Arizona Sports Foundation
- Assets
- $81.4m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 58
- Location
- Scottsdale, AZ
- Founding
- 04/1969
- Data as of
- 03/2022
- EIN
- 86-0253821
Organization Overview
Arizona Sports Foundation, operating under the name Fiesta Bowl, is located in Scottsdale, AZ. The organization was established in 1969. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Fiesta Bowl employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fiesta Bowl is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Fiesta Bowl generated $14.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $12.8m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FIESTA BOWL STRIVES TO CREATE A POSITIVE ECONOMIC IMPACT FOR ARIZONA WITH A FOCUS ON COMMUNITY.
Describe the Organization's Program Activity:
THE ARIZONA 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 51ST ANNUAL FIESTA BOWL WAS PLAYED ON JANUARY 1, 2022. OKLAHOMA STATE DEFEATED NOTRE DAME BY A SCORE OF 37-35.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Nealy Executive Director (thru 3/7/22) | Officer | 30 | $1,047,116 |
Curt Krizan CFO And Ticket Revenue Officer | Officer | 30 | $318,066 |
Bob Whitehouse Chief Operating Officer | Officer | 30 | $291,955 |
Jose Moreno Chief Marketing Officer | Officer | 30 | $280,425 |
Christian Portaro Corporate Partnership Director | 30 | $162,883 | |
Scott Leightman Sr. Director Of Communication | 30 | $159,712 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A-l Tier Ii Llc Computer Software Support | 3/30/22 | $109,693 |
Image Craft Signage | 3/30/22 | $217,487 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,100 |
| Noncash contributions included in lines 1a–1f | $4,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,100 |
| Total Program Service Revenue | $13,686,256 |
| Investment income | $1,078,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $109,921 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$145,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,775,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $808,680 |
| Compensation of current officers, directors, key employees. | $184,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,027,016 |
| Pension plan accruals and contributions | $134,984 |
| Other employee benefits | $158,848 |
| Payroll taxes | $176,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,847 |
| Fees for services: Accounting | $61,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,286 |
| Fees for services: Other | $63,071 |
| Advertising and promotion | $228,859 |
| Office expenses | $85,726 |
| Information technology | $197,743 |
| Royalties | $0 |
| Occupancy | $239,474 |
| Travel | $160,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99,860 |
| Interest | $6,294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,347 |
| Insurance | $186,212 |
| All other expenses | -$347,281 |
| Total functional expenses | $12,843,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,227,411 |
| Savings and temporary cash investments | $518,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,942 |
| Loans from Officers, Directors, or Controlling Persons | $1,200,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $84,547 |
| Net Land, buildings, and equipment | $2,590,788 |
| Investments—publicly traded securities | $22,185,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,491,422 |
| Total assets | $81,400,423 |
| Accounts payable and accrued expenses | $2,278,367 |
| Grants payable | $0 |
| Deferred revenue | $101,112 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,379,479 |
| Net assets without donor restrictions | $79,020,944 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $81,400,423 |
Grants Awarded
Over the last fiscal year, Arizona Sports Foundation has awarded $87,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Glendale, AZ PURPOSE: FINAL FOUR COMMUNITY SPONSORSHIP | $50,000 |
Westlake, OH PURPOSE: COMMUNITY SPONSORSHIP | $37,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Arizona Sports Foundation has recieved totaling $37,305.
| Awarding Organization | Amount |
|---|---|
Honorhealth Scottsdale, AZ PURPOSE: PROGRAM SUPPORT | $30,900 |
Desert Financial Credit Union Phoenix, AZ PURPOSE: SPONSORSHIP | $6,180 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $75 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $75 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Sports Foundation Scottsdale, AZ | $81,400,423 | $14,775,397 |
Big West Conference Irvine, CA | $7,929,557 | $7,534,520 |
Reno Air Racings Association Inc Reno, NV | $901,025 | $5,151,361 |
Southern California Tennis Association Los Angeles, CA | $6,892,008 | $5,027,831 |
San Diego Bowl Game Association San Diego, CA | $2,382,848 | $1,680,512 |
Ute Conference Incorporated Salt Lake City, UT | $2,255,529 | $3,204,941 |
Federation Of International Lacrosse Colorado Springs, CO | $3,266,134 | $134,323 |
Usa Taekwondo Inc Colorado Springs, CO | $524,172 | $2,630,547 |
Utah Sports Commission Foundation Salt Lake City, UT | $18,438,050 | $3,736,716 |
Shoot The Puck Foundation Inc Fresno, CA | $1,640,190 | $2,525,508 |
Columbine-Lakewood Colorado Soccer Association Littleton, CO | $2,347,897 | $1,993,125 |
Arsenal Alliance Soccer Club South Jordan, UT | $2,138,683 | $1,979,351 |