IRS Form 990 Fiscal Year ending June 30, 2021

- 990 Return of Organization Exempt From Income Tax OMB No. 1845-0047
orm
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Department of the Treasury > Do not enter social security numbers on this form as it may be made public. Open to Public
Internal Revenue Service > Go to www.irs.gov/Form990 for instructions and the latest information. Inspection
A_ For the 2020 calendar year, or tax year beginning 07/01/2020 and ending 06/30/2021
B_ Check if applicable: [|C Name of organization INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF CHAN D Employer identification number
(J Address change Doing business as 94-2781837
oO Name change Number and street (or P.O. box if mail is not delivered to street address) Room/suite E Telephone number
[1 initial return PO Box 4008 MS702 480-782-2333
Oo Final return/terminated City or town, state or province, country, and ZIP or foreign postal code
oO Amended return Chandler, AZ, 85244 G Gross receipts $ 102,485
O Application pending | F Name and address of principal officer: Lee Kroll H(a) Is this a group return for subordinates? O Yes No
1640 S Jay Place, Chandler, AZ 85286 H(b) Are all subordinates included? [_] Yes [_] No
| Tax-exempt status: oO 501(c)(3) 501(c)( 6 +) 4 (insert no.) Oo 4947(a)(1) or Oo 527 If “No,” attach a list. See instructions
J Website: > http:/Awww.chandleraz.gov/default.aspx?pageid=633 H(c) Group exemption number

Corporation oO Trust oO Association oO Other > l L Year of formation: 1979 l M State of legal domicile: AZ

K__ Form of organization:

Summary
1
£
g 2 e organizatio
8| 3 Number of voting members of the governing body (Part VI, line 1a) . an 7
® 4 Number of independent voting members of the governing body (Part VI, line 1b) 7
| 5 Total number of individuals employed in calendar year 2020 (Part V, line2a)  . . . . . 5 0
2| 6 Total number of volunteers (estimate if necessary) . . . . . coe ee 6 0
@| 7a Total unrelated business revenue from Part VIII, column (C), line 12 Soe ee ee 7a 0
b_ Net unrelated business taxable income from Form 990-T, Partl,line11 . . . . 2... 7b 0
Prior Year Current Year
«| 8 Contributions and grants (Part VIll, line th). ©. 2. 2. 2. 2 2 2 0 0
2 9 Program service revenue (Part VIll, line2g) . 2. 2. 2. 2. 2 ee 101,039 101,039
3 |10 Investment income (Part VIII, column (A), lines 3,4,and7d) . . . ... 23,148 1,446
= 144 = Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c,and1te). . . 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 124,187 102,485
13 Grants and similar amounts paid (Part IX, column (A), lines 1-3)... . . 153,817 117,424
14 Benefits paid to or for members (Part IX, column (A), line4) . . . 2... 0 0
g 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 0 0
2} 16a Professional fundraising fees (Part IX, column (A), line11e) . . . . . . (0) 0
3 b_ Total fundraising expenses (Part IX, column (D), line 25) >
/47 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e) soe ee 48 734
18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25). 153,865 118,158
19 Revenue less expenses. Subtract line 18 fromline 12... . 2... -29,678 -15,673
iy 3 Beginning of Current Year End of Year
$5|20 Totalassets(PartX,line16) 2... 2 914,761 899,088
<3 21 = Total liabilities (Part X, line 26). . . . .. coe 0 0
23|22 Net assets or fund balances. Subtract line 21 from line 20. woe 914,761 899,088

partil Signature Block

Under penalties of perjury, | declare that | have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is
true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign » Signature of officer Date
Here » Lee Kroll, Director/President

Type or print name and title

: Print/Type preparer’s name Preparer’s signature Date if | PTIN
Paid Check [_] if
self-employed
Preparer > >
Firm’ Firm’s EIN
Use Only irm’s name irm’s
Firm’s address > Phone no.
May the IRS discuss this return with the preparer shown above? See instructions . . . . . . . . . =. .  CL1Yes LIJNo

For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11282Y Form 990 (2020)

Form 990 (2020) Page 2
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line inthis PartIl . . . . 2... ...... 0
1. Briefly describe the organization’s mission:
_To enhance employment opportunities and improve Chandler's tax base by focusing on Industrial Office and Retail revitalization

2 _ Did the organization undertake any significant program services during the year which were not listed on the
prior Form 990 or 990-EZ? Soke ee :
If “Yes,” describe these new services on Schedule O.

3 Did the organization cease conducting, or make significant changes in how it conducts, any program
services? 2 2. 1 we ee ke ee ee we . .)6d LD Yes (YINo
If “Yes,” describe these changes on Schedule O.

4 Describe the organization’s program service accomplishments for each of its three largest program services, as measured by
expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others,
the total expenses, and revenue, if any, for each program service reported.

LYes No

4a a __) (Expenses $ 118,158 including grants of $_ __) (Revenue $ )
e Chandler's tax base b: dustrial Office an

4b (Code: ) (Expenses $ including grants of $_ ) (Revenue $ )

4c (Code: ) (Expenses $ including grants of $ ) (Revenue $ )

(Expenses $ 0 including grants of $ 0 ) (Revenue $ 0)

4e Total program service expenses > 118,158

Form 990 (2020)

Form 990 (2020)
imzlagia Checklist of Required Schedules

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11

12a

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14a

15

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20a

21

Page 3

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? /f “Yes,”
complete Schedule A . . .

Is the organization required to complete Schedule B, "Schedule of Contributors See instructions? .

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to
candidates for public office? /f “Yes,” complete Schedule C, Part! .

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501th
election in effect during the tax year? /f “Yes,” complete Schedule C, Part Il .

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues,
assessments, or similar amounts as defined in Revenue Procedure 98-19? /f “Yes,” complete Schedule C, Part Ill
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors
have the right to provide advice on the distribution or investment of amounts in such funds or accounts? /f
“Yes,” complete Schedule D, Part I Be

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If “Yes,” complete Schedule D, Part II

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,”
complete Schedule D, Part Ill : Co hoe ee
Did the organization report an amount in Part. x, line 21, for escrow or custodial account liability, serve as a
custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or
debt negotiation services? /f “Yes,” complete Schedule D, Part IV . Se
Did the organization, directly or through a related organization, hold assets in donor-restricted endowments
or in quasi endowments? If “Yes,” complete Schedule D, Part V . Co ee

If the organization’s answer to any of the following questions is “Yes,” then complete Schedule D, Parts VI,
VII, VIII, IX, or X as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10? /f “Yes,”
complete Schedule D, Part VI Be : . . oo
Did the organization report an amount for investments—other securities in Part X, line 12, that is 5% or more
of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.

Did the organization report an amount for investments—program related in Part X, line 13, that is 5% or more
of its total assets reported in Part X, line 16? /f “Yes,” complete Schedule D, Part VIll .

Did the organization report an amount for other assets in Part X, line 15, that is 5% or more of its total 2 assets
reported in Part X, line 16? /f “Yes,” complete Schedule D, Part IX

Did the organization report an amount for other liabilities in Part X, line 25? If “Yes, ” complete Schedule D, Part x
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses
the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete
Schedule D, Parts XI and XII

Was the organization included in consolidated, independent ¢ audited d financial statements for t the tax year? If
“Yes,” and if the organization answered “No” to line 12a, then completing Schedule D, Parts XI and XII is optional
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E

Did the organization maintain an office, employees, or agents outside of the United States? oo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking,
fundraising, business, investment, and program service activities outside the United States, or aggregate
foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Parts | and IV. .
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or
for any foreign organization? If “Yes,” complete Schedule F, Parts Il and IV .

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other
assistance to or for foreign individuals? /f “Yes,” complete Schedule F, Parts III and IV. foe
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on
Part IX, column (A), lines 6 and 11? /f “Yes,” complete Schedule G, Part I See instructions . hone
Did the organization report more than $15,000 total of fundraising event gross income and contributions on
Part VIII, lines 1¢ and 8a? If “Yes,” complete Schedule G, Part Il . .

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a?

If “Yes,” complete Schedule G, Part Ill :

Did the organization operate one or more hospital facilities? if “Yes," complete Schedule H. :

If “Yes” to line 20a, did the organization attach a copy of its audited financial statements to this return?

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or
domestic government on Part IX, column (A), line 1? /f “Yes,” complete Schedule |, Parts! and Il.

Yes | No
1 v
2 v
3 v
4
5 v
6 v
7 v
8 v
9 v
10 v
ia Vv
11b v
11c v
11d Vv
tle v
11f Vv
12a v
12b v
13 v
14a v
14b Vv
15 v
16 v
17 v
18 v
19 v
20a v
20b
21 v

Form 990 (2020)

Form 990 (2020)
imziagia Checklist of Required Schedules (continued)

Page 4

Yes | No
22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on
Part IX, column (A), line 2? If “Yes,” complete Schedule |, Parts | and Ill 22 Vv
23 Did the organization answer “Yes” to Part Vil, Section A, line 3, 4, or 5 about t compensation c of the
organization’s current and former officers, directors, trustees, key employees, and highest compensated
employees? /f “Yes,” complete Schedule J . ee 23 v
24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than
$100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b
through 24d and complete Schedule K. If “No,” go to line 25a : 24a Vv
b_ Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? : 24b
ce Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? : 24c
d_ Did the organization act as an “on behalf of” issuer sr for bonds outstanding at any time ‘during the year? : 24d
25a Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit
transaction with a disqualified person during the year? /f “Yes,” complete Schedule L, Part | . 25a
b_ Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior
year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ?
If “Yes,” complete Schedule L, Part! . Ce 25b
26 _ Did the organization report any amount on Part X, line 5 or 22, for receivables from or payables to any current
or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35%
controlled entity or family member of any of these persons? /f “Yes,” complete Schedule L, Part II 26 v
27 _ Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key
employee, creator or founder, substantial contributor or employee thereof, a grant selection committee
member, or to a 35% controlled entity (including an employee thereof) or family member of any of these
persons? If “Yes,” complete Schedule L, Part III Be bone ee 27 Vv
28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part
IV instructions, for applicable filing thresholds, conditions, and exceptions):
a Accurrent or former officer, director, trustee, key employee, creator or founder, or substantial contributor? /f
“Yes,” complete Schedule L, Part IV . : 28a v
b_ A family member of any individual described in line 28a? If “Yes, ” ” complete Schedule L, Part Vv : 28b (4
c A 35% controlled entity of one or more individuals and/or organizations described in lines 28a or 28b? /f
“Yes,” complete Schedule L, Part IV . So 28c v
29 Did the organization receive more than $25,000 in non- -cash contributions? if “Yes,” complete Schedule M 29 v
30 = Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified
conservation contributions? /f “Yes,” complete Schedule M : : 30 v
31 Did the organization liquidate, terminate, or dissolve and cease operations? if “Yes, ” complete Schedule N, “Part | 31 v
32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,”
complete Schedule N, Part II toe Co tone 32 v
33 Did the organization own 100% of an entity disregarded as separate from the organization under Reguation
sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part! . 33 v
34 Was the organization related to any tax-exempt or taxable > entity? If “Yes,” complete Schedule R, Part Il, Ill,
or IV, and Part V, line 1 an 34 v
35a_ Did the organization have a controlled entity within then meaning of section 51 2(by(1 3)? 35a v
b If “Yes” to line 35a, did the organization receive any payment from or engage in any transaction with a
controlled entity within the meaning of section 512(b)(13)? /f “Yes,” complete Schedule R, Part V, line 2 . 35b
36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable
related organization? /f “Yes,” complete Schedule R, Part V, line2 . bones toe ee 36
37 ~~ Did the organization conduct more than 5% of its activities through an entity that is not a related organization
and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI 37 v
38 Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and
19? Note: All Form 990 filers are required to complete Schedule O. 38 | v
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V oO
Yes | No
ta_ Enter the number reported in Box 3 of Form 1096. Enter -0-ifnot applicable . .. . ta 0
b_ Enter the number of Forms W-2G included in line 1a. Enter -O- if not applicable. . . . 1b 0
c Did the organization comply with backup withholding rules for reportable payments to vendors and
reportable gaming (gambling) winnings to prize winners? soe ee 1c| Vv

Form 990 (2020)

Form 990 (2020)
Statements Regarding Other IRS Filings and Tax Compliance (continued)

2a

b

3a
b
4a

b

5a

6a

oO

se toa

12a

13

14a

15

16

Page 5

Yes | No
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax
Statements, filed for the calendar year ending with or within the year covered by this return | 2a 0
If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2b
Note: If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
Did the organization have unrelated business gross income of $1,000 or more during the year? : 3a Vv
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation on Schedule O 3b
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over,
a financial account in a foreign country (such as a bank account, securities account, or other financial account)? 4a v
If “Yes,” enter the name of the foreign countrym®
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? . 5a 4
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b v
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? . 5c
Does the organization have annual gross receipts that are normally greater than St 00,000, and did the
organization solicit any contributions that were not tax deductible as charitable contributions? . . 6a v
If “Yes,” did the organization include with every solicitation an express statement that such contributions or
gifts were not tax deductible? 6b
Organizations that may receive deductible contributions under section 170(c).
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods
and services provided to the payor? . : 7a
If “Yes,” did the organization notify the donor of the value of the goods or services provided? : 7b
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was
required to file Form 8282? . . Se 7c
If “Yes,” indicate the number of Forms 8282 filed during the year fone 7d
Did the organization receive any funds, directly or indirectly, to pay premiums ona personal benefit contract? | 7e
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? . 7f
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? | 7g
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? | 7h
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the
sponsoring organization have excess business holdings at any time during the year? . 8
Sponsoring organizations maintaining donor advised funds.
Did the sponsoring organization make any taxable distributions under section 4966? . : 9a
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? 9b
Section 501(c)(7) organizations. Enter:
Initiation fees and capital contributions included on Part Vill, line12 . . . . : 10a
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities : 10b
Section 501(c)(12) organizations. Enter:
Gross income from members or shareholders . . . an : : : 11a
Gross income from other sources (Do not net amounts 5 due or paid to other sources
against amounts due or received fromthem.) . . . . . 11b
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 i in lieu of Form 1041? 12a
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year. . 12b
Section 501(c)(29) qualified nonprofit health insurance issuers.
Is the organization licensed to issue qualified health plans in more than one state? : 13a
Note: See the instructions for additional information the organization must report on Schedule 0.
Enter the amount of reserves the organization is required to maintain by the states in which
the organization is licensed to issue qualified health plans re 13b
Enter the amount of reservesonhand .. . . 13c
Did the organization receive any payments for indoor tanning § services during the tax year? : : 14a v
If “Yes,” has it filed a Form 720 to report these payments? If “No,” provide an explanation on Schedule 0 : 14b
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment(s) during the year? So 15 v
If “Yes,” see instructions and file Form 4720, Schedule N.
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? | 16 v
If “Yes,” complete Form 4720, Schedule O.

Form 990 (2020)

Form 990 (2020) Page 6
ixaa4s Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No”
response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes on Schedule O. See instructions.
Check if Schedule O contains a response or note to anylineinthisPartVl . . 2 . 2...
Section A. Governing Body and Management

Yes | No
ta_ Enter the number of voting members of the governing body at the end of the tax year. . la 7
If there are material differences in voting rights among members of the governing body, or
if the governing body delegated broad authority to an executive committee or similar
committee, explain on Schedule O.
b_ Enter the number of voting members included on line 1a, above, who are independent . 1b 7
2 Did any officer, director, trustee, or key employee have a family relationship or a business * relationship with
any other officer, director, trustee, or key employee? 2 v
3 Did the organization delegate control over management duties customarily performed by or under the direct
supervision of officers, directors, trustees, or key employees to a management company or other person? . 3 v
4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? | 4 v
5 Did the organization become aware during the year of a significant diversion of the organization’s assets? . 5 v
6 Did the organization have members or stockholders? : 6 v
7a_ Did the organization have members, stockholders, or other persons who had the power to elect or ; appoint
one or more members of the governing body? . . . : : 7a v
b Are any governance decisions of the organization reserved to a subject to > approval > members,
stockholders, or persons other than the governing body? . . . . . . 7b v
8 Did the organization contemporaneously document the meetings held or written actions undertaken during
the year by the following:
a Thegoverningbody?. .. . So 8a | v
b Each committee with authority to act c on behalf of the governing body? tone 8b | ¥
9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who c cannot ‘be reached at
the organization’s mailing address? If “Yes,” provide the names and addresses on ScheduleO . . . 9 Vv
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes | No
10a Did the organization have local chapters, branches, or affiliates? 2. 2. 2. 2. 2. 2... 2. ee 10a v
b_ If “Yes,” did the organization have written policies and procedures governing the activities of such chapters,
affiliates, and branches to ensure their operations are consistent with the organization’s exempt purposes? 10b
11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? | 11a v
b Describe in Schedule O the process, if any, used by the organization to review this Form 990.
12a Did the organization have a written conflict of interest policy? If “No,” gotoline13 . . . . 12a v
b_ Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise Sto ‘conflicts? 12b
ce Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,”
describe in Schedule O how thiswas done. . . Ce 12c
13. Did the organization have a written whistleblower policy? soe ee Soe ee 13 v
14 Did the organization have a written document retention and destruction policy? soe ee 14 Vv
15 Did the process for determining compensation of the following persons include a review and approval ‘by
independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a_ The organization’s CEO, Executive Director, or top management official . . 2. 2. 2. 1. we 15a v
b Other officers or key employees of the organization . . . Coe ee 15b v
If “Yes” to line 15a or 15b, describe the process in Schedule 0 (see instructions).
16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement
with a taxable entity during the year?. . . . Ce 16a v
b_ If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its
participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the
organization’s exempt status with respect to such arrangements? . . . . . . . . ee eee 16b

Section C. Disclosure

17 List the states with which a copy of this Form 990 isrequiredtobefiled> AZ

18 Section 6104 requires an organization to make its Forms 1023 (1024 or 1024-A, if applicable), 990, and 990-T (Section 501(c)
(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
LJ Own website =] Another’s website Upon request —__] Other (explain on Schedule O)

19 Describe on Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy,
and financial statements available to the public during the tax year.

20 State the name, address, and telephone number of the person who possesses the organization’s books and records >
City of Chandler Accounting, (480)782-2333
175 South Arizona Avenue, Chandler, AZ 85225 Form 990 (2020)

Form 990 (2020) Page 7
i<aadle Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and
Independent Contractors
Check if Schedule O contains a response or note to any line inthis Part VIl . . .. we ee.
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the
organization’s tax year.
List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount of
compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.
¢ List all of the organization’s current key employees, if any. See instructions for definition of “key employee.”
¢ List the organization’s five current highest compensated employees (other than an officer, director, trustee, or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.
¢ List all of the organization’s former officers, key employees, and highest compensated employees who received more than
$100,000 of reportable compensation from the organization and any related organizations.
List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.
See instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(c)
Position
(A) B) D) E) F)
@) ) (do not check more than one (0) 6) a)
Name and title Average box, unless person is both an Reportable Reportable Estimated amount
hours Officer and a director/trustee) compensation compensation of other
per week oslslolzlezin from the from related compensation
(istany |38/8/3/2)3a| 29 organization organizations from the
hours for | ¥ = FIS8 io 3 B FA (W-2/1099-MISC) | (W-2/1099-MISC) organization and
related |25] 6 | ~ 3 3 slo related organizations
lorganizations| & = | 5. Roy g
below 5 z g 3
dotted line) g)a 2
io} 2
© oy
a
eA ae i 0.02
President v v () 0 0
Shannon T Wilson 0.02
Vice President v v 0 0 0
-KurtJohansen 0.02
Secretary v v 0 0 0
Edward A Salanga eee fe 0.02
Treasurer v v () () 0
William Nolde 0.02
v 0 0 0
‘Director v () () ()
Rh ie i 0.02
Director v () () 0

Form 990 (2020)

Form 990 (2020)

Page 8

imaaulm Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(c)
Position
(A) B (2) E) F
) . (6) (do not check more than one (0) 6) . ©
Name and title Average box, unless person is both an Reportable Reportable Estimated amount
hours officer and a director/trustee) compensation compensation of other
per week 5 slolxlezin from the from related compensation
(list any a a 3/@/3aq/8 organization organizations from the
hours for | 3 #/3/o/$ z 2 | (W-2/1099-MISC) | (W-2/1099-MISC) | organization and
related | 2 eB] 3 3 s|- related organizations
lorganizations| & B Roy g
below g 8 3
dotted line) Q 2
QO 2
© oO
Qa
1b Subtotal : os > 0 0 0
c Total from continuation sheets to Part VII, Section A rn
d Total(addlines1bandic). .... . rr 0 0 0
2 Total number of individuals (including but not limited | to those listed above) who received more than $100,000 of
reportable compensation from the organization > 0
Yes | No
3 Did the organization list any former officer, director, trustee, key employee, or highest compensated
employee on line 1a? /f “Yes,” complete Schedule J for such individual toe ee ee 3 v
4 For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the
organization and related organizations greater than $150,000? /f “Yes,” complete Schedule J for such
individual . toe ee toe ee 4 Vv
5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual
for services rendered to the organization? If “Yes,” complete Schedule J for such person 5 Vv

Section B. Independent Contractors

1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of
compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A) (B) (c)
Name and business address Description of services Compensation
None
2 ‘Total number of independent contractors (including but not limited to those listed above) who
received more than $100,000 of compensation from the organization > 0

Form 990 (2020)

Form 990 (2020)

<adils Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .

Page 9

O

(A)
Total revenue

(B)
Related or exempt
function revenue

(c)
Unrelated
business revenue

(D)
Revenue excluded
from tax under
sections 512-514

2 | 1a Federatedcampaigns. . . . la
& 5| b Membershipdues . . . . . | 4b
62 c Fundraisingevents. . . . . | 1¢
£¢ d Related organizations . . . 1d
o = e Government grants (contributions) te
fa f All other contributions, gifts, grants,
= 5 and similar amounts not included above |_1f
28] 9g Noncash contributions included in
52 linestatf. . . ... . . [4g |$
© 8|_h Total.Addlinestatf. 2. 2... 1. 0
Business Code
8 2a Administrative Fees 561000 101,039 101,039 (0) (¢)
fo b
BZ) ¢
ES! gq
ge
S e
a f Allother program service revenue . . 0 0 0 0
Q Total. Add lines 2a-2f. . . .. ed 101,039
3 Investment income (including dividends, interest, and
other similaramounts). . . . . ..... 2 1,446 1,446 0 0
4 Income from investment of tax-exempt bond proceeds > 0 0 0 0
5 Royalties... . .. 0 0 0 0
(i) Real (ii) Personal
6a Grossrents . . | 6a
b_ Less: rental expenses | 6b
c_ Rental income or (loss) | 6c (0) 0
d Netrentalincomeor(loss) . . . . . . . .
7a Gross amount from (i) Securities (i) Other
sales of assets
other than inventory | 7a
s b Less: cost or other basis
5 and sales expenses . | 7b
3 c Gainor(loss). . | 7¢ 0 0
ra d Netgainor(loss) . . ..... 2... OP
2 8a Gross income from fundraising
° events (not including $
of contributions reported “on line
1c). See Part lV, line18 . . . 8a
b Less: directexpenses . . . 8b
c Net income or (loss) from fundraising events . . >
9a Gross income from gaming
activities. See Part IV, line 19. 9a
b Less: directexpenses . . . 9b
c Net income or (loss) from gaming g activities _. -
10a Gross sales of inventory, less
returns and allowances . . . |10a
b Less: cost of goods sold . . . |10b
c Netincome or (loss) from sales of inventory. . . >»
2 Business Code
9 o| 11a
gs) be
B38) 0
@&! d All other revenue oe
= e Total.Addlinestlatid. ........ - 0
12 _Totalrevenue. See instructions... . . . - 102,485 102,485 0 0

Form 990 (2020)

Form 990 (2020) Page 10

EEG “Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).

Check if Schedule O contains a response or note to any line inthis PartIX .. ........... U
Do not include amounts reported on lines 6b, 7b, Total Qrenses Progratn service Managenent and Fundelsing
8b, 9b, and 10b of Part VIII. expenses general expenses expenses
1 Grants and other assistance to domestic organizations
and domestic governments. See Part IV, line21_. 117,424 117,424

2 Grants and other assistance to domestic
individuals. See Part IV, line 22 . :

3 Grants and other assistance to foreign

organizations, foreign governments, and

foreign individuals. See Part IV, lines 15 and 16

Benefits paid to or for members

5 Compensation of current officers, directors,
trustees, and key employees

EN

6 Compensation not included above to disqualified
persons (as defined under section 4958(f)(1)) and
persons described in section 4958(c)(3)(B) .

7 Other salaries and wages

8 Pension plan accruals and contributions (include
section 401(k) and 403(b) employer contributions)

9 Other employee benefits .

10 Payroll taxes . .

11. Fees for services (nonemployees):
Management

Legal

Accounting

Lobbying . :

Professional fundraising s services. . See Part \V, ‘ine 17
Investment management fees

Other. (If line 11g amount exceeds 10% of line 25, ‘column
(A) amount, list line 11g expenses on Schedule O.) . 734 734
12 Advertising and promotion
13 Office expenses

14 — Information technology

emo agao num

15 Royalties .
16 Occupancy
17.‘ Travel

18 Payments of travel or entertainment ¢ expenses
for any federal, state, or local public officials

19 Conferences, conventions, and meetings

20 Interest : :

21 +Payments to affiliates :

22 ~~ Depreciation, depletion, and amortization

23 Insurance. . . . . 2. 1. wee 0

24 Other expenses. Itemize expenses not covered
above (List miscellaneous expenses on line 24e. If
line 24e amount exceeds 10% of line 25, column
(A) amount, list line 24e expenses on Schedule O.)

oaoaounom

All other expenses _ ; 0

25 _ Total functional expenses. Add lines 1 through 24e_ 118,158 118,158 0 0

26 Joint costs. Complete this line only if the
organization reported in column (B) joint costs
from a combined educational campaign and
fundraising solicitation. Check here » [] if
following SOP 98-2 (ASC 958-720)

Form 990 (2020)

Form 990 (2020)

Balance Sheet

Page 1

Check if Schedule O contains a response or note to any line in this Part X . oe Oo
(A) (B)
Beginning of year End of year
1. Cash—non-interest-bearing soe 223,346| 1 206,226
2 Savings and temporary cash investments . 10,681| 2 7,973
3 Pledges and grants receivable, net 3
4 Accounts receivable, net soe So ee 2,000| 4 2,000
5 Loans and other receivables from any current or former officer, director,
trustee, key employee, creator or founder, substantial contributor, or 35%
controlled entity or family member of any of these persons 5
6 Loans and other receivables from other disqualified persons (as defined
under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) . 6
2 7 Notes and loans receivable, net 7
2 8 Inventories for sale or use : : 8
<=} 9 Prepaid expenses and deferred charges 9
10a_ Land, buildings, and equipment: cost or other
basis. Complete Part Vi of ScheduleD . . . |10a
b_ Less: accumulated depreciation . . . . . |10b 10c
11. Investments—publicly traded securities : 678,734| 11 682,889
12 Investments —other securities. See Part IV, line 11 12
13. Investments—program-related. See Part IV, line 11 . 13
14 Intangible assets : : 14
15 Other assets. See Part IV, line 4 : 15
16 Total assets. Add lines 1 through 15 (must equal line 32) . 914,761| 16 899,088
17 Accounts payable and accrued expenses . 17
18 Grants payable . 18
19 Deferred revenue 19
20 Tax-exempt bond liabilities . 20
21 Escrow or custodial account liability. Complete Part WV of Schedule D. 21
8 | 22 Loans and other payables to any current or former officer, director,
= trustee, key employee, creator or founder, substantial contributor, or 35%
4 controlled entity or family member of any of these persons 22
4/23 Secured mortgages and notes payable to unrelated third parties 23
24 Unsecured notes and loans payable to unrelated third parties 24
25 Other liabilities (including federal income tax, payables to related third
parties, and other liabilities not included on lines 17-24). Complete Part X
of Schedule D rs 25
26 ‘Total liabilities. Add lines 17 through 25 0| 26 0
8 Organizations that follow FASB ASC 958, check here ob oO
2 and complete lines 27, 28, 32, and 33.
3 27 ~_—_Net assets without donor restrictions 27
3 28 Net assets with donor restrictions : 28
5 Organizations that do not follow FASB ASC 958, check here >a cae
a and complete lines 29 through 33.
° 29 Capital stock or trust principal, or current funds . : 0| 29 (0)
9 30 ~=—- Paid-in or capital surplus, or land, building, or equipment fund 0| 30 0
2 31 Retained earnings, endowment, accumulated income, or other funds . 914,761| 31 899,088
3 | 32. Total net assets or fund balances . - 914,761| 32 899,088
2/33 Total liabilities and net assets/fund balances . 914,761| 33 899,088

Form 990 (2020)

Form 990 (2020)
imzuieim Reconciliation of Net Assets

Page 12

Check if Schedule O contains a response or note to any line in this Part XI

O

OOMONOA AWN =

=
o

ee Financial Statements and Reporting

Total revenue (must equal Part VIII, column (A), line 12) .

102,485

Total expenses (must equal Part IX, column (A), line 25)

118,158

Revenue less expenses. Subtract line 2 from line 1

-15,673

Net assets or fund balances at beginning of year (must equal Part x, line 32, column A).

914,761

Net unrealized gains (losses) on investments

0

Donated services and use of facilities

Investment expenses .

Prior period adjustments .

O/O|N|O/a}/Alw/rm)—],

Other changes in net assets or fund balances (explain on n Schedule 0).

olojo|o

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part x, line
32, column (B)) .

=
o

899,088

Check if Schedule O contains a response or note to any line in this Part XII.

2a

3a

Accounting method used to prepare the Form 990: [] Cash Accrual [_] Other

If the organization changed its method of accounting from a prior year or checked “Other,” explain in
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant? .

If “Yes,” check a box below to indicate whether the financial statements for the year were compiled or
reviewed on a separate basis, consolidated basis, or both:

(1 Separate basis | []Consolidated basis [_] Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant? .

If “Yes,” check a box below to indicate whether the financial statements for the year were audited on a
separate basis, consolidated basis, or both:

LJ Separate basis [Consolidated basis [_] Both consolidated and separate basis

If “Yes” to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of
the audit, review, or compilation of its financial statements and selection of an independent accountant?

If the organization changed either its oversight process or selection process during the tax year, explain on
Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the
Single Audit Act and OMB Circular A-133? .

If “Yes,” did the organization undergo the required audit or audits? if the organization ‘did not undergo the
required audit or audits, explain why on Schedule O and describe any steps taken to undergo such audits .

Yes | No

2a

2b

2c

3a

3b

Form 990 (2020)

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SCHEDULE O Supplemental Information to Form 990 or 990-EZ OMB No. 1545-0047

(Form 990 or 990-EZ) Complete to provide information for responses to specific questions on

Form 990 or 990-EZ or to provide any additional information.
Department of the Treasury > Attach to Form 990 or 990-EZ. Open LC) Public
Internal Revenue Service > Go to www.irs.gov/Form990 for the latest information. Inspection
Name of the organization Employer identification number
INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF CHANDLER ARIZONA 94-2781837

Form 990, Part VI, Section B, Line 11b - This is reviewed by the President or Vice President prior to filing. The signed and approved Form

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Cat. No, 51056K Schedule O (Form 990 or 990-EZ) 2020