LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028

EIN: 472018941 501(c)(3) Recreation & Sports

LOS ANGELES, CA

Total Revenue
$12,344,674
Total Expenses
$78,369,861
Total Assets
$141,706,906
Net Assets
$-219,685,823
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CA
Principal Officer
KAREN STURGES
Phone
4243204500
Tax Period
2023-01-01 to 2023-12-31

LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028, founded in 2014, is a mid-sized nonprofit in the Recreation & Sports sector that reported $12.3M in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $78.4M exceeded revenue, resulting in a 535% operating deficit.

Mission

THE CORPORATION PRIMARILY AIMS TO IMPROVE & ENHANCE THE QUALITY OF LIFE OF RESIDENTS OF L.A. & SURROUNDING AREAS THROUGH THE PROMOTION & SPONSORSHIP OF L.A. AS THE SITE OF THE OLYMPIC AND PARALYMPIC GAMES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,000,000
Program Service Revenue $2,021,255
Investment Income $2,318,209
Other Revenue $5,210
TOTAL REVENUE $12,344,674

Expense Breakdown

Grants Paid $15,293,997
Salaries & Benefits $34,741,849
Fundraising Expenses $0
Program Expenses $51,320,437
Other Expenses $28,334,015
TOTAL EXPENSES $78,369,861

Year-over-Year Comparison

2023 2022 Change
Revenue $12,344,674 $53,663,980 -0.8%
Expenses $78,369,861 $140,219,665 -0.4%
Net Income $-66,025,187 $-86,555,685 -0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
32
Independent Members
29
Employees
157
Volunteers
30

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
13
$11,004,345
Total Directors
33
$2,303,792
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER PEPE DIRECTOR/USOPP CHIEF COMMERCIAL OFFICER 0.10
Director
$0 $1,148 $928,358
DANIEL KOBLIN DIRECTOR/USOPP CHIEF OPERATING OFFICER 0.10
Director
$0 $6,168 $718,548
JANET B EVANS CHIEF ATHLETE OFFICER 40.00
Officer Director
$656,762 $124 $656,886
CASEY WASSERMAN CHAIRPERSON/PRESIDENT 0.50
Officer Director
$0 $0 $0
BEATRIZ ACEVEDO DIRECTOR 0.10
Director
$0 $0 $0
JESSICA ALBA DIRECTOR 0.10
Director
$0 $0 $0
MARK ATTANASIO DIRECTOR 0.10
Director
$0 $0 $0
JEANIE BUSS DIRECTOR 0.10
Director
$0 $0 $0
ANDY CAMPION DIRECTOR 0.10
Director
$0 $0 $0
ELAINE CHAO DIRECTOR (BEGIN 01/23) 0.10
Director
$0 $0 $0
MUFFY DAVIS DIRECTOR 0.10
Director
$0 $0 $0
ANITA DE FRANTZ DIRECTOR 0.10
Director
$0 $0 $0
JOSE E FELICIANO DIRECTOR (BEGIN 01/23) 0.10
Director
$0 $0 $0
LEX GILLETTE DIRECTOR (BEGIN 01/23) 0.10
Director
$0 $0 $0
DAVID HAGGERTY DIRECTOR 0.10
Director
$0 $0 $0
SARAH HIRSHLAND DIRECTOR 0.10
Director
$0 $0 $0
MELLODY HOBSON DIRECTOR 0.10
Director
$0 $0 $0
MATT JOHNSON DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL JOHNSON DIRECTOR 0.10
Director
$0 $0 $0
JEFFREY KATZENBERG DIRECTOR 0.10
Director
$0 $0 $0
KATIE LEDECKY DIRECTOR (BEGIN 01/23) 0.10
Director
$0 $0 $0
JAMIE LEE DIRECTOR 0.10
Director
$0 $0 $0
ANN PHILBIN DIRECTOR 0.10
Director
$0 $0 $0
ALISON RESSLER DIRECTOR 0.10
Director
$0 $0 $0
PETE RODRIGUEZ DIRECTOR (BEGIN 07/23) 0.10
Director
$0 $0 $0
DANA SMITH DIRECTOR 0.10
Director
$0 $0 $0
MEGAN SMITH DIRECTOR 0.10
Director
$0 $0 $0
MARC STERN DIRECTOR 0.10
Director
$0 $0 $0
GENE SYKES DIRECTOR 0.10
Director
$0 $0 $0
MARK TATUM DIRECTOR 0.10
Director
$0 $0 $0
STUART WALDMAN DIRECTOR 0.10
Director
$0 $0 $0
AMY WAKELAND DIRECTOR (END 05/23) 0.10
Director
$0 $0 $0
YVONNE WHEELER DIRECTOR (BEGIN 07/23) 0.10
Director
$0 $0 $0
AMY GLEESON CHIEF MARKETING OFFICER 40.00
Officer
$572,267 $6,409 $578,676
ANNA SCHMITZ SR. MANAGER, RISK 20.00
Officer
$207,677 $5,075 $212,752
BRIAN LAFEMINA CHIEF BUSINESS OFFICER (END 12/23) 40.00
Officer
$3,124,348 $6,344 $3,130,692
DAVID MICHAEL CHIEF INFORMATION OFFICER 20.00
Officer
$652,541 $4,320 $656,861
JOHN M HARPER CHIEF OPERATING OFFICER 40.00
Officer
$694,723 $8,544 $703,267
KAREN STURGES CHIEF FINANCIAL OFFICER 20.00
Officer
$629,320 $6,168 $635,488
KATHRYN CARTER CHIEF EXECUTIVE OFFICER (END 12/23) 20.00
Officer
$1,995,290 $4,554 $1,999,844
MAUREEN HARPER SVP, HUMAN RESOURCES 20.00
Officer
$394,301 $6,568 $400,869
MICHELLE SCHWARTZ CHIEF EXTERNAL AFFAIRS OFFICER 40.00
Officer
$618,282 $2,580 $620,862
ELISABETH FREINBERG SVP & DEPUTY GENERAL COUNSEL 40.00
Officer
$377,967 $9,963 $387,930
TANJA OLANO CHIEF LEGAL & PEOPLE OFFICER AND CHIEF COMPLIANCE 20.00
Officer
$1,017,905 $2,313 $1,020,218
ALLISON KATZ-MAYFIELD SVP, GAMES DELIVERY REVENUE 40.00
Highest
$379,702 $1,980 $381,682
MIKE BERNSTEIN VP, INSIGHTS & ANALYTICS 40.00
Highest
$358,962 $9,218 $368,180
DANA LENT VP, GAMES EXPERIENCES & ENGAGEMENT 40.00
Highest
$325,697 $1,956 $327,653
MARIA WU KISKIS VP, INFORMATION KNOWLEDGE & GAMES LEARNING 40.00
Highest
$325,144 $2,461 $327,605
MICHAEL BUTKOVIC SVP, FINANCIAL PLANNING & ANALYSIS 40.00
Highest
$323,740 $5,286 $329,026
PATRICIA FEAU VP, HOST CITY RELATIONS/FORMER ASST SEC 40.00
$321,888 $9,309 $331,197
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $12,344,674 $78,369,861 $141,706,906 $-66,025,187
2022 $53,663,980 $140,219,665 $65,050,984 $-86,555,685
2021 $21,974,824 $93,243,446 $21,819,265 $-71,268,622
2020 $2,628,198 $36,493,126 $48,751,518 $-33,864,928
2019 $1,392,332 $23,412,779 $41,966,738 $-22,020,447
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