2025-10-09T15:48:20-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2024-07-01 860539979 GREATER PHOENIX ECONOMIC COUNCIL GREA 6022567700 TWO NORTH CENTRAL AVENUE 2500 PHOENIX AZ 850042389 THOMAS MAYNARD INTERIM CEO 6022567700 2025-10-03 1 1 JACQUELINE ECKMAN P01300648 6022662248 2025-10-03 2024 2025-03-06 01:10:19Z THOMAS MAYNARD TWO NORTH CENTRAL AVENUE 2500 PHOENIX AZ 850042389 10338550 0 X WWW.GPEC.ORG X 1989 AZ ATTRACT AND GROW QUALITY BUSINESSES AND ADVOCATE FOR GREATER PHOENIX'S COMPETITIVENESS. 92 92 47 100 0 0 5191985 6602641 3433059 3721391 13880 14518 0 0 8638924 10338550 0 0 0 0 5113632 5424787 0 0 295408 3114991 3754219 8228623 9179006 410301 1159544 9735425 11038156 4164340 4307527 5571085 6730629 X THE ORGANIZATION'S MISSION IS TO ATTRACT AND GROW QUALITY BUSINESSES AND ADVOCATE FOR GREATER PHOENIX'S COMPETITIVENESS. 1 0 7563998 0 3721391 IN FY25, GPEC WORKED WITH ITS STAKEHOLDERS AND MEMBER COMMUNITIES TO ATTRACT 54 COMPANIES TO THE MARKET, ADDING $572.02M IN INCREMENTAL PAYROLL, COMPRISING 7,206 PROJECTED NEW JOBS OF WHICH 4,983 WERE AT AN AVERAGE HIGH-WAGE OF $91,206. GPEC HAD 264 PROSPECTS, OF WHICH 78 WERE INTERNATIONAL. 118267 0 0 IN FY25, GPEC BEGAN DEVELOPMENT OF A UNIQUE BRAND PLATFORM THAT WILL BE LAUNCHED IN FY26 TO BOTH BUILD LOCAL RECOGNITION AND PRIDE AND CREATE A UNIFIED BRAND NATIONALLY AND INTERNATIONALLY HIGHLIGHTING THE REGION AS "A NEW WAY TO CITY" THAT IS FOCUSED ON INNOVATION AND GREATER PHOENIX'S POSITION TO GROW THE TALENT AND INDUSTRIES OF THE FUTURE. 7682265 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 21 0 1 47 1 0 0 0 0 0 1 1 0 0 0 0 X 92 92 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THOMAS MAYNARD 6022567700 TWO N CENTRAL AVENUE STE 2500 PHOENIX AZ 85004 CHRIS CAMACHO PRESIDENT/CEO 40.00 1.00 X 648736 0 87028 BRAD SMIDT SVP OF BUSINESS DEVELOPMENT 40.00 0.00 X 197006 0 29745 THOMAS MAYNARD SVP OF BUSINESS DEVELOPMENT 40.00 0.00 X 192754 0 21456 MAUREEN HOWELL CHIEF OPERATING OFFICER 40.00 0.00 X 188677 0 21180 KATHLEEN LEE SVP OF REGIONAL INITIATIVES 40.00 0.00 X 179205 0 20830 SEAN FOGARTY VP OF BUSINESS DEVELOPMENT 40.00 0.00 X 159473 0 18812 DERRICK HALL CHAIR 1.00 0.00 X X 0 0 0 TAMMY MCLEOD VICE CHAIR 1.00 0.00 X X 0 0 0 RON BUTLER TREASURER 1.00 0.00 X X 0 0 0 BRAD VYNALEK SECRETARY 1.00 0.00 X X 0 0 0 ED AARONSON DIRECTOR 1.00 0.00 X 0 0 0 MEGAN ACKAERT DIRECTOR 1.00 0.00 X 0 0 0 DANIEL BARAJAS DIRECTOR 1.00 0.00 X 0 0 0 JEFF BARTON DIRECTOR 1.00 0.00 X 0 0 0 JASON BECK DIRECTOR 1.00 0.00 X 0 0 0 KYLE BECTON DIRECTOR (UNTIL 03/2025) 1.00 0.00 X 0 0 0 COREY BERENDS DIRECTOR 1.00 0.00 X 0 0 0 STEVE BETTS DIRECTOR 1.00 0.00 X 0 0 0 CHRIS BRADY DIRECTOR 1.00 0.00 X 0 0 0 JARETT BROCK DIRECTOR 1.00 0.00 X 0 0 0 MATHEW BUCHWALD DIRECTOR 1.00 0.00 X 0 0 0 MIKE CANADA DIRECTOR (UNTIL 12/2024) 1.00 0.00 X 0 0 0 EDWARD CARR DIRECTOR 1.00 0.00 X 0 0 0 SONNY CAVE DIRECTOR 1.00 0.00 X 0 0 0 WENDY COHEN DIRECTOR 1.00 0.00 X 0 0 0 ANGELA CREEDON DIRECTOR 1.00 0.00 X 0 0 0 RACHAEL CRUMP DIRECTOR 1.00 0.00 X 0 0 0 MIKE CRUZ DIRECTOR 1.00 0.00 X 0 0 0 JAMES CURRIER DIRECTOR 1.00 0.00 X 0 0 0 CHRIS DEROSE DIRECTOR 1.00 0.00 X 0 0 0 TOMAS DIAZ DE LA RUBIA DIRECTOR 1.00 0.00 X 0 0 0 ROSHY DIDEHBAN DIRECTOR 1.00 0.00 X 0 0 0 MARY FEDEWA DIRECTOR 1.00 0.00 X 0 0 0 LISA FITZGIBBONS DIRECTOR 1.00 0.00 X 0 0 0 KATE GALLEGO DIRECTOR 1.00 0.00 X 0 0 0 THOMAS GALVIN DIRECTOR 1.00 0.00 X 0 0 0 BILL GATES DIRECTOR (UNTIL 03/2025) 1.00 0.00 X 0 0 0 ANDREW GEIER DIRECTOR 1.00 0.00 X 0 0 0 TED GEISLER DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN GOEPPINGER DIRECTOR 1.00 0.00 X 0 0 0 MAX GONZALES DIRECTOR 1.00 0.00 X 0 0 0 ADAM GOODMAN DIRECTOR 1.00 0.00 X 0 0 0 MIKE GOODMAN DIRECTOR 1.00 0.00 X 0 0 0 JOHN GRAHAM DIRECTOR 1.00 0.00 X 0 0 0 CHRIS GROGAN DIRECTOR 1.00 0.00 X 0 0 0 SHARRON GRZYBOWSKI DIRECTOR (UNTIL 03/2025) 1.00 0.00 X 0 0 0 SHARON HARPER DIRECTOR 1.00 0.00 X 0 0 0 KEVIN HARTKE DIRECTOR 1.00 0.00 X 0 0 0 PETER HECK DIRECTOR 1.00 0.00 X 0 0 0 DANIEL HENDRICKSON DIRECTOR 1.00 0.00 X 0 0 0 ALEXIS HERMOSILLO DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN HIGGINS DIRECTOR 1.00 0.00 X 0 0 0 TONY HOUSTON DIRECTOR 1.00 0.00 X 0 0 0 JOE HUGHES DIRECTOR 1.00 0.00 X 0 0 0 HEIDI JANNENGA DIRECTOR (UNTIL 03/2025) 1.00 0.00 X 0 0 0 BRETT JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 BRIAN JONES DIRECTOR 1.00 0.00 X 0 0 0 DANIEL KEAVENEY DIRECTOR 1.00 0.00 X 0 0 0 SHEILA KLOEFKORN DIRECTOR 1.00 0.00 X 0 0 0 CHRIS KOCH DIRECTOR 1.00 0.00 X 0 0 0 ANDRE KUDELSKI DIRECTOR 1.00 0.00 X 0 0 0 TODD LAPORTE DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL LEVAULT DIRECTOR 1.00 0.00 X 0 0 0 JEFF LOWE DIRECTOR 1.00 0.00 X 0 0 0 PAUL LUNA DIRECTOR 1.00 0.00 X 0 0 0 RAM MAYAMPURATH DIRECTOR (UNTIL 08/2024) 1.00 0.00 X 0 0 0 DEA MCDONALD DIRECTOR 1.00 0.00 X 0 0 0 CRAIG MCFARLAND DIRECTOR (UNTIL 03/2025) 1.00 0.00 X 0 0 0 CIARAN MCMULLAN DIRECTOR 1.00 0.00 X 0 0 0 JESSICA MEFFORD-MILLER DIRECTOR 1.00 0.00 X 0 0 0 SALLY MORTON DIRECTOR 1.00 0.00 X 0 0 0 BRIAN MUELLER DIRECTOR 1.00 0.00 X 0 0 0 SCOTT MYERS DIRECTOR 1.00 0.00 X 0 0 0 FRANCIS NAJAFI DIRECTOR 1.00 0.00 X 0 0 0 CURTIS NIELSON DIRECTOR 1.00 0.00 X 0 0 0 ERIC ORSBORN DIRECTOR 1.00 0.00 X 0 0 0 NATASCHA OVANDO-KARADSHEH DIRECTOR 1.00 0.00 X 0 0 0 AMY PERRY DIRECTOR 1.00 0.00 X 0 0 0 KEVIN PHELPS DIRECTOR 1.00 0.00 X 0 0 0 SCOTT PHILLIPS DIRECTOR 1.00 0.00 X 0 0 0 MIKE PINEDA DIRECTOR 1.00 0.00 X 0 0 0 JOE PIZZILLO DIRECTOR 1.00 0.00 X 0 0 0 WILL REHRIG DIRECTOR 1.00 0.00 X 0 0 0 PAUL RIVERS DIRECTOR 1.00 0.00 X 0 0 0 JUAN RODRIGUEZ DIRECTOR 1.00 0.00 X 0 0 0 DAVID ROUSSEAU DIRECTOR 1.00 0.00 X 0 0 0 MARC SCHMITTLEIN DIRECTOR 1.00 0.00 X 0 0 0 NANCY SMITH DIRECTOR 1.00 0.00 X 0 0 0 KATHRYN SORENSEN DIRECTOR 1.00 0.00 X 0 0 0 SCOTT SPURGEON DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER STEIN DIRECTOR 1.00 0.00 X 0 0 0 KYLE STEINBUCH DIRECTOR 1.00 0.00 X 0 0 0 MARK STEWART DIRECTOR 1.00 0.00 X 0 0 0 CATHY TEETER DIRECTOR 1.00 0.00 X 0 0 0 KERI TIGNINI DIRECTOR 1.00 0.00 X 0 0 0 KEVIN TULIPANA DIRECTOR 1.00 0.00 X 0 0 0 KEN VECCHIONE DIRECTOR 1.00 0.00 X 0 0 0 CATHLEEN WALKER DIRECTOR (UNTIL 03/2025) 1.00 0.00 X 0 0 0 ANDY WARREN DIRECTOR 1.00 0.00 X 0 0 0 RICK WATTS DIRECTOR 1.00 0.00 X 0 0 0 BROOKE WESTEMEIER DIRECTOR 1.00 0.00 X 0 0 0 JULIA WHEATLEY DIRECTOR 1.00 0.00 X 0 0 0 COREY WOODS DIRECTOR 1.00 0.00 X 0 0 0 BRAD WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 CHRIS ZAHARIS DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER ZONNEVELD DIRECTOR 1.00 0.00 X 0 0 0 1565851 0 199051 6 0 1 0 YOO AND COMPANY 850 N 5TH STREET SUITE 126 PHOENIX AZ 85004 GRANT CONSULTING 153920 1 1907572 4695069 79283 6602641 SPECIAL PROGRAM EVENTS 900099 3165633 3165633 CONTRACT SERVICES 900099 555758 555758 3721391 14518 14518 10338550 3721391 0 14518 665456 399274 133091 133091 3869411 2962000 745094 162317 217348 179506 37842 380299 312496 67803 292273 239816 52457 27053 27053 36025 36025 554737 530391 24346 449481 449481 92290 81612 10678 229574 211463 18111 430059 411221 18838 32087 32087 1090395 1090395 199958 145962 53996 30053 21447 8606 DUES AND SUBSCRIPTIONS 379018 377447 1571 MEMBER EVENTS 194142 194142 BAD DEBT EXPENSE 7500 7500 OTHER EXPENSES 1847 1847 9179006 7682265 1201333 295408 4575333 5463863 1508086 1582361 135000 55000 245646 774639 296544 238954 2167705 2049877 237334 117828 2737482 2805511 9735425 11038156 1183871 1245152 11500 2500 2968969 3059875 4164340 4307527 X 5548446 5411350 22639 1319279 5571085 6730629 9735425 11038156 1159544 0 X X 0 1 X 1 0 X 4377375 4351783 5801052 5191985 6602641 26324836 4377375 4351783 5801052 5191985 6602641 26324836 1087934 25236902 1355 628 4136 13880 14518 34517 26359353 16401941 0.95740 0.95260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36025 36025 7646239 7682264 534113 133528 0 0 457423 500900 486506 534113 1978942 2968413 33000 36025 39000 36025 144050 114356 125225 121627 133528 494736 742104 1207404 1191467 15937 922810 820919 101891 37491 37491 0 117828 RIGHT OF USE LEASE ASSETS - FINANCING 18941 RIGHT OF USE LEASE ASSETS - OPERATING 2786570 2805511 REFUNDABLE ADVANCES 34000 FINANCE LEASE LIABILITY 18871 OPERATING LEASE LIABILITY 3007004 3059875 X 10388055 49505 49505 10338550 0 10338550 9228511 49505 49505 9179006 0 9179006 PART X, LINE 2: GPEC QUALIFIES AS A TAX-EXEMPT ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE, THERE IS NO PROVISION FOR FEDERAL OR STATE CORPORATE INCOME TAXES. MANAGEMENT OF THE ORGANIZATION DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS EXIST AS OF JUNE 30, 2025 AND 2024. X 1 1 X X X X 0 0 0 0 0 1 0 0 0 CHRIS CAMACHO PRESIDENT/CEO 427500 0 214290 0 6946 0 75700 0 11328 0 735764 0 0 0 BRAD SMIDT SVP OF BUSINESS DEVELOPMENT 171064 0 21547 0 4395 0 11989 0 17756 0 226751 0 0 0 THOMAS MAYNARD SVP OF BUSINESS DEVELOPMENT 165830 0 26924 0 0 0 11565 0 9891 0 214210 0 0 0 MAUREEN HOWELL CHIEF OPERATING OFFICER 166070 0 22607 0 0 0 11321 0 9859 0 209857 0 0 0 KATHLEEN LEE SVP OF REGIONAL INITIATIVES 150968 0 28237 0 0 0 10752 0 10078 0 200035 0 0 0 SEAN FOGARTY VP OF BUSINESS DEVELOPMENT 145381 0 14092 0 0 0 8723 0 10089 0 178285 0 0 0 PART I, LINE 1A GPEC PAYS FOR A HEALTH CLUB MEMBERSHIP MONTHLY AND EVERY EMPLOYEE OF GPEC IS ELIGIBLE TO USE THIS MEMBERSHIP. PART I, LINE 6 ALL EMPLOYEES EXCEPT FOR THE INTERNS CAN EARN A BONUS BASED ON THE PERFORMANCE OF THE COMPANY, THEIR TEAM, AND INDIVIDUAL ACCOMPLISHMENTS. COMPANY METRICS ARE REVIEWED AND APPROVED BY THE PERFORMANCE COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD. X TICKETS 2 44000 FMV X CATERING 4 24522 FMV X SUPPLIES 1 10761 FMV 0 0 0 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 2 IN FY25, GPEC BEGAN DEVELOPMENT OF A UNIQUE BRAND PLATFORM THAT WILL BE LAUNCHED IN FY26 TO BOTH BUILD LOCAL RECOGNITION AND PRIDE AND CREATE A UNIFIED BRAND NATIONALLY AND INTERNATIONALLY HIGHLIGHTING THE REGION AS "A NEW WAY TO CITY" THAT IS FOCUSED ON INNOVATION AND GREATER PHOENIX'S POSITION TO GROW THE TALENT AND INDUSTRIES OF THE FUTURE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD SHALL CONSIST OF THE NUMBER OF MEMBERS ESTABLISHED BY THE BYLAWS AND SELECTED AT THE ANNUAL MEETING ACCORDING TO THE BYLAWS. 1) THE CHAIRPERSON OF THE BOARD SHALL BE A MEMBER OF THE EXECUTIVE COMMITTEE AND THE CHAIRPERSON OF THE EXECUTIVE COMMITTEE, 2) THE IMMEDIATE PAST CHAIRPERSON OF THE BOARD SHALL BE A MEMBER OF THE EXECUTIVE COMMITTEE, 3) ALL MEMBER OF THE EXECUTIVE COMMITTEE MUST BE ELECTED FROM AMONG THE DIRECTORS TO THE BOARD. 4) THE CHIEF EXECUTIVE OFFICER SHALL SERVE AS AN ADVISORY MEMBER OF THE EXECUTIVE COMMITTEE WITHOUT VOTE. THE CHIEF EXECUTIVE OFFICER SHALL RECEIVE NOTICE OF, AND BE ENTITLED TO ATTEND EACH MEETING OF THE EXECUTIVE COMMITTEE. 5) NOTWITHSTANDING ANYTHING SET FORTH HEREIN, NO MEMBER OF THE EXECUTIVE COMMITTEE SHALL BE AN ELECTED PUBLIC OFFICIAL. IN THE INTERIM BETWEEN BOARD MEETINGS, THE EXECUTIVE COMMITTEE SHALL SUPERVISE AND MANAGE THE CORPORATION'S BUSINESS AND AFFAIRS AND SHALL EXERCISE THE AUTHORITY OF THE BOARD, INCLUDING HAVING THE POWER TO APPOINT AN INTERIM CHIEF EXECUTIVE OFFICER/PRESIDENT IN THE EVENT OF A VACANCY IN SUCH OFFICE, SUBJECT, HOWEVER, TO ANY LIMITATIONS SPECIFIED BY THE ARTICLES, THESE BYLAWS, EXPRESS BOARD RESOLUTIONS TO THE CONTRARY, AND APPLICABLE LAW. THE EXECUTIVE COMMITTEE SHALL NOT POSSESS ANY AUTHORITY OF THE BOARD PROHIBITED TO IT BY LAW AND MAY NOT FILL ANY VACANCY ON THE BOARD OR ANY COMMITTEE OF THE BOARD, ADOPT AMENDMENTS TO THE ARTICLES OR THESE BYLAWS, OR FIX COMPENSATION FOR THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 BOARD OF DIRECTORS ARE ENGAGED IN BUSINESSES RELATED TO AND COMPATIBLE WITH ONE ANOTHER. AS SUCH THEY ARE FREQUENTLY IN THE POSITION TO PROCURE GOODS AND SERVICES FROM EACH OTHER IN THE DAILY OPERATION OF THEIR BUSINESSES. THERE ARE MULTIPLE BOARD MEMBERS WHO WORK FOR THE SAME ENTITY. FORM 990, PART VI, SECTION A, LINE 7A ALL DIRECTORS SHALL BE NOMINATED OR APPOINTED IN THE MANNER AND BY THE INDIVIDUALS OR ENTITIES LISTED. ANY INDIVIDUAL EMPOWERED BY THESE BYLAWS TO NOMINATE OR APPOINT ONE OR MORE MEMBERS OF THE BOARD MAY NOMINATE OR APPOINT HIMSELF OR HERSELF TO THE BOARD, MAY NOMINATE ONE OF ITS OWN MEMBERS, OR MAY APPOINT ONE OF ITS OWN MEMBERS. THE CHIEF EXECUTIVE OFFICER OF THE CORPORATION SHALL BE AN EX OFFICIO DIRECTOR, BUT SHALL NOT BE ENTITLED TO VOTE. COMMUNITY REPRESENTATIVES: EACH CITY OR TOWN IS ENTITLED TO THAT NUMBER OF REPRESENTATIVES FOR THE BOARD AS SET FORTH IN THE BYLAWS, PROVIDED THAT A CITY OR TOWN ENTITLED TO REPRESENTATION ON THE BOARD SHALL CEASE TO BE SO ENTITLED IF SUCH CITY OR TOWN FAILS TO MAKE ITS ANNUAL CONTRIBUTION, OR ANY INSTALLMENT THEREOF, AND PROVIDED THAT THE BOARD SHALL REDUCE THE NUMBER OF DIRECTORS REPRESENTING MARICOPA COUNTY, ARIZONA AND PINAL COUNTY, ARIZONA IF THE BOARD OF SUPERVISORS OF MARICOPA COUNTY AND PINAL COUNTY FAIL TO MAKE THEIR ANNUAL CONTRIBUTIONS OR INSTALLMENTS THEREOF. A MAYOR OF ANY CITY OR TOWN EMPOWERED BY THESE BYLAWS TO NOMINATE ONE OR MORE MEMBERS OF THE BOARD MAY NOMINATE AN ELECTED OFFICIAL TO SERVE ON THE BOARD. TO THE EXTENT THAT THE MAYOR OF A CITY OR TOWN IS ENTITLED TO NOMINATE MORE THAN ONE DIRECTOR, SUCH ADDITIONAL DIRECTORS SHALL NOT BE ELECTED OFFICIALS. THE MAYOR OF A CITY OR TOWN SHALL SUBMIT THE NUMBER OF PROSPECTIVE CANDIDATES PER APPOINTMENT, AS DETERMINED BY THE EXECUTIVE COMMITTEE, SATISFYING THE GUIDELINES SET FORTH IN THESE BYLAWS TO THE NOMINATING COMMITTEE OF THE CORPORATION. APPOINTED DIRECTORS: EACH ENTITY LISTED IS AUTHORIZED TO APPOINT THE NUMBER OF DIRECTORS INDICATED FOR THAT ENTITY. AT-LARGE DIRECTORS: THE BOARD SHALL ELECT AT-LARGE DIRECTORS FROM AMONG PERSONS NOMINATED BY THE NOMINATING COMMITTEE, AND PURSUANT TO ELECTION PROCEDURES DETERMINED BY THE NOMINATING COMMITTEE. THE NOMINATING COMMITTEE SHALL NOMINATE INDIVIDUALS PURSUANT TO THE GUIDELINES SET FORTH IN THE BYLAWS. RESTRICTED AT-LARGE DIRECTORS: UP TO FIVE ADDITIONAL AT-LARGE DIRECTORS MAY BE APPOINTED UPON RECOMMENDATION OF THE CHIEF EXECUTIVE OFFICER AND APPROVAL BY THE EXECUTIVE COMMITTEE BASED UPON SUCH INDIVIDUALS' EXPECTED ABILITY TO POSITIVELY IMPACT THE CORPORATION'S PERFORMANCE. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE, BOARD TREASURER, CONTROLLER, AND CEO WILL REVIEW THE DRAFT FORM 990. THE AUDIT COMMITTEE WILL REVIEW AND RECOMMEND APPROVAL FOR FILING TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO UPDATE THE CONFLICT OF INTEREST STATEMENT ANNUALLY. CONFLICTS OF INTEREST ARE TO BE AVOIDED WITH ANY RELATED PARTY EXCEPT TRANSACTIONS IN ACCORDANCE WITH SCHEDULE L THRESHOLDS AND THOSE TRANSACTIONS DEFINED AS NORMAL BUSINESS ACTIVITY. IN THE EVENT OF A CONFLICT THE EXECUTIVE COMMITTEE OF THE BOARD WILL DISCUSS THE FINANCIAL INTEREST WITH THE RELATED PARTY EXCUSED FROM THE MEETING DURING THE DISCUSSION AND VOTING. THE EXECUTIVE COMMITTEE OF THE BOARD WILL DISCUSS IF A MORE ADVANTAGEOUS TRANSACTION IS AVAILABLE. A VOTE WILL BE COLLECTED ON APPROVING THE TRANSACTION WITH THE RELATED PARTY EXCLUDED FROM VOTING. ALL SUCH PROCEDURES AND REQUIREMENTS, AND ALL DISCLOSURES MADE THEREUNDER, SHALL BE KEPT ON FILE AND SHALL BE AVAILABLE FOR INSPECTION BY THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 15 COMPARATIVE DATA FROM LIKE ORGANIZATIONS IS OBTAINED AND REVIEWED. IN ADDITION TO BASE SALARY AND PREREQUISITES, BONUS PERFORMANCE CRITERIA IS ESTABLISHED AND REVIEWED DURING AND AT THE END OF EACH YEAR. THE PERFORMANCE AND EXECUTIVE COMMITTEE APPROVE THE BONUS CALCULATIONS ANNUALLY AND THE CEO COMPENSATION CONTRACT WHEN NECESSARY. THE MINUTES OF THE MEETINGS OF THE BOARD SHALL SET FORTH THE COMPENSATION OF THE OFFICERS OR THE METHOD OF FIXING THE COMPENSATION OF THE OFFICERS. THIS WAS LAST PERFORMED IN FISCAL 2025. THE PROCESS IS SIMILAR FOR SENIOR MANAGEMENT. ALL COMPENSATION IS APPROVED BY THE CEO AND THE BONUS METRICS ARE REVIEWED AND APPROVED BY THE PERFORMANCE COMMITTEE AND THE EXECUTIVE COMMITTEE. THIS WAS LAST PERFORMED IN FISCAL 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C: GREATER PHOENIX ECONOMIC COUNCIL HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE OVERSIGHT PROCESS OR THE SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR. PARTNERSHIP FOR ECONOMIC INNOVATION 1475 N SCOTTSDALE RD STE 200 SCOTTSDALE AZ 85257 474623504 ECONOMIC ACTIVITY AZ 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 PARTNERSHIP FOR ECONOMIC INNOVATION P 61059 BOOK VALUE