Downtown Phoenix Inc

“The form 990 is prepared by an outside accounting firm and is reviewed by the cfo and president/ceo prior to being filed. The board will review at the next board meeting after filing.”

“Downtown phoenix, inc. Has formally adopted the conflict of interest policy of downtown phoenix partnership, inc., an unrelated organization. Each director is asked to carefully review the policy and sign a statement acknowledging its existence and agreeing to be bound by its terms. Any director, officer or employee of the downtown phoenix partnership who has, or whose relative has, a substantial interest in or represents a company or organization that directly benefits from any contract, sale, purchase or service to the downtown phoenix partnership shall make known that interest in advance in the official records of the downtown phoenix partnership and shall refrain from voting upon or otherwise participating in such transaction.”

“The executive committee reviews the compensation for all officers and key employees by comparing their compensation to the compensation of individuals in like positions in comparable organizations using forms 990, compensation studies, and other available data. The committee then approves any changes in compensation based on this information.”

“The organization's articles of incorporation, by-laws, conflict of interest policy and financial statements are made available to the public upon request.”

“Jessyca hipskind, cfo and david krietor, president/ceo provide management and financial oversight to downtown phoenix partnership, inc. Through a management services agreement with downtown phoenix inc. They are compensated by downtown phoenix, inc. (dpi), an unrelated organization. Devney preuss is reported as a highly compensated employee in part vii. Ms. Preuss serves as executive director of phoenix community alliance (pca), an unrelated organization. Pca has no employees. The executive director's compensation is paid through a management services agreement between phoenix community alliance and downtown phoenix, inc (dpi).”

“Downtown phoenix, inc. Provides employees to downtown phoenix partnership, inc., downtown phoenix community development corporation and phoenix community alliance through a management services agreement. Compensation expense is allocated in part ix, functional expense schedule, to the entity for whom the employee provides the services. The total compensation for the officers and key employees is reported on downtown phoenix, inc's form 990 in part vii.”

“Consulting fees: community outreach 91,246. Consulting fees: professional services 500.”