Los Angeles Sports Council Inc

Organization Overview

Los Angeles Sports Council Inc is located in Santa Monica, CA. The organization was established in 0000. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Los Angeles Sports Council Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Sports Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Los Angeles Sports Council Inc generated $479.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $414.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DRIVE POSITIVE IMPACT IN THE GREATER LOS ANGELES AREA THROUGH THE TRANSFORMATIONAL POWERS OF THE SPORTS INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LOS ANGELES SPORTS COUNCIL EXISTS TO UNITE AND STRENGTHEN THE MOST INFLUENTIAL AND IMPACTFUL SPORTS COMMUNITY IN THE WORLD AND DOES SO BY: FOSTERING AN INCLUSIVE COMMUNITY THAT SUPPORTS COLLABORATION AND THOUGHT SHARING; PROVIDING A PLATFORM THAT ENABLES MEMBERS TO STRENGTHEN THEIR NETWORK OF RESOURCES; PRODUCING EVENTS THAT HIGHLIGHT THE REGION AS THE HEART OF SPORTS INDUSTRY INNOVATION; DELIVERING PROGRAMS THAT FOSTER PERSONAL AND PROFESSIONAL GROWTH AND DEVELOPMENT; AND PROMOTING MEMBERS' COMMITMENT AND CONTRIBUTIONS THROUGHOUT THE GREATER LOS ANGELES AREA.


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Board, Officers & Key Employees

Name (title)Compensation
David Siegel
President & CEO
$184,076
Dan Finnerty
Secretary
$0
Dan Hartman
Vice Chair & Treasurer
$0
Dave Klewan
Chair
$0
Rob Thun
Vice Chair
$0
Ag Spanos
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$140,000
Government grants $79,200
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$219,200
Total Program Service Revenue$255,000
Investment income $0
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 $479,589

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Los Angeles Sports Council Inc has recieved totaling $150,000.

Awarding OrganizationAmount
Los Angeles Sports Council Foundation

Santa Monica, CA

PURPOSE: SUPPORT PROMOTION AND AWARENESS OF SPORTING ACTIVITIES IN LOS ANGELES.

$140,000
Foundation For Global Sports Development

Los Angeles, CA

PURPOSE: GOLD LEVEL SPONSORSHIP FOR LA SPORTS AWARDS.

$10,000
View Grant Recipient Profile

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