Downtown Phoenix Partnership Inc

“The organization has no employees. Compensation reported on lines 5 and 7 of part ix is reported for employees paid by an unrelated organization, downtown phoenix, inc. Through a management services agreement between downtown phoenix partnership inc and downtown phoenix inc. Services include management and financial oversight.”

“The form 990 is prepared by an outside accounting firm and then is presented to the finance committee for review 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.”

“Consulting fees: events: program service expenses 291,198. Management and general expenses 0. Fundraising expenses 0. Total expenses 291,198. Consulting fees: business development: program service expenses 37,658. Management and general expenses 12,553. Fundraising expenses 0. Total expenses 50,211. Consulting fees: community outreach: program service expenses 4,558. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,558. Consulting fees: streetscape: program service expenses 304,594. Management and general expenses 17,957. Fundraising expenses 0. Total expenses 322,551.”