2016-10-05T11:26:42-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2015-07-01 860539979 GREATER PHOENIX ECONOMIC COUNCIL GREA 6022567700 TWO NORTH CENTRAL AVENUE NO 2500 PHOENIX AZ 850042389 CHRIS CAMACHO CEO 6022567700 2016-09-21 1 STEPHEN E LIVINGSTON CPA P00317845 6022662248 2015 2017-02-10 21:41:12Z CHRIS CAMACHO TWO NORTH CENTRAL AVENUE NO 2500 PHOENIX AZ 850042389 5395082 0 X WWW.GPEC.ORG X 1989 AZ ATTRACTS QUALITY BUSINESSES AND ADVOCATES EFFORTS TO IMPROVE COMPETITIVENESS OF GREATER PHOENIX. 76 75 46 75 0 0 5147008 5277121 74000 52500 7238 1892 -69495 -76795 5158751 5254718 0 0 0 0 2829390 2945951 0 0 151139 1905179 1713876 4734569 4659827 424182 594891 2291674 2780746 742342 636523 1549332 2144223 ORGANIZATION'S MISSION IS TO ATTRACT QUALITY BUSINESSES TO THE GREATER PHOENIX REGION FROM AROUND THE WORLD, AND TO ADVOCATE AND CHAMPION FOUNDATIONAL EFFORTS TO IMPROVE THE REGION'S COMPETITIVENESS. 0 0 3895961 52500 DURING FY2016, GPEC INFLUENCED THE OUTCOME OF $397.9 MILLION IN INCREMENTAL PAYROLL COMPRISING 7,703 NEW JOBS, OF WHICH 3,048 WERE AT AN AVERAGE HIGH-WAGE SALARY OF $70,897. GPEC HAD 255 PROSPECTS, WITH 47 OF THESE BEING INTERNATIONAL. WE HAD 14 TECHNOLOGY ASSISTS IN THE REGION AND A TOTAL EDITORIAL REACH OF 476.3 MILLION IN CIRCULATION. 3895961 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 1 46 1 0 0 0 0 0 1 1 0 0 0 0 X 76 75 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X X MARTHA MINER 6022567700 2 N CENTRAL AVENUE STE 2500 PHOENIX AZ 85004 CHRIS CAMACHO PRESIDENT/CEO 40.00 X X 332405 0 26451 DONALD A SMITH CHAIRMAN 1.00 X X 0 0 0 CHRIS ZAHARIS VICE CHAIRMAN 1.00 X X 0 0 0 TAMMY MCLEOD VICE CHAIRMAN & SECRETARY 1.00 X X 0 0 0 R NEIL IRWIN TREASURER 1.00 X X 0 0 0 JAMES H LUNDY IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 ED AARONSON MEMBER 1.00 X 0 0 0 RICHARD ADAMS MEMBER 1.00 X 0 0 0 JENNIFER ANDERSON MEMBER 1.00 X 0 0 0 MIKE ARNOLD MEMBER 1.00 X 0 0 0 JASON BAGLEY MEMBER 1.00 X 0 0 0 STEVE BANTA MEMBER 1.00 X 0 0 0 JASON BARNEY MEMBER 1.00 X 0 0 0 DENNY BARNEY MEMBER 1.00 X 0 0 0 RICK BEAVIN MEMBER 1.00 X 0 0 0 STEVEN BETTS MEMBER 1.00 X 0 0 0 TIMOTHY BIDWILL MEMBER 1.00 X 0 0 0 NORMAN BUTLER MEMBER 1.00 X 0 0 0 RONALD BUTLER MEMBER 1.00 X 0 0 0 BRIAN CAMPBELL MEMBER 1.00 X 0 0 0 CATHY CARLAT MEMBER 1.00 X 0 0 0 DANIELLE CASEY MEMBER 1.00 X 0 0 0 STEVEN CHUCRI MEMBER 1.00 X 0 0 0 JEFF CROCKETT MEMBER 1.00 X 0 0 0 MICHAEL CROW PHD MEMBER 1.00 X 0 0 0 WYATT DECKER MEMBER 1.00 X 0 0 0 MICHAEL FARRAR MEMBER 1.00 X 0 0 0 ADOLFO GAMEZ MEMBER 1.00 X 0 0 0 NAQUIN GARY MEMBER 1.00 X 0 0 0 RUFUS GLASPER PHD MEMBER 1.00 X 0 0 0 KATHLEEN GOEPPINGER MEMBER 1.00 X 0 0 0 JOHN GRAHAM MEMBER 1.00 X 0 0 0 DERRICK HALL MEMBER 1.00 X 0 0 0 BARRY HALPERN MEMBER 1.00 X 0 0 0 G TODD HARDY MEMBER 1.00 X 0 0 0 SHARON HARPER MEMBER 1.00 X 0 0 0 ANN WEAVER HART MEMBER 1.00 X 0 0 0 PAMELA HIGDON MEMBER 1.00 X 0 0 0 BILL HONSAKER MEMBER 1.00 X 0 0 0 JOSEPH HUGHES MEMBER 1.00 X 0 0 0 LINDA HUNT MEMBER 1.00 X 0 0 0 ROBERT JACKSON MEMBER 1.00 X 0 0 0 LINDA KAVANAGH MEMBER 1.00 X 0 0 0 MICHAEL LEVAULT MEMBER 1.00 X 0 0 0 JOHN LEWIS MEMBER 1.00 X 0 0 0 GEORGIA LORD MEMBER 1.00 X 0 0 0 JEFF LOWE MEMBER 1.00 X 0 0 0 PAUL LUNA MEMBER 1.00 X 0 0 0 RICH MARCHANT MEMBER 1.00 X 0 0 0 MATTHEW MCGUIRE MEMBER 1.00 X 0 0 0 MARK MITCHELL MEMBER 1.00 X 0 0 0 LANA MOOK MEMBER 1.00 X 0 0 0 BRIAN MUELLER MEMBER 1.00 X 0 0 0 ED NOVAK MEMBER 1.00 X 0 0 0 ERIC ORSBORN MEMBER 1.00 X 0 0 0 BRAD PARKER MEMBER 1.00 X 0 0 0 RUI PEREIRA MEMBER 1.00 X 0 0 0 CHRISTIAN PRICE MEMBER 1.00 X 0 0 0 CURTIS REED JR MEMBER 1.00 X 0 0 0 DAVID ROUSSEAU MEMBER 1.00 X 0 0 0 JASON ROWLEY MEMBER 1.00 X 0 0 0 JEFF SERDY MEMBER 1.00 X 0 0 0 TIMOTHY SLOTTOW MEMBER 1.00 X 0 0 0 JAMES T SWANSON MEMBER 1.00 X 0 0 0 KARRIN K TAYLOR MEMBER 1.00 X 0 0 0 JAY TIBSCHRAENY MEMBER 1.00 X 0 0 0 RICHMOND VINCENT MEMBER 1.00 X 0 0 0 BRAD VYNALEK MEMBER 1.00 X 0 0 0 ANDY WARREN MEMBER 1.00 X 0 0 0 KEN WEISE MEMBER 1.00 X 0 0 0 JOHN WELCH MEMBER 1.00 X 0 0 0 SHARON WOLCOTT MEMBER 1.00 X 0 0 0 BRAD WRIGHT MEMBER 1.00 X 0 0 0 JOHN ZIDICH MEMBER 1.00 X 0 0 0 ED ZUERCHER MEMBER 1.00 X 0 0 0 BRAD SMIDT SVP BUSINESS DEVELOPMENT 40.00 X 157002 0 24602 MARGERY BROWN COO 40.00 X 151660 0 30267 CHRIS PETROFF SVP BUSINESS DEVELOPMENT 40.00 X 133245 0 30106 KATHLEEN LEE SENIOR VICE PRESIDENT STRATEGY 40.00 X 134344 0 16578 908656 0 128004 5 0 1 0 0 92181 2272626 2912314 19449 5277121 SPECIAL PROGRAM EVENTS 900099 52500 52500 52500 1892 1892 63569 92181 140364 -76795 -76795 5254718 52500 0 -74903 X 330000 220000 55000 55000 2096775 1701050 299586 96139 350260 296552 53708 168916 143015 25901 13784 13784 14375 14375 27033 27033 500635 500635 42896 42896 166919 136089 30830 76377 55814 20563 339955 315605 24350 130831 130831 248916 244337 4579 33726 24646 9080 22495 16439 6056 OTHER EXPENSES 60880 5965 54915 BAD DEBT 18500 18500 COMMUNICATION 16554 16554 4659827 3895961 612727 151139 116844 691426 1552104 1578479 268884 146821 268019 205273 30005 62106 691799 595158 55745 96641 73 0 2291674 2780746 564216 493307 49947 89152 128179 54064 742342 636523 X 1329969 2005973 219363 138250 1549332 2144223 2291674 2780746 594891 0 X X 0 1 X 1 0 X 4580206 4763979 5112076 5147008 5277121 24880390 4580206 4763979 5112076 5147008 5277121 24880390 848370 24032020 41776 9844 10759 7238 1892 71509 15700 62800 82313 65000 63569 289382 25241281 126500 0.95210 0.94430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 27033 27033 4481655 4508688 375434 93859 0 0 343348 356617 375516 375434 1450915 2176373 36205 40053 36646 27033 139937 85837 89154 93879 93859 362729 544094 691799 595158 96641 96641 DEFERRED RENT 51272 CAPITAL LEASE OBLIGATIONS 2792 54064 X 5616732 221650 140364 362014 5254718 0 5254718 5021841 221650 140364 362014 4659827 0 4659827 PART X, LINE 2: GPEC QUALIFIES AS A TAX-EXEMPT ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE, THERE IS NO PROVISION FOR FEDERAL OR STATE CORPORATE INCOME TAXES. MANAGEMENT OF THE ORGANIZATION DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS EXIST AS OF JUNE 30, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE DEDUCTED FROM REVENUE ON 990 140,364. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE DEDUCTED FROM REVENUE ON 990 140,364. ANNUAL DINNER 155750 92181 63569 93534 8500 38330 155750 92181 63569 93534 8500 38330 140364 -76795 X X X X 0 0 0 0 0 0 0 1 0 CHRIS CAMACHO PRESIDENT/CEO 274332 0 42664 0 15409 0 15900 0 10551 0 358856 0 0 0 BRAD SMIDT SVP BUSINESS DEVELOPMENT 132478 0 20447 0 4077 0 9553 0 15049 0 181604 0 0 0 MARGERY BROWN COO 132580 0 19080 0 0 0 9357 0 20910 0 181927 0 0 0 CHRIS PETROFF SVP BUSINESS DEVELOPMENT 113349 0 16296 0 3600 0 9357 0 20749 0 163351 0 0 0 KATHLEEN LEE SENIOR VICE PRESIDENT STRATEGY 113750 0 20594 0 0 0 8061 0 8517 0 150922 0 0 0 PART I, LINE 7 THE ORGANIZATION HAS A BONUS PLAN IN PLACE FOR ALL FULL-TIME EMPLOYEES THAT PROVIDES FOR PAYMENTS IF CERTAIN GOALS HAVE BEEN MET THAT WERE ESTABLISHED AND APPROVED BY THE BOARD OF DIRECTORS AT THE BEGINNING OF THE TAX YEAR THAT STARTS THE MEASUREMENT PERIOD. X AIRLINE TICKETS 1 12400 FAIR MARKET VALUE X OFFICE SUPPLIES 1 7049 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER OF DONORS IS LISTED. FORM 990, PART VI, SECTION A, LINE 2 BOARD OF DIRECTORS ARE ENGAGED IN BUSINESSES RELATED TO AND COMPATIBLE WITH ONE ANOTHER. AS SUCH THEY ARE FREQUENTLY IN THE POSITION TO PROCURE GOODS AND SERVICES FROM EACH OTHER IN THE DAILY OPERATION OF THEIR BUSINESSES. FORM 990, PART VI, SECTION B, LINE 11 THE CONTROLLER AND COO WILL REVIEW THE PREPARED FORM 990. THE AUDIT COMMITTEE WILL REVIEW AND RECOMMEND APPROVAL FOR FILING TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO UPDATE THE CONFLICT OF INTEREST STATEMENT ANNUALLY. CONFLICTS OF INTEREST ARE TO BE AVOIDED WITH ANY RELATED PARTY EXCEPT TRANSACTIONS IN ACCORDANCE WITH SCHEDULE L THRESHOLDS AND THOSE TRANSACTIONS DEFINED AS NORMAL BUSINESS ACTIVITY. IN THE EVENT OF A CONFLICT THE EXCECUTIVE COMMITTEE OF THE BOARD WILL DISCUSS THE FINANCIAL INTEREST WITH THE RELATED PARTY EXCUSED FROM THE MEETING DURING THE DISCUSSION AND VOTING. THE EXECUTIVE COMMITTEE OF THE BOARD WILL DISCUSS IF A MORE ADVANTAGEOUS TRANSACTION IS AVAILABLE. A VOTE WILL BE COLLECTED ON APPROVING THE TRANSACTION WITH THE RELATED PARTY EXCLUDED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPARATIVE DATA FROM LIKE ORGANIZATIONS IS OBTAINED AND REVIEWED. IN ADDITION TO BASE SALARY AND PREREQUISITES, BONUS PERFORMANCE CRITERIA IS ESTABLISHED AND REVIEWED DURING AND AT THE END OF EACH YEAR. THE PERFORMANCE AND EXECUTIVE COMMITTEE APPROVE THE BONUS CALCULATIONS ANNUALLY AND THE CEO COMPENSATION CONTRACT WHEN NECESSARY. THE PROCESS IS SIMILAR FOR SENIOR MANAGMENT. ALL COMPENSATION IS APPROVED BY THE CEO AND THE BONUS METRICS ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G MARKETING COLLATERAL & SERVICES: PROGRAM SERVICE EXPENSES 139,072. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 139,072. RESEARCH CONTRACTORS & SERVICES: PROGRAM SERVICE EXPENSES 169,763. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 169,763. BUSINESS DEVELOPMENT CONTRACTORS: PROGRAM SERVICE EXPENSES 75,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,000. GOVERNMENT GRANT CONTRACTOR AND SERVICES: PROGRAM SERVICE EXPENSES 116,800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 116,800. FORM 990, PAGE 12, PART XII, LINE 2C: GREATER PHOENIX ECONOMIC COUNCIL HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE OVERSIGHT PROCESS OR THE SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR.