Make-A-Wish Foundation of New Jersey Inc

“There shall be an executive committee consisting of not less than five people, the president who shall be its chairperson, the vice president, the treasurer, and the secretary who shall all be elected by the board of directors at its annual meeting, and they shall hold office for one year and until their successors are elected. The executive committee shall also contain the immediate past president. In the absence or inability to act by any person on the executive committee, the president may designate a substitute individual from the board of directors to act for the time being in place of the absent person. The executive committee may act by resolution on behalf of the corporation for its day to day operations reporting their actions to the board. The executive committee shall be charged with submitting to the board for its consideration only unusual or extraordinary matters affecting the operations of the corporation. If for any reason any of these positions are unfilled, they shall be substituted with one additional person appointed by the president. Individuals on the executive committee must have served at least one year as a director in order to qualify for the executive committee. This requirement may be waived by the majority vote of the board of directors. The executive committee shall have and may exercise between meetings of the board of directors, all the delegable powers of the board of directors to the extent not expressly prohibited by the new jersey revised statutes or by resolution of the board of directors. The executive committee shall be in charge of all real estate owned or leased by the corporation and shall have power to make all repairs and alterations necessary for the safety and convenience of the property, provided that no structural alteration be made, without the previous approval of the board of directors. The executive committee shall be required to submit to the board of directors for its consideration any unusual or extraordinary matters affecting the operation of the make-a-wish foundation of new jersey, inc., in a timely manner.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. Drafts of the form 990 are reviewed by the organization's chief financial officer ("cfo"). The final draft is reviewed by the organization's treasurer, board chairman, and president/ceo and is distributed to the board of directors ("the board"). A meeting of the board is scheduled prior to the filing of the document with the irs. The cfo and treasurer present the form 990 at this meeting and address any open questions/issues raised by the board. At the end of this meeting a motion to approve the form 990 is made and voted on by the board.”

“Each board member and employee of make-a-wish foundation of new jersey (organization") is responsible for signing a conflict of interest and ethics assurance statement annually. The statement is accompanied by the organization's conflict of interest policy. By signing the document, the board member or employee attests that they have reviewed the policy, understand it and agrees to be bound by it. All organization representatives are required to disclose promptly and fully, any conflict-of-interest situations in which they are involved. If a conflict is found, that individual may not attempt to influence the organization's decisions and board members may not vote on whether to approve or disapprove a particular transaction. The board member's disclosure and abstention from voting shall be reflected in the minutes of the meeting at which the decision is made. Make-a-wish foundation of america sends its compliance team to all chapters (including the organization) on a rotating basis to ensure compliance with these procedures.”

“The executive committee of the board ("the committee"), who are independent and free of any conflict of interest, determine the compensation of make-a-wish foundation of new jersey's ("the organization") president/ceo by evaluating the president/ceo's performance against the goals established at the start of each year and by reviewing salary surveys from national nonprofit organizations to determine comparables for other organizations of similar size and geographic location. Decisions by the board regarding the ceo's compensation are documented in a note signed by the board chair and sent to the cfo. This process described above was last completed in fy 2019. The process for determining compensation for the other officers and key employees is coordinated by the ceo. Performance against the goals established for each employee are a key factor in determining compensation levels. In addition, the review of salary surveys from national nonprofit organizations of similar size and geographic location are used to determine compensation levels. All compensation adjustments for officers and employees are reviewed and approved by ceo.”

“The organization's governing documents, conflict of interest policy and financial statements are made available upon request. The organization also makes its financial statements available on the organization's website.”

“Through the incredible generosity of our donors, the dedication of our volunteers, the community, and the tireless support of our staff ensuring wishes become reality, make-a-wish foundation of new jersey, inc. Granted 479 wishes for the year ended august 31, 2024. As of august 31, 2024, there were 701 children in our pipeline eligible for a wish. In addition, the program expense ratio was 74% in the prior year and 76% this fiscal year. The total cost of the wishes granted for the fiscal year was $5,790,000. Of this amount, approximately $1,376,000 was contributed by various vendors who provided in-kind contributions such as travel and travel services, transportation, lodging, other services, and use of facilities to complete a child's wish. For financial statement purposes, an additional $623,000 of contributed services are included as contribution revenue and granted wish expense. For form 990, however, the irs requires that contributed services and use of facilities be excluded from both revenue and expenses.as of august 31, 2024, our active volunteer base consisted of approximately 50 individuals. This temporary decreased resulted from volunteers reaching their three-year renewal period for compliance standards set forth by our organization. Volunteer engagement remains a top priority, with our focus now directed towards recruiting and onboarding new volunteers to further our mission. Make-a-wish foundation of new jersey, inc has granted over 12,600 wishes since inception. Nationally, make-a-wish america has granted more than 615,000 wishes worldwide since 1980.”

“Change in split-interest agreements 102,017.”