A FAVORABLE IMAGE TO THOSE ATTENDING THE COLLEGE FOOTBALL PLAYOFFS BY PROVIDING ASSISTANCE TO PERSONS ATTENDING AND FUNDS TO COVER CERTAIN COSTS OF STAGING THE COLLEGE FOOTBALL PLAYOFFS AND ATTENDANT EVENTS, IN SO DOING PROMOTING THE COMMON INTERESTS OF THE CITY OF LOS ANGELES AND ITS RESIDENTS.

Activities or mission (Part I)

TO PROMOTE THE CITY OF L.A. AS HOST CITY FOR SECURING, PROMOTING & STAGING FUTURE COLLEGE FOOTBALL PLAYOFFS AND ATTENDANT EVENTS.

  • THE MISSION OF THE ORGANIZATION IS TO PROMOTE THE CITY OF LOS ANGELES AS HOST CITY FOR SECURING, PROMOTING AND STAGING FUTURE COLLEGE FOOTBALL PLAYOFFS AND ATTENDANT EVENTS AND TO BOTH ENCOURAGE ECONOMIC DEVELOPMENT IN CONNECTION WITH THE COLLEGE FOOTBALL PLAYOFFS AND PROMOTE A FAVORABLE IMAGE TO THOSE ATTENDING THE COLLEGE FOOTBALL PLAYOFFS BY PROVIDING ASSISTANCE TO PERSONS ATTENDING AND FUNDS TO COVER CERTAIN COSTS OF STAGING THE COLLEGE FOOTBALL PLAYOFFS AND ATTENDANT EVENTS, IN SO DOING PROMOTING THE INTERESTS OF THE CITY OF LOS ANGELES AND ITS RESIDENTS.

    Expenses $10,000,641 · Revenue $345,845

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kathryn S Schloessman

    PRESIDENT

    Total calculated
    $542,217
    From this org
    $0
    From related orgs
    $493,756
    Other
    $48,461
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,756 related
    Bonus
    $0 + $210,000 related
    Other
    $0
    Deferred
    $0 + $16,950 related
    Nontaxable benefits
    $0 + $31,511 related
    Filer's total
    $0 + $542,217 related

  • James Rishwain Jr

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kevin Demoff

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Terry Feit

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Bob Graziano

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jason Gannon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION DID NOT DIRECTLY COMPENSATE ANY DIRECTOR, OFFICER AND EMPLOYEE IN THE REPORTING FISCAL YEAR. KATHRYN S. SCHLOESSMAN, PRESIDENT, IS COMPENSATED BY THE RELATED ORGANIZATION LOS ANGELES SPORTS & ENTERTAINMENT COMMISSION (LASEC). THE CHAIR OF THE BOARD FOR LASEC, WITH APPROVAL OF THE BOARD, APPOINTS A COMPENSATION COMMITTEE. THIS COMMITTEE REVIEWS CURRENT SALARIES AND DETERMINES ANY ADJUSTMENTS, TAKING INTO ACCOUNT OTHER ORGANIZATIONS OF SIMILAR SIZE AND NATURE, PERFORMANCE AND THE FINANCIAL CONDITION OF THE ORGANIZATION. FROM TIME TO TIME AN INDEPENDENT CONSULTANT MAY BE CONSULTED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202401279349300220

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