Wander Project

“The 990 tax return is prepared by the auditor of wander project and it is provided to the executive director at the time of completion. Once the return is reviewed by the executive director and all questions are answered, the 990 is forwarded to the board of directors for thier review. The board is provided time to pose questions or suggest changes. Once the board reviews the return and all questions are answered, the executive director is authorized to file the tax return.”

“Each board member is required to review the conflict of interest policy annualy and attest that it is being adhered to. Any conflicts are required to be reported to the board of directors upon being noted. When there is a potential conflict, the respective board member recuses themself from the discussion and any vote.”

“Salary of the executive director is reviewed and approved on a yeary basis by the board of directors. Salary levels are determined to be reasonable through this board review.”

“Governing documents are made avilable to the public upon thier request”

“Volunteers consist of the services of nine board members during the year.”

“Charity bibs - wander project works with event companies to secure free or reduced entries to their events. We then provide our participants with the option to raise funds (a set amount that varies based on the event) in lieu of paying for the event. In 2023, we partnered with 5 event companies: vacation races, aravipa - cocodona, transrockies run, orca running, and navajo yes. The supply of our charity bibs relies entirely on these companies (and expanding). In 2024, we are planning to expand our event offerings. We give participants the choice to select a charity of their choosing to raise funds for. In 2023, we were able to donate over 235,000 to nonprofits because of our charity bib athletes. Nonprofit partnerships - wander project partners with various nonprofits across the country to promote their work. Nonprofit partners collaborate with wander project to promote the charity bib program in order to harness the power of supporters to raise funds for their organization.”

“Prior period adjustment 208,229 wander project corrected the reporting methods related to contributions with donor restrictions. Prior to 2023, donations made for future events were deemed to be conditional contributions and were reflected as a refundable advance until such time as the event was held. It was determined during the current year that although a donation was made for a specific future event, there was no right of return to the contributor. This correction is being made to correct the timing of contribution recognition in accordance with financial accounting standards board's accounting standards update ("asu") no. 2016-14, not-for-profit entities, presentation of financial statements of not-for-profit entities (topic 958), as amended. As of december 31, 2022, an amount of 49,526 was reflected as a refundable advance within the statement of financial position. An adjustment was made to increase the amount of donor restricted net assets available on january 1, 2023, in the amount of 49,526. During the year ended december 31, 2022, a third party acted as an intermediary to collect pledges from donors on behalf of the wander project. An amount of 158,703 was collected related to events that were to be held in 2023. A transfer was made from this intermediary to the wander project in the total amount of 158,703 during the year ended december 31, 2023. Because these funds were held on behalf of the wander project, management determined that this amount should have been recognized as contributions with donor restrictions. An adjustment was made to increase the amount of donor restricted net assets available on january 1, 2023, in the amount of 158,703.”