Nonprofit · EIN 32-0570956
UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC
Tax-exempt · LOS ANGELES, CA 90024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $216,282,143 | $90,284,744 | $125,997,399 | $372,771,867 | $334,621,780 | $38,150,087 |
| December 31, 2023 | 990 | $71,641,029 | $80,100,829 | -$8,459,800 | $147,990,533 | $235,837,845 | -$87,847,312 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $206,892,496
- Investment income
- $8,913,705
- Other revenue
- $475,942
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,326,561
- Other salaries and wages
- $3,216,539
- Salaries, compensation and benefits (total)
- $6,307,408
- Professional fundraising fees
- $0
- Occupancy
- $15,751
- Travel
- $1,068,125
- Program services (functional)
- $89,500,051
- Management and general (functional)
- $784,693
Balance sheet and other
- Total assets, start of year
- $147,990,533
- Total assets, end of year
- $372,771,867
- Total liabilities, end of year
- $334,621,780
- Net assets, end of year
- $38,150,087
- Net assets without donor restrictions
- $38,150,087
- Gross receipts
- $216,282,143
- Employees
- 39
- Volunteers
- 3
- Year formed
- 2022
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHRYN CARTER | FORMER CHIEF EXECUTIVE OFFICER Former | 0 | $0 | $1,950,000 | $0 |
| JOHN SLUSHER | CHIEF EXECUTIVE OFFICER (USOPP) Officer | 39.9 | $933,769 | $0 | $1,957 |
| TANJA OLANO | CHIEF LGL/PPL/COMP OFF (END 9/24) Officer | 20 | $0 | $876,400 | $12,832 |
| KAREN STURGES | CHIEF FINANCIAL OFFICER Officer | 20 | $0 | $741,670 | $35,117 |
| DANIEL KOBLIN | CHIEF OPERATING OFFICER (USOPP) Officer | 39.9 | $725,092 | $0 | $38,015 |
| CHRISTOPHER PEPE | CHF COMMERCIAL OFF(USOPP)(END 12/24) Officer | 39.9 | $690,210 | $0 | $3,974 |
| DAVID MINGEY | SVP, COMMERCIAL PARTNERSHIPS Highest-paid employee | 40 | $636,924 | $0 | $44,386 |
| ELISABETH FREINBERG | CHIEF LEGAL OFFICER & SECRETARY Officer | 20 | $0 | $513,943 | $38,652 |
| PETER ZEYTOONJIAN | SVP, CONSUMER PRODUCTS Highest-paid employee | 40 | $512,757 | $0 | $22,423 |
| REYNOLD HOOVER | DIRECTOR & CHIEF EXEC OFFICER (LA28) Trustee or director | 0.1 | $0 | $481,831 | $5,548 |
| RYAN EDDY | VP, PARTNERSHIPS Highest-paid employee | 40 | $343,027 | $0 | $12,875 |
| HAYLE CHUN | SR DIRECTOR, BUSINESS OPERATIONS Highest-paid employee | 40 | $265,505 | $0 | $43,990 |
| VANESSA SHAY | VP, PARTNERSHIP Highest-paid employee | 40 | $299,920 | $0 | $7,130 |
| AARON LOWENSTEIN | VP, DEP GEN COUNSEL & ASST SECRETARY Officer | 20 | $0 | $238,168 | $22,217 |
| TAMI MAJER | CHIEF PEOPLE OFFICER Officer | 20 | $0 | $62,814 | $3,588 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CASEY WASSERMAN | CHAIRPERSON/PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| GENE SYKES | DIRECTOR Trustee or director | 0.1 | $0 |
| SARAH HIRSHLAND | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHRYN CARTER | CHIEF EXECUTIVE OFFICER Officer | 20 | $0 | $1,995,290 | $4,554 |
| TANJA OLANO | CHIEF LEGAL OFFICER Officer | 20 | $0 | $1,017,905 | $2,313 |
| CHRISTOPHER PEPE | CHIEF COMMERCIAL OFFICER Officer | 39.9 | $927,210 | $0 | $1,148 |
| DANIEL KOBLIN | CHIEF OPERATING OFFICER Officer | 39.9 | $712,380 | $0 | $6,168 |
| DAVID MINGEY | SVP, PARTNERSHIP MGMT & ACTIVATION Highest-paid employee | 40 | $638,484 | $0 | $12,131 |
| KAREN STURGES | CHIEF FINANCIAL OFFICER Officer | 20 | $0 | $629,320 | $6,168 |
| PETER ZEYTOONJIAN | SVP, COMMERCE & EVENTS Highest-paid employee | 40 | $517,726 | $0 | $1,980 |
| RYAN EDDY | VP, PARTNERSHIPS Highest-paid employee | 40 | $334,058 | $0 | $5,045 |
| HAYLE CHUN | SR DIRECTOR, BUSINESS OPERATIONS Highest-paid employee | 40 | $267,768 | $0 | $12,060 |
| PABLO GARCIA | SR DIRECTOR, BUSINESS OPERATIONS Highest-paid employee | 40 | $242,216 | $0 | $1,126 |
| CASEY WASSERMAN | CHAIRPERSON/PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| SARAH HIRSHLAND | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| GENE SKYES | DIRECTOR (BEGIN 01/23) Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10900 WILSHIRE BLVDSTE 700, LOS ANGELES, CA 90024-0000
- In care of
- % LA 2004 EXPLRTRY CMMTTEE SOLE MBR
- Principal officer (990 for 2024)
- KAREN STURGES, 1150 SOUTH OLIVE STREET 700, LOS ANGELES, CA 90015
- Signed the 990
- KAREN STURGES, CFO
- Phone
- (424) 320-4500
- Website
- HTTP://WWW.LA28.ORG
- Return prepared by
- DELOITTE TAX LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 32-0570956 or by the name UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE ORGANIZATION AIMS TO BENEFIT THE RESIDENTS OF THE UNITED STATES THROUGH THE PLANNING, PROMOTION AND STAGING OF THE XXXIV OLYMPIAD AND THE XVIII PARALYMPIC GAMES.
Program accomplishments
- RAISING FUNDS TO BE USED TO PLAN, ORGANIZE, FINANCE, PROMOTE, SPONSOR, HOST AND STAGE THE 2028 GAMES.Expenses $89,500,051 · revenue $207,368,438
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0570956
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N71)
- Assets (IRS master file)
- $372,771,867
- Income (IRS master file)
- $216,282,143
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $216,282,143 | $90,284,744 | $372,771,867 | XML |
| 990 | December 2023 | $71,641,029 | $80,100,829 | $147,990,533 | XML |
| 990 | December 2022 | $1,492,701 | $2,300,692 | $48,056,767 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0570956).
Questions about UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC
- What is the EIN of UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC?
- The employer identification number (EIN) of UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC is 32-0570956.
- Is UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC?
- The 990 for the year ended December 31, 2024 names KAREN STURGES.
- Who are the officers and directors of UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC?
- The 990 for the year ended December 31, 2024 lists 18 people; 8 received compensation from the organization.
- How much revenue does UNITED STATE OLYMPIC AND PARALYMPIC PROPERTIES LLC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $216,282,143, expenses of $90,284,744 and total assets of $372,771,867 at year end.
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All nonprofits in LOS ANGELES · California · Recreation and sports