2025-12-08T09:31:37-06:00 2025-03-31 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2024-04-01 860902767 VALLEY OF THE SUN BOWL FOUNDATION VALL 4803500900 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 ERIK MOSES EXECUTIVE DIRECTOR 4803500900 2025-11-21 1 1 REBECCA DETTMANN CPA P01408585 3037795710 2025-11-21 2024 2025-03-06 01:10:19Z RATE BOWL ERIK MOSES 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 4934124 0 X WWW.FIESTASPORTSFOUNDATION.ORG X 1997 AZ FOSTERING A CULTURE OF COMMUNITY THROUGH THE ANNUAL RATE BOWL AND RELATED EVENTS. 29 28 0 500 66540 59584 0 0 5251287 4884125 0 0 0 49999 5251287 4934124 0 0 0 0 728755 755080 0 0 0 3465018 3747477 4193773 4502557 1057514 431567 747779 925902 15570116 15316672 -14822337 -14390770 X VALLEY OF THE SUN BOWL FOUNDATION IS COMMITTED TO FOSTERING A CULTURE OF COMMUNITY INVOLVEMENT AND GIVING THROUGH THE ANNUAL RATE BOWL AND RELATED EVENTS. WE SERVE AS WELCOMING HOSTS, CREATE LIFELONG MEMORIES, PROMOTE ARIZONA, AND ENABLE MEANINGFUL CONTRIBUTIONS TO SOCIETY. 0 0 4039236 0 4867584 THE VALLEY OF THE SUN BOWL FOUNDATION'S MISSION IS TO BE A WORLD-CLASS COMMUNITY ORGANIZATION DEDICATED TO PROVIDING A PREMIER COLLEGE FOOTBALL BOWL EXPERIENCE AND RELATED GAME DAY EVENTS THAT SERVE AS ECONOMIC DRIVERS FOR ARIZONA AND PROVIDE CHARITABLE RESOURCES FOR OUR COMMUNITY. OUR VISION IS TO BE ARIZONA'S LEADING ORGANIZATION IN CREATING UNFORGETTABLE EXPERIENCES THROUGH WORLD-CLASS SPORTING EVENTS, UNPARALLELED HOSPITALITY AND LIFE-CHANGING COMMUNITY IMPACT, FOCUSED ON PILLARS OF YOUTH, SPORTS AND EDUCATION. THE VALLEY OF THE SUN BOWL FOUNDATION ANNUALLY STAGES THE RATE BOWL, WHICH MATCHES TEAMS FROM THE BIG TEN AND THE BIG 12 CONFERENCES (OR MOUNTAIN WEST IF EITHER CONFERENCE CANNOT PROVIDE A TEAM). THE GAME IS PLAYED AT CHASE FIELD IN PHOENIX, ARIZONA. THE 35TH ANNUAL GAME WAS PLAYED ON DECEMBER 26, 2024. RUTGERS DEFEATED KANSAS STATE 44-41 IN FRONT OF ALMOST 22,000 ATTENDEES. AN ESTIMATED 500 VOLUNTEERS CONTRIBUTE APPROXIMATELY 2,500 HOURS OF THEIR TIME AS COMMUNITY SERVICE TO HELP PUT ON THE BOWL AND RELATED GAME DAY EVENTS.AS A NONPROFIT ORGANIZATION, WE BELIEVE IN THE IMPORTANCE OF FOSTERING A CULTURE OF COMMUNITY OUTREACH AND SERVICE. OVER THE PAST 15 YEARS, IT IS ESTIMATED THAT THE VALLEY OF THE SUN BOWL AND ITS SURROUNDING EVENTS HAVE CONTRIBUTED TO GENERATING OVER $3 BILLION IN ECONOMIC IMPACT FOR ARIZONA AND NEARLY $35 MILLION IN CHARITABLE GIVING THROUGH ITS CORPORATE AFFILIATE FIESTA EVENTS, INC. TO LOCAL ORGANIZATIONS AND EDUCATORS, THROUGH PROGRAMS LIKE WISHES FOR TEACHERS. 4039236 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 X 28 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 X BRYCE HANCOCK 4805176284 7135 E CAMELBACK ROAD SUITE 190 SCOTTSDALE AZ 85251 BRYCE HANCOCK TREASURER (THROUGH 3/25) 1.00 6.00 X X 0 163748 0 JUDY BERNAS CHAIR-ELECT 2.00 6.00 X X 0 0 0 RANDY NORTON CHAIR 2.00 6.00 X X 0 0 0 BRIAN BEDNAR DIRECTOR 1.00 4.00 X 0 0 0 JEFF BEYERSDORFER DIRECTOR (AS OF 4/24) 1.00 4.00 X 0 0 0 TIM BROWN DIRECTOR 2.00 6.00 X 0 0 0 GRAG BYRNE DIRECTOR (AS OF 4/24) 1.00 4.00 X 0 0 0 DAVE DORWARD DIRECTOR 1.00 4.00 X 0 0 0 ED ERHARDT DIRECTOR 1.00 4.00 X 0 0 0 MARK FAST DIRECTOR 1.00 4.00 X 0 0 0 JUDY FERREIRA DIRECTOR (AS OF 4/24) 1.00 4.00 X 0 0 0 DAN FILBY DIRECTOR (AS OF 4/24) 1.00 4.00 X 0 0 0 MARCHELLE FRANKLIN DIRECTOR 1.00 4.00 X 0 0 0 HARRY GAREWAL DIRECTOR 1.00 4.00 X 0 0 0 GARY HANSON DIRECTOR (AS OF 4/24) 1.00 4.00 X 0 0 0 JAMES HATFIELD DIRECTOR 1.00 4.00 X 0 0 0 TOM O'MALLEY DIRECTOR 1.00 4.00 X 0 0 0 RAMEY PERU DIRECTOR (AS OF 4/24) 1.00 4.00 X 0 0 0 JOHN RAWICZ DIRECTOR 1.00 4.00 X 0 0 0 DON REESE DIRECTOR 1.00 4.00 X 0 0 0 DAWN ROGERS DIRECTOR 1.00 4.00 X 0 0 0 RACHEL SACCO DIRECTOR 1.00 4.00 X 0 0 0 DENISE SEOMIN DIRECTOR 1.00 4.00 X 0 0 0 JEFF SMITH DIRECTOR (THROUGH 3/25) 1.00 4.00 X 0 0 0 GENE SMITH DIRECTOR 2.00 6.00 X 0 0 0 NICK SMITH DIRECTOR 2.00 6.00 X 0 0 0 BRENT STODDARD DIRECTOR 1.00 4.00 X 0 0 0 MIKE WILCOX DIRECTOR 1.00 4.00 X 0 0 0 GLENN WONG DIRECTOR 1.00 4.00 X 0 0 0 ERIK MOSES EXECUTIVE DIRECTOR/CEO 7.00 53.00 X 0 722093 39337 HOPE M SHARETT CHIEF LEGAL & STRATEGY OFFICER 5.00 50.00 X 0 281479 0 PETE VAZQUEZ VP OF FINANCE 10.00 40.00 X 0 178402 0 KRISTINA CHUMPOL CHIEF OF STAFF/VP OF COMM. INV 5.00 50.00 X 0 206450 12437 SCOTT LEIGHTMAN VP OF COMMUNICATIONS 5.00 45.00 X 0 185697 32284 DANIEL THOMAS NEWHART VP OF TICKETING 5.00 45.00 X 0 146767 11702 MICHAEL I IAQUINTA SENIOR VP OF CORP. PARTN. (THROUGH 3/25) 5.00 45.00 X 0 149932 2823 CHRIS MONTGOMERY SR. DIR OF VOLUNTEER ENGAGEMENT 5.00 35.00 X 0 129334 6393 CURTIS KRIZAN FORMER CFO (THROUGH 11/23) 5.00 35.00 X 0 113117 0 JOSE LUIS MORENO FORMER CMO (THROUGH 5/23) 5.00 35.00 X 0 103014 0 0 2380033 104976 0 1 1 0 WINDSTAR LINES INC PO BOX 786 1903 N US HWY 71 CARROLL IA 51401 TRANSPORTATION 153094 INPRODUCTION INC 4320 WINFIELD RD STE 200 WARRENVILLE IL 60555 EVENT PRODUCTION SERVICES 143977 IMAGE CRAFT LLC STE 15 3401 E BROADWAY RD PHOENIX AZ 85040 MARKETING DISPLAYS 123687 3 GAME REVENUE 711300 3591385 3591385 EVENT REVENUE 711300 1222700 1222700 ADVERTISING 541800 66540 66540 ACKNOWLEDGEMENTS 711300 3500 3500 4884125 MISCELLANEOUS 900099 49999 49999 49999 4934124 4867584 66540 0 210701 131878 78823 442052 276680 165372 27098 16961 10137 37188 23276 13912 38041 23810 14231 3840 3840 195325 195325 30767 30767 25800 25800 772 772 6617 6617 31504 31504 1798 1798 53869 33931 19938 UBIT 16463 16212 251 GAME EXPENSES 2751131 2747571 3560 ASF OVERHEAD ALLOCATION 404863 253404 151459 GAME PROMOTIONS/HOSPITA 213215 213215 11513 11513 4502557 4039236 463321 0 17973 633592 728118 281313 1688 4699 42905 36607 0 6298 747779 925902 1578764 94841 50 8700 13991302 15213131 15570116 15316672 X -14822337 -14390770 -14822337 -14390770 747779 925902 431567 0 X X 0 1 X 1 0 X 4045 3333440 3753539 3986393 4867584 15945001 32000 1228929 1288107 1249894 0 3798930 36045 4562369 5041646 5236287 4867584 19743931 0 30891 830871 883869 825507 745916 3317054 30891 830871 883869 825507 745916 3317054 16426877 909 4248 7823 12980 8869 6510 15000 59584 89963 909 13117 14333 15000 59584 102943 36954 4575486 5055979 5251287 4927168 19846874 0.82770 0.75650 0.00520 0.00300 X 0 0 0 0 0 0 X 4502557 20485868 4502557 20485868 375128 1000000 93782 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 42905 36607 6298 6298 DUE TO AFFILIATES 15213131 15213131 X 28887726 121198 23833199 23954397 4933329 795 795 4934124 25324211 121198 20701251 20822449 4501762 795 795 4502557 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES AND GENERALLY IS NOT SUBJECT TO INCOME TAX. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION RECOGNIZED NO LIABILITY FOR UNCERTAIN TAX POSITIONS AS OF MARCH 31, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOL REV FSF FOUNDATION - SEPARATE FILING ENTITY 20,230,922. CONSOL REV FEI FOUNDATION - SEPARATE FILING ENTITY 3,602,277. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS FROM REVENUE 795. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOL EXP FSF FOUNDATION - SEPARATE FILING ENTITY 14,891,212. CONSOL EXP FEI FOUNDATION - SEPARATE FILING ENTITY 5,810,039. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS FROM REVENUE 795. 1 0 0 0 1 0 1 0 0 ERIK MOSES EXECUTIVE DIRECTOR/CEO 0 562093 0 160000 0 0 0 39337 0 0 0 761430 0 0 HOPE M SHARETT CHIEF LEGAL & STRATEGY OFFICER 0 263979 0 17500 0 0 0 0 0 0 0 281479 0 0 KRISTINA CHUMPOL CHIEF OF STAFF/VP OF COMM. INV 0 141450 0 65000 0 0 0 10500 0 1937 0 218887 0 0 SCOTT LEIGHTMAN VP OF COMMUNICATIONS 0 167722 0 17975 0 0 0 12583 0 19701 0 217981 0 0 PETE VAZQUEZ VP OF FINANCE 0 168402 0 10000 0 0 0 0 0 0 0 178402 0 0 BRYCE HANCOCK TREASURER (THROUGH 3/25) 0 163748 0 0 0 0 0 0 0 0 0 163748 0 0 DANIEL THOMAS NEWHART VP OF TICKETING 0 123767 0 23000 0 0 0 6058 0 5644 0 158469 0 0 MICHAEL I IAQUINTA SENIOR VP OF CORP. PARTN. (THROUGH 3/25) 0 149932 0 0 0 0 0 0 0 2823 0 152755 0 0 CURTIS KRIZAN FORMER CFO (THROUGH 11/23) 0 0 0 0 0 113117 0 0 0 0 0 113117 0 0 JOSE LUIS MORENO FORMER CMO (THROUGH 5/23) 0 0 0 0 0 103014 0 0 0 0 0 103014 0 0 PART I, LINE 4A FIESTA SPORTS FOUNDATION (FSF) PAID A SEVERANCE TO JOSE MORENO IN THE AMOUNT OF $103,014 AND TO CURTIS KRIZAN IN THE AMOUNT OF $113,117, INCLUDED IN COLUMN B(III) IN PART II, DURING THE TAX YEAR. ALL AMOUNTS WERE INCLUDED IN TAXABLE WAGES FOR THE APPROPRIATE CALENDAR YEAR. PART I, LINE 5 THE FIESTA SPORTS FOUNDATION, RELATED ORGANIZATION, HAS A FORMAL BONUS PLAN BASED UPON ORGANIZATIONAL AND INDIVIDUAL GOALS. THESE GOALS MAY INCLUDE RESULTS CONTINGENT ON REVENUE OR NET INCOME OF THE FIESTA SPORTS FOUNDATION AND RELATED ORGANIZATIONS. BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS PRIOR TO PAYMENT. PART I, LINE 6 THE FIESTA SPORTS FOUNDATION, RELATED ORGANIZATION, HAS A FORMAL BONUS PLAN BASED UPON ORGANIZATIONAL AND INDIVIDUAL GOALS. THESE GOALS MAY INCLUDE RESULTS CONTINGENT ON REVENUE OR NET INCOME OF THE FIESTA SPORTS FOUNDATION AND RELATED ORGANIZATIONS. BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS PRIOR TO PAYMENT. SCHEDULE J, PART II FOR PAYROLL TAX PURPOSES, THE FIESTA SPORTS FOUNDATION (FSF) PAYS ALL EMPLOYEES OF FSF AND ITS RELATED ORGANIZATIONS: VALLEY OF THE SUN BOWL FOUNDATION, FIESTA EVENTS, INC. AND THE ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION. ALLOCATIONS OF OFFICER, KEY EMPLOYEE AND STAFF COMPENSATION ARE MADE IN ACCORDANCE WITH THE EMPLOYEES' AVERAGE TIME DEVOTED TO EACH OF THE ORGANIZATIONS. FORM 990, PART V, LINE 2A & 2B AND PART IX, COMP ALLOCATION UNDER OTHER EXP THE EMPLOYEES DEVOTING TIME TO THE FIESTA SPORTS FOUNDATION (FSF) AND ITS RELATED AFFILIATES (ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION (ACFCF), FIESTA EVENTS, INC (FEI), AND VALLEY OF THE SUN BOWL FOUNDATION (VSBF)) ARE ALL EMPLOYEES OF FSF FOR PAYROLL TAX PURPOSES. COSTS RELATED TO PERSONNEL ARE SHARED AMONGST ALL AFFILIATED ENTITIES AND ARE REPORTED ON PART IX ON LINES 5-10 AS PART OF THE ALLOCATION FROM FSF. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS DELEGATES SOME BOARD AUTHORITY TO AN EXECUTIVE COMMITTEE. THE PURPOSE OF THE EXECUTIVE COMMITTEE SHALL BE TO MAKE ROUTINE BUSINESS DECISIONS FOR AND ON BEHALF OF THE BOARD OF DIRECTORS AND THE CORPORATION. ALL MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE DIRECTORS. THE EXECUTIVE COMMITTEE SHALL NOT BE AUTHORIZED, WITHOUT THE APPROVAL OF A MAJORITY VOTE OF THE DIRECTORS PRESENT, IN PERSON OR BY PROXY, AT A DULY CONVENED MEETING AT WHICH A QUORUM IS PRESENT, TO TAKE ANY ACTIONS THAT REQUIRE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE CORPORATION. THE EXECUTIVE COMMITTEE SHALL REPORT ITS BUSINESS DECISIONS TO THE DIRECTORS AT THE NEXT REGULARLY SCHEDULED OR SPECIAL MEETING OF THE BOARD OF DIRECTORS, AS THE CASE MAY BE. SUBJECT TO A MAJORITY VOTE OF THE DIRECTORS PRESENT, IN PERSON OR BY PROXY, AT A DULY CONVENED MEETING AT WHICH A QUORUM IS PRESENT AS SET FORTH IN THE BYLAWS, THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL INCLUDE THE CHAIR, IMMEDIATE PAST CHAIR, CHAIR-ELECT, TREASURER, SECRETARY, THE CHAIRS OF THE NOMINATING AND GOVERNANCE COMMITTEE AND AUDIT & COMPLIANCE COMMITTEE, AND TWO OTHER DIRECTORS NOMINATED BY THE CHAIR AND APPROVED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. THE CHAIR SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE. ALL OTHER ASPECTS OF THE FUNCTION AND PROCEDURES OF THE EXECUTIVE COMMITTEE SHALL BE DECIDED BY THE BOARD OF DIRECTORS. ADDITIONALLY, EXCEPT AS MAY BE OTHERWISE APPROVED BY THE BOARD OF DIRECTORS FROM TIME TO TIME, ALL EXPENSE REIMBURSEMENTS OF THE EXECUTIVE DIRECTOR ARE REVIEWED BY THE CFO FOR POLICY ADHERENCE AND REVIEWED AND APPROVED MONTHLY BY AT LEAST TWO MEMBERS OF THE EXECUTIVE COMMITTEE. EXPENSE REPORTS SUBMITTED BY BOARD MEMBERS AND EXECUTIVE COMMITTEE MEMBERS WILL BE APPROVED BY THE CFO, FOR POLICY ADHERENCE, AND AT LEAST TWO MEMBERS OF THE EXECUTIVE COMMITTEE OR BOARD (AS DESIGNATED BY THE BOARD) WHO DID NOT PARTICIPATE IN THE ACTIVITIES TO BE REIMBURSED. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED AND REVIEWED BY THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTING FIRM FOLLOWED BY MANAGEMENT'S FINAL REVIEW. ONCE THE RETURN IS COMPLETED AND REVIEWED, THE FORM 990 IS PROVIDED TO THE AUDIT AND COMPLIANCE COMMITTEE FOR THEIR REVIEW. AFTER THE COMMITTEES' REVIEW, THE RETURN IS PRESENTED TO THE BOARD OF DIRECTORS. UPON REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION ANNUALLY REQUIRES ALL MEMBERS OF THE BOARD OF DIRECTORS TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE AND SIGN THE CONFLICT OF INTEREST POLICY. COPIES OF ALL CONFLICT OF INTEREST STATEMENTS ARE PROVIDED TO THE AUDIT COMMITTEE. PROCEDURES ALSO INCLUDE REVIEWING TRANSACTIONS AGAINST BOTH THE FORMS SUBMITTED AND ALL KNOWN BUSINESS ASSOCIATIONS OF OUR BOARD MEMBERS. EMPLOYEES COMPLETE THE DISCLOSURE ANNUALLY. (I) THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (II) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (III) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS IN ACCORDANCE WITH THE BYLAWS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE FOUNDATION AND SHALL MAKE THEIR DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT PAY COMPENSATION. ALL COMPENSATION IS DETERMINED AND PAID BY THE RELATED ORGANIZATION, THE FIESTA SPORTS FOUNDATION AND THE AMOUNT FOR SERVICES TO THE FILING ORGANIZATION IS REPORTED ON LINES 5-10 ON PART IX. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES PUBLIC ITS GOVERNING DOCUMENTS, INCLUDING ITS BYLAWS AND 501(C)(3) DETERMINATION LETTERS AS WELL AS KEY POLICIES SUCH AS THE CODE OF CONDUCT, CODE OF ETHICS, CONFLICT OF INTEREST, EXPENSE REIMBURSEMENT, POLITICAL ACTIVITY, RECORD RETENTION AND DESTRUCTION, TICKET POLICY, AND WHISTLEBLOWER PROTECTION. ALL DOCUMENTS ARE AVAILABLE FOR PUBLIC VIEWING AT HTTPS://WWW.FIESTASPORTSFOUNDATION.ORG/SPORTS/2019/10/24/GOVERNANCE. THE ORGANIZATION DOES NOT MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION A, LINE 1B: FIESTA SPORTS FOUNDATION (FSF) AND ITS RELATED AFFILIATES (ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION (ACFCF), FIESTA EVENTS, INC (FEI), AND VALLEY OF THE SUN BOWL FOUNDATION (VSBF) HAVE A COMMON BOARD OF DIRECTORS. A BOARD MEMBER IS CONSIDERED INDEPENDENT IF THEY RECEIVE NO COMPENSATION AS AN EMPLOYEE AND HAVE NO REPORTABLE TRANSACTIONS ON SCHEDULE L. IF A BOARD MEMEBER IS CONSIDERED NOT INDEPENDENT FOR ONE ORGANIZATION, THEY ARE CONSIDERED NOT INDEPENDENT FOR ALL RELATED ORGANIZATIONS. UNDER THE POLICIES AND PROCEDURES OF THE ORGANIZATION, BOARD MEMBERS MUST RECUSE THEMSELVES FROM THE DISCUSSION AND VOTE OF ANY RELATED TRANSACTION. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION 7135 E CAMELBACK RD SUITE 190 SCOTTSDALE AZ 85251 203705626 COLLEGE BOWL AZ 501(C)(3) LINE 10 N/A 0 FIESTA EVENTS INC 7135 E CAMELBACK RD SUITE 190 SCOTTSDALE AZ 85251 860666998 SPORTS EVENT AZ 501(C)(3) LINE 10 N/A 0 FIESTA SPORTS FOUNDATION 7135 E CAMELBACK RD SUITE 190 SCOTTSDALE AZ 85251 860253821 COLLEGE BOWL AZ 501(C)(3) LINE 10 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 FIESTA EVENTS INC 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 860666998 X 0 0 0 5037103 5037103 401855 100464 0 0 0 THE ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 203705626 X 0 0 0 0 0 0 0 0 0 0 FIESTA SPORTS FOUNDATION 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 860253821 X 0 0 0 15448765 15448765 922438 230610 0 0 0