Make-A-Wish Foundation of North Texas

“The foundation does not have any committees that have the authority to act on behalf of the governing body.”

“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 cfo. The return was then presented to the finance committee for their review. A copy of the form 990 was 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 to and reviewed by the director of volunteer services if they are from volunteers, and the president & ceo if they are from staff and board members. Review of the statements is monitored by the president & ceo. 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.”

“The president & ceo's total compensation was determined by the board of directors, consisting of independent persons. It was reviewed against national benchmarking salary studies, surveys done every few years by make-a-wish foundation of america, and local salary surveys conducted by independent organizations. The board's discussions were contemporaneously documented. Documentation included the terms of the compensation arrangement and date it was approved, the members present during deliberations and those who voted on it, and the comparability data relied upon and how 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 president & ceo are decided by the president & ceo in consultation with the appropriate senior leadership team member, within limits set by the board-approved budget. All salary increases are based on metrics from performance reviews and approved salary ranges for each position and documented.”

“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 north texas granted 624 life changing wishes in the fiscal year ending august 31, 2024. The total cost of wishes granted for the fiscal year was $9,935,314. Of this amount, $1,074,810 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 in assets held by others 28,836.”