LOS ANGELES SPORTS & ENTERTAINMENT COMMISSION Charity Report

Public IRS 990 nonprofit record

LOS ANGELES SPORTS & ENTERTAINMENT COMMISSION

EIN 95-4541188 · Amateur Sports (N60)

What they do

LASEC WORKS to ATTRACT, SECURE and SUPPORT HIGH-PROFILE SPORTS and ENTERTAINMENT EVENTS IN LOS ANGELES. MAJOR EVENTS LEAVE A LASTING, POSITIVE IMPACT ON THE HOST CITY and GENERATE HUNDREDS of MILLIONS of DOLLARS IN ECONOMIC IMPACT and OPPORTUNITIES for LOCAL BUSINESSES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders46 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

36.28%of revenue went to mission work92.7% of expenses · Program services

1.60%of revenue went to fundraising4.1% of expenses

$39.15spent for every $100 of revenueRevenue covered expenses this year.

1.26%of revenue went to management and office costs3.2% of expenses

$3.45in assets for every $1 spent this yearSome assets cannot be spent right away.

94.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $564,149 for KATHRYN SCHLOESSMAN (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$26,488,894

Mission workProgram services$9,609,37036.28% of revenue92.7% of expenses

ManagementOffice and general costs$334,9801.26% of revenue3.2% of expenses

FundraisingAsking for donations$425,0841.60% of revenue4.1% of expenses

Revenue left after expensesReported annual surplus$16,119,46060.85% of revenueShown in gray on the chart

Total expenses$10,369,43439.15% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 92.7% mission · 3.2% management · 4.1% fundraisingTotal expenses: 39.15% of revenue

2023Expense mix: 88.6% mission · 8.2% management · 3.2% fundraisingTotal expenses: 119.60% of revenue

2022Expense mix: 97.0% mission · 2.1% management · 0.9% fundraisingTotal expenses: 106.29% of revenue

2021Expense mix: 96.5% mission · 2.2% management · 1.3% fundraisingTotal expenses: 83.71% of revenue

2020Expense mix: 93.8% mission · 5.2% management · 1.0% fundraisingTotal expenses: 37.90% of revenue

2019Expense mix: 89.1% mission · 6.7% management · 4.2% fundraisingTotal expenses: 66.55% of revenue

2018Expense mix: 89.3% mission · 6.6% management · 4.1% fundraisingTotal expenses: 102.71% of revenue

2017Expense mix: 84.5% mission · 9.3% management · 6.3% fundraisingTotal expenses: 101.13% of revenue

Money in and money out

Revenue$26,488,894

Expenses$10,369,434

Annual surplus $16,119,460 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,609,370 · 92.7% of expenses

Management and office costs$334,980 · 3.2% of expenses

Fundraising$425,084 · 4.1% of expenses

See all reported dollar amounts

Revenue$26,488,894

Expenses$10,369,434

Assets$35,755,165

Income$26,488,894

Contributions$24,934,281

Mission work (program services)$9,609,370

Fundraising$425,084

Grants given$21,189,280

Average grant$1,115,225

Management and general$334,980

Executive compensation (total)$607,057

Accounting fees$62,795

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KATHRYN SCHLOESSMANPRESIDENT AND CEO · 40 hrs/week $564,149Base $502,483 · Other $61,666

IRENE KLEPPCHIEF FINANCIAL OFFICER · 40 hrs/week $321,232Base $305,458 · Other $15,774

JASON KRUTZSCHVP MARKETING, CONTENT & COMMUNICATIONS · 40 hrs/week $289,042Base $247,460 · Other $41,582

ALLISON CITELLIVP EVENTS & BUSINESS DEVELOPMENT · 40 hrs/week $277,532Base $254,010 · Other $23,522

KATHERINE ABEDIDIRECTOR, ACCOUNTING · 40 hrs/week $171,953Base $151,121 · Other $20,832

ALANA HUTCHINSONDIRECTOR, EVENT OPERATIONS · 40 hrs/week $167,771Base $151,575 · Other $16,196

SAMONA CALDWELLDIRECTOR, BUSINESS CONNECT · 40 hrs/week $166,116Base $156,461 · Other $9,655

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (46)

KATHRYN SCHLOESSMANPRESIDENT AND CEO

IRENE KLEPPCHIEF FINANCIAL OFFICER

JASON KRUTZSCHVP MARKETING, CONTENT & COMMUNICATIONS

ALLISON CITELLIVP EVENTS & BUSINESS DEVELOPMENT

KATHERINE ABEDIDIRECTOR, ACCOUNTING

ALANA HUTCHINSONDIRECTOR, EVENT OPERATIONS

SAMONA CALDWELLDIRECTOR, BUSINESS CONNECT

PATRICK COSTELLODIRECTOR - END 12/31/24

KEVIN KUNKELDIRECTOR

KEVIN TSUJIHARADIRECTOR - END 12/31/24

KIM BREWERDIRECTOR

KYLE MABRYDIRECTOR - END 12/31/24

LARRY GREENDIRECTOR - END 12/31/24

MICHAEL FINLEYDIRECTOR - END 12/31/24

MICHAEL PERSSONDIRECTOR - END 12/31/24

MICHAEL YAMAKIDIRECTOR - END 12/31/24

JOHN BENDHEIMDIRECTOR

PAUL MILLERTREASURER

RENATA SIMRILDIRECTOR

RON COHENDIRECTOR

SABRINA KAYDIRECTOR

SUSAN HIRSCH WOHLDIRECTOR - END 12/31/24

TERRY FEITDIRECTOR

THOMAS TELLEFSENDIRECTOR

TODD WILSONDIRECTOR - END 12/31/24

VICTOR COLEMANDIRECTOR - END 12/31/24

DAVID RONEDIRECTOR

ALAN ROTHENBERGDIRECTOR - END 12/31/24

ANGELA ZEPEDADIRECTOR - END 12/31/24

BILL HANWAYDIRECTOR - END 12/31/24

BILL MORROWDIRECTOR - END 12/31/24

BLANCA GONZALEZDIRECTOR - END 12/31/24

BOB GRAZIANOCHAIR

BRANDEN CHAPMANDIRECTOR

CARL SCHUSTERVICE CHAIR

CRAIG LEVRADIRECTOR

KEVIN DEMOFFDIRECTOR - END 12/31/24

GREG ASHLOCKDIRECTOR - END 12/31/24

JAMES ELLISDIRECTOR - END 12/31/24

JAMES RISHWAIN JRSECRETARY

JEANIE BUSSDIRECTOR

JEFF SHELLDIRECTOR - END 12/31/24

JEFF SIGMENDIRECTOR - END 12/31/24

JEFFREY GLASSMANDIRECTOR

JOHN BARRETTDIRECTOR

AG SPANOSDIRECTOR - END 12/31/24

About this charity

Recognized since: January 1996
Location: 633 W 5TH ST STE 1800, LOS ANGELES, CA 90071-2087
County: Los Angeles
In care of: % KATHRYN SCHLOESSMAN
Primary officer: KATHRYN SCHLOESSMAN, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Phone(213) 236-2381

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: GREEN HASSON & JANKS LLP
NTEE classification: Amateur Sports (N60)
IRS tax category: Amateur Sports
Grant-giving organization: Yes