Phoenix Final Four Local Organizing Committee
- Assets
- $923.0k
- Revenue
- $500.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale, AZ
- Founding
- 03/2016
- Data as of
- 06/2022
- EIN
- 47-4226409
Organization Overview
Phoenix Final Four Local Organizing Committee is located in Glendale, AZ. The organization was established in 2016. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Final Four Local Organizing Committee 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 06/2022, Phoenix Final Four Local Organizing Committee generated $500.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $137.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE PHOENIX FINAL FOUR LOCAL ORGANIZING COMMITTEE (PLOC) IS THE OPERATION AND STAGING OF THE 2024 NCAA MENS FINAL FOUR IN ORDER TO GENERATE ECONOMIC IMPACT IN ARIZONA THROUGH TOURISM AND TO PROVIDE POSITIVE EXPERIENCES FOR STUDENT-ATHLETES, ALUMNI & VISITING FANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLOC RAISES FUNDS IN ORDER TO PAY THE EXPENSES FOR THE MARKETING AND OPERATION OF THE 2024 NCAA FINAL FOUR.
THE PLOC COORDINATES ALL LOCAL OPERATIONS FOR THE HOSTING OF THE 2024 NCAA FINAL FOUR, INCLUDING COORDINATING TRANSPORTATION, LODGING, VOLUNTEER OPERATIONS, STADIUM OPERATIONS AND EVENT OPERATIONS.
THE PLOC PROMOTES AND MARKETS ALL EVENTS ASSOCIATED WITH THE 2024 NCAA FINAL FOUR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Jarvis Secretary | OfficerTrustee | 2 | $55,502 |
Tom Sadler President | OfficerTrustee | 1 | $0 |
Debbie Johnson Co Chariman | Trustee | 1 | $0 |
Ray Anderson Board Member | Trustee | 1 | $0 |
Dan Lewis Co Chairman | Trustee | 1 | $0 |
Steve Moore Board Member | Trustee | 1 | $0 |
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 | $500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $500,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $55,502 |
| Compensation of current officers, directors, key employees. | $27,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $630 |
| Advertising and promotion | $1,178 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $137,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $923,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $923,018 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $923,018 |
| 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 | $923,018 |
Grants Awarded
Over the last fiscal year, Phoenix Final Four Local Organizing Committee has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lone Tree, CO | | $10,000 |
Kansas City, MO | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phoenix Final Four Local Organizing Committee has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Arizona Sports Foundation Scottsdale, AZ PURPOSE: FINAL FOUR COMMUNITY SPONSORSHIP | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain West Conference Colorado Springs, CO | $8,458,444 | $60,414,909 |
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 |