2024-05-10T07:52:15-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2022-07-01 860745130 DOWNTOWN TEMPE AUTHORITY INC DOWN 4803556060 1 W RIO SALADO PARKWAY TEMPE AZ 85281 LORI FOSTER INTERIM EXEC 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 2933931 0 X WWW.DOWNTOWNTEMPE.COM X 1993 AZ THE DOWNTOWN TEMPE AUTHORITY (DTA) SHALL ACT AS A VEHICLE TO POSITIVELY IMPACT AND DRIVE THE FUTURE OF OUR CITY'S URBAN CENTER AND BE A STEWARD OF THE EXISTING ASSETS AND RESOURCES. 15 15 62 20 0 0 424609 31775 2617422 2888070 0 0 0 14086 3042031 2933931 0 89200 0 0 915676 1083929 0 0 0 1644141 1676697 2559817 2849826 482214 84105 3491952 3225091 2620477 2269511 871475 955580 THE DTA SHALL ACT AS A VEHICLE TO POSITIVELY IMPACT AND DRIVE THE FUTURE OF OUR CITY'S URBAN CENTER AND BE A STEWARD OF THE EXISTING ASSETS AND RESOURCES. 0 0 DTA'S MAIN FOCUSES INCLUDE: - KEEPING DOWNTOWN CLEAN - KEEPING DOWNTOWN SAFE - MARKETING DOWNTOWN AND PROMOTING BUSINESSES - PRODUCING EVENTS AND SPACE BEAUTIFICATION - MANAGING PARKING WITHIN DOWNTOWN 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 44 0 62 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X LORI FOSTER 4803556060 1 W RIO SALADO PARKWAY TEMPE AZ 85281 NANCY BAKER CHAIR 1.00 0.00 X X 0 0 0 CHARLES GOFFNETT PAST CHAIR 1.00 0.00 X X 0 0 0 ERIC SATHER VICE CHAIR 1.00 0.00 X X 0 0 0 JULIAN WRIGHT TREASURER 1.00 0.00 X X 0 0 0 ANDREW CHING DIRECTOR (THRU 6/1) 1.00 0.00 X 0 0 0 DANA GILLIS DIRECTOR 1.00 0.00 X 0 0 0 JAMES NEAL DIRECTOR 1.00 0.00 X 0 0 0 JARETT BROCK DIRECTOR 1.00 0.00 X 0 0 0 ROBIN TRICK DIRECTOR (THRU 7/1) 1.00 0.00 X 0 0 0 CHARLES HUELLMANTEL DIRECTOR 1.00 0.00 X 0 0 0 RICHARD LASEK DIRECTOR (12/10) 1.00 0.00 X 0 0 0 DILSHAD MYINDT DIRECTOR (6/30) 1.00 0.00 X 0 0 0 TIM GOMEZ DIRECTOR 1.00 0.00 X 0 0 0 CURT KREMER DIRECTOR 1.00 0.00 X 0 0 0 STACEY TORRY DIRECTOR (THRU 6/30) 1.00 0.00 X 0 0 0 KATE BORDERS EXECUTIVE DIRECTOR/PRESIDENT (THRU 6/14) 40.00 10.00 X 191220 0 24379 ADAM JONES DEPUTY DIRECTOR 40.00 0.00 X 150110 0 33538 341330 0 57917 2 0 1 0 BLOCK BY BLOCK 640 S 4TH STREET SUITE 110 LOUISVILLE KY 40202 SECURITY SERVICES 724708 IPS GROUP 7737 KENAMAR COURT SAN DIEGO CA 92121 PARKING METER SERVICE 127586 CHRISTMAS LIGHT DECORATORS 3414 N HIGLEY RD MESA AZ 85215 DECORATING SERVICES 102078 3 31775 31775 ASSESSMENT REVENUE 561000 1507939 1507939 PARKING MANAGEMENT FEES 812930 646013 646013 PARTNERSHIP REVENUE 900099 573444 573444 SPECIAL PROGRAM REVENUE 900099 160674 160674 2888070 OTHER INCOME 900099 14086 14086 14086 2933931 2902156 0 0 89200 215599 682262 16573 90627 78868 90 52620 10618 55366 116134 63073 50619 30553 159833 SAFETY PATROL 563082 PROGRAM ENTERTAINMENT, 242164 CLEAN & BEAUTIFICATION 222516 PLACEMAKING 83867 26162 2849826 1025393 877902 2062 50702 548589 243084 336058 305505 2128439 1990982 3491952 3225091 155192 68124 6653 237339 87339 2221293 2114048 2620477 2269511 X 821475 955580 50000 0 871475 955580 3491952 3225091 84105 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 408186 109481 298705 140403 133603 6800 305505 ASSETS HELD FOR OTHERS 1477269 LEASE DEPOSITS 10534 DUE FROM RELATED ENTITIES 43748 RIGHT-OF-USE ASSET - OPERATING 459431 1990982 LEASE INCENTIVE LIABILITY 636779 ASSETS HELD FOR OTHERS 1477269 2114048 X 2933931 0 2933931 0 2933931 2849826 0 2849826 0 2849826 PART X, LINE 2: DOWNTOWN TEMPE AUTHORITY, INC. IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME AND ARIZONA INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(6). HOWEVER, THE ORGANIZATION REMAINS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. 0 DOWNTOWN TEMPE FOUNDATION 1 W RIO SALADO PARKWAY TEMPE AZ 85281 861043201 501(C)(3) 88960 0 SECOND SUNDAYS AND PARK AFTER DARK REVENUE 1 X X X X 0 0 0 KATE BORDERS EXECUTIVE DIRECTOR/PRESIDENT (THRU 6 176220 0 15000 0 0 0 7649 0 16730 0 215599 0 0 0 ADAM JONES DEPUTY DIRECTOR 150110 0 0 0 0 0 6004 0 27534 0 183648 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A VOTING MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BOARD CHAIR, THE VICE CHAIR, THE IMMEDIATE PAST CHAIR, AND THE TREASURER. THE BOARD CHAIR, WITH THE APPROVAL OF THE FULL BOARD, SHALL SELECT THE EXECUTIVE COMMITTEE NOMINEES. THE SECRETARY SHALL SERVE AS AN ADVISOR TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE ALL OF THE POWERS OF THE BOARD OF DIRECTORS GRANTED HEREIN, EXCEPT AS LIMITED BY LAW AND/OR BY RESOLUTION OF THE BOARD, AND EXCEPT THE POWER TO (I) FILL VACANCIES ON THE BOARD, (II) ADOPT OR AMEND THE BUDGET, (III) TO APPOINT OR DISMISS A PRESIDENT/EXECUTIVE DIRECTOR, OR (IV) ADOPT, AMEND OR REPEAL THE ARTICLES OR THESE BYLAWS. THE EXECUTIVE COMMITTEE QUORUM SHALL CONSIST OF THREE (3) MEMBERS AND NO ACTION MAY BE TAKEN ABSENT A QUORUM. FORM 990, PART VI, SECTION A, LINE 6 VOTING MEMBERSHIP IS AVAILABLE TO, AND SHALL BE AUTOMATICALLY CONFERRED TO, ON A ROLLING BASIS, ALL PERSONS WHO OWN REAL PROPERTY WITHIN THE BOUNDARIES OF THE DISTRICT. FOR THE AVOIDANCE OF DOUBT, AT SUCH TIME AS A PERSON NO LONGER OWNS REAL PROPERTY WITHIN THE BOUNDARIES OF THE DISTRICT, THEY SHALL IMMEDIATELY AND AUTOMATICALLY CEASE TO BE A MEMBER OF THE CORPORATION. THE TERM "PERSONS" INCLUDE INDIVIDUALS, CORPORATIONS, PARTNERSHIPS, LIMITED LIABILITY COMPANIES, ORGANIZATIONS, OTHER TYPES OF ENTITIES, AND TRUSTS. EACH MEMBER IS ENTITLED TO ONE VOTE ON ALL MATTERS WHICH MEMBERS ARE ENTITLED TO VOTE UPON AS PROVIDED HEREIN OR BY APPLICABLE LAW. NOTWITHSTANDING THE FOREGOING, NO MEMBER WHO IS DELINQUENT IN THEIR REAL PROPERTY TAXES OR ASSESSMENTS WITH RESPECT TO REAL PROPERTY LOCATED WITHIN THE BOUNDARIES OF THE DISTRICT SHALL BE ENTITLED TO VOTE UPON ANY MATTER BEFORE THE MEMBERS UNTIL SUCH TIME AS THEY HAVE CURED SUCH DELINQUENCY. NON-VOTING MEMBERSHIP IS AVAILABLE TO ALL PERSONS AND ENTITIES AS THE CORPORATION'S BOARD OF DIRECTORS (THE "BOARD OF DIRECTORS OR "BOARD") MAY DETERMINE FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS ELECT THE MEMBERS OF THE GOVERNING BOARD. 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 CONFLICTS BY CONFIRMING SUCH IN A WRITTEN DOCUMENT THAT IS KEPT WITHIN THE ORGANIZATION'S FILES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUITVE 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 2021. 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 TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. DOWNTOWN TEMPE FOUNDATION 1 W RIO SALADO PARKWAY TEMPE AZ 852812834 861043201 PROMOTE DOWNTOWN TEMPE AZ 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 DOWNTOWN TEMPE FOUNDATION B 88960 FMV