United States Olympic and Paralympic

“The organization's governing documents reserve the right of the united states olympic & paralympic committee (usopc) to designate and elect two (2) members of the board. The organization's governing documents reserve the right of the los angeles organizing committee for the olympic and paralympic games 2028 (la28) to designate and elect up to four (4) members of the board. La28 has appointed two (2) board members to the usopp board, including the la28 chair who exercises three (3) votes on behalf of la28, while the other la28 member exercises one (1) vote on behalf of la28.”

“Usopc shall have the right to designate and elect two (2) directors, which shall include the usopc ceo. La28 shall have the right to designate and elect the remaining four (4) directors, which shall include the la28 chair.”

“The bylaws of the organization provide certain consent rights to usopc.”

“The organization does not have any board committees.”

“The organization retains a certified public accounting firm to prepare form 990. The return preparer provides a copy of form 990 to the organization's chief financial officer, chief legal officer, and svp controller for review before it is filed. Any issues arising from these reviews are discussed and resolved with the return preparer before filing. A copy of the revised form 990 is made available to the organization's board of directors for its review. Following such review, upon unanimous approval from the usopp board of directors, form 990 is filed.”

“The organization has a formal conflict of interest policy. Article iii of such policy describes procedures to disclose and resolve conflicts of interest.”

“In december 2024, the board of directors of la28 engaged mercer to evaluate the reasonableness of the proposed compensation program for la28 and usopp's paid senior executives ("the executives"). In mercer's report entitled executive compensation assessment, mercer documented its market evaluation methodology and market findings. In mercer's opinion, the benchmarking and market evaluation process and resulting market comparability data satisfy all requirements for compliance with internal revenue code section 4958 and the regulations thereunder. In 2024, the board reviewed and relied upon mercer's report and, having determined that the proposed compensation for the executives was appropriate and reasonable, approved such compensation. Any adjustments to executive salary have been reviewed and approved by the board. In addition, usopp's chairperson works for the organization on a voluntary basis without compensation. In conjunction with the mercer report discussed above, mercer also conducted a series of market pricing and benchmarking exercises to evaluate and determine the reasonableness of the proposed compensation programs for non-executive usopp paid staff. The benchmarking and market evaluation process and resulting market comparability data satisfy all requirements for compliance with internal revenue code section 4958 and the regulations thereunder. Mercer continues to be the advisory party to any compensation programs for usopp, including providing advice and analysis with respect to compensation for new executive hires.”

“Certain governing documents are held at the organization's principal office. Such documents are open to inspection by persons, as required by law, at all reasonable times during office hours. Documents not available at the organization's principal office are available upon request.”