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← FRIENDS OF THE COLISEUM FOUNDATION

Form 990 for tax year 2023

Filed by FRIENDS OF THE COLISEUM FOUNDATION.

Totals

Total revenue
$438,733
Total expenses
$436,782
Contributions and grants received
$438,733
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,748
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,748
Program services expenses (Part IX)
$320,204
Management and general expenses
$116,578
Fundraising expenses
$0
Program service expenses (Part III)
$320,204

Program services were 73.3% 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.

  • 1f · All other contributions, gifts and grants

    $438,733

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $110,000 · management and general $110,000

  • 11c · Fees: accounting

    total $6,500 · management and general $6,500

  • 11g · Fees: other

    total $78 · management and general $78

  • 12 · Advertising and promotion

    total $3,000 · program services $3,000

  • 24a · Other expenses: EVENT PRODUCTION COSTS

    total $114,453 · program services $114,453

  • 24b · Other expenses: ARTIST & TALENT FEE

    total $83,000 · program services $83,000

  • 24c · Other expenses: EVENT PRODUCTION CONSUL

    total $33,750 · program services $33,750

  • 24d · Other expenses: CONCESSIONS

    total $26,824 · program services $26,824

  • 24e · All other expenses

    total $59,177 · program services $59,177

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $797 · end of year $2,748

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $797 · end of year $2,748

Mission and programs · 2023

Mission

THE FOUNDATION FORMED FOR CHARITABLE PURPOSES TO PRESERVE AND PROMOTE THE LOS ANGELES MEMORIAL COLISEUM.

Activities or mission (Part I)

THE FRIENDS OF THE COLISEUM FOUNDATION ("FOUNDATION") IS A NONPROFIT CORPORATION, FORMED FOR CHARITABLE PURPOSES NAMELY THE FOLLOWING:1. TO PRESERVE AND PROMOTE THE LOS ANGELES MEMORIAL COLISEUM; 2. TO ENCOURAGE PUBLIC PARTICIPATION AT THE LOS ANGELES MEMORIAL COLISEUM BY HOSTING TO THE GREATEST EXTENT POSSIBLE, AN ARRAY OF ON-SITE PUBLIC INTEREST EVENTS YEAR-ROUND WHICH ARE OPEN AND FREE TO THE PUBLIC FOR PURPOSES OF EDUCATION AND ENJOYMENT; 3. TO SUPPORT AMATEUR ATHLETICS IN SOUTHERN CALIFORNIA; 4. TO PROVIDE SUPPORT TO THE LOS ANGELES MEMORIAL COLISEUM COMMISSION, INCLUDING FINANCIAL ASSISTANCE FOR THE CONTINUED ADMINISTRATION AND OPERATIONAL EXPENSES OF THE LOS ANGELES MEMORIAL COLISEUM COMMISSION; AND 5. TO RAISE FUNDS IN SUPPORT OF THE 2028 OLYMPIC EVENTS TO BE HELD IN LOS ANGELES, CALIFORNIA.

  • THE SOUTH LA CLASSIC IS A HIGH SCHOOL FOOTBALL INVITATIONAL HELD AT THE LOS ANGELES MEMORIAL COLISEUM ORGANIZED AND FUNDED BY THE FOUNDATION.

    Expenses $320,204

As filed on the 2023 return.

Listed in Part VII

  • George L Pla

    FOUNDING PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Maria Mehranian

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Nick Roxburough

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349316033

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