The Arizona Sports Foundation

“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 (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.”

“The board of directors delegates broad 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, the executive committee is authorized to sign checks and authorize deposits of funds.”

“Asf, vsbf, fei, and 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 member 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.”

“WITHIN THEIR SPONSORSHIP AGREEMENT OF THE FIESTA BOWL AND RELATED ACTIVITIES, THE FT. MCDOWELL YAVAPAI NATION RETAINS THE RIGHT TO APPOINT ONE MEMBER OF THE BOARD OF DIRECTORS. THAT SEAT WAS HELD BY THEIR PRESIDENT, DR. CLINTON PATTEA, UNTIL HIS DEATH ON JULY 5TH, 2013. RUBEN BALDERAS TOOK OVER THE SEAT on August 15,2013.”

“THE RETURN IS PREPARED AND REVIEWED BY ERNST & YOUNG FOLLOWED BY MANAGEMENT'S FINAL REVIEW. ONCE THE RETURN IS COMPLETED AND REVIEWED, THE FORM 990 IS PROVIDED TO THE BUDGET AND FINANCE COMMITTEE AND AUDIT AND COMPLIANCE COMMITTEE for review and approval. THE RETURN IS also provided to the full board of directors for review prior to filing the return. UPON APPROVAL BY THE BOARD OF DIRECTORS, THE RETURN IS FILED.”

“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 committee. Procedures also include reviewing transactions against both the forms submitted and all known business associations of our board members.”

“Executive director compensation process - *compensation committee determines compensation figures *independent compensation consultant reviews and compares to compensation study *form 990 of comparable organizations included in compensation consultant reviews *executive director engaged under a written employment contract *organization participates annually in the football bowl association survey *compensation is approved annually by the board of directors after a recommendation by the compensation committee. We believe these actions create a rebuttable presumption of reasonable compensation. Key employee compensation process- *executive director reviews performance and determines compensation *compensation amount to board of director chair for approval *independent compensation consultant reviews and compares to compensation study”

“The organization makes public its governing documents, including its bylaws 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.”

“Duane woods was a member of the board of directors through january 13, 2014. On january 14, 2014 he was no longer a voting board member since he was appointed interim executive director.”

“Equity transfer from acfcf $26,545,424 equity transfer to fei ($1,155,705) ------------ total $25,389,719”