Downtown Tempe Authority Inc

“Voting members of the executive committee shall consist of the board chair, the vice chair, the immediate past chair, and the treasurer. The board chair, with the approval of the full board, shall select the executive committee nominees. The secretary shall serve as an advisor to the executive committee. The executive committee shall have all of the powers of the board of directors granted herein, except as limited by law and/or by resolution of the board, and except the power to (i) fill vacancies on the board, (ii) adopt or amend the budget, (iii) to appoint or dismiss a president/executive director, or (iv) adopt, amend or repeal the articles or these bylaws. The executive committee quorum shall consist of three (3) members and no action may be taken absent a quorum.”

“Voting membership is available to, and shall be automatically conferred to, on a rolling basis, all persons who own real property within the boundaries of the district. For the avoidance of doubt, at such time as a person no longer owns real property within the boundaries of the district, they shall immediately and automatically cease to be a member of the corporation. The term "persons" include individuals, corporations, partnerships, limited liability companies, organizations, other types of entities, and trusts. Each member is entitled to one vote on all matters which members are entitled to vote upon as provided herein or by applicable law. Notwithstanding the foregoing, no member who is delinquent in their real property taxes or assessments with respect to real property located within the boundaries of the district shall be entitled to vote upon any matter before the members until such time as they have cured such delinquency. Non-voting membership is available to all persons and entities as the corporation's board of directors (the "board of directors or "board") may determine from time to time.”

“Voting members elect the members of the governing board.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. Once the draft is available, it is reviewed by management and any changes incorporated into the filing. Once this detailed review is complete, the draft of the form 990 is presented to the board of directors for their review and comments prior to filing with the irs.”

“At our annual meeting, board members are asked to disclose any and all conflicts by confirming such in a written document that is kept within the organization's files.”

“The execuitve directors/president's performance is reviewed annually by the executive committee based on execution of predetermined goals. Salary is reviewed based on industry nationwide standards. The organization purchases an annual salary survey that is executed by a national organization and includes regional comparisons for job descriptions within this industry. All key employees salaries are reviewed based on this standard and the survey is shared with the employees. This process was last completed in 2021. Compensation decisions are documented in each employee's personnel file.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“The organization has not changed its oversight process or selection process during the tax year.”