Form 990 for tax year 2022
Filed by GREATER PHOENIX ECONOMIC COUNCIL.
Totals
- Total revenue
- $9,013,171
- Total expenses
- $8,368,807
- Contributions and grants received
- $5,801,052
- Grants paid
- $1,000,000
- Program service revenue
- $3,207,983
- Investment income
- $4,136
- Other revenue
- $0
- Total assets, end of year
- $7,119,312
- Total liabilities, end of year
- $1,958,528
- Net assets or fund balances, end of year
- $5,160,784
- Program services expenses (Part IX)
- $7,018,007
- Management and general expenses
- $1,052,919
- Fundraising expenses
- $297,881
- Program service expenses (Part III)
- $7,018,007
Program services were 83.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,109,709
-
1f · All other contributions, gifts and grants
$4,691,343
-
1g · Noncash contributions included above
$98,468
-
2a · Program service revenue: SPECIAL PROGRAM EVENTS
total $2,821,091 · related or exempt $2,821,091
-
2b · Program service revenue: CONTRACT SERVICES
total $386,892 · related or exempt $386,892
-
3 · Investment income
total $4,136 · excluded $4,136
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000,000 · program services $1,000,000
-
5 · Compensation of officers, directors and key employees
total $658,450 · program services $395,070 · management and general $131,690 · fundraising $131,690
-
7 · Other salaries and wages
total $3,267,200 · program services $2,539,776 · management and general $565,467 · fundraising $161,957
-
8 · Pension plan contributions
total $174,700 · program services $148,348 · management and general $26,352
-
9 · Other employee benefits
total $356,484 · program services $299,468 · management and general $57,016
-
10 · Payroll taxes
total $261,601 · program services $219,833 · management and general $41,768
-
11b · Fees: legal
total $8,569 · management and general $8,569
-
11c · Fees: accounting
total $49,973 · management and general $49,973
-
11d · Fees: lobbying
total $36,025 · program services $36,025
-
11g · Fees: other
total $185,980 · program services $187,812 · management and general -$1,832
-
12 · Advertising and promotion
total $247,451 · program services $247,451
-
13 · Office expenses
total $97,073 · program services $78,183 · management and general $18,890
-
14 · Information technology
total $227,684 · program services $193,035 · management and general $34,649
-
16 · Occupancy
total $281,675 · program services $263,094 · management and general $18,581
-
17 · Travel
total $41,941 · program services $41,941
-
19 · Conferences, conventions and meetings
total $879,623 · program services $878,965 · management and general $658
-
22 · Depreciation, depletion and amortization
total $186,663 · program services $133,209 · management and general $53,454
-
23 · Insurance
total $25,769 · program services $18,390 · management and general $7,379
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $289,156 · program services $287,796 · management and general $1,360
-
24b · Other expenses: MEMBER EVENTS
total $53,187 · program services $48,953 · fundraising $4,234
-
24c · Other expenses: OTHER EXPENSES
total $21,003 · program services $658 · management and general $20,345
-
24d · Other expenses: BAD DEBT EXPENSE
total $18,600 · management and general $18,600
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,487,259 · end of year $4,279,377
-
2 · Savings and temporary cash investments
beginning of year $881,518 · end of year $881,692
-
3 · Pledges and grants receivable
beginning of year $117,372 · end of year $274,393
-
4 · Accounts receivable
beginning of year $534,500 · end of year $449,950
-
9 · Prepaid expenses and deferred charges
beginning of year $374,961 · end of year $193,103
-
10a · Land, buildings and equipment: cost or other basis
$2,068,553
-
10b · Land, buildings and equipment: accumulated depreciation
$1,680,853
-
10c · Land, buildings and equipment, net
beginning of year $531,374 · end of year $387,700
-
15 · Other assets
beginning of year $1,000,000 · end of year $653,097
-
17 · Accounts payable and accrued expenses
beginning of year $955,536 · end of year $1,002,193
-
25 · Other liabilities
beginning of year $1,455,045 · end of year $956,335
-
27 · Net assets without donor restrictions
beginning of year $4,399,031 · end of year $5,154,784
-
28 · Net assets with donor restrictions
beginning of year $117,372 · end of year $6,000
Mission and programs · 2022
Mission
THE ORGANIZATION'S MISSION IS TO ATTRACT AND GROW QUALITY BUSINESSES AND ADVOCATE FOR GREATER PHOENIX'S COMPETITIVENESS.
Activities or mission (Part I)
ATTRACT AND GROW QUALITY BUSINESSES AND ADVOCATE FOR GREATER PHOENIX'S COMPETITIVENESS.
-
IN FY23 GPEC WORKED WITH ITS STAKEHOLDERS AND MEMBER COMMUNITIES TO ATTRACT 37 COMPANIES TO THE MARKET, ADDING $560.06M IN INCREMENTAL PAYROLL, COMPRISING 7,731 PROJECTED NEW JOBS OF WHICH 5,019 WERE AT AN AVERAGE HIGH-WAGE OF $84,680. GPEC HAD 246 PROSPECTS, OF WHICH 61 WERE INTERNATIONAL.
Expenses $7,018,007 · Grants $1,000,000 · Revenue $3,207,983
As filed on the 2022 return.
Listed in Part VII
-
David RousseauDAVID ROUSSEAU
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Derrick HallDERRICK HALL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Tammy McLeodTAMMY MCLEOD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ronald ButlerRONALD BUTLER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ed AaronsonED AARONSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Megan AckaertMEGAN ACKAERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David AdameDAVID ADAME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan BansakSUSAN BANSAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff BartonJEFF BARTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason BeckJASON BECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kyle BectonKYLE BECTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve BettsSTEVE BETTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris BradyCHRIS BRADY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jarett BrockJARETT BROCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mathew BuchwaldMATHEW BUCHWALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ben BuckleyBEN BUCKLEY
DIRECTOR (THRU 12/22)
- Total calculated
- $0
- Hours/week
- 1
-
Cathy CarlatCATHY CARLAT
DIRECTOR (THRU 12/22)
- Total calculated
- $0
- Hours/week
- 1
-
Angela CreedonANGELA CREEDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt EvenMATT EVEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gabrielle Finley-HazleGABRIELLE FINLEY-HAZLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kate GallegoKATE GALLEGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas GalvinTHOMAS GALVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don GarnerDON GARNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill GatesBILL GATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen GoeppingerKATHLEEN GOEPPINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven GonzalesSTEVEN GONZALES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adam GoodmanADAM GOODMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lindsay GorrillLINDSAY GORRILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Colin GouveiaCOLIN GOUVEIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John GrahamJOHN GRAHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard GrayRICHARD GRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharron GrzybowskiSHARRON GRZYBOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff GuldnerJEFF GULDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharon HarperSHARON HARPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin HartkeKEVIN HARTKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter HeckPETER HECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel HendricksonDANIEL HENDRICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alexis HermosilloALEXIS HERMOSILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen HigginsSTEPHEN HIGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Neil IrwinNEIL IRWIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heidi JannengaHEIDI JANNENGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott JenkinsSCOTT JENKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brett JohnsonBRETT JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James KasselmannJAMES KASSELMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chet KeizerCHET KEIZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris KochCHRIS KOCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David KrumwiedeDAVID KRUMWIEDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andre KudelskiANDRE KUDELSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roop LakkarajuROOP LAKKARAJU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd LaporteTODD LAPORTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael LevaultMICHAEL LEVAULT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff LoweJEFF LOWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul LunaPAUL LUNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike MadsenMIKE MADSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack McCainJACK MCCAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dea McDonaldDEA MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Craig McFarlandCRAIG MCFARLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jessica Mefford-MillerJESSICA MEFFORD-MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karla MoranKARLA MORAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James MorgadoJAMES MORGADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sally MortonSALLY MORTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian MuellerBRIAN MUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott MyersSCOTT MYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Francis NajafiFRANCIS NAJAFI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric OrsbornERIC ORSBORN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Natascha Ovando-KaradshehNATASCHA OVANDO-KARADSHEH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nipul PatelNIPUL PATEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rui PereiraRUI PEREIRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin PhelpsKEVIN PHELPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott PhillipsSCOTT PHILLIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe PizzilloJOE PIZZILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christian PriceCHRISTIAN PRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shane RandallSHANE RANDALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert RobbinsROBERT ROBBINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Juan RodriguezJUAN RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc SchmittleinMARC SCHMITTLEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack SellersJACK SELLERS
DIRECTOR (THRU 3/23)
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth ShipleyELIZABETH SHIPLEY
DIRECTOR (THRU 12/22)
- Total calculated
- $0
- Hours/week
- 1
-
Kathryn SorensenKATHRYN SORENSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim SwansonJIM SWANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Troy SwopeTROY SWOPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathy TeeterCATHY TEETER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin TulipanaKEVIN TULIPANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad VynalekBRAD VYNALEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathleen WalkerCATHLEEN WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy WarrenANDY WARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth WeiseKENNETH WEISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John WelchJOHN WELCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Corey WoodsCOREY WOODS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad WrightBRAD WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brett YackoBRETT YACKO
DIRECTOR (THRU 3/23)
- Total calculated
- $0
- Hours/week
- 1
-
Chris ZaharisCHRIS ZAHARIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer ZonneveldJENNIFER ZONNEVELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris CamachoCHRIS CAMACHO
PRESIDENT & CEO
- Total calculated
- $645,200
- From this org
- $626,000
- From related orgs
- $0
- Other
- $19,200
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $399,394
- Bonus
- $218,500
- Other
- $8,106
- Deferred
- $18,300
- Nontaxable benefits
- $900
- Filer's total
- $645,200
-
Brad SmidtBRAD SMIDT
SVP BUSINESS DEVELOPMENT
- Total calculated
- $203,382
- From this org
- $183,821
- From related orgs
- $0
- Other
- $19,561
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,850
- Bonus
- $24,971
- Other
- $0
- Deferred
- $11,461
- Nontaxable benefits
- $8,100
- Filer's total
- $203,382
-
Thomas MaynardTHOMAS MAYNARD
SVP BUSINESS DEVELOPMENT
- Total calculated
- $179,891
- From this org
- $168,859
- From related orgs
- $0
- Other
- $11,032
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,260
- Bonus
- $20,599
- Other
- $0
- Deferred
- $10,132
- Nontaxable benefits
- $900
- Filer's total
- $179,891
-
Kathleen LeeKATHLEEN LEE
SVP, REGIONAL INITIATIVES
- Total calculated
- $172,327
- From this org
- $161,724
- From related orgs
- $0
- Other
- $10,603
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,459
- Bonus
- $23,265
- Other
- $0
- Deferred
- $9,703
- Nontaxable benefits
- $900
- Filer's total
- $172,327
-
Sean FogartySEAN FOGARTY
VP, INTERNATIONAL BUSINESS DEVELOPMENT
- Total calculated
- $151,039
- From this org
- $142,277
- From related orgs
- $0
- Other
- $8,762
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,000
- Bonus
- $7,277
- Other
- $0
- Deferred
- $7,862
- Nontaxable benefits
- $900
- Filer's total
- $151,039
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 6a · Pay contingent on this organization's net earnings
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- GPEC PAID FOR HEALTH CLUB 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.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
ARIZONA SUPER BOWL HOST COMMITTEE
$1,000,000
SUPER BOWL MCIDA FEBRUARY 2023
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
PARTNERSHIP FOR ECONOMIC INNOVATION
501(C)(3) · ECONOMIC ACTIVITY · AZ
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342799349301424
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.