Los Angeles Memorial Coliseum Foundation
- Assets
- $572.7k
- Revenue
- $502.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 06/2022
- EIN
- 84-3130910
Organization Overview
Los Angeles Memorial Coliseum Foundation is located in Los Angeles, CA. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Memorial Coliseum Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Los Angeles Memorial Coliseum Foundation generated $502.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $670.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PROMOTE THE LOS ANGELES MEMORIAL COLISEUM (LAMC)BY ENGAGING THE PUBLIC, EXPOSITION PARK STAKEHOLDERS, CIVIC LEADERS, AND OTHERS TO ENSURE ITS HISTORIC LEGACY FOR FUTURE GENERATIONS. TO ENCOURAGE PUBLIC PARTICIPATION AT THE LAMC BY HOSTING TO THE GREATEST EXTENT POSSIBLE, AN ARRAY OF ON-SITE PUBLIC INTEREST EVENTS YEAR-ROUND WHICH ARE OPEN AND FREE TO THE PUBLIC FOR PURPOSES OF EDUCATION AND ENJOYMENT. TO PRESERVE AND PUBLICLY DISPLAY THE HISTORICAL ARTIFACTS AND MEMORABILIA OF THE LAMC AND SPORTS ARENA PROPERTIES DETAILING THE HISTORY OF THESE ICONIC FACILITIES. TO PROVIDE SUPPORT TO THE COLISEUM COMMISSION INCLUDING FINANCIAL ASSISTANCE FOR THE CONTINUED ADMINISTRATION AND OPERATIONAL EXPENSES OF THE COMMISSSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL SUPPORT FOR THE MAINTENANCE AND PRESERVATION OF THE LOS ANGELES MEMORIAL COLISEUM (A NATIONAL AND STATE HISTORICAL LANDMARK), AND OTHER FACILITIES AND PUBLIC AREAS OF EXPOSITION PARK IN THE CITY OF LOS ANGELES. ALSO FOR THE BENEFIT, DEVELOPMENT, AND IMPROVEMENT OF THE NEIGHBORHOOD AND COMMUNITIES IN THE VICINITY OF EXPOSITION PARK.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Solomon Rivera President | OfficerTrustee | 1 | $0 |
Curren D Price Jr Vice President | OfficerTrustee | 1 | $0 |
George L Pla Treasurer | OfficerTrustee | 1 | $0 |
Anita Defrantz Director | Officer | 1 | $0 |
Sonia Chan Co-Counsel | Officer | 1 | $0 |
Michael Custodio Co-Counsel | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $502,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $470,111 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $670,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,317 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $405 |
| Total assets | $572,722 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $572,722 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $572,722 |