Original: The International Olympic Committee (IOC) is an international corporation based in Lausanne, Switzerland, created by Pierre de Coubertin on 23 June 1894 with Demetrios Vikelas as its first president.
Simplified: The International Olympic Committee is an organization based in Lausanne, Switzerland, created by Pierre de Coubertin and Demetrios Vikelas on June 23 1894 to reinstate the Ancient Olympic Games held in Greece between 776 BC to 396 AD.