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Nonprofiteer
← LOS ANGELES WORLD CUP 2026 HOST COMMITTEE LLC

Form 990 for tax year 2024

Filed by LOS ANGELES WORLD CUP 2026 HOST COMMITTEE LLC.

Totals

Total revenue
$5,863,457
Total expenses
$4,368,323
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,856,175
Investment income
$25
Other revenue
$7,257
Total assets, end of year
$16,379,581
Total liabilities, end of year
$14,738,547
Net assets or fund balances, end of year
$1,641,034
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $5,856,175 · related or exempt $5,856,175

  • 3 · Investment income

    total $25 · excluded $25

  • 10a · Gross sales of inventory

    $6,985

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $6,985 · excluded $6,985

  • 11a · Other revenue: OTHER REVENUE

    total $272 · excluded $272

  • 11e · Other revenue, total

    $272

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $55,621

  • 11c · Fees: accounting

    total $7,029

  • 11g · Fees: other

    total $19,404

  • 12 · Advertising and promotion

    total $64,542

  • 19 · Conferences, conventions and meetings

    total $3,266

  • 23 · Insurance

    total $56,054

  • 24a · Other expenses: PROGRAM EXPENSE

    total $4,054,398

  • 24b · Other expenses: MERCHANDISE

    total $80,944

  • 24c · Other expenses: MISCELLANEOUS

    total $27,065

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $691,715 · end of year $2,696,584

  • 4 · Accounts receivable

    end of year $5,002

  • 8 · Inventories for sale or use

    beginning of year $13,616,200 · end of year $13,616,200

  • 9 · Prepaid expenses and deferred charges

    end of year $50,000

  • 10a · Land, buildings and equipment: cost or other basis

    $11,795

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $11,795

  • 17 · Accounts payable and accrued expenses

    beginning of year $545,815 · end of year $1,072,347

  • 19 · Deferred revenue

    beginning of year $13,616,200 · end of year $13,666,200

  • 27 · Net assets without donor restrictions

    beginning of year $145,900 · end of year $1,641,034

Mission and programs · 2024

Mission

THE MISSION OF THE ORGANIZATION IS TO PROMOTE THE CITY OF LOS ANGELES AS HOST CITY FOR SECURING, PROMOTING AND STAGING THE 2026 WORLD CUP AND ATTENDANT EVENTS AND TO BOTH ENCOURAGE ECONOMIC DEVELOPMENT IN CONNECTION WITH THE WORLD CUP AND PROMOTE A FAVORABLE IMAGE TO THOSE ATTENDING THE WORLD CUP BY PROVIDING ASSISTANCE TO PERSONS ATTENDING AND FUNDS TO COVER CERTAIN COSTS OF STAGING THE WORLD CUP 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 THE 2026 WORLD CUP.

  • THE MISSION OF THE ORGANIZATION IS TO PROMOTE THE CITY OF LOS ANGELES AS HOST CITY FOR SECURING, PROMOTING AND STAGING THE 2026 WORLD CUP AND ATTENDANT EVENTS AND TO BOTH ENCOURAGE ECONOMIC DEVELOPMENT IN CONNECTION WITH THE WORLD CUP AND PROMOTE A FAVORABLE IMAGE TO THOSE ATTENDING THE WORLD CUP BY PROVIDING ASSISTANCE TO PERSONS ATTENDING AND FUNDS TO COVER CERTAIN COSTS OF STAGING THE WORLD CUP AND ATTENDANT EVENTS, IN SO DOING PROMOTING THE COMMON INTERESTS OF THE CITY OF LOS ANGELES AND ITS RESIDENTS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kathryn S Schloessman

    MANAGER

    Total calculated
    $0
    Hours/week
    4

  • Larry Freedman

    CO-PRESIDENT/CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Chris Klein

    CO-PRESIDENT/CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Bob Graziano

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Tom Tellefsen

    TREASURER

    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
2024
Filed
11 May 2026
IRS schema version
2024v5.5
Source object
202601329349308020

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