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 860902767 VALLEY OF THE SUN BOWL FOUNDATION VALL 4803500900 7135 E CAMELBACK ROAD NO 190 SCOTTSDALE AZ 85251 MICHAEL J NEALY EXECUTIVE DIRECTOR 4803500900 2016-01-11 1 JACQUELINE ECKMAN P01300648 6022662248 2014 2016-04-25 22:37:26Z CACTUS BOWL MICHAEL J NEALY 7135 E CAMELBACK ROAD NO 190 SCOTTSDALE AZ 85251 3886270 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. 26 26 0 300 24138 20554 0 1500 6957630 3866842 0 0 65589 17928 7023219 3886270 0 992 0 0 766289 500776 0 0 0 9628294 4270260 10394583 4772028 -3371364 -885758 312920 323306 15306025 16202169 -14993105 -15878863 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 4430865 992 3004439 VALLEY OF THE SUN BOWL FOUNDATION ANNUALLY STAGES THE CACTUS BOWL, WHICH MATCHES TEAMS FROM THE BIG 12 AND PAC 12 CONFERENCES. THE GAME WAS PLAYED IN SUN DEVIL STADIUM IN TEMPE, ARIZONA. THE 25TH ANNUAL CACTUS BOWL WAS PLAYED ON JANUARY 2, 2015 IN FRONT OF A CROWD OF 35,409. THE OKLAHOMA STATE COWBOYS DEFEATED THE WASHINGTON HUSKIES 30-22. THE GAME WAS TELEVISED BY ESPN. 4430865 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 24 0 1 0 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 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 DIRECTOR 1.00 5.00 X 0 0 0 PATRICK BARKLEY AT-LARGE MEMBER 1.00 5.00 X X 0 710 0 BRETT BENTON DIRECTOR 1.00 5.00 X 0 0 0 JUDY BERNAS DIRECTOR 1.00 5.00 X 0 1535 0 JIM BRUNER DIRECTOR 1.00 5.00 X 0 835 0 JOHN CURRIE DIRECTOR 1.00 5.00 X 0 0 0 ANN DAMINO DIRECTOR 1.00 5.00 X 0 0 0 GONZALO DE LA MELENA DIRECTOR 1.00 5.00 X 0 0 0 BRIAN HALL IMMEDIATE PAST CHAIR 1.00 5.00 X X 0 6285 0 JAMES HATFIELD DIRECTOR 1.00 5.00 X 0 0 0 MIKE HECOMOVICH TREASURER 1.00 5.00 X X 0 0 0 RICHARD HORN DIRECTOR 1.00 5.00 X 0 0 0 COLLEEN JENNINGS-ROGGENSACK DIRECTOR 1.00 5.00 X 0 0 0 LARRY JOHNSON DIRECTOR 1.00 5.00 X 0 0 0 DEREK KERR DIRECTOR 1.00 5.00 X 0 0 0 STEVE LEACH N&G COMMITTEE CHAIR 1.00 5.00 X X 0 712 0 ROB LONGO AT-LARGE MEMBER 1.00 5.00 X X 0 0 0 ANDY MCCAIN CHAIRMAN TO 3/21/2015, PAST CHAIR 1.00 5.00 X X 0 0 0 CHUCK O'CONNER SECRETARY 1.00 5.00 X X 0 0 0 JAY PARRY DIRECTOR 1.00 5.00 X 0 0 0 RAMEY PERU A&C COMMITTEE CHAIR 1.00 5.00 X X 0 1449 0 MARCUS SIPOLT DIRECTOR 1.00 5.00 X 0 1535 0 ANDREW STEGEN DIRECTOR 1.00 5.00 X 0 0 0 BOB WHITEHOUSE DIRECTOR 1.00 5.00 X 0 0 0 MATT WINTER CHAIR ELECT TO 3/19/2015, CHAIR 1.00 5.00 X X 0 0 0 DUANE WOODS INTERIM EXEC DIR TO 5/13/2014 1.00 5.00 X X 0 108387 0 GARY HANSON DIRECTOR BEG 3/20/2015 1.00 5.00 X 0 0 0 RON MINEGAR DIRECTOR BEG 3/20/2015 1.00 5.00 X 0 0 0 KELLY MERO DIRECTOR BEG 3/20/2015 1.00 5.00 X 0 0 0 RANDY NORTON DIRECTOR BEG 3/20/2015 1.00 5.00 X 0 1725 0 BRYAN SPERBER DIRECTOR BEG 3/20/2015 1.00 5.00 X 0 0 0 MICHAEL NEALY EXECUTIVE DIRECTOR 4.00 36.00 X 0 195332 5418 CURT KRIZAN CHIEF FINANCIAL OFFICER 4.00 36.00 X 0 240655 24510 BOB WHITEHOUSE SR. DIRECTOR OF EVENTS & VOLUNTEERS 4.00 36.00 X 0 120105 5418 TRACY GUERRA SR. DIRECTOR OF GAME & EVENTS 4.00 36.00 X 0 150421 13375 PEGGY EYANSON SR. DIRECTOR OF BUSINESS OPERATIONS 4.00 36.00 X 0 113004 13784 MARY MCGLYNN DIRECTOR OF TICKET OPERATIONS 4.00 36.00 X 0 106323 4608 STEPHANIE JARVIS FORMER CHIEF COMPLIANCE OFFICER 4.00 36.00 X 1350 157260 3705 ROBERT SHELTON FORMER ED THROUGH 1/13/2014 4.00 36.00 X 0 873180 3169 1350 2079453 73987 0 1 1 0 PRO EM LLC 1450 E GRANT ST PHOENIX AZ 85034 SECURITY SERVICES 199051 SODEXO PO BOX 874305 TEMPE AZ 85287 CATERING SERVICES 197178 OWENS HARKEY & ASSOCIATES 3550 N CENTRAL AVE STE 1710 PHOENIX AZ 85012 MEDIA PURCHASING SERVICES 134000 3 1500 1500 GAME REVENUE 711300 2975877 2975877 QUALIFIED SPONSORSHIPS 711300 838265 838265 AKNOWLEDGEMENTS 711300 28562 28562 ADVERTISING 711300 24138 24138 3866842 17928 17928 3886270 3004439 24138 856193 X 992 992 90154 74828 15326 314383 260938 53445 65294 54194 11100 30945 25684 5261 23366 23366 25573 25573 19474 19474 250904 250904 50171 50171 37708 37708 24297 24297 30289 30289 35956 35956 119 119 67811 67811 61138 61138 GAME EXPENSES 3387949 3387949 GAME PROMOTIONS & HOSPI 258808 258808 DUES & SUBSCRIPTIONS 22180 22180 OTHER EXPENSES 510 510 -25993 -25993 4772028 4430865 341163 0 237395 194944 71466 127414 4059 948 88889 88889 0 0 312920 323306 210384 95116 2180 149607 15093461 15957446 15306025 16202169 X -14993105 -15878863 -14993105 -15878863 312920 323306 -885758 0 X X 0 1 X 1 0 X 1000 2000 1500 4500 4760684 4741381 4071376 4346767 3004439 20924647 2057049 1694073 2558334 2608993 838265 9756714 6817733 6436454 6631710 6955760 3844204 30685861 2825326 2527126 3676570 3887011 1018100 13934133 592958 209520 586117 1388595 3418284 2736646 3676570 3887011 1604217 15322728 15363133 83687 43374 18221 65589 17928 228799 20554 20554 83687 43374 18221 65589 38482 249353 6901420 6479828 6649931 7021349 3882686 30935214 0.49660 0.31170 0.00810 0.00710 X SCHEDULE A, PART III, PAGE 3, LINE 7B: THE BOWL FOUNDATION HAS CONTRACTS WITH THE SCHOOLS WHOSE TEAMS PARTICIPATE IN THE BOWL GAME TO PROVIDE THEM WITH A BLOCK OF TICKETS THAT THEY SELL TO THEIR FANS, ALUMNI AND OTHER SCHOOL SUPPORTERS. THE SCHOOLS WRITE THE CHECK FOR THESE TICKETS, BUT THEY RESELL THE TICKETS TO THE GENERAL PUBLIC ON BEHALF OF THE BOWL FOUNDATION. AS SUCH, THE GENERAL PUBLIC, AND NOT THE SCHOOL ITSELF, IS THE RECIPIENT OF THE BOWL GAME ACTIVITIES CONDUCTED BY THE BOWL FOUNDATION. THEREFORE, THESE RECEIPTS WILL BE REPORTED AS FROM THE GENERAL PUBLIC RATHER THAN FROM THE SCHOOL THAT IS ACTING AS A CONDUIT BETWEEN THE BOWL FOUNDATION AND THE GENERAL PUBLIC. IN THE PAST, THESE TICKET REVENUES WERE REPORTED AS A SALE TO THE SCHOOL SUBJECT TO THE 1% LIMITATION ON LINE 7B OF PART III OF SCHEDULE A. LINE 7B HAS BEEN RESTATED FOR THE 4-YEAR LOOKBACK PERIOD TO PROPERLY REPORT THESE RECEIPTS AS FROM THE GENERAL PUBLIC CONSISTENT WITH THE CURRENT YEAR TREATMENT EXPLAINED PREVIOUSLY. X 0 0 0 0 0 0 4772028 17438888 4772028 17438888 388601 1000000 97150 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 88889 88889 0 0 INTERCOMPANY PAYABLE 15957446 15957446 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. 1 0 0 0 0 0 0 0 0 MICHAEL NEALY EXECUTIVE DIRECTOR 0 192947 0 0 0 2385 0 0 0 5418 0 200750 0 0 CURT KRIZAN CHIEF FINANCIAL OFFICER 0 177795 0 60970 0 1890 0 13098 0 11412 0 265165 0 0 TRACY GUERRA SR. DIRECTOR OF GAME & EVENTS 0 105297 0 29029 0 16095 0 7525 0 5850 0 163796 0 0 STEPHANIE JARVIS FORMER CHIEF COMPLIANCE OFFICER 1350 37771 0 35376 0 84113 0 2346 0 1359 1350 160965 0 0 ROBERT SHELTON FORMER ED THROUGH 1/13/2014 0 38180 0 280000 0 555000 0 2654 0 515 0 876349 0 0 PART I, LINE 3 THE 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, LINE 4A STEPHANIE JARVIS SEVERANCE PAYMENT- $67,000 MARY MCGLYNN SEVERANCE PAYMENT- $54,049 ROBERT SHELTON SEVERENCE PAYMENT $555,000. ROBERT SHELTON LEFT THE ORGANIZATION IN JANUARY 2014. TERMS OF HIS SEPARATION INCLUDED SEVERENCE OF 12 MONTHS OF BASE COMPENSATION WHICH IS INCLUDED IN HIS 2014 COMPENSATION REPORTED ON FORM 990. 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. 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 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 REQUIRED 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 FIRMS 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 HTTP://WWW.FIESTABOWL.ORG/ABOUT-US/GOVERNANCE/PHP. 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 IX, LINE 24E OTHER TAXES, FINES & PENALTIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES -25,993. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -25,993. FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. 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. 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