Make-A-Wish Foundation of Ohky & In

“The board of directors has delegated the primary review of the form 990 to the finance committee. The organization's coo/vp worked closely with an outside accounting firm to prepare and ensure accuracy of the form 990. The form 990 was reviewed by the president/chief executive officer prior to it being provided to the finance committee. Each member of the board of directors was provided a complete copy of the form 990 prior to filing with the internal revenue service.”

“All officers, directors, employees and volunteers are required to comply and acknowledge by signing upon their initial involvement with the organization and annually thereafter, an "annual conflict of interest and ethics assurance statement" (the "coi statement"). The coi statement requires officers, directors and key employees to disclose the existence of any family and/or business relationships they may have with other officers, directors or key employees of the organization. The vp of finance & administration is charged with ensuring the coi statement & addendum are signed each year by directors, officers and key employees. If any covered person discloses a potential or actual conflict, the following procedure is followed: (1) the conflicting interest is fully disclosed to the board; (2) the covered person responds to any factual questions from the board related to the disclosed conflict; and (3) the board, without the covered person, discusses the conflict and approves or disapproves the proposed transaction.”

“For 2021 compensation, the president/ceo's compensation was determined by the compensation committee, consisting of independent persons. It was reviewed against national benchmarking salary studies, surveys done every few years, and by local salary surveys conducted by state organizations and by national benchmarking organizations. The board's discussions and decisions were contemporaneously documented. The documentation of the decision includes (a) the terms of the transaction that was approved and the date it was approved. (b) the members of the committee who were present during debate on the transaction that was approved and those who voted on it, and (c) the comparability data obtained and relied upon by the committee and how the data was obtained. Form 990, part vi, section b, line 15b: as part of the annual performance evaluation process, the president/ceo recommends salary increases, if any, for the officers. These salary recommendations are based upon employee performance, chapter financial performance, and comparison against national benchmarking salary studies. The independent executive committee of the board approves any salary increases. Additionally, as part of the annual budget setting process, the president/ceo discusses any compensation changes with the board. The board approves the overall salary budget for the chapter.”

“While federal tax laws do not mandate that an organization's governing documents, conflict of interest policy and financial statements be made available for public inspection. The foundation posts its annual report, audited financial statements, and form 990 on its website and also makes such documents available to members of the public upon request.”