Make-A-Wish Foundation of Eastern North

“The board of directors, by resolution adopted by a majority of the directors then serving, may designate and appoint one or more committees comprised of directors, each of which shall consist of one or more directors. Such committees, to the extent provided in said resolution, shall have and exercise the authority of the board of directors in the management of the corporation, except no such committee may exercise the authority of the board of directors in reference to the following matters: (i) filling vacancies on, or increasing or decreasing the members of, the board of directors or any committee of the board of directors; (ii) adoption, amendment or repeal of these bylaws or the articles of incorporation; or (iii) any matters prohibited by law.”

“The foundation works with an independent public accounting firm to prepare the form 990. The draft form 990 is then reviewed by the foundation's chief executive officer and acting treasurer. The public inspection copy of the return will then be presented to the finance committee for their review and provided to all voting members prior to filing with the internal revenue service.”

“The organization adopted a "statement of values, code of ethics and conflict of interest policy" with which 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 ceo of the chapter is charged with ensuring the coi statement and addendum are signed each year by directors, officers, and key employees. Review of the statements is monitored by the ceo 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.”

“The executive committee of the board, comprised solely of independent directors, none of whom have a conflict of interest with respect to the compensation arrangement, was accountable for setting a reasonable compensation package for the ceo. The executive committee also developed, consistent with the organization's philosophy and principles, the annual performance goals and criteria to be used in determining variable compensation criteria for officers and other employees. Appropriate comparability data was obtained from the consultant, i.e. Total economic benefits paid by similarly stated organization (both taxable and tax-exempt) for similar job responsibilities. The organization also gathered benchmarking data relevant to officers and other employees from comparable national nonprofit organizations and the overall market place. The board and committee discussions and decisions were contemporaneously documented, including the terms of transaction and the date approved, the members of the committee present for the deliberations and who voted, and the description of the comparability data and how it was obtained. Additionally the board assembled a hiring committee which provided input along with the sagency recruitment firm to the compensation package appropriate to hire a new ceo in fy2023-24 salaries for staff other than the top management officials are decided by the ceo in consultation with the employees immediate supervisor within limits set by the board-approved budget. Salary increases are based on metrics from performance reviews and comparable industry salaries. This process was last performed in 2023.”

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

“It is the founding principle of our vision to grant the wish of every eligible child, between the ages of 2 1/2 and 18. For wish kids, just the act of making their wish come true can give them the courage to comply with their medical treatments. With our wish making process we strive to bring a sense of excitement and hope during extremely difficult times and deliver a joyful life changing experience whether the wish is a princess party, swim with the dolphins, or the countless other possibilities dreamed up by the magical mind of a child. The make-a-wish foundation of eastern north carolina granted 212 life changing wishes in the fiscal year ending august 31, 2024. The total cost of wishes granted for the fiscal year was $3,145,539. Of this amount, $277,091 was contributed by various vendors who provided in-kind contributions such as travel and travel services, transportation, lodging, and other services and use of facilities to complete a child's wish. For financial statement purposes, these amounts are included as contribution revenue and granted wish expense. For form 990, however, the irs requires this amount be excluded from both revenue and expense.”