2024-05-10T07:52:42-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2022-07-01 861043201 DOWNTOWN TEMPE FOUNDATION DOWN 4803556060 1 W RIO SALADO PARKWAY TEMPE AZ 85281 LORI FOSTER EXECUTIVE DIRECTOR/PRESIDENT 4803556060 2024-05-08 1 LORI FOSTER 999009999 1 JACQUELINE ECKMAN P01300648 6022662248 2024-05-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LORI FOSTER 1 W RIO SALADO PARKWAY TEMPE AZ 85281 1029067 0 X WWW.DOWNTOWNTEMPE.COM X 2009 AZ TO CURATE DIVERSE AND IMPACTFUL EXPERIENCES THAT CULTIVATE COMMUNITY ENGAGEMENT. 7 7 0 300 0 0 200778 353953 676141 671141 0 0 0 3973 876919 1029067 0 0 0 0 0 0 0 0 0 820022 976601 820022 976601 56897 52466 5500 19043 61390 22467 -55890 -3424 DOWNTOWN TEMPE FOUNDATION EXISTS TO CURATE DIVERSE AND IMPACTFUL EXPERIENCES THAT CULTIVATE COMMUNITY ENGAGEMENT. 0 0 926829 675114 THE FOUNDATION PRODUCES LARGE SCALE EVENTS THAT SHOWCASE DOWNTOWN TEMPE AND HOPEFULLY GENERATE SALES FOR MERCHANTS, CREATE A SENSE OF COMMUNITY, AND BUILD A CONNECTION FOR FAMILIES AND VISITORS TO DOWNTOWN. EVENTS ARE ALWAYS FREE TO ATTEND AND PRESENT A DIVERSE RANGE OF CULTURAL COMPONENTS. 926829 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 66 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X LORI FOSTER 4803556060 1 W RIO SALADO PARKWAY TEMPE AZ 85281 CHARLES GOFFNETT CHAIR 1.00 1.00 X X 0 0 0 BARBARA LLOYD VICE CHAIR 1.00 0.00 X X 0 0 0 BILL EPPS TREASURER 1.00 0.00 X X 0 0 0 ROBIN ARREDONDO-SAVAGE DIRECTOR 1.00 0.00 X 0 0 0 LINDA SPEARS DIRECTOR 1.00 0.00 X 0 0 0 ROBIN TRICK DIRECTOR 1.00 0.00 X 0 0 0 KATE BORDERS EXECUTIVE DIRECTOR/PRESIDENT (THRU 6/14) 10.00 40.00 X 0 191220 24379 0 191220 24379 1 0 1 0 0 353953 279 353953 EVENT REVENUE 711300 671141 671141 671141 OTHER INCOME 900099 3973 3973 3973 1029067 675114 0 0 36103 16001 20102 6249 6249 35176 35176 9680 5347 4333 23363 23363 1974 1974 22000 22000 PRODUCTION & OPERATIONS 676046 676046 PROGRAMMING 165986 165986 MISCELLANEOUS EXPENSES 24 24 976601 926829 49772 0 17500 5500 1543 5500 19043 42879 22467 18511 0 61390 22467 X -55890 -3424 -55890 -3424 5500 19043 52466 0 X 0 0 0 X 38208 200778 353953 592939 957039 822011 71373 676141 671141 3197705 957039 822011 109581 876919 1025094 3790644 0 0 0 3790644 3973 3973 957039 822011 109581 876919 1029067 3794617 0.99900 1.00000 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 3,973. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 KATE BORDERS EXECUTIVE DIRECTOR/PRESIDENT (THRU 6 0 191220 0 0 0 0 0 7649 0 16730 0 215599 0 0 PART I, LINE 3 THE RELATED ORGANIZATION, DOWNTOWN TEMPE AUTHORITY, PAYS THE COMPENSATION FOR THE EXECUTIVE DIRECTOR/PRESIDENT. THE RELATED ORGANIZATION CHECKS THE FOLLOWING BOXES ON THEIR FORM 990, SCHEDULE J: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 1A THE BOARD MAY APPOINT AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, CONSISTING OF THE CHAIR, PRESIDENT, SECRETARY AND TREASURER OF THE CORPORATION. THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY AND RESPONSIBILITY OF EXERCISING THE POWER AND DUTIES OF THE BOARD OF DIRECTORS, IN ACCORDANCE WITH THE POLICIES ESTABLISHED BY THE BOARD OF DIRECTORS, BETWEEN MEETINGS OF THAT BOARD. THE EXECUTIVE COMMITTEE MAY BE CONVENED BY THE CHAIR, PRESIDENT, SECRETARY OR TREASURER AT ANY TIME ON ANY TYPE OF NOTICE. ONE-HALF (1/2) OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM AND THE CONCURRENCE OF THE MAJORITY OF THOSE PRESENT SHALL BE SUFFICIENT TO CONDUCT THE BUSINESS OF THE EXECUTIVE COMMITTEE. MEETINGS OF THE EXECUTIVE COMMITTEE SHALL BE OPEN TO ALL MEMBERS OF THE BOARD WHO SHALL BE ENTITLED TO SPEAK AT ANY EXECUTIVE COMMITTEE MEETING WHICH THEY ATTEND. THE EXECUTIVE COMMITTEE SHALL KEEP MINUTES OF ALL MEETINGS, AND ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REVIEWED AND, WHENEVER POSSIBLE, RATIFIED BY THE BOARD OF DIRECTORS AT ITS NEXT MEETING. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT OUR ANNUAL MEETING BOARD MEMBERS ARE ASKED TO DISCLOSE ANY AND ALL CONFLICT BY CONFIRMING SUCH IN A WRITTEN DOCUMENT THAT IS KEPT WITHIN THE ORGANIZATIONS FILES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR/PRESIDENT IS EMPLOYED BY THE RELATED ORGANIZATION, DOWNTOWN TEMPE AUTHORITY. THE COMPENSATION PROCEDURES THAT THE RELATED ORGANIZATION PERFORMS FOR THE EXECUTIVE DIRECTOR/PESIDENT IS AS FOLLOWS: THE EXECUTIVE DIRECTORS/PRESIDENT'S PERFORMANCE IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE BASED ON EXECUTION OF PREDETERMINED GOALS. SALARY IS REVIEWED BASED ON INDUSTRY NATIONWIDE STANDARDS. THE ORGANIZATION PURCHASES AN ANNUAL SALARY SURVEY THAT IS EXECUTED BY A NATIONAL ORGANIZATION AND INCLUDES REGIONAL COMPARISONS FOR JOB DESCRIPTIONS WITHIN THIS INDUSTRY. ALL KEY EMPLOYEES SALARIES ARE REVIEWED BASED ON THIS STANDARD AND THE SURVEY IS SHARED WITH THE EMPLOYEES. THIS PROCESS WAS LAST COMPLETED IN 2023. COMPENSATION DECISIONS ARE DOCUMENTED IN EACH EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. DOWNTOWN TEMPE AUTHORITY INC 1 W RIO SALADO PARKWAY TEMPE AZ 85281 860745130 COMMUNITY IMPACT AZ 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0