Overview
What is Los Angeles Memorial Coliseum Foundation?
The Los Angeles Memorial Coliseum Foundation is a nonprofit organization, headquartered in Los Angeles, California, dedicated to preserving and promoting the historic Los Angeles Memorial Coliseum, a national and state landmark. Their mission involves engaging the public, Exposition Park stakeholders, civic leaders, and others to ensure the coliseum's legacy for future generations. They encourage public participation by hosting various free, educational, and enjoyable events at the coliseum year-round. The foundation also preserves and publicly displays historical artifacts and memorabilia detailing the coliseum's rich history. Moreover, they provide financial assistance to the Coliseum Commission for its operational expenses.
Official website here: www.lacoliseum.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Los Angeles Memorial Coliseum Foundation has achieved an impressive rating of 96%, which reflects its strong performance in accountability and finance. This high score is derived from a comprehensive assessment that places significant weight on financial practices and governance. The foundation's commitment to transparency is evident as it has satisfied all criteria assessed, including having a majority of independent board members.
Strengths of the foundation include its robust governance structure, with 100% of its board members being independent. Additionally, the organization demonstrates excellent financial health, as indicated by a liabilities to assets ratio of 0.00% and a program expense ratio of 69.55%. These figures suggest that a significant portion of its resources is directed towards its programs rather than administrative costs, which is a positive indicator for potential donors.
While the foundation shows exemplary governance and financial practices, continued engagement with the community and stakeholders will be crucial to maintain its high standards and transparency. Overall, the Los Angeles Memorial Coliseum Foundation stands out as a trustworthy organization committed to its mission and to responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles Memorial Coliseum Foundation legitimate?
Los Angeles Memorial Coliseum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Memorial Coliseum Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.lacoliseum.com
What is the mission statement of Los Angeles Memorial Coliseum Foundation?
The Los Angeles Memorial Coliseum Foundation's mission is centered around preserving and promoting the Los Angeles Memorial Coliseum (LAMC), engaging various stakeholders to ensure its historical legacy for future generations. They strive to foster public participation at the LAMC by hosting a wide range of free, public-interest events year-round, primarily for educational and enjoyment purposes. The foundation also takes responsibility for preserving and publicly showcasing historical artifacts and memorabilia of the LAMC and sports arena properties, providing a glimpse into their iconic histories. Moreover, they offer support to the Coliseum Commission, providing financial assistance for the commission's continued administration and operational expenses.
Official website here: www.lacoliseum.com
Who is the CEO of Los Angeles Memorial Coliseum Foundation?
Rachelle Anema is the President of Los Angeles Memorial Coliseum Foundation.
Official website here: www.lacoliseum.com
What is the revenue of Los Angeles Memorial Coliseum Foundation?
Los Angeles Memorial Coliseum Foundation's revenue in 2022 was $502,718.
Official website here: www.lacoliseum.com
Who are the executives of Los Angeles Memorial Coliseum Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.lacoliseum.com
Where can I find the form 990 for Los Angeles Memorial Coliseum Foundation?
Los Angeles Memorial Coliseum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lacoliseum.com
Learn more at the official website: www.lacoliseum.com
Mission Statement of Los Angeles Memorial Coliseum Foundation
The Los Angeles Memorial Coliseum Foundation is dedicated to preserving and promoting the historical significance of the Los Angeles Memorial Coliseum (LAMC) for future generations. This is achieved by engaging the public, local stakeholders, civic leaders, and others to ensure the LAMC's enduring legacy. The foundation encourages public participation at the LAMC by hosting a variety of on-site, public interest events year-round. These events are open and free to the public, serving educational and enjoyment purposes.
Furthermore, the Los Angeles Memorial Coliseum Foundation takes great care in preserving and publicly displaying historical artifacts and memorabilia from the LAMC and sports arena properties. These items provide a detailed account of the history of these iconic facilities. Additionally, the foundation offers financial assistance to the Coliseum Commission to help cover administrative and operational expenses, ensuring the continued operation of the LAMC.
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Impact
July, 2024
The Los Angeles Memorial Coliseum Foundation's impact lies in its preservation and promotion of the historic Los Angeles Memorial Coliseum (LAMC). Through engaging the public, Expo Park stakeholders, civic leaders, and others, the foundation ensures the Coliseum's legacy for future generations. By hosting a variety of on-site public interest events that are open and free to the public, the foundation encourages public participation at the LAMC for educational and enjoyable purposes. Additionally, the foundation preserves and publicly displays historical artifacts and memorabilia from the Coliseum and Sports Arena properties, showcasing the rich history of these iconic facilities. Furthermore, the financial support provided by the foundation goes toward the maintenance and preservation of the Coliseum and other facilities in Exposition Park, benefiting the development and improvement of the surrounding neighborhoods and communities.
This information is meant to be a general summary of Los Angeles Memorial Coliseum Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,540
- Gross Receipts: $502,718
Assets and Liabilities:
- Total Assets: $572,722
- Total Liabilities: $0
- Net Assets: $572,722
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Organization Details
Founding Year
2019
Phone
(213) 974-8321Principal Officer
Rachelle Anema
Main Address
500 W TEMPLE STREET 383, LOS ANGELES, CA, 90012
Website
www.lacoliseum.comNTEE Category
Code: A50 - Arts
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