Make-A-Wish Foundation of Central &

“The governing board, by resolution adopted by a majority of the board, 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 governing board in the management of the corporation, except no such committee may exercise the authority of the governing board in reference to the following matters: (i) filling vacancies on, or increasing or decreasing the members of, the governing board or any committee of the governing board; (ii) adoption, amendment or repeal of these bylaws or the articles of incorporation; or (iii) any matters prohibited by law.”

“The foundation works closely with an independent public accounting firm engaged to prepare the form 990. The draft form 990 is reviewed and approved by the foundation's board treasurer and ceo. The draft is then presented to the finance committee of the board of directors, which includes financial professionals, for their review. Subsequent to the committee's approval, a complete copy of the form 990 is provided to all voting board of directors 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 senior director of volunteer services if they are from volunteers, and the ceo if they are from staff and board members. Review of the statements is 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 transaction, and (4) taking appropriate actions warranted by the conflict as recommended by the board up to and including termination of service.”

“The executive committee of the board of directors serve as the compensation and personnel committee that evaluates the performance of the ceo. Specific goals are set for the ceo for the fiscal year and were approved by the executive committee. These goals included performance in key areas: overall chapter financial performance (includes revenue/financial), wish granting, talent/operations and personnel development. A weight is assigned to each area and is compiled and delivered by the board chair with input, review, and approval from the executive committee. The executive committee determines the value of the incentive compensation based on performance in the key areas. The ceo's compensation was determined by the board of directors, consistent 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 hot it was obtained. The same process listed above is used for other officers and staff members, using the same instruments. Salaries for staff, other than the ceo, are decided by the 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 and/or economic conditions as a cost of living increase.”

“The organization makes the 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 countless other possibilities dreamed up by the magical mind of a child. The make-a-wish foundation of central & south texas granted 207 life-changing wishes in the fiscal year ending august 31, 2025. The total cost of wishes granted for the fiscal year was $3,585,401. Of this amount, $312,656 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.”

“Change in value of beneficial interest held by others 11,500.”