Explanation:

The International Olympic Committee (IOC) is an international non-profit, nongovernmental organization based in Lausanne, Switzerland, created by Pierre, Baron de Coubertin, on 23 June 1894 with Demetrios Vikel as its first president.
Today its membership consists of 100 active members, 32 honorary members, and 1 honor member. The IOC is the supreme authority of the worldwide modern Olympic movement.
The IOC organizes the modern Olympic Games and Youth Olympic Games, held in summer and winter, every four years. The International Olympic Committee has formally opened its 145 million Swiss francs ($145 million) new headquarters exactly 125 years after the Olympic Games was revived. A ceremony in the lakeside grounds of Olympic House in Lausanne including playing of John Lennon’s song Imagine.