2014-02-11T14:32:12-06:00 2013-03-31 ERNST & YOUNG US LLP 2 NORTH CENTRAL SUITE 2300 PHOENIX AZ 85004 990 2012-04-01 860902767 VALLEY OF THE SUN BOWL FOUNDATION % CURT KRIZAN VALL 4803500900 7135 E CAMELBACK ROAD Suite 190 SCOTTSDALE AZ 85251 DUANE WOODS 2014-02-10 BRENDA D GRIESEMER 6023223000 2012 2015-11-30 17:44:51Z BUFFALO WILD WINGS BOWL DUANE WOODS 7135 E CAMELBACK RD STE 190 SCOTTSDALE AZ 85251 6785202 false X WWW.BUFFALOWILDWINGSBOWL.COM X 2001 AZ Valley of the Sun Bowl Foundation is committed to fostering a culture of community involvement and giving. 28 27 0 300 25 0 1000 2000 6347642 6616991 -67956 -64334 72556 18246 6353242 6572903 0 0 0 0 461298 1222566 0 0 0 9754681 10063646 10215979 11286212 -3862737 -4713309 1185294 473472 8160314 12161801 -6975020 -11688329 X VALLEY OF THE SUN BOWL FOUNDATION IS COMMITTED TO FOSTERING A CULTURE OF COMMUNITY INVOLVEMENT AND GIVING. THROUGH THE ANNUAL BUFFALO WILD WINGS BOWL AND RELATED EVENTS, WE SERVE AS WELCOMING HOSTS, CREATE LIFELONG MEMORIES, PROMOTE ARIZONA AND ENABLE MEANINGFUL CONTRIBUTIONS TO SOCIETY. false false 9729765 0 6616991 The Valley of the Sun Bowl Foundation annually stages the Buffalo Wild Wings Bowl, which matches teams from the Big 12 and Big Ten Conferences. The game is played in Sun Devil Stadium on the Arizona State University campus in Tempe, Arizona. The 24th Annual Buffalo Wild Wings Bowl was played on December 29, 2012, in front of a crowd of 44,617. The Michigan State Spartans defeated the TCU Horned Frogs 17-16. The game was televised by ESPN. 9729765 true false false true false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true true true false false true X 39 0 true 0 false false false false false false false false false false X 28 27 false false false false false true false true true false false true true true true true true false false false AZ X X CURT KRIZAN 4803500900 7135 E CAMELBACK RD STE 190 SCOTTSDALE AZ 85251 X JIM BRUNER 1.0 3.0 X X 0 825 0 ANN DAMIANO 1.0 3.0 X X 0 800 0 LARRY JOHNSON 1.0 3.0 X 0 1060 0 ANDY MCCAIN 1.0 3.0 X X 0 0 0 CHUCK O'CONNOR 1.0 3.0 X 0 0 0 STEVE WHITEMAN 1.0 3.0 X X 0 0 0 MATT WINTER 1.0 3.0 X X 0 0 0 DUANE WOODS 1.0 3.0 X 0 7169 0 MIKE HECOMOVICH 1.0 3.0 X X 0 0 0 CLINTON PATTEA 1.0 3.0 X 0 0 0 NIKKI BALICH 1.0 3.0 X 0 0 0 PATRICK BARKLEY 1.0 3.0 X 0 800 0 ANDREW STEGEN 1.0 3.0 X 0 0 0 BRIAN J HALL 1.0 3.0 X X 0 900 0 MARCUS SIPOLT 1.0 3.0 X 0 0 0 SHERYL DEHNING LONG 1.0 3.0 X 0 0 0 STEVEN LEACH 1.0 3.0 X 0 0 0 JOHN CURRIE 1.0 3.0 X 0 0 0 JORY HANCOCK 1.0 3.0 X 0 0 0 RICHARD A HORN 1.0 3.0 X 0 0 0 DEREK J KERR 1.0 3.0 X 0 0 0 RAMIRO G PERU 1.0 3.0 X 0 0 0 COLLEEN JENNINGS-ROGGENSACK 1.0 3.0 X 0 0 0 BRETT BENTON 1.0 3.0 X 0 3780 0 JUDY BERNAS 1.0 3.0 X 0 0 0 ROB LONGO 1.0 3.0 X 0 0 0 JAY PARRY 1.0 3.0 X 0 0 0 BOB AYLESWORTH 1.0 3.0 X 0 0 0 TYLER HANSON 1.0 3.0 X 0 0 0 DON ROBINSON 1.0 3.0 X 0 0 0 MARK VINCIGUERRA 1.0 3.0 X 0 0 0 ALAN YOUNG 12.0 28.0 X 0 131811 6679 ROBERT SHELTON 12.0 28.0 X 0 626721 19215 CURT KRIZAN 12.0 28.0 X 0 186640 12251 STEPHANIE JARVIS 12.0 28.0 X 0 127042 0 TRACY GUERRA 12.0 28.0 X 0 108424 16832 ANDY BAGNATO 12.0 28.0 X 0 128510 7788 SARAH ZELHART 12.0 28.0 X 0 101595 0 0 1426077 62765 0 false true false PRO EM LLC 1450 E GRANT STREET PHOENIX AZ 85034 SECURITY 150168 HORIZON MEDIA INC 75 VARICK STREET 16TH FLOOR NEW YORK NY 10013 SPONSORSHIP COMMISS 251249 SODEXO P O BOX 874305 TEMPE AZ 85287 EVENT CATERING 109633 3 2000 2000 GAME REVENUE 711300 4058657 4058657 QUALIFIED SPONSORSHIP 711300 2558334 2558334 6616991 0 0 18221 18221 0 0 0 147965 212299 -64334 -64334 -64334 0 0 0 MISCELLANEOUS 711130 25 25 25 6572903 4058657 25 2512221 X 0 0 0 0 0 0 1024456 850301 174155 0 118611 98447 20164 79499 65984 13515 0 27912 27912 40347 40347 0 0 0 420574 420574 287872 287872 103791 103791 68019 68019 0 54679 54679 93971 93971 0 23181 23181 128 128 0 201835 201835 122671 122671 GAME EXPENSES 7998272 7998272 DUES/SUBS/LOCAL M&E 19873 19873 GAME PROMOTION - HOSPITALITY 296187 296187 OTHER TAX, FINES & PENALTIES -15573 -15573 319907 319907 11286212 9729765 1556447 0 201734 137839 0 0 0 0 899010 289746 0 0 0 0 0 0 0 0 2010 2887 88888 45888 82540 43000 0 0 0 0 0 0 0 0 0 0 1185294 473472 74919 108573 0 0 56250 73905 0 0 0 0 0 0 0 0 0 0 8029145 11979323 8160314 12161801 X -6975020 -11688329 0 0 0 0 -6975020 -11688329 1185294 473472 -4713309 X false true X true false X 0 0 0 1000 2000 3000 3939742 3638300 4760684 4741381 4071376 21151483 1383793 1395625 2057049 1694073 2558334 9088874 0 0 0 0 0 0 0 0 0 0 0 0 5323535 5033925 6817733 6436454 6631710 30243357 1764000 1747600 2825326 2527126 3676570 12540622 696763 749503 1990958 1640626 1396000 6473850 2460763 2497103 4816284 4167752 5072570 19014472 11228885 154 15780 83687 43374 18221 161216 0 154 15780 83687 43374 18221 161216 0 0 0 0 0 0 0 0 5323689 5049705 6901420 6479828 6649931 30404573 0.36932 0.45945 0.00530 0.00467 X X 11286212 28262958 11286212 28262958 714311 1000000 178578 250000 1000000 1000000 1000000 1000000 4000000 6000000 1998 0 0 0 1998 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 88888 45888 43000 43000 0 INTERCOMPANY PAYABLE TO FEI -28846 INTERCOMPANY PAYABLE TO ACFCF 66590 INTERCOMPANY PAYABLE TO ASF 11941579 11979323 UNCERTAIN TAX POSITIONS - FIN 48-(ASC 740) SCHEDULE D, PART X, LINE 2 THE ORGANIZATION HAD A FOOTNOTE TO ITS AUDITED FINANCIAL STATEMENT ADDRESSING AN UNCERTAIN TAX POSITION UNDER FIN 48-(ASC 740). PER THE REQUIREMENTS OF SCHEDULE D, PART X, LINE 2, THE ENTIRETY OF THE FOOTNOTE IS QUOTED HERE. THE FOOTNOTE WAS ISSUED AS PART OF OUR AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2013 IN AN AUDIT REPORT DATED JULY 18, 2013 ISSUED BY ERNST & YOUNG LLP. "During fiscal 2011, a Special Committee of the Foundation's Board of Directors directed an investigation into matters related to, among other things, the reimbursement of political contributions made by employees, potential excessive executive compensation, and inappropriate expenditures and gifts. The Special Committee found evidence of reimbursed political contributions and inappropriate gifts and expenses. Matters relating to expenditures and excess compensation continue to be addressed by the Board of Directors and management. Since the time of the investigation, the Foundation has taken steps to address the concerns raised in the Special Committee report including, but not limited to, the termination of employees; the hiring of a new executive director, chief financial officer, chief compliance officer/general counsel, and controller; the implementation of changes to the governance structure, including restructuring committees of the Board of Directors; and the establishment of more detailed policies and procedures. Upon examination of the results of the Special Committee investigation and review done subsequent to the special investigation, management believes that the expenses paid by the Foundation have been appropriately recorded in the historical financial statements. Any recoveries of expenses paid will be recorded, if and when they are received. Some of the Foundation's prior activities could risk the Foundation's Section 501 (c)(3) exemption from federal income taxes. These activities fall into four categories: (i) political expenditures, (ii) lobbying expenditures, (iii) benefits provided to disqualified persons, and (iv) benefits provided to third parties. In all these areas, the Foundation has taken and will continue to take corrective action as follows: Political campaign contributions - The Foundation has sought to recover such amounts from candidates and changed its internal bonus and expense reimbursement policies and practices. Lobbying activities - The Foundation has investigated these expenditures and believes that all of the expenses paid by the Foundation to professional services firms were proper and the Foundation is not aware of lobbying activities conducted by the Foundation other than a small amount of indirect support provided for fundraising events. Benefits provided to disqualified persons - The Foundation has amended income tax reporting for certain directors, former directors, employees, and consultants for recent years. The Foundation has also quantified all inurement and possible excess benefit transactions and reported such amounts for income tax purposes. Benefits provided to third parties - The Foundation has investigated and has not identified any significant amounts that raise inurement or impermissible private benefit issues with third parties. The IRS has broad discretion when determining whether or not to revoke the tax-exempt status of an offending charitable organization or to impose alternative corrective actions. Although the Foundation cannot predict the outcome with certainty, based on the corrective actions the Foundation has taken and expects to continue to take, management believes it is more likely than not that the Foundation will retain its tax-exempt status under Section 501 (c)(3) of the Internal Revenue Code. Accordingly, management believes it continues to be appropriate to record no provision for income taxes in these combined financial statements. The Foundation has accrued a liability at March 31, 2013 and 2012, for excise taxes related to reimbursed political campaign contributions since 2000 and for withholding and employment taxes with respect to amounts that represent compensation but which were not initially treated as such by the Foundation. These amounts total approximately $122,000 and represent the estimated liabilities identified to date. It is reasonably possible additional amounts may be identified and the IRS could assess a penalty or other amount to the Foundation. Any such additional liabilities cannot be estimated at this time and a liability has not been recorded in the accompanying combined financial statements. The IRS has provided statutory guidance stating that qualified sponsorship contributions (payments where there is no expectation of any substantial return benefits other than the use or acknowledgment of the corporate name or logo) received by not-for-profit organizations are not taxable unrelated business income. Management believes that the contributions received by the Foundation qualify under the statutory provisions and therefore are not taxable. In addition, should the contributions be deemed taxable, management believes that the revenues should be reduced by related expenses. Accordingly, no provision for income taxes for unrelated business income has been recognized in the accompanying combined financial statements." false false false false false false false false false ROBERT SHELTON 0 454410 0 137150 0 35161 0 13271 0 5944 0 645936 0 0 CURT KRIZAN 0 168676 0 16000 0 1964 0 2077 0 10174 0 198891 0 0 COMPENSATION PAYMENT SCHEDULE J - PART II FOR PAYROLL TAX PURPOSES, THE ARIZONA SPORTS FOUNDATION PAYS ALL EMPLOYEES OF THE ARIZONA SPORTS FOUNDATION AND ITS RELATED ORGANIZATIONS: VALLEY OF THE SUN BOWL FOUNDATION, FIESTA EVENTS, INC. AND ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION. ALLOCATIONS OF OFFICERS, KEY EMPLOYEES AND STAFF COMPENSTION ARE MADE IN ACCORDANCE WITH THE EMPLOYEES' AVERAGE TIME DEVOTED TO EACH OF THE ORGANIZATIONS. COMPENSATION PROCESS PART VI, SECTION B, QUESTIONS 15a & 15b This organization does not pay compensation. All compensation is determined and paid by the related organization, the Arizona Sports Foundation. PROCESS USED BY ORGANIZATION TO REVIEW THIS FORM 990 PART VI, SECTION b QUESTION 11B THE RETURN IS PREPARED INTERNALLY AND REVIEWED BY MANAGEMENT AND AN EXTERNAL ACCOUNTING FIRM. ONCE THE RETURN IS COMPLETED AND REVIEWED, THE FORM 990 IS PROVIDED TO THE BUDGET AND FINANCE COMMITTEE AND AUDIT AND COMPLIANCE COMMITTEE. AFTER THE COMMITTEES' REVIEW, THE RETURN IS RECOMMENDED TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL. UPON APPROVAL BY THE BOARD OF DIRECTORS, THE RETURN IS FILED. DISCLOSURE PART Vi, SECTION C, QUESTION 19 THE ORGANIZATION MAKES PUBLIC ITS GOVERNING DOCUMENTS, INCLUDING ITS BY- LAWS AND 501 (C) (3) DETERMINATION LETTER, 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. IN THE FALL OF 2012, A COPY OF THE 1023 WAS REQUESTED FROM THE IRS AND WILL BE MADE AVAILABLE AS SOON AS RECEIVED. CONFLICT OF INTEREST Pt VI, Governance, Management, SECTION B, LINE 12c THE ORGANIZATION ANNUALLY REQUIRES ALL EMPLOYEES 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 COMMITTEE AND CHIEF COMPLIANCE OFFICER. PROCEDURES ALSO INCLUDE REVIEWING TRANSACTIONS AGAINST BOTH THE FORMS SUBMITTED AND ALL KNOWN BUSINESS ASSOCIATIONS OF OUR BOARD MEMBERS. OUTSIDE APPOINTMENT OF GOVERNING BODY MEMBER PART VI, SECTION A, QUESTION 7A WITHIN THEIR SPONSORSHIP AGREEMENT OF THE FIESTA BOWL AND RELATED ACTIVITES, THE FT. MCDOWELL YAVAPAI NATION RETAINS THE RIGHT TO APPOINT ONE MEMBER OF THE BOARD OF DIRECTORS. THAT SEAT WAS HELD BY CLINTON PATTEA UNTIL HIS DEATH ON JULY 5TH, 2013. IT HAS SUBSEQUENTLY BEEN FILLED BY RUBEN BALDERAS. INDEPENDENCE OF BOARD MEMBERS FORM 990, PAGE 1, PART I, LINES 3 AND 4 AND SCHEDULE L THE ARIZONA SPORTS FOUNDATION, VALLEY OF THE SUN BOWL FOUNDATION, FIESTA EVENTS, INC. AND THE ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION 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 MEMBER IS CONSIDERED NOT INDEPENDENT FOR ONE ORGANIZATION, THEY ARE CONSIDERED NOT INDEPENDENT FOR ALL RELATED ORGANIZATIONS. THERE WAS ONE TRANSACTION ASSOCIATED WITH A VOTING MEMBER (AT YEAR END) REPORTED ON SCHEDULE L FOR ARIZONA SPORTS FOUNDATION. UNDER THE POLICIES AND PROCEDURES OF THE ORGANIZATION, BOARD MEMBERS MUST RECUSE THEMSELVES FROM THE DISCUSSION AND VOTE ON ANY RELATED TRANSACTION. PAYROLL TAX FILING PART V, LINE 2b THE EMPLOYEES DEVOTING TIME TO ARIZONA SPORTS FOUNDATION AND ITS RELATED AFFILIATES (FEI, ACFCF, AND VSB) ARE ALL EMPLOYEES OF 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. BOARD MEMEBERS FORM 990, PART VII AFTER THE CLOSE OF THE YEAR, TWO BOARD MEMBERS PASSED AWAY, DON ROBINSON AND CLINTON PATTEA. THE ORGANIZATION GREATLY APPRECIATES THEIR YEARS OF SERVICE. ARIZONA COLLEGE FOOTBALL CHAM'SHP FOUNDA 7135 E CAMELBACK RD STE 190 SCOTTSDALE AZ 85251 203705626 COLLEGE BOWL AZ 501(c)(3) 9 NA true ARIZONA SPORTS FOUNDATION 7135 E CAMELBACK RD STE 190 SCOTTSDALE AZ 85251 860253821 COLLEGE BOWL AZ 501(c)(3) 9 NA true FIESTA EVENTS INC 7135 E CAMELBACK RD STE 190 SCOTTSDALE AZ 85251 860666998 EVENTS AZ 501(c)(3) 9 NA true false false false false false false false false true false false false false true true true true true true THE ARIZONA SPORTS FOUNDATION p 266063 COST THE ARIZONA SPORTS FOUNDATION n 854330 COST THE ARIZONA SPORTS FOUNDATION o 1228972 COST THE ARIZONA SPORTS FOUNDATION r 200534 COST THE ARIZONA SPORTS FOUNDATION s 1431393 COST FIESTA EVENTS INC p 57 COST FIESTA EVENTS INC r 41844 COST ARIZ COLLEGE FOOTBALL CHAMPI 7135 E CAMELBACK ROAD SUITE 190 SCOTTSDALE AZ 85251 203705626 X 0 0 0 1491364 1491364 224136 56034 0 0 0 FIESTA EVENTS INC 7135 E CAMELBACK ROAD SUITE 190 SCOTTSDALE AZ 85251 860666998 X 0 0 0 2975981 2975981 298799 74700 0 0 0 VALLEY OF THE SUN BOWL FOUND 7135 E CAMELBACK ROAD SUITE 190 SCOTTSDALE AZ 85251 860902767 0 0 0 11286212 11286212 714311 178578 0 0 0 THE ARIZONA SPORTS FOUNDATIO 7135 E CAMELBACK ROAD SUITE 190 SCOTTSDALE AZ 85251 860253821 X 0 0 0 12509401 12509401 775470 193868 0 0 0