2015-10-02T19:45:02-05:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2014-07-01 860539979 GREATER PHOENIX ECONOMIC COUNCIL GREA 6022567700 TWO NORTH CENTRAL AVENUE NO 2500 PHOENIX AZ 850042389 CHRIS CAMACHO CEO 6022567700 2015-09-22 1 STEPHEN E LIVINGSTON CPA P00317845 6022662248 2014 2016-02-25 16:41:14Z CHRIS CAMACHO TWO NORTH CENTRAL AVENUE NO 2500 PHOENIX AZ 850042389 5293246 0 X WWW.GPEC.ORG X 1989 AZ ATTRACTS QUALITY BUSINESSES AND ADVOCATES EFFORTS TO IMPROVE COMPETITIVENESS OF GREATER PHOENIX. 71 70 47 90 0 0 5112076 5147008 0 74000 10759 7238 -51486 -69495 5071349 5158751 0 0 0 0 3072580 2829390 0 0 224242 1990613 1905179 5063193 4734569 8156 424182 2172071 2291674 1046921 742342 1125150 1549332 X 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. 1 0 3918838 74000 DURING FY 2015, GPEC INFLUENCED THE OUTCOME OF $227.4 MILLION ININCREMENTAL PAYROLL COMPRISING 5,127 NEW JOBS, OF WHICH 2,052 WEREAT AN AVERAGE HIGH-WAGE SALARY OF $54,649. GPEC HAD 218 PROSPECTS,WITH 37 OF THESE BEING INTERNATIONAL. GPEC HAD 11 TECHNOLOGY ASSISTSIN THE REGION AND A TOTAL EDITORIAL REACH OF 993.5 MILLION READERS INCIRCULATION. 3918838 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 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 13 0 1 47 1 0 0 0 0 0 1 1 0 0 0 0 X 71 70 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 AZ X X DAN ERNEST 6022567700 2 N CENTRAL AVENUE STE 2500 PHOENIX AZ 85004 BARRY BROOME PRESIDENT/CEO 40.00 X X 576995 0 37700 CHRIS CAMACHO PRESIDENT/CEO 40.00 X X 190482 0 26673 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 ANDY WARREN MEMBER 1.00 X 0 0 0 ANN HART MEMBER 1.00 X 0 0 0 BARRY HALPERN MEMBER 1.00 X 0 0 0 BOB JACKSON MEMBER 1.00 X 0 0 0 BRAD PARKER MEMBER 1.00 X 0 0 0 BRAD VYNALEK MEMBER 1.00 X 0 0 0 BRADLEY WRIGHT MEMBER 1.00 X 0 0 0 BRIAN CAMPBELL MEMBER 1.00 X 0 0 0 BRIAN MUELLER MEMBER 1.00 X 0 0 0 BROCK GRAYSON MEMBER 1.00 X 0 0 0 CATHY CARLAT MEMBER 1.00 X 0 0 0 CHRISTIAN PRICE MEMBER 1.00 X 0 0 0 CURTIS REED MEMBER 1.00 X 0 0 0 DAN WITHERS MEMBER 1.00 X 0 0 0 DAVID ROUSSEAU MEMBER 1.00 X 0 0 0 DENNY BARNEY MEMBER 1.00 X 0 0 0 DERRICK HALL MEMBER 1.00 X 0 0 0 ED NOVAK MEMBER 1.00 X 0 0 0 EDWARD AARONSON MEMBER 1.00 X 0 0 0 EDWARD ZUERCHER MEMBER 1.00 X 0 0 0 ERIC ORSBORN MEMBER 1.00 X 0 0 0 G TODD HARDY MEMBER 1.00 X 0 0 0 GARY NAQUIN MEMBER 1.00 X 0 0 0 GEORGIA LORD MEMBER 1.00 X 0 0 0 GERRIT VAN HUISSTEDE MEMBER 1.00 X 0 0 0 JASON BAGLEY MEMBER 1.00 X 0 0 0 JASON BARNEY MEMBER 1.00 X 0 0 0 JAY TIBSHRAENY MEMBER 1.00 X 0 0 0 JEFF CROCKETT MEMBER 1.00 X 0 0 0 JEFF LOWE MEMBER 1.00 X 0 0 0 JEFF SERDY MEMBER 1.00 X 0 0 0 JIM SWANSON MEMBER 1.00 X 0 0 0 JOE HUGHES MEMBER 1.00 X 0 0 0 JOHN COOK MEMBER 1.00 X 0 0 0 JOHN GRAHAM MEMBER 1.00 X 0 0 0 JOHN LEWIS MEMBER 1.00 X 0 0 0 JOHN WELCH MEMBER 1.00 X 0 0 0 JOHN ZIDICH MEMBER 1.00 X 0 0 0 KARRIN TAYLOR MEMBER 1.00 X 0 0 0 KATHLEEN GOEPPINGER MEMBER 1.00 X 0 0 0 KENNETH WEISE MEMBER 1.00 X 0 0 0 LANA MOOK MEMBER 1.00 X 0 0 0 LINDA HUNT MEMBER 1.00 X 0 0 0 LINDA KAVANAGH MEMBER 1.00 X 0 0 0 MARK MITCHELL MEMBER 1.00 X 0 0 0 MATT MCGUIRE MEMBER 1.00 X 0 0 0 MICAH MIRANDA MEMBER 1.00 X 0 0 0 MICHAEL CROW MEMBER 1.00 X 0 0 0 MICHAEL LEVAULT MEMBER 1.00 X 0 0 0 NORMAN BUTLER MEMBER 1.00 X 0 0 0 PAUL LUNA MEMBER 1.00 X 0 0 0 RICH ADAMS MEMBER 1.00 X 0 0 0 RICH MARCHANT MEMBER 1.00 X 0 0 0 RICHARD ADKERSON MEMBER 1.00 X 0 0 0 RONALD BUTLER MEMBER 1.00 X 0 0 0 RUFUS GLASPER MEMBER 1.00 X 0 0 0 SCOTT BRADLEY MEMBER 1.00 X 0 0 0 SHARON HARPER MEMBER 1.00 X 0 0 0 SHARON WOLCOTT MEMBER 1.00 X 0 0 0 STEVE BANTA MEMBER 1.00 X 0 0 0 STEVE BETTS MEMBER 1.00 X 0 0 0 STEVE CHUCRI MEMBER 1.00 X 0 0 0 TIM SLOTTOW MEMBER 1.00 X 0 0 0 TIMOTHY BIDWILL MEMBER 1.00 X 0 0 0 WYATT DECKER MEMBER 1.00 X 0 0 0 BRAD SMIDT SENIOR VP BUSINESS DEVELOPMENT 40.00 X 149942 0 24727 ANGELA TALBOT SENIOR VP BUSINESS DEVELOPMENT 40.00 X 113680 0 21967 KATHLEEN LEE SENIOR VP STRATEGY 40.00 X 107925 0 15327 CHRIS PETROFF SENIOR VP BUSINESS DEVELOPMENT 40.00 X 100158 0 27945 1239182 0 154339 6 0 1 0 SRI INTERNATIONAL PO BOX 2767 MENLO PARK CA 94025 VELOCITY BUSINESS PLAN, ICCAM GRANT CONS 280942 1 89650 2494112 2563246 25798 5147008 SPECIAL PROGRAM EVENTS 900099 74000 74000 74000 7238 7238 65000 89650 134495 -69495 -69495 5158751 74000 0 -62257 X 246504 107465 49301 89738 2036374 1620498 281372 134504 376298 318812 57486 170214 144211 26003 18855 18855 12200 12200 36646 36646 614389 614389 55320 55320 189191 145113 44078 75947 55500 20447 338047 313994 24053 185852 185852 222104 209713 12391 36782 26879 9903 26318 19233 7085 OTHER EXPENSES 61059 61059 WASHINGTON DC- EXECUTIV 46248 46248 COMMUNICATION 30255 30255 BAD DEBT 5000 5000 -49034 -16290 -32744 4734569 3918838 591489 224242 135480 116844 1650000 1552104 249203 268884 36800 268019 17218 30005 617177 561432 78246 55745 5124 73 2172071 2291674 772174 564216 74281 49947 200466 128179 1046921 742342 X 875947 1329969 249203 219363 1125150 1549332 2172071 2291674 424182 0 X X 0 1 X 1 0 X 4269919 4580206 4763979 5112076 5147008 23873188 4269919 4580206 4763979 5112076 5147008 23873188 1014215 22858973 5732 41776 9844 10759 7238 75349 33475 15700 62800 82313 65000 259288 24207825 74000 0.94430 0.95280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36646 36646 4473681 4510327 375516 93879 0 0 333514 343348 356617 375516 1408995 2113493 40500 36205 40053 36646 153404 83379 85837 89154 93879 352249 528374 617177 561432 55745 55745 DEFERRED RENT 114886 CAPITAL LEASE OBLIGATIONS 13293 128179 5342280 49034 134495 183529 5158751 0 5158751 4918098 49034 134495 183529 4734569 0 4734569 PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE DEDUCTED FROM REVENUE ON 990 134,495. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE DEDUCTED FROM REVENUE ON 990 134,495. ANNUAL DINNER 154650 89650 65000 73056 20000 41439 154650 89650 65000 73056 20000 41439 134495 -69495 X X X X 0 0 0 0 0 0 0 1 0 BARRY BROOME PRESIDENT/CEO 293483 0 227240 0 56272 0 15600 0 22100 0 614695 0 0 0 CHRIS CAMACHO PRESIDENT/CEO 167812 0 13491 0 9179 0 11009 0 15664 0 217155 0 0 0 BRAD SMIDT SENIOR VP BUSINESS DEVELOPMENT 131021 0 13071 0 5850 0 9136 0 15591 0 174669 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 OFFICE SUPPLIES 1 13798 FAIR MARKET VALUE X AIRLINE TICKETS 1 12000 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER OF DONORS IS LISTED. FORM 990, PART III, LINE 2 ADDITION OF GRANT AWARD AND GRANT SUBAWARD FORM 990, PART VI, SECTION A, LINE 2 BOARD 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 WILL REVIEW THE CPA 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 117,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117,500. RESEARCH CONTRACTORS & SERVICES: PROGRAM SERVICE EXPENSES 490,639. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 490,639. BUSINESS DEVELOPMENT CONTRACTORS`: PROGRAM SERVICE EXPENSES 6,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,250. FORM 990, PART IX, LINE 24E IN-KIND SERVICES: PROGRAM SERVICE EXPENSES -16,290. MANAGEMENT AND GENERAL EXPENSES -32,744. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -49,034. 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.