Make-A-Wish Foundation of Oklahoma Inc

“The foundation worked closely with an independent public accounting firm engaged to prepare the form 990. The draft form 990 prepared by the accounting firm was reviewed by the foundation's president/ceo, treasurer and finance committee. A copy of the complete form 990 was provided to all voting members of the board of directors for approval prior to filing with the internal revenue service.”

“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 volunteer coordinator if they are from volunteers, and the president/ceo if from staff and board members. The board chair reviews the president/ceo's signed conflict of interest statement. The procedures for addressing any conflicts of interest of which the president/ceo becomes aware include 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.”

“For 2020 compensation, 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 president/ceo and other officers of the foundation. The committee performs an annual review and establishes goals for the next fiscal year. The committee also gathers benchmarking data relevant to the officers from comparable national nonprofit organizations and analyzes the salary survey results provided by make-a-wish foundation of america. The foundation's written records include the (1) terms of the compensation arrangements, (2) a description of the comparable data relied upon by the executive committee, (3) documentation of the decisions made by the executive committee and (4) who were present and how they voted. Form 990, part vi, section b, line 15b: the foundation does not have employees who meet the definition of key employees. The same process listed above is used for other staff, using the same instruments. Salaries for staff other than the president/ceo are decided by the president/ceo in consultation with the employees' immediate supervisor within limits set by the board-approved budget. All salary increases are based on metrics from performance reviews.”

“While federal tax laws do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection, the organization makes its audited financial statements, annual report, and form 990 available upon request and on its website. Governing documents and conflict of interest policies are also available upon request with inspection at an office of the organization.”

“The make-a-wish foundation of oklahoma creates life-changing wishes for children with critical illnesses.”

“The make-a-wish foundation of oklahoma creates life-changing wishes for children with critical illnesses. The foundation granted 97 wishes during the fiscal year ended august 31, 2021. The total cost of wishes granted for the fiscal year was $549,237. Of this amount, $75,747 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 the $75,747 of contributed services and use of facilities to be excluded from both revenue and expense. In december 2019, an outbreak of a novel strain of coronavirus (covid-19) began. On march 10, 2020, in conjunction with the make-a-wish national medical advisory council, make-a-wish of america issued instructions to pause travel and large gathering wishes until deemed medically safe for our vulnerable population and their families. As of august 31, 2021, with the exception of regional travel, travel wishes are still paused. Prior to fiscal year 2020, travel wishes have been approximately 81% of the wishes granted and the number of granted wishes averaged approximately 156. In addition, the program expense ratio was impacted due to the make-a-wish foundation of oklahoma's inability to grant the travel wishes. The program expense ratio was previously 76% in fiscal year ended august 31, 2019. The make-a-wish foundation of oklahoma continues to evaluate all expenses and fundraising efforts in light of the impact of covid-19. National efforts are underway to return to wish granting and fundraising efforts when it is deemed medically safe.”

“Change in value of beneficial interest in assets held by others 52,083.”