2017-08-07T11:32:52-05:00 2017-03-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2016-04-01 860902767 VALLEY OF THE SUN BOWL FOUNDATION VALL 4803500900 7135 E CAMELBACK ROAD NO 190 SCOTTSDALE AZ 85251 MICHAEL J NEALY EXECUTIVE DIRECTOR 4803500900 2017-07-28 1 JACQUELINE ECKMAN P01300648 6022662248 67.137.57.251 2017-07-28 11:18:22 US P 08F840E075ACB581FBD6619D481DF53759D1F891 39F8DF97AC880308412285B2578205EC56CD9826 2016 2021-01-29 14:40:06Z CACTUS BOWL MICHAEL J NEALY 7135 E CAMELBACK ROAD NO 190 SCOTTSDALE AZ 85251 4579613 0 X HTTPS://WWW.FIESTABOWL.ORG/CACTUS-BOWL.PHP X 2001 AZ VALLEY OF THE SUN BOWL FOUNDATION IS COMMITTED TO FOSTERING A CULTURE OF COMMUNITY INVOLVEMENT AND GIVING. 28 28 0 500 23200 19269 0 0 4397898 4574069 0 0 17448 5544 4415346 4579613 153 1562 0 0 578051 637922 0 0 0 4073454 3813785 4651658 4453269 -236312 126344 290899 1018493 16406074 17007324 -16115175 -15988831 VALLEY OF THE SUN BOWL FOUNDATION IS COMMITTED TO FOSTERING A CULTURE OF COMMUNITY INVOLVEMENT AND GIVING THROUGH THE ANNUAL CACTUS BOWL AND RELATED EVENTS. WE SERVE AS WELCOMING HOSTS, CREATE LIFELONG MEMORIES, PROMOTE ARIZONA, AND ENABLE MEANINGFUL CONTRIBUTIONS TO SOCIETY. 0 0 4014775 1562 3161053 VSBF ANNUALLY STAGES THE CACTUS BOWL, WHICH MATCHES TEAMS FROM THE BIG 12 AND PAC 12 CONFERENCES (OR MOUNTAIN WEST IF EITHER CONFERENCE CANNOT PROVIDE A TEAM). THE 28TH ANNUAL CACTUS BOWL WAS PLAYED ON DECEMBER 27, 2016 AT CHASE FIELD IN PHOENIX, ARIZONA. THE BAYLOR BEARS DEFEATED THE BOISE STATE BRONCOS 31-12. THE GAME WAS TELEVISED BY ESPN. 4014775 1 0 0 1 0 0 0 0 0 0 1 0 0 0 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 58 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AZ X X CURT KRIZAN 4803500900 7135 E CAMELBACK ROAD NO 190 SCOTTSDALE AZ 85251 RAY ARTIGUE DIRECTOR 1.00 5.00 X 0 0 0 NIKKI BALICH SECRETARY 1.00 5.00 X X 0 0 0 PATRICK BARKLEY TREASURER 1.00 5.00 X X 0 865 0 BRETT BENTON DIRECTOR AT-LARGE 1.00 5.00 X 0 0 0 JUDY BERNAS DIRECTOR 1.00 5.00 X 0 1360 0 JIM BRUNER DIRECTOR 1.00 5.00 X 0 0 0 JOHN CURRIE DIRECTOR 1.00 5.00 X 0 0 0 ANN DAMIANO DIRECTOR 1.00 5.00 X 0 1070 0 GONZALO DE LA MELENA DIRECTOR 1.00 5.00 X 0 0 0 BRIAN HALL DIRECTOR 1.00 5.00 X 0 1360 0 GARY HANSON DIRECTOR 1.00 5.00 X 0 0 0 JAMES HATFIELD DIRECTOR 1.00 5.00 X 0 0 0 MIKE HECOMOVICH CHAIR 1.00 5.00 X X 0 600 0 RICHARD HORN DIRECTOR 1.00 5.00 X 0 0 0 COLLEEN JENNINGS-ROGGENSACK DIRECTOR 1.00 5.00 X 0 0 0 DEREK KERR DIRECTOR 1.00 5.00 X 0 0 0 STEVE LEACH CHAIR ELECT 1.00 5.00 X X 0 719 0 ROB LONGO DIRECTOR 1.00 5.00 X 0 0 0 ANDY MCCAIN DIRECTOR 1.00 5.00 X 0 0 0 CHUCK O'CONNOR DIRECTOR 1.00 5.00 X 0 0 0 JAY PARRY DIRECTOR 1.00 5.00 X 0 0 0 RAMEY PERU DIRECTOR 1.00 5.00 X 0 0 0 MARCUS SIPOLT DIRECTOR 1.00 5.00 X 0 1360 0 ANDREW STEGEN DIRECTOR 1.00 5.00 X 0 0 0 MATT WINTER IMMEDIATE PAST CHAIR 1.00 5.00 X X 0 727 0 RON MINEGAR DIRECTOR 1.00 5.00 X 0 0 0 KELLY MERO DIRECTOR 1.00 5.00 X 0 0 0 RANDY NORTON DIRECTOR 1.00 5.00 X 0 1070 0 BRYAN SPERBER DIRECTOR 1.00 5.00 X 0 0 0 DENISE SEOMIN DIRECTOR 1.00 5.00 X 0 0 0 MIKE WILCOX DIRECTOR 1.00 5.00 X 0 0 0 TIM BROWN DIRECTOR 1.00 5.00 X 0 0 0 DR JAVIER CARDENAS DIRECTOR 1.00 5.00 X 0 0 0 TOM O'MALLEY DIRECTOR 1.00 5.00 X 0 0 0 DAWN ROGERS DIRECTOR 1.00 5.00 X 0 0 0 MICHAEL NEALY EXECUTIVE DIRECTOR 4.00 36.00 X 0 725619 32538 CURT KRIZAN CHIEF FINANCIAL OFFICER 4.00 36.00 X 0 274612 27893 SHANNON WILLIAMS CHIEF MARKETING OFFICER 4.00 36.00 X 0 187743 11818 BOB WHITEHOUSE VP OF OPERATIONS 4.00 36.00 X 0 234232 25616 TRACY GUERRA SR. DIR OF GAME & EVENTS 4.00 36.00 X 0 119281 1373 PEGGY EYANSON SR. DIRECTOR OF BUSINESS O 4.00 36.00 X 0 123415 13212 JUSTIN BRICKNER VP OF SALES 4.00 36.00 X 0 149094 13570 STEPHANIE JENSEN CONTROLLER 4.00 36.00 X 0 115998 16206 0 1939125 142226 0 0 1 0 PARAMOUNT PROMOTIONS 3440 E ROESER RD PHOENIX AZ 85040 SIGNAGE 206548 T&B EQUIPMENT 11065 LEADBETTER RD ASHLAND VA 23005 EQUIPMENT RENTAL 180938 PERFORMANCE AWARD CENTER PO BOX 961094 FT FORTH TX 76161 HOSPITALITY 122530 3 GAME REVENUE 711300 3091064 3091064 QUALIFIED SPONSORSHIPS 711300 1389816 1389816 AKNOWLEDGEMENTS 711300 69989 69989 ADVERTISING 711300 23200 23200 4574069 5544 5544 4579613 3161053 23200 1395360 X 1562 1562 155480 119720 35760 389482 299901 89581 61334 47227 14107 31626 24352 7274 3747 3747 11150 11150 36521 36521 145460 145460 57284 30893 26391 31530 31530 39436 39436 39508 39508 37182 33261 3921 68385 68385 33014 33014 UBI TAX 3950 3950 GAME EXPENSES 3038946 3038946 GAME PROMOTIONS & HOSPI 236932 236932 DUES & SUBSCRIPTIONS 30040 30040 700 700 4453269 4014775 438494 0 247622 995290 9702 0 4219 4511 38851 20159 29356 18692 290899 1018493 279 19914 268615 106638 16137180 16880772 16406074 17007324 X -16115175 -15988831 -16115175 -15988831 290899 1018493 126344 0 X X 0 1 X 1 0 X 2000 1500 3500 4071376 4346767 3004439 3372572 3161053 17956207 2558334 2608993 838265 1017826 1389816 8413234 6631710 6955760 3844204 4390398 4550869 26372941 3676570 3887011 1018100 1567775 1826630 11976086 586117 233334 306164 1125615 3676570 3887011 1604217 1801109 2132794 13101701 13271240 18221 65589 17928 17448 5544 124730 20554 5862 19269 45685 18221 65589 38482 23310 24813 170415 6649931 7021349 3882686 4413708 4575682 26543356 0.50000 0.51160 0.00640 0.00660 X X 0 0 0 0 0 0 4453269 23891248 4453269 23891248 372663 1000000 93166 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 38851 20159 18692 18692 DUE TO AFFILIATES 16880772 16880772 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, 2017. 1 1 0 0 0 0 0 0 0 MICHAEL NEALY EXECUTIVE DIRECTOR 0 355907 0 366327 0 3385 0 19491 0 13047 0 758157 0 0 CURT KRIZAN CHIEF FINANCIAL OFFICER 0 192067 0 79500 0 3045 0 14846 0 13047 0 302505 0 0 SHANNON WILLIAMS CHIEF MARKETING OFFICER 0 142188 0 43250 0 2305 0 10359 0 1459 0 199561 0 0 BOB WHITEHOUSE VP OF OPERATIONS 0 159160 0 70542 0 4530 0 12569 0 13047 0 259848 0 0 JUSTIN BRICKNER VP OF SALES 0 101662 0 43500 0 3932 0 7437 0 6133 0 162664 0 0 PART I, LINE 3 ARIZONA SPORTS FOUNDATION (ASF) DETERMINED COMPENSATION OF THE EXECUTIVE DIRECTOR USING A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY/STUDY, AND APPROVAL BY BOARD/COMPENSATION COMMITTEE. PART I, LINES 4A-B TRACY GUERRA LEFT THE ORGANIZATION AND RECEIVED A SEVERANCE PAYMENT OF $105,000. ASF PROVIDES A SPLIT DOLLAR LIFE INSURANCE PLAN TO ITS EXECUTIVE DIRECTOR, MICHAEL NEALY. NO CASH PAYMENTS WERE MADE TO MICHAEL NEALY UNDER THIS PLAN DURING THE REPORTING YEAR. 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, FIESTA EVENTS, INC. AND ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION. ALLOCATIONS OF OFFICER, KEY EMPLOYEE AND STAFF COMPENSATION ARE MADE IN ACCORDANCE WITH THE EMPLOYEES' AVERAGE TIME DEVOTED TO EACH OF THE ORGANIZATIONS. CERTAIN EMPLOYEES OF AZ 2016 COLLEGE FOOTBALL CHAMPIONSHIP LLC, A SINGLE MEMBER LLC WHOLLY OWNED BY THE ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION (ACFCF), WERE PAID AND REPORTED FOR PAYROLL TAX PURPOSES BY THE LLC AND HAVE BEEN REPORTED ON THE 990 FOR THE ACFCF. FORM 990, PART V, LINE 2A & B AND PART IX, COMPENSATION LINES: THE EMPLOYEES DEVOTING TIME TO ARIZONA SPORTS FOUNDATION (ASF) AND ITS RELATED AFFILIATES (ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION (ACFCF), FIESTA EVENTS, INC (FEI), AND VALLEY OF THE SUN BOWL FOUNDATION (VSBF)) ARE ALL EMPLOYEES OF THE 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 11B 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 COMMITTEES' 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 WHO REVIEWS IF A CONFLICT HAS BEEN NOTED. PROCEDURES ALSO INCLUDE REVIEWING TRANSACTIONS AGAINST BOTH THE FORMS SUBMITTED AND ALL KNOWN BUSINESS ASSOCIATIONS OF OUR BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES PUBLIC ITS GOVERNING DOCUMENTS, INCLUDING ITS BYLAWS AND 501(C)(3) DETERMINATION LETTERS 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 HTTPS://FIESTABOWL.ORG/WHO-WE-ARE/GOVERNANCE/. THE ORGANIZATION DOES NOT MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, LINE 15A AND 15B; THIS ORGANIZATION DOES NOT PAY COMPENSATION. ALL COMPENSATION IS DETERMINED AND PAID BY THE RELATED ORGANIZATION, ARIZONA SPORTS FOUNDATION. 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. 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 EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 506. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 506. OTHER TAXES, FINES & PENALTIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 194. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 194. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. 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