Los Angeles Sports Council

“Los angeles sports council is a membership organization that is supported by its member dues.”

“Board members are elected by the membership of the organization. The board members have the authority to elect and appoint members to serve on various committees within the organization.”

“The draft form 990 was prepared by an outside accounting firm. Upon completion, the organizations executive committee reviewed and accepted the draft form 990, which was subsequently distributed to the entire board prior to filing.”

“Conflict of interest statement are reviewed annually and if any potential conflict is identified, the individual must be removed from participating.”

“The executive committee in conjunction with the finance committee of the los angeles sports council and the los angeles sports council foundation, determine the compensation and salary increases for the president independently without the participation of the interested person.”

“The organizations form 990 may also be inspected on www.guidestar.org”

“The organizations governing documents, conflict of interest policy, financial statements, etc. Are generally not made available to the public as the orgainization is a private membership organization. These documents are and will will provided upon reasonable request.”

“Though the los angeles sports council issues the form w2 to the president, his compensation is rflective of time that is devoted to the los angeles sports council as well as to its related entities, the los angeles sports council foundation and the southern california committee for the olympic games. The sports council is reimbursed by the related entities for this time. Accordingly, the compensation reported on form 990, part ix, line 5 is reflective of the compensation related solely to the council.”

“PROFESSIONAL SERVICES”