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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Siegel President & CEO | OfficerTrustee | 40 | $184,076 |
Rob Thun Vice Chair | OfficerTrustee | 1 | $0 |
Dave Klewan Chair | OfficerTrustee | 1 | $0 |
Dan Hartman Vice Chair & Treasurer | OfficerTrustee | 1 | $0 |
Dan Finnerty Secretary | OfficerTrustee | 1 | $0 |
Ag Spanos Director | Trustee | 0.25 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $53,188 |
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. | $211,606 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $49,488 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $15,050 |
Payroll taxes | $15,976 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $9,921 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $16,718 |
Advertising and promotion | $8,147 |
Office expenses | $2,986 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $13,800 |
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 | $0 |
Depreciation, depletion, and amortization | $1,600 |
Insurance | $12,654 |
All other expenses | $0 |
Total functional expenses | $414,760 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $68,171 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $25,500 |
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 | $9,201 |
Net Land, buildings, and equipment | $277 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,671 |
Total assets | $104,820 |
Accounts payable and accrued expenses | $619 |
Grants payable | $0 |
Deferred revenue | $10,000 |
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 | $7,264 |
Total liabilities | $17,883 |
Net assets without donor restrictions | $86,937 |
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 | $104,820 |
Over the last fiscal year, we have identified 2 grants that Los Angeles Sports Council Inc has recieved totaling $150,000.
Awarding Organization | Amount |
---|---|
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 |
Organization Name | Assets | Revenue |
---|---|---|
Northern California Golf Association Pebble Beach, CA | $40,731,521 | $12,627,822 |
Southern California Golf Association Studio City, CA | $19,691,283 | $9,238,066 |
North Lake Tahoe Resort Assoc Inc Tahoe City, CA | $2,451,078 | $2,757,501 |
California Park & Recreation Society Inc Sacramento, CA | $1,406,148 | $2,322,085 |
Sleepy Hollow Recreational Assn Inc Orinda, CA | $4,071,881 | $1,842,985 |
Southern California Section Of Pga Ontario, CA | $15,133,775 | $1,694,019 |
National Association Of Industrial & Office Parks Irvine, CA | $943,091 | $612,283 |
Western Fairs Association Inc Sacramento, CA | $400,634 | $463,775 |
Naiop San Diego Chapter Del Mar, CA | $1,139,114 | $485,067 |
Los Angeles Sports Council Inc Santa Monica, CA | $104,820 | $479,589 |
Yolo Sportsmens Association Woodland, CA | $782,946 | $417,584 |
Escondido Fish And Game Association Inc Escondido, CA | $1,210,762 | $366,150 |