2014-11-14T13:13:51-06:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2013-07-01 860539979 GREATER PHOENIX ECONOMIC COUNCIL GREA 6022567700 TWO NORTH CENTRAL AVENUE NO 2500 PHOENIX AZ 850042389 BARRY BROOME PRESIDENT & CEO 6022567700 2014-10-31 1 PHIL MCCOLLUM P00129716 6022662248 2013 2015-11-30 17:44:51Z BARRY BROOME TWO NORTH CENTRAL AVENUE NO 2500 PHOENIX AZ 850042389 5205148 0 X WWW.GPEC.ORG X 1989 AZ ATTRACTS QUALITY BUSINESSES AND ADVOCATES EFFORTS TO IMPROVE COMPETITIVENESS OF GREATER PHOENIX. 70 69 44 90 0 0 4763979 5112076 0 0 9844 10759 -67488 -51486 4706335 5071349 0 0 0 0 3214050 3072580 0 0 233432 1516657 1990613 4730707 5063193 -24372 8156 1970309 2172071 853315 1046921 1116994 1125150 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 4132341 DURING FY 2014, 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. 4132341 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 21 0 1 44 1 0 0 0 0 0 1 1 0 0 0 0 X 70 69 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 AZ X DAN ERNEST 6022567700 2 N CENTRAL AVENUE STE 2500 PHOENIX AZ 85004 BARRY BROOME PRESIDENT & CEO 40.00 X X 392457 0 87315 WILLIAM PEPICELLO PHD IMMEDIATE PAST CHAIR 1.00 X 0 0 0 JAMES LUNDY CHAIRMAN 1.00 X X 0 0 0 R NEIL IRWIN TREASURER 1.00 X X 0 0 0 RICHARD C ADKERSON MEMBER 1.00 X 0 0 0 JASON BAGLEY MEMBER 1.00 X 0 0 0 RON BUTLER MEMBER 1.00 X 0 0 0 BRIAN CAMPBELL MEMBER 1.00 X 0 0 0 MICHAEL CROW PHD MEMBER 1.00 X 0 0 0 KATHLEEN H GOEPPINGER PHD MEMBER 1.00 X 0 0 0 SHARON HARPER MEMBER 1.00 X 0 0 0 DON KILE MEMBER 1.00 X 0 0 0 TAMMY MCLEOD SECRETARY 1.00 X X 0 0 0 DAVID ROUSSEAU MEMBER 1.00 X 0 0 0 DON SMITH VICE-CHAIR 1.00 X X 0 0 0 ANDY WARREN MEMBER 1.00 X 0 0 0 RICHARD B WEST III MEMBER 1.00 X 0 0 0 CHRIS ZAHARIS VICE-CHAIR 1.00 X X 0 0 0 CHUCK ALLEN MEMBER 1.00 X 0 0 0 JASON BARNEY MEMBER 1.00 X 0 0 0 THE HONORABLE ROBERT BARRETT MEMBER 1.00 X 0 0 0 NORMAN BUTLER MEMBER 1.00 X 0 0 0 JEFF CROCKETT MEMBER 1.00 X 0 0 0 WYATT DECKER MD MEMBER 1.00 X 0 0 0 RUFUS GLASPER PHD 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 DAN HENDERSON MEMBER 1.00 X 0 0 0 LYNNE HERNDON MEMBER 1.00 X 0 0 0 THE HONORABLE ROBERT JACKSON MEMBER 1.00 X 0 0 0 THE HONORABLE ANDY KUNASEK MEMBER 1.00 X 0 0 0 THE HONORABLE JOHN LEWIS MEMBER 1.00 X 0 0 0 THE HONORABLE 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 PAUL MAGALLANEZ MEMBER 1.00 X 0 0 0 CRAIG ROBB MEMBER 1.00 X 0 0 0 THE HONORABLE JEFF SERDY MEMBER 1.00 X 0 0 0 STEVEN M SHOPE PHD MEMBER 1.00 X 0 0 0 JAMES T SWANSON MEMBER 1.00 X 0 0 0 KARRIN KUNASEK TAYLOR MEMBER 1.00 X 0 0 0 DAN WITHERS MEMBER 1.00 X 0 0 0 HYMAN SUKIENNIK MEMBER 1.00 X 0 0 0 JOHN ZIDICH MEMBER 1.00 X 0 0 0 TIMOTHY BIDWILL MEMBER 1.00 X 0 0 0 GEORGE FORRISTALL MEMBER 1.00 X 0 0 0 LINDA HUNT MEMBER 1.00 X 0 0 0 THE HONORABLE LINDA KAVANAUGH MEMBER 1.00 X 0 0 0 THE HONORABLE MARIE LOPEZ ROGERS MEMBER 1.00 X 0 0 0 THE HONORABLE MARK MITCHELL MEMBER 1.00 X 0 0 0 ED NOVAK MEMBER 1.00 X 0 0 0 THE HONORABLE CHRISTIAN PRICE MEMBER 1.00 X 0 0 0 JOHN WELCH MEMBER 1.00 X 0 0 0 THE HONORABLE SHARON WOLCOTT MEMBER 1.00 X 0 0 0 ANN WEAVER HART PHD MEMBER 1.00 X 0 0 0 GERRIT VAN HUISSTEDE MEMBER 1.00 X 0 0 0 RICH MARCHANT MEMBER 1.00 X 0 0 0 CURTIS REED JR MEMBER 1.00 X 0 0 0 ED ZUERCHER MEMBER 1.00 X 0 0 0 STEVE BANTA MEMBER 1.00 X 0 0 0 THE HONORABLE DENNY BARNEY MEMBER 1.00 X 0 0 0 SCOTT BRADLEY MEMBER 1.00 X 0 0 0 MATT CLATT MEMBER 1.00 X 0 0 0 THE HONORABLE VINCENT FRANCIA MEMBER 1.00 X 0 0 0 WILLIAM JABJINIAK MEMBER 1.00 X 0 0 0 THE HONORABLE MICHAEL LEVAULT MEMBER 1.00 X 0 0 0 RYAN NOUIS MEMBER 1.00 X 0 0 0 ERIC ORSBORN MEMBER 1.00 X 0 0 0 THE HONORABLE JAY TIBSCHRAENY MEMBER 1.00 X 0 0 0 BRAD SMIDT VP BUSINESS DEVELOPMENT 40.00 X 140777 0 23756 JANET LABAR CHIEF PERFORMANCE OFFICER 40.00 X 135703 0 23420 SHELLEY PARNELL VP MARKETING 40.00 X 111682 0 20180 CHRIS CAMACHO EVP BUSINESS DEVELOPMENT 40.00 X 157149 0 16084 ANGELA TALBOT VP BUSINESS DEVELOPMENT 40.00 X 106255 0 15028 1044023 0 185783 6 0 1 0 0 86167 2035668 2990241 118543 5112076 10759 10759 82313 86167 133799 -51486 -51486 5071349 0 0 -40727 X 386268 176632 77254 132382 2142869 1749597 292222 101050 371487 316156 55331 171956 146344 25612 17838 17838 16315 16315 40053 40053 829708 719729 109979 56416 56416 171093 133674 37419 62602 45748 16854 340401 311827 28574 139636 139636 211342 211342 37401 27302 10099 36856 26933 9923 COMMUNICATIONS 23452 23452 BAD DEBT 7500 7500 5063193 4132341 697420 233432 539577 135480 1097903 1650000 208418 249203 50373 36800 11190 17218 800571 722325 62705 78246 143 5124 1970309 2172071 580177 772174 36385 74281 236753 200466 853315 1046921 X 908576 875947 208418 249203 1116994 1125150 1970309 2172071 8156 0 X X 0 1 X 1 0 X 4220632 4269919 4580206 4763979 5112076 22946812 4220632 4269919 4580206 4763979 5112076 22946812 825064 22121748 8720 5732 41776 9844 10759 76831 33475 15700 62800 82313 194288 23217931 47800 0.95280 0.95440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40053 40053 4092288 4132341 356617 89154 0 0 338173 333514 343348 356617 1371652 2057478 64811 40500 36205 40053 181569 84543 83379 85837 89154 342913 514370 800571 722325 78246 78246 DEFERRED RENT 172606 CAPITAL LEASE OBLIGATIONS 27860 200466 5205148 133799 133799 5071349 0 5071349 5196992 133799 133799 5063193 0 5063193 PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE DEDUCTED FROM REVENUE ON 990 133,799. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE DEDUCTED FROM REVENUE ON 990 133,799. ANNUAL DINNER 168480 86167 82313 62313 20000 51486 168480 86167 82313 62313 20000 51486 133799 -51486 X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 BARRY BROOME PRESIDENT & CEO 287590 0 43746 0 61121 0 65548 0 21767 0 479772 0 0 0 BRAD SMIDT VP BUSINESS DEVELOPMENT 125185 0 14768 0 824 0 8579 0 15177 0 164533 0 0 0 JANET LABAR CHIEF PERFORMANCE OFFICER 114630 0 21073 0 0 0 8274 0 15146 0 159123 0 0 0 CHRIS CAMACHO EVP BUSINESS DEVELOPMENT 130853 0 25691 0 605 0 9404 0 6680 0 173233 0 0 0 PART I, LINE 4B BARRY BROOME IS COVERED BY THE NON-QUALIFIED RETIREMENT PLAN. OF THE AMOUNTS REPORTED FOR HIM IN COLUMN C, $35,248 RELATED TO PRIOR YEARS DEFERRED COMPENSATION. X OFFICE SUPPLI 10 56543 MARKET X AIRLINE VOUCH 2 52000 MARKET X SPORTING EVEN 1 10000 MARKET 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE CFO WILL REVIEW THE CPA PREPARED FORM 990. THE AUDIT COMMITTEE WILL REVIEW AND RECOMMEND APPROVAL FOR FILING TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE 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. THE ORGANIZATION SIMPLY AVOIDS VENDOR RELATIONSHIPS WITH ANY RELATED PARTY. IN ADDITION TO THE ANNUAL ETHICS AND CONFLICTS OF INTEREST AFFIRMATIONS, FINANCE AND ACCOUNTING PERSONNEL REVIEW EXPENDITURES FOR COMPLIANCE WITH THIS POLICY. 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 COMMITTEES APPROVE THE CEO COMPENSATION EACH YEAR. THE PROCESS IS SIMILAR FOR SENIOR MANAGMENT. ALL COMPENSATION AND BONUSES ARE 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 RESEARCH & OTHER SERVICES: PROGRAM SERVICE EXPENSES 719,729. MANAGEMENT AND GENERAL EXPENSES 109,979. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 829,708. 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.