Los Angeles Organizing Committee for the Olympic and Paralympic Games 2028

“The executive committee is delegated all the power and authority of the board, except for the duties that have been expressly delegated to other committees, and except for authority that is not permitted to be possessed by or delegated to a committee under california nonprofit law, or the articles of incorporation of the organization, or the bylaws of the organization.”

“The bylaws of the organization provide certain consent rights to the united states olympic and paralympic committee.”

“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 chairperson, chief executive officer, chief financial officer, chief legal officer, svp controller, and audit committee 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 approval from the organization's chairperson and chief executive officer, form 990 is filed.”

“Organization has a formal conflict of interest policy. Article iii of such policy describes procedures to disclose and resolve conflicts of interest. Additional oversight is being provided through the conflicts committee under the board of directors.”

“In june 2024, the la28 board of directors engaged mercer us inc. ("mercer") to evaluate and submit a reasonableness opinion to the board for review in conjuction with the hiring of the la28 ceo. 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. The executive committee of the board of directors of la28 reviewed and relied upon mercer's reasonableness opinion and, having determined that the proposed compensation for the ceo was appropriate and reasonable, approved such compensation. In addition, la28's chairperson works for the organization on a voluntary basis without compensation. In 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. Any adjustments to executive salary have been reviewed and approved by board. 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 la28 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 la28, 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.”