Make-A-Wish Foundation of Orange County

“There shall be an executive committee of the board of directors. The executive committee shall have and may exercise between meetings of the board of directors all of the delegable powers of the board of directors by standing resolution of the board of directors, except for the following: amendment to articles of incorporation, amendment by bylaws, approval of the annual budget, and actions expressly prohibited by law or by resolution of the board of directors. Any expenditure in excess of $25,000 authorized by the executive committee shall be reported to the board of directors at its next scheduled meeting. The executive committee shall be composed of the then serving and acting chairperson, secretary, treasurer, vice chairperson and any committee chairs designated by the chairperson or vice chairperson, and an at-large director if one is needed and approved by the board of directors.”

“The form 990 is prepared by the foundation's public accounting firm based on information provided by management. Once the draft is available, it is reviewed by management and any changes incorporated into the filing. Once this detailed review is complete, the draft of the form 990 is presented to the finance committee and the board of directors for their review and comments prior to filing with the irs.”

“The foundation maintains a conflict of interest and ethics statement as provided by the make-a-wish foundation of america for each officer, employee, board member, and volunteer. Such statements must be signed upon date of hire, election or commencement of volunteer service, and at least annually thereafter. The signed statements are then submitted to and reviewed by the director of volunteer services if they are from volunteers, and the president & ceo if they are from staff and board members. Review of the statements is monitored by the president & ceo. The procedures for addressing any conflicts of interest of which the president & ceo becomes aware includes but are not limited to the following (1) determining the nature of the conflict via verbal or written communication with the interested person, (2) fully disclosing conflicting interests to the board, (3) the conflicted person recuses himself/herself from deliberations and decisions regarding the transaction, and (4) taking appropriate actions warranted by the conflict as recommended by the board up to and including termination of service.”

“The president & ceo's compensation was determined by the board of directors, consisting of independent persons. It was reviewed against national benchmarking salary studies, surveys done every few years by the make-a-wish foundation of america, and by local salary surveys conducted by state organizations and by national benchmarking organizations. The board's discussion and decisions were contemporaneously documented. Documentation includes the terms of the transaction and the date it was approved, the members present during deliberations and those who voted on it, and the comparability data relied upon and how it was obtained. The same process listed above is used for other staff members, using the same instruments. Salaries for staff, other than the president & ceo, are decided by the president & ceo in consultation with the employee's immediate supervisor within limits set by the board-approved budget. All salary increases are based on metrics from performance reviews.”

“The foundation makes its governing documents, conflict of interest policy and financial statements available upon request.”

“At the heart of our mission is a simple yet powerful belief: every eligible child between the ages of 2 and 18 deserves to have their wish come true. For our wish kids, experiencing the magic of a wish brings not only joy, but also the courage and strength to face medical treatments. Through our wish-granting process, we provide excitement, hope, and unforgettable moments to children and their families during incredibly challenging times whether it's a princess party, swimming with dolphins, or any other dream a child can imagine. In fy24, mawocie granted 271 life-changing wishes, with a total cost of $3,384,689. Thanks to the generosity of our community, $642,675 was provided through in-kind contributions from vendors who donated travel services, transportation, lodging, and more to help fulfill these dreams. While these contributions are reflected in our financial statements, irs form 990 requires them to be excluded from revenue and expenses. Our impact extends beyond financial contributions. In fy 24 353 dedicated volunteers donated more than 8,217 hours of their time - a contribution valued at over $275,212 based on calculations from the independent sector. While volunteer time is not included in in-kind donations for financial reporting purposes, the impact of their generosity is immeasurable. . Every wish granted, every volunteer hour given, and every dollar donated helps bring hope, strength, and joy to children facing critical illnesses. Your support makes this possible. Join us in creating even more life-changing wishes and making a lasting difference in the lives of these children and their families.”

“Change in split interest agreements 30,492.”