Los Angeles Sports & Entertainment Commission

Organization Overview

Los Angeles Sports & Entertainment Commission is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Los Angeles Sports & Entertainment Commission employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Sports & Entertainment Commission 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 06/2021, Los Angeles Sports & Entertainment Commission generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 6.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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

WORK WITH THE CITY AND COUNTY OF LOS ANGELES TO BRING MAJOR SPORTING AND ENTERTAINMENT EVENTS TO LA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LASEC CREATED THE CHAMPIONLA PROGRAM TO SUPPORT UPCOMING EVENTS THAT POSITIVELY IMPACT THE DEVELOPMENT OF THE REGION. MAJOR EVENTS INCLUDE THE MLB ALL-STAR GAME, MLS ALL-STAR GAME, SUPER BOWL 2022, COLLEGE FOOTBALL PLAYOFF NATIONAL CHAMPIONSHIP 2023, AND THE 123RD U.S. OPEN CHAMPIONSHIP. LOS ANGELES IS A CANDIDATE FOR THE HOST CITY FOR THE 2026 FIFA MEN'S WORLD CUP.


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Board, Officers & Key Employees

Name (title)Compensation
Kathryn Schloessman
President
$251,574
Allison Citelli
Vice President, Business Development
$136,694
Irene Klepp
Chief Financial Officer
$73,239
Bob Graziano
Chair
$0
Carl Schuster
Vice Chair
$0
Michael Meyer
Secretary
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$10,060,986
Investment income $137,995
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 $11,679,905

Grants Awarded

Over the last fiscal year, Los Angeles Sports & Entertainment Commission has awarded $41,186 in support to 4 organizations.

Grant RecipientAmount

THE PLAY EQUITY FUND

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: YOUTH GOLF PROGRAMS

$11,593

THE PLAY EQUITY FUND

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: YOUTH GOLF PROGRAMS

$11,593

LOS ANGELES WORLD CUP 2026 HOST COMMITTEE LLC

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: TO SECURE AND PROMOTE WORLD CUP 2026 IN LOS ANGELES

$9,000

LOS ANGELES WORLD CUP 2026 HOST COMMITTEE LLC

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: TO SECURE AND PROMOTE WORLD CUP 2026 IN LOS ANGELES

$9,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Los Angeles Sports & Entertainment Commission has recieved totaling $2,597,200.

Awarding OrganizationAmount
Wasserman Foundation

Los Angeles, CA

PURPOSE: CHAMPION LA

$1,000,000
Kennedy Wilson Charitable Foundation

Beverly Hills, CA

PURPOSE: GENERAL SUPPORT

$500,000
The Annenberg Foundation

Conshohocken, PA

PURPOSE: CHAMPIONLA

$500,000
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: ARTS AND CULTURE

$200,000
Joseph Drown Foundation

Los Angeles, CA

PURPOSE: CHAMPION LA OPERATING SUPPORT

$100,000
Allison And Bennett Rosenthal Charitable Foundation

Florham Park, NJ

PURPOSE: GENERAL UNRESTRICTED

$100,000
View Grant Recipient Profile

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