2025-12-08T09:31:44-06:00 2025-03-31 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2024-04-01 860253821 FIESTA SPORTS FOUNDATION FIES 4803500900 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 ERIK MOSES EXECUTIVE DIRECTOR/CEO 4803500900 2025-11-21 1 1 REBECCA DETTMANN CPA P01408585 3037795710 2025-11-21 2024 2025-03-06 01:10:19Z X FIESTA BOWL ERIK MOSES 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 23776441 0 X WWW.FIESTASPORTSFOUNDATION.ORG X 1972 AZ PROVIDING PREMIER COLLEGE FOOTBALL EXPERIENCES AND LEAD POSITIVE LOCAL COMMUNITY IMPACT. 29 28 76 3000 38125 33326 97279 0 13238483 19082671 941528 2037875 119385 158599 14396675 21279145 0 2979 0 0 3720035 3939147 0 0 0 9795468 11506639 13515503 15448765 881172 5830380 92530013 95170004 4919183 2219464 87610830 92950540 X THE FIESTA SPORTS FOUNDATION IS HOME TO THE PREMIER COLLEGE FOOTBALL PLAYOFF POSTSEASON GAME, THE VRBO FIESTA BOWL, THE FAN-FRIENDLY RATE BOWL AND MULTIPLE YEAR-ROUND LIVE SPORTS AND ENTERTAINMENT EVENTS THAT FUEL OUR MISSION TO DELIVER POSITIVE ECONOMIC IMPACT AND CHARITABLE RESOURCES THAT BENEFIT COMMUNITIES ACROSS THE STATE OF ARIZONA.OUR VISION IS TO BE ARIZONA'S LEADING ORGANIZATION IN CREATING UNFORGETTABLE EXPERIENCES THROUGH WORLD-CLASS SPORTING EVENTS, UNPARALLELED HOSPITALITY AND LIFE-CHANGING COMMUNITY IMPACT. FOCUSED ON PILLARS OF YOUTH, SPORTS AND EDUCATION. 0 0 13756994 2979 19050171 FIESTA SPORTS FOUNDATION ANNUALLY STAGES THE FIESTA BOWL, WHICH IS PART OF THE COLLEGE FOOTBALL PLAYOFF (CFP) SYSTEM. THE GAME IS PLAYED IN STATE FARM STADIUM IN GLENDALE, ARIZONA. THE 54TH ANNUAL FIESTA BOWL WAS A CFP QUARTERFINAL MATCHUP PLAYED ON DECEMBER 31, 2024. PENN STATE DEFEATED BOISE STATE 31-14 IN FRONT OF NEARLY 64,000 ATTENDEES. AN ESTIMATED 3,000 VOLUNTEERS CONTRIBUTE APPROXIMATELY 15,000 HOURS OF THEIR TIME AS COMMUNITY SERVICE TO HELP PUT ON THE BOWL AND RELATED GAME DAY EVENTS. AS A NONPROFIT ORGANIZATION, WE BELIEVE IN THE IMPORTANCE OF FOSTERING A CULTURE OF COMMUNITY ENGAGEMENT AND SERVICE. OVER THE PAST 15 YEARS, IT IS ESTIMATED THAT THE FIESTA BOWL AND ITS SURROUNDING EVENTS HAVE CONTRIBUTED TO GENERATING OVER $3 BILLION IN ECONOMIC IMPACT FOR ARIZONA AND NEARLY $35 MILLION IN CHARITABLE GIVING THROUGH ITS CORPORATE AFFILIATE. TO LOCAL ORGANIZATIONS AND EDUCATORS, THROUGH PROGRAMS LIKE WISHES FOR TEACHERS. 13756994 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 107 0 1 76 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X BRYCE HANCOCK 4803500944 7135 E CAMELBACK RD SUITE 190 SCOTTSDALE AZ 85251 BRYCE HANCOCK TREASURER (THROUGH 3/25) 5.00 2.00 X X 163748 0 0 JUDY BERNAS CHAIR-ELECT 4.00 4.00 X X 0 0 0 RANDY NORTON CHAIR 4.00 4.00 X X 0 0 0 BRIAN BEDNAR DIRECTOR 3.00 2.00 X 0 0 0 JEFF BEYERSDORFER DIRECTOR (AS OF 4/24) 3.00 2.00 X 0 0 0 TIM BROWN DIRECTOR 4.00 4.00 X 0 0 0 GRAG BYRNE DIRECTOR (AS OF 4/24) 3.00 2.00 X 0 0 0 DAVE DORWARD DIRECTOR 3.00 2.00 X 0 0 0 ED ERHARDT DIRECTOR 3.00 2.00 X 0 0 0 MARK FAST DIRECTOR 3.00 2.00 X 0 0 0 JUDY FERREIRA DIRECTOR (AS OF 4/24) 3.00 2.00 X 0 0 0 DAN FILBY DIRECTOR (AS OF 4/24) 3.00 2.00 X 0 0 0 MARCHELLE FRANKLIN DIRECTOR 3.00 2.00 X 0 0 0 HARRY GAREWAL DIRECTOR 3.00 2.00 X 0 0 0 GARY HANSON DIRECTOR (AS OF 4/24) 3.00 2.00 X 0 0 0 JAMES HATFIELD DIRECTOR 3.00 2.00 X 0 0 0 TOM O'MALLEY DIRECTOR 3.00 2.00 X 0 0 0 RAMEY PERU DIRECTOR (AS OF 4/24) 3.00 2.00 X 0 0 0 JOHN RAWICZ DIRECTOR 3.00 2.00 X 0 0 0 DON REESE DIRECTOR 3.00 2.00 X 0 0 0 DAWN ROGERS DIRECTOR 3.00 2.00 X 0 0 0 RACHEL SACCO DIRECTOR 3.00 2.00 X 0 0 0 DENISE SEOMIN DIRECTOR 3.00 2.00 X 0 0 0 JEFF SMITH DIRECTOR (THROUGH 3/25) 3.00 2.00 X 0 0 0 GENE SMITH DIRECTOR 4.00 4.00 X 0 0 0 NICK SMITH DIRECTOR 4.00 4.00 X 0 0 0 BRENT STODDARD DIRECTOR 3.00 2.00 X 0 0 0 MIKE WILCOX DIRECTOR 3.00 2.00 X 0 0 0 GLENN WONG DIRECTOR 3.00 2.00 X 0 0 0 ERIK MOSES EXECUTIVE DIRECTOR/CEO 45.00 15.00 X 722093 0 39337 HOPE M SHARETT CHIEF LEGAL & STRATEGY OFFICER 35.00 20.00 X 281479 0 0 PETE VAZQUEZ VP OF FINANCE 30.00 20.00 X 178402 0 0 KRISTINA CHUMPOL CHIEF OF STAFF/VP OF COMM. INV 20.00 35.00 X 206450 0 12437 SCOTT LEIGHTMAN VP OF COMMUNICATIONS 40.00 10.00 X 185697 0 32284 DANIEL THOMAS NEWHART VP OF TICKETING 38.00 12.00 X 146767 0 11702 MICHAEL I IAQUINTA SENIOR VP OF CORP. PARTN. (THROUGH 3/25) 30.00 10.00 X 149932 0 2823 CHRIS MONTGOMERY SR. DIR OF VOLUNTEER ENGAGEMENT 30.00 10.00 X 129334 0 6393 CURTIS KRIZAN FORMER CFO (THROUGH 11/23) 30.00 10.00 X 113117 0 0 JOSE LUIS MORENO FORMER CMO (THROUGH 5/23) 30.00 10.00 X 103014 0 0 2380033 0 104976 13 1 1 0 CFP ADMINISTRATION LLC 545 E JOHN CARPENTER FWY STE 1025 IRVING TX 75062 ADMINISTRATION 5520668 IMAGE CRAFT LLC 3401 EAST BROADWAY RD STE 15 PHOENIX AZ 85040 MARKETING SERVICES 674377 LANETERRALEVER LLC 645 EAST MISSOURI AVE STE 400 PHOENIX AZ 85012 MARKETING SERVICES 574936 WINDSTAR LINES INC PO BOX 786 1903 N US HWY 71 CARROLL IA 51401 TRANSPORTATION 252506 ANACHEL COMMUNICATIONS INC 1212 CHERRY MAPLE STREET KNIGHTDALE NC 27545 PUBLIC RELATIONS 172886 13 GAME REVENUE 711300 17431594 17431594 EVENT REVENUE 711130 1532872 1532872 ACKNOWLEDGEMENTS 711300 85705 85705 ADVERTISING 541800 32500 32500 19082671 1275068 5625 1269443 86715 86715 3260103 2497296 762807 762807 762807 MISCELLANEOUS 711300 71884 71884 71884 21279145 19050171 38125 2190849 2979 2979 1115281 750061 365220 58116 43587 14529 2126937 1819444 307493 141287 113952 27335 243921 190746 53175 253605 198319 55286 96473 75442 21031 153660 120162 33498 274498 178960 95538 284776 284776 118933 93006 25927 175024 136869 38155 295761 231285 64476 162657 127198 35459 217425 170026 47399 9548 9548 266487 208393 58094 227135 227135 UBIT 15457 15457 GAME EXPENSES 7893758 7893758 SALES&USE TAX 959305 750177 209128 PROMOTIONS&HOSPITALITY 696699 696699 -340957 -328845 -12112 15448765 13756994 1691771 0 1287024 1035292 7643523 10033839 2727367 837057 1400000 1400000 186155 303730 7984061 6132123 2181995 1851938 23372692 22591079 1155065 601122 52576192 56515947 92530013 95170004 4701469 2065212 217714 154252 4919183 2219464 X 87610830 92950540 87610830 92950540 92530013 95170004 5830380 -490670 0 X X 0 1 X 1 0 X 4100 500 97279 101879 7505197 11903082 25195514 11655000 19050171 75308964 1378742 1761674 2255835 1550483 6946734 8883939 13668856 27451849 13302762 19050171 82357577 0 1123142 1080709 1592725 1259890 727366 5783832 1123142 1080709 1592725 1259890 727366 5783832 76573745 507609 1188269 1433496 1349469 1356158 5835001 8462 18225 31544 36427 33401 128059 516071 1206494 1465040 1385896 1389559 5963060 41900 57082 32390 71884 203256 9400010 14917250 28973971 14721048 20511614 88523893 0.86500 0.86700 0.06740 0.06150 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2021 AMOUNT: $ 41,900. 2022 AMOUNT: $ 57,082. 2023 AMOUNT: $ 32,390. 2024 AMOUNT: $ 71,884. 0 0 0 0 X 15448765 9539660 15448765 9539660 922438 626983 230610 156746 0 0 0 0 662534 666376 617783 626983 2573676 3860514 165634 166594 154446 156746 643420 965130 116170 116170 5596686 4100834 1495852 419420 305463 113957 1842989 1717030 125959 8796 8796 0 1851938 DUE FROM AFFILIATES 57127482 FIN STMT DISCOUNT ON RELATED PARTY LONG-TERM RECEIVABLE -611535 56515947 X 28887726 -490670 401752 8656804 8567886 20319840 959305 959305 21279145 25324211 401752 10432999 10834751 14489460 959305 959305 15448765 PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES AND GENERALLY IS NOT SUBJECT TO INCOME TAX. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION RECOGNIZED NO LIABILITY FOR UNCERTAIN TAX POSITIONS AS OF MARCH 31, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOL REV VSB FOUNDATION - SEPARATE FILING ENTITY 5,054,527. CONSOL REV FEI - SEPARATE FILING ENTITY 3,602,277. PART XI, LINE 4B - OTHER ADJUSTMENTS: SALES & USE TAX EXPENSE NETTED WITH REVENUE ON AFS 959,305. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOL EXP VSB FOUNDATION - SEPARATE FILING ENTITY 4,622,960. CONSOL EXP FEI - SEPARATE FILING ENTITY 5,810,039. PART XII, LINE 4B - OTHER ADJUSTMENTS: SALES & USE TAX EXPENSE NETTED WITH REVENUE ON AFS 959,305. X X X X 1 0 0 1 1 1 1 0 0 ERIK MOSES EXECUTIVE DIRECTOR/CEO 562093 0 160000 0 0 0 39337 0 0 0 761430 0 0 0 HOPE M SHARETT CHIEF LEGAL & STRATEGY OFFICER 263979 0 17500 0 0 0 0 0 0 0 281479 0 0 0 KRISTINA CHUMPOL CHIEF OF STAFF/VP OF COMM. INV 141450 0 65000 0 0 0 10500 0 1937 0 218887 0 0 0 SCOTT LEIGHTMAN VP OF COMMUNICATIONS 167722 0 17975 0 0 0 12583 0 19701 0 217981 0 0 0 PETE VAZQUEZ VP OF FINANCE 168402 0 10000 0 0 0 0 0 0 0 178402 0 0 0 BRYCE HANCOCK TREASURER (THROUGH 3/25) 163748 0 0 0 0 0 0 0 0 0 163748 0 0 0 DANIEL THOMAS NEWHART VP OF TICKETING 123767 0 23000 0 0 0 6058 0 5644 0 158469 0 0 0 MICHAEL I IAQUINTA SENIOR VP OF CORP. PARTN. (THROUGH 3/25) 149932 0 0 0 0 0 0 0 2823 0 152755 0 0 0 CURTIS KRIZAN FORMER CFO (THROUGH 11/23) 0 0 0 0 113117 0 0 0 0 0 113117 0 0 0 JOSE LUIS MORENO FORMER CMO (THROUGH 5/23) 0 0 0 0 103014 0 0 0 0 0 103014 0 0 0 PART I, LINE 4A FIESTA SPORTS FOUNDATION (FSF) PAID A SEVERANCE TO JOSE MORENO IN THE AMOUNT OF $103,014 AND TO CURTIS KRIZAN IN THE AMOUNT OF $113,117, INCLUDED IN COLUMN B(III) IN PART II, DURING THE TAX YEAR. ALL AMOUNTS WERE INCLUDED IN TAXABLE WAGES FOR THE APPROPRIATE CALENDAR YEAR. PART I, LINE 5 THE ORGANIZATION HAS A FORMAL BONUS PLAN BASED UPON ORGANIZATIONAL AND INDIVIDUAL GOALS. THESE GOALS MAY INCLUDE RESULTS CONTINGENT ON REVENUE OR NET INCOME OF THE FIESTA SPORTS FOUNDATION AND RELATED ORGANIZATIONS. BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS PRIOR TO PAYMENT. PART I, LINE 6 THE ORGANIZATION HAS A FORMAL BONUS PLAN BASED UPON ORGANIZATIONAL AND INDIVIDUAL GOALS. THESE GOALS MAY INCLUDE RESULTS CONTINGENT ON REVENUE OR NET INCOME OF THE FIESTA SPORTS FOUNDATION AND RELATED ORGANIZATIONS. BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS PRIOR TO PAYMENT. SCHEDULE J, PART II FOR PAYROLL TAX PURPOSES, THE FIESTA SPORTS FOUNDATION (FSF) PAYS ALL EMPLOYEES OF FSF AND ITS RELATED ORGANIZATIONS, VALLEY OF THE SUN BOWL FOUNDATION (VSB), FIESTA EVENTS, INC. (FEI), AND ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION (ACFCF). EXPENSE ALLOCATIONS OF OFFICER, KEY EMPLOYEE AND STAFF COMPENSATED ARE MADE IN ACCORDANCE WITH THE EMPLOYEES' AVERAGE TIME DEVOTED TO EACH OF THE ORGANIZATIONS. MICHAEL NEALY FORMER EXECUTIVE DIRECTOR SPLIT DOLLAR LIFE INS PREMIUMS ON POLICY OWNED BY MR. NEALY X 200000 1400000 0 1 1 1400000 FORM 990, PART V, LINE 2A & 2B, AND PART IX, COMPENSATION AMOUNTS: THE EMPLOYEES DEVOTING TIME TO THE FIESTA SPORTS FOUNDATION (FSF) 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 FSF 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, SECTION A, LINE 1A THE BOARD OF DIRECTORS DELEGATES SOME 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 EXECUTIVE COMMITTEE SHALL REPORT ITS BUSINESS DECISIONS TO THE DIRECTORS AT THE NEXT REGULARLY SCHEDULED OR SPECIAL MEETING OF THE BOARD OF DIRECTORS, AS THE CASE MAY BE. SUBJECT TO A MAJORITY VOTE OF THE DIRECTORS PRESENT, IN PERSON OR BY PROXY, AT A DULY CONVENED MEETING AT WHICH A QUORUM IS PRESENT AS SET FORTH IN SECTION 6.01 ABOVE, THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL INCLUDE THE CHAIR, IMMEDIATE PAST CHAIR, CHAIR-ELECT, TREASURER, SECRETARY, THE CHAIRS OF THE NOMINATING AND GOVERNANCE COMMITTEE AND AUDIT & COMPLIANCE COMMITTEE, AND TWO OTHER DIRECTORS NOMINATED BY THE CHAIR AND APPROVED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. THE CHAIR SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE. ALL OTHER ASPECTS OF THE FUNCTION AND PROCEDURES OF THE EXECUTIVE COMMITTEE SHALL BE DECIDED BY THE BOARD OF DIRECTORS. ADDITIONALLY, EXCEPT AS MAY BE OTHERWISE APPROVED BY THE BOARD OF DIRECTORS FROM TIME TO TIME, ALL EXPENSE REIMBURSEMENTS OF THE EXECUTIVE DIRECTOR ARE REVIEWED BY THE CFO FOR POLICY ADHERENCE AND REVIEWED AND APPROVED MONTHLY BY AT LEAST TWO MEMBERS OF THE EXECUTIVE COMMITTEE. EXPENSE REPORTS SUBMITTED BY BOARD MEMBERS AND EXECUTIVE COMMITTEE MEMBERS WILL BE APPROVED BY THE CFO, FOR POLICY ADHERENCE, AND AT LEAST TWO MEMBERS OF THE EXECUTIVE COMMITTEE OR BOARD (AS DESIGNATED BY THE BOARD) WHO DID NOT PARTICIPATE IN THE ACTIVITIES TO BE REIMBURSED. FORM 990, PART VI, SECTION A, LINE 4 THE ARTICLES WERE AMENDED DURING THE YEAR AS A RESULT OF THE ENTITY CHANGING THEIR NAME. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTING FIRM FOLLOWED BY MANAGEMENT'S FINAL REVIEW. ONCE THE RETURN IS COMPLETED AND REVIEWED, THE FORM 990 IS PROVIDED TO THE AUDIT AND COMPLIANCE COMMITTEE FOR THEIR REVIEW. AFTER THE COMMITTEES' REVIEW THE RETURN, IT IS PRESENTED TO THE BOARD OF DIRECTORS. UPON REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY REQUIRES ALL 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. EMPLOYEES COMPLETE THE DISCLOSURE ANNUALLY AS WELL. (I) THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (II) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (III) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS IN ACCORDANCE WITH THE BYLAWS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE FOUNDATION AND SHALL MAKE THEIR DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTOR'S COMPENSATION COMMITTEE AND GOVERNED BY THE EXECUTIVE COMPENSATION COMMITTEE CHARTER. THE COMMITTEE IS COMPRISED OF THE CHAIR OF THE BOARD, CHAIR-ELECT OF THE BOARD AND THE IMMEDIATE PAST CHAIR OF THE BOARD. THE COMMITTEE IS CHARGED WITH THE ANNUAL REVIEW AND APPROVAL OF THE TOTAL COMPENSATION PACKAGE PROPOSED FOR THE EXECUTIVE DIRECTOR. THE COMMITTEE UNDERTAKES ACTIONS NECESSARY TO CARRY OUT THE PURPOSES OF THE COMMITTEE, INCLUDING BUT NOT LIMITED TO: - CONDUCTING AN ANNUAL REVIEW OF THE PERFORMANCE OF THE EXECUTIVE DIRECTOR BASED UPON EVALUATION CRITERIA DEVELOPED BY THE COMMITTEE AND THE BOARD OF DIRECTORS. - CONDUCTING AN ANNUAL REVIEW OF COMPENSATION COMPARABILITY DATA FOR THE EXECUTIVE DIRECTOR. COMPARABILITY DATA SHALL CONSIST OF COMPENSATION PAID TO INDIVIDUALS WITH FUNCTIONALLY SIMILAR POSITIONS. SOURCES OF COMPARABLE DATA MAY INCLUDE, BUT NOT BE LIMITED TO: BOWL SEASON COMPENSATION SURVEY, IRS 990 FILINGS OF SIMILAR NON-PROFITS (I.E. OBTAINED THROUGH GUIDESTAR.ORG) AND OTHER THIRD-PARTY RESEARCH. COMPENSATION CONSULTANTS MAY BE UTILIZED IF DEEMED NECESSARY BY THE COMMITTEE. - OVERSEEING THE DEVELOPMENT OF THE EXECUTIVE DIRECTOR'S ANNUAL INCENTIVE PLAN WITH A FORMAL REVIEW AT YEAR-END TO DETERMINE ACHIEVEMENT OF ESTABLISHED GOALS AND TARGETS. - DOCUMENTING AND DELIVERING AN ANNUAL REPORT TO THE BOARD ON THE SUBSTANCE OF THE COMMITTEE'S PERFORMANCE EVALUATION AND COMPENSATION REVIEW PROCESS, INCLUDING THE APPROVED COMPENSATION PACKAGE, THE NAMES OF THE MEMBERS OF THE COMMITTEE WHO PARTICIPATED IN THE COMMITTEE'S DELIBERATIONS, THE COMPARABILITY DATA RELIED UPON BY THE COMMITTEE, AND THE REASONS FOR ANY DEPARTURE FROM THE RANGE OF REASONABLE COMPENSATION PROVIDED BY SUCH DATA. THE COMPENSATION COMMITTEE AND EXECUTIVE DIRECTOR DETERMINE KEY EMPLOYEE PAY RANGES. COMPARABLE ORGANIZATION 990 AND BOWL SEASON COMPENSATION SURVEY DATA ARE USED IN THE ANALYSIS. THE BOARD OF DIRECTORS APPROVES THE PERSONNEL BUDGET ANNUALLY WHICH IS DOCUMENTED BY BOARD MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 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 HTTPS://WWW.FIESTASPORTSFOUNDATION.ORG/SPORTS/2019/10/24/GOVERNANCE. THE ORGANIZATION DOES NOT MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION A, LINE 1B: THE FIESTA SPORTS FOUNDATION (FSF) AND ITS RELATED AFFILIATES (ARIZONA COLLGE FOOTBALL CHAMPIONSHIP FOUNDATION (ACFCF), FIESTA EVENTS, INC (FEI), AND VALLEY OF THE SUN BOWL FOUNDATION (VSBF) 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 MEMBER IS CONSIDERED NOT INDEPENDENT FOR ONE ORGANIZATION, THEY ARE CONSIDERED NOT INDEPENDENT FOR ALL RELATED ORGANIZATIONS. UNDER THE POLICIES AND PROCEDURES OF THE ORGANIZATION, BOARD MEMBERS MUST RECUSE THEMSELVES FROM THE DISCUSSION AND VOTE OF ANY RELATED TRANSACTION. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. VALLEY OF THE SUN BOWL FOUNDATION 7135 E CAMELBACK RD SUITE 190 PHOENIX AZ 85251 860902767 COLLEGE BOWL AZ 501(C)(3) LINE 10 N/A 0 ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION 7135 E CAMELBACK RD SUITE 190 PHOENIX AZ 85251 203705626 COLLEGE BOWL AZ 501(C)(3) LINE 10 N/A 0 FIESTA EVENTS INC 7135 E CAMELBACK RD SUITE 190 PHOENIX AZ 85251 860666998 SPORT EVENTS AZ 501(C)(3) LINE 10 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 VALLEY OF THE SUN BOWL FOUNDATION 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 860902767 X 0 0 0 4502557 4502557 375128 93782 0 0 0 FIESTA EVENTS INC 7135 E CAMELBACK ROAD 190 SCOTTSDALE AZ 85251 860666998 X 0 0 0 5037103 5037103 401855 100464 0 0 0 THE ARIZONA COLLEGE FOOTBALL CHAMPIONSHIP FOUNDATION 7135 E CAMELBACK RD 190 SCOTTSDALE AZ 85251 203705626 X 0 0 0 0 0 0 0 0 0 0