Downtown Phoenix Partnership Inc

“The organization has no employees. Compensation reported on line 7 of part ix is reported for employees paid by an unrelated organization, downtown phoenix, inc. Downtown phoenix, inc. Leases employees to downtown phoenix partnership and manages its payroll through a management services agreement between downtown phoenix partnership inc and downtown phoenix inc. Services include management and financial oversight.”

“An agreement of merger was filed between downtown phoenix, inc. (dpi) and downtown phoenix partnership (dpp), in which dpi merged into dpp. Dpi ceased to exist as a separate entity and will continue its programs under dpp. Subsequent to the merger, the downtown phoenix partnership changed their name to downtown phoenix, inc.”

“The form 990 is prepared by an outside accounting firm and then is reviewed by the finance committee before being submitted to the irs.”

“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.”

“Compensation of the executive director is determined by the board of directors under a written contract. Compensation in comparable organizations and the community is reviewed and compensation arrangements are documented in the board minutes. The board reviews and sets the compensation of officers and key employees.”

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

“Downtown phoenix, inc. ("dpi") and downtown phoenix partnership ("dpp") entered into an agreement and plan of merger whereby dpi and dpp combined their resources into a single organization. Upon merger, dpp assumed the assets and liabilities of dpi and dpi ceased its existance as a separate legal entity. Subsequent to the merger, the downtown phoenix partnership changed their name to downtown phoenix, inc.”

“Consulting fees: business development: program service expenses 29,171. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,171. Consulting fees: community outreach: program service expenses 209,957. Management and general expenses 5,013. Fundraising expenses 0. Total expenses 214,970. Consulting fees: consultants: program service expenses 82,445. Management and general expenses 0. Fundraising expenses 0. Total expenses 82,445. Consulting fees: placemaking: program service expenses 173,076. Management and general expenses 0. Fundraising expenses 0. Total expenses 173,076.”