Fiesta Events Inc.

“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. Form 990, part vi, line 1a 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, at which time ruben balderas took over the seat.”

“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. 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.”

“The organization annually requires all officers, 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. Procedures also include reviewing transactions against both the forms submitted and all known business associations of our board members.”

“This organization does not pay compensation. All compensation is determined and paid by the related organization, the arizona sports foundation.”

“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. Form 990, part vii, line 9a and schedule g, part iii, line 1 the amounts on these lines do not include donated prizes valued at $92,738 or sponsorships of $43,895. Including this revenue, the net income from gaming activities is $40,050.”

“FIESTA EVENTS, INC. IS COMMITTED TO HOSTING A COMPREHENSIVE PAGEANT OF COMMUNITY EVENTS AND ACTIVITIES WHICH PROVIDE A YEAR-ROUND OUTLET FOR VOLUNTEER PARTICIPATION, ECONOMIC DEVELOPMENT, AND TOURISM PROMOTION. FORM 990, PART III, LINE 4A Fort McDowell Fiesta Bowl Parade presented by Fort McDowell Yavapai Nation is an annual highlight of the Festival of College Football and one of Arizona's largest spectator events. It is free to the general public and follows a course through Central Phoenix. The Parade is televised locally and, with the involvement of organizations from across the state, helps to promote a positive image for Arizona. It is also popular with fans of the institutions participating in the Fiesta Bowl. The Band Championship provides opportunities for high school students from across the country to showcase their talents in a nationally recognized competition staged in University of Phoenix Stadium, home of the Fiesta Bowl. Because it attracts band members, staff and families from out of state, it has produced millions of dollars in economic impact for Arizona over the years. Band Championship participants also typically perform in the Fort McDowell Fiesta Bowl Parade presented by Fort McDowell Yavapai Nation.”

“Equity transfer from acfcf 1,155,705 net assets released from restrictions (75,792) donations allocated to/from asf/fei (94,707) ========= total 985,206”