Phoenix Multisport Inc.

“Form 990 is prepared by an independent CPA firm and is reviewed in detail by the organization's Treasurer and Secretary for accuracy. The 990 is then reviewed by the organization's board of directors prior to being filed with the IRS.”

“In addition to the annual review and signing of the policy, board members and officers are required to bring any potential conflicts that arise over the course of the year to the attention of the President and Executive Director or Board Chair. If a conflict of interest is determined to exist, the board member with the conflict would recuse him/herself from any board decision-making process, and the recusal would be reflected in the meeting minutes.”

“15a - The board of directors determine appropriate compensation for the organization's President and Executive Director. In determining compensation for the President, comparability data is referenced. The board of directors review the comparability data, and discuss and approve compensation. Compensation decisions are documented in the board minutes. 15b - The compensation for other officers and senior staff is determined on an annual basis by the President and Executive Director using comparable data. The deliberation and decision process is documented.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Phoenix Multisport's mission is to foster a supportive, physically active community for individuals who are recovering from alcohol and substance abuse and those that choose to live a sober life. Through pursuits like climbing, hiking, running, swimming, road and mountain biking, yoga, strength training, racing and other activities, they seek to help their members develop and maintain the emotional strength they need to stay sober. Phoenix members become part of a community that places value on the future rather than the past. Phoenix Multisport offers the opportunity for social and athletic networking that can lead to long lasting relationships with others who share a commitment to sobriety.”

“Colorado update: Our Colorado Springs chapter moved into a new, expanded space in Colorado Springs and celebrated a grand opening of that space in June 2018. The workforce development program, launched in 2017, continues to grow and team members are learning to become personal fitness trainers. Phoenix added a recovery coach on staff in Colorado Springs and the youth and young adult program in Denver completed its pilot and continues to grow. Programs to bridge individuals transitioning from the criminal justice system into Phoenix programs also expanded in 2018. California update: Free community programs continue to grow as well as partnerships with treatment centers. Individuals who have made a connection to Phoenix while in treatment know there is a sober community at Phoenix that will help support them once they leave formal treatment. Phoenix-Orange County moved into a larger space in 2018 and served more people in 2018 than ever before. Boston update: The Phoenix hosted a Grand Opening of the Boston facility on September 29, 2018 with over 300 attendees. This state-of-the-art facility is the largest site that The Phoenix owns, with a rock wall, yoga studio, indoor/outdoor CrossFit space and serves as a hub of recovery supporting other Phoenix sites throughout the region. Phoenix launched the Lowell Chapter in September as well with a Phoenix gym operating out of the Lowell Community Counseling Center. Idaho update: Boise entered its second year of Phoenix programming and served over 650 members of the local recovery community in 2018. Montana update: The Phoenix opened a site and launched programming in Billings, Montana in 2018. A partnership with the drug court program in Billings along with other funding allowed Phoenix to hire a full-time staff person and offer several Phoenix events each week. National expansion efforts: The Phoenix continued its expansion through the launch of volunteer-led remote programs across the country. By the end of 2018, Phoenix programs were in 22 states and 36 communities.”

“In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 12/31/2018. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $ 5,002,346 Line 29 - Net assets with donor restrictions $ 1,549,673 Total net assets $ 6,552,019”

“The full board participates in oversight of the audit and selection of the independent CPA firm engaged to perform the audit of the financial statements. This process has not changed since the prior year.”