2018-03-12T15:55:20-05:00 2017-04-30 BDO USA LLP 100 SE 2ND STREET SUITE 1700 MIAMI FL 33131 990 2016-05-01 590384382 Orange Bowl Committee Inc % BRIAN PARK CFO ORAN 3053414700 14360 NW 77th Court Miami Lakes FL 33016 ERIC L POMS CEO 2018-02-15 true Josephine Scott P00444367 3053818000 38.142.41.122 60187320180715000036 2018-03-12 P 8F7BA68D42C5E5DCCD9633B47D7724FF0B160AB4 ACEA4222F5E2089C379CB0271189A18F26DA2B98 2016 2021-01-29 14:40:06Z Eric L Poms 14360 NW 77th Court Miami Lakes FL 33016 29023514 false X www.orangebowl.org X 1971 FL See Schedule O 24 24 80 776 0 1042235 348925 20920275 17647090 1591282 1009718 0 0 23553792 19005733 871175 1831003 0 0 4232236 4137164 0 0 0 16118607 12622779 21222018 18590946 2331774 414787 57754595 63549252 3989606 4812403 53764989 58736849 X THE ORANGE BOWL COMMITTEE EXISTS AS AN INDEPENDENT ORGANIZATION TO SUPPORT AND PRODUCE ACTIVITIES AND EVENTS THAT ENHANCE THE IMAGE, ECONOMY, AND CULTURE OF SOUTH FLORIDA true false 11954575 0 16543086 THIS PAST YEAR, THE COMMITTEE HOSTED THE CAPITAL ONE ORANGE BOWL GAME AND AFFILIATED FESTIVAL EVENTS PROMOTING SOUTH FLORIDA TOURISM AND ATTRACTING TENS OF THOUSANDS OF VISITORS WHO FUEL THE LOCAL ECONOMY WITH MILLIONS OF DOLLARS. THIS TRANSLATES INTO JOBS AND BENEFITS LOCAL BUSINESSES, IN LINE WITH OUR MISSION. BASED ON ECONOMIC IMPACT STUDIES, IT IS ESTIMATED OUR 2016-17 BOWL GAME AND FESTIVAL EVENTS GENERATED OVER $225 MILLION IN ECONOMIC IMPACT AND MEDIA ADDED VALUE FOR SOUTH FLORIDA. Continued on Schedule O 625013 299004 262917 FOR THE PAST 19 YEARS, THE COMMITTEE HAS FINANCIALLY SUPPORTED LOCAL YOUTH SPORTS LEAGUES, GENERATING COMPETITION AND FUNDING AN ARRAY OF GRANTS, DONATIONS AND COMMUNITY PROGRAMS TO SUPPORT THIS COMPETITION. THE COMPETITION RUNS THROUGHOUT THE FOOTBALL SEASON, CULMINATING IN THE OB YOUTH CHEERLEADING CHAMPIONSHIPS. Continued on Schedule O 1072530 1072530 The obc made a charitable contribution for the renovation of harris field park; an existing city park located in the city of homestead. The committee entered into an agreement with the city of homestead to supervise and oversee on a turnkey basis the installation of a new synthetic turf football and soccer field, a new sound system, and a new scoreboard at harris field to be used for youth athletic competitions, as well as the community at large. the project also included renovations of restrooms, locker roooms, concessions, press box, and associated improvments. 1212105 459469 841082 14864223 true true false true false false false false false false true true false false true true true false false false false false false false false false false true true true false false false false false false false true false false false false true false false false false true 49 0 80 true false false false false false false false false false false X 24 24 false false false false true true true true true false false true true true true true true true true false FL X BRIAN PARK CFO 3053414700 14360 NW 77TH COURT miami lakes FL 33016 SHAUN MDAVIS DIRECTOR 0.0 0.0 X 0 0 0 ANN E POPE DIRECTOR 0.0 0.0 X 0 0 0 Vicki H Mathews DIRECTOR 0.0 0.0 X 0 0 0 timothy a battle Director 0.0 0.0 X 0 0 0 LEE STAPLETON DIRECTOR, OFFICER 0.0 0.0 X X 0 0 0 MICHAEL CHAVIES DIRECTOR, OFFICER 0.0 0.0 X X 0 0 0 DON SLESNICK DIRECTOR, OFFICER 0.0 0.0 X X 0 0 0 FRANK GONZALEZ DIRECTOR, OFFICER 0.0 0.0 X X 0 0 0 SEAN PITTMAN DIRECTOR, OFFICER 0.0 0.0 X X 0 0 0 O Ford Gibson DIRECTOR 0.0 0.0 X 0 0 0 CHRISTOPHER E KNIGHT DIRECTOR 0.0 0.0 X 0 0 0 DOUGLAS P WILEY DIRECTOR 0.0 0.0 X 0 0 0 MATTHEW E MORRALL DIRECTOR 0.0 0.0 X 0 0 0 ALBERT E DOTSON JR DIRECTOR 0.0 0.0 X 0 0 0 JOSE C ROMANO DIRECTOR, officer 0.0 0.0 X X 0 0 0 JOHN P SEILER DIRECTOR 0.0 0.0 X 0 0 0 JEFF E RUBIN DIRECTOR, officer 0.0 0.0 X X 0 0 0 marlon a hill DIRECTOR 0.0 0.0 X 0 0 0 YVONNE TURNER JOHNSON DIRECTOR 0.0 0.0 X 0 0 0 henry viera DIRECTOR 0.0 0.0 X 0 0 0 salo Sredni DIRECTOR 0.0 0.0 X 0 0 0 robert w hudson DIRECTOR 0.0 0.0 X 0 0 0 SHAWN D CREWS DIRECTOR 0.0 0.0 X 0 0 0 PETER T PRUITT JR DIRECTOR 0.0 0.0 X 0 0 0 suzanne amaducci-adams DIRECTOR 0.0 0.0 X 0 0 0 MARIO TRUEBA DIRECTOR 0.0 0.0 X 0 0 0 GERALD GRANT JR DIRECTOR 0.0 0.0 X 0 0 0 BRADLEY D HOUSER DIRECTOR, officer 0.0 0.0 X X 0 0 0 ROBERT J SHAFER JR DIRECTOR 0.0 0.0 X 0 0 0 ERIC L POMS CHIEF EXECUTIVE OFFICER 60.0 0.0 X 663473 0 47220 BRIAN PARK CHIEF FINANCIAL OFFICER 60.0 0.0 X 256814 0 31928 JARRETT NASCA CHIEF OPERATING OFFICER 60.0 0.0 X 282489 0 35098 JOHN R MAS DIRECTOR, PARTNERSHIPS 60.0 0.0 X 118952 0 22465 MITCH MORRALL VP-OPERATIONS & SPECIAL EVENTS 60.0 0.0 X 159211 0 29497 ANA HERNANDEZ CHIEF MARKETING OFFICER 60.0 0.0 X 253008 0 35745 SEAN GLYNN CONTROLLER 60.0 0.0 X 126498 0 26716 LARRY WAHL VP-COMMUNICATIONS 60.0 0.0 X 127195 0 24800 L DAWSON HUGHES VP-BUSINESS DEVELOPMENT 60.0 0.0 X 135033 0 1640 2122673 0 255109 9 true true false act productions inc 407 LINCOLN ROAD SUITE 302 MIAMI BEACH FL 33139 765896 CENTERPLATE 2187 ATLANTIC STREET STAMFORD CT 06902 681917 SPERO MEDIA 295 MADISON AVENUE SUITE 1808 NEW YORK NY 10017 562591 SILVERMAN GROUP INC 436 ORANGE STREET NEW HAVEN CT 06511 352997 AAA FLAG AND BANNER INC 681 NW 108TH Street MIAMI FL 33168 181049 5 198375 150550 348925 ORANGE BOWL GAME 711210 14687528 14687528 ORANGE BOWL FESTIVAL 711300 1233661 1233661 GAME RELATED PROGRAMS 711210 695291 695291 COMMUNITY PROGRAMS 711300 738379 738379 OTHER PROGRAM SERVICE INCOME 711300 292231 292231 17647090 1380314 1380314 0 0 0 0 0 9647185 10017781 -370596 -370596 -370596 0 0 0 0 0 0 0 0 0 0 19005733 17647090 1009718 1810378 1810378 20625 20625 0 0 1740539 671571 1068968 0 0 1919852 1349531 570321 100667 57926 42741 203723 128550 75173 172383 111449 60934 0 139212 139212 51500 51500 18000 18000 0 148483 148483 513056 278081 234975 750266 418875 331391 193470 100359 93111 150102 34375 115727 0 187973 151846 36127 327789 194996 132793 0 18270 5987 12283 0 0 340943 256833 84110 213164 22632 190532 EVENT COSTS 8565900 8565900 0 OTHER 844978 530697 314281 CREDIT CARD FEES 159673 153612 6061 18590946 14864223 3726723 0 1389802 2742927 2992980 729996 350000 185000 137929 1524988 0 0 0 0 0 0 0 0 334843 281540 10575746 3551274 7306434 7024472 38216789 40985081 7025818 10075248 0 0 0 0 0 0 57754595 63549252 2708235 2390131 0 0 1048065 642061 0 0 0 0 0 0 0 0 0 0 233306 1780211 3989606 4812403 X 53764989 58736849 0 0 0 0 53764989 58736849 57754595 63549252 414787 4557073 X false true X true false X 1042755 541765 258225 1042235 348925 3233905 49786491 16498305 15957486 20920275 17647090 120809647 0 0 0 50829246 17040070 16215711 21962510 17996015 124043552 2560160 2560160 0 2560160 2560160 121483392 780583 1193172 1296283 1367767 1380314 6018119 0 780583 1193172 1296283 1367767 1380314 6018119 0 0 51609829 18233242 17511994 23330277 19376329 130061671 0.93405 0.92237 0.04627 0.04117 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false false true 19954 false false 19954 false PART Il-B, LINE 1G DESCRIPTION OF LOBBYING ACTIVITIES: outside CONSULTANTS, OFFICERS, VOLUNTEERS AND KEY EMPLOYEES CONTACTED AND MET WITH LOCAL GOVERNMENT OFFICIALS TO ENSURE GRANTS TO FUND CHARITABLE PROJECTS AND ACTIVITIES OF THE ORGANIZATION WERE EITHER INCLUDED IN A GOVERNMENTAL BUDGET OR in A RESOLUTION PASSED BY SUCH GOVERNMENTAL BODY. 0 1925133 1925133 0 5152327 1137084 4015243 0 3143989 2286729 857260 0 354297 127461 226836 7024472 VARDE INVESTMENT PARTNERSHIP 2529977 F TEMPO VOLATILITY FUND, LTD 2507067 F HUTCIN HILL CAPITAL DOMESTIC F 2504956 F MAN ALTERNATIVE RISK PREMIA SP 2533248 F 10075248 0 DUE TO CITY OF MIAMI-MOORE PAR 59839 DUE TO MIAMI-DADE COUNTY-IVES 93105 DUE TO THE CITY OF HOMESTEAD 1627267 DUE TO ATLANTIC COAST CONFERENCE 0 1780211 X 23414323 4557073 4557073 18857250 148483 148483 19005733 18442463 18442463 148483 148483 18590946 PART X, LINE 2 The committee assesses its tax position in accordance with "accounting for uncertainties in income taxes "as prescribed by the accounting standards codification, which provides guidance for financial statement recognition and measurement of uncertain tax positions taken or expected to be taken in a tax return for open tax years (generally a period of three years from the later of each return's due date or the date filed) that remain subject to examination by the committee's major tax jurisdictions. Generally, the committee is no longer subject to income tax examinations by its major taxing authorities for years before April 30, 2014. The committee assesses its tax positions and determines whether it has any material unrecognized liabilities for uncertain tax positions. The committee records these liabilities to the extent it deems them more likely than not to be incurred. Interest and penalties related to uncertain tax positions, if any, would be classified as a component of income tax expense. The committee believes that it does not have any significant uncertain tax positions requiring recognition or measurement. PART X, LINE 1 AND FORM 990, PAGE 11, LINE 25, COLUMN (B): OTHER LIABILITIES: DUE TO THE CITY OF MIAMI-MOORE PARK STADIUM PROJECT: DURING JANUARY OF 2009, THE COMMITTEE ENTERED INTO AN AGREEMENT WITH THE CITY OF MIAMI TO MAKE A CHARITABLE CONTRIBUTION OF $3.15 MILLION TO RENOVATE AN EXISTING CITY PARK IN ONE OF MIAMI'S MOST UNDERPRIVILEGED AREAS TO SERVE HIGH SCHOOL AND YOUTH SPORTS COMPETITION AND SERVE THE COMMUNITY AT LARGE. AS OF APRIL 30, 2017, THE BALANCE DUE TO THE CITY OF MIAMI WAS $59,839. DUE TO MIAMI-DADE COUNTY-IVES ESTATES DISTRICT PARK PROJECT: DURING JANUARY OF 2014, THE COMMITTEE ENTERED INTO AN AGREEMENT WITH MIAMI-DADE COUNTY TO MAKE A CHARTIBLE CONTRIBUTION OF $1.2 MILLION FOR THE CONVERSION OF AN EXISTING NATURAL TURF SOCCER FIELD INTO AN ARTIFICIAL TURF FIELD AND THE INSTALLATION OF A NEW SOCREBOARD AT IVES ESTATES DISTRICT PARK, A MUNICIPAL PARK IN MIAMI-DADe COUNTY. AS OF APRIL 30, 2017, THE BALANCE DUE TO THE COUNTY WAS $93,105. DUE TO THE CITY OF HOMESTEAD: DURING MAY OF 2016, THE COMMITTEE ENTERED INTO AN AGREEMENT WITH THE CITY OF HOMESTEAD TO MAKE A CHARITABLE CONTRIBUTION OF $1,072,000 FOR THE RENOVATION OF HARRIS FIELD (AN EXISTING CITY PARK LOCATED IN THE CITY OF HOMESTEAD TO BE USED FOR YOUTH ATHLETIC COMPETITIONS), TO SUPERVISE AND OVERSEE ON A TURNKEY BASIS THE INSTALLATION OF A NEW SYNTHETIC TURF FOOTBALL AND SOCCER FIELD AND A NEW SCOREBOARD AT HARRIS FIELD, AS WELL AS THE COMMUNITY AT LARGE. AS OF APRIL 30, 2016, THE BALANCE DUE TO THE CITY OF HOMESTEAD WAS $1,627,267. true NAT MOORE FOUNDATION 16911 NE 6TH AVE NORTH MIAMI BEACH FL 33162 650815097 501(C)(3) 6000 General Assistance ATLANTIC COAST CONFERENCE 4512 WEYBRIDGE LANE GREENSBORO NC 27407 560599082 501(C)(3) 31000 HOSPITALITY MAKE-A-WISH FOUNDATION OF SOUTHERN FLORIDA 4491 SOUTH STATE RAOD T STE 201 FORT LAUDERDALE FL 33314 592620322 501(C)(3) 25000 General Assistance SPECIAL OLYMPICS FLORIDA INC 1915 DON WICKHAM DRIVE CLERMONT FL 34711 237181560 501(C)(3) 25000 General Assistance BROWARD PERFORMING ARTS FOUNDATION INC 201 SW 5TH AVENUE Fort Lauderdale FL 33316 592657043 501(c)(3) 7379 Hospitality Coral Reef Yacht Club 2484 South Bayshore Drive Miami FL 33133 590776439 12000 support for the orange bowl international youth regatta Florida Youth Football League 7570 S Federal Highway Suite 4L Lantana FL 33462 270321034 501(c)(3) 7500 support for youth football league Glades Tri-City Youth Athletic League PO BOX 286 PAHOKEE FL 33476 204977160 7500 Support for Youth Football Teams Junior Orange Bowl Committee Inc 1390 S Dixie Hwy Suite 202 Coral Gables FL 33146 592189635 501(c)(3) 50000 General Support Key West Jr Football League Inc 3155 Flagler Avenue Key West FL 33040 200251207 12500 support for youth football teams Miami-Dade Extreme Youth Football League Inc 14629 sw 104th street 234 miami FL 33186 650479441 7500 support for youth football teams National Youth Football League of America 18620 nw 67th avenue miami FL 33045 030597551 7500 support for youth football league one hundred black men of south florida inc 10022 hammocks blvd suite 201 miami FL 33196 650138060 501(c)(3) 10000 scholarship program palm beach county sports commission inc 1555 palm beach lakes blvd no 141 west palm beach FL 33401 650263296 501(c)(3) 15000 support for the annual lou graze award palm beach county youth football league inc po box 20216 west palm beach FL 33416 592341857 501(c)(3) 13500 support for youth football teams united states tennis association incorporated 70 west red oak lane white plains NY 10604 135459420 501(c)(6) 15000 support for the 2016 orange bowl international tennis championship west boyton football league inc 5685 muirfield village circle lake worth FL 33463 611523239 501(c)(3) 10000 support for youth football teams western communities football league 12207 old country road wellington FL 33414 650525236 501(c)(3) 12500 support for youth football teams City of Homestead 100 civic court homestead FL 33030 596000339 1072530 refurbish athletic stadium First Tee Miami-Dade Amateur Golf Association 1802 nw 37th ave miami FL 33125 237069300 501(c)3 150000 golf program for youth donors choose 134 west 37th street floor 11 new york NY 10018 134129457 501(c)3 75000 funding for teachers classroom projects BIG BROTHERS BIG SISTERS OF MIAMI 550 NW 42 AVE MIAMI FL 33126 596166904 501(c)3 25000 general support Fellowship of Christian Athletes 8701 Leeds Road Kansas City MO 64129 440610626 501(c)3 7500 general support 16 7 COLLEGE SCHOLARSHIPS GIVEN DIRECTLY TO INDIVIDUALS 24 20625 n/a n/a PART I, LINE 2: The monitoring of grant funds is dependent on the nature and the recipient of the grant. in some cases, the recipient is required to report back on how the grant is used. others are not required to report; however, in some cases, joint checks are issued to insure the grant is properly used. X true true X X X X X X false false false true false false false false false ERIC L POMS CHIEF EXECUTIVE OFFICER 459000 0 180907 0 23566 0 30380 0 16840 0 710693 0 0 0 BRIAN PARK CHIEF FINANCIAL OFFICER 176126 0 73538 0 7150 0 18467 0 13461 0 288742 0 0 0 JARRETT NASCA CHIEF OPERATING OFFICER 176126 0 104834 0 1529 0 18387 0 16711 0 317587 0 0 0 L DAWSON HUGHES VP-BUSINESS DEVELOPMENT 35710 0 97776 0 1547 0 1428 0 212 0 136673 0 0 0 MITCH MORRALL VP-OPERATIONS & SPECIAL EVENTS 117422 0 41789 0 0 0 11237 0 18260 0 188708 0 0 0 ANA HERNANDEZ CHIEF MARKETING OFFICER 176126 0 74801 0 2081 0 18387 0 17358 0 288753 0 0 0 SEAN GLYNN CONTROLLER 95038 0 31460 0 0 0 8709 0 18007 0 153214 0 0 0 LARRY WAHL VP-COMMUNICATIONS 94447 0 32748 0 0 0 9027 0 15773 0 151995 0 0 0 PART I, LINE 1A IT IS THE WRITTEN OBC POLICY THAT SPOUse TRAVEL IS ONLY APPROVED WHERE IT IS RELEVANT FOR BUSINESS PURPOSES. THE CEO SHALL APPROVE THE TRAVEL OF AN OBC MEMBER OR EMPLOYEE'S SPOUSE. THE CHAIRMAN SHALL APPROVE THE TRAVEL OF THE CEO'S SPOUSE. PART I, LINE 5 THE COMMITTEE MAY PAY SUPPLEMENTAL COMPENSATION TO ITS STAFF BASED ON ACHIEVING A variety OF INDIVIDUAL AND ORGANIZATIONAL FINANCIAL GOALS INCLUDING TICKET SALES AND SPONSORSHIP REVENUE tim battle board member see part v false SCHEDULE L, PART V The board of directors requires any member that provides services to the obc and is on the board of directors or a committee that is involved with their areas of expertise needs to disclose the relationship and abstain from voting or decision making that involves their entity. The organization has done business with keen battle mead relative to most of its insurance requirements for many years, including prior to when timothy battle, a principal from keen battle mead, was elected as a member of the orange bowl committee. Mr. Battle was there after elected to the board of directors for 2010-13 and re-elected in 2016. The board of directors voted to approve a renewal contract with keen battle mead for 2016-17 subject to obc staff ensuring that the terms were fair market value or more favorable to the OBC than market rates, which it did through a review by the risk management committee. Mr. Battle was not involved in the risk management committee's review and did not participate in the vote to approve the contract. It should be noted that while the annual premiums, inclusive of the commissions, paid to keen battle mead are $353,570 the commissions retained by keen battle mead are approximately only $38,865. The retained commission of 11% is well within industry norms. Form 990, Part I, Line 1, Description of Organization Mission: The orange bowl committee exists as an independent organization to Support and produce activities and events that enhance the image, Economy and culture of south florida. Over its 83-year history, the Non-profit, volunteer-driven organization has grown beyond hosting one of the nation's premier college football games, to include a festival of events that drive tourism, inspire youth and improve life in the South florida community. Orange bowl programs and events include the Metropcs orange bowl basketball classic, orange bowl youth football Alliance, orange bowl cheer & Dance championships, orange bowl international youth regatta, orange Bowl international tennis championships, orange bowl swim classic, Orange bowl paddle championship, orange bowl lacrosse classic, orange bowl drive for excellence girls golf program, orange bowl florida high school showcase and the Orange bowl leadership academy. The organization also provides Funding for scholarships and community improvements that grant new Opportunities to south Floridas youth. FORM 990, PART III, LINE 2: Please refer to part iii line 4c for a description of the new services undertaken by the orange bowl committee, inc that were not listed in the prior form 990. Form 990, part iii, line 4a continuation: In addition to assigning television and title sponsorship rights to the atlantic coast conference, over eighteen percent of the committee's expenses (more than $3,400,000) were paid directly to the acc and therefore benefits higher education through the participating institution's conferences, while more than 42% went towards producing game and festival events. Form 990, part iii, line 4b continuation: In this fiscal year, the committee provided funding and hundreds of volunteer and staff hours to host the ob cheer and dance championships, provided support for a television program that features youth football and participated in regular "park of the week" presentations to serve the more than 15,000 young football players and cheerleaders annually who participate in the orange bowl youth football alliance. Form 990, part iii, line 4d, other program services: The committee provides scholarships to deserving college bound high school students. During the year, the committee funded scholarships for 24 individuals and made grants to scholarship funds for nine organizations, including five universities. Additionally, the committee organized and hosted the orange bowl Florida high school football showcase to provide high school seniors the opportunity to use their football and academic skills to attend college. In its inaugural year, 44 colleges attended the showcase awarding $1.5MM in scholarships to attendees. The obc also developed and managers the orange bowl leadership academy, a program designed to engage and inspire middle school youth to maximize their potential to become future successful community leaders through access and exposure to career development, personal leadership and life skills. The committee supports organizations and events both in and outside of south Florida on an annual basis, such as junior orange bowl, orange bowl international tennis championships, orange bowl international youth regatta, first tee miami girls golf program, extra yard for teachers, make-a-wish southern florida, big brothers big sisters of greater miami, and both broward and miami-dade counties special olympics, and other funds and groups. Expenses $1,256,775 revenues $841,082 FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS HAVE THE RIGHT TO VOTE IN THE ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS AND TO VOTE TO APPROVE CERTAIN DECISIONS OF THE BOARD OF DIRECTORS AS DESCRIBED IN THE EXPLANATIONS FOR QUESTIONS 7A AND 7B. NO MEMBERS OF THE ORGANIZATION HAVE THE RIGHT TO RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A All members in good standing per the by-laws, excluding collegiate representative members, honorary members, members at large, emeritus members and active members until the completion of their second festival, have the right to vote for members of the board of directors. Each year The election will include the second vice-chair, one-two past chairs/presidents, and six-seven at-large directors (for a two-year term). FORM 990, PART VI, SECTION A, LINE 7B All members in good standing per the by-laws, excluding collegiate representative members, honorary members, members at large, emeritus members and new active members until the completion of their second festival, have the right to vote on the following matters: election of new members, election of the 2nd vice chair, election of and removal of board members, the amount of charges for membership benefits as well as dues and assessments, the criteria for new members to meet before they are elected, the purchase, sale or encumbrance of any real property, the election of members to the membership services committee, any amendment to the articles of incorporation or bylaws of the committee, the annual budget for the committee and any contract with a term of one year or more and which has aggregate expenditures of more than $1,000,000.00 (whether lump sum or installment), with the exception of employment agreements. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS INITIALLY REVIEWED BY THE ORGANIZATION'S CEO, CFO, TREASURER, AND AUDIT COMMITTEE AND THEN PRESENTED TO BOARD OF DIRECTORS FOR APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF THE COMMITTEE THAT ANY BUSINESS DONE WITH ANY MEMBER OR MEMBER'S COMPANY MUST BE FAIR, REASONABLE AND COMPETITIVE WITHIN THE MARKETPLACE, AND HAVE THE PRIOR APPROVAL OF THE BOARD. WHENEVER SUCH BUSINESS IS BEING DISCUSSED AND VOTED ON BY THE BOARD, ANY MEMBER(S) WITH AN INTEREST IN SAID BUSINESS MUST DISCLOSE SUCH INTEREST, NOT PARTICIPATE IN BOARD DISCUSSIONS AND ABSTAIN FROM VOTING. ALSO, ANNUALLY EACH BOARD MEMBER AND KEY EMPLOYEE MUST COMPLETE A CONFIDENTIAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 Line 15a: The compensation of the ceo is established by the board of directors through a transparent, structured and thoughtful process designed to ensure the reasonableness of such compensation, Which process is documented in the minutes of the meetings of the board of directors. It involves both internal (employee performance assessment) and external (marketplace surveys and comparables for similarly situated entities) reviews. The compensation committee of the board of directors is charged with recommending to the board the compensation of the ceo. In making the recommendation, the bylaws require compliance with the requirements for the rebuttable presumption of reasonableness in accordance with the "intermediate sanctions" regulations under section 4958 of the code. The members of the board of directors are elected annually by the 300 plus membership of the organization and are subject to term limits to assure their independence and community orientation. Line 15b: THE COMPENSATION OF THE CHIEF OPERATING OFFICER, chief marketing officer, AND CHIEF FINANCIAL OFFICER IS SET IN THE SAME MANNER AS THAT OF THE CEO, BY RECOMMENDATION OF THE COMPENSATION COMMITTEE AND APPROVAL BY THE BOARD OF DIRECTORS after review of market place surveys and comparables for similarly-situated entities. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS RECOMMENDED BY THE CEO TO A COMPENSATION COMMITTEE FOR ITS APPROVAL. THE COMPENSATION COMMITTEE IN ITS REVIEW TAKES INTO CONSIDERATION INFLATION, EXPERIENCE, PERFORMANCE, SURVEYS OF SIMILAR ORGANIZATION AND OUTSIDE COMPENSATION CONSULTANTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS. CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C NO CHANGE HAS BEEN MADE IN THE ORGANIZATION'S AUDIT OVERSIGHT COMMITTEE PROCEDURES OR IN ITS SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART VII. SECTION B - INDEPENDENT CONTRACTORS Description of services by the following businesses: Act productions: production and/or talent fees for the pre-game parties, fan zones and halftime entertainment for the capital one orange bowl game. Centerplate: hospitality services at sun life stadium for the capital one orange bowl and bb&t center for the metropcs orange bowl basketball classic including contractually required events, some of which was offset by paid admission fees Spero media: tv, radio, outdoor, print, and digital media buying Silverman group inc: marketing services including strategic planning, collateral material development and digital media buying Aaa flag & banner: decor production, installation, and removal FORM 990, GENERAL COMMENT FORM 990 IS DESIGNED AS A FINANCIAL REPORTING VEHICLE. ITS NATURE DOES NOT ALWAYS ALLOW FOR DETAILED DESCRIPTIONS OF CERTAIN ITEMS. WE ENCOURAGE ANYONE VIEWING THIS DOCUMENT FOR ANY OTHER PURPOSE THAN THAT FOR WHICH IT IS INTENDED TO CONTACT THE ORANGE BOWL COMMITTEE WITH ADDITIONAL qUESTIONS. OBC MOORE PARK LLC 14360 NW 77TH COURT miami lakes FL 33016 331102438 Redevelopment FL 0 65368 orange bowl OB YOUTH SPORTS LLC 14360 NW 77TH COURT miami lakes FL 33016 351102435 Support SFL FL -210673 59377 orange bowl OB PROPERTY HOLDINGS LLC 14360 NW 77TH COURT MIAMI LAKES FL 33016 205062073 Real Estate FL -149470 5914206 orange bowl OB FESTIVAL EVENTS LLC 14360 NW 77TH COURT miami lakes FL 33016 800669297 Host Events FL 151542 1752691 orange bowl OB CARTER PARK LLC 14360 NW 77TH COURT miami lakes FL 33016 455473507 Redevelopment FL 0 0 orange bowl OB IVES ESTATES LLC 14360 NW 77TH COURT MIAMI LAKES FL 33016 462660660 Redevelopment FL 0 93105 orange bowl OB HARRIS FIELD LLC 14360 NW 77TH COURT MIAMI LAKES FL 33016 Redevelopment FL 0 1766929 orange bowl