2025-02-06T15:46:59-06:00 2024-03-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-04-01 860253821 THE ARIZONA SPORTS FOUNDATION ARIZ 4803500900 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 ERIK MOSES EXECUTIVE DIRECTOR/CEO 4803500900 2025-02-03 1 1 BECKY DETTMANN CPA P01408585 3037795710 2025-02-03 2023 2025-03-06 01:10:19Z FIESTA BOWL ERIK MOSES 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 32440221 0 X WWW.FIESTABOWL.ORG X 1972 AZ SEE SCHEDULE O. 27 27 71 3000 38782 36427 500 97279 27481849 13238483 787264 941528 354913 119385 28624526 14396675 0 0 0 0 3643770 3720035 0 0 0 18394912 9795468 22038682 13515503 6585844 881172 85604521 92530013 1546469 4919183 84058052 87610830 X SEE SCHEDULE O. 0 0 11423796 0 11655000 THE ARIZONA SPORTS 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. AS A NONPROFIT ORGANIZATION, WE BELIEVE IN THE IMPORTANCE OF FOSTERING A CULTURE OF COMMUNITY OUTREACH AND SERVICE. IT IS ESTIMATED THAT THE FIESTA BOWL AND ITS SURROUNDING EVENTS HAVE GENERATED OVER $3 BILLION FOR THE ARIZONA ECONOMY OVER THE PAST 14 YEARS. THE ARIZONA SPORTS FOUNDATION ANNUALLY STAGES THE FIESTA BOWL, WHICH IS PART OF THE COLLEGE FOOTBALL PLAYOFF (CFP) SYSTEM. THE GAME IS PLAYED IN STATE FARM STADIUM IN GLENDALE, ARIZONA. [CONTINUED ON SCHEDULE O]THE 53RD ANNUAL FIESTA BOWL WAS PLAYED ON JANUARY 1, 2024. OREGON DEFEATED LIBERTY 45-6. AN ESTIMATED 3,000 VOLUNTEERS CONTRIBUTE APPROXIMATELY 15,000 HOURS OF THEIR TIME AS COMMUNITY SERVICE TO HELP PUT ON THE BOWL AND RELATED GAME DAY EVENTS. 11423796 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 180 0 1 71 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X PETE VAZQUEZ 4805176284 7135 E CAMELBACK RD SUITE 190 SCOTTSDALE AZ 85251 PATRICK BARKLEY CHAIR EMERITUS 2.00 3.00 X X 0 0 0 JUDY BERNAS CHAIR-ELECT 2.00 3.00 X X 0 0 0 RANDY NORTON CHAIR 2.00 3.00 X X 0 0 0 BRYCE HANCOCK TREASURER 2.00 3.00 X X 0 0 0 KELLY MERO SECRETARY 2.00 3.00 X X 0 0 0 RAY ARTIGUE DIRECTOR 2.00 3.00 X 0 0 0 BRIAN BEDNAR DIRECTOR 2.00 3.00 X 0 0 0 TIM BROWN DIRECTOR 2.00 3.00 X 0 0 0 DAVE DORWARD DIRECTOR 2.00 3.00 X 0 0 0 ED ERHARDT DIRECTOR 2.00 3.00 X 0 0 0 MARK FAST DIRECTOR 2.00 3.00 X 0 0 0 MARCHELLE FRANKLIN DIRECTOR 2.00 3.00 X 0 0 0 HARRY GREWAL DIRECTOR 2.00 3.00 X 0 0 0 GARY HANSON DIRECTOR 2.00 3.00 X 0 0 0 JAMES HATFIELD DIRECTOR 2.00 3.00 X 0 0 0 TOM O'MALLEY DIRECTOR 2.00 3.00 X 0 0 0 JOHN RAWICZ DIRECTOR 2.00 3.00 X 0 0 0 DON REESE DIRECTOR 2.00 3.00 X 0 0 0 DAWN ROGERS DIRECTOR 2.00 3.00 X 0 0 0 RACHEL SACCO DIRECTOR 2.00 3.00 X 0 0 0 DENISE SEOMIN DIRECTOR 2.00 3.00 X 0 0 0 GENE SMITH DIRECTOR 2.00 3.00 X 0 0 0 NICK SMITH DIRECTOR 2.00 3.00 X 0 0 0 JEFF SMITH DIRECTOR 2.00 3.00 X 0 0 0 BRENT STODDARD DIRECTOR 2.00 3.00 X 0 0 0 MIKE WILCOX DIRECTOR 2.00 3.00 X 0 0 0 GLENN WONG DIRECTOR 2.00 3.00 X 0 0 0 ERIK MOSES EXECUTIVE DIRECTOR/CEO 30.00 10.00 X 614274 0 4941 JOSE MORENO CHIEF MARKETING OFFICER (THRU 5/23) 30.00 10.00 X 383122 0 17120 CURT KRIZAN CHIEF FINANCIAL OFFICER (THRU 11/23) 30.00 10.00 X 386748 0 37935 BOB WHITEHOUSE CHIEF OPERATING OFFICER (THRU 6/23) 30.00 10.00 X 208368 0 10322 SCOTT LEIGHTMAN SR. DIRECTOR OF COMMUNICATION 30.00 10.00 X 203079 0 18114 ROSEMARY JAMES CONTROLLER (THRU 10/23) 30.00 10.00 X 138554 0 16019 EMILY HOLDEN SENIOR DIRECTOR OF GAME & EVENT OPERATIONS 25.00 15.00 X 117711 0 12873 KRISTINA CHUMPOL CHIEF OF STAFF/VP OF COMM. INV 30.00 10.00 X 154344 0 19740 ANTHONY ECON PREMIUM SALES MANAGER 30.00 10.00 X 155281 0 9229 MICHAEL NEALY FORMER EXEC. DIRECTOR (THRU 3/22) 0.00 0.00 X 242307 0 8687 2603788 0 154980 15 1 1 0 IMAGE CRAFT LLC 3401 E BROADWAY RD STE 15 PHOENIX AZ 85040 WRAPPING BUSES, PRINTING AND SIGNAGE 508335 LANETERRALEVER LLC 733 W MCDOWELL ROAD PHOENIX AZ 85007 MARKETING SERVICES 427890 ANACHEL COMMUNICATIONS INC 6032 E WEST MIRAMAR DR TUCSON AZ 85715 BRAND AND COMMUNICATIONS 293522 AMERICAN EXPLORER 1701 E ELWOOD STREET PHOENIX AZ 85040 BUS TRANSPORTATION 245869 JML COMMUNICATIONS INC 8040 E MCDOWELL RD SCOTTSDALE AZ 85257 IT SERVICES 160195 6 97279 96279 97279 GAME REVENUE 711300 11478335 11478335 EVENT REVENUE 711130 1550483 1550483 ACKNOWLEDGEMENTS 711300 176665 176665 ADVERTISING 541800 33000 33000 13238483 1268256 5782 1262474 86995 86995 17716818 18043546 -326728 -326728 -326728 MISCELLANEOUS 711300 32390 32390 32390 14396675 11655000 38782 2605614 1370370 305517 1064853 1595683 1595683 344559 287616 56943 198222 157915 40307 211201 165159 46042 158113 123644 34469 67980 53160 14820 54079 54079 300490 234983 65507 328093 328093 90264 70586 19678 174220 136240 37980 290760 227374 63386 289274 226212 63062 181254 141741 39513 7685 7685 286586 224110 62476 230091 230091 UBIT 9589 9589 GAME EXPENSES 7052315 6832915 219400 PROMOTIONS&HOSPITALITY 587747 559403 28344 DUES & SUBSCRIPTIONS 303003 212970 90033 -616075 -459525 -156550 13515503 11423796 2091707 0 541505 1287024 6854850 7643523 654953 2727367 1400000 1400000 161090 186155 7958803 5776808 2489651 2181995 19712185 23372692 1201312 1155065 52588975 52576192 85604521 92530013 1207888 4701469 338581 217714 1546469 4919183 X 84058052 87610830 84058052 87610830 85604521 92530013 881172 2671606 0 X X 0 1 X 1 0 X 4100 500 97279 101879 16714693 7505197 11903082 25195514 11655000 72973486 1878924 1378742 1761674 2255835 1550483 8825658 18593617 8883939 13668856 27451849 13302762 81901023 0 1062500 1123142 1080709 1592725 1259890 6118966 1062500 1123142 1080709 1592725 1259890 6118966 75782057 774529 507609 1188269 1433496 1349469 5253372 31647 8462 18225 31544 36427 126305 806176 516071 1206494 1465040 1385896 5379677 41900 57082 32390 131372 19399793 9400010 14917250 28973971 14721048 87412072 0.86700 0.87080 0.06150 0.05440 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 41,900. 2022 AMOUNT: $ 57,082. 2023 AMOUNT: $ 32,390. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X 0 0 0 0 0 0 13515503 9355655 13515503 9355655 825775 617783 206444 154446 0 0 0 0 448841 662534 666376 617783 2395534 3593301 112210 165634 166594 154446 598884 898326 116170 116170 5579678 3852294 1727384 419420 281145 138275 1834739 1634573 200166 8796 8796 0 2181995 DUE FROM AFFILIATES 53218663 FIN STMT DISCOUNT ON RELATED PARTY LONG-TERM RECEIVABLE -642471 52576192 X PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUES AND GENERALLY IS NOT SUBJECT TO INCOME TAX. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION RECOGNIZED NO LIABILITY FOR UNCERTAIN TAX POSITIONS AS OF MARCH 31, 2024 AND 2023. X X X X 1 1 0 1 1 1 1 0 0 ERIK MOSES EXECUTIVE DIRECTOR/CEO 542765 0 53333 0 18176 0 4410 0 531 0 619215 0 0 0 CURT KRIZAN CHIEF FINANCIAL OFFICER (THRU 11/23) 283347 0 102950 0 451 0 17346 0 20589 0 424683 0 0 0 JOSE MORENO CHIEF MARKETING OFFICER (THRU 5/23) 101444 0 121126 0 160552 0 7189 0 9931 0 400242 0 0 0 MICHAEL NEALY FORMER EXEC. DIRECTOR (THRU 3/22) 0 0 112500 0 129807 0 0 0 8687 0 250994 0 0 0 SCOTT LEIGHTMAN SR. DIRECTOR OF COMMUNICATION 182499 0 19800 0 780 0 12829 0 5285 0 221193 0 0 0 BOB WHITEHOUSE CHIEF OPERATING OFFICER (THRU 6/23) 115521 0 90822 0 2025 0 8228 0 2094 0 218690 0 0 0 KRISTINA CHUMPOL CHIEF OF STAFF/VP OF COMM. INV 141344 0 13000 0 0 0 9893 0 9847 0 174084 0 0 0 ANTHONY ECON PREMIUM SALES MANAGER 49775 0 104881 0 625 0 8174 0 1055 0 164510 0 0 0 ROSEMARY JAMES CONTROLLER (THRU 10/23) 121402 0 16460 0 692 0 8546 0 7473 0 154573 0 0 0 PART I, LINES 4A-B ASF PAID A SEVERANCE TO MICHAEL NEALY IN THE AMOUNT OF $129,807 AND TO JOSE MORENO IN THE AMOUNT OF $159,296, INCLUDED IN COLUMN B(III) IN PART II, DURING THE TAX YEAR. ALL AMOUNTS WERE INCLUDED IN TAXABLE WAGES FOR THE APPROPRIATE CALENDAR YEAR. ASF PROVIDES A SPLIT DOLLAR LIFE INSURANCE PLAN TO ITS FORMER EXECUTIVE DIRECTOR, MICHAEL NEALY. NO CASH PAYMENTS WERE MADE TO MICHAEL NEALY UNDER THIS PLAN DURING THE REPORTING YEAR. PART I, LINE 5 THE 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 ARIZONA SPORTS FOUNDATION AND RELATED ORGANIZATIONS. BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS PRIOR TO PAYMENT. PART I, LINE 6 THE 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 ARIZONA 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 ARIZONA SPORTS FOUNDATION (ASF) PAYS ALL EMPLOYEES OF ASF AND ITS RELATED ORGANIZATIONS, VALLEY OF THE SUN BOWL FOUNDATION (VSFB), FIESTA EVENTS, INC. (FEI), AND ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION (ACFCF). EXPENSE ALLOCATIONS OF OFFICER, KEY EMPLOYEE AND STAFF COMPENSATED ARE MADE IN ACCORDANCE WITH THE EMPLOYEES' AVERAGE TIME DEVOTED TO EACH OF THE ORGANIZATIONS. MICHAEL NEALY FORMER EXECUTIVE DIRECTOR SPLIT DOLLAR LIFE INS PREMIUMS ON POLICY OWNED BY MR. NEALY X 200000 1400000 0 1 1 1400000 X MERCHANDISE/EQUIP 5 96279 DONOR DETERMINED 0 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS WAS USED IN PART I, LINE 25. FORM 990, PART I, LINE 1 THE FIESTA BOWL IS DEDICATED TO PROVIDING PREMIER COLLEGE FOOTBALL BOWL EXPERIENCES AND LOCAL EVENTS THAT SERVE AS ECONOMIC DRIVERS FOR ARIZONA AND PROVIDE CHARITABLE RESOURCES FOR OUR COMMUNITY. FORM 990, PART III, LINE 1 THE FIESTA BOWL IS DEDICATED TO PROVIDING PREMIER COLLEGE FOOTBALL BOWL EXPERIENCES AND LOCAL EVENTS THAT SERVE AS ECONOMIC DRIVERS FOR AZIZONA AND PROVIDE CHARITABLE RESOURCES FOR OUR COMMUNITY. FORM 990, PART V, LINE 2A & 2B, AND PART IX, COMPENSATION AMOUNTS: THE EMPLOYEES DEVOTING TIME TO THE ARIZONA SPORTS FOUNDATION (ASF) AND ITS RELATED AFFILIATES (ARIZONA COLLGE FOOTBALL CHAMPIONSHIP FOUNDATION (ACFCF), FIESTA EVENTS, INC (FEI), AND VALLEY OF THE SUN BOWL FOUNDATION (VSBF)) ARE ALL EMPLOYEES OF ASF FOR PAYROLL TAX PURPOSES. COSTS RELATED TO PERSONNEL ARE SHARED AMONGST ALL AFFILIATED ENTITIES AND ARE REPORTED ON PART IX AS EMPLOYEE RELATED EXPENSES. 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 SECTION 6.01 ABOVE, 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 BY THE ORGANIZATION'S 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, IT 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 12C 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 AS WELL. (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 15A COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTOR'S COMPENSATION COMMITTEE AND GOVERNED BY THE EXECUTIVE COMPENSATION COMMITTEE CHARTER. THE COMMITTEE IS COMPRISED OF THE CHAIR OF THE BOARD, CHAIR-ELECT OF THE BOARD AND THE IMMEDIATE PAST CHAIR OF THE BOARD. THE COMMITTEE IS CHARGED WITH THE ANNUAL REVIEW AND APPROVAL OF THE TOTAL COMPENSATION PACKAGE PROPOSED FOR THE EXECUTIVE DIRECTOR. THE COMMITTEE UNDERTAKES ACTIONS NECESSARY TO CARRY OUT THE PURPOSES OF THE COMMITTEE, INCLUDING BUT NOT LIMITED TO: - CONDUCTING AN ANNUAL REVIEW OF THE PERFORMANCE OF THE EXECUTIVE DIRECTOR BASED UPON EVALUATION CRITERIA DEVELOPED BY THE COMMITTEE AND THE BOARD OF DIRECTORS. - CONDUCTING AN ANNUAL REVIEW OF COMPENSATION COMPARABILITY DATA FOR THE EXECUTIVE DIRECTOR. COMPARABILITY DATA SHALL CONSIST OF COMPENSATION PAID TO INDIVIDUALS WITH FUNCTIONALLY SIMILAR POSITIONS. SOURCES OF COMPARABLE DATA MAY INCLUDE, BUT NOT BE LIMITED TO: BOWL SEASON COMPENSATION SURVEY, IRS 990 FILINGS OF SIMILAR NON-PROFITS (I.E. OBTAINED THROUGH GUIDESTAR.ORG) AND OTHER THIRD-PARTY RESEARCH. COMPENSATION CONSULTANTS MAY BE UTILIZED IF DEEMED NECESSARY BY THE COMMITTEE. - OVERSEEING THE DEVELOPMENT OF THE EXECUTIVE DIRECTOR'S ANNUAL INCENTIVE PLAN WITH A FORMAL REVIEW AT YEAR-END TO DETERMINE ACHIEVEMENT OF ESTABLISHED GOALS AND TARGETS. - DOCUMENTING AND DELIVERING AN ANNUAL REPORT TO THE BOARD ON THE SUBSTANCE OF THE COMMITTEE'S PERFORMANCE EVALUATION AND COMPENSATION REVIEW PROCESS, INCLUDING THE APPROVED COMPENSATION PACKAGE, THE NAMES OF THE MEMBERS OF THE COMMITTEE WHO PARTICIPATED IN THE COMMITTEE'S DELIBERATIONS, THE COMPARABILITY DATA RELIED UPON BY THE COMMITTEE, AND THE REASONS FOR ANY DEPARTURE FROM THE RANGE OF REASONABLE COMPENSATION PROVIDED BY SUCH DATA. THE COMPENSATION COMMITTEE AND EXECUTIVE DIRECTOR DETERMINE KEY EMPLOYEE PAY RANGES. COMPARABLE ORGANIZATION 990 AND BOWL SEASON COMPENSATION SURVEY DATA ARE USED IN THE ANALYSIS. THE BOARD OF DIRECTORS APPROVES THE PERSONNEL BUDGET ANNUALLY WHICH IS DOCUMENTED BY BOARD MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES PUBLIC ITS GOVERNING DOCUMENTS, INCLUDING ITS BY-LAWS AND 501(C)(3) DETERMINATION LETTER, 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://FIESTABOWL.ORG/WHO-WE-ARE/GOVERNANCE/. THE ORGANIZATION DOES NOT MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION A, LINE 1B: THE ARIZONA SPORTS FOUNDATION (ASF) AND ITS RELATED AFFILIATES (ARIZONA COLLGE 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 IN A CAPACITY OTHER THAN AS A BOARD MEMBER. IF A BOARD MEMBER 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 FROM THE PRIOR YEAR. VALLEY OF THE SUN BOWL FOUNDATION 7135 E CAMELBACK RD SUITE 190 PHOENIX AZ 85251 860902767 COLLEGE BOWL AZ 501(C)(3) LINE 10 N/A 0 ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION 7135 E CAMELBACK RD SUITE 190 PHOENIX AZ 85251 203705626 COLLEGE BOWL AZ 501(C)(3) LINE 10 N/A 0 FIESTA EVENTS INC 7135 E CAMELBACK RD SUITE 190 PHOENIX AZ 85251 860666998 SPORT EVENTS AZ 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 VALLEY OF THE SUN BOWL FOUNDATION 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 860902767 X 0 0 0 4193773 4193773 359689 89922 0 0 0 FIESTA EVENTS INC 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 860666998 X 0 0 0 5161882 5161882 408094 102024 0 0 0 THE ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION 7135 E CAMELBACK RD 190 SCOTTSDALE AZ 85251 203705626 X 0 0 0 0 0 0 0 0 0 0