The Arizona Sports Foundation

“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.”

“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.”

“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 and compliance 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 *form 990 of comparable organizations included in compensation consultant reviews *excutive director engaged under a written employment contract *organization participates annually in the football bowl association survey *compensation 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 *participates in fba survey and compares results.”

“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. The organization does not makes its financial statements available to the public.”

“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 in a capacity other than as a board member. 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.”

“The employees devoting time to the arizona sports foundation (asf) and its related affiliates (arizona collge football championship foundation (acfcf), fiesta events, inc (fei), and valley of the sun bowl foundation (vsbf)) 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.”

“Other taxes, fines & penalties: program service expenses 0. Management and general expenses -42,641. Fundraising expenses 0. Total expenses -42,641.”

“The oversight and selection process has not changed since the prior year.”