| FORM 990, PART III, LINE 4A |
STARTUP TUCSON PROVIDES COMPREHENSIVE WRAP-AROUND SERVICES FOR ENTREPRENEURS THAT INCLUDE DISCOVERY & NETWORKING EVENTS, EDUCATIONAL PROGRAMMING, AND A FREE MEMBERSHIP HUB CALLED THE STARTUP TUCSON NETWORK. WE ARE ALSO KNOWN FOR TWO OF OUR LARGER REGIONAL ECOSYSTEM BUILDING EVENTS, TENWEST FESTIVAL OF INNOVATION AND IDEAFUNDING. IN RESPONSE TO COVID-19, STARTUP TUCSON CREATED AND ADJUSTED PROGRAMMING TO BE COMPLETELY VIRTUAL DURING 2020. THE FOLLOWING PROGRAMS WERE PROVIDED: -HOSTED WEEKLY WAS STARTUP BYTES, A LIVE STREAM WITH 15 HOT TIPS ON VARIOUS TOPICS OF INTEREST FOR BUSINESS OWNERS. SINCE LAUNCH, THE SERIES HAS BEEN VIEWED OVER 4,500 TIMES. -INNOVATION ECONOMICS WAS DESIGNED TO INFORM THE TUCSON COMMUNITY ON EMERGING ECONOMIC DEVELOPMENT TRENDS, AND WE BROUGHT THREE NATIONAL SPEAKERS TO ADDRESS TOPICS RELEVANT TO ENTREPRENEURSHIP AND ECONOMICS. THE SERIES SAW 166 ATTENDEES AT THE FIVE EVENTS. -THE BLACK BUSINESS TOWN HALL WAS A RESPONSE TO THE NATIONAL RECKONING ON RACE IN AMERICA. IN 2020, WE HAD OVER 111 LIVE ATTENDEES AND THE VIDEO WAS VIEWED 4155 TIMES AFTER THE EVENT. -STARTUP COFFEE, OUR MONTHLY NETWORKING AND SPEAKER SERIES, WAS MOVED TO A VIRTUAL FORMAT IN 2020. WE HAD OVER 600 ATTENDEES OVER THE COURSE OF THE YEAR, WITH AN ADDITIONAL 10,800 VIEWS OF THE VIDEOS AFTER THE FACT. -TUCSON SHOPS TUCSON, A DIGITAL PLATFORM THAT WAS AVAILABLE FROM APRIL 2020 TO SEPTEMBER 2020 WITH PRODUCTS AND SERVICES OF OVER 120 LOCAL SMALL BUSINESSES, MAKERS, AND ARTISANS FEATURED IN A USER-FRIENDLY GIFT-GUIDE FORMAT. THE PLATFORM RECEIVED 9,500 PAGE VIEWS WITH 2,900 UNIQUE VISITORS, AND OVER 40% OF SHOP OWNERS REPORTED A DIRECT INCREASE IN SALES DUE TO THEIR PARTICIPATION IN THE PROGRAM. -STARTUP TUCSON'S WEBSITE LAUNCH BOX OFFERED ENTREPRENEURS A SIMPLE, LOW-COST WEBSITE TO SUPPORT DIGITAL TRANSFORMATION TO ECOMMERCE IN RESPONSE TO MANY BRICK AND MOTOR BUSINESSES BEING CLOSED DURING COVID. -STARTUP TUCSON'S FLAGSHIP EDUCATION PROGRAM IS STARTUP FUNDAMENTALS THAT BEGINS WITH LABS 101, A VIRTUAL MONTHLY WORKSHOP WHERE ENTREPRENEURS WILL DEVELOP A BUSINESS PLAN USING THE LEAN CANVAS. AFTER STARTUP LABS 101, COMPANIES ARE ELIGIBLE TO COMPLETE THE REST OF FUNDAMENTALS 102-105 + DEMO DAY. STARTUP FUNDAMENTALS PROVIDES ENTREPRENEURS WITH TRAINING ON ESSENTIAL AND EVIDENCE-BASED STRATEGIES SUCH AS CUSTOMER VALIDATION, MARKETING, AND FINANCIAL AND BUSINESS PLANNING. WE GRADUATED 65 COMPANIES FROM FUNDAMENTALS IN 2020 AND HAD 85% OF NEW EARLY-STAGE NETWORK MEMBERS COMPLETE THE FULL SERIES. -FINALLY, STARTUP TUCSON LAUNCHED REMOTE TUCSON, A PROGRAM OFFERING A PACKAGE OF PERKS, BENEFITS AND COMMUNITY CONNECTIONS TO ELIGIBLE REMOTE WORKERS WHO MOVE TO AND WORK REMOTELY FROM TUCSON, ARIZONA FOR AT LEAST ONE YEAR. THIS LAUNCH RESULTED IN 600 APPLICANTS FROM 39 STATES ACROSS THE COUNTRY IN JUST FOUR WEEKS COMPETING FOR 10 SPOTS, AND A TOTAL OF 2.2 MILLION IN COMBINED SALARIES ADDED TO OUR LOCAL ECONOMY. |
| FORM 990, PART VI, SECTION B, LINE 11B |
FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM USING INFORMATION PROVIDED BY THE ORGANIZATION. THE FORM IS REVIEWED BY THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND BOARD OF DIRECTORS PRIOR TO BEING FINALIZED. |
| FORM 990, PART VI, SECTION B, LINE 12C |
NO OFFICER OR DIRECTOR OF THE CORPORATION ("CORPORATE OFFICIAL") SHALL PARTICIPATE IN THE DECISION MAKING PROCESS ON ANY MATTER IN WHICH SUCH CORPORATE OFFICIAL OR A RELATIVE OF SUCH CORPORATE OFFICIAL HAS ANY INTEREST. UPON LEARNING THAT THE BOARD OF DIRECTORS IS INVOLVED IN A MATTER IN WHICH A CORPORATE OFFICIAL IS AN INTERESTED PARTY, THE CORPORATE OFFICIAL SHALL NOTIFY THE CHAIRPERSON OF THE BOARD AND SHALL IMMEDIATELY WITHDRAW FROM ANY FURTHER CONSIDERATION OR DISCUSSION WITH THE BOARD OF DIRECTORS OR OTHER OFFICERS OR EMPLOYEES OF THE CORPORATION WITH RESPECT THERETO. UPON RECEIPT OF NOTICE FROM A CORPORATE OFFICIAL THAT SUCH CORPORATE OFFICIAL HAS AN INTEREST IN A MATTER IN WHICH THE CORPORATION IS INVOLVED, THE CHAIRPERSON SHALL REMOVE SUCH CORPORATE OFFICIAL FROM ANY DELIBERATION AND NOT FURNISH OR PROVIDE HIM OR HER WITH THE INFORMATION PERTAINING TO THAT MATTER WHICH IS FURNISHED TO THE OTHER DIRECTORS; EXCEPT TO THE EXTENT THAT SUCH INFORMATION IS GENERALLY AVAILABLE TO THE PUBLIC AT LARGE. AT THE TIME A PERSON BECOMES A BOARD MEMBER SUCH PERSON SHALL COMPLETE AND SUBMIT TO THE CHAIRMAN OF THE BOARD OR PRESIDENT A SIGNED STATEMENT WHICH AFFIRMS SUCH CORPORATE OFFICIAL HAS (I) RECEIVED A COPY OF THESE BYLAWS, (II) HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICIES CONTAINED IN THESE BYLAWS, AND (III) HAS AGREED TO COMPLY WITH SUCH POLICIES. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE CEO AND SENIOR EXECUTIVES OF THE ORGANIZATION. THE CEO'S COMPENSATION AND BONUS WAS DETERMINED IN DECEMBER 2019 AND DOCUMENTED IN THE EXECUTIVE BOARD MINUTES AND VIA E-MAIL COMMUNICATIONS WITH THE ORGANIZATION'S EXTERNAL BOOKKEEPER. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ARTICLES OF INCORPORATION ARE AVAILABLE ON THE ARIZONA CORPORATION COMMISSION'S WEBSITE. FORM 990 IS AVAILABLE ON GUIDESTAR AND ON REQUEST, AND FORM 1023 IS AVAILABLE ON REQUEST. |
| FORM 990, PAGE 1, ITEM B, REASON FOR AMENDED RETURN: |
THIS RETURN HAS BEEN AMENDED TO INCLUDE A $19,000 REDUCTION IN WAGES FOR THE EMPLOYEE RETENTION CREDIT. THIS AFFECTS FORM 990 PART IX LINE 24B AND PART X LINE 15(B). |
Attach to Form 990 or 990-EZ.