2016-02-11T10:34:05-06:00 2015-03-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2014-04-01 860253821 THE ARIZONA SPORTS FOUNDATION ARIZ 4803500900 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 MICHAEL J NEALY EXECUTIVE DIRECTOR 4803500900 2016-01-11 1 JACQUELINE ECKMAN P01300648 6022662248 2014 2016-08-17 19:52:53Z FIESTA BOWL MICHAEL J NEALY 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 16994939 0 X WWW.FIESTABOWL.ORG X 1972 AZ THE ARIZONA SPORTS FOUNDATION IS COMMITTED TO FOSTERING A CULTURE INVOLVEMENT AND GIVING. 26 26 105 300 53952 39649 8000 0 14999580 13676391 387167 482024 659556 300213 16054303 14458628 686726 4638 0 0 3731368 2503878 0 0 0 11669131 7929100 16087225 10437616 -32922 4021012 51397688 55122006 789397 667459 50608291 54454547 THROUGH THE ANNUAL FIESTA BOWL AND RELATED EVENTS, WE STRIVE TO CREATE A POSITIVE ECONOMIC IMPACT FOR ARIZONA AND FOCUS ON THE COMMUNITY WHILE HAVING FUN. 0 0 8326378 4638 12782389 THE ARIZONA SPORTS FOUNDATION ANNUALLY STAGES THE FIESTA BOWL, WHICH IS PART OF THE COLLEGE FOOTBALL PLAYOFF (CFP) SYSTEM. THE GAME IS PLAYED IN UNIVERSITY OF PHOENIX STADIUM IN GLENDALE, ARIZONA. THE 44TH ANNUAL FIESTA BOWL WAS PLAYED ON DECEMBER 31, 2014, IN FRONT OF A CROWD OF 66,896 . THE BOISE STATE UNIVERSITY BRONCOS DEFEATED THE ARIZONA WILDCATS 38-30. 8326378 1 0 0 1 0 0 0 0 0 0 1 0 0 1 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 1 0 0 0 1 X 135 0 1 105 1 1 1 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X X CURT KRIZAN 4803500900 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 RAY ARTIGUE DIRECTOR 3.00 3.00 X 0 0 0 NIKKI BALICH DIRECTOR 3.00 3.00 X 0 0 0 PATRICK BARKLEY AT-LARGE MEMBER 3.00 3.00 X X 710 0 0 BRETT BENTON DIRECTOR 3.00 3.00 X 0 0 0 JUDY BERNAS DIRECTOR 3.00 3.00 X 1535 0 0 JIM BRUNER DIRECTOR 3.00 3.00 X 835 0 0 JOHN CURRIE DIRECTOR 3.00 3.00 X 0 0 0 ANN DAMINO DIRECTOR 3.00 3.00 X 0 0 0 GONZALO DE LA MELENA DIRECTOR 3.00 3.00 X 0 0 0 BRIAN HALL IMMEDIATE PAST CHAIR 3.00 3.00 X X 6285 0 0 JAMES HATFIELD DIRECTOR 3.00 3.00 X 0 0 0 MIKE HECOMOVICH TREASURER 3.00 3.00 X X 0 0 0 RICHARD HORN DIRECTOR 3.00 3.00 X 0 0 0 COLLEEN JENNINGS-ROGGENSACK DIRECTOR 3.00 3.00 X 0 0 0 LARRY JOHNSON DIRECTOR 3.00 3.00 X 0 0 0 DEREK KERR DIRECTOR 3.00 3.00 X 0 0 0 STEVE LEACH N&G COMMITTEE CHAIR 3.00 3.00 X X 712 0 0 ROB LONGO AT-LARGE MEMBER 3.00 3.00 X X 0 0 0 ANDY MCCAIN CHAIRMAN TO 3/21/2015, PAST CHAIR 3.00 3.00 X X 0 0 0 CHUCK O'CONNER SECRETARY 3.00 3.00 X X 0 0 0 JAY PARRY DIRECTOR 3.00 3.00 X 0 0 0 RAMEY PERU A&C COMMITTEE CHAIR 3.00 3.00 X X 1449 0 0 MARCUS SIPOLT DIRECTOR 3.00 3.00 X 1535 0 0 ANDREW STEGEN DIRECTOR 3.00 3.00 X 0 0 0 BOB WHITEHOUSE DIRECTOR 3.00 3.00 X 0 0 0 MATT WINTER CHAIR ELECT TO 3/19/2015, CHAIR 3.00 3.00 X X 0 0 0 DUANE WOODS INTERIM EXEC DIR TO 5/13/2014 3.00 3.00 X X 108387 0 0 GARY HANSON DIRECTOR BEG 3/20/2015 3.00 3.00 X 0 0 0 RON MINEGAR DIRECTOR BEG 3/20/2015 3.00 3.00 X 0 0 0 KELLY MERO DIRECTOR BEG 3/20/2015 3.00 3.00 X 0 0 0 RANDY NORTON DIRECTOR BEG 3/20/2015 3.00 3.00 X 1725 0 0 BRYAN SPERBER DIRECTOR BEG 3/20/2015 3.00 3.00 X 0 0 0 MICHAEL NEALY EXECUTIVE DIRECTOR BEG 5/4/2014 30.00 10.00 X 195332 0 5418 CURT KRIZAN CHIEF FINANCIAL OFFICER 30.00 10.00 X 240655 0 24510 BOB WHITEHOUSE SR. DIRECTOR OF EVENTS & VOLUNTEERS 30.00 10.00 X 120105 0 5418 TRACY GUERRA SR. DIRECTOR OF GAME & EVENTS 30.00 10.00 X 150421 0 13375 PEGGY EYANSON SR. DIRECTOR OF BUSINESS OPERATIONS 30.00 10.00 X 113004 0 13784 MARY MCGLYNN DIRECTOR OF TICKET OPERATIONS 30.00 10.00 X 106323 0 4608 STEPHANIE JARVIS FORMER CHIEF COMPLIANCE OFFICER 30.00 10.00 X 157260 1350 3705 ROBERT SHELTON FORMER ED THROUGH 1/13/2014 30.00 10.00 X 873180 0 3169 2079453 1350 73987 9 1 1 0 OWENS HARKEY & ASSOCIATES 3550 N CENTRAL AVE STE 1710 PHOENIX AZ 85012 MEDIA BUYING 195000 ROJO HOSPITALITY GROUP 1 CARDINALS DRIVE GLENDALE AZ 85305 CATERING 154629 ERNST & YOUNG 3712 SOLUTIONS CENTER CHICAGO IL 60677 AUDIT AND TAX 148765 3 GAME REVENUE 711300 12579965 12579965 QUALIFIED SPONSORSHIPS 711300 947656 947656 ACKNOWLEDGEMENTS 711300 96186 96186 ADVERTISING 711300 52584 0 52584 13676391 537583 537583 192607 192607 1368 0 1368 1368 1368 2480752 2536311 -55559 -55559 -55559 OTHER INCOME 711300 74262 74262 SALES TAX REFUND 711300 31976 31976 106238 14458628 12782389 53952 1622287 X 4638 4638 450770 374139 76631 1571915 1230418 341497 326470 270970 55500 154723 128420 26303 46860 46860 127864 127864 67372 67372 224399 224399 114830 114830 153025 153025 131919 131919 107339 107339 74738 74738 45366 45366 397874 58820 339054 156871 156871 GAME EXPENSES 5751761 5751761 GAME PROMOTIONS & HOSPI 510556 510556 DUES & SUBSCRIPTIONS 42134 42134 OTHER EXPENSES 18833 -3344 22177 -42641 -42641 10437616 8326378 2111238 0 2904501 4928273 249624 1254869 250703 344661 18330 102935 47326 9151292 4925943 4675416 4225349 13318789 12620812 29877390 31700716 51397688 55122006 748557 650624 8923 6988 31917 9847 789397 667459 X 50608291 54454547 50608291 54454547 51397688 55122006 4021012 -174756 0 X X 0 1 X 1 0 X 8000 8000 16309226 14844512 16366739 13563435 12782389 73866301 838378 885591 1495321 1295207 947656 5462153 17147604 15730103 17862060 14866642 13730045 79336454 1219641 1411269 1803477 1636811 752415 6823613 6333285 6967779 7932404 6992008 59491 28284967 7552926 8379048 9735881 8628819 811906 35108580 44227874 601323 872060 1471110 1253013 730190 4927696 92423 39649 132072 601323 872060 1471110 1345436 769839 5059768 11330 4724 8638 47716 72408 17760257 16606887 19341808 16259794 14499884 84468630 0.52360 0.54490 0.05990 0.05340 X X 0 0 10437616 17438888 10437616 17438888 671881 1000000 167970 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 116170 116170 5288628 1780151 3508477 450881 189054 261827 1157868 1068632 89236 2137745 1888106 249639 4225349 DUE FROM AFFILIATES 31699716 OTHER ASSETS 1000 31700716 FEDERAL INCOME TAXES 9847 9847 X PART X, LINE 2: THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION RECOGNIZED NO LIABILITY FOR UNCERTAIN TAX POSITIONS AS OF MARCH 31, 2015. X X X X X 1 0 0 1 1 1 1 1 0 MICHAEL NEALY EXECUTIVE DIRECTOR BEG 5/4/2014 192947 0 0 0 2385 0 0 0 5418 0 200750 0 0 0 CURT KRIZAN CHIEF FINANCIAL OFFICER 177795 0 60970 0 1890 0 13098 0 11412 0 265165 0 0 0 TRACY GUERRA SR. DIRECTOR OF GAME & EVENTS 105297 0 29029 0 16095 0 7525 0 5850 0 163796 0 0 0 STEPHANIE JARVIS FORMER CHIEF COMPLIANCE OFFICER 37771 1350 35376 0 84113 0 2346 0 1359 0 160965 1350 0 0 ROBERT SHELTON FORMER ED THROUGH 1/13/2014 38180 0 280000 0 555000 0 2654 0 515 0 876349 0 0 0 PART I, LINE 3 THE ARIZONA SPORTS FOUNDATION (ASF) DETERMINED COMPENSATION OF THE EXECUTIVE DIRECTOR USING A COMPENSATION COMMITTE, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY/STUDY, AND APPROVAL BY BOARD/COMPENSATION COMMITTEE. PART I, LINE 4A STEPHANIE JARVIS SEVERANCE PAYMENT- $67,000 MARY MCGLYNN SEVERANCE PAYMENT- $54,049 ROBERT SHELTON SEVERANCE PAYMENT- $555,000. ROBERT SHELTON LEFT THE ORGANIZATION IN JANUARY 2014. TERMS OF HIS SEPARATION INCLUDED SEVERANCE OF 12 MONTHS OF BASE COMPENSATION WHICH IS INCLUDED IN HIS 2014 COMPENSATION. 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. PART I, LINE 7 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). ALLOCATIONS OF OFFICER, KEY EMPLOYEE AND STAFF COMPENSATED ARE MADE IN ACCORDANCE WITH THE EMPLOYEES' AVERAGE TIME DEVOTED TO EACH OF THE ORGANIZATIONS. FORM 990, PART V, LINE 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 1 THE BOARD OF DIRECTORS DELEGATES 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 MEMBERS OF THE EXECUTIVE COMMITTEE SHALL INCLUDE THE CHAIRMAN, IMMEDIATE PAST CHAIRMAN, CHAIRMAN-ELECT, TREASURER, SECRETARY, THE CHAIRS OF THE NOMINATING AND GOVERNANCE COMMITTEE AND AUDIT & COMPLIANCE COMMITTEE, AND TWO OTHER DIRECTORS NOMINATED BY THE CHAIRMAN AND APPROVED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. THE CHAIRMAN SHALL SERVE AS THE CHAIRMAN OF THE EXECUTIVE COMMITTEE. ALL OTHER ASPECTS OF THE FUNCTION AND PROCEDURES OF THE EXECUTIVE COMMITTEE SHALL BE DECIDED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE, TO THE EXTENT DELEGATED SUCH POWERS BY THE BOARD OF DIRECTORS, MAY AUTHORIZE ANY OFFICER OR AGENT OF THE CORPORATION TO ENTER INTO ANY CONTRACT OR TO EXECUTE AND DELIVER ANY INSTRUMENT IN THE NAME OF AND ON BEHALF OF THE CORPORATION. ADDITIONALLY, CERTAIN MEMBERS OF THE EXECUTIVE COMMITTEE ARE AUTHORIZED TO SIGN CHECKS AND AUTHORIZE DEPOSITS OF FUNDS. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED AND REVIEWED BY CLIFTONLARSONALLEN LLP FOLLOWED BY MANAGEMENT'S FINAL REVIEW. ONCE THE RETURN IN COMPLETED AND REVIEWED, THE FORM 990 IS PROVIDED TO THE AUDIT AND COMPLIANCE COMMITTEE FOR THEIR REVIEW. AFTER THE COMMITTEE 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 12C THE ORGANIZATION ANNUALLY REQUIRES ALL EMPLOYEES, OFFICERS, AND 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 AND COMPLIANCE COMMITTEE. PROCEDURES ALSO INCLUDE REVIEWING TRANSACTIONS AGAINST BOTH THE FORMS SUBMITTED AND ALL KNOWN BUSINESS ASSOCIATIONS OF OUR BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR COMPENSATION PROCESS - *COMPENSATION COMMITTEE DETERMINES COMPENSATION FIGURES *FORM 990 OF COMPARABLE ORGANIZATIONS INCLUDED IN COMPENSATION CONSULTANT REVIEWS *EXCUTIVE DIRECTOR ENGAGED UNDER A WRITTEN EMPLOYMENT CONTRACT *ORGANIZATION PARTICIPATES ANNUALLY IN THE FOOTBALL BOWL ASSOCIATION SURVEY *COMPENSATION APPROVED ANNUALLY BY THE BOARD OF DIRECTORS AFTER A RECOMMENDATION BY THE COMPENSATION COMMITTEE. WE BELIEVE THESE ACTIONS CREATE A REBUTTABLE PRESUMPTION OF REASONABLE COMPENSATION. KEY EMPLOYEE COMPENSATION PROCESS - *EXECUTIVE DIRECTOR REVIEWS PERFORMANCE AND DETERMINES COMPENSATION *COMPENSATION AMOUNT TO BOARD OF DIRECTOR CHAIR FOR APPROVAL *PARTICIPATES IN FBA SURVEY AND COMPARES RESULTS. 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 HTTP://WWW.FIESTABOWL.ORG/ABOUT-US/GOVERNANCE/PHP. THE ORGANIZATION DOES NOT MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, LINE 1B ASF, VSBF, FEI, AND THE ACFCF 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 MEMEBER IS CONSIDERED NOT INDEPENDENT FOR ONE ORGANIZATION, THEY ARE CONSIDERED NOT INDEPENDENT FOR ALL RELATED ORGANIZATIONS. AMONG THE FOUR RELATED ORGANIZATIONS, THERE WERE NO TRANSACTIONS TO REPORT. 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 IX, LINE 24E OTHER TAXES, FINES & PENALTIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES -42,641. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -42,641. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED SINCE 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 9 N/A 1 ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION 7135 E CAMELBACK RD SUITE 190 PHOENIX AZ 85251 203705626 COLLEGE BOWL AZ 501(C)(3) LINE 9 N/A 1 FIESTA EVENTS INC 7135 E CAMELBACK RD SUITE 190 PHOENIX AZ 85251 860666998 SPORT EVENTS AZ 501(C)(3) LINE 9 N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 FIESTA EVENTS INC N 216141 FMV FIESTA EVENTS INC O 331882 FMV FIESTA EVENTS INC P 42285 FMV FIESTA EVENTS INC Q 298587 FMV FIESTA EVENTS INC R 3432 FMV FIESTA EVENTS INC S 207107 FMV VALLEY OF THE SUN BOWL FOUNDATION N 324212 FMV VALLEY OF THE SUN BOWL FOUNDATION O 497822 FMV VALLEY OF THE SUN BOWL FOUNDATION P 170169 FMV VALLEY OF THE SUN BOWL FOUNDATION Q 428259 FMV VALLEY OF THE SUN BOWL FOUNDATION R 273118 FMV VALLEY OF THE SUN BOWL FOUNDATION S 54317 FMV ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION P 4993 FMV VALLEY OF THE SUN BOWL FOUNDATION 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 860902767 X 0 0 0 4772028 4772028 388601 97150 0 0 0 FIESTA EVENTS INC 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 860666998 X 0 0 0 1846494 1846494 242325 60581 0 0 0 THE ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION 7135 E CAMELBACK RD 190 SCOTTSDALE AZ 85251 203705626 X 0 0 0 382750 382750 76550 19138 0 0 0