Make a Wish Foundation of Colorado Inc

“The executive committee shall consist of the chair of the board, who shall be its chairperson, the vice chair of the board, the treasurer, and three members of the board. The executive committee may have such additional members of the board of directors as may be elected annually by the board of directors. Except as prohibited by statute, the executive committee may act on behalf of the board of directors when the board of directors is not in session. The executive committee shall report its actions to the board of directors at each regular meeting of the board of directors. The executive committee shall submit to the board of directors for its consideration resolutions concerning any unusual or extraordinary matters affecting the operations of the corporation. This delegation of authority to the executive committee shall not operate to relieve the board of directors or any member of the board of directors from any responsibility imposed by law. Rules governing procedures for meetings of the executive committee shall be as established by the board of directors, or in the absence thereof, by the executive committee itself.”

“The form 990 is reviewed by the foundation's ceo and coo. The form 990 is then reviewed by the organization's finance and executive committee. Subsequent to the committee's final approval, a copy of the form 990 is provided to all voting members of the board 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 and reviewed by the volunteer coordinator if they are from volunteers, and the ceo if from staff and board members. Review of the statements are monitored by the ceo. The procedures for addressing any conflicts of interest of which the 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 transactions and (4) taking appropriate actions warranted by the conflict as recommended by the board up to and including termination of service.”

“For fiscal 2022 compensation, the ceo's compensation was determined by an independent committee of the board of directors. The independent committee's discussion and decisions were contemporaneously documented. Documentation includes the terms of the transaction and the date it was approved, the members present during the deliberations, those who voted on it and the most recently available comparability data relied upon. Examples of comparability data include national and local benchmarking studies, salary surveys conducted by the make-a-wish foundation of america and charity navigator within the prior three years. For other officers and key employees, compensation is determined by the ceo and reviewed and approved by the board of directors. Examples or comparability data include national and local benchmarking studies, salary surveys conducted by the make-a-wish foundation of america and charity navigator within the prior three years.”

“The organization makes the governing documents, conflict of interest policy and financial statements available to the public 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 colorado granted 239 life changing wishes in the fiscal year ending august 31, 2022. The total cost of wishes granted for the fiscal year was $4,029,822. Of this amount, $523,280 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. In response to the coronavirus pandemic, on march 10, 2020, in conjuction with the make-a-wish national medical advisory council, make-a-wish of america issued instructions to pause travel and large gathering wishes until it was deemed medically safe for our vulnerable population and their families. Prior to fiscal 2020, travel wishes had been 75% of the wishes granted and the number of granted wishes averaged approximately 300. In addition, the program expense ratio was impacted due to the foundation's inability to grant travel wishes. The program expense ratio was 78% in the pre-pandemic fiscal year ending august 31, 2019. Toward the end of fiscal year 2022, the foundation began to emerge from pandemic operating conditions and national wish travel was resumed. National efforts are underway to return to pre-pandemic wish granting and fundraising efforts.”

“Change in split interest agreements -12,992.”