Make-A-Wish Foundation of Greater Los

“The board of directors shall appoint an executive committee composed of 3 or more directors, one of whom shall be the board chair, to serve as the executive committee of the board of directors. The executive committee, unless limited in a resolution of the board of directors, shall have and may exercise all the authority of the board of directors in the management of the business and affairs of the corporation between meetings of the board of directors; provided, however, that the executive committee shall not have the authority in the following matters: (i) filling vacancies on, or increasing or decreasing the members of, the board of directors or any committee of the board of directors; (ii) adoption, amendment or repeal of these bylaws or the articles of incorporation; or (iii) any matters prohibited by law. The secretary of the corporation shall send to each director a summary report of the business conducted at any meeting of the executive committee.”

“The foundation works closely with an independent public accounting firm engaged to prepare the form 990. The draft form 990 prepared by the accounting firm is reviewed by the foundation's president and ceo. The return is then presented to the executive committee and finance committee for their review. Subsequent to the committee's approval, a complete 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 to and reviewed by the volunteer manager if they are from volunteers, and the president/ceo if from staff and board members. Review of the statements is monitored by the president/ceo. The procedures for addressing any conflict of interest of which the president/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 total compensation (including base salary, benefits, and incentive payments) of the foundation's president/ceo and officers was reviewed and approved by a committee of the board of directors, which is comprised solely of independent directors, none of whom had a conflict of interest with respect to the proposed compensation arrangements. Compensation is reviewed against national benchmarking salary studies, surveys done every few years by make-a-wish foundation of america and by local salary surveys conducted by state organizations, like the california nonprofits association and by national benchmarking organizations. The review of appropriate comparability information regarding the compensation paid by other similary situated nonprofit organizations to their ceo's and top management officials is made to ensure that the compensation proposed for the corresponding executive at the foundation is reasonable and appropriate based on comparable market data. The foundation contemporaneous records include (1) the terms of the compensation arrangements (including the dates they were approved), (2) the names of board members who were present during the discussions and who voted on the arrangements, and (3) a description of the comparability data relied upon by the foundation before the compensation arrangements were approved. This process was last completed 7/18/2022. 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 employee's immediate supervisor within limits set by the board-approved budget. All salary increases are based on metrics from performance reviews.”

“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 the countless other possibilities dreamed up by the magical mind of a child. The make-a-wish foundation of greater los angeles granted 200 life changing wishes in the fiscal year ending august 31, 2024. The total cost of wishes granted for the fiscal year was $3,702,319. Of this amount, $323,923 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.”